{"annotation_id":"1cc16c98-e5b1-4742-b612-7a87dbb98121","file_hash":"99a8a530c30bc3bafdc084dc93eb05557f30aa4530f2de4e55e44cca720a7bd6","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"778e0e16-d2dd-4fd2-9921-e830d23e2412","block_type":"box","text":"JUNE 30, 2026","page_number":1,"box":{"x":815,"y":44,"width":123,"height":11}},{"id":"1c15b890-bf47-4fff-9ae2-c19c665ed2f9","block_type":"box","text":"2026 Semi-Annual Report","page_number":1,"box":{"x":93,"y":130,"width":610,"height":33}},{"id":"f6afb7ba-4c09-4cf0-aec9-4ade90b8e865","block_type":"box","text":"(Unaudited)","page_number":1,"box":{"x":93,"y":167,"width":281,"height":33}},{"id":"f934da13-2669-41c0-881c-b08f3eefe17e","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":1,"box":{"x":62,"y":248,"width":314,"height":12}},{"id":"ac80b992-ae6f-486e-a0c8-78d81eb0f5a5","block_type":"box","text":"Not FDIC Insured • May Lose Value • No Bank Guarantee","page_number":1,"box":{"x":96,"y":908,"width":369,"height":10}},{"id":"1e8d601e-45f7-4a0d-a27b-f2fa0cfc358c","block_type":"box","text":"NM0826U-5876566-1/56","page_number":1,"box":{"x":757,"y":969,"width":138,"height":7}},{"id":"df72abea-6149-4fc1-98ed-24d7fee8058d","block_type":"box","text":"Page","page_number":2,"box":{"x":943,"y":70,"width":25,"height":9}},{"id":"347e7aeb-6c67-45f4-b4cc-e83c279ce275","block_type":"box","text":"Semi-Annual Report:","page_number":2,"box":{"x":30,"y":87,"width":108,"height":9}},{"id":"5e1a9e8a-e1ac-4674-826d-e7d07bf96299","block_type":"box","text":"The Benefits and Risks of Leveraging","page_number":2,"box":{"x":30,"y":100,"width":183,"height":9}},{"id":"52901fe5-adc5-41f9-8f74-ccb7d3237ff5","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":223,"y":106,"width":636,"height":1}},{"id":"ffdb0dfa-d984-4c34-b726-67db62723ee1","block_type":"box","text":"............","page_number":2,"box":{"x":863,"y":106,"width":57,"height":1}},{"id":"c87a5d4b-1c94-46f3-8c15-75de5be99044","block_type":"box","text":"3","page_number":2,"box":{"x":963,"y":100,"width":5,"height":7}},{"id":"89c2d03b-14ee-4121-9ec3-3263cb752b8e","block_type":"box","text":"Derivative Financial Instruments","page_number":2,"box":{"x":31,"y":113,"width":156,"height":7}},{"id":"3e3fa0b8-85ea-418d-b686-7450b6d0040c","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":198,"y":119,"width":636,"height":1}},{"id":"77c707d4-590e-47bd-a3ca-600b4a4457f2","block_type":"box","text":".................","page_number":2,"box":{"x":838,"y":119,"width":82,"height":1}},{"id":"5508407a-8aa6-4b61-8884-e00d9a554231","block_type":"box","text":"3","page_number":2,"box":{"x":963,"y":113,"width":5,"height":7}},{"id":"a1663295-16ad-4f90-af84-5cc8de4b0949","block_type":"box","text":"Fund Summary","page_number":2,"box":{"x":31,"y":126,"width":75,"height":9}},{"id":"33e659cd-0dfb-48b9-846c-a6af8780b8b0","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":112,"y":131,"width":637,"height":2}},{"id":"743fd9a9-5803-450d-bd2f-91fe7deadefa","block_type":"box","text":"..................................","page_number":2,"box":{"x":752,"y":131,"width":168,"height":2}},{"id":"8cc32257-8b1a-4d1d-b8e6-2c481cd10e43","block_type":"box","text":"4","page_number":2,"box":{"x":963,"y":126,"width":5,"height":7}},{"id":"736eedaa-c160-4688-bc1c-ef407beaff54","block_type":"box","text":"About Fund Performance","page_number":2,"box":{"x":30,"y":138,"width":123,"height":8}},{"id":"aa949bac-ee76-4dc6-9a5c-cbbdb23f9ebd","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":162,"y":144,"width":637,"height":2}},{"id":"004662bd-5ad4-43a8-9ff0-c6ad261cdf59","block_type":"box","text":"........................","page_number":2,"box":{"x":802,"y":144,"width":118,"height":2}},{"id":"37e0ddff-fbc8-4280-a473-8b783931f4ce","block_type":"box","text":"6","page_number":2,"box":{"x":963,"y":138,"width":5,"height":8}},{"id":"4cbbc3c9-c4c3-4e54-97e0-bf0ad9fe5c16","block_type":"box","text":"Disclosure of Expenses for Continuously Offered Closed-End Funds","page_number":2,"box":{"x":31,"y":151,"width":331,"height":10}},{"id":"2b9ce66e-1339-448b-b1cd-955259bc4c0d","block_type":"box","text":"..............................................................................................................","page_number":2,"box":{"x":369,"y":157,"width":551,"height":2}},{"id":"c56dd2bf-3959-4bb4-9045-aaed78b00642","block_type":"box","text":"6","page_number":2,"box":{"x":963,"y":151,"width":5,"height":8}},{"id":"a9edfe9a-0320-40d3-ae6b-b221e792c724","block_type":"box","text":"Financial Statements:","page_number":2,"box":{"x":31,"y":164,"width":104,"height":8}},{"id":"a3e014ca-cbe5-4b6f-8122-84c879d3e113","block_type":"box","text":"Consolidated Schedules of Investments","page_number":2,"box":{"x":44,"y":177,"width":193,"height":8}},{"id":"b2843853-4836-463d-8533-9347a41c7d83","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":243,"y":183,"width":637,"height":2}},{"id":"8757ba3d-5767-4174-9e96-a8e579462e0d","block_type":"box","text":"........","page_number":2,"box":{"x":883,"y":183,"width":37,"height":2}},{"id":"ac4283da-a944-40e0-8c1b-81fc481a3f8b","block_type":"box","text":"8","page_number":2,"box":{"x":963,"y":177,"width":5,"height":8}},{"id":"b41f2b89-ed46-4b14-bfab-1dcaf558ea40","block_type":"box","text":"Consolidated Statement of Assets and Liabilities","page_number":2,"box":{"x":44,"y":190,"width":235,"height":8}},{"id":"e41aca78-b675-4f0b-b2f8-0baebd9523db","block_type":"box","text":"..............................................................................................................................","page_number":2,"box":{"x":288,"y":196,"width":632,"height":1}},{"id":"a91b1e99-6406-4b0a-a1e1-ec335d5c8541","block_type":"box","text":"23","page_number":2,"box":{"x":957,"y":190,"width":11,"height":8}},{"id":"e7bfcbd2-aea3-422c-bb16-cee489304aa4","block_type":"box","text":"Consolidated Statement of Operations","page_number":2,"box":{"x":44,"y":203,"width":187,"height":9}},{"id":"9dc2a3bc-178e-463a-8d55-f8f76b3e858a","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":238,"y":209,"width":637,"height":1}},{"id":"e7bc6ef3-b68c-4511-a118-ff8a480a48a5","block_type":"box","text":".........","page_number":2,"box":{"x":878,"y":209,"width":42,"height":1}},{"id":"6b04d355-7f13-4303-a9b3-c30619af554a","block_type":"box","text":"25","page_number":2,"box":{"x":957,"y":203,"width":11,"height":7}},{"id":"42384d84-5c25-484e-b210-8a63475b0bb1","block_type":"box","text":"Consolidated Statements of Changes in Net Assets","page_number":2,"box":{"x":44,"y":216,"width":250,"height":9}},{"id":"5664f777-f76b-4e24-91e1-8ec755e484cd","block_type":"box","text":"...........................................................................................................................","page_number":2,"box":{"x":303,"y":222,"width":617,"height":1}},{"id":"d5eeef0c-2975-46a2-86b5-9811c0c8386f","block_type":"box","text":"26","page_number":2,"box":{"x":957,"y":216,"width":11,"height":7}},{"id":"608114f1-32de-449b-8c49-421213e51704","block_type":"box","text":"Consolidated Statement of Cash Flows","page_number":2,"box":{"x":44,"y":229,"width":190,"height":7}},{"id":"20af3749-95b5-415c-94b6-3601f0e2699f","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":243,"y":235,"width":637,"height":1}},{"id":"fa0e8d9d-c9be-4ffc-bc57-d1be04c8578a","block_type":"box","text":"........","page_number":2,"box":{"x":883,"y":235,"width":37,"height":1}},{"id":"70af697b-2f5c-4edb-a32f-b95a1bfd908b","block_type":"box","text":"27","page_number":2,"box":{"x":957,"y":229,"width":11,"height":7}},{"id":"735e4d20-0466-4558-ae00-ddd58ff1bac7","block_type":"box","text":"Financial Highlights","page_number":2,"box":{"x":31,"y":242,"width":95,"height":9}},{"id":"cb54835f-e86c-4e0d-86d6-081794ecc37d","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":132,"y":247,"width":637,"height":2}},{"id":"fc062ee1-ce35-4b66-b78e-c68ddfca665f","block_type":"box","text":"..............................","page_number":2,"box":{"x":772,"y":247,"width":148,"height":2}},{"id":"17929f4c-459d-4a14-8335-aa5add2b85a3","block_type":"box","text":"29","page_number":2,"box":{"x":957,"y":242,"width":11,"height":7}},{"id":"3e5b1caf-f5fb-46a4-8daf-423d8e01b9d8","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":2,"box":{"x":31,"y":254,"width":214,"height":8}},{"id":"6ec56749-d701-4d20-9d8d-4b3028e38ea1","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":253,"y":260,"width":637,"height":2}},{"id":"0391bd1d-d964-4533-8bfd-84c49363f5ac","block_type":"box","text":"......","page_number":2,"box":{"x":893,"y":260,"width":27,"height":2}},{"id":"859bc00c-34d3-48a5-a7ce-0157380b1fec","block_type":"box","text":"34","page_number":2,"box":{"x":957,"y":255,"width":11,"height":7}},{"id":"e91efa5f-11a1-4b00-a702-18d7c1184658","block_type":"box","text":"Disclosure of Investment Advisory Agreement and Sub-Advisory Agreements","page_number":2,"box":{"x":31,"y":267,"width":373,"height":10}},{"id":"cd6745ec-7be7-4553-b351-ff6149493107","block_type":"box","text":".....................................................................................................","page_number":2,"box":{"x":415,"y":273,"width":505,"height":2}},{"id":"29183dda-87db-4734-873b-58aa36c37be2","block_type":"box","text":"48","page_number":2,"box":{"x":957,"y":267,"width":11,"height":8}},{"id":"1a597a1b-1368-43fc-9c7c-99a33f7cc950","block_type":"box","text":"Additional Information","page_number":2,"box":{"x":30,"y":280,"width":106,"height":8}},{"id":"81d889ce-fd44-4792-8c83-a5a2f7ed47a0","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":147,"y":286,"width":637,"height":2}},{"id":"60c57d8f-f53b-4899-ab7a-c7dd3f9cb4dd","block_type":"box","text":"...........................","page_number":2,"box":{"x":787,"y":286,"width":133,"height":2}},{"id":"8fc09573-777c-40de-a360-1eef0e56cbda","block_type":"box","text":"51","page_number":2,"box":{"x":957,"y":280,"width":10,"height":8}},{"id":"32ef3b99-140a-4548-a92c-adb6b352d99e","block_type":"box","text":"Glossary of Terms Used in this Report","page_number":2,"box":{"x":30,"y":293,"width":186,"height":10}},{"id":"0c24d211-e6a0-4ad6-bbde-b4bde1125e02","block_type":"box","text":"...............................................................................................................................","page_number":2,"box":{"x":223,"y":299,"width":636,"height":2}},{"id":"a6e20837-7cf0-4d7c-8d9b-aa0e052c1b58","block_type":"box","text":"............","page_number":2,"box":{"x":863,"y":299,"width":57,"height":2}},{"id":"56640044-5d5e-4498-b69f-a3a92e3baf79","block_type":"box","text":"53","page_number":2,"box":{"x":957,"y":293,"width":11,"height":8}},{"id":"5e9e4e0b-eed2-46d4-a50b-6f30c719994e","block_type":"box","text":"Table of Contents","page_number":2,"box":{"x":30,"y":28,"width":149,"height":13}},{"id":"a0ff32dc-92bc-4c29-b66c-fcf24d9f03b8","block_type":"box","text":"2","page_number":2,"box":{"x":30,"y":965,"width":7,"height":9}},{"id":"618a47b2-5e78-4954-9905-c52a9046096b","block_type":"box","text":"NM0826U-5876566-2/56","page_number":2,"box":{"x":757,"y":969,"width":138,"height":7}},{"id":"30ff2d15-ed6e-4377-882f-230db772a7e7","block_type":"box","text":"The Benefits and Risks of Leveraging","page_number":3,"box":{"x":30,"y":28,"width":319,"height":17}},{"id":"fe9ca822-7e31-4b78-b927-0a613ceefa26","block_type":"box","text":"The Fund may utilize leverage to seek to enhance the distribution rate on, and net asset value (“NAV”) of, its common shares (“Common Shares”). However","page_number":3,"box":{"x":30,"y":70,"width":873,"height":11}},{"id":"2ed26138-d5cc-45e5-bbf4-7b3b459e230d","block_type":"box","text":", there is no","page_number":3,"box":{"x":903,"y":70,"width":66,"height":10}},{"id":"26a9fa5e-97df-4e69-8b08-586da97f6ed9","block_type":"box","text":"guarantee that these objectives can be achieved in all interest rate environments.","page_number":3,"box":{"x":30,"y":84,"width":444,"height":11}},{"id":"b4d5662f-e3e5-4efc-a871-daccf8e64a33","block_type":"box","text":"In general, the concept of leveraging is based on the premise that the financing cost of leverage, which is based on short-term interest rates, is norma","page_number":3,"box":{"x":31,"y":109,"width":804,"height":11}},{"id":"e18278af-9434-417a-9279-98a3c31a11bd","block_type":"box","text":"lly lower than the income","page_number":3,"box":{"x":836,"y":109,"width":133,"height":11}},{"id":"8ef2bb83-57fe-4276-b8fd-24c57f178eff","block_type":"box","text":"earned by the Fund on its longer-term portfolio investments purchased with the proceeds from leverage. To the extent that the total assets of the Fund (","page_number":3,"box":{"x":30,"y":123,"width":830,"height":11}},{"id":"c5c45a33-76e5-4339-a2f4-2852f27276e0","block_type":"box","text":"including the assets","page_number":3,"box":{"x":861,"y":123,"width":108,"height":11}},{"id":"6bf891c8-9e05-4437-840c-3d2604f367f2","block_type":"box","text":"obtained from leverage) are invested in higher-yielding portfolio investments, the Fund’s shareholders benefit from the incremental net income. T","page_number":3,"box":{"x":30,"y":137,"width":817,"height":11}},{"id":"ec47109b-3a53-4ff2-802e-97619e35f3c6","block_type":"box","text":"he interest earned on","page_number":3,"box":{"x":849,"y":137,"width":120,"height":9}},{"id":"977819de-8a44-480b-9e7f-d1656fdd9843","block_type":"box","text":"securities purchased with the proceeds from leverage (after paying the leverage costs) is paid to shareholders in the form of dividends, and the value","page_number":3,"box":{"x":30,"y":151,"width":797,"height":11}},{"id":"ca553f79-af4e-49ac-bc8c-470e3cecaefe","block_type":"box","text":"of these portfolio holdings","page_number":3,"box":{"x":831,"y":151,"width":138,"height":11}},{"id":"b8a788b5-ba09-4ecd-8873-d1fb7e28981e","block_type":"box","text":"(less the leverage liability) is reflected in the per share NAV.","page_number":3,"box":{"x":30,"y":165,"width":325,"height":11}},{"id":"b3a8dcd0-751a-4f14-b862-22c3bfbb3b9a","block_type":"box","text":"To illustrate these concepts, assume the Fund’s capitalization is $100 million and it utilizes leverage for an additional $30 million, creating a tot","page_number":3,"box":{"x":30,"y":189,"width":764,"height":12}},{"id":"ea8889ab-b5e7-46d7-965b-7fe4877bdd4a","block_type":"box","text":"al value of $130 million available","page_number":3,"box":{"x":794,"y":189,"width":175,"height":11}},{"id":"847a65d3-d6b3-460e-840f-5a1c261e8367","block_type":"box","text":"for investment in longer-term income securities. If prevailing short-term interest rates are 3% and longer-term interest rates are 6%, the yield cur","page_number":3,"box":{"x":30,"y":204,"width":798,"height":11}},{"id":"4b3f953a-394e-4aea-8267-c65aeaa2dc49","block_type":"box","text":"ve has a strongly positive","page_number":3,"box":{"x":828,"y":204,"width":141,"height":11}},{"id":"eff72a1e-ce95-48fb-b625-9a906b0c2e75","block_type":"box","text":"slope. In this case, the Fund’s financing costs on the $30 million of proceeds obtained from leverage are based on the lower short-term interest rates.","page_number":3,"box":{"x":30,"y":218,"width":818,"height":11}},{"id":"13a65596-c983-453a-93a1-6a1f38dac010","block_type":"box","text":"At the same time, the","page_number":3,"box":{"x":852,"y":218,"width":117,"height":10}},{"id":"2e1069a2-13bb-4a24-be14-bd679dad78f0","block_type":"box","text":"securities purchased by the Fund with the proceeds from leverage earn income based on longer-term interest rates. In this case, the Fund’s financing c","page_number":3,"box":{"x":30,"y":232,"width":843,"height":11}},{"id":"aa310f57-9ccf-43ee-9213-fb516fe71c82","block_type":"box","text":"ost of leverage is","page_number":3,"box":{"x":874,"y":232,"width":95,"height":11}},{"id":"bca9d49c-52cc-4de4-8b02-cccd1f9855f6","block_type":"box","text":"significantly lower than the income earned on the Fund’s longer-term investments acquired from such leverage proceeds, and therefore the holders of","page_number":3,"box":{"x":30,"y":247,"width":841,"height":10}},{"id":"80b248fe-1dec-4c94-ac00-28ff14f19d9c","block_type":"box","text":"Common Shares","page_number":3,"box":{"x":876,"y":247,"width":93,"height":8}},{"id":"64089435-480e-4a86-9f36-5b491384ce63","block_type":"box","text":"(“Common Shareholders”) are the beneficiaries of the incremental net income.","page_number":3,"box":{"x":30,"y":261,"width":427,"height":11}},{"id":"47bd10ca-5bc2-4a5f-9424-832239da9562","block_type":"box","text":"However, in order to benefit shareholders, the return on assets purchased with leverage proceeds must exceed the ongoing costs associated with the le","page_number":3,"box":{"x":31,"y":285,"width":819,"height":11}},{"id":"f7d0b874-a5f9-4cd4-9a23-df8d5f18035f","block_type":"box","text":"verage. If interest and","page_number":3,"box":{"x":851,"y":285,"width":118,"height":11}},{"id":"1efb5141-ccf8-40f7-97a4-48472abb553f","block_type":"box","text":"other costs of leverage exceed the Fund’s return on assets purchased with leverage proceeds, income to shareholders is lower than if the Fund had not us","page_number":3,"box":{"x":30,"y":299,"width":870,"height":11}},{"id":"e97ef2ae-112f-42a2-80cf-579eabef0c09","block_type":"box","text":"ed leverage.","page_number":3,"box":{"x":901,"y":300,"width":67,"height":10}},{"id":"c1945a8c-73cb-43bf-8561-a42e98282598","block_type":"box","text":"Furthermore, the value of the Fund’s portfolio investments generally varies inversely with the direction of long-term interest rates, although oth","page_number":3,"box":{"x":31,"y":314,"width":760,"height":11}},{"id":"51647b18-6d2c-49cb-977b-73735033fd60","block_type":"box","text":"er factors can influence the value","page_number":3,"box":{"x":792,"y":314,"width":177,"height":8}},{"id":"56271c6c-9305-4ee9-a120-30eeeed48c46","block_type":"box","text":"of portfolio investments. In contrast, the amount of the Fund’s obligations under its leverage arrangement generally does not fluctuate in relation","page_number":3,"box":{"x":30,"y":328,"width":782,"height":11}},{"id":"c224aebe-aeb5-46c9-9a5c-17b2b5b852af","block_type":"box","text":"to interest rates. As a result,","page_number":3,"box":{"x":817,"y":328,"width":151,"height":10}},{"id":"ed13517d-447d-423f-a611-9ca368c6ee25","block_type":"box","text":"changes in interest rates can influence the Fund’s NAVs positively or negatively. Changes in the future direction of interest rates are very difficul","page_number":3,"box":{"x":30,"y":342,"width":766,"height":11}},{"id":"a3481797-fc6f-40ae-9aaa-9a6d9ce903bd","block_type":"box","text":"t to predict accurately, and there","page_number":3,"box":{"x":798,"y":342,"width":171,"height":11}},{"id":"8a7f7570-6fe2-4b3c-932b-93865329adcd","block_type":"box","text":"is no assurance that the Fund’s intended leveraging strategy will be successful.","page_number":3,"box":{"x":31,"y":356,"width":432,"height":11}},{"id":"7c5d9b73-5b52-49ec-bb8f-5e706aa2987c","block_type":"box","text":"The use of leverage also generally causes greater changes in the Fund’s NAV, market price and dividend rates than comparable portfolios without lever","page_number":3,"box":{"x":30,"y":381,"width":838,"height":11}},{"id":"b6507bc5-7e45-4eba-8dfe-ae90b312c035","block_type":"box","text":"age. In a declining","page_number":3,"box":{"x":868,"y":381,"width":101,"height":11}},{"id":"f010ae60-44d7-4b66-8f27-670c7b9af66b","block_type":"box","text":"market, leverage is likely to cause a greater decline in the NAV and market price of the Fund’s shares than if the Fund were not leveraged. In addition, th","page_number":3,"box":{"x":31,"y":395,"width":809,"height":11}},{"id":"00284644-7115-4496-946f-05cbe6d32491","block_type":"box","text":"e Fund may be required","page_number":3,"box":{"x":842,"y":395,"width":126,"height":11}},{"id":"c94d25f0-d2c5-45d4-a3c0-bb437fe01d78","block_type":"box","text":"to sell portfolio securities at inopportune times or at distressed values in order to comply with regulatory requirements applicable to the use of lev","page_number":3,"box":{"x":30,"y":409,"width":790,"height":11}},{"id":"23a63763-0ba4-43ae-bca9-72bdac4ea3f0","block_type":"box","text":"erage or as required by the","page_number":3,"box":{"x":821,"y":409,"width":148,"height":11}},{"id":"d2b28db4-cc1c-4942-ad34-2022007d2522","block_type":"box","text":"terms of leverage instruments, which may cause the Fund to incur losses. The use of leverage may limit the Fund’s ability to invest in certain types of se","page_number":3,"box":{"x":30,"y":423,"width":822,"height":11}},{"id":"b997d735-5f60-4d1a-9599-78fda417d9ca","block_type":"box","text":"curities or use certain","page_number":3,"box":{"x":853,"y":423,"width":115,"height":9}},{"id":"cb0557f5-6d19-4cda-9765-0d440a687f79","block_type":"box","text":"types of hedging strategies. The Fund incurs expenses in connection with the use of leverage, all of which are borne by shareholders and may reduce inco","page_number":3,"box":{"x":30,"y":437,"width":884,"height":11}},{"id":"86de1a21-8871-40a4-b4bc-a770403448b7","block_type":"box","text":"me to the","page_number":3,"box":{"x":915,"y":438,"width":54,"height":8}},{"id":"7811dccf-e46f-4348-9433-0b6b6db53e0f","block_type":"box","text":"shareholders. Moreover, to the extent the calculation of the Fund’s investment advisory fees includes assets purchased with the proceeds of leverag","page_number":3,"box":{"x":30,"y":452,"width":796,"height":10}},{"id":"ae230f11-6666-43b3-a0bd-7db022503962","block_type":"box","text":"e, the investment advisory","page_number":3,"box":{"x":828,"y":452,"width":141,"height":10}},{"id":"94a2ed6f-0179-4271-9c62-0e20c5c52796","block_type":"box","text":"fees payable to the Fund’s investment adviser will be higher than if the Fund did not use leverage.","page_number":3,"box":{"x":30,"y":466,"width":535,"height":11}},{"id":"b1fe3bc4-3907-4d0e-9270-5f73ae0c5f56","block_type":"box","text":"The Fund may utilize leverage through a credit facility or reverse repurchase agreements as described in the Notes to Consolidated Financial Stateme","page_number":3,"box":{"x":30,"y":490,"width":822,"height":11}},{"id":"6f2dc3ce-c7a0-4468-a319-810250f1eae2","block_type":"box","text":"nts, if applicable.","page_number":3,"box":{"x":853,"y":490,"width":91,"height":11}},{"id":"04722b79-b2e2-4f84-b023-55bdbe867c3b","block_type":"box","text":"Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Fund is permitted to borrow money (including through the use of TOB Trusts) or","page_number":3,"box":{"x":31,"y":515,"width":878,"height":11}},{"id":"e14a5f57-fa0b-403f-a6fd-ee85de50c595","block_type":"box","text":"issue debt","page_number":3,"box":{"x":913,"y":515,"width":56,"height":8}},{"id":"420abfa4-c171-4b79-a4ef-f6d60d976bff","block_type":"box","text":"securities up to 33 1/3% of its total managed assets. The Fund may voluntarily elect to limit its leverage to less than the maximum amount permitted unde","page_number":3,"box":{"x":30,"y":529,"width":844,"height":11}},{"id":"37c681e7-65ee-4573-9ff0-504128142b7f","block_type":"box","text":"r the 1940 Act. In","page_number":3,"box":{"x":876,"y":529,"width":92,"height":9}},{"id":"08da2653-a2bd-4178-ab9c-8f269e6af24d","block_type":"box","text":"addition, the Fund may also be subject to certain asset coverage, leverage or portfolio composition requirements imposed by its credit facility, whi","page_number":3,"box":{"x":30,"y":543,"width":798,"height":11}},{"id":"f358198d-4c49-49bf-a65b-8cd83f259181","block_type":"box","text":"ch may be more stringent","page_number":3,"box":{"x":829,"y":543,"width":140,"height":11}},{"id":"f6ea7f60-bec6-483b-a763-3f8e3e2f36c0","block_type":"box","text":"than those imposed by the 1940 Act.","page_number":3,"box":{"x":30,"y":557,"width":199,"height":11}},{"id":"172fa395-3c81-4baf-80bc-49f7277f7b5d","block_type":"box","text":"Derivative Financial Instruments","page_number":3,"box":{"x":31,"y":601,"width":272,"height":14}},{"id":"de684df7-8a2d-4964-a756-413b7380f881","block_type":"box","text":"The Fund may invest in various derivative financial instruments. These instruments are used to obtain exposure to a security, commodity, index, mark","page_number":3,"box":{"x":30,"y":641,"width":816,"height":11}},{"id":"3f6bddab-438b-4480-82de-01230470e1dc","block_type":"box","text":"et, and/or other assets","page_number":3,"box":{"x":847,"y":641,"width":122,"height":10}},{"id":"34bc3b79-ab6d-4d00-ae8e-86ffff8fa30c","block_type":"box","text":"without owning or taking physical custody of securities, commodities and/or other referenced assets or to manage market, equity, credit, interest r","page_number":3,"box":{"x":30,"y":655,"width":824,"height":11}},{"id":"2890d531-66b5-48b2-b6e9-451a89b8f5cd","block_type":"box","text":"ate, foreign currency","page_number":3,"box":{"x":854,"y":655,"width":115,"height":11}},{"id":"afdd81b7-b27e-4790-ab54-b8cc6ff7ba29","block_type":"box","text":"exchange rate, commodity and/or other risks. Derivative financial instruments may give rise to a form of economic leverage and involve risks, includ","page_number":3,"box":{"x":30,"y":669,"width":843,"height":11}},{"id":"b7c55149-602e-4cbc-879a-0391637503cc","block_type":"box","text":"ing the imperfect","page_number":3,"box":{"x":875,"y":669,"width":94,"height":11}},{"id":"add95fc9-5256-455e-b308-117156aa0ade","block_type":"box","text":"correlation between the value of a derivative financial instrument and the underlying asset, possible default of the counterparty to the transactio","page_number":3,"box":{"x":30,"y":684,"width":771,"height":11}},{"id":"15b9cde5-4b4f-404b-bd68-e9b6e7cde117","block_type":"box","text":"n or illiquidity of the instrument.","page_number":3,"box":{"x":802,"y":684,"width":166,"height":11}},{"id":"f6be4ecc-fbfb-4aee-ac2d-2bf084b53005","block_type":"box","text":"Pursuant to Rule 18f-4 under the 1940 Act, among other things, the Fund must either use derivative financial instruments with embedded leverage in a li","page_number":3,"box":{"x":31,"y":698,"width":846,"height":11}},{"id":"170bc5da-070c-4126-b7f1-1d9d36d24cbd","block_type":"box","text":"mited manner or","page_number":3,"box":{"x":879,"y":698,"width":91,"height":8}},{"id":"36572b5d-e38e-4671-b7fb-82c507c87efe","block_type":"box","text":"comply with an outer limit on fund leverage risk based on value-at-risk. The Fund’s successful use of a derivative financial instrument depends on the","page_number":3,"box":{"x":30,"y":712,"width":822,"height":11}},{"id":"6af3333d-b160-4548-90b6-f4b0064ce53d","block_type":"box","text":"investment adviser’s","page_number":3,"box":{"x":858,"y":712,"width":111,"height":9}},{"id":"cd274dd3-2b0b-4c3a-81a0-78469a79f256","block_type":"box","text":"ability to predict pertinent market movements accurately, which cannot be assured. The use of these instruments may result in losses greater than if t","page_number":3,"box":{"x":30,"y":726,"width":810,"height":11}},{"id":"0a82b211-8fd2-4e31-a5ac-d3ea20cc1f8f","block_type":"box","text":"hey had not been used,","page_number":3,"box":{"x":841,"y":726,"width":127,"height":11}},{"id":"71fb4d71-1e30-494a-afe5-020105d6134b","block_type":"box","text":"may limit the amount of appreciation the Fund can realize on an investment and/or may result in lower distributions paid to shareholders. The Fund’s in","page_number":3,"box":{"x":31,"y":740,"width":833,"height":11}},{"id":"d18294ad-cc47-4bf2-9cc4-4b9382b1e0b2","block_type":"box","text":"vestments in these","page_number":3,"box":{"x":865,"y":741,"width":104,"height":8}},{"id":"f3c6c2ea-3c46-4eab-951f-6fb6ef1f6e00","block_type":"box","text":"instruments, if any, are discussed in detail in the Notes to Consolidated Financial Statements.","page_number":3,"box":{"x":31,"y":755,"width":509,"height":10}},{"id":"a55eb29d-f29a-41dc-9e1a-7a069dccd8ba","block_type":"box","text":"T","page_number":3,"box":{"x":30,"y":967,"width":6,"height":7}},{"id":"40c431dc-bfd0-4100-a23a-9ff776ce6cfe","block_type":"box","text":"HE","page_number":3,"box":{"x":41,"y":969,"width":14,"height":5}},{"id":"a00915c8-fda5-449f-9a5d-2dbc7b71d224","block_type":"box","text":"B","page_number":3,"box":{"x":67,"y":967,"width":6,"height":7}},{"id":"1fb8b72b-0b72-420d-8916-59d5f7a30f92","block_type":"box","text":"ENEFITS AND","page_number":3,"box":{"x":78,"y":969,"width":90,"height":5}},{"id":"e223bde2-c73b-4ad6-88a1-29f989d5a1df","block_type":"box","text":"R","page_number":3,"box":{"x":180,"y":967,"width":7,"height":7}},{"id":"b60f8197-3dce-48fb-ad84-ee13b850984c","block_type":"box","text":"ISKS OF","page_number":3,"box":{"x":192,"y":969,"width":54,"height":5}},{"id":"e2fe0a30-bbe5-4270-85ab-c2af92288316","block_type":"box","text":"L","page_number":3,"box":{"x":258,"y":967,"width":5,"height":7}},{"id":"48542d0e-41ca-45fe-b90e-1151fc80b0d9","block_type":"box","text":"EVERAGING","page_number":3,"box":{"x":268,"y":969,"width":77,"height":5}},{"id":"140f67d2-4977-4c46-975d-4b9ce650ca9e","block_type":"box","text":"NM0826U-5876566-3/56","page_number":3,"box":{"x":757,"y":969,"width":138,"height":7}},{"id":"a85877fd-a7d4-4434-a489-1a700e12add6","block_type":"box","text":"3","page_number":3,"box":{"x":962,"y":965,"width":6,"height":9}},{"id":"4b082475-a882-47ac-878e-e543f499e666","block_type":"box","text":"Investment Objective","page_number":4,"box":{"x":31,"y":70,"width":149,"height":13}},{"id":"03f676cb-b51c-4f6f-b1db-359d16416f17","block_type":"box","text":"BlackRock HPS Credit Strategies Fund’s (the “Fund”)","page_number":4,"box":{"x":31,"y":97,"width":309,"height":10}},{"id":"8132ac68-3920-45c4-aa5d-52d168561102","block_type":"box","text":"investment objective is to seek to provide attractive risk-adjusted returns, primarily in the form of current income. The","page_number":4,"box":{"x":344,"y":97,"width":625,"height":10}},{"id":"8b41ccfc-7282-4fc4-8d14-eff16210b21a","block_type":"box","text":"Fund seeks to achieve its investment objective by dynamically allocating across a range of private and public credit investments and investment stra","page_number":4,"box":{"x":31,"y":111,"width":802,"height":11}},{"id":"2e351f99-d039-4151-89b9-a4d2daa31b09","block_type":"box","text":"tegies, leveraging the full","page_number":4,"box":{"x":834,"y":111,"width":135,"height":11}},{"id":"2c79f0a9-2e75-44a3-83a4-146421fafaf3","block_type":"box","text":"capabilities of BlackRock’s credit platform, inclusive of HPS Investment Partners (“HPS”), a part of BlackRock. Under normal conditions, the Fund i","page_number":4,"box":{"x":30,"y":125,"width":784,"height":11}},{"id":"0d9eb070-51aa-49ef-9e48-3455862ea62e","block_type":"box","text":"ntends to invest at least 80%","page_number":4,"box":{"x":816,"y":125,"width":153,"height":9}},{"id":"e44fa8d9-3b82-4cbe-81ff-92e60d558387","block_type":"box","text":"of its managed assets in credit-related investments.","page_number":4,"box":{"x":30,"y":139,"width":281,"height":11}},{"id":"3a41682f-32d6-4401-a62e-8c14d4060055","block_type":"box","text":"The Fund’s common shares are not listed on any securities exchange. The Fund is designed for long-term investors, and an investment in the common share","page_number":4,"box":{"x":30,"y":164,"width":875,"height":10}},{"id":"6ccc16f4-409e-482d-b60c-bda2d5bf604b","block_type":"box","text":"s, unlike an","page_number":4,"box":{"x":906,"y":164,"width":63,"height":10}},{"id":"57ce24c1-5b54-4676-8c8a-8bda27641341","block_type":"box","text":"investment in a traditional listed closed-end fund, should be considered illiquid.","page_number":4,"box":{"x":31,"y":178,"width":428,"height":10}},{"id":"13098182-8b76-405c-8b8f-ebb90eb0b2a1","block_type":"box","text":"No assurance can be given that the Fund’s investment objective will be achieved.","page_number":4,"box":{"x":31,"y":202,"width":444,"height":11}},{"id":"db7b7fee-bf3f-40ed-a5a2-f60cb3bb9dcb","block_type":"box","text":"Net Asset Value Per Share Summary","page_number":4,"box":{"x":31,"y":231,"width":259,"height":14}},{"id":"fdafee98-80f6-42fa-96e5-a27f16cc4f3f","block_type":"box","text":"06/30/26 12/31/25 Change High Low","page_number":4,"box":{"x":616,"y":257,"width":320,"height":10}},{"id":"be72b781-56be-4a45-8563-9b1556491097","block_type":"box","text":"Net Asset Value — Institutional","page_number":4,"box":{"x":51,"y":274,"width":149,"height":7}},{"id":"cf0b9b2a-fe7e-4f10-9260-f81d071cf2cd","block_type":"box","text":"..............................................................................","page_number":4,"box":{"x":205,"y":280,"width":389,"height":1}},{"id":"c48d64d4-9759-4692-9f01-962d7accb6f1","block_type":"box","text":"$ 7.98 $ 8.18 (2.44)% $ 8.20 $ 7.98","page_number":4,"box":{"x":616,"y":273,"width":319,"height":10}},{"id":"5bc817a6-7639-44b7-b79e-a86db71e6bd6","block_type":"box","text":"Net Asset Value — Class A","page_number":4,"box":{"x":51,"y":287,"width":131,"height":7}},{"id":"37532f09-6aef-4555-817e-38022e457b38","block_type":"box","text":"..................................................................................","page_number":4,"box":{"x":185,"y":293,"width":409,"height":1}},{"id":"d5d6f22f-8ffd-4f99-8217-d4337b994116","block_type":"box","text":"8.03 8.22 (2.31) 8.23 8.02","page_number":4,"box":{"x":637,"y":287,"width":298,"height":9}},{"id":"f54c881a-98bf-467c-a84b-c44be740b57a","block_type":"box","text":"Net Asset Value — Class J","page_number":4,"box":{"x":51,"y":300,"width":129,"height":7}},{"id":"eb6c4ffa-3ddb-4a72-95be-338445a6dd76","block_type":"box","text":"..................................................................................","page_number":4,"box":{"x":185,"y":306,"width":409,"height":1}},{"id":"949c83b2-6ede-4915-bae9-662eae4c36f6","block_type":"box","text":"8.01 8.20 (2.32) 8.21 8.01","page_number":4,"box":{"x":637,"y":300,"width":296,"height":9}},{"id":"b5269901-e821-404e-b81a-19fd6c1eeb99","block_type":"box","text":"Net Asset Value — Class U","page_number":4,"box":{"x":51,"y":312,"width":131,"height":8}},{"id":"9a36aefb-ed83-4183-93ff-081758934ea2","block_type":"box","text":"..................................................................................","page_number":4,"box":{"x":185,"y":319,"width":409,"height":1}},{"id":"33dc0b98-b3dc-4313-9a1e-e9c6acb97fc0","block_type":"box","text":"8.00 8.19 (2.32) 8.21 7.99","page_number":4,"box":{"x":637,"y":312,"width":298,"height":10}},{"id":"6649a7b4-235c-47cc-a7bc-e18697a7e11f","block_type":"box","text":"Net Asset Value — Class W","page_number":4,"box":{"x":51,"y":325,"width":135,"height":8}},{"id":"8f786d38-dbf8-4163-9608-0b249231c1d3","block_type":"box","text":".................................................................................","page_number":4,"box":{"x":190,"y":332,"width":404,"height":1}},{"id":"bb593bbf-63dd-485a-b8f0-a1139d3b1f4e","block_type":"box","text":"8.03 8.22 (2.31) 8.23 8.03","page_number":4,"box":{"x":637,"y":325,"width":298,"height":10}},{"id":"6c0365b3-8b3e-4096-909c-256fe0146932","block_type":"box","text":"Performance","page_number":4,"box":{"x":31,"y":352,"width":91,"height":11}},{"id":"87af888d-d4b6-40ee-926d-bb041c0be48a","block_type":"box","text":"Returns for the period ended June 30, 2026 were as follows:","page_number":4,"box":{"x":31,"y":381,"width":329,"height":11}},{"id":"7fbfd03a-8073-43a2-9610-bc6182d1eb24","block_type":"box","text":"Average Annual Total Returns","page_number":4,"box":{"x":663,"y":404,"width":145,"height":10}},{"id":"fe37eadf-da69-41f0-a9f1-a75e93947a88","block_type":"box","text":"(a)","page_number":4,"box":{"x":809,"y":403,"width":9,"height":6}},{"id":"7d15343a-a133-496d-8b03-2390cca6776b","block_type":"box","text":"1 Year 5 Years","page_number":4,"box":{"x":586,"y":434,"width":173,"height":7}},{"id":"c89f05a1-05c3-4761-bf59-ccf641adc89a","block_type":"box","text":"Since","page_number":4,"box":{"x":868,"y":421,"width":27,"height":7}},{"id":"bede4f43-3e6a-41e7-8dde-5bb7484a0888","block_type":"box","text":"Inception","page_number":4,"box":{"x":860,"y":434,"width":43,"height":9}},{"id":"a7799c22-ab79-4549-ae5c-707fff22a9e4","block_type":"box","text":"(b)","page_number":4,"box":{"x":904,"y":432,"width":10,"height":6}},{"id":"0988607c-4572-4074-97ce-49637b7bb930","block_type":"box","text":"Standardized","page_number":4,"box":{"x":274,"y":463,"width":64,"height":8}},{"id":"1804d391-9963-48d5-86ad-362a6e0d7dbd","block_type":"box","text":"30-Day Yields","page_number":4,"box":{"x":271,"y":476,"width":67,"height":10}},{"id":"f72f66c8-95f1-4ecc-9014-125d495c189e","block_type":"box","text":"Unsubsidized","page_number":4,"box":{"x":374,"y":463,"width":66,"height":8}},{"id":"86136f1b-59ac-4472-b58a-e3a0cca883cc","block_type":"box","text":"30-Day Yields","page_number":4,"box":{"x":372,"y":476,"width":67,"height":10}},{"id":"80cbd5cb-0088-4f53-ba9a-5865ec215b24","block_type":"box","text":"6-Month","page_number":4,"box":{"x":474,"y":450,"width":39,"height":8}},{"id":"ce513340-bce8-418b-9189-8938fa925dea","block_type":"box","text":"Total","page_number":4,"box":{"x":492,"y":463,"width":22,"height":8}},{"id":"360d5d8f-dfda-49a5-bdfc-a63c8ace3654","block_type":"box","text":"Returns","page_number":4,"box":{"x":475,"y":476,"width":38,"height":8}},{"id":"0d56003e-93ef-4673-85d1-83235641b189","block_type":"box","text":"Without","page_number":4,"box":{"x":548,"y":450,"width":37,"height":8}},{"id":"f86395f7-1a23-4016-b674-d9d9d6b60916","block_type":"box","text":"Sales","page_number":4,"box":{"x":557,"y":463,"width":27,"height":8}},{"id":"25aeef98-eb08-4b61-a5bd-0c0affa536e7","block_type":"box","text":"Charge","page_number":4,"box":{"x":549,"y":476,"width":35,"height":10}},{"id":"d1a6fa74-5abe-4887-8484-8868b183431b","block_type":"box","text":"With","page_number":4,"box":{"x":633,"y":450,"width":21,"height":8}},{"id":"89baab1b-7e48-4a10-87f0-c4c801169549","block_type":"box","text":"Sales","page_number":4,"box":{"x":627,"y":463,"width":27,"height":8}},{"id":"cf0df80f-2fa8-4106-a901-b49988ec99e9","block_type":"box","text":"Charge","page_number":4,"box":{"x":619,"y":476,"width":35,"height":10}},{"id":"e6200c7c-fba9-47ed-8532-04662fe9969f","block_type":"box","text":"Without","page_number":4,"box":{"x":689,"y":450,"width":36,"height":8}},{"id":"e718a4ba-19ba-4c6a-829a-527319a80b12","block_type":"box","text":"Sales","page_number":4,"box":{"x":698,"y":463,"width":27,"height":8}},{"id":"305f77fa-e10c-45c7-a489-de4335cec721","block_type":"box","text":"Charge","page_number":4,"box":{"x":690,"y":476,"width":35,"height":10}},{"id":"49bc81d2-2b08-4a76-8587-15ae9f96d634","block_type":"box","text":"With","page_number":4,"box":{"x":774,"y":450,"width":20,"height":8}},{"id":"394ed6bc-f8e8-4c55-8a86-53a7a1a39ed5","block_type":"box","text":"Sales","page_number":4,"box":{"x":768,"y":463,"width":27,"height":8}},{"id":"588d0f0f-2057-43dc-950d-0846554d1510","block_type":"box","text":"Charge","page_number":4,"box":{"x":759,"y":476,"width":35,"height":10}},{"id":"08748389-6621-4970-9ec2-a6a2a1875d3c","block_type":"box","text":"Without","page_number":4,"box":{"x":829,"y":450,"width":37,"height":8}},{"id":"b0d7914b-4848-45f8-be05-69e3f94b768b","block_type":"box","text":"Sales","page_number":4,"box":{"x":839,"y":463,"width":26,"height":8}},{"id":"01af453a-1400-4bb9-a761-0e3b12ea66a5","block_type":"box","text":"Charge","page_number":4,"box":{"x":830,"y":476,"width":35,"height":10}},{"id":"b859e768-c0d4-43a3-a1b4-da43787cc605","block_type":"box","text":"With","page_number":4,"box":{"x":915,"y":450,"width":20,"height":8}},{"id":"427407a4-59c6-498c-b7ad-bbbf18d2cc8a","block_type":"box","text":"Sales","page_number":4,"box":{"x":908,"y":463,"width":27,"height":8}},{"id":"4d0a65b9-ac84-4572-9b2d-c408b0e5dbc6","block_type":"box","text":"Charge","page_number":4,"box":{"x":900,"y":476,"width":35,"height":10}},{"id":"c0dcb1c2-62f7-456b-b9df-44110fe18e18","block_type":"box","text":"Institutional","page_number":4,"box":{"x":51,"y":493,"width":54,"height":8}},{"id":"f30ed0d9-7bc1-482e-a2f6-6cb99a968b44","block_type":"box","text":"(c)","page_number":4,"box":{"x":106,"y":492,"width":9,"height":6}},{"id":"feed3a40-3043-4d8f-b0f1-e9b7e615035b","block_type":"box","text":"...........................","page_number":4,"box":{"x":117,"y":499,"width":132,"height":1}},{"id":"659770f4-6535-402d-ada3-66c2fe56d6b5","block_type":"box","text":"9.02% 7.91% 2.03% 4.56% N/A 3.47% N/A 5.01% N/A","page_number":4,"box":{"x":317,"y":493,"width":618,"height":8}},{"id":"92cbd8ae-c26e-42c1-82ae-266a7dbcaae0","block_type":"box","text":"Class A","page_number":4,"box":{"x":50,"y":506,"width":37,"height":7}},{"id":"00c26623-8486-4620-8aa0-534f0c5e6c7d","block_type":"box","text":"(c)","page_number":4,"box":{"x":88,"y":504,"width":8,"height":6}},{"id":"9b8eae6c-a37d-4fe6-ace3-80db0ea3a3e9","block_type":"box","text":"..............................","page_number":4,"box":{"x":102,"y":512,"width":147,"height":1}},{"id":"787e9316-1934-4dce-8517-83a230b36f46","block_type":"box","text":"8.12 7.03 1.75 3.98 1.38% 2.79 2.28% 4.29 3.93%","page_number":4,"box":{"x":317,"y":506,"width":627,"height":8}},{"id":"6ecd9bd9-0c2c-4cad-b31f-fc08be1b01fb","block_type":"box","text":"Class J","page_number":4,"box":{"x":50,"y":519,"width":35,"height":7}},{"id":"56e40d4b-2579-4f95-a695-9f9f562701dd","block_type":"box","text":"(c)","page_number":4,"box":{"x":87,"y":517,"width":8,"height":6}},{"id":"60f78834-b672-4883-b58b-91bccb90b6be","block_type":"box","text":"...............................","page_number":4,"box":{"x":97,"y":525,"width":152,"height":1}},{"id":"18135d36-f86a-4572-b68b-f843bafc4ff8","block_type":"box","text":"8.61 7.49 1.88 4.26 1.13 3.00 2.38 4.52 4.08","page_number":4,"box":{"x":317,"y":519,"width":618,"height":7}},{"id":"e086d5ed-54bf-488e-bdb1-97c1dad76f55","block_type":"box","text":"Class U","page_number":4,"box":{"x":50,"y":532,"width":38,"height":7}},{"id":"8edfc22b-f7a8-4215-a94c-8a4f3c54c534","block_type":"box","text":"(c)","page_number":4,"box":{"x":89,"y":530,"width":9,"height":6}},{"id":"a213f8a9-146a-4514-a224-9aa7eb24c35f","block_type":"box","text":"..............................","page_number":4,"box":{"x":102,"y":538,"width":147,"height":1}},{"id":"df23a78d-ffbf-4d84-9faa-86c5a99a4165","block_type":"box","text":"8.22 7.11 1.75 3.86 N/A 2.73 N/A 4.24 N/A","page_number":4,"box":{"x":317,"y":532,"width":618,"height":7}},{"id":"4cc0645c-b7c6-45f6-94ce-fe3ee6c1d84f","block_type":"box","text":"Class W","page_number":4,"box":{"x":50,"y":544,"width":41,"height":8}},{"id":"c45bb653-7fce-4135-97b8-226e31d9a66a","block_type":"box","text":"(c)","page_number":4,"box":{"x":91,"y":543,"width":9,"height":6}},{"id":"e9312690-2b0c-4234-8913-cceb67d22620","block_type":"box","text":"..............................","page_number":4,"box":{"x":102,"y":551,"width":147,"height":1}},{"id":"e8d36a35-bfb0-405f-ba90-69d314411f7c","block_type":"box","text":"8.04 6.97 1.75 3.98 0.34 2.79 2.06 4.29 3.78","page_number":4,"box":{"x":317,"y":545,"width":618,"height":7}},{"id":"36949aad-1aca-4d69-af47-17f8969a1e44","block_type":"box","text":"Morningstar LSTA U.S. Leveraged","page_number":4,"box":{"x":51,"y":561,"width":174,"height":10}},{"id":"8fafa82f-d0f7-4247-acd5-0d7f227d9693","block_type":"box","text":"Loan Index","page_number":4,"box":{"x":64,"y":574,"width":57,"height":8}},{"id":"04f8b831-f610-4f27-b804-c657d7520b41","block_type":"box","text":"(d)","page_number":4,"box":{"x":122,"y":573,"width":9,"height":6}},{"id":"0db24e0b-eba8-4a18-b723-f3933f23709c","block_type":"box","text":".......................","page_number":4,"box":{"x":137,"y":580,"width":112,"height":2}},{"id":"5b91c96d-9da7-421f-b76a-b2bd81ea87db","block_type":"box","text":"— — 1.31 4.36 N/A 6.01 N/A 5.56 N/A","page_number":4,"box":{"x":327,"y":574,"width":608,"height":8}},{"id":"61e3b722-63ed-4a46-b912-a09678060a43","block_type":"box","text":"Bloomberg U.S. Corporate High Yield","page_number":4,"box":{"x":51,"y":587,"width":191,"height":10}},{"id":"acd611d5-35f1-4dbe-81f6-1a403cb605dd","block_type":"box","text":"2% Issuer Capped Index","page_number":4,"box":{"x":64,"y":600,"width":125,"height":9}},{"id":"044b8dd0-ef7a-44ef-bdf7-ff4bec118108","block_type":"box","text":"(e)","page_number":4,"box":{"x":190,"y":599,"width":9,"height":6}},{"id":"222503e2-ac78-4d1d-825e-82412db6a309","block_type":"box","text":"..........","page_number":4,"box":{"x":203,"y":606,"width":46,"height":1}},{"id":"3d738d80-f278-4f27-bae8-0553ea965ccc","block_type":"box","text":"— — 1.96 5.91 N/A 4.17 N/A 5.33 N/A","page_number":4,"box":{"x":327,"y":600,"width":608,"height":8}},{"id":"b814a7fa-5a74-4aa7-9266-d42d604e1106","block_type":"box","text":"(a)","page_number":4,"box":{"x":50,"y":624,"width":9,"height":6}},{"id":"13346457-9f96-4ae9-b6d3-bd4e282d18e4","block_type":"box","text":"Assuming maximum sales charges, if any. Average annual total returns with and without sales charges reflect reductions for distribution and service","page_number":4,"box":{"x":67,"y":625,"width":760,"height":10}},{"id":"8d8786bf-17ca-4881-ae71-69ea80377db2","block_type":"box","text":"fees. See “About Fund","page_number":4,"box":{"x":833,"y":625,"width":115,"height":8}},{"id":"c86f3f8a-2dfc-41d5-8438-09be5cced6dc","block_type":"box","text":"Performance” for a detailed description of share classes, including any related sales charges and fees, and how performance was calculated for certa","page_number":4,"box":{"x":68,"y":637,"width":726,"height":9}},{"id":"f3addefe-5781-4e6f-8526-0e60eaca17c4","block_type":"box","text":"in share classes.","page_number":4,"box":{"x":795,"y":637,"width":81,"height":7}},{"id":"c7457b11-c08b-4d35-b776-7feee7b1c25c","block_type":"box","text":"(b)","page_number":4,"box":{"x":50,"y":648,"width":9,"height":6}},{"id":"db9d5b16-2bd1-4295-a443-709fd5cc7b2a","block_type":"box","text":"The Fund commenced operations on February 28, 2019.","page_number":4,"box":{"x":67,"y":650,"width":275,"height":9}},{"id":"dcfc101c-ef8c-4299-bfe7-426a24894918","block_type":"box","text":"(c)","page_number":4,"box":{"x":50,"y":661,"width":9,"height":6}},{"id":"7ae59208-f53f-4904-806d-8c424d779b57","block_type":"box","text":"All returns reflect reinvestment of dividends and/or distributions at NAV on the payable date and reflect the Fund’s use of leverage, if any. The perfo","page_number":4,"box":{"x":67,"y":662,"width":725,"height":10}},{"id":"7b6f5eba-6176-418b-bd8c-ce667257ba42","block_type":"box","text":"rmance tables do not reflect the","page_number":4,"box":{"x":793,"y":662,"width":156,"height":8}},{"id":"fb4b207c-2d52-4677-a706-75d57f99b985","block_type":"box","text":"deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.","page_number":4,"box":{"x":67,"y":674,"width":472,"height":10}},{"id":"ee154080-c54a-4626-b11a-1a179bbec533","block_type":"box","text":"(d)","page_number":4,"box":{"x":50,"y":686,"width":9,"height":6}},{"id":"c6423b4b-ff51-4902-9a5d-d0a9a4b1562d","block_type":"box","text":"A market-value weighted index designed to measure the performance of the U.S. leveraged loan market.","page_number":4,"box":{"x":67,"y":687,"width":508,"height":10}},{"id":"6ad60282-2d7f-4ba2-8479-590b368247b7","block_type":"box","text":"(e)","page_number":4,"box":{"x":50,"y":698,"width":9,"height":6}},{"id":"76904771-a1f2-46f3-915c-3df345116228","block_type":"box","text":"An unmanaged index comprised of issues that meet the following criteria: at least $150 million par value outstanding; maximum credit rating of Ba1; at","page_number":4,"box":{"x":67,"y":699,"width":719,"height":10}},{"id":"4e04e5ec-35f2-4c17-923a-d674ae911960","block_type":"box","text":"least one year to maturity; and no","page_number":4,"box":{"x":789,"y":700,"width":160,"height":9}},{"id":"512c196d-1e47-4b36-b4b7-bdb31edb8e8b","block_type":"box","text":"issuer represents more than 2% of the index.","page_number":4,"box":{"x":67,"y":711,"width":218,"height":10}},{"id":"37eb9150-f691-4305-a68d-72e7a5e3c0fd","block_type":"box","text":"N/A — Not applicable as share class and index do not have a sales charge.","page_number":4,"box":{"x":31,"y":730,"width":411,"height":10}},{"id":"4facf8fa-2ddb-471e-8624-55610615db70","block_type":"box","text":"Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principl","page_number":4,"box":{"x":31,"y":744,"width":804,"height":11}},{"id":"e57b774c-d911-402d-9c12-d3ce14c55541","block_type":"box","text":"es.","page_number":4,"box":{"x":836,"y":746,"width":16,"height":6}},{"id":"e1ff0452-10f1-4af9-a8ce-c995bc4b04bf","block_type":"box","text":"Past performance is not an indication of future results.","page_number":4,"box":{"x":31,"y":758,"width":294,"height":11}},{"id":"601ebdbb-826a-4989-a727-3fa7a0d6324e","block_type":"box","text":"The Fund is presenting the performance of one or more indices for informational purposes only. The Fund is actively managed and does not seek to track or","page_number":4,"box":{"x":30,"y":782,"width":867,"height":11}},{"id":"436d07e8-5bb4-459a-8cad-61cd3e8c17b1","block_type":"box","text":"replicate the","page_number":4,"box":{"x":902,"y":782,"width":67,"height":11}},{"id":"354b4dd5-094a-4fb3-98fa-4cb0c9e15b5e","block_type":"box","text":"performance of any index. The index performance shown is not intended to be indicative of the Fund’s investment strategies, portfolio components or p","page_number":4,"box":{"x":31,"y":797,"width":868,"height":10}},{"id":"b203c82b-efef-48b4-8f29-928c0835d2eb","block_type":"box","text":"ast or future","page_number":4,"box":{"x":900,"y":797,"width":69,"height":8}},{"id":"169a603a-f8e2-4346-bb6e-dfcdd1d1493a","block_type":"box","text":"performance.","page_number":4,"box":{"x":31,"y":811,"width":71,"height":10}},{"id":"87c058b8-9beb-4330-ac69-8367fc76f521","block_type":"box","text":"Fund Summary","page_number":4,"box":{"x":31,"y":28,"width":129,"height":17}},{"id":"f5110079-ac04-4c03-a6c1-039d0185f32a","block_type":"box","text":"as of June 30, 2026","page_number":4,"box":{"x":180,"y":32,"width":109,"height":10}},{"id":"64fb5701-7dfe-4e64-a197-ab8fd49ad8ae","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":4,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"3e24e1c7-b817-47ba-8af1-1cbe9ab07400","block_type":"box","text":"4","page_number":4,"box":{"x":30,"y":965,"width":7,"height":9}},{"id":"5f385e20-b226-4cc4-905c-f626cde1743c","block_type":"box","text":"2026","page_number":4,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"0288c1e0-55a0-4554-9969-ab2a469b1bf2","block_type":"box","text":"B","page_number":4,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"148b2b58-738c-44c9-b5a2-5ec134328d60","block_type":"box","text":"LACK","page_number":4,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"8b66a999-706c-4c7b-9f11-d0a35300fe38","block_type":"box","text":"R","page_number":4,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"f07c73e9-01d7-4b00-b6ce-d288baa6e7ec","block_type":"box","text":"OCK","page_number":4,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"97a95af3-1438-4e10-b6aa-ab3360dd3e47","block_type":"box","text":"S","page_number":4,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"222bada8-2ac5-4704-bfb4-4033567cbc54","block_type":"box","text":"EMI","page_number":4,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"25e79b71-4f02-4cc0-9833-88f5ffa27392","block_type":"box","text":"-A","page_number":4,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"d868af2c-a720-4d0f-92fb-f8ebcc227b8e","block_type":"box","text":"NNUAL","page_number":4,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"24c62a32-5b54-4163-8cfb-7efc135a040e","block_type":"box","text":"NM0826U-5876566-4/56 R EPORT TO S HAR","page_number":4,"box":{"x":757,"y":969,"width":138,"height":7}},{"id":"b41e791a-a009-49da-b625-c13397b9038c","block_type":"box","text":"NM\r\nR","page_number":4,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"1139d00f-b2c1-4da9-821c-1617520085ca","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":4,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"b58ef3fe-38a7-4732-a27d-88af45797d0c","block_type":"box","text":"66\r\nS","page_number":4,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"f274d68c-9f79-49b5-a290-caed4e2ad692","block_type":"box","text":"-4/56 \r\nHAREHOLDERS","page_number":4,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"21ec435f-c913-4e22-81d6-cb379eb7b299","block_type":"box","text":"The following discussion relates to the Fund’s absolute performance based on NAV:","page_number":5,"box":{"x":30,"y":69,"width":494,"height":11}},{"id":"a1a04e13-8d8f-49c9-9b6c-f1776075bc0e","block_type":"box","text":"What factors influenced performance?","page_number":5,"box":{"x":30,"y":95,"width":264,"height":13}},{"id":"637c9e09-6e20-4f3d-855f-42b8676d85d7","block_type":"box","text":"Contributions to the Fund’s performance were led by the direct lending portion of the portfolio, followed by holdings of performing liquid credit. Ex","page_number":5,"box":{"x":30,"y":111,"width":782,"height":11}},{"id":"8823c10d-a5a6-4371-b0c8-2ae705ce8dde","block_type":"box","text":"posure to opportunistic credit","page_number":5,"box":{"x":813,"y":111,"width":156,"height":11}},{"id":"f0148a62-9b17-49df-b0e8-0c211671109b","block_type":"box","text":"and structured credit instruments also contributed positively to return.","page_number":5,"box":{"x":30,"y":126,"width":378,"height":10}},{"id":"2df08af6-0d94-4a82-8349-ce6a173242da","block_type":"box","text":"There were no material detractors over the period.","page_number":5,"box":{"x":30,"y":150,"width":274,"height":11}},{"id":"ef3fe4c3-9f9f-4544-a862-4c732153dbd4","block_type":"box","text":"The Fund may use derivatives for the purpose of risk management and hedging. Derivatives were not a significant driver of performance over the period.","page_number":5,"box":{"x":30,"y":175,"width":834,"height":10}},{"id":"a919760c-e710-4d28-8f58-0fbb01e6aaaa","block_type":"box","text":"Describe recent portfolio activity.","page_number":5,"box":{"x":31,"y":200,"width":225,"height":13}},{"id":"ca2b7d77-fca1-4440-9a70-857dc8d5d795","block_type":"box","text":"Over the period, the Fund continued repositioning the portfolio with the goal of creating a more diversified and targeted portfolio across public and","page_number":5,"box":{"x":30,"y":216,"width":788,"height":11}},{"id":"8f3e1302-852b-4ce8-958b-1e082c6cb7a1","block_type":"box","text":"private credit markets. This","page_number":5,"box":{"x":823,"y":217,"width":146,"height":10}},{"id":"4a3af76a-522c-48cb-ae1b-7be74b09d12f","block_type":"box","text":"included ongoing diversification in direct lending through new investments originated through the HPS platform that focused on large and upper midd","page_number":5,"box":{"x":31,"y":231,"width":838,"height":10}},{"id":"6fc1185e-c571-4980-8a93-a8c07f864ce3","block_type":"box","text":"le market issuers.","page_number":5,"box":{"x":870,"y":231,"width":98,"height":8}},{"id":"f257b98c-6e8c-4fed-831d-f19ef95b1b80","block_type":"box","text":"Repositioning of the public portion of the portfolio was largely completed, with a transition to a relative value-driven multi-asset allocation bas","page_number":5,"box":{"x":31,"y":245,"width":775,"height":11}},{"id":"6c24ac78-ac68-45a8-8923-6102bdb3309a","block_type":"box","text":"ed on bottom-up fundamental","page_number":5,"box":{"x":807,"y":245,"width":161,"height":11}},{"id":"37b748a9-147f-4990-9a96-9f3126b58b1f","block_type":"box","text":"credit selection with a focus on income generation and downside protection. This repositioning reduced the number of issuers in the performing liqui","page_number":5,"box":{"x":30,"y":259,"width":801,"height":11}},{"id":"e3256eb9-d425-478c-b997-1e8a43da48af","block_type":"box","text":"d credit strategy, reduced","page_number":5,"box":{"x":832,"y":259,"width":137,"height":11}},{"id":"79a424e0-31cd-435b-b5f3-b06627e2c766","block_type":"box","text":"issuer concentration in the opportunistic credit strategy, and improved overall portfolio yield.","page_number":5,"box":{"x":31,"y":273,"width":498,"height":11}},{"id":"9935858a-d80e-4650-882e-98090fe2bbb8","block_type":"box","text":"Describe portfolio positioning at period end.","page_number":5,"box":{"x":31,"y":299,"width":303,"height":12}},{"id":"b20e977f-7262-4a8d-8f3c-105f9a0f7f79","block_type":"box","text":"At period-end, the Fund was diversified across direct lending, performing liquid credit, opportunistic credit and structured credit. The portfoli","page_number":5,"box":{"x":30,"y":315,"width":787,"height":11}},{"id":"0f832764-f71f-46e5-ab05-396f455dda98","block_type":"box","text":"o is focused on generating","page_number":5,"box":{"x":818,"y":315,"width":151,"height":11}},{"id":"17ddbaff-eee9-452b-af9e-e773b5c957ea","block_type":"box","text":"consistent income and total returns while maintaining flexibility to capitalize on shifts in relative value across asset classes.","page_number":5,"box":{"x":30,"y":329,"width":669,"height":11}},{"id":"363a4634-c39d-4024-8693-da934dd54ef1","block_type":"box","text":"The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or othe","page_number":5,"box":{"x":31,"y":354,"width":856,"height":11}},{"id":"36b9867d-b9ab-4767-9b1b-57b564d1c260","block_type":"box","text":"r conditions.","page_number":5,"box":{"x":888,"y":354,"width":65,"height":8}},{"id":"42a9c3e8-9c2d-41b5-9569-e0ce3f69f0a6","block_type":"box","text":"These views are not intended to be a forecast of future events and are no guarantee of future results.","page_number":5,"box":{"x":31,"y":368,"width":552,"height":11}},{"id":"2871a3c1-54c8-45db-b044-afe9bb24a908","block_type":"box","text":"Overview of the Fund’s Total Investments","page_number":5,"box":{"x":30,"y":397,"width":296,"height":10}},{"id":"5586d5cc-50c3-4ce6-a715-5750378a0a46","block_type":"box","text":"PORTFOLIO COMPOSITION","page_number":5,"box":{"x":169,"y":424,"width":161,"height":9}},{"id":"e44f72d3-1cb6-4356-b0a6-a7b71e9dedd5","block_type":"box","text":"Investment Type","page_number":5,"box":{"x":30,"y":458,"width":80,"height":10}},{"id":"c0d95b9d-8914-4969-b986-d9f31da8102e","block_type":"box","text":"Percent of Total","page_number":5,"box":{"x":393,"y":444,"width":77,"height":8}},{"id":"f7a2a30b-ed70-4e3a-8f0b-8e2449f54d36","block_type":"box","text":"Investments","page_number":5,"box":{"x":410,"y":458,"width":59,"height":8}},{"id":"8b318dee-2959-4c41-88a3-7ece9af0e8b2","block_type":"box","text":"(a)","page_number":5,"box":{"x":470,"y":457,"width":9,"height":6}},{"id":"3b778d36-2a3f-41cf-acdf-9c008805dab5","block_type":"box","text":"Floating Rate Loan Interests","page_number":5,"box":{"x":31,"y":477,"width":137,"height":9}},{"id":"eafbb13c-238d-4e43-aae3-0671b7e3ef01","block_type":"box","text":".........................................","page_number":5,"box":{"x":169,"y":483,"width":203,"height":1}},{"id":"15cf89fa-33ed-4b1a-a2a8-ee5a2c95ec7f","block_type":"box","text":"82.6%","page_number":5,"box":{"x":448,"y":477,"width":30,"height":8}},{"id":"1f851b95-3e90-487f-a9af-1f415c7a2058","block_type":"box","text":"Corporate Bonds","page_number":5,"box":{"x":30,"y":491,"width":83,"height":10}},{"id":"7c181dee-75cd-4244-b5e0-1012e388ef2c","block_type":"box","text":"...................................................","page_number":5,"box":{"x":119,"y":497,"width":253,"height":1}},{"id":"ee96b621-2da0-47a4-a7e0-bdd1c2c4b665","block_type":"box","text":"9.0","page_number":5,"box":{"x":454,"y":491,"width":14,"height":8}},{"id":"a23ec6ed-942b-458e-8837-5dca1454e4eb","block_type":"box","text":"Asset-Backed Securities","page_number":5,"box":{"x":30,"y":505,"width":119,"height":8}},{"id":"0c2b54a6-9204-4c15-8210-966298fa89cf","block_type":"box","text":"............................................","page_number":5,"box":{"x":154,"y":512,"width":218,"height":1}},{"id":"ef315d7a-9f9b-4dff-831d-eb273458e5f3","block_type":"box","text":"7.2","page_number":5,"box":{"x":454,"y":505,"width":14,"height":8}},{"id":"89f15598-9316-4c56-b237-e74e754a08bd","block_type":"box","text":"Other*","page_number":5,"box":{"x":30,"y":519,"width":31,"height":8}},{"id":"a652259b-0c1d-49c5-8361-af371ab5d77f","block_type":"box","text":"..............................................................","page_number":5,"box":{"x":63,"y":526,"width":309,"height":1}},{"id":"1cda597e-02f5-40d9-88fb-c2d23f37743d","block_type":"box","text":"1.2","page_number":5,"box":{"x":455,"y":519,"width":13,"height":8}},{"id":"03c5c8fa-5569-4b9b-a4b7-cb5e15aa77bc","block_type":"box","text":"CREDIT QUALITY ALLOCATION","page_number":5,"box":{"x":648,"y":424,"width":182,"height":10}},{"id":"082a005b-f03a-4713-b762-70942d75585d","block_type":"box","text":"Credit Rating","page_number":5,"box":{"x":520,"y":458,"width":64,"height":10}},{"id":"6a3bb5f3-e42a-4d99-adc1-bf4a419dcc5c","block_type":"box","text":"(b)","page_number":5,"box":{"x":584,"y":457,"width":9,"height":6}},{"id":"c2e2e7c8-df36-4696-991e-10d8d74221ea","block_type":"box","text":"Percent of Total","page_number":5,"box":{"x":883,"y":444,"width":76,"height":8}},{"id":"cbe34068-7cee-4861-a54a-7f26c8b8361f","block_type":"box","text":"Investments","page_number":5,"box":{"x":900,"y":458,"width":59,"height":8}},{"id":"ed83d7cc-682c-42a5-a28b-111051352ec2","block_type":"box","text":"(a)","page_number":5,"box":{"x":959,"y":457,"width":9,"height":6}},{"id":"53e6e44e-f547-43ab-afaa-8000f3391466","block_type":"box","text":"AAA/Aaa","page_number":5,"box":{"x":519,"y":477,"width":45,"height":7}},{"id":"af79624d-ef64-4786-bbf9-89a1b4bc6857","block_type":"box","text":"...........................................................","page_number":5,"box":{"x":568,"y":483,"width":294,"height":1}},{"id":"41abcb0e-cf27-44fe-9f8f-3e2408f29858","block_type":"box","text":"0.3%","page_number":5,"box":{"x":944,"y":477,"width":24,"height":8}},{"id":"15cc25df-012d-44c8-9341-bb7433cd1688","block_type":"box","text":"AA/Aa","page_number":5,"box":{"x":519,"y":491,"width":31,"height":8}},{"id":"8780eb86-16e7-4432-82ea-67df761fd9cb","block_type":"box","text":"..............................................................","page_number":5,"box":{"x":553,"y":497,"width":309,"height":1}},{"id":"daaed788-036e-42a3-a3c3-2d9039fd2e8e","block_type":"box","text":"0.7","page_number":5,"box":{"x":944,"y":491,"width":14,"height":8}},{"id":"5b848476-5aba-4851-8170-be3c832d332f","block_type":"box","text":"A","page_number":5,"box":{"x":519,"y":505,"width":8,"height":8}},{"id":"97e25533-8533-4aa4-8ce8-a1eea5ee37ef","block_type":"box","text":"...................................................................","page_number":5,"box":{"x":528,"y":512,"width":334,"height":1}},{"id":"dfe0cd4d-24e7-4780-9cb8-d4cc8cc3b612","block_type":"box","text":"1.9","page_number":5,"box":{"x":945,"y":505,"width":13,"height":8}},{"id":"1846e38a-8fa3-493b-9c3f-2f493174c5eb","block_type":"box","text":"BBB/Baa","page_number":5,"box":{"x":520,"y":519,"width":44,"height":8}},{"id":"20334bd9-fab7-4422-8662-9e6d541fcf29","block_type":"box","text":"...........................................................","page_number":5,"box":{"x":568,"y":526,"width":294,"height":1}},{"id":"8d0ee7df-ea1b-4ab3-8efd-32aa573e1f82","block_type":"box","text":"2.3","page_number":5,"box":{"x":944,"y":519,"width":14,"height":8}},{"id":"03ccfc3d-ea57-464d-a29b-84a6d2d23d36","block_type":"box","text":"BB/Ba","page_number":5,"box":{"x":520,"y":534,"width":30,"height":7}},{"id":"2f249678-b1c6-4066-bfed-bcc1343dc322","block_type":"box","text":"..............................................................","page_number":5,"box":{"x":553,"y":540,"width":309,"height":1}},{"id":"7b3f7d8d-88cb-42fd-aa92-18746f9707b3","block_type":"box","text":"4.4","page_number":5,"box":{"x":943,"y":534,"width":15,"height":7}},{"id":"324b98fb-38b9-474a-a28d-539eea1b36a7","block_type":"box","text":"B","page_number":5,"box":{"x":520,"y":548,"width":6,"height":7}},{"id":"ffa4cf5a-fe45-4e32-b45a-a788b6ef5bc9","block_type":"box","text":"...................................................................","page_number":5,"box":{"x":528,"y":554,"width":334,"height":1}},{"id":"81787e2b-f267-40d9-b137-9ef5437bc0ae","block_type":"box","text":"39.9","page_number":5,"box":{"x":938,"y":548,"width":20,"height":7}},{"id":"e11dc028-6a29-4369-a0b7-5a40489fe051","block_type":"box","text":"CCC/Caa","page_number":5,"box":{"x":520,"y":562,"width":46,"height":8}},{"id":"71eb3858-62df-405e-b7e7-783c572827c2","block_type":"box","text":"...........................................................","page_number":5,"box":{"x":568,"y":568,"width":294,"height":1}},{"id":"6b9aae5f-4b32-497a-9a45-6b641b661bf0","block_type":"box","text":"4.6","page_number":5,"box":{"x":943,"y":562,"width":15,"height":8}},{"id":"2f8c7fc0-6ba4-4493-a788-974af7260bc9","block_type":"box","text":"CC","page_number":5,"box":{"x":520,"y":576,"width":15,"height":8}},{"id":"d1aed009-d889-4292-8498-344510e99100","block_type":"box","text":".................................................................","page_number":5,"box":{"x":538,"y":582,"width":324,"height":2}},{"id":"f595cc00-ae7e-4151-bc28-a29ffdacb6dd","block_type":"box","text":"0.8","page_number":5,"box":{"x":944,"y":576,"width":14,"height":8}},{"id":"a27206b4-a9c0-4ff5-b62d-c48087e7b12e","block_type":"box","text":"C","page_number":5,"box":{"x":520,"y":590,"width":7,"height":8}},{"id":"d70a2c44-b175-446c-93ad-3cb312a54ff6","block_type":"box","text":"..................................................................","page_number":5,"box":{"x":533,"y":597,"width":329,"height":1}},{"id":"cc4f667a-eee0-4aff-89df-457992723544","block_type":"box","text":"0.1","page_number":5,"box":{"x":944,"y":590,"width":13,"height":8}},{"id":"53606578-068f-4b26-ad81-37729ce654bd","block_type":"box","text":"N/R","page_number":5,"box":{"x":520,"y":604,"width":18,"height":8}},{"id":"1af717fe-8cd6-456b-bef7-40caa2bbb7a6","block_type":"box","text":"................................................................","page_number":5,"box":{"x":543,"y":611,"width":319,"height":1}},{"id":"4323e9fc-22fd-4663-b80a-e3ecb689aa0d","block_type":"box","text":"45.0","page_number":5,"box":{"x":937,"y":605,"width":21,"height":7}},{"id":"546cc744-ce50-49b6-8ed4-53a6ed9cf1bb","block_type":"box","text":"(a)","page_number":5,"box":{"x":30,"y":626,"width":9,"height":6}},{"id":"2cd9565a-8beb-415e-a00d-e7277a8ca117","block_type":"box","text":"Excludes short-term securities, short investments and options, if any.","page_number":5,"box":{"x":47,"y":627,"width":333,"height":10}},{"id":"be2cc077-7986-4e32-a587-a9b36f00d81f","block_type":"box","text":"(b)","page_number":5,"box":{"x":30,"y":639,"width":9,"height":6}},{"id":"3f0bf194-8305-4b9c-b7d8-02ad24a5d73e","block_type":"box","text":"For purposes of this report, credit quality ratings shown above reflect the highest rating assigned by either S&P Global Ratings or Moody’s Investors","page_number":5,"box":{"x":47,"y":640,"width":719,"height":10}},{"id":"2994c096-74fc-4e08-b9ef-beadb1563dcd","block_type":"box","text":"Service, Inc. if ratings differ. These rating","page_number":5,"box":{"x":770,"y":640,"width":199,"height":10}},{"id":"23669e17-6a63-43ff-9d5b-932f44f013ec","block_type":"box","text":"agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit rating","page_number":5,"box":{"x":47,"y":652,"width":688,"height":9}},{"id":"8d7d3094-e26d-4288-a8c3-5f057c534923","block_type":"box","text":"s of BBB/Baa or higher. Below investment grade","page_number":5,"box":{"x":736,"y":651,"width":233,"height":10}},{"id":"969da85d-17c8-445e-bc31-3263b63b81ea","block_type":"box","text":"ratings are credit ratings of BB/Ba or lower. Investments designated N/R are not rated by either rating agency. Unrated investments do not necessaril","page_number":5,"box":{"x":47,"y":663,"width":721,"height":10}},{"id":"2e25aef9-1e21-48ec-b78a-eb13b0dcb0f1","block_type":"box","text":"y indicate low credit quality. Credit quality","page_number":5,"box":{"x":769,"y":663,"width":200,"height":10}},{"id":"2c95d843-6297-43d8-b7ce-11d74ef92aee","block_type":"box","text":"ratings are subject to change.","page_number":5,"box":{"x":47,"y":675,"width":143,"height":9}},{"id":"db1b1b20-8fd8-4506-bc95-ed413593c1a7","block_type":"box","text":"* Includes one or more investment categories that individually represents less than 1.0% of the Fund’s total investments. Please refer to the Consoli","page_number":5,"box":{"x":30,"y":688,"width":727,"height":9}},{"id":"afb85bd4-1b80-46ac-9c41-4eea1ac50cb4","block_type":"box","text":"dated Schedule of Investments for details.","page_number":5,"box":{"x":758,"y":688,"width":204,"height":7}},{"id":"9744ef45-d2cd-4373-95e4-11a0d7ddb4e1","block_type":"box","text":"Fund Summary","page_number":5,"box":{"x":31,"y":28,"width":129,"height":17}},{"id":"94ad22e1-5167-4588-8bb8-648dfa32f09e","block_type":"box","text":"as of June 30, 2026 (continued)","page_number":5,"box":{"x":180,"y":32,"width":176,"height":11}},{"id":"fbb005ed-7d3c-486d-8caf-3d31ceb74ca4","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":5,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"c15a02c4-0682-4e68-84d4-6f92ac378a87","block_type":"box","text":"F","page_number":5,"box":{"x":31,"y":967,"width":5,"height":7}},{"id":"0dbfc503-0a7a-4a4d-9134-a57f556cd873","block_type":"box","text":"UND","page_number":5,"box":{"x":41,"y":969,"width":24,"height":5}},{"id":"8be46bf2-15e7-4453-be48-b14b5dd27a9c","block_type":"box","text":"S","page_number":5,"box":{"x":77,"y":967,"width":6,"height":7}},{"id":"b9f95e71-9409-428b-9bcc-38a2e97789cd","block_type":"box","text":"UMMARY","page_number":5,"box":{"x":88,"y":969,"width":53,"height":5}},{"id":"d1795008-b70c-42ad-8d3e-207be6884a54","block_type":"box","text":"NM0826U-5876566-5/56","page_number":5,"box":{"x":757,"y":969,"width":138,"height":7}},{"id":"13ced30d-aa63-40e1-b7fa-8eda0c48d5e6","block_type":"box","text":"5","page_number":5,"box":{"x":962,"y":965,"width":6,"height":9}},{"id":"1eed3537-e75a-4661-842c-2e95b57f2109","block_type":"box","text":"About Fund Performance","page_number":6,"box":{"x":30,"y":28,"width":214,"height":13}},{"id":"bd6c59f5-08bb-4308-ac34-db6ec852e9ad","block_type":"box","text":"Institutional Shares","page_number":6,"box":{"x":31,"y":70,"width":113,"height":9}},{"id":"8cec82d6-11b0-44ba-a06f-8f14770bb86a","block_type":"box","text":"are not subject to any sales charge. These shares bear no ongoing distribution or service fees but are only available through the Fund’s distributor or","page_number":6,"box":{"x":148,"y":70,"width":805,"height":11}},{"id":"098afb8c-48c7-4466-b698-9a7d747b1dc1","block_type":"box","text":"an","page_number":6,"box":{"x":956,"y":72,"width":13,"height":7}},{"id":"de3c2b21-2f03-4f1d-b811-b7dd52f662db","block_type":"box","text":"asset-based fee program sponsored by a registered broker-dealer or registered investment adviser (also known as a “wrap fee” program) that has an agr","page_number":6,"box":{"x":30,"y":84,"width":851,"height":11}},{"id":"eb0495e8-336c-4bc7-a41d-e93d18d4dad5","block_type":"box","text":"eement with the","page_number":6,"box":{"x":881,"y":84,"width":88,"height":9}},{"id":"c0c17ed7-0656-4af7-82eb-e1a7c0323569","block_type":"box","text":"Fund’s distributor.","page_number":6,"box":{"x":31,"y":99,"width":96,"height":8}},{"id":"e48b26c2-8856-4397-af13-a90ac4d615e9","block_type":"box","text":"Class A Shares","page_number":6,"box":{"x":30,"y":123,"width":90,"height":8}},{"id":"95497339-c68f-4915-a8f8-c9ecba6dc40b","block_type":"box","text":"are subject to a maximum initial sales charge (front-end load) of 2.50% and servicing and distribution fee of 0.75% per year. A contingent deferred sal","page_number":6,"box":{"x":126,"y":123,"width":829,"height":11}},{"id":"295140f5-8ebd-46a5-804b-d675d79e03ba","block_type":"box","text":"es","page_number":6,"box":{"x":957,"y":125,"width":12,"height":6}},{"id":"90434661-bdf8-4eb9-8e78-df200583799f","block_type":"box","text":"charge of 1.50% is assessed on Fund repurchases of Class A Shares made within 18 months after purchase where no initial sales load was paid at the time of p","page_number":6,"box":{"x":30,"y":137,"width":855,"height":11}},{"id":"26e83a75-cc93-4b0e-a636-90af46d21a9e","block_type":"box","text":"urchase as part","page_number":6,"box":{"x":886,"y":137,"width":83,"height":11}},{"id":"a426066f-c6be-4330-b54b-24f322cd5d55","block_type":"box","text":"of an investment of $250,000 or more. Class A Shares performance shown prior to the Class A Shares inception date of April 1, 2020 is that of Institutiona","page_number":6,"box":{"x":30,"y":151,"width":825,"height":11}},{"id":"ce357754-5be0-4171-a052-a9e122d536e1","block_type":"box","text":"l Shares (which have","page_number":6,"box":{"x":857,"y":151,"width":112,"height":11}},{"id":"d87919c3-5d74-4024-8ebc-b8e597ea01af","block_type":"box","text":"no distribution or service fees) and was restated to reflect Class A Shares fees.","page_number":6,"box":{"x":31,"y":165,"width":430,"height":11}},{"id":"7bc89666-0e09-4ab6-af8e-4ded2310c8bc","block_type":"box","text":"Class J Shares","page_number":6,"box":{"x":30,"y":190,"width":86,"height":8}},{"id":"aa920285-c89a-434e-bcc5-33ef0fc10729","block_type":"box","text":"are subject to a maximum initial sales charge (front-end load) of 3.00% and servicing and distribution fee of 0.50% per year. These shares are availabl","page_number":6,"box":{"x":121,"y":190,"width":815,"height":11}},{"id":"7402241a-a22f-43fe-86fe-6e565563cd85","block_type":"box","text":"e only","page_number":6,"box":{"x":937,"y":190,"width":32,"height":11}},{"id":"611d0a9a-88c3-4c7f-b8f8-6c3631f37e0d","block_type":"box","text":"through brokerage, transactional-based accounts and to clients of financial intermediaries with which the Fund has a selling agreement to distribu","page_number":6,"box":{"x":30,"y":204,"width":807,"height":11}},{"id":"eb94fcca-1822-4701-a7a0-2c433ba6ac7f","block_type":"box","text":"te such shares. Class J","page_number":6,"box":{"x":839,"y":204,"width":129,"height":9}},{"id":"5f38710f-1bf4-43fb-8343-98a077553bd2","block_type":"box","text":"Shares performance shown prior to the Class J Shares inception date of November 19, 2024 is that of Institutional Shares (which have no distribution or","page_number":6,"box":{"x":30,"y":218,"width":818,"height":11}},{"id":"4ac8af3d-ea14-44e4-9e7a-6e47485d5f2e","block_type":"box","text":"service fees) and was","page_number":6,"box":{"x":852,"y":218,"width":117,"height":11}},{"id":"eec6189c-641a-46db-805f-92b2ba96a0ae","block_type":"box","text":"restated to reflect Class J Shares fees.","page_number":6,"box":{"x":31,"y":232,"width":211,"height":9}},{"id":"dde234ae-4c4d-4857-a5da-39cd4502652d","block_type":"box","text":"Class U Shares","page_number":6,"box":{"x":30,"y":257,"width":88,"height":9}},{"id":"66ab2942-e9ce-4e38-a0cb-4462b2da2139","block_type":"box","text":"are not subject to any sales charge. These shares are subject to a servicing and distribution fee of 0.75% per year. These shares are available only to cl","page_number":6,"box":{"x":122,"y":257,"width":820,"height":11}},{"id":"2e473bb3-4109-4f14-8147-91e199da4c46","block_type":"box","text":"ients","page_number":6,"box":{"x":944,"y":257,"width":25,"height":9}},{"id":"3dcdb071-9905-4314-867c-902d262881f7","block_type":"box","text":"of financial intermediaries with which the Fund has a selling agreement to distribute such shares. Class U Shares performance shown prior to the Class","page_number":6,"box":{"x":30,"y":271,"width":830,"height":11}},{"id":"da2457be-8859-4420-a47a-7e662e5efd1b","block_type":"box","text":"U Shares inception","page_number":6,"box":{"x":866,"y":271,"width":103,"height":11}},{"id":"ec0a57f1-8fd5-4a5b-b241-54779e4462b6","block_type":"box","text":"date of July 9, 2021 is that of Institutional Shares (which have no distribution or service fees) and was restated to reflect Class U Shares fees.","page_number":6,"box":{"x":30,"y":285,"width":773,"height":11}},{"id":"c24c448c-310c-4bef-a36d-375c1e35b132","block_type":"box","text":"Class W Shares","page_number":6,"box":{"x":30,"y":310,"width":91,"height":8}},{"id":"853b0ef2-7a17-4be3-bdd0-07d1fe9406fc","block_type":"box","text":"are subject to a maximum initial sales charge (front-end load) of 3.50% and servicing and distribution fee of 0.75% per year. These shares are availabl","page_number":6,"box":{"x":125,"y":310,"width":811,"height":11}},{"id":"cc406070-148a-4acb-aff2-31e83a6c1ec9","block_type":"box","text":"e only","page_number":6,"box":{"x":937,"y":310,"width":32,"height":11}},{"id":"def02a3c-dd17-430c-84d5-b1a5ed955935","block_type":"box","text":"through brokerage, transactional-based accounts. Class W Shares performance shown prior to the Class W Shares inception date of July 9, 2021 is that o","page_number":6,"box":{"x":30,"y":324,"width":828,"height":11}},{"id":"75527aec-f42f-49b7-869c-275038c1f040","block_type":"box","text":"f Institutional Shares","page_number":6,"box":{"x":859,"y":324,"width":110,"height":9}},{"id":"5893ffab-2cfc-4a6c-ba56-96bc8224f323","block_type":"box","text":"(which have no distribution or service fees) and was restated to reflect Class W Shares fees.","page_number":6,"box":{"x":30,"y":338,"width":505,"height":11}},{"id":"12e53273-3089-48a5-870a-b13d399b55fd","block_type":"box","text":"Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has b","page_number":6,"box":{"x":31,"y":363,"width":820,"height":11}},{"id":"34195c5f-60c4-4377-998e-a6d98e5d7584","block_type":"box","text":"een disrupted. These","page_number":6,"box":{"x":852,"y":363,"width":117,"height":10}},{"id":"c5bc946b-b5f3-4490-9434-58cb5dd51673","block_type":"box","text":"circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of the Fund’s investments. As a r","page_number":6,"box":{"x":30,"y":377,"width":866,"height":11}},{"id":"69c3a050-45f2-4271-90c9-0b1ddec5a33a","block_type":"box","text":"esult, current","page_number":6,"box":{"x":897,"y":377,"width":72,"height":10}},{"id":"097cdb87-ebc8-4ce4-b924-bb6fa01f7717","block_type":"box","text":"performance may be lower or higher than the performance data quoted. Refer to","page_number":6,"box":{"x":31,"y":391,"width":463,"height":11}},{"id":"70343f98-3a89-443d-80f1-32a6ead84d5f","block_type":"box","text":"blackrock.com","page_number":6,"box":{"x":501,"y":391,"width":85,"height":9}},{"id":"82e919b2-3c20-4570-b308-cecf42e51c1a","block_type":"box","text":"to obtain performance data current to the most recent month-end.","page_number":6,"box":{"x":592,"y":391,"width":376,"height":11}},{"id":"0c22febe-b006-48ce-abb5-b8ee42e481e9","block_type":"box","text":"Performance results do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Figures","page_number":6,"box":{"x":31,"y":405,"width":860,"height":11}},{"id":"630c3934-3cf0-4372-94c4-496ee450b379","block_type":"box","text":"shown in the","page_number":6,"box":{"x":897,"y":405,"width":72,"height":9}},{"id":"402b69f9-42ad-4e9e-9319-466c76c9b968","block_type":"box","text":"performance table(s) assume reinvestment of all distributions, if any, at net asset value (\"NAV\") on the ex-dividend date or payable date, as applica","page_number":6,"box":{"x":31,"y":419,"width":795,"height":11}},{"id":"c464bffc-b28d-4488-8727-a8784db2586c","block_type":"box","text":"ble. Investment return and","page_number":6,"box":{"x":827,"y":420,"width":142,"height":8}},{"id":"4a349c0b-9297-44a2-afbd-a5613453cac0","block_type":"box","text":"principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Distributions paid to each c","page_number":6,"box":{"x":31,"y":434,"width":814,"height":10}},{"id":"6d596bca-dd7c-4c78-a3b5-b83441e77f2a","block_type":"box","text":"lass of shares will vary","page_number":6,"box":{"x":846,"y":434,"width":123,"height":10}},{"id":"7293c03b-156b-4e54-806c-21f623a7bbfb","block_type":"box","text":"because of the different levels of service, distribution and transfer agency fees applicable to each class, which are deducted from the income availa","page_number":6,"box":{"x":31,"y":448,"width":842,"height":11}},{"id":"4d87d01b-f26d-4cc8-b82b-793bb81f9168","block_type":"box","text":"ble to be paid to","page_number":6,"box":{"x":875,"y":448,"width":94,"height":10}},{"id":"e8dc04ac-456a-4e63-b32f-35aef80033cd","block_type":"box","text":"shareholders.","page_number":6,"box":{"x":30,"y":462,"width":74,"height":8}},{"id":"e991d13c-6cd7-41b7-8560-b2828def8b16","block_type":"box","text":"BlackRock Advisors, LLC (the \"Manager\"), the Fund’s investment adviser, has contractually and/or voluntarily agreed to waive and/or reimburse a po","page_number":6,"box":{"x":31,"y":486,"width":835,"height":11}},{"id":"4d57f1a5-a5d2-4615-8c92-4c7a797f1f25","block_type":"box","text":"rtion of the Fund’s","page_number":6,"box":{"x":867,"y":486,"width":102,"height":9}},{"id":"7e65f5da-a670-4c10-a875-073b071c34f2","block_type":"box","text":"expenses. Without such waiver(s) and/or reimbursement(s), the Fund’s performance would have been lower. With respect to the Fund’s voluntary waive","page_number":6,"box":{"x":30,"y":501,"width":857,"height":10}},{"id":"8ffd82ec-89d5-4fde-8a77-5a07e9c6c1ec","block_type":"box","text":"r(s), if any, the","page_number":6,"box":{"x":888,"y":501,"width":81,"height":10}},{"id":"ebc1b094-78dc-4492-9c88-9f9cc0c5eb4f","block_type":"box","text":"Manager is under no obligation to waive and/or reimburse or to continue waiving and/or reimbursing its fees and such voluntary waiver(s) may be reduce","page_number":6,"box":{"x":31,"y":515,"width":830,"height":11}},{"id":"c59f5271-2181-407e-8cbc-0d8c45cd8946","block_type":"box","text":"d or discontinued at","page_number":6,"box":{"x":862,"y":515,"width":107,"height":8}},{"id":"f7d3318d-8e70-41ed-a7c0-c1fbefb3b398","block_type":"box","text":"any time. With respect to the Fund’s contractual waiver(s), if any, the Manager is under no obligation to continue waiving and/or reimbursing its fees","page_number":6,"box":{"x":30,"y":529,"width":828,"height":11}},{"id":"51a3a6c2-e7d4-49a1-b886-af8df9b94802","block_type":"box","text":"after the applicable","page_number":6,"box":{"x":863,"y":529,"width":106,"height":11}},{"id":"12dc6f86-e048-49d1-a502-066b956ef17b","block_type":"box","text":"termination date of such agreement. See the Notes to Consolidated Financial Statements for additional information on waivers and/or reimbursement","page_number":6,"box":{"x":30,"y":543,"width":816,"height":11}},{"id":"55bf39b5-e14c-488e-a83b-cfa4fc23392d","block_type":"box","text":"s.","page_number":6,"box":{"x":846,"y":545,"width":8,"height":7}},{"id":"19c893ad-edc5-4485-b85f-4e6de215beed","block_type":"box","text":"The standardized 30-day yield includes the effects of any waivers and/or reimbursements. The unsubsidized 30-day yield excludes the effects of any w","page_number":6,"box":{"x":30,"y":568,"width":866,"height":10}},{"id":"11f8e261-95b5-4886-a673-034d55bb131f","block_type":"box","text":"aivers and/or","page_number":6,"box":{"x":896,"y":568,"width":74,"height":8}},{"id":"5be83820-4db3-4e0e-a150-9f045443716e","block_type":"box","text":"reimbursements.","page_number":6,"box":{"x":31,"y":582,"width":90,"height":8}},{"id":"401f3edb-3802-4560-994e-bb166860c191","block_type":"box","text":"Disclosure of Expenses for Continuously Offered Closed-End Funds","page_number":6,"box":{"x":31,"y":626,"width":579,"height":17}},{"id":"1d1cbde6-915e-4dfa-a9b8-9dade1efb3b6","block_type":"box","text":"Shareholders of the Fund may incur the following charges: (a) transactional expenses, including early withdrawal fees; and (b) operating expenses,","page_number":6,"box":{"x":30,"y":668,"width":821,"height":11}},{"id":"fd0f52d7-3fb5-48e2-b469-b2888f0c351f","block_type":"box","text":"including investment","page_number":6,"box":{"x":857,"y":668,"width":112,"height":11}},{"id":"d0aa958d-e759-4db5-90b7-2502e656e232","block_type":"box","text":"advisory fees, and other fund expenses. The example below (which is based on a hypothetical investment of $1,000 invested at the beginning of the perio","page_number":6,"box":{"x":30,"y":682,"width":836,"height":11}},{"id":"6510a82b-a3d7-4cd2-8aac-1f80cfadde0a","block_type":"box","text":"d and held through","page_number":6,"box":{"x":867,"y":682,"width":102,"height":11}},{"id":"32bc2197-2376-458d-849d-fbe3af145ced","block_type":"box","text":"the end of the period) is intended to assist shareholders both in calculating expenses based on an investment in the Fund and in comparing these expense","page_number":6,"box":{"x":30,"y":697,"width":837,"height":10}},{"id":"22eb92ff-90fe-4ca6-b6e5-cfa578b1ba40","block_type":"box","text":"s with similar costs","page_number":6,"box":{"x":868,"y":697,"width":101,"height":8}},{"id":"be9b2508-f286-47bf-b805-7a962860cb32","block_type":"box","text":"of investing in other funds.","page_number":6,"box":{"x":30,"y":711,"width":143,"height":11}},{"id":"ce4e41a0-6997-4c2b-b0e5-437c2407ede5","block_type":"box","text":"The expense example provides information about actual account values and actual expenses. Annualized expense ratios reflect contractual and volun","page_number":6,"box":{"x":30,"y":735,"width":812,"height":11}},{"id":"1cf1a3eb-b573-4ae7-a9b5-781c5292ea39","block_type":"box","text":"tary fee waivers, if any.","page_number":6,"box":{"x":843,"y":735,"width":122,"height":11}},{"id":"5bdb0b48-5403-4ad3-8995-1a0c61c053e7","block_type":"box","text":"In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 an","page_number":6,"box":{"x":31,"y":749,"width":836,"height":11}},{"id":"f2eaa413-7b75-431b-9aee-4e2526f0dd14","block_type":"box","text":"d then multiply the","page_number":6,"box":{"x":868,"y":750,"width":101,"height":10}},{"id":"35af67dc-93e1-480e-aaeb-d64fe365f23a","block_type":"box","text":"result by the number corresponding to their Fund and share class under the heading entitled “Expenses Paid During the Period.”","page_number":6,"box":{"x":31,"y":764,"width":701,"height":10}},{"id":"c24e3b55-62f1-4ecf-8c3a-c5654d8357e4","block_type":"box","text":"The expense example also provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio","page_number":6,"box":{"x":30,"y":788,"width":821,"height":11}},{"id":"e8b07d82-6c6d-4d33-bda6-b930d7b93eb2","block_type":"box","text":"and an assumed rate","page_number":6,"box":{"x":855,"y":788,"width":114,"height":9}},{"id":"216e4614-6f65-475c-8e97-24a1edf660ae","block_type":"box","text":"of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in the Fund and other funds, com","page_number":6,"box":{"x":30,"y":802,"width":870,"height":11}},{"id":"fe54c5bb-9972-411c-a82e-233b5adaa1b9","block_type":"box","text":"pare the 5%","page_number":6,"box":{"x":902,"y":802,"width":67,"height":11}},{"id":"7045f215-0c71-4787-b7af-97cb91d84825","block_type":"box","text":"hypothetical example with the 5% hypothetical examples that appear in shareholder reports of other funds.","page_number":6,"box":{"x":31,"y":816,"width":581,"height":11}},{"id":"690e6c13-c035-4cfa-9e33-50fa7eac4de9","block_type":"box","text":"The expenses shown in the expense example are intended to highlight shareholders’ ongoing costs only and do not reflect transactional expenses, such","page_number":6,"box":{"x":30,"y":841,"width":829,"height":11}},{"id":"e6bfc931-8434-41e3-9957-b50982a5075f","block_type":"box","text":"as sales charges, if","page_number":6,"box":{"x":864,"y":841,"width":106,"height":11}},{"id":"8c17ad38-5a82-44fd-9241-c574029cf090","block_type":"box","text":"any. Therefore, the hypothetical example is useful in comparing ongoing expenses only and will not help shareholders determine the relative total ex","page_number":6,"box":{"x":30,"y":855,"width":797,"height":11}},{"id":"543a9c4b-f6cd-4322-8c03-48b59506ff92","block_type":"box","text":"penses of owning different","page_number":6,"box":{"x":828,"y":855,"width":141,"height":11}},{"id":"cfd5b6f0-319e-4b19-be2e-56b8e006e7a1","block_type":"box","text":"funds. If these transactional expenses were included, shareholder expenses would have been higher.","page_number":6,"box":{"x":30,"y":869,"width":553,"height":11}},{"id":"f24bcc61-e4a0-4fc0-8b1a-2c027438f261","block_type":"box","text":"6","page_number":6,"box":{"x":30,"y":965,"width":7,"height":9}},{"id":"1ad5a51b-0835-436f-a24c-c4bce0387582","block_type":"box","text":"2026","page_number":6,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"2ed054cb-fa5d-4b8e-a211-b53cade1e2ec","block_type":"box","text":"B","page_number":6,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"6eb62ba3-35c7-4c87-bb47-53f3609456be","block_type":"box","text":"LACK","page_number":6,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"596b1b41-ace7-4f52-9095-db2142ddec96","block_type":"box","text":"R","page_number":6,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"ceaad8fc-9e84-46a3-9717-dd7bb16d9fcc","block_type":"box","text":"OCK","page_number":6,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"857832e3-a2f3-4518-804c-49a3e335d3fa","block_type":"box","text":"S","page_number":6,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"b3b4ed14-2e1a-4beb-abc9-85d9c311ca60","block_type":"box","text":"EMI","page_number":6,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"66fa0c4e-4661-44d9-9fd3-82a1d4ecdc16","block_type":"box","text":"-A","page_number":6,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"45774ec6-84c2-44f4-a319-f80baa594570","block_type":"box","text":"NNUAL","page_number":6,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"890cd201-34c8-48e2-b3a0-3f23585456b2","block_type":"box","text":"NM0826U-5876566-6/56 R EPORT TO S HAR","page_number":6,"box":{"x":757,"y":969,"width":138,"height":7}},{"id":"bbffb22f-c634-44c8-b17d-48ea721ba7c0","block_type":"box","text":"NM\r\nR","page_number":6,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"e5f7ed46-28fc-4a4e-817b-e779b72f92d3","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":6,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"eed0ed7a-6e7c-4e64-9f6e-b67d89b6efff","block_type":"box","text":"66\r\nS","page_number":6,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"5f81c526-d873-4fdc-ad9b-4825d00af07f","block_type":"box","text":"-6/56 \r\nHAREHOLDERS","page_number":6,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"987ef389-bf66-4f10-a136-5fee170d4127","block_type":"box","text":"Disclosure of Expenses for Continuously Offered Closed-End Funds","page_number":7,"box":{"x":31,"y":30,"width":579,"height":16}},{"id":"a9c89223-d413-4e90-9938-11dce92451f3","block_type":"box","text":"(continued)","page_number":7,"box":{"x":617,"y":34,"width":60,"height":11}},{"id":"daddf6cc-5d30-4066-9f8c-b0bcec2a7e7a","block_type":"box","text":"Expense Example for Continuously Offered Closed-End Funds","page_number":7,"box":{"x":31,"y":69,"width":365,"height":11}},{"id":"2f7f6987-e16b-4e7f-8bee-743eb2648a20","block_type":"box","text":"Actual Hypothetical 5% Return","page_number":7,"box":{"x":351,"y":94,"width":355,"height":10}},{"id":"466b9ad5-1fc4-4be0-a136-6738eede80be","block_type":"box","text":"Expenses Paid During the","page_number":7,"box":{"x":366,"y":122,"width":126,"height":10}},{"id":"32062bac-0af9-4b1f-9924-687edca6fa03","block_type":"box","text":"Period","page_number":7,"box":{"x":414,"y":135,"width":30,"height":8}},{"id":"12fd2f77-8bc2-419c-82af-b1cf68b5e1d7","block_type":"box","text":"Including Interest","page_number":7,"box":{"x":579,"y":109,"width":83,"height":10}},{"id":"4522748d-6bb4-4839-b195-6ae3ecd6f1a7","block_type":"box","text":"Expense","page_number":7,"box":{"x":599,"y":122,"width":42,"height":10}},{"id":"9d651e97-393d-4a30-98d8-b647811b75a6","block_type":"box","text":"and Fees","page_number":7,"box":{"x":597,"y":135,"width":46,"height":8}},{"id":"d611fea4-aac9-44e8-b88c-6cbfc43f8a96","block_type":"box","text":"Excluding Interest","page_number":7,"box":{"x":698,"y":109,"width":86,"height":10}},{"id":"b08d3466-fef8-43b2-96c2-765f578ba593","block_type":"box","text":"Expense","page_number":7,"box":{"x":720,"y":122,"width":42,"height":10}},{"id":"4988cd08-ab89-4d57-9e03-c863868cbd8d","block_type":"box","text":"and Fees Annualized Expense Ratio","page_number":7,"box":{"x":718,"y":135,"width":217,"height":10}},{"id":"58797f38-d5b9-4c2f-acb0-e2839d78cb8d","block_type":"box","text":"Beginning","page_number":7,"box":{"x":244,"y":163,"width":49,"height":9}},{"id":"2103b844-f971-4271-be9b-b5581221073a","block_type":"box","text":"Account","page_number":7,"box":{"x":253,"y":176,"width":40,"height":7}},{"id":"663211fa-5c16-4899-88fc-99a225267415","block_type":"box","text":"Value","page_number":7,"box":{"x":267,"y":189,"width":26,"height":7}},{"id":"10abde2a-15c1-4475-bd23-ebc52999eca2","block_type":"box","text":"(01/01/26)","page_number":7,"box":{"x":244,"y":201,"width":48,"height":10}},{"id":"821b460b-6b29-4340-a48f-97a38cab9c06","block_type":"box","text":"Ending","page_number":7,"box":{"x":321,"y":163,"width":34,"height":9}},{"id":"0cf087f9-1bed-42a7-a601-c5acef21f06c","block_type":"box","text":"Account","page_number":7,"box":{"x":315,"y":176,"width":41,"height":7}},{"id":"2ce745cf-274e-47b1-95b2-f80aa20bcff5","block_type":"box","text":"Value","page_number":7,"box":{"x":329,"y":189,"width":26,"height":7}},{"id":"c4f7a4f3-6f85-46a9-9f96-c3e3e2afbd29","block_type":"box","text":"(06/30/26)","page_number":7,"box":{"x":306,"y":201,"width":49,"height":10}},{"id":"7efc2fb8-e3ff-4921-8c9c-2cafefed1cbf","block_type":"box","text":"Including","page_number":7,"box":{"x":380,"y":163,"width":44,"height":9}},{"id":"e9ce8ade-50d4-4a98-8fa3-766fccb979b7","block_type":"box","text":"Interest","page_number":7,"box":{"x":388,"y":176,"width":36,"height":7}},{"id":"c89d10f6-1886-4f16-95a5-12be34195255","block_type":"box","text":"Expense","page_number":7,"box":{"x":381,"y":189,"width":43,"height":9}},{"id":"6b2c78fd-3a2d-4116-a5b8-6e98aceb44d7","block_type":"box","text":"and Fees","page_number":7,"box":{"x":368,"y":202,"width":46,"height":7}},{"id":"3da6de4a-69bc-47e4-bcc7-6115b49f9320","block_type":"box","text":"(a)","page_number":7,"box":{"x":414,"y":200,"width":9,"height":6}},{"id":"76da8889-ce72-4555-a4f2-7e09786b1a66","block_type":"box","text":"Excluding","page_number":7,"box":{"x":445,"y":163,"width":48,"height":9}},{"id":"858efca7-4e6a-4711-888e-89dbb123d5c2","block_type":"box","text":"Interest","page_number":7,"box":{"x":456,"y":176,"width":37,"height":7}},{"id":"892a5d73-5974-4365-b927-732b9dd9d847","block_type":"box","text":"Expense","page_number":7,"box":{"x":450,"y":189,"width":42,"height":9}},{"id":"99a98354-ff65-4fac-813e-5cb1afd73825","block_type":"box","text":"and Fees","page_number":7,"box":{"x":437,"y":202,"width":45,"height":7}},{"id":"24b50f08-2d4a-46bf-a154-1f501a367527","block_type":"box","text":"(a)","page_number":7,"box":{"x":483,"y":200,"width":9,"height":6}},{"id":"f9faf0cb-b0fa-4472-a42e-b72e84d18647","block_type":"box","text":"Beginning","page_number":7,"box":{"x":506,"y":163,"width":49,"height":9}},{"id":"6217b5e8-5a5f-479b-b998-b2368a7db9d2","block_type":"box","text":"Account","page_number":7,"box":{"x":515,"y":176,"width":40,"height":7}},{"id":"8333ab42-0595-4fa3-909f-e4b9d741531f","block_type":"box","text":"Value","page_number":7,"box":{"x":529,"y":189,"width":25,"height":7}},{"id":"28e7c6d8-98ac-4fcd-98f4-8b8de8c4325f","block_type":"box","text":"(01/01/26)","page_number":7,"box":{"x":505,"y":201,"width":49,"height":10}},{"id":"2ec30956-7111-4a76-903c-40837f55f894","block_type":"box","text":"Ending","page_number":7,"box":{"x":583,"y":163,"width":34,"height":9}},{"id":"2242168b-1651-4cc9-b908-d4f5f85e6089","block_type":"box","text":"Account","page_number":7,"box":{"x":577,"y":176,"width":40,"height":7}},{"id":"a382d778-6e1b-42e4-af82-7f07c0e14a78","block_type":"box","text":"Value","page_number":7,"box":{"x":591,"y":189,"width":26,"height":7}},{"id":"26f8fc0e-28fb-4205-8d69-14d991633e6d","block_type":"box","text":"(06/30/26)","page_number":7,"box":{"x":568,"y":201,"width":48,"height":10}},{"id":"a7b2e582-c423-439e-9ea5-ee1303eb6949","block_type":"box","text":"Expenses","page_number":7,"box":{"x":627,"y":150,"width":48,"height":9}},{"id":"26dd96eb-5676-4bb4-adc1-183adabd4a96","block_type":"box","text":"Paid","page_number":7,"box":{"x":654,"y":163,"width":22,"height":7}},{"id":"7f93bcef-042f-4371-b0d6-7992e9dab57a","block_type":"box","text":"During","page_number":7,"box":{"x":643,"y":176,"width":32,"height":9}},{"id":"27659a5c-9358-4ca2-bf76-f475c5db21aa","block_type":"box","text":"the","page_number":7,"box":{"x":661,"y":189,"width":14,"height":7}},{"id":"b4b4a8e5-e336-432a-847f-e91f13b5f5b2","block_type":"box","text":"Period","page_number":7,"box":{"x":634,"y":202,"width":32,"height":7}},{"id":"4826b568-a71c-413d-a74d-32f5d397dfe3","block_type":"box","text":"(a)","page_number":7,"box":{"x":666,"y":200,"width":9,"height":6}},{"id":"8d0a4d6f-3b94-4730-ae11-6a1edd786d4e","block_type":"box","text":"Ending","page_number":7,"box":{"x":704,"y":163,"width":34,"height":9}},{"id":"25833f19-8734-4558-9b88-eb1bf0bce080","block_type":"box","text":"Account","page_number":7,"box":{"x":697,"y":176,"width":41,"height":7}},{"id":"ea078c7f-e0b5-439a-802a-1a0f6f57ae0f","block_type":"box","text":"Value","page_number":7,"box":{"x":712,"y":189,"width":25,"height":7}},{"id":"7311326f-0b4d-46b7-8db6-1d0ce34eb401","block_type":"box","text":"(06/30/26)","page_number":7,"box":{"x":688,"y":201,"width":49,"height":10}},{"id":"ce9e4de4-3fec-4ac1-878c-0cc2c32a2e41","block_type":"box","text":"Expenses","page_number":7,"box":{"x":748,"y":150,"width":48,"height":9}},{"id":"266bfbc9-52d4-4b83-95ba-e37f0c3bf1b1","block_type":"box","text":"Paid","page_number":7,"box":{"x":774,"y":163,"width":22,"height":7}},{"id":"a52bb9ae-611a-4d53-95b3-35b751eaa1fb","block_type":"box","text":"During","page_number":7,"box":{"x":764,"y":176,"width":32,"height":9}},{"id":"b80f392a-7395-4a21-b6dd-240f84e3558b","block_type":"box","text":"the","page_number":7,"box":{"x":781,"y":189,"width":15,"height":7}},{"id":"9c70c18e-842b-4724-80fe-f5f5eaa09874","block_type":"box","text":"Period","page_number":7,"box":{"x":754,"y":202,"width":32,"height":7}},{"id":"4cc3a26d-b8ba-4451-91a1-37ca9958f19b","block_type":"box","text":"(a)","page_number":7,"box":{"x":787,"y":200,"width":8,"height":6}},{"id":"21994800-0cac-42a0-ae98-34bfd2386d38","block_type":"box","text":"Including","page_number":7,"box":{"x":821,"y":163,"width":44,"height":9}},{"id":"bfb047b5-b763-4d42-8220-2bc86a83df38","block_type":"box","text":"Interest","page_number":7,"box":{"x":829,"y":176,"width":36,"height":7}},{"id":"a28e857b-8ca4-47d7-a426-2b01308a4553","block_type":"box","text":"Expense","page_number":7,"box":{"x":822,"y":189,"width":42,"height":9}},{"id":"70c7fec4-eeb9-485a-b9e9-354582df37a0","block_type":"box","text":"and Fees","page_number":7,"box":{"x":819,"y":202,"width":46,"height":7}},{"id":"0289f8a2-847f-4220-9563-6374cf2d8e62","block_type":"box","text":"Excluding","page_number":7,"box":{"x":888,"y":163,"width":47,"height":9}},{"id":"64160813-5257-435f-ae26-038addfc4436","block_type":"box","text":"Interest","page_number":7,"box":{"x":899,"y":176,"width":37,"height":7}},{"id":"3ec1365d-c490-4739-b6f6-0f98e30d844c","block_type":"box","text":"Expense","page_number":7,"box":{"x":893,"y":189,"width":42,"height":9}},{"id":"37d92cc2-4c2c-4e1a-8b99-bab46ccc0b44","block_type":"box","text":"and Fees","page_number":7,"box":{"x":890,"y":202,"width":45,"height":7}},{"id":"d13b9146-4765-4cca-b14e-aed9fa314af1","block_type":"box","text":"Institutional","page_number":7,"box":{"x":51,"y":216,"width":54,"height":8}},{"id":"51f2c6b4-9b4b-418d-b126-4333e0d99a58","block_type":"box","text":".........................","page_number":7,"box":{"x":108,"y":223,"width":122,"height":1}},{"id":"1d42dba3-3711-4807-b395-7e482afd3928","block_type":"box","text":"$ 1,000.00 $ 1,020.30 $ 4.65 $ 2.03 $ 1,000.00 $ 1,020.19 $ 4.65 $ 1,022.79 $ 2.03 0.93% 0.41%","page_number":7,"box":{"x":241,"y":216,"width":703,"height":9}},{"id":"2bcea52e-37cc-447d-a39e-5c8582f4fd6e","block_type":"box","text":"Class A","page_number":7,"box":{"x":50,"y":227,"width":37,"height":7}},{"id":"2843ce58-ac23-4fd9-b867-71416958a32d","block_type":"box","text":"............................","page_number":7,"box":{"x":93,"y":233,"width":137,"height":1}},{"id":"fde33a22-6875-4868-8c1c-2e6a5efe9322","block_type":"box","text":"1,000.00 1,017.50 7.90 5.34 1,000.00 1,016.96 7.90 1,019.51 5.33 1.58 1.07","page_number":7,"box":{"x":251,"y":227,"width":684,"height":9}},{"id":"f01b577f-b543-4076-9116-2caf039a67bf","block_type":"box","text":"Class J","page_number":7,"box":{"x":50,"y":237,"width":35,"height":8}},{"id":"10f3a2c8-cce7-4153-a2a5-7a7313d795a2","block_type":"box","text":".............................","page_number":7,"box":{"x":88,"y":243,"width":142,"height":1}},{"id":"ad6a6f5b-15d8-4a7b-8efb-0980dd786322","block_type":"box","text":"1,000.00 1,018.80 6.68 4.06 1,000.00 1,018.17 6.68 1,020.77 4.06 1.34 0.81","page_number":7,"box":{"x":251,"y":237,"width":682,"height":9}},{"id":"4e61b1d6-5490-46a9-aacc-f030b8d3f2f3","block_type":"box","text":"Class U","page_number":7,"box":{"x":50,"y":247,"width":38,"height":8}},{"id":"3f412ea2-b4e5-4a1b-aa17-4214ad4c3d7d","block_type":"box","text":"............................","page_number":7,"box":{"x":93,"y":254,"width":137,"height":1}},{"id":"ffd2046d-57ed-4bc5-92f1-d9411fb622f8","block_type":"box","text":"1,000.00 1,017.50 8.57 5.95 1,000.00 1,016.30 8.56 1,018.89 5.95 1.71 1.19","page_number":7,"box":{"x":251,"y":247,"width":684,"height":9}},{"id":"7ee36237-f9cf-4f13-a8a0-aede48ba0e85","block_type":"box","text":"Class W","page_number":7,"box":{"x":50,"y":258,"width":41,"height":7}},{"id":"56ee3f38-311b-4781-82e2-c08fc6c0fa3f","block_type":"box","text":"............................","page_number":7,"box":{"x":93,"y":264,"width":137,"height":1}},{"id":"641ce958-b96d-4222-a019-b869d00d102d","block_type":"box","text":"1,000.00 1,017.50 7.90 5.28 1,000.00 1,016.96 7.90 1,019.56 5.28 1.58 1.06","page_number":7,"box":{"x":251,"y":258,"width":684,"height":9}},{"id":"35a9605d-ab08-44a2-af78-9e64bc268706","block_type":"box","text":"(a)","page_number":7,"box":{"x":30,"y":281,"width":9,"height":6}},{"id":"dce43be9-8156-44ba-a44f-4ca55fba86a2","block_type":"box","text":"For each class of the Fund, expenses are equal to the annualized expense ratio for the class, multiplied by the average account value over the period, mu","page_number":7,"box":{"x":47,"y":283,"width":762,"height":9}},{"id":"04b701c0-314a-4999-b246-d1390f13bc53","block_type":"box","text":"ltiplied by 181/365 (to reflect the","page_number":7,"box":{"x":811,"y":283,"width":158,"height":9}},{"id":"8c144500-cc41-4f8e-b30e-648ddcbaed6d","block_type":"box","text":"one-half year period shown).","page_number":7,"box":{"x":47,"y":294,"width":138,"height":10}},{"id":"d068815a-2cf7-41dc-8786-b7690df00d48","block_type":"box","text":"D","page_number":7,"box":{"x":31,"y":967,"width":6,"height":7}},{"id":"920f30a6-4f75-4b0c-8017-8ce78262f733","block_type":"box","text":"ISCLOSURE OF","page_number":7,"box":{"x":42,"y":969,"width":101,"height":5}},{"id":"c7ba0ef0-bcab-4c2b-b662-c915c7969533","block_type":"box","text":"E","page_number":7,"box":{"x":155,"y":967,"width":6,"height":7}},{"id":"95c9f976-ec3c-4b7c-a3c5-45064e242321","block_type":"box","text":"XPENSES FOR","page_number":7,"box":{"x":166,"y":969,"width":95,"height":5}},{"id":"39d576e4-ecef-45af-9721-891545e20ae0","block_type":"box","text":"C","page_number":7,"box":{"x":273,"y":967,"width":7,"height":7}},{"id":"74bbb9ca-8635-437e-a6d9-2acf18699f30","block_type":"box","text":"ONTINUOUSLY","page_number":7,"box":{"x":285,"y":969,"width":93,"height":5}},{"id":"76bf731e-e2ea-46e2-964d-805c8f40f114","block_type":"box","text":"O","page_number":7,"box":{"x":390,"y":967,"width":8,"height":7}},{"id":"d41a2ae3-d0ea-40ee-9e4d-e71bce36fe5e","block_type":"box","text":"FFERED","page_number":7,"box":{"x":403,"y":969,"width":49,"height":5}},{"id":"299e3e26-5c31-42c6-8d25-567d234c8248","block_type":"box","text":"C","page_number":7,"box":{"x":464,"y":967,"width":7,"height":7}},{"id":"017b3452-df90-49f3-97e7-559ae1b3474a","block_type":"box","text":"LOSED","page_number":7,"box":{"x":476,"y":969,"width":41,"height":5}},{"id":"3241c18f-ef27-4ecd-8029-a06e34f4c3ae","block_type":"box","text":"-E","page_number":7,"box":{"x":522,"y":967,"width":14,"height":7}},{"id":"ada04091-41e8-4b61-9046-e8bebd914c24","block_type":"box","text":"ND","page_number":7,"box":{"x":541,"y":969,"width":14,"height":5}},{"id":"0398f72d-0ac5-454d-afb3-d99d67952fc4","block_type":"box","text":"F","page_number":7,"box":{"x":568,"y":967,"width":5,"height":7}},{"id":"501ad95d-2515-44bd-bebd-50558b539c4f","block_type":"box","text":"UNDS","page_number":7,"box":{"x":578,"y":969,"width":33,"height":5}},{"id":"ef7260c0-efb5-49d3-9376-91401d60fbac","block_type":"box","text":"NM0826U-5876566-7/56","page_number":7,"box":{"x":757,"y":969,"width":138,"height":7}},{"id":"8c2dc3f9-6bf2-4da4-a63f-4434fde04cbb","block_type":"box","text":"7","page_number":7,"box":{"x":962,"y":965,"width":6,"height":9}},{"id":"339afd5b-71bc-4ec1-be67-9b0cb18c7341","block_type":"box","text":"Security","page_number":8,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"ea8c248f-8cd3-48da-bd9a-74dfc22c5bb1","block_type":"box","text":"Par","page_number":8,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"13319e3a-1399-407d-bce1-f7fb3db20cdc","block_type":"box","text":"(000) Value","page_number":8,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"09e4e429-f3eb-470f-b4ca-b194285922cf","block_type":"box","text":"Asset-Backed Securities","page_number":8,"box":{"x":30,"y":117,"width":160,"height":10}},{"id":"ddf25ddf-cfd2-4e77-b557-4edaee463bab","block_type":"box","text":"720 East CLO Ltd., Series 2022-1A, Class CR, (3-mo.","page_number":8,"box":{"x":30,"y":132,"width":262,"height":10}},{"id":"15c48596-00ca-42f3-a818-cd27e95b9660","block_type":"box","text":"CME Term SOFR + 1.90%), 5.58%, 01/20/38","page_number":8,"box":{"x":44,"y":145,"width":218,"height":9}},{"id":"1d477162-cf27-42d0-bc85-915340913ead","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":143,"width":19,"height":6}},{"id":"b4fa8932-c0f0-4705-8930-52e87170c8dd","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":151,"width":22,"height":1}},{"id":"203bb9d2-449a-4ee3-93ba-2685c88de592","block_type":"box","text":"USD 1,000 $ 1,002,996","page_number":8,"box":{"x":320,"y":144,"width":163,"height":10}},{"id":"062dd396-b468-4dcb-9d55-e98c17fda4a8","block_type":"box","text":"Abry Liquid Credit CLO Ltd., Series 2025-2A, Class C,","page_number":8,"box":{"x":30,"y":158,"width":263,"height":9}},{"id":"cc4e2b1a-22a7-421e-ad2c-60853e948945","block_type":"box","text":"(3-mo. CME Term SOFR + 2.10%), 5.78%,","page_number":8,"box":{"x":44,"y":171,"width":207,"height":9}},{"id":"13d87f99-2f3f-450d-bf56-5d829ebf3f9c","block_type":"box","text":"01/15/39","page_number":8,"box":{"x":44,"y":183,"width":42,"height":8}},{"id":"2032f9a9-bddb-40ba-aa18-40a994a8edf9","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":87,"y":182,"width":19,"height":6}},{"id":"3e23d39b-b8c0-4170-9f70-b94ff7afab91","block_type":"box","text":"........................................","page_number":8,"box":{"x":110,"y":190,"width":197,"height":1}},{"id":"53b722a4-60ef-4b9c-9db8-32f901e2ba46","block_type":"box","text":"750 752,984","page_number":8,"box":{"x":375,"y":184,"width":108,"height":8}},{"id":"a83c5afa-b9d4-44a2-bd45-24b5c5161630","block_type":"box","text":"AIMCO CLO Ltd., Series 2020-11A, Class CR2, (3-mo.","page_number":8,"box":{"x":30,"y":196,"width":266,"height":10}},{"id":"6745997e-139e-4b2d-8d3f-3bb7cd935303","block_type":"box","text":"CME Term SOFR + 1.90%), 5.58%, 07/17/37","page_number":8,"box":{"x":44,"y":209,"width":218,"height":10}},{"id":"e9da9a58-04d1-44e5-a32e-a4a87316e6cd","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":208,"width":19,"height":6}},{"id":"e1dd8483-5b3a-4298-804a-f3693a20547b","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":216,"width":22,"height":1}},{"id":"6a568035-d3d9-4ce7-b39b-b0916336c721","block_type":"box","text":"1,000 1,002,500","page_number":8,"box":{"x":366,"y":209,"width":117,"height":9}},{"id":"570ba750-72a7-485c-9655-33006e3c8fd7","block_type":"box","text":"AMMC CLO Ltd., Series 2022-27A, Class ER, (3-mo.","page_number":8,"box":{"x":30,"y":222,"width":258,"height":10}},{"id":"fb6319f5-b3b3-4e83-b094-9145457edce9","block_type":"box","text":"CME Term SOFR + 5.15%), 8.83%, 01/20/37","page_number":8,"box":{"x":44,"y":235,"width":218,"height":10}},{"id":"6713481e-f19b-4ebe-b3fb-7d19aae563b1","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":234,"width":19,"height":6}},{"id":"d3b7ca45-a8da-4b47-87eb-b3cbb97d885c","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":241,"width":22,"height":2}},{"id":"d16a6bcc-0e00-4df8-8fa4-0ce7c79a630d","block_type":"box","text":"500 497,779","page_number":8,"box":{"x":375,"y":235,"width":108,"height":9}},{"id":"7bdc5558-3ab3-4cc4-ac5e-50f2b3359b1a","block_type":"box","text":"Anchorage Capital CLO Ltd., Series 2019-11A,","page_number":8,"box":{"x":30,"y":248,"width":227,"height":10}},{"id":"04835817-8b90-4c36-b8b1-93e17eab4d78","block_type":"box","text":"Class C1R2, (3-mo. CME Term SOFR + 2.40%),","page_number":8,"box":{"x":44,"y":261,"width":234,"height":9}},{"id":"d44bb2c3-5645-4a42-86d0-49e89eabebe4","block_type":"box","text":"6.06%, 07/22/37","page_number":8,"box":{"x":44,"y":274,"width":79,"height":9}},{"id":"c144ffd9-4dd1-4baa-9ee2-dec517ddc992","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":124,"y":272,"width":19,"height":6}},{"id":"f8d42d86-3cd2-4a1f-a798-d37ce49aacfd","block_type":"box","text":".................................","page_number":8,"box":{"x":145,"y":280,"width":162,"height":1}},{"id":"f7a173e9-ee95-403c-ba96-00e523c0c47f","block_type":"box","text":"1,000 1,001,202","page_number":8,"box":{"x":366,"y":274,"width":117,"height":9}},{"id":"9c40a3d2-1d81-4e18-adec-32e688a72f33","block_type":"box","text":"Apidos CLO LI Ltd., Series 2024-51A, Class D2, (3-mo.","page_number":8,"box":{"x":30,"y":287,"width":269,"height":9}},{"id":"b50115b3-920d-40db-b7ed-c4d03d284f4d","block_type":"box","text":"CME Term SOFR + 3.70%), 7.38%, 01/20/38","page_number":8,"box":{"x":44,"y":299,"width":218,"height":10}},{"id":"b8b69625-13f6-465e-b576-a23843e6eae7","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":298,"width":19,"height":6}},{"id":"af36c7d4-2900-4ad8-aec0-b9db01e24ffe","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":306,"width":22,"height":1}},{"id":"3c69651c-5a87-4ed9-b62e-ea7659b3d5d4","block_type":"box","text":"250 248,757","page_number":8,"box":{"x":375,"y":300,"width":108,"height":8}},{"id":"b130d412-cb47-4357-8a55-e8f60b1e24b7","block_type":"box","text":"Atlantic Avenue Ltd., Series 2023-1A, Class CR, (3-mo.","page_number":8,"box":{"x":30,"y":312,"width":269,"height":10}},{"id":"851c6c3c-6ee1-4e1f-bdf5-36c0f04829c2","block_type":"box","text":"CME Term SOFR + 2.20%), 5.87%, 01/15/39","page_number":8,"box":{"x":44,"y":325,"width":218,"height":10}},{"id":"21eb9421-c431-4823-9ba3-2dec1255f954","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":324,"width":19,"height":6}},{"id":"26bee1aa-eba1-4b63-b777-a686a6ba9911","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":332,"width":22,"height":1}},{"id":"d6964db6-6878-4a95-9b95-f0b3dee28012","block_type":"box","text":"1,000 1,003,879","page_number":8,"box":{"x":366,"y":325,"width":117,"height":9}},{"id":"ad720dcc-a249-40a0-8961-2a5da3c524e5","block_type":"box","text":"Barings CLO Ltd., Series 2022-1A, Class ER, (3-mo.","page_number":8,"box":{"x":31,"y":338,"width":254,"height":10}},{"id":"7ce95d5b-6e30-4f1c-87cc-621a77a4d4dd","block_type":"box","text":"CME Term SOFR + 6.25%), 9.92%, 01/15/39","page_number":8,"box":{"x":44,"y":351,"width":218,"height":10}},{"id":"2057830d-117f-4d45-bf78-822cfbd27166","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":350,"width":19,"height":6}},{"id":"2d969b9c-1f3c-4912-8087-96200b1f881f","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":357,"width":22,"height":2}},{"id":"6fd6d9bf-baa6-45e5-b850-ecb373eb8e91","block_type":"box","text":"500 498,249","page_number":8,"box":{"x":375,"y":351,"width":108,"height":9}},{"id":"83a48bf0-9948-4876-b5fd-91c3cf69c3d6","block_type":"box","text":"Benefit Street Partners CLO Ltd., Series 2026-50A,","page_number":8,"box":{"x":31,"y":364,"width":248,"height":9}},{"id":"040efb85-4154-4eb3-9eea-06673c9001e6","block_type":"box","text":"Class D2, (3-mo. CME Term SOFR + 4.20%), 7.80%,","page_number":8,"box":{"x":44,"y":377,"width":257,"height":9}},{"id":"13d81469-1ae0-4441-a70f-af04ed934008","block_type":"box","text":"07/15/39","page_number":8,"box":{"x":44,"y":390,"width":42,"height":7}},{"id":"b742eae5-75c1-436d-a6ee-28a66d150551","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":87,"y":388,"width":19,"height":6}},{"id":"f5e9e4ff-9259-4b97-bcef-c318710533b5","block_type":"box","text":"........................................","page_number":8,"box":{"x":110,"y":396,"width":197,"height":1}},{"id":"748fd575-d875-4a79-9946-34d55e46b6fb","block_type":"box","text":"500 501,849","page_number":8,"box":{"x":375,"y":390,"width":108,"height":9}},{"id":"d3bf19c1-3fd5-4a0c-9f73-d8e4ca518954","block_type":"box","text":"Bridge Street CLO II Ltd., Series 2021-1A, Class D1AR,","page_number":8,"box":{"x":31,"y":403,"width":270,"height":9}},{"id":"38244028-e1b8-4462-8403-16ef06b9f934","block_type":"box","text":"(3-mo. CME Term SOFR + 3.40%), 7.08%,","page_number":8,"box":{"x":44,"y":415,"width":207,"height":10}},{"id":"0ff22c7e-537e-4111-85d5-b3f096469f80","block_type":"box","text":"01/20/39","page_number":8,"box":{"x":44,"y":428,"width":42,"height":8}},{"id":"a567beb7-e439-4b40-90ea-ce113459e32e","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":87,"y":427,"width":19,"height":6}},{"id":"e1ad155d-2598-43ef-a4e6-4868af2493f0","block_type":"box","text":"........................................","page_number":8,"box":{"x":110,"y":435,"width":197,"height":1}},{"id":"bc92dabc-2417-4203-ade4-6130a878dab5","block_type":"box","text":"1,000 994,686","page_number":8,"box":{"x":366,"y":428,"width":117,"height":9}},{"id":"658cfa27-3b34-483c-994f-95c13061e19c","block_type":"box","text":"CQS US CLO Ltd., Series 2023-3A, Class D1R, (3-mo.","page_number":8,"box":{"x":30,"y":441,"width":267,"height":10}},{"id":"bf754afa-e94f-472b-a7c2-1980d8fd611b","block_type":"box","text":"CME Term SOFR + 3.65%), 7.32%, 01/25/37","page_number":8,"box":{"x":44,"y":454,"width":218,"height":10}},{"id":"937516ba-4bd8-4a28-899d-536f0147fb5f","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":453,"width":19,"height":6}},{"id":"8c485a68-8ab8-43fa-aa76-ad507d54ff1a","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":460,"width":22,"height":2}},{"id":"00e78cf1-c83b-408f-ad2f-d26854349883","block_type":"box","text":"1,000 995,372","page_number":8,"box":{"x":366,"y":454,"width":117,"height":9}},{"id":"bdb38c82-6b2e-433b-9658-f18a5498f296","block_type":"box","text":"Dryden CLO Ltd., Series 2019-72A, Class DR, (3-mo.","page_number":8,"box":{"x":31,"y":467,"width":259,"height":10}},{"id":"d984d053-4509-409c-8391-78f34c583c45","block_type":"box","text":"CME Term SOFR + 3.26%), 6.91%, 05/15/32","page_number":8,"box":{"x":44,"y":480,"width":218,"height":10}},{"id":"4a7d86ba-358d-4b49-be95-17d713a5e388","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":479,"width":19,"height":6}},{"id":"986ebfe3-1e89-4f67-bb93-9b01c449112d","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":486,"width":22,"height":1}},{"id":"045f7245-6968-46f1-9f8b-cb07b97436af","block_type":"box","text":"1,000 998,459","page_number":8,"box":{"x":366,"y":480,"width":117,"height":9}},{"id":"88bcfa58-9a12-4c46-b690-ccd7f5516eaa","block_type":"box","text":"Elevation CLO Ltd.","page_number":8,"box":{"x":31,"y":493,"width":90,"height":7}},{"id":"4c030e0c-9985-4501-b26d-741e520088a4","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":123,"y":491,"width":19,"height":6}},{"id":"c9b363f8-a470-498c-a066-638ae8270ce4","block_type":"box","text":"Series 2022-16A, Class D1, (3-mo. CME Term SOFR","page_number":8,"box":{"x":44,"y":506,"width":258,"height":9}},{"id":"f11a0ebc-d542-4c72-91b7-2193f2042e61","block_type":"box","text":"+ 4.88%), 8.55%, 07/25/34","page_number":8,"box":{"x":57,"y":519,"width":130,"height":9}},{"id":"f1dabd68-aa65-4e2f-826e-6609dffd0d70","block_type":"box","text":"........................","page_number":8,"box":{"x":190,"y":525,"width":117,"height":1}},{"id":"1527778a-3d8e-49fc-9735-69557e1806d2","block_type":"box","text":"2,500 2,503,334","page_number":8,"box":{"x":365,"y":519,"width":118,"height":9}},{"id":"fb79c353-6e0d-48fc-83c1-31fb07dec55c","block_type":"box","text":"Series 2022-16A, Class D2, (3-mo. CME Term SOFR","page_number":8,"box":{"x":44,"y":531,"width":258,"height":10}},{"id":"9024bbd6-8f63-48c8-8aa3-0e062ebcee6d","block_type":"box","text":"+ 6.01%), 9.68%, 07/25/34","page_number":8,"box":{"x":57,"y":544,"width":130,"height":10}},{"id":"37e40107-0e97-44e8-922b-3bb1997d9b58","block_type":"box","text":"........................","page_number":8,"box":{"x":190,"y":551,"width":117,"height":1}},{"id":"920e15be-cfe0-4ab4-b773-8426dcf84335","block_type":"box","text":"2,500 2,425,643","page_number":8,"box":{"x":365,"y":544,"width":118,"height":9}},{"id":"b5d9e012-10ae-474d-aaa8-5f50a15bb80f","block_type":"box","text":"Elmwood CLO 37 Ltd., Series 2024-13A, Class D1, (3-","page_number":8,"box":{"x":31,"y":557,"width":265,"height":10}},{"id":"ba5a0116-39e3-437d-b315-4df956b6aee8","block_type":"box","text":"mo. CME Term SOFR + 2.60%), 6.28%, 01/17/38","page_number":8,"box":{"x":44,"y":570,"width":240,"height":10}},{"id":"4d6217c1-0135-4019-aa73-8d40731eb1b8","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":285,"y":569,"width":19,"height":6}},{"id":"ca2a79b2-b78b-4b40-b779-a3bdd6746315","block_type":"box","text":".","page_number":8,"box":{"x":307,"y":577,"width":1,"height":1}},{"id":"87d7ed38-445a-4acc-976a-c0623726f8c0","block_type":"box","text":"1,000 994,918","page_number":8,"box":{"x":366,"y":570,"width":117,"height":9}},{"id":"309359f7-eb30-473c-82bf-0db9f1b40ed8","block_type":"box","text":"Greywolf CLO V Ltd., Series 2015-1A, Class CR, (3-mo.","page_number":8,"box":{"x":30,"y":583,"width":273,"height":10}},{"id":"13ab22c8-7010-4704-8ad3-9106cbdc7d8a","block_type":"box","text":"CME Term SOFR + 3.26%), 6.93%, 01/27/31","page_number":8,"box":{"x":44,"y":596,"width":217,"height":10}},{"id":"58f70fcb-e0c0-4172-a924-36d819e46a02","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":595,"width":19,"height":6}},{"id":"52cd7645-7fd2-43b7-916b-8fe0ae7a9af6","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":602,"width":22,"height":1}},{"id":"4bd242f5-0293-4557-9b01-edb5e4eb630b","block_type":"box","text":"88 88,197","page_number":8,"box":{"x":381,"y":596,"width":102,"height":9}},{"id":"cc426246-6197-4a87-982c-0a35868ecc88","block_type":"box","text":"Halsey Point CLO I Ltd., Series 2019-1A, Class ER,","page_number":8,"box":{"x":31,"y":609,"width":250,"height":10}},{"id":"663e5a66-98ad-42bc-81f2-eb1348191ae9","block_type":"box","text":"(3-mo. CME Term SOFR + 8.50%), 12.18%,","page_number":8,"box":{"x":44,"y":622,"width":213,"height":9}},{"id":"de7dc1fd-a48b-4f53-8be1-94639fee038a","block_type":"box","text":"10/20/37","page_number":8,"box":{"x":44,"y":635,"width":42,"height":7}},{"id":"d201d146-2900-456d-9046-d62c95c219b4","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":87,"y":633,"width":19,"height":6}},{"id":"35096e32-6798-4926-b497-c6684c45ff76","block_type":"box","text":"........................................","page_number":8,"box":{"x":110,"y":641,"width":197,"height":1}},{"id":"5cbf52f7-25e4-4a86-b7c7-d878e0ae5abb","block_type":"box","text":"500 493,159","page_number":8,"box":{"x":375,"y":635,"width":108,"height":9}},{"id":"3eebee8c-57b8-4e69-8bbc-3a59c9752064","block_type":"box","text":"HalseyPoint CLO Ltd., Series 2021-4A, Class C, (3-mo.","page_number":8,"box":{"x":31,"y":648,"width":268,"height":9}},{"id":"71350e82-4ee9-411b-84ff-59a5700cd884","block_type":"box","text":"CME Term SOFR + 2.41%), 6.09%, 04/20/34","page_number":8,"box":{"x":44,"y":660,"width":218,"height":10}},{"id":"37b84c15-f9ce-43a3-88e4-4fb9a4d70279","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":659,"width":19,"height":6}},{"id":"ff36fe88-2a29-4d82-a761-cde35a8fcf98","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":667,"width":22,"height":1}},{"id":"b3037fe4-ef56-435f-b0e6-9f155115cefc","block_type":"box","text":"750 750,909","page_number":8,"box":{"x":375,"y":661,"width":108,"height":8}},{"id":"a386ff8e-af16-40db-9fb9-f62a2008ff48","block_type":"box","text":"Harvest U.S. CLO Ltd.","page_number":8,"box":{"x":31,"y":673,"width":107,"height":8}},{"id":"39bc2511-50f4-4310-9044-1b5ab7e0a0db","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":140,"y":672,"width":19,"height":6}},{"id":"44dde62a-c7cc-404a-b3a2-7efb5785f602","block_type":"box","text":"Series 2024-1A, Class DR, (3-mo. CME Term SOFR +","page_number":8,"box":{"x":44,"y":686,"width":263,"height":10}},{"id":"67da3b8d-bd18-4556-a7ce-ada98836d25f","block_type":"box","text":"3.85%), 7.52%, 04/18/37","page_number":8,"box":{"x":57,"y":699,"width":120,"height":10}},{"id":"38d6f2a9-a1f4-422d-a3da-d02feff14998","block_type":"box","text":"..........................","page_number":8,"box":{"x":180,"y":705,"width":127,"height":2}},{"id":"ad0055d5-8bb1-4568-8ceb-aaf170565a86","block_type":"box","text":"1,500 1,507,635","page_number":8,"box":{"x":366,"y":699,"width":117,"height":9}},{"id":"48a92c52-e21e-45dc-a389-2f6c39fb2fb5","block_type":"box","text":"Series 2026-1A, Class D1, (3-mo. CME Term SOFR +","page_number":8,"box":{"x":44,"y":712,"width":261,"height":10}},{"id":"7cc0ec5e-aee4-4190-9b4a-7e0195207cfb","block_type":"box","text":"3.00%), 6.73%, 04/20/39","page_number":8,"box":{"x":57,"y":725,"width":120,"height":10}},{"id":"bca5b34d-52c3-4509-9861-2b7b0fdea8a6","block_type":"box","text":"..........................","page_number":8,"box":{"x":180,"y":731,"width":127,"height":1}},{"id":"a6e26eba-4bd2-4657-aa61-e5b6685ec4e3","block_type":"box","text":"500 503,751","page_number":8,"box":{"x":375,"y":725,"width":106,"height":9}},{"id":"dda7b82e-1afd-4774-b329-e4712b7b8616","block_type":"box","text":"ICG U.S. CLO Ltd., Series 2014-1A, Class CR3, (3-mo.","page_number":8,"box":{"x":31,"y":738,"width":268,"height":9}},{"id":"af74a332-9441-4a4a-96a5-a33036ee0c51","block_type":"box","text":"CME Term SOFR + 3.75%), 7.43%, 10/20/34","page_number":8,"box":{"x":44,"y":751,"width":218,"height":9}},{"id":"8c1a5a58-254b-447f-8ff4-7656b69ae1fd","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":263,"y":749,"width":19,"height":6}},{"id":"c129506d-2946-4dad-b7fa-42abf78d19ef","block_type":"box","text":".....","page_number":8,"box":{"x":286,"y":757,"width":22,"height":1}},{"id":"b7809555-3eb8-47e0-8752-45592b69f648","block_type":"box","text":"1,000 999,922","page_number":8,"box":{"x":366,"y":751,"width":117,"height":9}},{"id":"8c3435d4-5b87-483a-94c5-7b3a1fe2e0a9","block_type":"box","text":"Invesco CLO Ltd., Series 2021-1A, Class D, (3-mo. CME","page_number":8,"box":{"x":31,"y":764,"width":276,"height":9}},{"id":"12125973-a42c-4f6a-93a8-cc706722cc3b","block_type":"box","text":"Term SOFR + 3.31%), 6.98%, 04/15/34","page_number":8,"box":{"x":43,"y":776,"width":192,"height":10}},{"id":"47e36cb7-4fdc-48bd-95bc-5cb9a97af8ca","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":236,"y":775,"width":19,"height":6}},{"id":"9a6c063f-b670-4d80-b26f-53617a06d483","block_type":"box","text":"..........","page_number":8,"box":{"x":261,"y":783,"width":47,"height":1}},{"id":"68b645b9-d47a-487d-94a2-654413ed3b3d","block_type":"box","text":"500 493,010","page_number":8,"box":{"x":375,"y":777,"width":108,"height":8}},{"id":"abd48edb-dc3c-494c-a6fd-04903b4bb701","block_type":"box","text":"Madison Park Funding XXXIII Ltd., Series 2019-33A,","page_number":8,"box":{"x":31,"y":789,"width":255,"height":10}},{"id":"ee15da36-d7d0-4252-8286-27596828ce4d","block_type":"box","text":"Class CR2, (3-mo. CME Term SOFR + 1.95%),","page_number":8,"box":{"x":44,"y":802,"width":228,"height":10}},{"id":"1561af69-10c2-4e8f-ac81-5a2d96f017ae","block_type":"box","text":"5.59%, 10/15/32","page_number":8,"box":{"x":44,"y":815,"width":79,"height":9}},{"id":"222edd22-3990-4bcc-86d5-7e75bcd83a74","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":124,"y":814,"width":19,"height":6}},{"id":"fda6ec41-91d0-4909-b9b0-ea414c8fa1b8","block_type":"box","text":".................................","page_number":8,"box":{"x":145,"y":821,"width":162,"height":2}},{"id":"4058eaee-e140-41ab-820d-6f7c82c1002c","block_type":"box","text":"2,000 2,004,290","page_number":8,"box":{"x":365,"y":815,"width":118,"height":9}},{"id":"36e6a556-950b-492b-be99-d2a1dedc88c7","block_type":"box","text":"MAN U.S. CLO Ltd.","page_number":8,"box":{"x":31,"y":828,"width":94,"height":8}},{"id":"4668c7ed-9af8-41f7-b113-3836cfb58e0a","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":126,"y":827,"width":20,"height":6}},{"id":"53837b75-3981-4d79-89ff-242afa277658","block_type":"box","text":"Series 2023-1A, Class A1R, (3-mo. CME Term SOFR","page_number":8,"box":{"x":44,"y":841,"width":259,"height":10}},{"id":"7a385772-77b0-4dd3-9a20-10aa553e8896","block_type":"box","text":"+ 1.34%), 4.97%, 07/20/39","page_number":8,"box":{"x":57,"y":854,"width":130,"height":9}},{"id":"eb2de114-9152-485b-924e-ef74e026b5b5","block_type":"box","text":"........................","page_number":8,"box":{"x":190,"y":860,"width":117,"height":1}},{"id":"167a9965-32a6-4140-8b16-c984bda31bfa","block_type":"box","text":"500 500,804","page_number":8,"box":{"x":375,"y":854,"width":108,"height":9}},{"id":"bf1b57f1-54ac-4ac8-b52e-f29c9c205d42","block_type":"box","text":"Series 2023-1A, Class D1R, (3-mo. CME Term SOFR","page_number":8,"box":{"x":44,"y":867,"width":260,"height":9}},{"id":"d1096f2b-47ed-42cd-8725-e1b9d2237ef4","block_type":"box","text":"+ 3.40%), 7.03%, 07/20/39","page_number":8,"box":{"x":57,"y":880,"width":130,"height":9}},{"id":"e36e0bd5-0f63-49f4-8e0b-70abf8842194","block_type":"box","text":"........................","page_number":8,"box":{"x":190,"y":886,"width":117,"height":1}},{"id":"098125eb-0123-4b9f-a981-32d21c1efa61","block_type":"box","text":"500 502,238","page_number":8,"box":{"x":375,"y":880,"width":108,"height":9}},{"id":"f280c665-4b88-4d23-a91c-c0e96141ab3a","block_type":"box","text":"Security","page_number":8,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"2cd6715b-e487-422e-9e98-6d7edaed6cc8","block_type":"box","text":"Par","page_number":8,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"cd90512b-a828-4b51-8d9f-f396a8bba697","block_type":"box","text":"(000) Value","page_number":8,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"30ec6429-77d6-40ee-a630-468c256a0b70","block_type":"box","text":"Asset-Backed Securities (continued)","page_number":8,"box":{"x":521,"y":117,"width":238,"height":12}},{"id":"3a8e8e13-9000-45a7-9706-65981e027389","block_type":"box","text":"Marble Point CLO XV Ltd., Series 2019-1A, Class E,","page_number":8,"box":{"x":521,"y":132,"width":255,"height":9}},{"id":"9805853b-fb26-4465-a925-537340b358ac","block_type":"box","text":"(3-mo. CME Term SOFR + 7.09%), 10.76%,","page_number":8,"box":{"x":535,"y":145,"width":213,"height":9}},{"id":"f098e640-02ab-4be1-8270-67c43f69d03d","block_type":"box","text":"07/23/32","page_number":8,"box":{"x":534,"y":158,"width":42,"height":7}},{"id":"244b6455-84ca-44eb-808b-ab7aa29e1506","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":577,"y":156,"width":20,"height":6}},{"id":"6d112ff3-a617-4603-8bcb-51a60695f67d","block_type":"box","text":"........................................","page_number":8,"box":{"x":601,"y":164,"width":197,"height":1}},{"id":"e280496f-0915-4fc7-a12c-c3c1f7e88aa6","block_type":"box","text":"USD 500 $ 483,962","page_number":8,"box":{"x":810,"y":157,"width":164,"height":10}},{"id":"bfca954e-29b0-49aa-b768-ebaab4338284","block_type":"box","text":"Marble Point CLO XVI Ltd.","page_number":8,"box":{"x":521,"y":171,"width":129,"height":7}},{"id":"2de11676-6592-453f-ac7e-3efea59a0b94","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":651,"y":169,"width":19,"height":6}},{"id":"4d1771b2-dc80-4318-8b4e-e11fe25eb5d1","block_type":"box","text":"Series 2019-2A, Class CR2, (3-mo. CME Term SOFR","page_number":8,"box":{"x":535,"y":183,"width":260,"height":10}},{"id":"dd602735-c97d-47f8-9e40-06c87df30856","block_type":"box","text":"+ 1.90%), 5.54%, 11/16/34","page_number":8,"box":{"x":548,"y":196,"width":129,"height":10}},{"id":"1821d14f-922c-4195-a94c-cf3f7d87ecc2","block_type":"box","text":"........................","page_number":8,"box":{"x":681,"y":203,"width":117,"height":1}},{"id":"bfdb6b93-0e26-488a-9c7c-b59092f59624","block_type":"box","text":"666 667,349","page_number":8,"box":{"x":866,"y":196,"width":108,"height":9}},{"id":"521b529d-7f2b-47c3-8468-48c63aac05df","block_type":"box","text":"Series 2019-2A, Class D1R2, (3-mo. CME Term","page_number":8,"box":{"x":535,"y":209,"width":232,"height":10}},{"id":"c635f929-8667-44e3-973c-d0241328bc23","block_type":"box","text":"SOFR + 3.20%), 5.54%, 11/16/34","page_number":8,"box":{"x":548,"y":222,"width":163,"height":10}},{"id":"30c343ec-970f-4cd7-b89b-939e08b45dca","block_type":"box","text":".................","page_number":8,"box":{"x":717,"y":228,"width":81,"height":2}},{"id":"04f117bd-12b5-4de8-be8d-c9c948884487","block_type":"box","text":"875 872,409","page_number":8,"box":{"x":866,"y":222,"width":108,"height":9}},{"id":"b61ad611-2b53-41a3-bc19-1edfebad4fae","block_type":"box","text":"Mountain View CLO XV Ltd.","page_number":8,"box":{"x":521,"y":235,"width":136,"height":8}},{"id":"b512f922-23ea-464a-882c-3b4dd5b99536","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":658,"y":234,"width":19,"height":6}},{"id":"fe4d6f22-479e-44f7-a616-159cc2e62378","block_type":"box","text":"Series 2019-2A, Class A1R2, (3-mo. CME Term","page_number":8,"box":{"x":535,"y":248,"width":231,"height":10}},{"id":"56477be9-929f-4177-8d02-70804c4901de","block_type":"box","text":"SOFR + 1.29%), 4.92%, 07/15/37","page_number":8,"box":{"x":548,"y":261,"width":163,"height":9}},{"id":"4abb5ba8-7d4e-4b25-8432-2e2a14bd9dbd","block_type":"box","text":".................","page_number":8,"box":{"x":717,"y":267,"width":81,"height":1}},{"id":"d5b7e29d-a0a6-44fe-b42f-0d23fe7c0388","block_type":"box","text":"1,000 1,001,268","page_number":8,"box":{"x":857,"y":261,"width":117,"height":9}},{"id":"52d10d91-f4ed-434f-a3aa-9dee140d0e36","block_type":"box","text":"Series 2019-2A, Class D1R2, (3-mo. CME Term","page_number":8,"box":{"x":535,"y":274,"width":232,"height":9}},{"id":"bb5c6ae2-095a-4ee9-809c-5217844579a7","block_type":"box","text":"SOFR + 3.70%), 7.33%, 07/15/37","page_number":8,"box":{"x":548,"y":287,"width":163,"height":9}},{"id":"ff18573b-144c-4d96-b0e2-50abdec2a465","block_type":"box","text":".................","page_number":8,"box":{"x":717,"y":293,"width":81,"height":1}},{"id":"3e855a0e-e17f-4cbf-93b3-04570df3fdfd","block_type":"box","text":"500 491,399","page_number":8,"box":{"x":866,"y":287,"width":108,"height":9}},{"id":"875db6d1-1cc4-4cf2-912c-090bac48d1aa","block_type":"box","text":"Mountain View CLO XVI Ltd., Series 2022-1A,","page_number":8,"box":{"x":521,"y":299,"width":224,"height":9}},{"id":"772c561d-06ad-4c1c-8682-649a9d8ebbf6","block_type":"box","text":"Class D1RR, (3-mo. CME Term SOFR + 3.69%),","page_number":8,"box":{"x":535,"y":312,"width":236,"height":10}},{"id":"9bf37fde-783b-4ace-aaf5-7f8655e71fc9","block_type":"box","text":"7.36%, 03/15/38","page_number":8,"box":{"x":535,"y":325,"width":79,"height":9}},{"id":"78100e07-7ac6-4ad4-ba1c-7d35e5382820","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":615,"y":324,"width":19,"height":6}},{"id":"45741745-c595-4ffe-8541-9bba3b12c969","block_type":"box","text":".................................","page_number":8,"box":{"x":636,"y":332,"width":162,"height":1}},{"id":"5fb3fd86-4096-411f-b55c-e9577c329c4e","block_type":"box","text":"500 502,251","page_number":8,"box":{"x":866,"y":325,"width":106,"height":9}},{"id":"eee82786-b28e-4911-9959-3acbea5c787a","block_type":"box","text":"MP CLO VIII Ltd., Series 2015-2A, Class DR3, (3-mo.","page_number":8,"box":{"x":521,"y":338,"width":261,"height":10}},{"id":"4c4d5466-5262-4407-aa30-b5b837146b27","block_type":"box","text":"CME Term SOFR + 3.25%), 6.90%, 04/28/34","page_number":8,"box":{"x":535,"y":351,"width":218,"height":10}},{"id":"3edd9dd0-13d7-4564-940b-be4a5b989730","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":754,"y":350,"width":19,"height":6}},{"id":"66253382-ca2a-4ce4-afde-3441c7e115c1","block_type":"box","text":".....","page_number":8,"box":{"x":777,"y":357,"width":21,"height":2}},{"id":"0917728c-de5e-4a61-bbfc-394ef42ab121","block_type":"box","text":"1,000 986,203","page_number":8,"box":{"x":857,"y":351,"width":117,"height":9}},{"id":"b14e1c5c-9ef3-413b-8716-ccc93f00165d","block_type":"box","text":"Northwoods Capital XV Ltd., Series 2017-15A,","page_number":8,"box":{"x":521,"y":364,"width":225,"height":9}},{"id":"1430d738-c2ea-4944-8d59-3c125eec94f7","block_type":"box","text":"Class ER3, (3-mo. CME Term SOFR + 7.25%),","page_number":8,"box":{"x":535,"y":377,"width":227,"height":9}},{"id":"88658c4a-3b89-43f6-977a-8f87d26c6349","block_type":"box","text":"10.93%, 03/20/38","page_number":8,"box":{"x":535,"y":390,"width":85,"height":9}},{"id":"0d4b520d-a4e1-411b-abfb-d858a4f5fb82","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":621,"y":388,"width":19,"height":6}},{"id":"3db6ac5d-b94b-4c77-8411-60b2156afcca","block_type":"box","text":"...............................","page_number":8,"box":{"x":646,"y":396,"width":152,"height":1}},{"id":"6ea2285b-3399-4eb4-b9f2-1ff0e2a5ac5c","block_type":"box","text":"250 231,264","page_number":8,"box":{"x":865,"y":390,"width":109,"height":9}},{"id":"3217ec37-85c3-48f9-94e4-75548b501fc2","block_type":"box","text":"OHA Credit Funding Ltd., Series 2019-2A, Class D1R2,","page_number":8,"box":{"x":521,"y":403,"width":269,"height":9}},{"id":"a40b0981-0e85-47a7-bd83-02d1850980b7","block_type":"box","text":"(3-mo. CME Term SOFR + 2.70%), 6.37%,","page_number":8,"box":{"x":535,"y":415,"width":206,"height":10}},{"id":"d61e10ab-5fc0-4b83-87e0-ac079f5c5c5f","block_type":"box","text":"01/21/38","page_number":8,"box":{"x":534,"y":428,"width":42,"height":8}},{"id":"b1731e76-63e5-4af8-8824-4e680dffbcad","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":577,"y":427,"width":20,"height":6}},{"id":"5d943466-a9ae-4bbc-918c-93032b3add68","block_type":"box","text":"........................................","page_number":8,"box":{"x":601,"y":435,"width":197,"height":1}},{"id":"99fd0d48-21b6-4339-904b-295acc4e6e0a","block_type":"box","text":"1,000 994,902","page_number":8,"box":{"x":857,"y":428,"width":117,"height":9}},{"id":"67e635d4-f1ff-499b-ae1f-39f6cad7ba6a","block_type":"box","text":"Pikes Peak CLO, Series 2021-7A, Class DR2, (3-mo.","page_number":8,"box":{"x":521,"y":441,"width":258,"height":10}},{"id":"a687bcee-d85b-494c-8a99-56b92bbea6c4","block_type":"box","text":"CME Term SOFR + 4.50%), 8.14%, 02/25/37","page_number":8,"box":{"x":535,"y":454,"width":218,"height":10}},{"id":"6dbae022-8011-425e-8540-9b241faac86b","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":754,"y":453,"width":19,"height":6}},{"id":"a565a849-e870-453a-8500-d34ec42c4c9c","block_type":"box","text":".....","page_number":8,"box":{"x":777,"y":460,"width":21,"height":2}},{"id":"a1897c92-538c-4d48-84ed-b029105f33b9","block_type":"box","text":"1,000 974,500","page_number":8,"box":{"x":857,"y":454,"width":117,"height":9}},{"id":"7914eee3-fd00-4775-9070-d6ed669f4af1","block_type":"box","text":"Sculptor CLO XXXII Ltd., Series 32A, Class D2R, (3-mo.","page_number":8,"box":{"x":521,"y":467,"width":274,"height":10}},{"id":"fea8bc95-6a51-490d-8573-c1af5f16df38","block_type":"box","text":"CME Term SOFR + 5.10%), 8.80%, 04/30/39","page_number":8,"box":{"x":535,"y":480,"width":218,"height":10}},{"id":"99809ac1-8867-4975-a2af-728e4ebff1d6","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":754,"y":479,"width":19,"height":6}},{"id":"a0691807-d8c3-4bb2-85cf-514dd7002137","block_type":"box","text":".....","page_number":8,"box":{"x":777,"y":486,"width":21,"height":1}},{"id":"3d18a893-e8dd-4ae8-a56d-09dbbb04f4fa","block_type":"box","text":"500 500,670","page_number":8,"box":{"x":866,"y":480,"width":108,"height":9}},{"id":"cf00e8f2-432d-4b96-b673-71bd5faf090b","block_type":"box","text":"Silver Point CLO Ltd., Series 2024-5A, Class C, (3-mo.","page_number":8,"box":{"x":521,"y":493,"width":266,"height":9}},{"id":"daff66c6-b186-441a-b3c3-3a7bf9dfb599","block_type":"box","text":"CME Term SOFR + 2.10%), 5.78%, 10/20/37","page_number":8,"box":{"x":535,"y":506,"width":218,"height":9}},{"id":"a6da0e6c-ad8b-4740-8eec-076c7669ad9e","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":754,"y":504,"width":19,"height":6}},{"id":"18e7fa3a-17bc-4979-8c1f-4612ef8fda20","block_type":"box","text":".....","page_number":8,"box":{"x":777,"y":512,"width":21,"height":1}},{"id":"ada63992-e813-4c3f-9c09-981493a89d42","block_type":"box","text":"1,250 1,253,710","page_number":8,"box":{"x":857,"y":506,"width":117,"height":9}},{"id":"4db2e8fe-9278-43e2-97a3-6d4828270e13","block_type":"box","text":"Sixth Street CLO XIX Ltd., Series 2021-19A, Class D1R,","page_number":8,"box":{"x":521,"y":519,"width":274,"height":9}},{"id":"f319dfe8-566f-422f-965f-653d7e5bb6b1","block_type":"box","text":"(3-mo. CME Term SOFR + 2.80%), 6.48%,","page_number":8,"box":{"x":535,"y":531,"width":206,"height":10}},{"id":"c219b84a-f49a-4a53-ae0d-656431ca3693","block_type":"box","text":"07/17/38","page_number":8,"box":{"x":534,"y":544,"width":42,"height":8}},{"id":"86856bb4-4375-4a4a-887c-48caf1407f79","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":577,"y":543,"width":20,"height":6}},{"id":"5648fe4f-0114-4777-89c5-c880ac25be88","block_type":"box","text":"........................................","page_number":8,"box":{"x":601,"y":551,"width":197,"height":1}},{"id":"4bb2eb54-90b2-4b2c-80e8-8182a2a4294c","block_type":"box","text":"1,000 992,644","page_number":8,"box":{"x":857,"y":544,"width":117,"height":9}},{"id":"db2ea150-114e-4069-ba38-5e01606a8c83","block_type":"box","text":"Sound Point CLO XXVIII Ltd., Series 2020-3A, Class C,","page_number":8,"box":{"x":521,"y":557,"width":270,"height":9}},{"id":"4546860f-2b51-4dc2-8331-fa5927aa180b","block_type":"box","text":"(3-mo. CME Term SOFR + 2.51%), 6.18%,","page_number":8,"box":{"x":535,"y":570,"width":206,"height":10}},{"id":"ab335255-3bdb-4535-b32d-95eab9d4899b","block_type":"box","text":"01/25/32","page_number":8,"box":{"x":534,"y":583,"width":42,"height":8}},{"id":"21409ea3-b74a-49a4-9256-8eeb6f87e8cb","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":577,"y":582,"width":20,"height":6}},{"id":"66985116-d954-4520-8a83-69516eb483c7","block_type":"box","text":"........................................","page_number":8,"box":{"x":601,"y":589,"width":197,"height":2}},{"id":"dec3877b-28ba-49c1-b266-0ffae9cc0029","block_type":"box","text":"870 872,109","page_number":8,"box":{"x":866,"y":583,"width":108,"height":9}},{"id":"5cc6f6dc-2083-42cb-b7cf-4a7408500b3c","block_type":"box","text":"Symphony CLO XXII Ltd., Series 2020-22A, Class CR,","page_number":8,"box":{"x":521,"y":596,"width":266,"height":10}},{"id":"c4208597-9401-4d39-aa7c-e84017b2f6b5","block_type":"box","text":"(3-mo. CME Term SOFR + 2.10%), 5.78%,","page_number":8,"box":{"x":535,"y":609,"width":206,"height":10}},{"id":"c44c180f-426e-4fdd-a60e-38006269aee5","block_type":"box","text":"04/18/33","page_number":8,"box":{"x":534,"y":622,"width":42,"height":7}},{"id":"be9b33c3-dbf8-4bd4-8dff-6e10bee7122d","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":577,"y":620,"width":20,"height":6}},{"id":"2fe72c01-143c-44e8-b181-62ddd11a0689","block_type":"box","text":"........................................","page_number":8,"box":{"x":601,"y":628,"width":197,"height":1}},{"id":"93264cd3-0dec-4111-bae3-e345ba28659f","block_type":"box","text":"1,500 1,506,199","page_number":8,"box":{"x":857,"y":622,"width":117,"height":9}},{"id":"ca6bec95-4add-46e5-a023-1c4e2786a64b","block_type":"box","text":"Tikehau U.S. CLO IV Ltd.","page_number":8,"box":{"x":521,"y":635,"width":123,"height":7}},{"id":"f419b006-a169-440b-aaa8-5c754e479466","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":645,"y":633,"width":19,"height":6}},{"id":"669127d2-1c59-46b9-afa4-80d46b9f727f","block_type":"box","text":"Series 2023-1A, Class DR, (3-mo. CME Term SOFR +","page_number":8,"box":{"x":535,"y":648,"width":263,"height":9}},{"id":"7c032e13-320e-48c4-b0f4-5892d5359e31","block_type":"box","text":"4.20%), 7.87%, 03/15/38","page_number":8,"box":{"x":548,"y":660,"width":120,"height":10}},{"id":"f22efc00-6f52-4409-95a6-fe6f27677999","block_type":"box","text":"..........................","page_number":8,"box":{"x":671,"y":667,"width":127,"height":1}},{"id":"5c84d96e-bdfe-4150-8165-b122be05fa5a","block_type":"box","text":"2,000 2,012,159","page_number":8,"box":{"x":856,"y":661,"width":118,"height":8}},{"id":"36b5b32b-d4ff-4443-8fab-176af3b80c6b","block_type":"box","text":"Series 2023-1A, Class ER, (3-mo. CME Term SOFR +","page_number":8,"box":{"x":535,"y":673,"width":262,"height":10}},{"id":"00ab680b-a781-4a89-8b01-0dd11eace940","block_type":"box","text":"7.89%), 11.56%, 03/15/38","page_number":8,"box":{"x":548,"y":686,"width":126,"height":10}},{"id":"9ee32b14-2d31-44fd-b2bc-fd7c1b407f55","block_type":"box","text":".........................","page_number":8,"box":{"x":676,"y":693,"width":122,"height":1}},{"id":"b12a4abb-8e95-44d9-81f2-0f060aba3d6f","block_type":"box","text":"250 253,362","page_number":8,"box":{"x":865,"y":686,"width":109,"height":9}},{"id":"1109edb9-8606-4096-b873-e9e1713fa9aa","block_type":"box","text":"Trinitas CLO XXIX Ltd., Series 2024-29A, Class E, (3-","page_number":8,"box":{"x":521,"y":699,"width":262,"height":10}},{"id":"f1508a3a-e984-4aa4-9637-0b2e61e4ce91","block_type":"box","text":"mo. CME Term SOFR + 6.50%), 10.17%,","page_number":8,"box":{"x":535,"y":712,"width":199,"height":10}},{"id":"33fb49a9-40c4-4b70-8ebb-14e33df41d8f","block_type":"box","text":"07/23/37","page_number":8,"box":{"x":534,"y":725,"width":42,"height":8}},{"id":"ae60a49d-27d2-4e26-b89a-2a9eb00b1c7b","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":577,"y":723,"width":20,"height":7}},{"id":"e2ad5b80-bfd4-4a9b-aaf6-6c2f8689cd54","block_type":"box","text":"........................................","page_number":8,"box":{"x":601,"y":731,"width":197,"height":1}},{"id":"d852bf1a-6b7c-4271-a39c-e87eda067b88","block_type":"box","text":"1,500 1,506,716","page_number":8,"box":{"x":857,"y":725,"width":117,"height":9}},{"id":"a0372c88-c748-498b-a51a-836b6dab0131","block_type":"box","text":"Voya CLO Ltd., Series 2022-3A, Class DR2, (3-mo. CME","page_number":8,"box":{"x":521,"y":738,"width":277,"height":9}},{"id":"36c987e8-ae41-42a5-b15f-86aa43dc66af","block_type":"box","text":"Term SOFR + 2.60%), 6.28%, 10/20/36","page_number":8,"box":{"x":534,"y":751,"width":192,"height":9}},{"id":"ec610bf0-38d1-437d-8990-b97c97c065e2","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":727,"y":749,"width":19,"height":6}},{"id":"64e0cac4-939d-4ab5-8be6-7ced240c7e33","block_type":"box","text":"..........","page_number":8,"box":{"x":752,"y":757,"width":46,"height":1}},{"id":"97a3ebf5-31d7-490a-a1c4-97f1ffecd9df","block_type":"box","text":"350 349,784","page_number":8,"box":{"x":866,"y":751,"width":108,"height":9}},{"id":"50a0f3b4-1d04-4a05-89b3-c3cf18b6c83f","block_type":"box","text":"Whitebox CLO II Ltd., Series 2020-2A, Class CR2, (3-","page_number":8,"box":{"x":521,"y":764,"width":262,"height":9}},{"id":"51f8a27a-b6f1-4b7b-9c17-8705a8d94d05","block_type":"box","text":"mo. CME Term SOFR + 1.95%), 5.62%, 10/24/37","page_number":8,"box":{"x":535,"y":776,"width":239,"height":10}},{"id":"6ada127a-48c5-4670-a4f8-06936f14a8ff","block_type":"box","text":"(a)(b)","page_number":8,"box":{"x":775,"y":775,"width":20,"height":6}},{"id":"a716ad9c-6a57-438d-8b7d-2812111acce4","block_type":"box","text":".","page_number":8,"box":{"x":797,"y":783,"width":1,"height":1}},{"id":"a7ac12d2-c5de-41b3-93f7-74402c47d3af","block_type":"box","text":"640 641,925","page_number":8,"box":{"x":866,"y":777,"width":108,"height":8}},{"id":"f9c200ab-b996-438e-a509-a8c61cde2572","block_type":"box","text":"Total Asset-Backed Securities — 7.8%","page_number":8,"box":{"x":521,"y":795,"width":198,"height":8}},{"id":"6a8b8244-9b28-460a-aab6-cf91efe3e996","block_type":"box","text":"(Cost: $40,422,316)","page_number":8,"box":{"x":535,"y":808,"width":98,"height":10}},{"id":"450acbb6-9686-43ab-bec9-a737c76f30ab","block_type":"box","text":".................................................","page_number":8,"box":{"x":640,"y":814,"width":243,"height":2}},{"id":"1f081fc3-2e2b-4922-89ac-4daeffa8cecc","block_type":"box","text":"40,361,307","page_number":8,"box":{"x":919,"y":808,"width":55,"height":9}},{"id":"7e094b5f-e804-469a-8bb2-f689c8b84d90","block_type":"box","text":"Consolidated Schedule of Investments","page_number":8,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"73c06adb-4484-4dd2-aec7-c91c656a3025","block_type":"box","text":"(unaudited)","page_number":8,"box":{"x":365,"y":32,"width":61,"height":11}},{"id":"bd39a2e8-b928-4c33-8153-4aca14aec70e","block_type":"box","text":"June 30, 2026","page_number":8,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"2afa32c2-51cd-4c16-a0c2-030192563120","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":8,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"aa7440f9-54ba-4aee-b08f-45aec88f675c","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":8,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"c188b977-45cd-447c-ba67-05ef970891bd","block_type":"box","text":"8","page_number":8,"box":{"x":30,"y":965,"width":7,"height":9}},{"id":"4f1ca78d-89d4-4b30-862a-6d71829090c6","block_type":"box","text":"2026","page_number":8,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"7acae183-71c8-4ae8-87a6-827b15db7d62","block_type":"box","text":"B","page_number":8,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"5fc71967-3ead-4602-9eb2-16421f57f222","block_type":"box","text":"LACK","page_number":8,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"1caff332-0f14-4d79-8813-f50e57829355","block_type":"box","text":"R","page_number":8,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"4b1e1b81-c574-40b1-8067-19d617b55571","block_type":"box","text":"OCK","page_number":8,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"f52b83f0-3f05-4fd3-9d01-09c4ae155c25","block_type":"box","text":"S","page_number":8,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"0dfcb552-dcad-4e2a-a55a-0b353d8080b2","block_type":"box","text":"EMI","page_number":8,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"764c30eb-a6a5-407c-9e8e-d3a227801d1f","block_type":"box","text":"-A","page_number":8,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"902c6bfa-57e9-4d4b-8b63-04d2c06ee76a","block_type":"box","text":"NNUAL","page_number":8,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"9b6b70a9-469f-4888-a392-aba2079a866c","block_type":"box","text":"NM0826U-5876566-8/56 R EPORT TO S HAR","page_number":8,"box":{"x":757,"y":969,"width":138,"height":7}},{"id":"0a1c958f-5169-4bb0-95bd-fdbfd35c2651","block_type":"box","text":"NM\r\nR","page_number":8,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"62e2fba1-b583-4d87-8051-2bd736eaf7cc","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":8,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"625bf43d-9acb-4542-aa0a-883229d6d4c2","block_type":"box","text":"66\r\nS","page_number":8,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"65439593-2c71-4206-8ef2-4abc5e774f2b","block_type":"box","text":"-8/56 \r\nHAREHOLDERS","page_number":8,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"265c712d-39df-424a-aea3-d37950a5a106","block_type":"box","text":"Security Shares Value","page_number":9,"box":{"x":31,"y":98,"width":452,"height":9}},{"id":"0427edfa-302f-486f-9e9d-da833cde1f9e","block_type":"box","text":"Common Stocks","page_number":9,"box":{"x":30,"y":117,"width":108,"height":10}},{"id":"23888ec4-38aa-45bd-b24d-857b88ff0335","block_type":"box","text":"Broadline Retail — 0.0%","page_number":9,"box":{"x":31,"y":140,"width":124,"height":7}},{"id":"3b096987-1e1f-424d-be73-51ab65445918","block_type":"box","text":"Thrasio LLC, (Acquired 06/18/24, Cost:","page_number":9,"box":{"x":30,"y":152,"width":190,"height":10}},{"id":"148a007f-0b79-42ee-94ff-6d47a81bde80","block_type":"box","text":"$1,907,522)","page_number":9,"box":{"x":44,"y":165,"width":57,"height":10}},{"id":"fc6100dc-a377-44d5-a2a6-27bcc44ac971","block_type":"box","text":"(c)(d)(e)","page_number":9,"box":{"x":102,"y":164,"width":29,"height":6}},{"id":"2d3000f7-5e23-4a0e-b2e4-1a612c87fb87","block_type":"box","text":"...................................","page_number":9,"box":{"x":136,"y":172,"width":173,"height":1}},{"id":"d6b30f8e-12f1-49fa-863b-1ba3a0f4209b","block_type":"box","text":"20,031 $ —","page_number":9,"box":{"x":361,"y":165,"width":122,"height":9}},{"id":"bcdec7d8-74e6-4a71-9de8-19030d12f5c4","block_type":"box","text":"Commercial Services & Supplies — 0.0%","page_number":9,"box":{"x":30,"y":184,"width":213,"height":10}},{"id":"89aa17bc-b4b9-4394-9fd6-73ea0e5eb1d9","block_type":"box","text":"Kellermeyer Bergensons Services LLC, Preference","page_number":9,"box":{"x":31,"y":197,"width":248,"height":10}},{"id":"f3f70a24-3e0a-4706-bf62-0b6e0560133d","block_type":"box","text":"Shares","page_number":9,"box":{"x":44,"y":210,"width":34,"height":7}},{"id":"5debcb21-ae2f-4a7f-9c0e-460b624cda15","block_type":"box","text":"(c)(d)","page_number":9,"box":{"x":79,"y":208,"width":18,"height":7}},{"id":"83a8815d-8578-4f81-8ff9-1cd28e9339a8","block_type":"box","text":"..........................................","page_number":9,"box":{"x":101,"y":216,"width":208,"height":1}},{"id":"85c59df8-b4d0-4ce0-a57f-38546055d063","block_type":"box","text":"45,118 —","page_number":9,"box":{"x":361,"y":210,"width":122,"height":9}},{"id":"9e4cf574-73ee-4150-907b-14e8b7c66008","block_type":"box","text":"Containers & Packaging — 0.0%","page_number":9,"box":{"x":30,"y":229,"width":168,"height":9}},{"id":"c4780854-5e65-49f5-a101-18f580d9ce65","block_type":"box","text":"Labels Buyer LLC","page_number":9,"box":{"x":31,"y":241,"width":86,"height":10}},{"id":"9cc91d35-9f62-4a4e-938c-8d68753458e5","block_type":"box","text":"(d)","page_number":9,"box":{"x":118,"y":240,"width":9,"height":6}},{"id":"be9882f9-f331-473f-9b77-52f3396a133a","block_type":"box","text":"....................................","page_number":9,"box":{"x":131,"y":248,"width":178,"height":1}},{"id":"3f6ee8ce-b91b-4f31-8fa8-517d57288f7b","block_type":"box","text":"9 827","page_number":9,"box":{"x":388,"y":242,"width":95,"height":7}},{"id":"00d668d7-c235-4fb0-9824-b3be02ce047c","block_type":"box","text":"Diversified Consumer Services — 0.0%","page_number":9,"box":{"x":31,"y":260,"width":202,"height":8}},{"id":"36a2b158-c675-4856-9289-a058fadd4249","block_type":"box","text":"United Site Services, Inc.","page_number":9,"box":{"x":31,"y":273,"width":121,"height":9}},{"id":"63d1596b-9963-4903-9b9b-618f9f0e9e1e","block_type":"box","text":"(c)(d)","page_number":9,"box":{"x":153,"y":272,"width":19,"height":6}},{"id":"838c56e5-765b-43e5-9d60-80894ad133a7","block_type":"box","text":"...........................","page_number":9,"box":{"x":177,"y":279,"width":132,"height":2}},{"id":"158d2c5c-c0f2-4742-8052-da56fcf950af","block_type":"box","text":"1,875 18,750","page_number":9,"box":{"x":368,"y":273,"width":115,"height":9}},{"id":"2a98b024-4d8d-42c4-b13c-6a0227b769f1","block_type":"box","text":"Diversified Telecommunication Services — 0.0%","page_number":9,"box":{"x":31,"y":292,"width":250,"height":8}},{"id":"66483705-7cb3-4389-9533-5846ca75fcec","block_type":"box","text":"Altice France Lux 3","page_number":9,"box":{"x":30,"y":305,"width":94,"height":7}},{"id":"dff21a5f-6a4a-46dc-96ab-57ba1aa5502f","block_type":"box","text":"(d)","page_number":9,"box":{"x":125,"y":303,"width":9,"height":6}},{"id":"2d048499-96ae-4cad-8e86-d2c1ad2cc477","block_type":"box","text":"...................................","page_number":9,"box":{"x":136,"y":311,"width":173,"height":1}},{"id":"be03d8f4-3cc5-414b-8285-230fc597142f","block_type":"box","text":"1,685 33,196","page_number":9,"box":{"x":368,"y":305,"width":115,"height":9}},{"id":"534da3cb-87bc-4253-93f8-ef58b4d6978e","block_type":"box","text":"Financial Services — 0.0%","page_number":9,"box":{"x":31,"y":323,"width":137,"height":8}},{"id":"2b45df0a-bbe2-4d50-8862-1d7c886edb71","block_type":"box","text":"Creditex LLC, Class 1","page_number":9,"box":{"x":30,"y":336,"width":105,"height":9}},{"id":"66801d1f-8343-4074-bbc9-34cb8b7868ab","block_type":"box","text":"(c)(d)","page_number":9,"box":{"x":137,"y":335,"width":19,"height":6}},{"id":"8840c4a1-e1e2-41da-8429-4233a5a97edb","block_type":"box","text":"..............................","page_number":9,"box":{"x":162,"y":343,"width":147,"height":1}},{"id":"268e514e-0a07-4364-930f-46915436d7b3","block_type":"box","text":"11,363 —","page_number":9,"box":{"x":362,"y":336,"width":121,"height":9}},{"id":"d59a464b-20cd-4d71-8be5-0b9e7c4add76","block_type":"box","text":"Food Products — 0.0%","page_number":9,"box":{"x":31,"y":355,"width":118,"height":8}},{"id":"497054bb-74c7-4631-99fc-b9f742781d70","block_type":"box","text":"Juice Plus & Co. LLC","page_number":9,"box":{"x":30,"y":368,"width":103,"height":7}},{"id":"7826857b-1f55-4b73-be21-d5ac46be6200","block_type":"box","text":"(c)(d)(f)","page_number":9,"box":{"x":134,"y":366,"width":27,"height":6}},{"id":"9d735f46-c302-4f38-8b33-6fff64ce6e3a","block_type":"box","text":".............................","page_number":9,"box":{"x":167,"y":374,"width":142,"height":1}},{"id":"cde806ec-dff0-4599-93ce-cf3436e67d6d","block_type":"box","text":"5,780 —","page_number":9,"box":{"x":367,"y":368,"width":116,"height":9}},{"id":"9352842a-c5f7-43b8-9fc2-c3dfa0910bad","block_type":"box","text":"Health Care Providers & Services — 0.0%","page_number":9,"box":{"x":31,"y":386,"width":214,"height":8}},{"id":"b285af1a-c48a-4cec-939b-bada3b98a850","block_type":"box","text":"Quorum Restructuring Equity","page_number":9,"box":{"x":30,"y":399,"width":142,"height":10}},{"id":"5a920b22-6632-4f66-98d0-0da1bf9bec20","block_type":"box","text":"(c)(d)","page_number":9,"box":{"x":172,"y":398,"width":19,"height":6}},{"id":"faad9008-13e6-4213-9ef2-ee53d0f6468b","block_type":"box","text":".......................","page_number":9,"box":{"x":197,"y":406,"width":112,"height":1}},{"id":"1c8bdb44-7d2f-4468-b215-1bf3da1c8918","block_type":"box","text":"43,661 —","page_number":9,"box":{"x":360,"y":399,"width":123,"height":9}},{"id":"6c6b9cc4-5b17-4aa8-9b2f-ccf73af5677c","block_type":"box","text":"Household Durables","page_number":9,"box":{"x":31,"y":418,"width":105,"height":8}},{"id":"20968630-15a3-405c-9445-146d86e514ad","block_type":"box","text":"(d)","page_number":9,"box":{"x":137,"y":417,"width":10,"height":6}},{"id":"a38aa11a-257d-4516-9db0-8809dabafabd","block_type":"box","text":"— 0.0%","page_number":9,"box":{"x":151,"y":418,"width":38,"height":8}},{"id":"8c6d5efd-b301-461b-86d1-01ff64cf1ef1","block_type":"box","text":"Razor Group & Infinite Commerce","page_number":9,"box":{"x":31,"y":431,"width":164,"height":9}},{"id":"56e80270-3a68-4426-b8ff-6d90f94a6eee","block_type":"box","text":"(c)","page_number":9,"box":{"x":196,"y":430,"width":9,"height":6}},{"id":"32b1d803-2011-49f2-9af8-d8d347f0c630","block_type":"box","text":".....................","page_number":9,"box":{"x":207,"y":437,"width":102,"height":1}},{"id":"6a29bfe6-a584-472d-ab4d-82957c1232fe","block_type":"box","text":"23,794 1","page_number":9,"box":{"x":361,"y":431,"width":120,"height":9}},{"id":"f5b3f167-afaf-4389-abb1-a973b417d4a9","block_type":"box","text":"SVP Singer","page_number":9,"box":{"x":30,"y":444,"width":57,"height":9}},{"id":"261f8e0e-e583-461a-84b7-4264391a8ba1","block_type":"box","text":"............................................","page_number":9,"box":{"x":91,"y":450,"width":218,"height":1}},{"id":"18580b4e-02aa-409a-8267-2bc3e80f818a","block_type":"box","text":"1,930 12,545","page_number":9,"box":{"x":368,"y":444,"width":115,"height":9}},{"id":"7acd7a7d-34ca-458f-af1a-e977eab3b457","block_type":"box","text":"Vingilholding Sellerx Holdco B","page_number":9,"box":{"x":30,"y":457,"width":146,"height":9}},{"id":"7f95b23e-e80d-4f61-9a55-85acef7308ec","block_type":"box","text":"(c)","page_number":9,"box":{"x":177,"y":455,"width":9,"height":6}},{"id":"c461e4b6-cd25-40ec-ae38-79393174c5f2","block_type":"box","text":"........................","page_number":9,"box":{"x":192,"y":463,"width":117,"height":1}},{"id":"57ea6d51-84b2-418d-9b51-748c61399010","block_type":"box","text":"17,109 —","page_number":9,"box":{"x":361,"y":457,"width":122,"height":9}},{"id":"de6b5407-f68f-4b49-bff0-608c1d394b6d","block_type":"box","text":"Vingilholding Sellerx Holdco C","page_number":9,"box":{"x":30,"y":470,"width":147,"height":9}},{"id":"557daae7-1755-479c-b092-cf062d6be3fd","block_type":"box","text":"(c)","page_number":9,"box":{"x":178,"y":468,"width":8,"height":6}},{"id":"f47fab40-38ff-4016-b318-456e81428708","block_type":"box","text":"........................","page_number":9,"box":{"x":192,"y":476,"width":117,"height":1}},{"id":"de5071f8-36cd-4118-aaad-dd1a6a35dd16","block_type":"box","text":"17,109 —","page_number":9,"box":{"x":361,"y":470,"width":122,"height":9}},{"id":"096f1ae4-35d2-4cf4-81c4-d29299e27001","block_type":"box","text":"Vingilholding Sellerx Holdco D","page_number":9,"box":{"x":30,"y":483,"width":147,"height":9}},{"id":"02a17302-df61-4427-a117-26266d6a3323","block_type":"box","text":"(c)","page_number":9,"box":{"x":178,"y":481,"width":8,"height":6}},{"id":"3b72dd50-3b2d-4d5a-ac97-b3797eb52c9b","block_type":"box","text":"........................","page_number":9,"box":{"x":192,"y":489,"width":117,"height":1}},{"id":"c5d52f9b-25a2-40b1-a9f9-43686c564608","block_type":"box","text":"17,109 —","page_number":9,"box":{"x":361,"y":483,"width":122,"height":8}},{"id":"45332f99-e02b-4fdc-a0fd-c5cccad992fd","block_type":"box","text":"Virgil Holdings, Inc.","page_number":9,"box":{"x":30,"y":496,"width":93,"height":9}},{"id":"f715339d-8511-4032-818e-a30b574c7a7f","block_type":"box","text":"(c)","page_number":9,"box":{"x":124,"y":494,"width":9,"height":6}},{"id":"52fcdf2c-26d1-4141-a0db-06ef698c26ac","block_type":"box","text":"...................................","page_number":9,"box":{"x":136,"y":502,"width":173,"height":1}},{"id":"c0c0fdf9-b723-45d3-9793-5bd4a463419f","block_type":"box","text":"17,109 —","page_number":9,"box":{"x":361,"y":495,"width":122,"height":9}},{"id":"11ddb2b3-44d4-47fb-a8a2-597499ebc991","block_type":"box","text":"12,546","page_number":9,"box":{"x":451,"y":512,"width":32,"height":8}},{"id":"9db15431-6cc7-4484-88fa-79784cb0815a","block_type":"box","text":"IT Services — 0.0%","page_number":9,"box":{"x":30,"y":527,"width":99,"height":8}},{"id":"05a5f8d2-8c6a-4dd4-8f49-7baa564c8b9a","block_type":"box","text":"Suited Connector LLC","page_number":9,"box":{"x":30,"y":540,"width":108,"height":8}},{"id":"2232f62d-acb4-4e69-a097-ae50cb6c9553","block_type":"box","text":"(c)(d)(f)","page_number":9,"box":{"x":139,"y":539,"width":26,"height":6}},{"id":"96c10e61-83c3-44f3-9dc2-6e3571e82874","block_type":"box","text":"............................","page_number":9,"box":{"x":172,"y":546,"width":137,"height":1}},{"id":"5e57e3aa-4dd0-459d-bc42-95c565289547","block_type":"box","text":"3,062,209 31","page_number":9,"box":{"x":345,"y":540,"width":136,"height":9}},{"id":"b8e37285-8adc-4a82-b874-8897b00c38c3","block_type":"box","text":"Paper & Forest Products — 0.0%","page_number":9,"box":{"x":31,"y":559,"width":169,"height":9}},{"id":"8f5d112c-f05b-4c32-a121-76b7e3051390","block_type":"box","text":"New Kleo Holdco","page_number":9,"box":{"x":31,"y":572,"width":83,"height":7}},{"id":"f5ed69b2-9b8e-4d28-9cf2-19646784a769","block_type":"box","text":"(c)(d)","page_number":9,"box":{"x":115,"y":570,"width":18,"height":6}},{"id":"366636ef-e1f3-41a5-b19f-50cf0ae5c80e","block_type":"box","text":"...................................","page_number":9,"box":{"x":136,"y":578,"width":173,"height":1}},{"id":"7e69e37d-a301-44e9-8f0d-b5546c766f5f","block_type":"box","text":"15,192 26,038","page_number":9,"box":{"x":361,"y":572,"width":122,"height":8}},{"id":"d241bc0d-8f74-4836-b6e3-5d7c777782b6","block_type":"box","text":"Professional Services — 0.0%","page_number":9,"box":{"x":31,"y":590,"width":155,"height":8}},{"id":"8c44881f-4422-4b11-9769-de02a95e1a9b","block_type":"box","text":"Travelport LLC","page_number":9,"box":{"x":30,"y":603,"width":72,"height":10}},{"id":"355a9c51-8d0d-44fa-8ef5-924bae6b4088","block_type":"box","text":"(c)(d)","page_number":9,"box":{"x":103,"y":602,"width":18,"height":6}},{"id":"f056082d-ea46-4acc-9bf6-3c92fc95f80a","block_type":"box","text":".....................................","page_number":9,"box":{"x":126,"y":609,"width":183,"height":2}},{"id":"97247424-78e9-4c54-9ed8-c9255b1f308a","block_type":"box","text":"10 6,842","page_number":9,"box":{"x":383,"y":603,"width":100,"height":9}},{"id":"bee4cd7f-bab3-4bef-933d-ba7f8b3a34a0","block_type":"box","text":"Real Estate Management & Development — 0.0%","page_number":9,"box":{"x":31,"y":622,"width":253,"height":9}},{"id":"e7d3d1dc-d51b-42d6-ac51-97487a95f96e","block_type":"box","text":"ADLER Group SA","page_number":9,"box":{"x":30,"y":635,"width":88,"height":9}},{"id":"f2428a06-48c8-4135-9293-acad0aaf8b45","block_type":"box","text":"(c)(d)","page_number":9,"box":{"x":118,"y":633,"width":19,"height":6}},{"id":"fb7225d1-bbac-41e6-b560-bb7028806698","block_type":"box","text":"..................................","page_number":9,"box":{"x":141,"y":641,"width":168,"height":1}},{"id":"0aa57835-b909-4583-814d-3cb5bb6cc049","block_type":"box","text":"16,485 —","page_number":9,"box":{"x":361,"y":635,"width":122,"height":9}},{"id":"c0c5bde7-99e9-4ef2-af1c-d7404a6a4535","block_type":"box","text":"Software — 0.0%","page_number":9,"box":{"x":30,"y":653,"width":88,"height":8}},{"id":"1a385f07-dd76-4e91-84f1-5b342da1ee17","block_type":"box","text":"Pluralsight LLC, (Acquired 08/22/24, Cost:","page_number":9,"box":{"x":31,"y":666,"width":204,"height":10}},{"id":"99e04e42-e06c-49ce-8a47-1db6d0a79b62","block_type":"box","text":"$77,568)","page_number":9,"box":{"x":44,"y":679,"width":42,"height":10}},{"id":"58cf79de-91f9-48ec-bc75-67bbf2548bab","block_type":"box","text":"(c)(d)(e)","page_number":9,"box":{"x":87,"y":678,"width":29,"height":6}},{"id":"224a7e88-310f-410f-99b0-8a48322bfcc5","block_type":"box","text":"......................................","page_number":9,"box":{"x":121,"y":685,"width":188,"height":2}},{"id":"a80b3ad7-8b6e-40cc-94da-6df6bfac1789","block_type":"box","text":"208,956 2","page_number":9,"box":{"x":354,"y":679,"width":129,"height":9}},{"id":"321841dc-ca72-4d64-a443-a883f054e8e1","block_type":"box","text":"Technology Hardware, Storage & Peripherals — 0.0%","page_number":9,"box":{"x":30,"y":698,"width":276,"height":9}},{"id":"0d8ac915-ed67-4d48-9050-ca2e45ff2ab2","block_type":"box","text":"VCI Intermediate Topco 2 LLC","page_number":9,"box":{"x":30,"y":711,"width":147,"height":9}},{"id":"c7e710d8-e0bb-4369-8679-1be2375fe94d","block_type":"box","text":"(c)(d)(f)","page_number":9,"box":{"x":178,"y":709,"width":26,"height":6}},{"id":"b443e35e-fbb9-4b71-8723-d76e0f3ae1ef","block_type":"box","text":".....................","page_number":9,"box":{"x":207,"y":717,"width":102,"height":1}},{"id":"8d708491-763b-437c-8458-3508885cfef9","block_type":"box","text":"91,734 96,779","page_number":9,"box":{"x":361,"y":711,"width":122,"height":9}},{"id":"30f92535-808f-4379-bf32-747f67eb4603","block_type":"box","text":"Trading Companies & Distributors — 0.0%","page_number":9,"box":{"x":30,"y":729,"width":219,"height":10}},{"id":"c9b12071-908e-4569-ab1f-82e41423f138","block_type":"box","text":"TMK Hawk Midco Corp.","page_number":9,"box":{"x":30,"y":742,"width":115,"height":10}},{"id":"e4a88ee0-fd0b-46a9-ba28-9ffc4cecb3e1","block_type":"box","text":"(d)","page_number":9,"box":{"x":147,"y":741,"width":9,"height":6}},{"id":"ff5d1402-849b-4fbf-8e4c-42257f02d09e","block_type":"box","text":"..............................","page_number":9,"box":{"x":162,"y":749,"width":147,"height":1}},{"id":"3915206b-465b-402b-99c7-3c5ae8c41f95","block_type":"box","text":"543 1,086","page_number":9,"box":{"x":376,"y":742,"width":107,"height":9}},{"id":"6f7e0eea-15c3-47ad-a124-9051ad6c6548","block_type":"box","text":"Total Common Stocks — 0.0%","page_number":9,"box":{"x":30,"y":761,"width":156,"height":8}},{"id":"3d20b250-33e0-4803-83c5-49c96dda0705","block_type":"box","text":"(Cost: $2,271,317)","page_number":9,"box":{"x":44,"y":773,"width":92,"height":11}},{"id":"bed5b923-07f3-48a5-bb44-ebe9eabf9609","block_type":"box","text":"...................................................","page_number":9,"box":{"x":140,"y":780,"width":253,"height":1}},{"id":"ea7ab485-b82b-4569-975e-7934de69cbb0","block_type":"box","text":"196,097","page_number":9,"box":{"x":445,"y":774,"width":38,"height":9}},{"id":"e33cc8dc-3a6a-4e0b-904b-d82c213cb184","block_type":"box","text":"Security","page_number":9,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"53ff8156-7beb-4670-8052-6f1dc8930a7c","block_type":"box","text":"Par","page_number":9,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"a5194e4d-7a5d-4b99-9a28-3ba1829a6829","block_type":"box","text":"(000) Value","page_number":9,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"12e3d003-9b9f-4fdb-ac1e-427aa437c2e5","block_type":"box","text":"Corporate Bonds","page_number":9,"box":{"x":521,"y":117,"width":112,"height":12}},{"id":"087cb27e-6862-494a-92fa-5690b8cd91ac","block_type":"box","text":"Automobile Components","page_number":9,"box":{"x":521,"y":140,"width":129,"height":9}},{"id":"efa913e5-e4b4-452f-8994-c15f822cbf78","block_type":"box","text":"(b)","page_number":9,"box":{"x":651,"y":138,"width":10,"height":6}},{"id":"eac603ef-c15e-4ddc-b2ed-126a0dfc7fa7","block_type":"box","text":"— 0.6%","page_number":9,"box":{"x":664,"y":140,"width":39,"height":7}},{"id":"ea9aff0a-1242-4cdf-ae99-db3b1747da24","block_type":"box","text":"American Axle & Manufacturing, Inc., 7.75%, 10/15/33","page_number":9,"box":{"x":521,"y":152,"width":263,"height":10}},{"id":"1c63ac49-aa9d-4bac-814a-a1a0dab1af85","block_type":"box","text":"...","page_number":9,"box":{"x":787,"y":159,"width":11,"height":1}},{"id":"1dd76ee8-3843-4f62-8252-b6b2463e18f0","block_type":"box","text":"USD 1,480 $ 1,462,043","page_number":9,"box":{"x":810,"y":152,"width":164,"height":9}},{"id":"3b095301-2a2c-4e91-b0e5-b9085edd2490","block_type":"box","text":"Tenneco, Inc., 8.00%, 11/17/28","page_number":9,"box":{"x":521,"y":165,"width":150,"height":9}},{"id":"368fe9e9-61ad-47ca-9780-db966860ac65","block_type":"box","text":".........................","page_number":9,"box":{"x":676,"y":172,"width":122,"height":1}},{"id":"150c1fe6-dbc2-4b13-8ac4-ab34e4a9a346","block_type":"box","text":"1,448 1,457,056","page_number":9,"box":{"x":857,"y":165,"width":117,"height":9}},{"id":"411d22d9-d092-4068-9285-83b5b80e62dd","block_type":"box","text":"2,919,099","page_number":9,"box":{"x":925,"y":182,"width":49,"height":8}},{"id":"2fcfe2f6-b34d-4486-85bf-2229d11b618a","block_type":"box","text":"Chemicals — 0.0%","page_number":9,"box":{"x":521,"y":197,"width":96,"height":8}},{"id":"eeab5873-d29a-4854-a8c0-2d60bbf06707","block_type":"box","text":"Advancion Sciences, Inc., (9.25% Cash or 10.00% PIK),","page_number":9,"box":{"x":521,"y":210,"width":272,"height":10}},{"id":"b1904620-fd68-426b-8eff-ff700b7f6699","block_type":"box","text":"9.25%, 11/01/26","page_number":9,"box":{"x":534,"y":223,"width":79,"height":9}},{"id":"15f9860d-66c8-4ee9-a1d9-27bf8c1f88e6","block_type":"box","text":"(b)(g)","page_number":9,"box":{"x":614,"y":221,"width":19,"height":6}},{"id":"629ed5b3-be84-45a5-b229-51864b1af0f2","block_type":"box","text":".................................","page_number":9,"box":{"x":636,"y":229,"width":162,"height":1}},{"id":"e79574be-fc92-4a39-9fd9-7f2fb11fa847","block_type":"box","text":"31 24,528","page_number":9,"box":{"x":872,"y":223,"width":102,"height":9}},{"id":"a635b5bf-e2c8-4955-ad34-16ed7419c7c9","block_type":"box","text":"Lune Holdings SARL, 5.63%, 11/15/28","page_number":9,"box":{"x":521,"y":236,"width":187,"height":9}},{"id":"aef3a581-63af-4a61-814c-b5a6109da5db","block_type":"box","text":"(h)","page_number":9,"box":{"x":709,"y":234,"width":9,"height":6}},{"id":"31db7221-f9a2-4439-aaf1-a49659825984","block_type":"box","text":"................","page_number":9,"box":{"x":722,"y":242,"width":76,"height":1}},{"id":"e1192268-d29e-46bc-a392-43c5c6f8664b","block_type":"box","text":"EUR 102 1,165","page_number":9,"box":{"x":810,"y":236,"width":164,"height":9}},{"id":"60c5d4fd-d8df-41b3-82e4-e98c10cdef99","block_type":"box","text":"25,693","page_number":9,"box":{"x":941,"y":252,"width":33,"height":9}},{"id":"e6271b74-be81-4e66-a9d6-c0d8f6de59e0","block_type":"box","text":"Communications Equipment — 0.2%","page_number":9,"box":{"x":521,"y":267,"width":191,"height":10}},{"id":"da601927-84be-4d54-9d0b-27827df3a05a","block_type":"box","text":"Viasat, Inc., 6.50%, 07/15/28","page_number":9,"box":{"x":521,"y":280,"width":140,"height":9}},{"id":"9687a497-8cde-4b9a-b9fb-86a6b2b1eb08","block_type":"box","text":"(b)","page_number":9,"box":{"x":662,"y":279,"width":9,"height":6}},{"id":"e5f164ab-d151-4af9-af64-244eaa6abcbd","block_type":"box","text":".........................","page_number":9,"box":{"x":676,"y":286,"width":122,"height":2}},{"id":"79e09cc6-324e-4701-b053-6157e6b18a28","block_type":"box","text":"USD 1,096 1,093,265","page_number":9,"box":{"x":810,"y":280,"width":164,"height":9}},{"id":"088a1079-46d1-43d1-acd2-3533d57a0066","block_type":"box","text":"Diversified Telecommunication Services — 0.3%","page_number":9,"box":{"x":521,"y":299,"width":251,"height":8}},{"id":"72d6b78f-90d6-44bb-8ad5-9b34aaab0e9b","block_type":"box","text":"Uniti Group LP/Uniti Group Finance 2019, Inc./CSL","page_number":9,"box":{"x":521,"y":312,"width":248,"height":9}},{"id":"94ff2921-1c35-4563-a790-c3bb789cf075","block_type":"box","text":"Capital LLC, Series Feb, 8.63%, 06/15/32","page_number":9,"box":{"x":535,"y":325,"width":202,"height":9}},{"id":"bdc09954-6df9-44af-9f8d-655bd8dbcb8a","block_type":"box","text":"(b)","page_number":9,"box":{"x":738,"y":323,"width":9,"height":6}},{"id":"df47ae12-4dd8-482e-b37d-2fa0456db7bc","block_type":"box","text":"..........","page_number":9,"box":{"x":752,"y":331,"width":46,"height":1}},{"id":"ada9545b-36e3-41ab-81cd-f0725f39c54f","block_type":"box","text":"1,248 1,301,933","page_number":9,"box":{"x":857,"y":325,"width":117,"height":9}},{"id":"a6b76fc6-341b-4154-b2e1-382e19a5793a","block_type":"box","text":"Electric Utilities — 0.0%","page_number":9,"box":{"x":521,"y":343,"width":124,"height":8}},{"id":"bec3daee-a279-491d-8009-95c31af664b2","block_type":"box","text":"Star Energy Geothermal Wayang Windu Ltd., 6.75%,","page_number":9,"box":{"x":521,"y":356,"width":257,"height":10}},{"id":"aba20b89-ea95-4ffe-88cf-adba0722274a","block_type":"box","text":"04/24/33","page_number":9,"box":{"x":534,"y":369,"width":42,"height":8}},{"id":"14ab1f6a-cdee-4dd4-833a-699f3f35764c","block_type":"box","text":"(h)","page_number":9,"box":{"x":577,"y":368,"width":10,"height":6}},{"id":"261579d3-a66f-41ab-ba0d-7bbbbffb1b60","block_type":"box","text":"..........................................","page_number":9,"box":{"x":591,"y":375,"width":207,"height":2}},{"id":"4a521a4c-996e-4d23-80ca-76f4507ebacc","block_type":"box","text":"120 122,006","page_number":9,"box":{"x":866,"y":369,"width":108,"height":9}},{"id":"2243fc1b-9272-4401-b8c2-225c95b06079","block_type":"box","text":"Entertainment — 0.5%","page_number":9,"box":{"x":521,"y":388,"width":116,"height":8}},{"id":"f1370975-b6a3-4913-96a2-087fe96538df","block_type":"box","text":"Firy, Inc., 10.25%, 12/15/26","page_number":9,"box":{"x":522,"y":401,"width":132,"height":9}},{"id":"14f41595-6f55-49eb-889e-fb439e4fc9ca","block_type":"box","text":"(b)","page_number":9,"box":{"x":655,"y":399,"width":9,"height":6}},{"id":"f90515f3-c7e2-4e2b-9b94-60c3a657bc91","block_type":"box","text":"...........................","page_number":9,"box":{"x":666,"y":407,"width":132,"height":1}},{"id":"9f3feb9c-6f66-4181-b978-5c0b6a627954","block_type":"box","text":"2,518 2,502,263","page_number":9,"box":{"x":856,"y":401,"width":118,"height":9}},{"id":"f73e1db4-0e50-4277-922b-7a6adf4e6c59","block_type":"box","text":"Financial Services","page_number":9,"box":{"x":521,"y":419,"width":96,"height":8}},{"id":"4b2e5f8d-4fe2-48d5-871a-dcac504223ef","block_type":"box","text":"(b)","page_number":9,"box":{"x":618,"y":418,"width":9,"height":6}},{"id":"4e923f86-22fd-48c5-84b7-a5fb2d2050f9","block_type":"box","text":"— 1.1%","page_number":9,"box":{"x":631,"y":419,"width":38,"height":8}},{"id":"17e4f5d5-8630-403a-9416-463af45ae839","block_type":"box","text":"CrossCountry Intermediate HoldCo LLC, 6.75%,","page_number":9,"box":{"x":521,"y":432,"width":234,"height":10}},{"id":"0760d46a-3513-48f9-8a16-650957df3946","block_type":"box","text":"12/01/32","page_number":9,"box":{"x":535,"y":445,"width":41,"height":8}},{"id":"ee814183-ca38-4b60-8aa9-1f8c5e871670","block_type":"box","text":"............................................","page_number":9,"box":{"x":580,"y":451,"width":218,"height":2}},{"id":"0e3698a7-047c-493e-9056-157bc95538a4","block_type":"box","text":"730 704,796","page_number":9,"box":{"x":866,"y":445,"width":108,"height":9}},{"id":"6bfd30d7-307a-48a7-acec-6c7c4861c7c2","block_type":"box","text":"Freedom Mortgage Holdings LLC, 6.88%, 05/01/31","page_number":9,"box":{"x":522,"y":458,"width":246,"height":10}},{"id":"cfba63c8-3433-4010-a45d-7645c8b5d9e7","block_type":"box","text":"......","page_number":9,"box":{"x":772,"y":464,"width":26,"height":2}},{"id":"57ef9898-408d-4ec1-8f03-64d44ed62e84","block_type":"box","text":"2,700 2,620,249","page_number":9,"box":{"x":856,"y":458,"width":118,"height":9}},{"id":"9f92705f-4317-437e-be31-0b3639e6049a","block_type":"box","text":"Osaic Holdings, Inc., 8.00%, 08/01/33","page_number":9,"box":{"x":521,"y":471,"width":183,"height":10}},{"id":"fc557476-287a-4a85-8d46-60d79a16d73b","block_type":"box","text":"...................","page_number":9,"box":{"x":707,"y":477,"width":91,"height":1}},{"id":"449ed39b-a835-4d06-8624-ca706240d4ed","block_type":"box","text":"1,417 1,422,233","page_number":9,"box":{"x":857,"y":471,"width":117,"height":9}},{"id":"f12c3bc9-3a8e-4733-86ea-5886064af16a","block_type":"box","text":"PHH Escrow Issuer LLC/PHH Corp., 9.88%, 11/01/29","page_number":9,"box":{"x":521,"y":484,"width":260,"height":9}},{"id":"79f05620-d5b5-48f1-8243-63e44b6b1ed2","block_type":"box","text":"...","page_number":9,"box":{"x":787,"y":490,"width":11,"height":1}},{"id":"f7f19c2e-7230-41d0-8b7b-20bad9952c27","block_type":"box","text":"1,155 1,130,489","page_number":9,"box":{"x":857,"y":484,"width":117,"height":9}},{"id":"12a21207-fce0-4087-8e48-647ae96458cc","block_type":"box","text":"5,877,767","page_number":9,"box":{"x":926,"y":500,"width":48,"height":9}},{"id":"6a119e32-3d62-42fd-97c7-85cf9b695bfa","block_type":"box","text":"Health Care Providers & Services — 0.1%","page_number":9,"box":{"x":521,"y":515,"width":215,"height":8}},{"id":"7de1eaa3-e296-453c-85b2-08b0c48e7497","block_type":"box","text":"Charlotte Buyer, Inc., 8.00%, 06/30/31","page_number":9,"box":{"x":521,"y":528,"width":184,"height":10}},{"id":"b4e2c537-86c8-49d3-ba8e-7ec04f8fb8ed","block_type":"box","text":"(b)","page_number":9,"box":{"x":707,"y":527,"width":9,"height":6}},{"id":"8ec2bdcd-af46-4ad6-a5a5-d5a59ea70e05","block_type":"box","text":"................","page_number":9,"box":{"x":722,"y":535,"width":76,"height":1}},{"id":"1905f3bf-ac80-4b04-9d0c-4609f6af3fc0","block_type":"box","text":"490 496,023","page_number":9,"box":{"x":865,"y":528,"width":109,"height":9}},{"id":"e8d312af-cc8b-49a8-af31-6a29509ffc4d","block_type":"box","text":"Hotels, Restaurants & Leisure","page_number":9,"box":{"x":521,"y":547,"width":155,"height":9}},{"id":"2bcd0a81-8df6-461e-8e80-15a37f5a686d","block_type":"box","text":"(b)","page_number":9,"box":{"x":677,"y":546,"width":10,"height":6}},{"id":"11f2ea42-5b91-4c2e-a373-8ba4cf829f4a","block_type":"box","text":"— 0.6%","page_number":9,"box":{"x":690,"y":547,"width":39,"height":8}},{"id":"691a49da-8135-4f02-a2d2-3d268c7ac5f8","block_type":"box","text":"Mohegan Tribal Gaming Authority/MS Digital","page_number":9,"box":{"x":521,"y":560,"width":216,"height":10}},{"id":"f29335ba-3256-4872-a6cd-94d526cfd2c9","block_type":"box","text":"Entertainment Holdings LLC, 8.25%, 04/15/30","page_number":9,"box":{"x":535,"y":573,"width":223,"height":9}},{"id":"9e2959ee-8a47-4fd6-b016-ebeba8792ad1","block_type":"box","text":"........","page_number":9,"box":{"x":762,"y":579,"width":36,"height":1}},{"id":"da5a1c32-d2c8-4882-9592-2824946b3b5b","block_type":"box","text":"1,413 1,471,782","page_number":9,"box":{"x":857,"y":573,"width":117,"height":9}},{"id":"263a4f1c-3b54-4986-9aa0-758e925b410b","block_type":"box","text":"Voyager Parent LLC, 9.25%, 07/01/32","page_number":9,"box":{"x":521,"y":586,"width":185,"height":9}},{"id":"c600a54f-4a1f-483a-8db6-7241569fc0b6","block_type":"box","text":"..................","page_number":9,"box":{"x":712,"y":592,"width":86,"height":1}},{"id":"5f2f3761-96fa-4e53-b49c-7e1a40bb8bb9","block_type":"box","text":"1,305 1,380,114","page_number":9,"box":{"x":857,"y":586,"width":117,"height":9}},{"id":"24022648-4709-4262-abc4-ff573d276d4a","block_type":"box","text":"2,851,896","page_number":9,"box":{"x":925,"y":602,"width":49,"height":9}},{"id":"a2425746-88eb-44e5-aabc-da2b96cac6c2","block_type":"box","text":"Insurance","page_number":9,"box":{"x":521,"y":617,"width":51,"height":8}},{"id":"9efcef07-f33b-4b71-858b-f7bb52796c02","block_type":"box","text":"(b)","page_number":9,"box":{"x":573,"y":616,"width":10,"height":6}},{"id":"82e77dae-c2df-43d7-a823-ad856ff6477b","block_type":"box","text":"— 0.8%","page_number":9,"box":{"x":586,"y":617,"width":39,"height":8}},{"id":"d3695228-3d73-4b7f-80a4-06e14deb8c4d","block_type":"box","text":"Amynta Agency Borrower, Inc. and Amynta Warranty","page_number":9,"box":{"x":521,"y":630,"width":256,"height":10}},{"id":"0ecac9c8-2202-46a3-b7aa-3d8701cbeb7d","block_type":"box","text":"Borrower, Inc., 7.50%, 07/15/33","page_number":9,"box":{"x":535,"y":643,"width":153,"height":9}},{"id":"e33af724-6c2d-46b6-952b-821795b5a140","block_type":"box","text":"......................","page_number":9,"box":{"x":691,"y":649,"width":107,"height":2}},{"id":"896dedc0-3405-4d75-808f-78e5a1ae47b5","block_type":"box","text":"1,410 1,349,549","page_number":9,"box":{"x":857,"y":643,"width":117,"height":9}},{"id":"44283ebf-185b-43ba-b148-9760b4da427e","block_type":"box","text":"Jones Deslauriers Insurance Management, Inc., 6.88%,","page_number":9,"box":{"x":521,"y":656,"width":270,"height":10}},{"id":"e59b6ac6-015d-4942-9818-7aa7c0617c2a","block_type":"box","text":"10/01/33","page_number":9,"box":{"x":535,"y":669,"width":41,"height":7}},{"id":"7dc07167-82ec-4b14-a8f1-f5633ce304b5","block_type":"box","text":"............................................","page_number":9,"box":{"x":580,"y":675,"width":218,"height":1}},{"id":"686df5c6-1223-4a59-90fd-eee8044ccc98","block_type":"box","text":"1,451 1,345,676","page_number":9,"box":{"x":857,"y":669,"width":117,"height":9}},{"id":"01c17baa-938d-4ccb-94d7-24e3138dc404","block_type":"box","text":"SBL Holdings, Inc., (5-year CMT + 5.62%), 6.50%","page_number":9,"box":{"x":521,"y":682,"width":242,"height":9}},{"id":"aa9f1a6d-fb7f-4539-a08b-a2365d1bb2e1","block_type":"box","text":"(a)(i)","page_number":9,"box":{"x":764,"y":680,"width":16,"height":6}},{"id":"a5027a7e-a236-4e23-af67-5474e729e889","block_type":"box","text":"....","page_number":9,"box":{"x":782,"y":688,"width":17,"height":1}},{"id":"d0aac788-f780-439b-8dd8-be2422446acd","block_type":"box","text":"1,725 1,565,438","page_number":9,"box":{"x":857,"y":682,"width":117,"height":9}},{"id":"4349e88d-0c58-4532-81d8-79929911b675","block_type":"box","text":"4,260,663","page_number":9,"box":{"x":925,"y":698,"width":49,"height":9}},{"id":"b4ff5f33-28d2-48ee-9ad4-5f24e5996125","block_type":"box","text":"Interactive Media & Services","page_number":9,"box":{"x":521,"y":713,"width":148,"height":8}},{"id":"5bf27864-f461-49c5-b3f8-5285dfa1198a","block_type":"box","text":"(b)","page_number":9,"box":{"x":670,"y":712,"width":10,"height":6}},{"id":"fcf49f12-36e4-4c91-b72e-6ab4053674cb","block_type":"box","text":"— 0.5%","page_number":9,"box":{"x":683,"y":713,"width":39,"height":8}},{"id":"870ac3e1-6692-4fa9-b71c-5bd3941e4cff","block_type":"box","text":"Arches Buyer, Inc., 6.13%, 12/01/28","page_number":9,"box":{"x":521,"y":726,"width":175,"height":10}},{"id":"eaf99b4e-1f50-45ba-85f9-fb9d3db5af67","block_type":"box","text":"....................","page_number":9,"box":{"x":702,"y":733,"width":96,"height":1}},{"id":"23327aca-4e07-4c7d-8256-d727d3d855ce","block_type":"box","text":"737 725,946","page_number":9,"box":{"x":866,"y":726,"width":108,"height":9}},{"id":"2726b6d5-3624-4b55-a3a1-09c7dd290797","block_type":"box","text":"Beignet Investor LLC, 6.58%, 05/30/49","page_number":9,"box":{"x":521,"y":739,"width":188,"height":10}},{"id":"5f88fce2-63d8-45fb-a702-5703336cde5d","block_type":"box","text":"..................","page_number":9,"box":{"x":712,"y":745,"width":86,"height":2}},{"id":"7c44f11d-fa14-4983-bec8-90d4ee223f9a","block_type":"box","text":"1,820 1,856,678","page_number":9,"box":{"x":857,"y":739,"width":117,"height":9}},{"id":"86cb6eb4-a0bd-4b52-adeb-52d775ae5b82","block_type":"box","text":"2,582,624","page_number":9,"box":{"x":925,"y":755,"width":49,"height":9}},{"id":"54677b43-3f5a-4aa7-9614-cdbde4238167","block_type":"box","text":"Life Sciences Tools & Services — 0.4%","page_number":9,"box":{"x":521,"y":771,"width":202,"height":7}},{"id":"b00a935b-ea3e-4c56-8595-6923070cfda7","block_type":"box","text":"Fortrea Holdings, Inc., 7.50%, 07/01/30","page_number":9,"box":{"x":522,"y":784,"width":190,"height":9}},{"id":"ec94eca0-091e-4f8f-aec0-410d7325c19d","block_type":"box","text":"(b)","page_number":9,"box":{"x":713,"y":782,"width":9,"height":6}},{"id":"c1da8704-151a-44d5-9103-85d70396aa5c","block_type":"box","text":"...............","page_number":9,"box":{"x":727,"y":790,"width":71,"height":1}},{"id":"cb2e2b6c-7bcb-4864-8063-9d8a897ccd65","block_type":"box","text":"2,067 2,095,417","page_number":9,"box":{"x":856,"y":784,"width":118,"height":8}},{"id":"892694cb-e551-45cc-98c4-2823b1a75575","block_type":"box","text":"Media — 0.3%","page_number":9,"box":{"x":521,"y":802,"width":73,"height":8}},{"id":"8fb7f3c9-256a-4ea7-bc29-33e64a8c522e","block_type":"box","text":"Sinclair Television Group, Inc., 8.13%, 02/15/33","page_number":9,"box":{"x":521,"y":815,"width":230,"height":10}},{"id":"66acdadf-9af1-4551-ad16-4750374e2606","block_type":"box","text":"(b)","page_number":9,"box":{"x":752,"y":814,"width":10,"height":6}},{"id":"1e045735-c87f-41d2-a563-6c74c7283571","block_type":"box","text":".......","page_number":9,"box":{"x":767,"y":821,"width":31,"height":2}},{"id":"61088b31-fa60-4e24-b3a8-9aadb4194f10","block_type":"box","text":"1,407 1,445,223","page_number":9,"box":{"x":857,"y":815,"width":117,"height":9}},{"id":"148983a9-da07-44fa-8595-543d4b37fb56","block_type":"box","text":"Metals & Mining — 0.3%","page_number":9,"box":{"x":521,"y":834,"width":125,"height":9}},{"id":"41d2ed01-aa6e-4854-8120-753a24f780cf","block_type":"box","text":"Star Holding LLC, 8.75%, 08/01/31","page_number":9,"box":{"x":521,"y":847,"width":168,"height":9}},{"id":"01931301-5f93-486f-968f-30867c0779e4","block_type":"box","text":"(b)","page_number":9,"box":{"x":691,"y":845,"width":10,"height":6}},{"id":"2fc34e27-7ed0-44d3-8ee0-79f55d97827c","block_type":"box","text":"...................","page_number":9,"box":{"x":707,"y":853,"width":91,"height":1}},{"id":"0bd5d92c-3aa0-4442-86b5-b4478771ef4a","block_type":"box","text":"1,472 1,475,403","page_number":9,"box":{"x":857,"y":847,"width":117,"height":9}},{"id":"ca381ff1-5440-4884-bc2b-6114522696ef","block_type":"box","text":"Consolidated Schedule of Investments","page_number":9,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"36cb8736-05a7-484c-8953-36d15d207230","block_type":"box","text":"(unaudited) (continued)","page_number":9,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"d03a9bc5-371a-4e03-8de4-4602260de601","block_type":"box","text":"June 30, 2026","page_number":9,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"8c1cfc8a-b951-405b-a781-08327f9bc6ee","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":9,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"ba5cb7c1-502c-45fc-943e-58bf77efbe3e","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":9,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"9df8c252-ef76-4e4d-a825-6dee3217dc93","block_type":"box","text":"C","page_number":9,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"599b7123-11d0-4b13-bbb6-0628d6b91bd5","block_type":"box","text":"ONSOLIDATED","page_number":9,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"dd7a3da4-3aa3-4a45-9ba0-38092b087933","block_type":"box","text":"S","page_number":9,"box":{"x":147,"y":967,"width":6,"height":7}},{"id":"500ac029-92bd-423e-9809-f463ca0cda62","block_type":"box","text":"CHEDULE OF","page_number":9,"box":{"x":158,"y":969,"width":86,"height":5}},{"id":"d558feca-5b73-42c8-8546-6a0c7a099647","block_type":"box","text":"I","page_number":9,"box":{"x":256,"y":967,"width":1,"height":7}},{"id":"fb34c4e7-c2bb-4e88-82b1-03ab5d05cdc2","block_type":"box","text":"NVESTMENTS","page_number":9,"box":{"x":263,"y":969,"width":87,"height":5}},{"id":"14857aa2-7b1d-47f1-a30d-b9c16a5d0f30","block_type":"box","text":"NM0826U-5876566-9/56","page_number":9,"box":{"x":757,"y":969,"width":138,"height":7}},{"id":"fdbaf36c-5d45-467e-b7c6-07cb2fd7ccfe","block_type":"box","text":"9","page_number":9,"box":{"x":962,"y":965,"width":6,"height":9}},{"id":"2cd01c2d-c482-43fd-807a-42daa0cec5ed","block_type":"box","text":"Security","page_number":10,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"8c707561-b665-4a8d-b54f-f48264118c48","block_type":"box","text":"Par","page_number":10,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"f9b3f463-e0a4-4e72-9988-055075cce216","block_type":"box","text":"(000) Value","page_number":10,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"1110cf68-817a-4cbe-bd31-f80b3086709a","block_type":"box","text":"Mortgage Real Estate Investment Trusts (REITs)","page_number":10,"box":{"x":31,"y":119,"width":247,"height":10}},{"id":"1326c572-2232-4dc0-a4fb-0a46629b4c90","block_type":"box","text":"(b)","page_number":10,"box":{"x":279,"y":118,"width":9,"height":6}},{"id":"607a562b-47ed-446f-88e9-47c044e307ea","block_type":"box","text":"— 0.6%","page_number":10,"box":{"x":292,"y":119,"width":39,"height":8}},{"id":"47e48ade-e458-45e5-8256-b7e32be3f02f","block_type":"box","text":"Rithm Capital Corp.","page_number":10,"box":{"x":31,"y":132,"width":94,"height":9}},{"id":"3e2f3933-1a6a-4ef3-9880-6d00db2efab1","block_type":"box","text":"8.00%, 04/01/29","page_number":10,"box":{"x":44,"y":145,"width":79,"height":9}},{"id":"969604dc-c6b6-4e36-84c9-eff0058849c3","block_type":"box","text":".....................................","page_number":10,"box":{"x":125,"y":151,"width":182,"height":1}},{"id":"6f346418-dd61-4971-9416-63b8846d4e93","block_type":"box","text":"USD 1,446 $ 1,451,784","page_number":10,"box":{"x":320,"y":144,"width":163,"height":10}},{"id":"88d42487-9353-493f-a257-105fbb55c9ef","block_type":"box","text":"8.00%, 07/15/30","page_number":10,"box":{"x":44,"y":158,"width":79,"height":9}},{"id":"664a1844-92b7-4b64-b4e6-00d3ff1bc4f3","block_type":"box","text":".....................................","page_number":10,"box":{"x":125,"y":164,"width":182,"height":1}},{"id":"721dd66c-527c-4b6d-9c69-9d96b152049a","block_type":"box","text":"1,447 1,443,326","page_number":10,"box":{"x":366,"y":158,"width":117,"height":9}},{"id":"71334f8c-1492-4d79-972e-bc8b38896a05","block_type":"box","text":"2,895,110","page_number":10,"box":{"x":435,"y":174,"width":48,"height":9}},{"id":"682458de-f38f-4916-8218-2e6350eeea5e","block_type":"box","text":"Paper & Forest Products","page_number":10,"box":{"x":31,"y":189,"width":127,"height":10}},{"id":"ed484597-6cff-43bf-a253-45e6087dab07","block_type":"box","text":"(b)","page_number":10,"box":{"x":159,"y":188,"width":9,"height":6}},{"id":"40d05d0a-8fb6-4b6f-ac1e-fe95a0c52f11","block_type":"box","text":"— 0.4%","page_number":10,"box":{"x":172,"y":189,"width":38,"height":8}},{"id":"3ab0826b-5288-43d3-bac8-d0ebdb44d650","block_type":"box","text":"Magnera Corp.","page_number":10,"box":{"x":31,"y":202,"width":71,"height":10}},{"id":"53e2cb53-fec3-4f0d-9756-1b847e5ed394","block_type":"box","text":"4.75%, 11/15/29","page_number":10,"box":{"x":43,"y":215,"width":79,"height":9}},{"id":"76bed8ef-76cf-4ba8-bfc1-3e51066a5877","block_type":"box","text":".....................................","page_number":10,"box":{"x":125,"y":221,"width":182,"height":2}},{"id":"c77cda83-72d5-422d-bfa4-0afd5202a8cd","block_type":"box","text":"1,668 1,557,084","page_number":10,"box":{"x":366,"y":215,"width":117,"height":9}},{"id":"d165778c-9fcb-449a-99f4-6433bc9387e5","block_type":"box","text":"7.25%, 11/15/31","page_number":10,"box":{"x":44,"y":228,"width":77,"height":9}},{"id":"a66fbe98-3aba-42a7-bbde-539b158663cc","block_type":"box","text":".....................................","page_number":10,"box":{"x":125,"y":234,"width":182,"height":1}},{"id":"7223e2d5-6c00-4750-bfa7-21c4641ff43e","block_type":"box","text":"769 750,736","page_number":10,"box":{"x":375,"y":228,"width":108,"height":9}},{"id":"06badd40-5d2b-4559-90da-8ecc9d30b7ad","block_type":"box","text":"2,307,820","page_number":10,"box":{"x":435,"y":244,"width":48,"height":9}},{"id":"f8c181ac-dd4a-48ad-9d7d-5bb4e05ead00","block_type":"box","text":"Real Estate Management & Development","page_number":10,"box":{"x":31,"y":259,"width":211,"height":10}},{"id":"c8fb2ed2-3bcd-40e8-8296-dfb3072866c0","block_type":"box","text":"(d)(h)(j)","page_number":10,"box":{"x":243,"y":258,"width":28,"height":6}},{"id":"70140c57-fb5f-483e-9fbf-0f576cbeffbf","block_type":"box","text":"— 0.0%","page_number":10,"box":{"x":274,"y":259,"width":39,"height":8}},{"id":"6c4b0528-5355-4d0a-89b1-4796e1178a3f","block_type":"box","text":"Fantasia Holdings Group Co. Ltd.","page_number":10,"box":{"x":31,"y":272,"width":161,"height":10}},{"id":"547e74ed-eaa0-4e29-aadd-42a5fe7bee41","block_type":"box","text":"11.75%, 04/17/22","page_number":10,"box":{"x":44,"y":285,"width":84,"height":9}},{"id":"f9f9e679-4c8f-44d0-9883-74f790473e48","block_type":"box","text":"....................................","page_number":10,"box":{"x":130,"y":292,"width":177,"height":1}},{"id":"4e84e846-3a2a-4d9e-aee8-7c218a152347","block_type":"box","text":"710 7,810","page_number":10,"box":{"x":375,"y":285,"width":108,"height":9}},{"id":"ee8cd6c0-e67f-414a-b5c1-0dd672d2b627","block_type":"box","text":"12.25%, 10/18/22","page_number":10,"box":{"x":44,"y":298,"width":85,"height":9}},{"id":"2ffda9e5-59cb-48bd-9e48-1df03056a6ba","block_type":"box","text":"...................................","page_number":10,"box":{"x":135,"y":305,"width":172,"height":1}},{"id":"5c37a0ba-ad0f-46ab-9452-bb560ca961c4","block_type":"box","text":"200 2,200","page_number":10,"box":{"x":375,"y":298,"width":108,"height":9}},{"id":"7f8bbc52-b8cc-489a-9625-d0df8b38fcf8","block_type":"box","text":"10,010","page_number":10,"box":{"x":451,"y":314,"width":32,"height":9}},{"id":"29b4c8df-4e0a-4f7e-a885-967a2d9b68ab","block_type":"box","text":"Software","page_number":10,"box":{"x":30,"y":330,"width":46,"height":7}},{"id":"f81ecf24-e8c7-403f-9794-e141ccc1bb95","block_type":"box","text":"(b)","page_number":10,"box":{"x":76,"y":328,"width":10,"height":6}},{"id":"a2409fea-60f6-448e-8fb4-52cee7b50a56","block_type":"box","text":"— 0.6%","page_number":10,"box":{"x":90,"y":330,"width":38,"height":8}},{"id":"a82e6f04-42ce-4949-89a2-e590c300bba9","block_type":"box","text":"McAfee Corp., 7.38%, 02/15/30","page_number":10,"box":{"x":31,"y":343,"width":152,"height":9}},{"id":"8fa2eadc-0b76-4ab2-a24b-d23b6eae488e","block_type":"box","text":".........................","page_number":10,"box":{"x":185,"y":349,"width":123,"height":1}},{"id":"ddd1cc75-7dff-4feb-bb9c-dcc8d9625adc","block_type":"box","text":"1,500 1,274,613","page_number":10,"box":{"x":366,"y":343,"width":117,"height":9}},{"id":"1e8c4cea-cb31-4f4a-a022-351daadbdb72","block_type":"box","text":"RD Michigan Property Owner I LLC, 7.50%, 03/30/45","page_number":10,"box":{"x":31,"y":356,"width":257,"height":9}},{"id":"4447a89d-3a0f-4460-9e0c-d2e325a70f06","block_type":"box","text":"....","page_number":10,"box":{"x":291,"y":362,"width":17,"height":1}},{"id":"8987fa97-c3c6-4e6f-9b45-f0e368a39d3a","block_type":"box","text":"741 738,588","page_number":10,"box":{"x":375,"y":356,"width":108,"height":8}},{"id":"256b261f-30a0-43ae-8f66-1f0467bf2160","block_type":"box","text":"Rocket Software, Inc., 9.00%, 11/28/28","page_number":10,"box":{"x":31,"y":368,"width":189,"height":9}},{"id":"9e818c67-f0da-457b-b476-30fff28d12f5","block_type":"box","text":".................","page_number":10,"box":{"x":226,"y":375,"width":82,"height":1}},{"id":"53ed6857-9a2c-4c4b-913e-0a38ea33a85e","block_type":"box","text":"1,272 1,264,402","page_number":10,"box":{"x":366,"y":369,"width":117,"height":8}},{"id":"6d843aef-c4ed-4cfe-8ab6-f59d1dd4518c","block_type":"box","text":"3,277,603","page_number":10,"box":{"x":435,"y":385,"width":48,"height":8}},{"id":"600864a3-197d-4f6a-9aa0-50c3f5a95510","block_type":"box","text":"Specialty Retail","page_number":10,"box":{"x":30,"y":400,"width":80,"height":10}},{"id":"ba56b304-cddd-4f91-9128-8dcf60de37fc","block_type":"box","text":"(b)","page_number":10,"box":{"x":111,"y":399,"width":10,"height":6}},{"id":"da1d4b43-6b74-4ccc-9d9d-82503a47bde1","block_type":"box","text":"— 2.3%","page_number":10,"box":{"x":125,"y":400,"width":38,"height":8}},{"id":"615fe5d1-cd50-4dd1-afc4-4fe9d8cae4d7","block_type":"box","text":"Michaels Cos., Inc.","page_number":10,"box":{"x":31,"y":413,"width":91,"height":9}},{"id":"bbee7587-2d15-4ef8-b9a3-6a91a98bd1a5","block_type":"box","text":"8.50%, 03/15/33","page_number":10,"box":{"x":44,"y":426,"width":79,"height":9}},{"id":"c2e19270-a872-469f-bf3d-da0e8052f00b","block_type":"box","text":".....................................","page_number":10,"box":{"x":125,"y":432,"width":182,"height":1}},{"id":"b13f1fc4-3db6-45f1-a408-6e2a6d8f3f32","block_type":"box","text":"5,039 4,991,102","page_number":10,"box":{"x":366,"y":426,"width":117,"height":9}},{"id":"6f317e71-e78a-4a74-a202-d7608a4f472e","block_type":"box","text":"11.00%, 03/15/34","page_number":10,"box":{"x":44,"y":439,"width":84,"height":9}},{"id":"4b7e5faf-2dc1-405e-8d28-c0f08f5e9aad","block_type":"box","text":"....................................","page_number":10,"box":{"x":130,"y":445,"width":177,"height":1}},{"id":"37e99054-8db5-4353-ab0b-a5ed094a0703","block_type":"box","text":"2,310 2,261,767","page_number":10,"box":{"x":365,"y":439,"width":118,"height":9}},{"id":"842fea02-34d5-4c19-9fc1-fa3937c2370a","block_type":"box","text":"PetSmart LLC/PetSmart Finance Corp.","page_number":10,"box":{"x":31,"y":452,"width":188,"height":9}},{"id":"1bc26824-a7df-40bd-aa6b-9651103ad5b8","block_type":"box","text":"7.50%, 09/15/32","page_number":10,"box":{"x":44,"y":464,"width":79,"height":9}},{"id":"93d2adb9-aab8-4cce-9e35-76d398705944","block_type":"box","text":".....................................","page_number":10,"box":{"x":125,"y":471,"width":182,"height":1}},{"id":"0b8a0e95-13f0-4012-9704-1c27443e4455","block_type":"box","text":"2,092 2,092,456","page_number":10,"box":{"x":365,"y":465,"width":118,"height":8}},{"id":"9d70a4bb-763e-4505-bc85-1b571adefc9d","block_type":"box","text":"10.00%, 09/15/33","page_number":10,"box":{"x":44,"y":477,"width":85,"height":9}},{"id":"b16b58fe-70a7-4db8-9681-8a31542ed807","block_type":"box","text":"...................................","page_number":10,"box":{"x":135,"y":484,"width":172,"height":1}},{"id":"2599d7cb-7a33-4f54-95b9-436153c7f960","block_type":"box","text":"1,385 1,387,205","page_number":10,"box":{"x":366,"y":477,"width":117,"height":9}},{"id":"a682190c-cf7a-4f57-9f37-7de2e970954c","block_type":"box","text":"Staples, Inc., 10.75%, 09/01/29","page_number":10,"box":{"x":30,"y":490,"width":152,"height":10}},{"id":"5a78a5ea-1d79-4252-ae8a-406597a509a8","block_type":"box","text":".........................","page_number":10,"box":{"x":185,"y":497,"width":122,"height":1}},{"id":"d98ac1fb-0474-4a01-8829-9937c294c6db","block_type":"box","text":"1,327 1,265,889","page_number":10,"box":{"x":366,"y":490,"width":117,"height":9}},{"id":"5dc1a630-029a-45f3-85a2-6562c7534d6f","block_type":"box","text":"11,998,419","page_number":10,"box":{"x":430,"y":506,"width":53,"height":9}},{"id":"9dc40693-a32c-4b2f-baed-58b455ff057a","block_type":"box","text":"Textiles, Apparel & Luxury Goods — 0.0%","page_number":10,"box":{"x":30,"y":522,"width":217,"height":9}},{"id":"04dd00d3-5f51-48f8-ae93-9a6dd6cd46d4","block_type":"box","text":"European TopSoho SARL, 4.00%, 09/21/21","page_number":10,"box":{"x":31,"y":535,"width":209,"height":9}},{"id":"c8f326e9-364a-4aef-a72f-06dc1dfd53d9","block_type":"box","text":"(d)(h)(j)(k)","page_number":10,"box":{"x":243,"y":533,"width":36,"height":6}},{"id":"a082f91e-337a-4d21-a754-50ce3dd06580","block_type":"box","text":"......","page_number":10,"box":{"x":281,"y":541,"width":27,"height":1}},{"id":"ec2b074c-b0d1-4a0b-b890-c60e6d166f8a","block_type":"box","text":"EUR 300 254,254","page_number":10,"box":{"x":320,"y":535,"width":163,"height":9}},{"id":"7fb361f2-60bb-4b7a-8e8d-4a98c69d133a","block_type":"box","text":"Trading Companies & Distributors","page_number":10,"box":{"x":30,"y":553,"width":177,"height":10}},{"id":"bb2084ff-316a-429e-9b2f-da082e6906e5","block_type":"box","text":"(b)","page_number":10,"box":{"x":208,"y":552,"width":10,"height":6}},{"id":"8fbae2f4-208d-474c-ab30-90c7c0a89bc2","block_type":"box","text":"— 0.1%","page_number":10,"box":{"x":221,"y":553,"width":39,"height":8}},{"id":"3352d2df-2e42-441c-a346-264e1c7ae91d","block_type":"box","text":"Herc Holdings, Inc.","page_number":10,"box":{"x":31,"y":566,"width":91,"height":10}},{"id":"09002992-4909-45b0-a486-d1290a59a4de","block_type":"box","text":"5.75%, 03/15/31","page_number":10,"box":{"x":44,"y":579,"width":77,"height":9}},{"id":"fae8fd46-d3ee-489a-8ba8-484ab076c617","block_type":"box","text":".....................................","page_number":10,"box":{"x":125,"y":586,"width":182,"height":1}},{"id":"ebd56573-3ae6-4c38-86a1-917117c5b9d2","block_type":"box","text":"USD 145 144,817","page_number":10,"box":{"x":320,"y":579,"width":163,"height":9}},{"id":"4363703c-2d62-4c3b-a657-19d2177e2e59","block_type":"box","text":"6.00%, 03/15/34","page_number":10,"box":{"x":44,"y":592,"width":79,"height":9}},{"id":"e9ef1613-8723-45fc-babd-1555779a76d7","block_type":"box","text":".....................................","page_number":10,"box":{"x":125,"y":598,"width":182,"height":2}},{"id":"afaa0904-607b-46ce-8b19-b7b5d605868f","block_type":"box","text":"145 144,036","page_number":10,"box":{"x":375,"y":592,"width":108,"height":9}},{"id":"cf23c634-9661-4248-b622-19c246c9d362","block_type":"box","text":"288,853","page_number":10,"box":{"x":444,"y":608,"width":39,"height":9}},{"id":"506d2e5f-126f-4b9a-a87d-c5e486e17e57","block_type":"box","text":"Total Corporate Bonds — 9.7%","page_number":10,"box":{"x":30,"y":624,"width":159,"height":10}},{"id":"d002d293-1ab5-4b36-8ca1-bd116a713d47","block_type":"box","text":"(Cost: $51,401,734)","page_number":10,"box":{"x":44,"y":637,"width":98,"height":10}},{"id":"f7d3d363-bc30-46aa-84f2-910990fac48e","block_type":"box","text":".................................................","page_number":10,"box":{"x":149,"y":644,"width":243,"height":1}},{"id":"9bed0eae-d6e7-4de7-a9fd-9c6e9923f09d","block_type":"box","text":"50,081,344","page_number":10,"box":{"x":429,"y":637,"width":54,"height":9}},{"id":"6b1b75b3-469a-4597-9816-f16a24f307e1","block_type":"box","text":"Fixed Rate Loan Interests","page_number":10,"box":{"x":31,"y":666,"width":165,"height":9}},{"id":"258b8546-1d8d-4be3-9f7d-c35c0ad44793","block_type":"box","text":"Diversified Telecommunication Services — 0.1%","page_number":10,"box":{"x":31,"y":688,"width":250,"height":8}},{"id":"2afe0a43-9ec8-4157-bd2b-55d1902768ee","block_type":"box","text":"Ligado Networks LLC","page_number":10,"box":{"x":31,"y":701,"width":104,"height":10}},{"id":"ccbc2922-0a64-4eb0-a41a-0fb47e492703","block_type":"box","text":"2025 Fixed Backstop Term Loan 1, 17.50%, 05/04/28","page_number":10,"box":{"x":43,"y":714,"width":259,"height":9}},{"id":"0089c9b3-9f6b-45f3-9abb-5c8e6c9259fb","block_type":"box","text":".","page_number":10,"box":{"x":306,"y":720,"width":2,"height":1}},{"id":"f13cad32-79f0-4788-a0bc-44c933a73693","block_type":"box","text":"559 508,309","page_number":10,"box":{"x":375,"y":714,"width":108,"height":9}},{"id":"fd43f49f-6f37-402e-aae8-bf3d197d3ebf","block_type":"box","text":"2025 Fixed DIP Roll-Up Term Loan, 12/31/27","page_number":10,"box":{"x":43,"y":727,"width":219,"height":9}},{"id":"32ca6769-f6ad-44c6-bd26-ee407463152e","block_type":"box","text":"(l)","page_number":10,"box":{"x":263,"y":725,"width":7,"height":6}},{"id":"55fbfca5-64f4-4859-a0eb-4e399cad3ff6","block_type":"box","text":"........","page_number":10,"box":{"x":271,"y":733,"width":37,"height":1}},{"id":"b235175b-1d00-4ce9-9725-d5ff488a463b","block_type":"box","text":"32 30,384","page_number":10,"box":{"x":381,"y":727,"width":102,"height":9}},{"id":"54147c64-02d6-4844-ba59-7ae200023870","block_type":"box","text":"2026 DIP Term Loan, 17.50%, 11/09/26","page_number":10,"box":{"x":43,"y":740,"width":192,"height":9}},{"id":"46bd18d3-21a6-4536-8978-1eeeac75f3e1","block_type":"box","text":"..............","page_number":10,"box":{"x":241,"y":746,"width":67,"height":1}},{"id":"11c0007d-2ae7-4001-a678-79b736611fe7","block_type":"box","text":"74 68,363","page_number":10,"box":{"x":381,"y":740,"width":102,"height":9}},{"id":"e9b82882-9a4f-4007-a841-a0f7cdf12d98","block_type":"box","text":"607,056","page_number":10,"box":{"x":444,"y":756,"width":39,"height":9}},{"id":"b6f2e7cd-6278-4171-bddc-ce61924f6010","block_type":"box","text":"Media — 0.4%","page_number":10,"box":{"x":31,"y":771,"width":72,"height":8}},{"id":"99e97ba6-c184-4061-bcf2-2a6d1fa7ee3e","block_type":"box","text":"Terraboost Media, Term Loan, 4.00%, 08/21/26","page_number":10,"box":{"x":30,"y":784,"width":229,"height":9}},{"id":"97d17d3d-a712-4e63-a299-a1c0871c427a","block_type":"box","text":"(c)","page_number":10,"box":{"x":260,"y":783,"width":8,"height":6}},{"id":"04b67d88-dca9-4e7e-9f6b-247826de2139","block_type":"box","text":"........","page_number":10,"box":{"x":271,"y":791,"width":37,"height":1}},{"id":"5534f6e0-6218-4cdd-9da2-fc99b372efba","block_type":"box","text":"2,422 2,145,967","page_number":10,"box":{"x":365,"y":784,"width":118,"height":9}},{"id":"116a4588-5503-4de8-85aa-66e12e2e163f","block_type":"box","text":"Technology Hardware, Storage & Peripherals — 0.2%","page_number":10,"box":{"x":30,"y":803,"width":276,"height":10}},{"id":"bcd6bacb-f1d6-41f4-8e97-9a66111107c9","block_type":"box","text":"VCI Asset Holdings 2 LLC, Fixed Term Loan, 7.38%,","page_number":10,"box":{"x":30,"y":816,"width":254,"height":9}},{"id":"558a4b01-5d2b-447a-bb74-b5ba8c9fe9d3","block_type":"box","text":"02/18/31","page_number":10,"box":{"x":44,"y":829,"width":40,"height":7}},{"id":"92a22288-0c0c-44c4-975c-52548c223895","block_type":"box","text":"(f)","page_number":10,"box":{"x":87,"y":827,"width":6,"height":6}},{"id":"b5890614-de35-4161-bae4-2c1936918e0a","block_type":"box","text":"..........................................","page_number":10,"box":{"x":100,"y":835,"width":207,"height":1}},{"id":"c8cfa99d-9bf7-4c6b-afce-c8e6ba50aadd","block_type":"box","text":"879 904,783","page_number":10,"box":{"x":375,"y":829,"width":108,"height":9}},{"id":"acd0d2a3-0da3-44f4-9dc6-b8df421acf09","block_type":"box","text":"Security","page_number":10,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"aa7458bf-f2a8-48dd-9ac9-e85d12211767","block_type":"box","text":"Par","page_number":10,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"51748971-e136-430d-94d4-d5007ee1e92e","block_type":"box","text":"(000) Value","page_number":10,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"ad4e087d-36d0-400c-8f7f-7047319ab1ac","block_type":"box","text":"Trading Companies & Distributors — 0.0%","page_number":10,"box":{"x":521,"y":119,"width":219,"height":10}},{"id":"2fd07065-1315-4f61-a482-a7e671bc4539","block_type":"box","text":"TMK Hawk Parent Corp., 2024 Term Loan, 11.00%,","page_number":10,"box":{"x":521,"y":132,"width":249,"height":9}},{"id":"a2e1caed-6449-4d8a-82b2-e09aa44e3034","block_type":"box","text":"12/15/31","page_number":10,"box":{"x":535,"y":145,"width":40,"height":7}},{"id":"9687268f-bd8b-40a9-a38a-7792f8f80e5f","block_type":"box","text":"(c)","page_number":10,"box":{"x":577,"y":143,"width":9,"height":6}},{"id":"36d65628-4935-4194-96a4-c217b5f6eaeb","block_type":"box","text":"..........................................","page_number":10,"box":{"x":591,"y":151,"width":207,"height":1}},{"id":"3d475879-3ce8-4b68-98d8-e38d3632d0fa","block_type":"box","text":"USD 2 $ —","page_number":10,"box":{"x":810,"y":144,"width":164,"height":9}},{"id":"0e2ec6c9-0634-48f5-88eb-a08009c56311","block_type":"box","text":"Total Fixed Rate Loan Interests — 0.7%","page_number":10,"box":{"x":521,"y":163,"width":203,"height":8}},{"id":"56ee07c1-2d9b-4cb0-a954-a9f0d93139db","block_type":"box","text":"(Cost: $3,895,915)","page_number":10,"box":{"x":535,"y":176,"width":92,"height":10}},{"id":"eee23025-1305-423a-b675-09171c56963c","block_type":"box","text":"...................................................","page_number":10,"box":{"x":630,"y":183,"width":253,"height":1}},{"id":"e002dd1c-5540-4336-bcbb-d5eabd8639c0","block_type":"box","text":"3,657,806","page_number":10,"box":{"x":926,"y":176,"width":48,"height":9}},{"id":"eafb10de-9532-45db-be80-916ff6d789fa","block_type":"box","text":"Floating Rate Loan Interests","page_number":10,"box":{"x":522,"y":205,"width":183,"height":12}},{"id":"783c4e74-9f87-4fe2-9d19-277b39aa23a2","block_type":"box","text":"(a)","page_number":10,"box":{"x":706,"y":203,"width":12,"height":7}},{"id":"f1480c92-2800-43b3-b850-f708084b094c","block_type":"box","text":"Aerospace & Defense — 1.5%","page_number":10,"box":{"x":521,"y":227,"width":154,"height":10}},{"id":"a9011bda-b6ca-497b-a05a-e785ff025a65","block_type":"box","text":"Arcfield Acquisition Corp., 2024 Term Loan, (3-mo. CME","page_number":10,"box":{"x":521,"y":240,"width":273,"height":10}},{"id":"f50b09c4-bbfd-48d5-a3d3-b09b309dc385","block_type":"box","text":"Term SOFR at 0.50% Floor + 5.00%), 8.66%,","page_number":10,"box":{"x":534,"y":253,"width":220,"height":10}},{"id":"8af96f82-5d2a-4288-bb94-6c5b700491f8","block_type":"box","text":"10/28/31","page_number":10,"box":{"x":535,"y":266,"width":40,"height":8}},{"id":"5571176e-62ec-49d3-b815-84fb0a1f00d7","block_type":"box","text":"(c)","page_number":10,"box":{"x":577,"y":265,"width":9,"height":6}},{"id":"2aee0089-8c12-491b-8604-46bf55d8aff6","block_type":"box","text":"..........................................","page_number":10,"box":{"x":591,"y":272,"width":207,"height":1}},{"id":"012bbadc-94a7-402e-b821-e0ff2d1a046f","block_type":"box","text":"1,629 1,623,866","page_number":10,"box":{"x":857,"y":266,"width":117,"height":9}},{"id":"383ac723-d040-4693-a5fc-33b062bc50a4","block_type":"box","text":"Cubic Corp.","page_number":10,"box":{"x":521,"y":279,"width":57,"height":9}},{"id":"0dd98345-cbb0-463a-bbc8-67e507992d54","block_type":"box","text":"2025 Second Out Term Loan B, (3-mo. CME Term","page_number":10,"box":{"x":534,"y":292,"width":243,"height":9}},{"id":"f812fbc6-8974-4002-87da-d0e9fd92c3a9","block_type":"box","text":"SOFR at 0.75% Floor + 4.76%), 8.43%, 05/25/29","page_number":10,"box":{"x":548,"y":305,"width":238,"height":9}},{"id":"5dfed5c2-ba88-4411-b532-b33d923b48f3","block_type":"box","text":"..","page_number":10,"box":{"x":792,"y":311,"width":6,"height":1}},{"id":"eb786e80-83c0-4cd5-a88f-fd4aabea3b07","block_type":"box","text":"—","page_number":10,"box":{"x":873,"y":309,"width":11,"height":1}},{"id":"3c8cd3a4-1074-49fa-ba83-7c95fdbfb4b9","block_type":"box","text":"(m)","page_number":10,"box":{"x":884,"y":303,"width":11,"height":6}},{"id":"4b0790ca-1032-4fa5-9561-1ae8d315b6e1","block_type":"box","text":"9","page_number":10,"box":{"x":968,"y":305,"width":6,"height":7}},{"id":"4448d3de-00c6-4e91-8425-a052a05c390e","block_type":"box","text":"2025 Second Out Term Loan C, (3-mo. CME Term","page_number":10,"box":{"x":534,"y":317,"width":244,"height":10}},{"id":"8a56c5c0-16b6-4cf8-9290-fa131727c335","block_type":"box","text":"SOFR at 0.75% Floor + 3.51%), 6.92%, 05/25/29","page_number":10,"box":{"x":548,"y":330,"width":238,"height":10}},{"id":"1d02964b-d09f-41f7-bfe4-6c5e8b43e8c3","block_type":"box","text":"..","page_number":10,"box":{"x":792,"y":337,"width":6,"height":1}},{"id":"fe1b33e9-f649-412d-bc13-2f4ead092020","block_type":"box","text":"—","page_number":10,"box":{"x":873,"y":335,"width":11,"height":1}},{"id":"a32d3514-2f64-4d51-8a48-e3d35df874c9","block_type":"box","text":"(m)","page_number":10,"box":{"x":884,"y":329,"width":11,"height":6}},{"id":"3594c1db-8830-4fd9-9780-704be0a15f0d","block_type":"box","text":"1","page_number":10,"box":{"x":969,"y":330,"width":3,"height":8}},{"id":"e0723b85-2374-4e66-abb7-20e60167f8d3","block_type":"box","text":"Engineering Research and Consulting LLC, 2024 Term","page_number":10,"box":{"x":521,"y":343,"width":266,"height":10}},{"id":"9d3e3aff-0e62-41ed-baea-92666745fb84","block_type":"box","text":"Loan, (3-mo. CME Term SOFR at 0.00% Floor +","page_number":10,"box":{"x":535,"y":356,"width":234,"height":10}},{"id":"376ae8d3-45b0-46a5-a4d2-91e1d8897aec","block_type":"box","text":"5.00%), 8.73%, 08/29/31","page_number":10,"box":{"x":534,"y":369,"width":119,"height":10}},{"id":"93a8b5a6-2e58-4ce6-b247-2bc8ea467abe","block_type":"box","text":"............................","page_number":10,"box":{"x":661,"y":375,"width":137,"height":2}},{"id":"d6b4d384-6184-4298-ada7-fb2fde3370b1","block_type":"box","text":"4,925 4,128,184","page_number":10,"box":{"x":856,"y":369,"width":118,"height":9}},{"id":"957a6819-33c0-4ee8-b2d5-cf2ca94cc665","block_type":"box","text":"Fortress AcquisitionCo, Inc., 2nd Amendment","page_number":10,"box":{"x":522,"y":382,"width":219,"height":10}},{"id":"d4e017cb-4ce4-4a23-8099-27ee75629ad8","block_type":"box","text":"Incremental Term Loan, (3-mo. CME Term SOFR at","page_number":10,"box":{"x":535,"y":395,"width":250,"height":10}},{"id":"46312d67-6479-47a5-8930-f102d1458177","block_type":"box","text":"0.75% Floor + 5.25%), 8.98%, 02/25/33","page_number":10,"box":{"x":534,"y":408,"width":193,"height":9}},{"id":"933031b9-6db2-4145-aa2b-44b88204287f","block_type":"box","text":"(c)","page_number":10,"box":{"x":728,"y":406,"width":8,"height":6}},{"id":"2f03501f-9e36-4aab-a8ac-8edd65ef2120","block_type":"box","text":"............","page_number":10,"box":{"x":742,"y":414,"width":56,"height":1}},{"id":"e1174ac4-949d-48e6-b596-bb7152d0ebd8","block_type":"box","text":"2,188 2,165,645","page_number":10,"box":{"x":856,"y":408,"width":118,"height":9}},{"id":"845b1b82-e3b2-4711-88c6-86618a37fb3a","block_type":"box","text":"Skydio, Inc.","page_number":10,"box":{"x":521,"y":421,"width":56,"height":9}},{"id":"c560205c-c9a7-4896-9227-2f07cb9357e4","block_type":"box","text":"(c)","page_number":10,"box":{"x":578,"y":419,"width":9,"height":6}},{"id":"e18f5891-c688-43bc-ae05-d312457e519b","block_type":"box","text":"Delayed Draw Term Loan Tranche A, (1-mo. CME","page_number":10,"box":{"x":535,"y":434,"width":241,"height":9}},{"id":"1bcb79c7-7bc3-44c7-9d6f-07496b1d4344","block_type":"box","text":"Term SOFR + 5.00%), 8.62%, 12/04/29","page_number":10,"box":{"x":548,"y":446,"width":191,"height":10}},{"id":"ffe86071-a40f-4fab-975b-0ea244e1291a","block_type":"box","text":"............","page_number":10,"box":{"x":742,"y":453,"width":56,"height":1}},{"id":"70d0815d-13e4-4f1c-9b79-4be12db98d51","block_type":"box","text":"25 25,175","page_number":10,"box":{"x":872,"y":447,"width":102,"height":8}},{"id":"39aa9bc1-b7ae-4e03-bb3a-901b649ae4fb","block_type":"box","text":"Delayed Draw Term Loan Tranche B, (1-mo. CME","page_number":10,"box":{"x":535,"y":459,"width":241,"height":10}},{"id":"9731a907-6d48-4262-8853-7563d41c763c","block_type":"box","text":"Term SOFR + 5.00%), 8.62%, 12/04/29","page_number":10,"box":{"x":548,"y":472,"width":191,"height":10}},{"id":"b63ac13b-5e29-4a7e-b751-49e678992108","block_type":"box","text":"............","page_number":10,"box":{"x":742,"y":479,"width":56,"height":1}},{"id":"680415a3-315d-4f91-9ecb-959bbe53e609","block_type":"box","text":"25 25,175","page_number":10,"box":{"x":872,"y":472,"width":102,"height":9}},{"id":"b32faf66-14cc-45f9-81c7-456329ca4cee","block_type":"box","text":"Term Loan, (1-mo. CME Term SOFR at 0.00% Floor +","page_number":10,"box":{"x":534,"y":485,"width":262,"height":10}},{"id":"2d03e71b-a0d3-4435-b981-6f153e52ce7b","block_type":"box","text":"5.00%), 8.62%, 12/04/29","page_number":10,"box":{"x":548,"y":498,"width":120,"height":10}},{"id":"d651cde2-b640-47d0-8389-f8f10f2f78a0","block_type":"box","text":"..........................","page_number":10,"box":{"x":671,"y":504,"width":127,"height":1}},{"id":"e09cb0be-05fc-4ba8-a0b2-c570a0a1ba1e","block_type":"box","text":"52 52,492","page_number":10,"box":{"x":872,"y":498,"width":102,"height":9}},{"id":"04509efe-bf09-416e-8d02-6a58411b46b5","block_type":"box","text":"8,020,547","page_number":10,"box":{"x":926,"y":514,"width":48,"height":9}},{"id":"d192a1f0-89dc-42e9-89d4-f59d02bac1e4","block_type":"box","text":"Automobile Components — 1.2%","page_number":10,"box":{"x":521,"y":530,"width":172,"height":9}},{"id":"23884ee9-aaf2-440a-a9b6-b0246356cfb0","block_type":"box","text":"Champions Financing, Inc., 2024 Term Loan B, (3-mo.","page_number":10,"box":{"x":521,"y":542,"width":263,"height":10}},{"id":"0f7f6936-b0fc-4818-ab86-df4aac5fa66f","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 4.75%), 8.42%,","page_number":10,"box":{"x":535,"y":555,"width":246,"height":10}},{"id":"3f5ed205-b73e-4b98-ade0-8345e79f5989","block_type":"box","text":"02/23/29","page_number":10,"box":{"x":534,"y":568,"width":42,"height":8}},{"id":"5cbff08d-1d13-45b1-8622-533565b9d569","block_type":"box","text":"............................................","page_number":10,"box":{"x":580,"y":575,"width":218,"height":1}},{"id":"3de9b885-1313-4a66-b5a4-8f8731fb846c","block_type":"box","text":"1,565 1,456,847","page_number":10,"box":{"x":857,"y":568,"width":117,"height":9}},{"id":"53463a7b-ca0f-416c-b108-006748ab059a","block_type":"box","text":"IXS Holdings, Inc., 2025 Repriced Term Loan B, (3-mo.","page_number":10,"box":{"x":522,"y":581,"width":266,"height":10}},{"id":"df1f99a2-a2ea-469e-8133-efc1b3a222ca","block_type":"box","text":"CME Term SOFR at 1.00% Floor + 5.50%), 9.32%,","page_number":10,"box":{"x":535,"y":594,"width":246,"height":10}},{"id":"301109cc-90b0-4809-ad25-d372d00c213a","block_type":"box","text":"09/05/29","page_number":10,"box":{"x":534,"y":607,"width":42,"height":8}},{"id":"4996bdf4-9eb9-4acf-9db7-b41270a6d6c6","block_type":"box","text":"............................................","page_number":10,"box":{"x":580,"y":613,"width":218,"height":1}},{"id":"876462a2-42e0-4bdd-9b7b-1e301314c5c1","block_type":"box","text":"782 774,618","page_number":10,"box":{"x":866,"y":607,"width":108,"height":9}},{"id":"83a62d07-3d13-4709-9293-cd314c887aff","block_type":"box","text":"PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term","page_number":10,"box":{"x":521,"y":620,"width":266,"height":9}},{"id":"21febf68-b7b6-49db-8661-976905a48f7e","block_type":"box","text":"SOFR + 3.75%), 7.68%, 10/28/27","page_number":10,"box":{"x":535,"y":633,"width":163,"height":9}},{"id":"bf154d58-4a39-4dd5-97ef-3977fcf76bfc","block_type":"box","text":"....................","page_number":10,"box":{"x":702,"y":639,"width":96,"height":1}},{"id":"982b5126-4663-4107-a9b0-4d4178b9069b","block_type":"box","text":"2,838 2,726,163","page_number":10,"box":{"x":856,"y":633,"width":118,"height":9}},{"id":"c6e16acc-8b55-4150-9002-82e4e465a9e1","block_type":"box","text":"Tenneco, Inc., 2022 Term Loan A, (3-mo. CME Term","page_number":10,"box":{"x":521,"y":646,"width":253,"height":9}},{"id":"94c64a92-1d9a-4dda-b643-c94c5a893aac","block_type":"box","text":"SOFR at 0.50% Floor + 4.85%), 8.49%, 11/17/28","page_number":10,"box":{"x":535,"y":658,"width":237,"height":10}},{"id":"e9e57b78-5035-4a8a-8dc3-a3db08f0f494","block_type":"box","text":".....","page_number":10,"box":{"x":777,"y":665,"width":21,"height":1}},{"id":"fc71e6f9-9391-4d00-9f36-7f6f627b4598","block_type":"box","text":"1,486 1,477,717","page_number":10,"box":{"x":857,"y":659,"width":117,"height":8}},{"id":"205931a5-fa52-4b4b-9210-e091040f5ab4","block_type":"box","text":"6,435,345","page_number":10,"box":{"x":926,"y":675,"width":48,"height":9}},{"id":"763b4138-0299-40ec-81ad-75cea05f0cb0","block_type":"box","text":"Broadline Retail — 0.1%","page_number":10,"box":{"x":521,"y":690,"width":125,"height":8}},{"id":"1f98ec7a-9063-4d74-a6f7-3a1871a6d095","block_type":"box","text":"Thrasio LLC, 2024 2nd Out Take Back Term Loan,","page_number":10,"box":{"x":521,"y":703,"width":243,"height":9}},{"id":"39846f1b-3d36-4b94-a14f-71dcc4cc9f32","block_type":"box","text":"06/18/29","page_number":10,"box":{"x":534,"y":716,"width":42,"height":7}},{"id":"7b946233-c5ad-4af9-88f4-036ebae39c00","block_type":"box","text":"(c)(d)(j)(l)","page_number":10,"box":{"x":577,"y":714,"width":34,"height":7}},{"id":"8ee6181e-01eb-4435-81d0-44aff6afced4","block_type":"box","text":".....................................","page_number":10,"box":{"x":616,"y":722,"width":182,"height":1}},{"id":"0f62ca45-36df-45ed-b4fa-51c905840982","block_type":"box","text":"306 303,349","page_number":10,"box":{"x":866,"y":716,"width":108,"height":9}},{"id":"12615ca0-2190-4e4f-8a5f-07da29bf345a","block_type":"box","text":"Building Products — 1.5%","page_number":10,"box":{"x":521,"y":735,"width":136,"height":9}},{"id":"373c389d-b1ba-4dc6-aa27-323253b14a51","block_type":"box","text":"LBM Acquisition LLC, 2025 Incremental Term Loan, (1-","page_number":10,"box":{"x":521,"y":747,"width":267,"height":10}},{"id":"5adeab87-199f-412f-a36a-4537bd0332d9","block_type":"box","text":"mo. CME Term SOFR at 0.75% Floor + 5.00%),","page_number":10,"box":{"x":535,"y":760,"width":230,"height":10}},{"id":"3905e5f5-73c6-4af7-b9e5-2f934d3c7b71","block_type":"box","text":"8.65%, 06/06/31","page_number":10,"box":{"x":534,"y":773,"width":78,"height":9}},{"id":"e189c6a5-ba4a-44aa-8e63-3e4f08008636","block_type":"box","text":".....................................","page_number":10,"box":{"x":616,"y":780,"width":182,"height":1}},{"id":"aec71d5c-4d63-40ac-bd66-177aa66ac60f","block_type":"box","text":"993 884,844","page_number":10,"box":{"x":866,"y":773,"width":108,"height":9}},{"id":"b4be63d0-63be-4f6c-a08e-c5c56431a57b","block_type":"box","text":"New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term","page_number":10,"box":{"x":521,"y":786,"width":261,"height":10}},{"id":"f8202c78-e246-42df-99b0-96e914568ecd","block_type":"box","text":"SOFR at 0.50% Floor + 6.00%), 9.64%, 03/08/29","page_number":10,"box":{"x":535,"y":799,"width":238,"height":10}},{"id":"05958870-c465-4537-9fb2-de5c364d7e9d","block_type":"box","text":".....","page_number":10,"box":{"x":777,"y":805,"width":21,"height":2}},{"id":"da5f04b5-439d-4bdd-8165-d52276f25c7b","block_type":"box","text":"954 825,353","page_number":10,"box":{"x":866,"y":799,"width":108,"height":9}},{"id":"7d805c97-ef9c-4f52-8773-248b435e83a0","block_type":"box","text":"Porcelain Acquisition Corp., Term Loan, 12/31/28","page_number":10,"box":{"x":521,"y":812,"width":238,"height":9}},{"id":"bce5e0cb-7969-4fc7-a29e-b5cb27c68ed9","block_type":"box","text":"(c)(d)(j)(l)","page_number":10,"box":{"x":760,"y":811,"width":33,"height":6}},{"id":"c3e83e2c-492f-4a46-823e-be51f75b4087","block_type":"box","text":".","page_number":10,"box":{"x":797,"y":818,"width":2,"height":1}},{"id":"bb30d53d-d1c8-4217-9172-5fc46782970d","block_type":"box","text":"1,259 464,728","page_number":10,"box":{"x":857,"y":812,"width":117,"height":9}},{"id":"f10b7558-6b8a-4de8-bf29-1b42bbbc1b15","block_type":"box","text":"Consolidated Schedule of Investments","page_number":10,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"1f742505-1069-4525-867a-56de21939d12","block_type":"box","text":"(unaudited) (continued)","page_number":10,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"1a803bbd-fd71-4a27-8ce6-9afc3cfe2fcb","block_type":"box","text":"June 30, 2026","page_number":10,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"ad0e7c6e-94cc-4945-8b70-1f320d8f7f08","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":10,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"0ef81f1f-5508-45c0-956a-29193a4e5e09","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":10,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"7f5e8968-a8b1-47a6-9c2c-b150377f312d","block_type":"box","text":"10","page_number":10,"box":{"x":31,"y":965,"width":13,"height":9}},{"id":"2dbb4a48-7753-4cea-a49d-50f2129e721f","block_type":"box","text":"2026","page_number":10,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"6b7662df-ab37-418c-a72e-7f2c4bf53a8e","block_type":"box","text":"B","page_number":10,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"4fd8c172-c305-4863-bfa2-fae688e42682","block_type":"box","text":"LACK","page_number":10,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"89759336-6b43-4929-aff0-70f41ec05273","block_type":"box","text":"R","page_number":10,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"c03e6978-ed3c-40e4-956a-a2716c906e50","block_type":"box","text":"OCK","page_number":10,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"cb28856b-4cc1-48d7-8759-a856634d0fd4","block_type":"box","text":"S","page_number":10,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"3de6fd21-eba5-43c4-af45-217281a42da2","block_type":"box","text":"EMI","page_number":10,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"d8cf3e16-405f-431e-9698-da7d180e8e53","block_type":"box","text":"-A","page_number":10,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"198d08e5-a789-400c-94f5-70c55ed80240","block_type":"box","text":"NNUAL","page_number":10,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"1f4fe7f4-3f6c-423c-b7dc-481a141da95e","block_type":"box","text":"NM0826U-5876566-10/56 R EPORT TO S HARE","page_number":10,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"2a23c27c-df34-45a9-aa31-4a373a7e2652","block_type":"box","text":"NM\r\nR","page_number":10,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"031cab8a-7ea9-4294-ba27-4ddfe649ec13","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":10,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"694ef666-6f65-41ad-b2f6-1d0c06a5c92f","block_type":"box","text":"66\r\nS","page_number":10,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"49175b4a-0296-4098-a11e-1ea018d55f45","block_type":"box","text":"-10/56 \r\nHAREHOLDERS","page_number":10,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"af93cc58-2665-47d1-9f65-9f6408c65d84","block_type":"box","text":"Security","page_number":11,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"4d43be94-b890-4296-86e1-c320403fc8ea","block_type":"box","text":"Par","page_number":11,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"f092c52d-84a8-4cfa-986c-6af1191a5ca1","block_type":"box","text":"(000) Value","page_number":11,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"b68cd413-e0d2-4bcd-8532-110578d95857","block_type":"box","text":"Building Products (continued)","page_number":11,"box":{"x":31,"y":119,"width":156,"height":10}},{"id":"9ea250ef-d118-4243-b123-089dc1b7568b","block_type":"box","text":"Saber Parent Holdings Corp.","page_number":11,"box":{"x":30,"y":132,"width":140,"height":10}},{"id":"a19b736a-93ec-4b98-8e27-289811b6070e","block_type":"box","text":"(c)","page_number":11,"box":{"x":171,"y":130,"width":9,"height":7}},{"id":"b2bb1892-b21e-4dbb-a07c-df45ab0f9118","block_type":"box","text":"Delayed Draw Term Loan, (1-mo. CME Term SOFR at","page_number":11,"box":{"x":44,"y":145,"width":262,"height":9}},{"id":"b37e5675-1bfb-4553-a063-ddab3195c43d","block_type":"box","text":"0.00% Floor + 2.50% and 2.25% PIK), 8.38%,","page_number":11,"box":{"x":57,"y":158,"width":223,"height":9}},{"id":"6f3c5f30-3684-4bb4-a077-32a3da6ddd94","block_type":"box","text":"12/16/32","page_number":11,"box":{"x":58,"y":171,"width":41,"height":7}},{"id":"73d3d604-9632-4c16-8cc1-d0ffe5a50587","block_type":"box","text":"(g)","page_number":11,"box":{"x":100,"y":169,"width":9,"height":6}},{"id":"b4cdea8d-bff0-483b-b9b1-bb8ced280a3a","block_type":"box","text":".......................................","page_number":11,"box":{"x":115,"y":177,"width":192,"height":1}},{"id":"a04f8b8f-cd58-4267-9c86-355abc7b33e7","block_type":"box","text":"USD 125 $ 122,454","page_number":11,"box":{"x":320,"y":170,"width":163,"height":10}},{"id":"5e2c3d58-13f2-4093-8664-951e682604b8","block_type":"box","text":"Revolver, (Prime + 3.50%), 10.25%, 12/16/32","page_number":11,"box":{"x":44,"y":183,"width":220,"height":10}},{"id":"37da8bb9-bba9-403c-992d-ede48247da76","block_type":"box","text":".........","page_number":11,"box":{"x":266,"y":190,"width":42,"height":1}},{"id":"252c9e04-8ef1-4310-a966-aa3f827c4b49","block_type":"box","text":"174 170,429","page_number":11,"box":{"x":375,"y":184,"width":108,"height":8}},{"id":"b326b09a-d8fc-4d5a-9f27-a081a1aa7029","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 0.00% Floor +","page_number":11,"box":{"x":43,"y":196,"width":262,"height":10}},{"id":"3eaf304d-34d5-4d0e-b1db-df00eda1f18e","block_type":"box","text":"2.50% and 2.25% PIK), 8.42%, 12/16/32","page_number":11,"box":{"x":57,"y":209,"width":197,"height":10}},{"id":"f1424f1c-a839-47b2-959e-d2e4a0562a97","block_type":"box","text":"(g)","page_number":11,"box":{"x":255,"y":208,"width":9,"height":6}},{"id":"7a1a0ffa-c73b-4fe2-9cbf-63e869dcd820","block_type":"box","text":".........","page_number":11,"box":{"x":266,"y":216,"width":42,"height":1}},{"id":"c59425a4-178c-4c53-9ef1-53bd35fad4d1","block_type":"box","text":"2,495 2,449,389","page_number":11,"box":{"x":365,"y":209,"width":118,"height":9}},{"id":"104dc6b0-fa58-4d07-8df9-adaf59fbd410","block_type":"box","text":"SWF Holdings I Corp., 2024 First Lien Second Out TL","page_number":11,"box":{"x":30,"y":222,"width":262,"height":10}},{"id":"43f33792-5dea-41f1-a0fa-678110ce6e01","block_type":"box","text":"A2, (1-mo. CME Term SOFR at 1.00% Floor + 4.00%),","page_number":11,"box":{"x":43,"y":235,"width":265,"height":10}},{"id":"791c8df6-eb89-45b0-970f-248c52acee35","block_type":"box","text":"7.76%, 10/06/28","page_number":11,"box":{"x":44,"y":248,"width":79,"height":9}},{"id":"992463cd-8f6a-4517-9141-56289f62905d","block_type":"box","text":".....................................","page_number":11,"box":{"x":125,"y":254,"width":182,"height":1}},{"id":"b84ae42f-1500-4787-bf29-d5920032777c","block_type":"box","text":"591 309,974","page_number":11,"box":{"x":375,"y":248,"width":108,"height":9}},{"id":"cecc735b-f84b-4bcc-83dd-ab1e38a36355","block_type":"box","text":"Trulite Glass & Aluminum Solutions LLC, Term Loan,","page_number":11,"box":{"x":30,"y":261,"width":255,"height":9}},{"id":"41c60692-e4fe-4ae6-965b-f8f8a98ec411","block_type":"box","text":"(3-mo. CME Term SOFR at 1.00% Floor + 6.00%),","page_number":11,"box":{"x":44,"y":274,"width":244,"height":9}},{"id":"e4f4aadd-f385-4bff-b4be-cb7a7b48bd60","block_type":"box","text":"9.68%, 03/01/30","page_number":11,"box":{"x":44,"y":287,"width":79,"height":9}},{"id":"b6fbeb08-2e5b-4d3a-bb2a-9775d92e3977","block_type":"box","text":".....................................","page_number":11,"box":{"x":125,"y":293,"width":182,"height":1}},{"id":"44e9fd07-c0f7-4413-bccb-f2e56c6b00c9","block_type":"box","text":"2,790 2,446,066","page_number":11,"box":{"x":365,"y":287,"width":118,"height":9}},{"id":"46fdfa05-5e92-4e1d-8614-75c76ba10f72","block_type":"box","text":"7,673,237","page_number":11,"box":{"x":435,"y":303,"width":48,"height":9}},{"id":"3a7132d2-6d43-40df-811e-bc632557307d","block_type":"box","text":"Capital Markets — 2.8%","page_number":11,"box":{"x":30,"y":318,"width":123,"height":10}},{"id":"869298ec-4ebf-430d-833f-e6885e7fda25","block_type":"box","text":"Foreside Financial","page_number":11,"box":{"x":31,"y":331,"width":88,"height":8}},{"id":"cd083195-49ab-4ceb-89be-e6ffb6afd11d","block_type":"box","text":"(l)","page_number":11,"box":{"x":120,"y":330,"width":7,"height":6}},{"id":"be796c04-6ddf-4995-bd27-5680a6537690","block_type":"box","text":"2024 Incremental Delayed Draw Term Loan, 09/30/27","page_number":11,"box":{"x":43,"y":344,"width":261,"height":10}},{"id":"33c6a11b-8d3f-45d2-b327-fe0d93c1b337","block_type":"box","text":".","page_number":11,"box":{"x":306,"y":350,"width":2,"height":1}},{"id":"de14e4e7-7474-4318-87a6-0683c6d47942","block_type":"box","text":"1,163 1,160,581","page_number":11,"box":{"x":366,"y":344,"width":115,"height":9}},{"id":"769c4b6c-4c5e-49cc-a4d1-f0f482415e6b","block_type":"box","text":"Incremental Term Loan,","page_number":11,"box":{"x":44,"y":357,"width":114,"height":9}},{"id":"2928a206-8a0a-4fc2-a7b0-8f3a4c8d8231","block_type":"box","text":"..............................","page_number":11,"box":{"x":160,"y":363,"width":148,"height":1}},{"id":"0a25ea06-ce1e-4e0c-8d61-d865500fd1d1","block_type":"box","text":"102 101,492","page_number":11,"box":{"x":375,"y":357,"width":108,"height":9}},{"id":"e0dacaa4-6de1-435b-a86e-8271af287598","block_type":"box","text":"GC Waves Holdings, Inc., 2024 Replacing Term Loan,","page_number":11,"box":{"x":30,"y":370,"width":262,"height":9}},{"id":"5ad85ede-ac88-4432-8363-5582a0f4097a","block_type":"box","text":"(1-mo. CME Term SOFR at 0.75% Floor + 4.50%),","page_number":11,"box":{"x":44,"y":383,"width":244,"height":9}},{"id":"aff9e617-41d1-41fe-b12d-c4ab2f7fbb45","block_type":"box","text":"8.14%, 10/04/30","page_number":11,"box":{"x":44,"y":395,"width":79,"height":9}},{"id":"1d8710f9-3514-4d89-bcbf-80d7c70e7281","block_type":"box","text":"(c)","page_number":11,"box":{"x":124,"y":394,"width":9,"height":6}},{"id":"4ed731be-96bd-4f39-b9b4-dd1c5de1307a","block_type":"box","text":"...................................","page_number":11,"box":{"x":135,"y":402,"width":172,"height":1}},{"id":"a1e09091-3275-45f0-9ab4-3f4960a7f304","block_type":"box","text":"3,819 3,857,155","page_number":11,"box":{"x":366,"y":396,"width":117,"height":8}},{"id":"9b3fabc1-807f-471e-82d9-6b02b3899fde","block_type":"box","text":"Jump Financial LLC, 2025 1st Lien Term Loan B, (3-mo.","page_number":11,"box":{"x":30,"y":408,"width":272,"height":10}},{"id":"02cc3c7b-ca76-461a-acfa-2285c3497ba3","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 3.50%), 7.23%,","page_number":11,"box":{"x":44,"y":421,"width":246,"height":10}},{"id":"c99775f0-73bf-45a2-b263-b5476f49e799","block_type":"box","text":"02/26/32","page_number":11,"box":{"x":44,"y":434,"width":41,"height":8}},{"id":"a53a8bd9-8823-4a8e-a67d-d1ea4c2cc2c7","block_type":"box","text":"(c)","page_number":11,"box":{"x":87,"y":433,"width":8,"height":6}},{"id":"3b2738ca-9186-42f9-880c-d9f8ede1ac7f","block_type":"box","text":"..........................................","page_number":11,"box":{"x":100,"y":441,"width":207,"height":1}},{"id":"fa33cb45-4106-4297-982e-b356b4974e0b","block_type":"box","text":"799 798,216","page_number":11,"box":{"x":375,"y":434,"width":108,"height":9}},{"id":"fd408a7d-2c19-4d2b-8893-aea1156b2a3c","block_type":"box","text":"Orion U.S. Finco, Inc., 2nd Lien Term Loan, (3-mo. CME","page_number":11,"box":{"x":30,"y":447,"width":273,"height":10}},{"id":"fd87bdd4-6833-4c50-b02f-4fe4aeb95700","block_type":"box","text":"Term SOFR at 0.00% Floor + 5.50%), 9.17%,","page_number":11,"box":{"x":43,"y":460,"width":220,"height":10}},{"id":"45568ef4-0a46-445b-8c38-f4b874fb3230","block_type":"box","text":"10/10/33","page_number":11,"box":{"x":44,"y":473,"width":42,"height":7}},{"id":"83650548-ef60-41d0-b198-73637699745e","block_type":"box","text":"............................................","page_number":11,"box":{"x":90,"y":479,"width":217,"height":1}},{"id":"c55e811e-f140-406d-9d19-7394661c4bfe","block_type":"box","text":"1,472 1,449,899","page_number":11,"box":{"x":366,"y":473,"width":117,"height":9}},{"id":"d1fd7ff3-88a4-4397-94c5-ea5d94f03fd4","block_type":"box","text":"PMA Parent Holdings LLC, Term Loan, (3-mo. CME","page_number":11,"box":{"x":31,"y":486,"width":250,"height":9}},{"id":"66fbe6ee-f7fa-4f5b-b1f6-42cad9fd3351","block_type":"box","text":"Term SOFR at 0.75% Floor + 4.75%), 8.48%,","page_number":11,"box":{"x":43,"y":499,"width":220,"height":9}},{"id":"aa8e1fe9-f4f6-4e55-9db4-b55458e1d6df","block_type":"box","text":"01/31/31","page_number":11,"box":{"x":44,"y":512,"width":40,"height":7}},{"id":"af02044f-67fc-4928-94d4-28bf778d97fa","block_type":"box","text":"(c)","page_number":11,"box":{"x":87,"y":510,"width":8,"height":6}},{"id":"4f09b9db-8f70-4e0d-ba93-54e262ef7bdd","block_type":"box","text":"..........................................","page_number":11,"box":{"x":100,"y":518,"width":207,"height":1}},{"id":"bdc5f484-14ac-4dd1-a758-ccf828259970","block_type":"box","text":"87 85,670","page_number":11,"box":{"x":381,"y":512,"width":102,"height":8}},{"id":"34eaa81f-ea56-416d-bcba-894d271585ef","block_type":"box","text":"Traack Technologies, Inc., Term Loan, (6-mo. CME Term","page_number":11,"box":{"x":30,"y":524,"width":274,"height":10}},{"id":"06b0fb93-ca42-437f-9335-27a9a7a25138","block_type":"box","text":"SOFR + 7.50%), 11.60%, 09/15/26","page_number":11,"box":{"x":44,"y":537,"width":168,"height":10}},{"id":"1090d132-5ba8-48c0-b2de-80382aa21299","block_type":"box","text":"(c)","page_number":11,"box":{"x":213,"y":536,"width":9,"height":6}},{"id":"0409e693-af1a-4856-a614-5cf9b7fdc12a","block_type":"box","text":".................","page_number":11,"box":{"x":226,"y":544,"width":82,"height":1}},{"id":"902984e1-7f06-4d9e-a5c9-16a5b7fe8dbe","block_type":"box","text":"367 326,922","page_number":11,"box":{"x":375,"y":537,"width":108,"height":9}},{"id":"9bca6e94-d363-4b68-9ec3-0262571cfab1","block_type":"box","text":"Wealth Enhancement Group LLC","page_number":11,"box":{"x":30,"y":550,"width":161,"height":10}},{"id":"d11cc3dc-a587-4137-88e6-3aa2317d7292","block_type":"box","text":"(c)","page_number":11,"box":{"x":192,"y":549,"width":9,"height":6}},{"id":"bfac6e5b-1a5f-4fda-9565-6fc8c15f455e","block_type":"box","text":"2021 August Delayed Draw Term Loan, (3-mo. CME","page_number":11,"box":{"x":43,"y":563,"width":254,"height":10}},{"id":"f5ac02a0-a4aa-4488-9f9e-dce1546f097f","block_type":"box","text":"Term SOFR at 1.00% Floor + 5.50%), 7.94%,","page_number":11,"box":{"x":57,"y":576,"width":219,"height":10}},{"id":"773904fe-5efa-47f5-9727-c0c31fd8cf0a","block_type":"box","text":"10/02/28","page_number":11,"box":{"x":58,"y":589,"width":41,"height":7}},{"id":"a452e9f3-c85b-46c5-9426-55e1a6579bed","block_type":"box","text":".........................................","page_number":11,"box":{"x":105,"y":595,"width":202,"height":1}},{"id":"b36959a0-2a1e-493e-a2a2-8a9d2d71097a","block_type":"box","text":"1,158 1,153,932","page_number":11,"box":{"x":366,"y":589,"width":117,"height":9}},{"id":"f05bb42e-8219-451f-b364-fe3a4381c673","block_type":"box","text":"2024 11th Amendment Delayed Draw Term Loan,","page_number":11,"box":{"x":43,"y":602,"width":240,"height":9}},{"id":"8ec098e6-521e-44a8-aea3-07e0dee26768","block_type":"box","text":"(3-mo. CME Term SOFR at 1.00% Floor + 5.75%),","page_number":11,"box":{"x":57,"y":615,"width":244,"height":9}},{"id":"d061ca52-0187-4b63-9e6d-0bb1021f3fe5","block_type":"box","text":"7.98%, 10/02/28","page_number":11,"box":{"x":57,"y":628,"width":79,"height":9}},{"id":"7196c948-68e0-4732-99e3-533d13930b16","block_type":"box","text":"..................................","page_number":11,"box":{"x":140,"y":634,"width":167,"height":1}},{"id":"4f2989cc-676c-4edc-8b6c-e28f925a73d4","block_type":"box","text":"3,487 3,474,066","page_number":11,"box":{"x":366,"y":628,"width":117,"height":9}},{"id":"47756768-5a35-41f4-8d85-71b0772e561f","block_type":"box","text":"Wharf Street Ratings Acquisition LLC, 2025 Term Loan,","page_number":11,"box":{"x":30,"y":640,"width":269,"height":10}},{"id":"661f2b82-eef3-4f44-8d1e-01843cd173e1","block_type":"box","text":"(1-mo. CME Term SOFR at 0.75% Floor + 4.50%),","page_number":11,"box":{"x":44,"y":653,"width":244,"height":10}},{"id":"320f4a2b-994d-499b-886e-e7a699c28949","block_type":"box","text":"8.14%, 09/16/32","page_number":11,"box":{"x":44,"y":666,"width":79,"height":9}},{"id":"811de1a9-f62d-424c-a7ed-5c1876ed99cb","block_type":"box","text":"(c)","page_number":11,"box":{"x":124,"y":665,"width":9,"height":6}},{"id":"a9937854-5240-4b38-ab7a-317b34e7e538","block_type":"box","text":"...................................","page_number":11,"box":{"x":135,"y":673,"width":172,"height":1}},{"id":"e4c9af20-fb19-4e8b-93da-415f2a05b4ba","block_type":"box","text":"2,116 2,119,854","page_number":11,"box":{"x":366,"y":666,"width":117,"height":9}},{"id":"9f18ec16-ab66-427f-bf0f-396fe0cb38b2","block_type":"box","text":"14,527,787","page_number":11,"box":{"x":429,"y":682,"width":54,"height":9}},{"id":"c1b326b8-3193-4b72-9b99-e67013975dc9","block_type":"box","text":"Chemicals — 2.5%","page_number":11,"box":{"x":30,"y":698,"width":97,"height":8}},{"id":"7633f2eb-5b9e-429a-93f2-9d67215650a7","block_type":"box","text":"Derby Buyer LLC, 2026 Term Loan, (1-mo. CME Term","page_number":11,"box":{"x":31,"y":711,"width":261,"height":9}},{"id":"931f35e3-98a0-4b49-91dd-6c73d29358a8","block_type":"box","text":"SOFR at 0.50% Floor + 2.75%), 6.36%, 11/01/30","page_number":11,"box":{"x":44,"y":724,"width":237,"height":9}},{"id":"9bea8b40-f463-4ef2-a75b-5f8d0ad397ed","block_type":"box","text":".....","page_number":11,"box":{"x":286,"y":730,"width":22,"height":1}},{"id":"48c9458b-3b51-4365-8bf0-0d45b0b5e4fa","block_type":"box","text":"1,389 1,389,343","page_number":11,"box":{"x":366,"y":724,"width":117,"height":9}},{"id":"1e54fc10-5288-4f12-9f1c-c353ae0523a7","block_type":"box","text":"Discovery Purchaser Corp., Term Loan, (3-mo. CME","page_number":11,"box":{"x":31,"y":736,"width":253,"height":10}},{"id":"3447b0d2-ed28-4697-a6fa-0e9b43accc28","block_type":"box","text":"Term SOFR at 0.50% Floor + 3.75%), 7.41%,","page_number":11,"box":{"x":43,"y":749,"width":220,"height":10}},{"id":"f0327d7b-335a-4531-887a-62602164ac49","block_type":"box","text":"10/04/29","page_number":11,"box":{"x":44,"y":762,"width":42,"height":8}},{"id":"faba29bf-530a-4076-a628-e607e0bcdfbd","block_type":"box","text":"............................................","page_number":11,"box":{"x":90,"y":769,"width":217,"height":1}},{"id":"c3424eec-6b9a-4eb1-96b7-a842b70649a2","block_type":"box","text":"2,824 2,810,443","page_number":11,"box":{"x":365,"y":762,"width":118,"height":9}},{"id":"56448bb5-e197-435c-88f6-8e6841e608a0","block_type":"box","text":"Fortis 333, Inc., USD Term Loan B, (3-mo. CME Term","page_number":11,"box":{"x":31,"y":775,"width":259,"height":10}},{"id":"006773ad-11f8-4c7a-8878-bdb913650e45","block_type":"box","text":"SOFR at 0.00% Floor + 3.25%), 6.98%, 03/29/32","page_number":11,"box":{"x":44,"y":788,"width":238,"height":10}},{"id":"eea0bfda-5b23-47ad-adc2-0fc7de7f086c","block_type":"box","text":".....","page_number":11,"box":{"x":286,"y":794,"width":22,"height":2}},{"id":"79ca1c6c-40e8-46d3-bbc7-247414048da1","block_type":"box","text":"1,342 1,336,569","page_number":11,"box":{"x":366,"y":788,"width":117,"height":9}},{"id":"c91f9bf0-b615-49b6-81d9-2a7403cf00d5","block_type":"box","text":"Illuminate Buyer LLC, 2025 Term Loan B, (1-mo. CME","page_number":11,"box":{"x":31,"y":801,"width":262,"height":10}},{"id":"156bc3e3-6a11-48de-91e4-a5ea60edd40f","block_type":"box","text":"Term SOFR at 0.00% Floor + 2.50%), 6.14%,","page_number":11,"box":{"x":43,"y":814,"width":220,"height":9}},{"id":"59c419e2-48dc-4900-9b89-649e4e5bda07","block_type":"box","text":"12/31/29","page_number":11,"box":{"x":44,"y":827,"width":42,"height":7}},{"id":"6940789d-8ff9-45d7-b917-4a420ca9f3fc","block_type":"box","text":"............................................","page_number":11,"box":{"x":90,"y":833,"width":217,"height":1}},{"id":"2baec88a-9849-4cca-8f7d-076ee69b3185","block_type":"box","text":"1,489 1,467,196","page_number":11,"box":{"x":366,"y":827,"width":117,"height":9}},{"id":"78405590-0536-429f-87fb-b689f8d56c0f","block_type":"box","text":"Iris Holding, Inc., Term Loan, (3-mo. CME Term SOFR at","page_number":11,"box":{"x":31,"y":840,"width":275,"height":9}},{"id":"2d88d4ce-669a-4483-9f7f-ec3adac23d43","block_type":"box","text":"0.50% Floor + 4.75%), 8.51%, 06/28/28","page_number":11,"box":{"x":44,"y":852,"width":192,"height":10}},{"id":"ff410e66-1def-425e-bcae-73a655d83164","block_type":"box","text":"..............","page_number":11,"box":{"x":241,"y":859,"width":67,"height":1}},{"id":"26b187c2-b8f4-4b36-9596-dd2b8d2ace31","block_type":"box","text":"998 947,743","page_number":11,"box":{"x":375,"y":853,"width":108,"height":8}},{"id":"94e268af-78e1-497d-8fe8-c3603adce8dd","block_type":"box","text":"Security","page_number":11,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"d56e868b-25ef-4c12-b5c0-4c7b833d90a1","block_type":"box","text":"Par","page_number":11,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"2f520cb9-94d4-450d-a3b4-34bd91b3cf69","block_type":"box","text":"(000) Value","page_number":11,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"ca0360e0-2836-472a-b4e4-b81f1f250bfc","block_type":"box","text":"Chemicals (continued)","page_number":11,"box":{"x":521,"y":119,"width":117,"height":10}},{"id":"ce125041-2273-4c8b-9852-e12044f6710f","block_type":"box","text":"Pretium PKG Holdings, Inc., 2026 1st Out Exit Term","page_number":11,"box":{"x":521,"y":132,"width":251,"height":10}},{"id":"6090bd8b-c3b7-4fd1-be4f-6117c80b68b8","block_type":"box","text":"Loan, (3-mo. CME Term SOFR at 0.00% Floor +","page_number":11,"box":{"x":535,"y":145,"width":234,"height":9}},{"id":"7d342d2a-6315-4348-9d24-56fe5872410e","block_type":"box","text":"5.25%), 8.87%, 03/02/31","page_number":11,"box":{"x":534,"y":158,"width":119,"height":9}},{"id":"8dc78a28-c529-4798-bed2-5714a54983ce","block_type":"box","text":"............................","page_number":11,"box":{"x":661,"y":164,"width":137,"height":1}},{"id":"80c1d2fd-7db3-4a05-90a6-44fcedc9def8","block_type":"box","text":"USD 3,685 $ 3,638,685","page_number":11,"box":{"x":810,"y":157,"width":164,"height":10}},{"id":"a755b51e-751c-455f-9bcf-0ab8502f6d4d","block_type":"box","text":"SCIL IV LLC, USD Term Loan B, (3-mo. CME Term","page_number":11,"box":{"x":521,"y":171,"width":247,"height":9}},{"id":"a9b55b1c-5bca-46a8-b685-110e4b26bf37","block_type":"box","text":"SOFR at 0.00% Floor + 4.00%), 7.65%, 11/08/32","page_number":11,"box":{"x":535,"y":183,"width":237,"height":10}},{"id":"4f7f490c-5d35-4aa8-824e-e4482fc1a1a2","block_type":"box","text":"(c)","page_number":11,"box":{"x":773,"y":182,"width":9,"height":6}},{"id":"294e15bb-161b-494b-813d-ed345df2c686","block_type":"box","text":"...","page_number":11,"box":{"x":787,"y":190,"width":11,"height":1}},{"id":"272bbb36-6d70-45c5-a16d-5655e736fb2d","block_type":"box","text":"1,312 1,307,348","page_number":11,"box":{"x":857,"y":184,"width":117,"height":8}},{"id":"bad4c406-3a0b-4397-a263-e013c8f1843c","block_type":"box","text":"12,897,327","page_number":11,"box":{"x":920,"y":200,"width":54,"height":9}},{"id":"9bb70dfb-9016-469d-b9d2-1f91f6f5ec8a","block_type":"box","text":"Commercial Services & Supplies — 1.5%","page_number":11,"box":{"x":521,"y":215,"width":213,"height":10}},{"id":"e2da0072-d0ac-41c6-a7d0-f28fb10d09eb","block_type":"box","text":"Apex Group Treasury LLC, 2025 USD Term Loan B,","page_number":11,"box":{"x":521,"y":228,"width":252,"height":10}},{"id":"e95f1cd3-7027-46f9-9f30-e6c46dd0ecd1","block_type":"box","text":"(3-mo. CME Term SOFR at 0.00% Floor + 3.50%),","page_number":11,"box":{"x":535,"y":241,"width":244,"height":9}},{"id":"eaec48da-3573-4ea4-98a8-e82caba2cb62","block_type":"box","text":"7.15%, 02/27/32","page_number":11,"box":{"x":535,"y":254,"width":79,"height":9}},{"id":"e266be77-88a9-4575-8cca-dfc5062eaf42","block_type":"box","text":".....................................","page_number":11,"box":{"x":616,"y":260,"width":182,"height":1}},{"id":"e4b902ec-0f70-42bf-a1f6-bb66bc7321e4","block_type":"box","text":"3,054 2,884,114","page_number":11,"box":{"x":856,"y":254,"width":118,"height":9}},{"id":"62dfd077-1fac-43f6-9868-032a500ac7ff","block_type":"box","text":"Chrysaor Bidco SARL, 2025 USD Term Loan B, (3-mo.","page_number":11,"box":{"x":521,"y":267,"width":266,"height":9}},{"id":"4ffb3899-6bde-45af-92db-21adc1584237","block_type":"box","text":"CME Term SOFR at 0.50% Floor + 3.00%), 6.67%,","page_number":11,"box":{"x":535,"y":279,"width":246,"height":10}},{"id":"b506fefe-ef65-44c5-ae52-390a918c943e","block_type":"box","text":"10/30/31","page_number":11,"box":{"x":535,"y":292,"width":40,"height":8}},{"id":"6df7e53d-590a-4d8a-ae21-e9c6adde9754","block_type":"box","text":"............................................","page_number":11,"box":{"x":580,"y":299,"width":218,"height":1}},{"id":"d8c538b6-5790-4f09-8392-445d6448edc7","block_type":"box","text":"1,345 1,346,695","page_number":11,"box":{"x":857,"y":292,"width":117,"height":9}},{"id":"20bbc4a6-67ec-4afe-a94e-bfe0fc48bbb5","block_type":"box","text":"Emerald Expositions Holding, Inc.","page_number":11,"box":{"x":521,"y":305,"width":163,"height":10}},{"id":"33209f99-b626-49b8-a69d-f4bde384ee2b","block_type":"box","text":"(c)(l)","page_number":11,"box":{"x":686,"y":304,"width":16,"height":6}},{"id":"cbac3d1e-bd73-4bc5-ab55-b52872f943e5","block_type":"box","text":"2026 Delayed Draw Term Loan (100MM), 06/17/33","page_number":11,"box":{"x":534,"y":318,"width":247,"height":10}},{"id":"af2d7669-e6a9-4543-ad14-8e57adc6a910","block_type":"box","text":"...","page_number":11,"box":{"x":787,"y":324,"width":11,"height":2}},{"id":"66bc3f7a-777d-408f-93de-70df82220672","block_type":"box","text":"115 114,996","page_number":11,"box":{"x":867,"y":318,"width":107,"height":9}},{"id":"e5f976e7-7a11-416c-b2d4-3ce6a3e44cd1","block_type":"box","text":"2026 Delayed Draw Term Loan (200MM), 06/17/33","page_number":11,"box":{"x":534,"y":331,"width":247,"height":10}},{"id":"f7856cc8-9f51-47a6-88a9-92ad73d90fbb","block_type":"box","text":"...","page_number":11,"box":{"x":787,"y":337,"width":11,"height":2}},{"id":"7570b095-aec0-45c1-b72f-a4d76a27310a","block_type":"box","text":"115 115,140","page_number":11,"box":{"x":867,"y":331,"width":107,"height":9}},{"id":"29e84764-a3ea-433f-864a-f003586a4ab2","block_type":"box","text":"2026 Term Loan, 06/17/33","page_number":11,"box":{"x":534,"y":344,"width":128,"height":9}},{"id":"009d9e84-4268-445a-a3c2-709be8e774a2","block_type":"box","text":"...........................","page_number":11,"box":{"x":666,"y":350,"width":132,"height":1}},{"id":"5d9b4609-05d3-4ba3-901b-7c91bf745103","block_type":"box","text":"441 440,412","page_number":11,"box":{"x":865,"y":344,"width":109,"height":9}},{"id":"5ecb6e0f-a563-471c-a0a7-daf1fc2aa72e","block_type":"box","text":"Guardian U.S. Holdco LLC, 2023 Term Loan B, (3-mo.","page_number":11,"box":{"x":521,"y":357,"width":263,"height":9}},{"id":"60059a0e-36d5-403f-b182-e3338446d466","block_type":"box","text":"CME Term SOFR at 0.50% Floor + 3.25%), 6.98%,","page_number":11,"box":{"x":535,"y":370,"width":246,"height":9}},{"id":"095d0074-35c2-4abc-aa01-e0c100f2d86b","block_type":"box","text":"01/31/30","page_number":11,"box":{"x":534,"y":383,"width":42,"height":7}},{"id":"0b1bca2e-7648-4795-b298-718ad38a181b","block_type":"box","text":"............................................","page_number":11,"box":{"x":580,"y":389,"width":218,"height":1}},{"id":"ba2779ea-8cdb-4f7c-a1e8-4c91b11cec65","block_type":"box","text":"1,447 1,424,945","page_number":11,"box":{"x":857,"y":383,"width":117,"height":9}},{"id":"ed5a7f49-7c58-4a08-aaf2-bcb551a3e9c9","block_type":"box","text":"Kellermeyer Bergensons Services LLC","page_number":11,"box":{"x":521,"y":395,"width":188,"height":10}},{"id":"b0a64a52-697a-4e80-8ee3-fc71063961f8","block_type":"box","text":"(c)","page_number":11,"box":{"x":710,"y":394,"width":9,"height":6}},{"id":"60e2b02e-13c7-474b-91e7-5b72ddf1c465","block_type":"box","text":"2023 6th Amendment Term Loan, 11/06/28","page_number":11,"box":{"x":534,"y":408,"width":207,"height":9}},{"id":"0f2e7d91-28fa-4823-a829-476a05aa01b4","block_type":"box","text":"(d)(j)(l)","page_number":11,"box":{"x":742,"y":407,"width":24,"height":6}},{"id":"1a739def-bac5-4254-b353-f0ec81c9d513","block_type":"box","text":"......","page_number":11,"box":{"x":772,"y":415,"width":26,"height":1}},{"id":"96319850-f035-4e38-81f8-4f6ac8f6703a","block_type":"box","text":"186 7,797","page_number":11,"box":{"x":866,"y":408,"width":108,"height":9}},{"id":"61db599f-6775-4464-9494-0654592fe268","block_type":"box","text":"2024 Amendment No. 8 Term Loan, (3-mo. CME Term","page_number":11,"box":{"x":534,"y":421,"width":263,"height":10}},{"id":"96854ab4-5bc5-4443-9eb4-8d4e58c181d6","block_type":"box","text":"SOFR at 1.00% Floor + 1.75% and 3.50% PIK),","page_number":11,"box":{"x":548,"y":434,"width":231,"height":10}},{"id":"62d7c636-0d6b-4aff-9108-af4c85a896c5","block_type":"box","text":"9.06%, 11/06/28","page_number":11,"box":{"x":548,"y":447,"width":78,"height":9}},{"id":"2f85a4c7-09b4-4d2f-ab8d-8cd539523f9e","block_type":"box","text":"(g)","page_number":11,"box":{"x":627,"y":446,"width":10,"height":6}},{"id":"88aeab2f-468e-40b6-8c0e-46807ca7d2d1","block_type":"box","text":"................................","page_number":11,"box":{"x":641,"y":453,"width":157,"height":2}},{"id":"9d83bbc3-282f-454b-9697-da2c866ea0ed","block_type":"box","text":"399 344,000","page_number":11,"box":{"x":866,"y":447,"width":108,"height":9}},{"id":"5785fc1c-1c6e-424d-a13a-93be4e26bb7b","block_type":"box","text":"Multi-Color Corp., 2026 USD PIK Takeback Term Loan,","page_number":11,"box":{"x":521,"y":460,"width":267,"height":10}},{"id":"bae26b3f-7e98-47f9-b174-3c2c11fd26fd","block_type":"box","text":"(3-mo. CME Term SOFR at 0.00% Floor + 2.38%),","page_number":11,"box":{"x":535,"y":473,"width":244,"height":10}},{"id":"d9c424ce-f241-4f62-877d-6c73492b4c3e","block_type":"box","text":"6.03%, 05/11/33","page_number":11,"box":{"x":534,"y":486,"width":79,"height":9}},{"id":"63a37f5e-1201-40aa-ab0d-1d79c8e3be27","block_type":"box","text":".....................................","page_number":11,"box":{"x":616,"y":492,"width":182,"height":1}},{"id":"cdd7cae7-e62c-4d63-82e2-a851eff5587f","block_type":"box","text":"1,447 1,236,389","page_number":11,"box":{"x":857,"y":486,"width":117,"height":9}},{"id":"03dbc042-ba1a-419b-885b-c7c23d5adf65","block_type":"box","text":"TL Voltron Purchaser LLC, Term Loan, (3-mo. CME Term","page_number":11,"box":{"x":521,"y":499,"width":276,"height":9}},{"id":"cb4380f7-813e-4df5-966c-0ac64dd635c4","block_type":"box","text":"SOFR at 1.00% Floor + 5.25%), 8.98%, 12/31/30","page_number":11,"box":{"x":535,"y":512,"width":238,"height":9}},{"id":"ae66a909-f11e-42e4-b55e-9a1f4a961d18","block_type":"box","text":"(c)","page_number":11,"box":{"x":774,"y":510,"width":8,"height":6}},{"id":"aa4f5666-7fa6-4c15-954b-8e2d8ae3e128","block_type":"box","text":"...","page_number":11,"box":{"x":787,"y":518,"width":11,"height":1}},{"id":"7d573054-0808-459a-8575-c1561035a602","block_type":"box","text":"80 77,984","page_number":11,"box":{"x":872,"y":512,"width":102,"height":8}},{"id":"f199b790-4a2a-43c9-b41f-1b18af899e2f","block_type":"box","text":"7,992,472","page_number":11,"box":{"x":926,"y":528,"width":48,"height":9}},{"id":"6b95ead1-07bd-4062-91fb-0f4bf9bb1895","block_type":"box","text":"Construction & Engineering","page_number":11,"box":{"x":521,"y":543,"width":145,"height":10}},{"id":"499a5181-9756-4e5e-a006-82863ca092dd","block_type":"box","text":"(c)","page_number":11,"box":{"x":667,"y":542,"width":10,"height":6}},{"id":"51a04469-d65f-400d-a035-adfc881d7c1c","block_type":"box","text":"— 1.7%","page_number":11,"box":{"x":680,"y":543,"width":39,"height":8}},{"id":"1963b60c-7c80-499b-8bde-7a2ab4b6071e","block_type":"box","text":"Huckabee Acquisition LLC, Term Loan, (3-mo. CME","page_number":11,"box":{"x":521,"y":556,"width":251,"height":10}},{"id":"c59394e6-44e0-41e8-8b84-e984bce05127","block_type":"box","text":"Term SOFR at 1.00% Floor + 5.25%), 8.98%,","page_number":11,"box":{"x":534,"y":569,"width":220,"height":10}},{"id":"4c699ad2-32f4-480c-bbe0-61237800fa66","block_type":"box","text":"01/16/30","page_number":11,"box":{"x":534,"y":582,"width":42,"height":7}},{"id":"25882ea6-056b-48df-859e-aace6bb97dbf","block_type":"box","text":"............................................","page_number":11,"box":{"x":580,"y":588,"width":218,"height":1}},{"id":"e7a33704-f302-4e93-887b-0591e93844c6","block_type":"box","text":"72 72,162","page_number":11,"box":{"x":872,"y":582,"width":102,"height":9}},{"id":"7d2b84dc-70bd-4d8a-a515-c34fb145fef2","block_type":"box","text":"LJ Avalon Holdings LLC","page_number":11,"box":{"x":521,"y":595,"width":116,"height":9}},{"id":"4a5b0d24-60c2-4208-b0d7-f09a6afa7c36","block_type":"box","text":"2024 1st Amendment Delayed Draw Term Loan, (1-","page_number":11,"box":{"x":534,"y":608,"width":251,"height":9}},{"id":"9c119d10-6172-4778-95fa-a4b300048dcc","block_type":"box","text":"day CME Term SOFR at 1.00% Floor + 5.50%),","page_number":11,"box":{"x":548,"y":620,"width":230,"height":10}},{"id":"7e53a4eb-4bb9-4628-80c4-374df3ee1256","block_type":"box","text":"8.41%, 02/01/30","page_number":11,"box":{"x":548,"y":633,"width":79,"height":9}},{"id":"91ea84a1-6a41-42e1-9521-c84e8ac58525","block_type":"box","text":"..................................","page_number":11,"box":{"x":631,"y":640,"width":167,"height":1}},{"id":"ac17bedc-d629-41c6-8880-42c35d8163c3","block_type":"box","text":"777 773,774","page_number":11,"box":{"x":866,"y":633,"width":108,"height":9}},{"id":"de718c9d-550a-4f92-87a7-701748554e02","block_type":"box","text":"2025 3rd Amendment Delayed Draw Term Loan, (3-","page_number":11,"box":{"x":534,"y":646,"width":252,"height":10}},{"id":"f2cdca71-aa8f-4c4a-a57a-93eb9f476ab3","block_type":"box","text":"mo. CME Term SOFR at 1.00% Floor + 4.75%),","page_number":11,"box":{"x":548,"y":659,"width":231,"height":10}},{"id":"c2d22577-c7c3-4a6c-862d-e0bc899faf99","block_type":"box","text":"8.39%, 02/01/30","page_number":11,"box":{"x":548,"y":672,"width":79,"height":9}},{"id":"34daa11f-e5a4-41b6-b49b-9ae441f955d4","block_type":"box","text":"..................................","page_number":11,"box":{"x":631,"y":678,"width":167,"height":2}},{"id":"80b77756-ffd7-4ffd-8bb8-9d5907e77c92","block_type":"box","text":"471 469,116","page_number":11,"box":{"x":865,"y":672,"width":109,"height":9}},{"id":"29de0c5e-0ef5-481e-8878-ee883cc73cf8","block_type":"box","text":"Delayed Draw Term Loan, (3-mo. CME Term SOFR at","page_number":11,"box":{"x":535,"y":685,"width":262,"height":10}},{"id":"912f554b-ddf2-4f94-a64c-1301c7962be3","block_type":"box","text":"1.00% Floor + 4.75%), 8.41%, 02/01/30","page_number":11,"box":{"x":549,"y":698,"width":191,"height":9}},{"id":"677d281b-c463-4e0a-938d-41d6d707a9c5","block_type":"box","text":"............","page_number":11,"box":{"x":742,"y":704,"width":56,"height":1}},{"id":"a7ec8fb6-d8fc-4af8-bb61-5f324613f3af","block_type":"box","text":"107 106,429","page_number":11,"box":{"x":866,"y":698,"width":108,"height":9}},{"id":"63930e85-14d3-4bfc-9102-ed1d0a82d708","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":11,"box":{"x":535,"y":711,"width":252,"height":9}},{"id":"61e3079d-c77c-4c6f-85ec-8350f100f1c9","block_type":"box","text":"4.75%), 7.81%, 02/01/29","page_number":11,"box":{"x":548,"y":724,"width":120,"height":9}},{"id":"b5d907a4-cc39-4ae7-9dd1-f58c06e5c050","block_type":"box","text":"..........................","page_number":11,"box":{"x":671,"y":730,"width":127,"height":1}},{"id":"be681358-fa40-4115-881f-14a55fce9eca","block_type":"box","text":"18 17,712","page_number":11,"box":{"x":872,"y":724,"width":102,"height":9}},{"id":"816245d3-a5c9-43c6-89ac-6c1fdf123412","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":11,"box":{"x":534,"y":736,"width":262,"height":10}},{"id":"9546060c-8dd5-42a7-97b5-6c8de206eb54","block_type":"box","text":"6.25%), 8.43%, 02/01/30","page_number":11,"box":{"x":548,"y":749,"width":120,"height":10}},{"id":"3157c220-f1cf-4a01-8e95-3aa73a7387e4","block_type":"box","text":"..........................","page_number":11,"box":{"x":671,"y":756,"width":127,"height":1}},{"id":"65bfae5e-7c3c-414a-bf29-191d2c4615dc","block_type":"box","text":"277 276,406","page_number":11,"box":{"x":865,"y":749,"width":109,"height":9}},{"id":"eff6349e-c01f-4b3c-ab98-3c77c6db5953","block_type":"box","text":"Pueblo Mechanical and Controls LLC","page_number":11,"box":{"x":521,"y":762,"width":181,"height":8}},{"id":"0e596184-40dc-4071-8cb2-f89bc1cc13a9","block_type":"box","text":"2022 Delayed Draw Term Loan, (3-mo. CME Term","page_number":11,"box":{"x":534,"y":775,"width":244,"height":10}},{"id":"3b8e10e2-d888-401e-bb8c-a66ba89991fa","block_type":"box","text":"SOFR at 0.75% Floor + 6.50%), 8.98%, 08/23/28","page_number":11,"box":{"x":548,"y":788,"width":238,"height":10}},{"id":"762e992f-e461-46a7-be27-7abdf0bd162c","block_type":"box","text":"..","page_number":11,"box":{"x":792,"y":794,"width":6,"height":2}},{"id":"8685e56b-3a46-4b3b-8e25-f0e1bce34fc3","block_type":"box","text":"484 478,813","page_number":11,"box":{"x":865,"y":788,"width":109,"height":9}},{"id":"5bd23dd1-c7ee-4476-a4cd-1a84b43879d3","block_type":"box","text":"2022 Term Loan, (3-mo. CME Term SOFR at 0.75%","page_number":11,"box":{"x":534,"y":801,"width":252,"height":10}},{"id":"88843ebf-28c2-4e01-864b-e971d631e889","block_type":"box","text":"Floor + 6.50%), 8.98%, 08/23/28","page_number":11,"box":{"x":548,"y":814,"width":158,"height":9}},{"id":"012c670f-79be-421a-8735-812c497dab94","block_type":"box","text":"..................","page_number":11,"box":{"x":712,"y":820,"width":86,"height":1}},{"id":"f03aae1b-4e56-4a45-a4ff-0fefdf57cd1a","block_type":"box","text":"698 690,246","page_number":11,"box":{"x":866,"y":814,"width":108,"height":9}},{"id":"75baafbe-cd55-4f08-ad09-e1744b22a9c0","block_type":"box","text":"RBS Buyer, Inc., Term Loan, (3-mo. CME Term SOFR at","page_number":11,"box":{"x":521,"y":827,"width":274,"height":9}},{"id":"e6407829-f833-4edf-ba86-67af10d00fad","block_type":"box","text":"1.00% Floor + 4.75%), 8.41%, 07/31/31","page_number":11,"box":{"x":535,"y":840,"width":190,"height":9}},{"id":"c384f13a-8d4c-4b7e-8800-595a4ba9c8c0","block_type":"box","text":"..............","page_number":11,"box":{"x":732,"y":846,"width":66,"height":1}},{"id":"749ed0c6-af41-4d5d-88e9-08fad0ba0d53","block_type":"box","text":"2,025 2,077,342","page_number":11,"box":{"x":856,"y":840,"width":118,"height":9}},{"id":"9d3b2712-e5de-43ab-895a-38ab3fe563e5","block_type":"box","text":"Titan Home Improvement LLC, Term Loan, (3-mo. CME","page_number":11,"box":{"x":521,"y":852,"width":270,"height":10}},{"id":"e636e469-10f6-435e-bbad-23bb2cdcdbf5","block_type":"box","text":"Term SOFR at 1.00% Floor + 4.75%), 8.42%,","page_number":11,"box":{"x":534,"y":865,"width":220,"height":10}},{"id":"d4398395-e101-4254-8efc-87bf58a0a7f1","block_type":"box","text":"05/31/30","page_number":11,"box":{"x":534,"y":878,"width":42,"height":8}},{"id":"45972878-9810-4df8-a98e-248484d2e66d","block_type":"box","text":"............................................","page_number":11,"box":{"x":580,"y":885,"width":218,"height":1}},{"id":"23324141-86ac-44ef-b9f6-11d127a5aa69","block_type":"box","text":"3,665 3,665,116","page_number":11,"box":{"x":856,"y":878,"width":118,"height":9}},{"id":"637d36f5-f239-480a-9ba9-cbfdec3658b7","block_type":"box","text":"8,627,116","page_number":11,"box":{"x":926,"y":894,"width":48,"height":9}},{"id":"870f3017-c2b5-400e-9bf7-e7b93ecba0dd","block_type":"box","text":"Consolidated Schedule of Investments","page_number":11,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"c62db115-54ea-4f76-9dee-156711dfcda6","block_type":"box","text":"(unaudited) (continued)","page_number":11,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"158facf4-0843-4597-9ceb-dab0d55b97a9","block_type":"box","text":"June 30, 2026","page_number":11,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"b3112577-2f08-4f66-9563-04629ee2174f","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":11,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"7c9e988c-916d-4223-b273-424183b03dbf","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":11,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"3da3da12-675f-475c-afda-a1d72833eb50","block_type":"box","text":"C","page_number":11,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"cbc92990-6477-4d07-b2fa-39b9a0aeee18","block_type":"box","text":"ONSOLIDATED","page_number":11,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"584356f0-6d90-44db-96fd-f0ff696923ce","block_type":"box","text":"S","page_number":11,"box":{"x":147,"y":967,"width":6,"height":7}},{"id":"9944fa45-1f75-4e86-9c5d-187f2d4fe69e","block_type":"box","text":"CHEDULE OF","page_number":11,"box":{"x":158,"y":969,"width":86,"height":5}},{"id":"1568aaf7-eeed-4231-b65d-5b8c92b7e7db","block_type":"box","text":"I","page_number":11,"box":{"x":256,"y":967,"width":1,"height":7}},{"id":"b13ca680-a764-44e3-9643-8c6126545606","block_type":"box","text":"NVESTMENTS","page_number":11,"box":{"x":263,"y":969,"width":87,"height":5}},{"id":"6c3c6681-7b84-47b0-819e-e887d6b00124","block_type":"box","text":"NM0826U-5876566-11/56","page_number":11,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"c38ef631-6295-4513-a87e-7ea2ac455f97","block_type":"box","text":"11","page_number":11,"box":{"x":956,"y":965,"width":10,"height":9}},{"id":"2d613601-3d27-49d1-b9d3-26db9789bf8f","block_type":"box","text":"Security","page_number":12,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"991efca6-6341-4feb-9eb8-418da3ea7445","block_type":"box","text":"Par","page_number":12,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"9695758e-066a-42eb-b20a-493061498f78","block_type":"box","text":"(000) Value","page_number":12,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"f9670b82-cd2a-43fc-8cbc-13a88d43175a","block_type":"box","text":"Construction Materials — 0.2%","page_number":12,"box":{"x":30,"y":119,"width":161,"height":8}},{"id":"d23a6ee4-2d46-4277-aa26-d5150fb4b9bc","block_type":"box","text":"AHF Parent Holding, Inc., Term Loan, (3-mo. CME Term","page_number":12,"box":{"x":30,"y":132,"width":272,"height":10}},{"id":"ebada4cb-034b-4a4e-82d2-d1e70eac04e8","block_type":"box","text":"SOFR at 0.75% Floor + 6.25%), 10.24%, 02/01/28","page_number":12,"box":{"x":44,"y":145,"width":244,"height":9}},{"id":"5541d827-29ac-4e04-930f-0f0e191a11c0","block_type":"box","text":"(c)","page_number":12,"box":{"x":289,"y":143,"width":9,"height":6}},{"id":"455be5bb-7b76-4f74-af9f-ce8745671631","block_type":"box","text":"..","page_number":12,"box":{"x":301,"y":151,"width":7,"height":1}},{"id":"dca2e4b5-7c6f-4fd5-bca0-d0aaa363129c","block_type":"box","text":"USD 1,649 $ 1,286,163","page_number":12,"box":{"x":320,"y":144,"width":163,"height":10}},{"id":"8a9d9a70-ccec-4db0-be22-0410f1455d99","block_type":"box","text":"Consumer Finance","page_number":12,"box":{"x":30,"y":163,"width":99,"height":8}},{"id":"113daff2-d55a-4cc0-a61b-dd23da1bbeb2","block_type":"box","text":"(c)","page_number":12,"box":{"x":129,"y":162,"width":10,"height":6}},{"id":"d6e979ed-4d8d-4893-9f44-11fa4d4804ac","block_type":"box","text":"— 0.1%","page_number":12,"box":{"x":142,"y":163,"width":39,"height":8}},{"id":"d2d9ba89-6c89-4162-9e2f-f77f90a56c74","block_type":"box","text":"Barri Financial Group LLC, Term Loan, (1-mo. CME Term","page_number":12,"box":{"x":31,"y":176,"width":276,"height":10}},{"id":"c2477a2b-c1e9-45fb-884d-1db9daf6a388","block_type":"box","text":"SOFR + 8.25%), 11.99%, 12/14/27","page_number":12,"box":{"x":44,"y":189,"width":168,"height":10}},{"id":"bde2d079-e88f-4026-b148-a12ed4a9db7a","block_type":"box","text":"...................","page_number":12,"box":{"x":216,"y":196,"width":92,"height":1}},{"id":"f693c651-8b98-41a4-a1e5-d28b7eb9b0b9","block_type":"box","text":"376 340,909","page_number":12,"box":{"x":375,"y":189,"width":108,"height":9}},{"id":"5fc76475-1834-4d1f-8f58-2b21aeaf0299","block_type":"box","text":"Lucky U.S. Buyerco LLC","page_number":12,"box":{"x":31,"y":202,"width":118,"height":10}},{"id":"3f6d7186-8483-4132-b277-58e6a4763354","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":12,"box":{"x":44,"y":215,"width":252,"height":10}},{"id":"24dd100d-201b-494f-ae53-b2957289d54b","block_type":"box","text":"8.25%), 11.92%, 03/29/29","page_number":12,"box":{"x":57,"y":228,"width":126,"height":10}},{"id":"baf91f96-491b-4c69-808c-886a7c3176ed","block_type":"box","text":".........................","page_number":12,"box":{"x":185,"y":234,"width":122,"height":1}},{"id":"d09726dd-3467-471f-8c8c-7b7e2100aceb","block_type":"box","text":"10 9,913","page_number":12,"box":{"x":382,"y":228,"width":101,"height":9}},{"id":"e721d983-e876-4a85-8091-ef275480e44c","block_type":"box","text":"Term Loan B, (3-mo. CME Term SOFR at 1.00% Floor","page_number":12,"box":{"x":43,"y":241,"width":264,"height":9}},{"id":"84dbd5f6-fe97-4416-b42a-03a3a6a88649","block_type":"box","text":"+ 6.25% and 2.00% PIK), 11.92%, 03/29/29","page_number":12,"box":{"x":57,"y":254,"width":212,"height":9}},{"id":"a86925f6-22dc-49c4-95d3-333e9a8b750c","block_type":"box","text":"(g)","page_number":12,"box":{"x":270,"y":252,"width":9,"height":6}},{"id":"5bb84e33-54b7-4331-9710-ec2c254522b3","block_type":"box","text":"......","page_number":12,"box":{"x":281,"y":260,"width":27,"height":1}},{"id":"ed04f547-5929-42aa-82c4-f6d36e275406","block_type":"box","text":"85 82,702","page_number":12,"box":{"x":381,"y":254,"width":102,"height":9}},{"id":"e18bee62-c6eb-404f-a066-f8fea2932058","block_type":"box","text":"433,524","page_number":12,"box":{"x":444,"y":270,"width":39,"height":9}},{"id":"40e0a2f2-b25e-4a5d-8448-2f91dbc7f170","block_type":"box","text":"Containers & Packaging — 0.0%","page_number":12,"box":{"x":30,"y":285,"width":168,"height":10}},{"id":"4284e570-0e7d-4f2a-ba4f-62e4c6061ce7","block_type":"box","text":"Brook & Whittle Holding Corp., 2025 Term Loan C,","page_number":12,"box":{"x":31,"y":298,"width":244,"height":10}},{"id":"12793a4f-2adf-47e5-bb8d-614349104892","block_type":"box","text":"03/14/29","page_number":12,"box":{"x":44,"y":311,"width":42,"height":8}},{"id":"5c739a9b-13c2-41e7-808d-602aae07f243","block_type":"box","text":"(c)(d)(j)(l)","page_number":12,"box":{"x":87,"y":310,"width":33,"height":6}},{"id":"0a73c1aa-2f33-4464-9c27-ed9c2648614c","block_type":"box","text":".....................................","page_number":12,"box":{"x":125,"y":317,"width":183,"height":2}},{"id":"f4251938-0a02-4b27-b067-cb035573bf0d","block_type":"box","text":"3,480 —","page_number":12,"box":{"x":366,"y":311,"width":117,"height":9}},{"id":"93f648a0-2fd6-4d93-8a7c-1782ea506413","block_type":"box","text":"Distributors — 0.4%","page_number":12,"box":{"x":31,"y":330,"width":103,"height":8}},{"id":"82f42983-04f2-4ff9-a085-a13a5c6e651f","block_type":"box","text":"Johnstone Supply LLC, 2026 Term Loan B, (1-mo. CME","page_number":12,"box":{"x":30,"y":343,"width":272,"height":9}},{"id":"e802bee1-4b1e-4256-8efc-1bc2f14ccba4","block_type":"box","text":"Term SOFR at 0.00% Floor + 2.25%), 5.87%,","page_number":12,"box":{"x":43,"y":356,"width":220,"height":9}},{"id":"5b419666-24d5-4835-9a1c-9e2f737c0f28","block_type":"box","text":"06/09/31","page_number":12,"box":{"x":44,"y":368,"width":40,"height":8}},{"id":"a5101622-6bb9-4887-96d5-6eff313c7dc1","block_type":"box","text":"............................................","page_number":12,"box":{"x":90,"y":375,"width":217,"height":1}},{"id":"444d7ebd-1933-4226-9104-8a6e093f76cb","block_type":"box","text":"2,143 2,139,618","page_number":12,"box":{"x":365,"y":369,"width":118,"height":8}},{"id":"ca5dc585-ad56-491a-9fa4-5da303d499e7","block_type":"box","text":"Diversified Consumer Services — 1.7%","page_number":12,"box":{"x":31,"y":387,"width":202,"height":8}},{"id":"7dfd792a-b372-42cd-9302-a91077cc7b50","block_type":"box","text":"Express Wash Acquisition Co. LLC, 2025 Term Loan,","page_number":12,"box":{"x":31,"y":400,"width":256,"height":10}},{"id":"af6e76a8-8740-47c1-b2fd-a10616b7f2db","block_type":"box","text":"(3-mo. CME Term SOFR at 1.00% Floor + 6.25%),","page_number":12,"box":{"x":44,"y":413,"width":244,"height":10}},{"id":"5af04dc7-b77d-422c-8a79-6edf19e5d56d","block_type":"box","text":"9.92%, 04/10/31","page_number":12,"box":{"x":44,"y":426,"width":77,"height":9}},{"id":"a6f84865-a517-45a9-82a8-23646d14ee3a","block_type":"box","text":"(c)","page_number":12,"box":{"x":124,"y":424,"width":9,"height":6}},{"id":"d832b2bb-3f13-4cbd-9b19-a96d8fdb5ae9","block_type":"box","text":"...................................","page_number":12,"box":{"x":135,"y":432,"width":172,"height":1}},{"id":"60183801-1917-4166-910b-b23d6f6e7c52","block_type":"box","text":"4,675 4,371,133","page_number":12,"box":{"x":365,"y":426,"width":118,"height":9}},{"id":"5ec73302-7b8e-430b-9bdb-ba62a6c74be5","block_type":"box","text":"Fusion Holding Corp.","page_number":12,"box":{"x":31,"y":439,"width":101,"height":9}},{"id":"57e5c19c-d7e6-4636-bb9f-8e4e6159b711","block_type":"box","text":"(c)","page_number":12,"box":{"x":134,"y":437,"width":8,"height":6}},{"id":"6c44caf0-90ce-43de-a0ed-527542019736","block_type":"box","text":"Revolver, (Prime + 5.25%), 11.98%, 09/15/28","page_number":12,"box":{"x":44,"y":452,"width":219,"height":9}},{"id":"7d3c4080-28f4-43d7-9fb2-dc6581f5d44f","block_type":"box","text":".........","page_number":12,"box":{"x":266,"y":458,"width":42,"height":1}},{"id":"67c0d53b-1809-4560-9ed3-12a6d7c21424","block_type":"box","text":"5 4,578","page_number":12,"box":{"x":387,"y":452,"width":96,"height":9}},{"id":"59ce2655-93f7-4d1a-b31f-8505e611f587","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 0.75% Floor +","page_number":12,"box":{"x":43,"y":464,"width":262,"height":10}},{"id":"bff4684d-6deb-43a4-8be0-2f057b3b1cf3","block_type":"box","text":"4.50% and 2.00% PIK), 10.16%, 09/14/29","page_number":12,"box":{"x":57,"y":477,"width":203,"height":10}},{"id":"3b38394e-1e3e-4f86-8da2-79f247d345a5","block_type":"box","text":"(g)","page_number":12,"box":{"x":261,"y":476,"width":9,"height":6}},{"id":"18bb0a47-ca1d-43bf-b975-d940babb9d7c","block_type":"box","text":".......","page_number":12,"box":{"x":276,"y":484,"width":32,"height":1}},{"id":"12ae0926-cff2-443d-8d0f-20cb4c89335a","block_type":"box","text":"226 197,795","page_number":12,"box":{"x":375,"y":477,"width":108,"height":9}},{"id":"7a14d2c5-66d9-444e-af43-27d38ca966ea","block_type":"box","text":"KUEHG Corp., 2025 Term Loan, (3-mo. CME Term","page_number":12,"box":{"x":31,"y":490,"width":246,"height":10}},{"id":"8c03355f-7858-47b8-81e7-d5fa2304b17a","block_type":"box","text":"SOFR at 0.50% Floor + 2.75%), 6.48%, 06/12/30","page_number":12,"box":{"x":44,"y":503,"width":238,"height":10}},{"id":"68894b7c-0ee9-42ee-a958-5c47de6d6e7d","block_type":"box","text":".....","page_number":12,"box":{"x":286,"y":509,"width":22,"height":2}},{"id":"5e5414ff-d86c-492e-9bc5-b810e22fd6d8","block_type":"box","text":"1,029 989,481","page_number":12,"box":{"x":366,"y":503,"width":115,"height":9}},{"id":"491edfeb-2d6f-4af3-b972-77c3a353ede5","block_type":"box","text":"Learning Care Group U.S. No. 2, Inc., 2024 Term Loan","page_number":12,"box":{"x":31,"y":516,"width":265,"height":10}},{"id":"8ae4fc8a-7bea-4e27-a84d-a175ae53214a","block_type":"box","text":"B, (3-mo. CME Term SOFR + 4.00%), 7.67%,","page_number":12,"box":{"x":44,"y":529,"width":220,"height":10}},{"id":"45cdc29d-dac6-40bd-b037-1bf3acdaba7a","block_type":"box","text":"08/11/28","page_number":12,"box":{"x":44,"y":542,"width":41,"height":7}},{"id":"8132ac92-307f-4b04-bff7-690a8c3f988d","block_type":"box","text":"............................................","page_number":12,"box":{"x":90,"y":548,"width":217,"height":1}},{"id":"33498cba-b2bc-474d-8b43-5aecc437fdad","block_type":"box","text":"1,454 1,128,490","page_number":12,"box":{"x":366,"y":542,"width":117,"height":9}},{"id":"da1c7d5f-8fd6-4b88-88ac-c6d18ec1c951","block_type":"box","text":"Mckissock Investment Holdings LLC","page_number":12,"box":{"x":31,"y":555,"width":175,"height":9}},{"id":"1f304ee2-dc0b-44ca-8839-f4cad64422df","block_type":"box","text":"2022 Term Loan, (3-mo. CME Term SOFR at 0.75%","page_number":12,"box":{"x":43,"y":568,"width":252,"height":9}},{"id":"abf98d20-c016-4a85-b38f-01fc5f774799","block_type":"box","text":"Floor + 5.00%), 8.83%, 03/12/29","page_number":12,"box":{"x":58,"y":580,"width":157,"height":10}},{"id":"0a3a72e1-5635-44d7-a59f-cbf384b8f0ad","block_type":"box","text":"..................","page_number":12,"box":{"x":221,"y":587,"width":87,"height":1}},{"id":"0075f60b-9924-4a10-b1b7-11a44e198b34","block_type":"box","text":"130 110,099","page_number":12,"box":{"x":375,"y":581,"width":108,"height":8}},{"id":"cdb936d4-fd5e-4641-9090-437752d0c28b","block_type":"box","text":"Incremental Term Loan, (3-mo. CME Term SOFR at","page_number":12,"box":{"x":44,"y":593,"width":250,"height":10}},{"id":"342b2bde-e10c-46f7-8888-ab449d0ccaa9","block_type":"box","text":"0.75% Floor + 5.00%), 8.67%, 03/12/29","page_number":12,"box":{"x":57,"y":606,"width":192,"height":10}},{"id":"638a78cc-111e-4246-a846-e79f87036e59","block_type":"box","text":"............","page_number":12,"box":{"x":251,"y":613,"width":57,"height":1}},{"id":"a84ee5fd-d2c1-4587-8ac8-414bc3b0846c","block_type":"box","text":"901 764,739","page_number":12,"box":{"x":375,"y":606,"width":108,"height":9}},{"id":"ec45833b-a9c0-4b55-af99-3cec17b3df38","block_type":"box","text":"OLA Netherlands BV, Term Loan, (1-mo. CME Term","page_number":12,"box":{"x":30,"y":619,"width":251,"height":10}},{"id":"cf9a8901-782c-4a2b-8de9-c61b711430fd","block_type":"box","text":"SOFR at 0.75% Floor + 6.25%), 9.99%, 12/15/26","page_number":12,"box":{"x":44,"y":632,"width":238,"height":10}},{"id":"58c9e465-8f9d-49d5-b83b-def26ed560fb","block_type":"box","text":".....","page_number":12,"box":{"x":286,"y":638,"width":22,"height":2}},{"id":"a40d5edf-b910-4629-9b6b-61ec6048c640","block_type":"box","text":"108 106,988","page_number":12,"box":{"x":375,"y":632,"width":108,"height":9}},{"id":"a50b1fe1-889d-4dce-8937-5894517f4564","block_type":"box","text":"University Support Services LLC, 2022 Term Loan B,","page_number":12,"box":{"x":31,"y":645,"width":255,"height":10}},{"id":"a5a4de48-439d-496d-a002-91768895ce28","block_type":"box","text":"(1-mo. CME Term SOFR at 0.50% Floor + 2.75%),","page_number":12,"box":{"x":44,"y":658,"width":244,"height":9}},{"id":"5abbe752-7088-408a-9c6e-cc9d1be32ef4","block_type":"box","text":"6.39%, 02/10/29","page_number":12,"box":{"x":44,"y":671,"width":79,"height":9}},{"id":"bb185f78-fb06-4a66-a7ba-9fd6ed848329","block_type":"box","text":".....................................","page_number":12,"box":{"x":125,"y":677,"width":182,"height":1}},{"id":"36274d39-eb8c-4881-8688-1003f2cfb47c","block_type":"box","text":"989 973,631","page_number":12,"box":{"x":375,"y":671,"width":106,"height":9}},{"id":"2514d25c-d320-421f-a226-27e4608b4114","block_type":"box","text":"8,646,934","page_number":12,"box":{"x":435,"y":687,"width":48,"height":9}},{"id":"8f5608a4-1ec5-46f0-bb7c-e62b6c8bb4e0","block_type":"box","text":"Diversified Telecommunication Services — 2.1%","page_number":12,"box":{"x":31,"y":702,"width":250,"height":8}},{"id":"b1ce647a-83bf-430c-be8c-68e06049e93e","block_type":"box","text":"Altice France SA, 2025 USD Term Loan B14, (3-mo.","page_number":12,"box":{"x":30,"y":715,"width":253,"height":10}},{"id":"92dbae06-490c-4019-84d3-6fee8d856dfd","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 6.88%), 10.55%,","page_number":12,"box":{"x":44,"y":728,"width":253,"height":10}},{"id":"6d8e1d69-21e4-490f-8d4c-1ca769ef6582","block_type":"box","text":"05/31/31","page_number":12,"box":{"x":44,"y":741,"width":40,"height":8}},{"id":"100af8c1-e394-4a5b-8e71-6c3a3669e345","block_type":"box","text":"............................................","page_number":12,"box":{"x":90,"y":747,"width":217,"height":1}},{"id":"c63079bf-1555-4aad-ad9f-d9dae449fcea","block_type":"box","text":"4,916 5,009,212","page_number":12,"box":{"x":365,"y":741,"width":118,"height":9}},{"id":"f8d9d7ff-e414-4ebb-a091-08b5d26559af","block_type":"box","text":"Aventiv Technologies LLC","page_number":12,"box":{"x":30,"y":754,"width":126,"height":10}},{"id":"9ddc4f18-f515-4871-b7ae-6dced4270f90","block_type":"box","text":"2025 5th Amendment Incremental Bridge Loan, (3-","page_number":12,"box":{"x":43,"y":767,"width":247,"height":9}},{"id":"9351202b-628f-42bb-91db-776c7ad12d5a","block_type":"box","text":"mo. CME Term SOFR at 1.00% Floor + 10.00%),","page_number":12,"box":{"x":57,"y":780,"width":237,"height":9}},{"id":"c42eb226-941e-448c-847e-a32804a61c89","block_type":"box","text":"13.93%, 09/30/26","page_number":12,"box":{"x":58,"y":793,"width":84,"height":9}},{"id":"d927ccf0-e90f-4e74-838a-2c5c2c3e5c06","block_type":"box","text":".................................","page_number":12,"box":{"x":145,"y":799,"width":162,"height":1}},{"id":"387f9e0f-5d57-4950-a8c9-c9e70ac564b1","block_type":"box","text":"3,000 3,022,500","page_number":12,"box":{"x":366,"y":793,"width":117,"height":9}},{"id":"fac4db66-27a7-4d4e-90bb-b199d85e56f4","block_type":"box","text":"2026 8th Amendment Incremental Bridge Loan, (3-","page_number":12,"box":{"x":43,"y":805,"width":247,"height":10}},{"id":"13478deb-9f06-4cb4-ba33-1c9cf60fcd44","block_type":"box","text":"mo. CME Term SOFR at 1.00% Floor + 7.00%),","page_number":12,"box":{"x":57,"y":818,"width":231,"height":10}},{"id":"ccd266fa-a26d-4b53-a645-da44e610fa14","block_type":"box","text":"10.91%, 09/30/26","page_number":12,"box":{"x":58,"y":831,"width":84,"height":9}},{"id":"b6a4010d-ae10-4152-a8e6-88751cbbfbb4","block_type":"box","text":".................................","page_number":12,"box":{"x":145,"y":838,"width":162,"height":1}},{"id":"c1042ffd-2f5a-4cfa-a0ec-8a930460e4c9","block_type":"box","text":"44 43,151","page_number":12,"box":{"x":381,"y":831,"width":100,"height":9}},{"id":"76031d5c-7586-44de-a43d-783fc02c7219","block_type":"box","text":"Coral-U.S. Co-Borrower LLC, 2021 Term Loan B6, (1-","page_number":12,"box":{"x":30,"y":844,"width":261,"height":10}},{"id":"ff028a89-8df0-4ba4-8096-e9c7f1551cfe","block_type":"box","text":"mo. CME Term SOFR at 0.00% Floor + 3.00%),","page_number":12,"box":{"x":44,"y":857,"width":230,"height":10}},{"id":"fedb41c7-8410-4334-b989-1f6b207f03b7","block_type":"box","text":"6.74%, 10/15/29","page_number":12,"box":{"x":44,"y":870,"width":79,"height":9}},{"id":"78e9b73d-8154-4238-9290-e4cc3c332bbb","block_type":"box","text":".....................................","page_number":12,"box":{"x":125,"y":876,"width":182,"height":1}},{"id":"3fe5c10c-df92-4b2e-b486-be8583a7b0d9","block_type":"box","text":"2,842 2,760,917","page_number":12,"box":{"x":365,"y":870,"width":118,"height":9}},{"id":"162e68f2-2f17-473f-8a0c-37f54c968059","block_type":"box","text":"10,835,780","page_number":12,"box":{"x":429,"y":886,"width":54,"height":9}},{"id":"c888db1f-1fa7-46c4-8d50-c93e8607a1bd","block_type":"box","text":"Security","page_number":12,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"5552c5a3-e7ea-4161-9623-a787e09b1e43","block_type":"box","text":"Par","page_number":12,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"6cb1bb83-e0ea-49ca-99e0-fed494b0a99e","block_type":"box","text":"(000) Value","page_number":12,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"3ecc902e-7716-4090-836b-2a867a35b736","block_type":"box","text":"Electric Utilities — 0.3%","page_number":12,"box":{"x":521,"y":119,"width":124,"height":8}},{"id":"79a996e4-f22e-431c-bcdd-d5f86b3de768","block_type":"box","text":"MRP Buyer LLC, Term Loan, (3-mo. CME Term SOFR at","page_number":12,"box":{"x":521,"y":132,"width":276,"height":10}},{"id":"231068c0-c77c-4883-9f86-6f7c8fc34270","block_type":"box","text":"0.00% Floor + 3.25%), 6.98%, 06/04/32","page_number":12,"box":{"x":534,"y":145,"width":193,"height":9}},{"id":"c2babb5a-980c-4739-8121-28f491855c77","block_type":"box","text":"..............","page_number":12,"box":{"x":732,"y":151,"width":66,"height":1}},{"id":"6b6c9f95-49f9-455c-a2b6-dab354fee4aa","block_type":"box","text":"USD 1,472 $ 1,476,085","page_number":12,"box":{"x":810,"y":144,"width":164,"height":10}},{"id":"6bda9564-3017-4594-9bf3-ad83abf1bf99","block_type":"box","text":"Electrical Equipment — 0.3%","page_number":12,"box":{"x":521,"y":163,"width":150,"height":10}},{"id":"038da990-ff46-4b4b-9a44-4a2c8db159fe","block_type":"box","text":"Forgent Power LLC, 2026 Term Loan B, (3-mo. CME","page_number":12,"box":{"x":522,"y":176,"width":255,"height":10}},{"id":"6f3997ea-f5ad-4b50-b45e-28b0cd92a64b","block_type":"box","text":"Term SOFR at 0.00% Floor + 2.25%), 5.95%,","page_number":12,"box":{"x":534,"y":189,"width":220,"height":10}},{"id":"0215ffe7-051c-49c3-8a5d-a186185454cf","block_type":"box","text":"12/20/32","page_number":12,"box":{"x":535,"y":202,"width":41,"height":8}},{"id":"1ec40d9f-bcfd-48f0-9630-a3906fdd6231","block_type":"box","text":"............................................","page_number":12,"box":{"x":580,"y":208,"width":218,"height":2}},{"id":"d6f0a701-63da-4763-8b8e-22a34d636b56","block_type":"box","text":"1,265 1,266,726","page_number":12,"box":{"x":857,"y":202,"width":117,"height":9}},{"id":"f4d31512-e628-41e1-aae8-ff203b359015","block_type":"box","text":"Sparkstone Electrical Group","page_number":12,"box":{"x":521,"y":215,"width":136,"height":10}},{"id":"3434dac0-d653-43ee-9b4a-0c2f9e5a8f02","block_type":"box","text":"(c)","page_number":12,"box":{"x":658,"y":214,"width":9,"height":6}},{"id":"57a547fb-618c-497d-99a9-b0372b9d6ced","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR + 5.25%), 8.93%,","page_number":12,"box":{"x":535,"y":228,"width":255,"height":10}},{"id":"d6c2b2cd-b8f7-4a03-aaa1-28e45766355e","block_type":"box","text":"10/15/31","page_number":12,"box":{"x":549,"y":241,"width":39,"height":7}},{"id":"eb23289f-926c-465b-ae6e-7798cbe7488e","block_type":"box","text":".........................................","page_number":12,"box":{"x":596,"y":247,"width":202,"height":1}},{"id":"68ea752b-8b75-4f7c-8e13-b55e252e35ff","block_type":"box","text":"6 5,024","page_number":12,"box":{"x":878,"y":241,"width":96,"height":9}},{"id":"34530578-a2d8-49f8-bc04-b03c40f64c2d","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR + 5.25%),","page_number":12,"box":{"x":534,"y":254,"width":228,"height":9}},{"id":"6528ecf2-b808-437b-bf33-a683a7950063","block_type":"box","text":"8.89%, 10/15/31","page_number":12,"box":{"x":548,"y":267,"width":78,"height":9}},{"id":"7cfacb5b-984a-43f0-9aa0-89dfc1834f25","block_type":"box","text":"..................................","page_number":12,"box":{"x":631,"y":273,"width":167,"height":1}},{"id":"22e0ab3e-1179-49a8-b845-1556c1e2eb02","block_type":"box","text":"55 45,097","page_number":12,"box":{"x":872,"y":267,"width":102,"height":9}},{"id":"9af42b45-4a9f-491a-9ddf-57f9a0b94607","block_type":"box","text":"1,316,847","page_number":12,"box":{"x":926,"y":283,"width":48,"height":9}},{"id":"70fec4ac-2fb6-4615-9b74-70ffa2b8f75e","block_type":"box","text":"Electronic Equipment, Instruments & Components","page_number":12,"box":{"x":521,"y":298,"width":262,"height":10}},{"id":"882bbf49-df76-4e3f-b211-4d348fbc9737","block_type":"box","text":"(c)","page_number":12,"box":{"x":784,"y":297,"width":10,"height":6}},{"id":"c3d7c473-b16d-4852-bc89-07c414d5e900","block_type":"box","text":"— 0.6%","page_number":12,"box":{"x":797,"y":298,"width":39,"height":8}},{"id":"b61e8bc5-6f55-48a0-98a5-68a736577028","block_type":"box","text":"Dwyer Instruments, Inc., 2026 Incremental Term Loan,","page_number":12,"box":{"x":521,"y":311,"width":264,"height":10}},{"id":"a8426abc-9598-4953-85ac-e58ca463ab36","block_type":"box","text":"(3-mo. CME Term SOFR at 0.75% Floor + 4.75%),","page_number":12,"box":{"x":535,"y":324,"width":244,"height":10}},{"id":"7c5d3f6e-b1ea-471a-b7d2-035ec9fe989e","block_type":"box","text":"8.44%, 07/20/29","page_number":12,"box":{"x":534,"y":337,"width":80,"height":9}},{"id":"60afec77-07c1-4779-94e1-05aca528b641","block_type":"box","text":".....................................","page_number":12,"box":{"x":616,"y":343,"width":182,"height":1}},{"id":"704c4c05-22c9-4698-b2ff-d51f63cc56bd","block_type":"box","text":"1,934 1,914,449","page_number":12,"box":{"x":857,"y":337,"width":117,"height":9}},{"id":"cb17cc33-86df-4609-bd02-cb3d55b9a084","block_type":"box","text":"Emerald Technologies U.S. Acquisitionco, Inc.","page_number":12,"box":{"x":521,"y":350,"width":223,"height":9}},{"id":"96834fc0-6791-4728-bc4d-3787d5482b14","block_type":"box","text":"2026 7th Amendment Term Loan, (3-mo. CME Term","page_number":12,"box":{"x":534,"y":363,"width":252,"height":9}},{"id":"fc15d68c-196f-4034-abd7-0dd8efd9b808","block_type":"box","text":"SOFR at 0.00% Floor + 6.25%), 4.88%, 12/31/29","page_number":12,"box":{"x":548,"y":376,"width":238,"height":9}},{"id":"60a04365-ab37-402e-bffb-ca56229e4067","block_type":"box","text":"..","page_number":12,"box":{"x":792,"y":382,"width":6,"height":1}},{"id":"c16efd41-ce67-49c5-9bf3-34d59f7c543c","block_type":"box","text":"1,367 820,144","page_number":12,"box":{"x":857,"y":376,"width":117,"height":8}},{"id":"657d9a64-5a53-442e-bd56-eb05b3ded408","block_type":"box","text":"Revolver, (1-mo. CME Term SOFR + 6.00%), 9.85%,","page_number":12,"box":{"x":535,"y":388,"width":255,"height":10}},{"id":"c37267f9-8cd1-4f05-947d-3f0276a66899","block_type":"box","text":"12/29/26","page_number":12,"box":{"x":549,"y":401,"width":41,"height":8}},{"id":"e33e7636-e7ef-4436-b14f-c01033c2a806","block_type":"box","text":"(d)(j)","page_number":12,"box":{"x":591,"y":400,"width":16,"height":6}},{"id":"be0c0fe3-835b-4401-84a3-c3954e6c2465","block_type":"box","text":"......................................","page_number":12,"box":{"x":611,"y":408,"width":187,"height":1}},{"id":"16c85a6a-27d9-49de-8f9c-ea4071668e60","block_type":"box","text":"516 305,924","page_number":12,"box":{"x":866,"y":401,"width":108,"height":9}},{"id":"c4e5cd52-0085-41e3-aa96-90d83ea15396","block_type":"box","text":"3,040,517","page_number":12,"box":{"x":926,"y":418,"width":48,"height":8}},{"id":"89c43113-dbd3-4fa0-9f10-b21ca65c93c1","block_type":"box","text":"Entertainment — 1.4%","page_number":12,"box":{"x":521,"y":433,"width":116,"height":8}},{"id":"f907f8dd-c9d3-4977-86f9-6274c09155ab","block_type":"box","text":"Discovery Global Holdings, Inc., 2026 USD Term Loan B,","page_number":12,"box":{"x":521,"y":446,"width":277,"height":9}},{"id":"e4864604-fa4b-4035-9a0d-e329cef4071a","block_type":"box","text":"(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),","page_number":12,"box":{"x":535,"y":459,"width":244,"height":9}},{"id":"c85ca8c7-bd2e-445e-a107-f7b71f185565","block_type":"box","text":"6.14%, 06/03/33","page_number":12,"box":{"x":534,"y":472,"width":80,"height":9}},{"id":"c20887ad-5fe2-4f1f-a851-f42e2dac82e5","block_type":"box","text":".....................................","page_number":12,"box":{"x":616,"y":478,"width":182,"height":1}},{"id":"fb407b29-219c-4148-8bcf-a0a724646e23","block_type":"box","text":"735 735,224","page_number":12,"box":{"x":866,"y":472,"width":108,"height":9}},{"id":"ff0b95fd-2be7-4181-8d10-86b0b97f3301","block_type":"box","text":"Kid Distro Holdings LLC","page_number":12,"box":{"x":521,"y":484,"width":116,"height":10}},{"id":"88c725de-f998-4964-b13b-7893d089700e","block_type":"box","text":"(c)","page_number":12,"box":{"x":638,"y":483,"width":9,"height":6}},{"id":"8796f389-bbfd-41d0-bf80-5f6ad0272802","block_type":"box","text":"2023 Incremental Term Loan, (3-mo. CME Term","page_number":12,"box":{"x":534,"y":497,"width":232,"height":10}},{"id":"6dc72c65-88dc-4c29-90c1-590fb23578b3","block_type":"box","text":"SOFR at 1.00% Floor + 7.00%), 7.92%, 10/01/29","page_number":12,"box":{"x":548,"y":510,"width":238,"height":10}},{"id":"44330f09-5870-4cc6-9365-67b17ef9724f","block_type":"box","text":"..","page_number":12,"box":{"x":792,"y":517,"width":6,"height":1}},{"id":"f24d65db-f1fc-4a34-b872-b462b04437bd","block_type":"box","text":"352 347,521","page_number":12,"box":{"x":866,"y":510,"width":106,"height":9}},{"id":"c5868d6f-db0f-4715-b085-6c73e338ff56","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":12,"box":{"x":534,"y":523,"width":262,"height":10}},{"id":"17c46d96-299d-4223-8676-583fd36ef203","block_type":"box","text":"5.50%), 7.92%, 10/01/29","page_number":12,"box":{"x":548,"y":536,"width":120,"height":10}},{"id":"8188d7b3-3f12-4f37-af29-8b72700a6391","block_type":"box","text":"..........................","page_number":12,"box":{"x":671,"y":542,"width":127,"height":2}},{"id":"2aa55c8e-dfd1-4164-a1a5-a9097c583a89","block_type":"box","text":"3,229 3,191,611","page_number":12,"box":{"x":856,"y":536,"width":116,"height":9}},{"id":"9af189b5-8146-4781-aba1-c8a839a4dda5","block_type":"box","text":"Streamland Media Midco LLC","page_number":12,"box":{"x":521,"y":549,"width":144,"height":8}},{"id":"d8fdee0d-eac3-4539-a978-0f2dd67be66f","block_type":"box","text":"(c)","page_number":12,"box":{"x":666,"y":548,"width":9,"height":6}},{"id":"2ee78e15-1321-42ab-a7b6-b1a3ef14b798","block_type":"box","text":"2025 2nd Amendment First Out Delayed Draw TL,","page_number":12,"box":{"x":534,"y":562,"width":243,"height":9}},{"id":"ffdc8ee3-2dfd-4de4-864e-6e3b3747dad9","block_type":"box","text":"(3-mo. CME Term SOFR at 1.00% Floor + 5.50%),","page_number":12,"box":{"x":548,"y":575,"width":244,"height":9}},{"id":"90751354-54f6-4e0e-9f82-5225209ca2a7","block_type":"box","text":"9.48%, 04/02/29","page_number":12,"box":{"x":548,"y":588,"width":79,"height":9}},{"id":"0af72753-b8d6-4dce-88ad-d67e6a5b42e7","block_type":"box","text":"..................................","page_number":12,"box":{"x":631,"y":594,"width":167,"height":1}},{"id":"bbb2b0c9-f56c-4bb7-818a-c2a2546e266e","block_type":"box","text":"5 5,313","page_number":12,"box":{"x":878,"y":588,"width":96,"height":9}},{"id":"a51935cc-84f2-4bd4-a2b8-553c88acc8ac","block_type":"box","text":"2025 2nd Amendment First Out Term Loan, (3-mo.","page_number":12,"box":{"x":534,"y":600,"width":245,"height":10}},{"id":"42f30c6f-a2ae-44a1-aeb6-3cc23d02c091","block_type":"box","text":"CME Term SOFR at 1.00% Floor + 5.50%), 9.49%,","page_number":12,"box":{"x":548,"y":613,"width":247,"height":10}},{"id":"4bbe7103-e479-4e58-a461-7e054b8762b7","block_type":"box","text":"04/02/29","page_number":12,"box":{"x":548,"y":626,"width":42,"height":8}},{"id":"ea568196-af1c-45aa-a898-274e4c3950d6","block_type":"box","text":".........................................","page_number":12,"box":{"x":596,"y":633,"width":202,"height":1}},{"id":"103f751c-2fad-481e-abf7-2dc893b3eb72","block_type":"box","text":"32 27,548","page_number":12,"box":{"x":872,"y":626,"width":102,"height":9}},{"id":"6cac7c30-7159-4c3d-b698-1515c5501a97","block_type":"box","text":"2025 2nd Amendment Last Out Term Loan,","page_number":12,"box":{"x":534,"y":639,"width":210,"height":9}},{"id":"f8633fc3-fd1c-452a-ac6f-c5ae64804879","block_type":"box","text":"04/02/29","page_number":12,"box":{"x":548,"y":652,"width":42,"height":8}},{"id":"ece961a0-0268-4cf6-a8b4-d2d1921caa32","block_type":"box","text":"(d)(j)(l)","page_number":12,"box":{"x":591,"y":651,"width":24,"height":6}},{"id":"256f80b4-6ecc-4a5d-be59-99991ec5133f","block_type":"box","text":"....................................","page_number":12,"box":{"x":621,"y":658,"width":177,"height":2}},{"id":"b3eea3dd-e98d-4cb8-a3d8-444447e8a153","block_type":"box","text":"29 7,321","page_number":12,"box":{"x":872,"y":652,"width":100,"height":9}},{"id":"e1f4d934-763b-414d-830a-42d0becb66e6","block_type":"box","text":"2025 Revolver, (3-mo. CME Term SOFR at 1.00%","page_number":12,"box":{"x":534,"y":665,"width":243,"height":10}},{"id":"98c33df4-4a7f-4ceb-a4b5-2a38495abf87","block_type":"box","text":"Floor + 5.50%), 9.49%, 04/02/29","page_number":12,"box":{"x":548,"y":678,"width":158,"height":9}},{"id":"74d226a0-9941-412a-a639-2411987f14ee","block_type":"box","text":"..................","page_number":12,"box":{"x":712,"y":684,"width":86,"height":1}},{"id":"726d2cd8-6bdd-4ba6-814d-bce7145a4084","block_type":"box","text":"5 3,888","page_number":12,"box":{"x":878,"y":678,"width":96,"height":9}},{"id":"80eb154e-281c-41e8-be14-92abca0ad0c8","block_type":"box","text":"TouchTunes Music Group LLC, 2024 Incremental Term","page_number":12,"box":{"x":521,"y":691,"width":266,"height":9}},{"id":"077ee5d2-2753-4de8-a885-56377dbfd735","block_type":"box","text":"Loan, (1-day CME Term SOFR + 4.75%), 8.48%,","page_number":12,"box":{"x":535,"y":704,"width":236,"height":9}},{"id":"db6d6673-2afa-44bf-96db-3944ea77dbee","block_type":"box","text":"04/02/29","page_number":12,"box":{"x":534,"y":716,"width":42,"height":8}},{"id":"ff281ce9-3328-482a-bab3-fd87b7ce2e48","block_type":"box","text":"............................................","page_number":12,"box":{"x":580,"y":723,"width":218,"height":1}},{"id":"5ee2021c-7626-4a04-bb12-9476e7ed2b16","block_type":"box","text":"3,536 3,181,998","page_number":12,"box":{"x":856,"y":717,"width":118,"height":8}},{"id":"f578f607-27f1-4a5a-a788-c47921dae9d9","block_type":"box","text":"7,500,424","page_number":12,"box":{"x":926,"y":733,"width":48,"height":9}},{"id":"32f88303-4513-4bac-94db-9029dbd16055","block_type":"box","text":"Financial Services — 3.8%","page_number":12,"box":{"x":521,"y":748,"width":138,"height":8}},{"id":"7214d3a3-f740-48d6-b29e-b6bcaf2b65b5","block_type":"box","text":"Aretec Group, Inc., 2025 Repriced Term Loan, (1-mo.","page_number":12,"box":{"x":521,"y":761,"width":259,"height":10}},{"id":"4cbacb3c-a686-41b5-adc4-0c1bbdd5e7b0","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 3.00%), 6.64%,","page_number":12,"box":{"x":535,"y":774,"width":246,"height":10}},{"id":"5cb51d35-0e9d-4702-8e49-fc927174cd83","block_type":"box","text":"08/09/30","page_number":12,"box":{"x":534,"y":787,"width":42,"height":7}},{"id":"b30ca6b2-cb84-4eb9-8efb-4504a331cc75","block_type":"box","text":"............................................","page_number":12,"box":{"x":580,"y":793,"width":218,"height":1}},{"id":"36dee43e-3d8a-41ef-b36c-2565c0c29488","block_type":"box","text":"2,183 2,176,581","page_number":12,"box":{"x":856,"y":787,"width":116,"height":9}},{"id":"5b8d83e1-fc15-4825-96cd-c1225e6543e2","block_type":"box","text":"Empower Payments Investor LLC","page_number":12,"box":{"x":521,"y":800,"width":163,"height":9}},{"id":"4334e558-6efb-495a-b3bc-81a1aef50760","block_type":"box","text":"(c)","page_number":12,"box":{"x":685,"y":798,"width":9,"height":6}},{"id":"7c8d75bb-7a58-4a35-8432-9be32baa9654","block_type":"box","text":"2025 3rd Amendment Delayed Draw Term Loan, (1-","page_number":12,"box":{"x":534,"y":813,"width":252,"height":9}},{"id":"faab025a-1ccd-4879-87ad-b13bf2a78fa9","block_type":"box","text":"mo. CME Term SOFR at 0.75% Floor + 4.50%),","page_number":12,"box":{"x":548,"y":825,"width":231,"height":10}},{"id":"7cc80049-2d4f-41a7-8e38-aa6154e3f3e3","block_type":"box","text":"8.14%, 03/12/31","page_number":12,"box":{"x":548,"y":838,"width":78,"height":9}},{"id":"f9227638-9c66-4efe-9972-8442014d456b","block_type":"box","text":"..................................","page_number":12,"box":{"x":631,"y":845,"width":167,"height":1}},{"id":"3930a221-12f5-4675-b717-3dbc27f223a1","block_type":"box","text":"1,480 1,459,084","page_number":12,"box":{"x":857,"y":838,"width":117,"height":9}},{"id":"e1a9cccd-184f-44ed-b7d3-02983c4ed502","block_type":"box","text":"2025 3rd Amendment Incremental Term Loan, (1-mo.","page_number":12,"box":{"x":534,"y":851,"width":258,"height":10}},{"id":"7acc9fe3-985d-4044-8431-01b787187456","block_type":"box","text":"CME Term SOFR at 0.75% Floor + 4.50%), 8.14%,","page_number":12,"box":{"x":548,"y":864,"width":247,"height":10}},{"id":"8d3506ea-a71f-4e33-89dd-a934a953bd5e","block_type":"box","text":"03/12/31","page_number":12,"box":{"x":548,"y":877,"width":40,"height":8}},{"id":"e3efed3b-ff5e-4a70-a3a6-fb41519b9cfb","block_type":"box","text":".........................................","page_number":12,"box":{"x":596,"y":883,"width":202,"height":1}},{"id":"9902334d-91b7-452e-8a27-a5425522d76f","block_type":"box","text":"4,922 4,851,394","page_number":12,"box":{"x":856,"y":877,"width":118,"height":9}},{"id":"3f9ca50d-1a5b-422f-904d-4d3a0be22560","block_type":"box","text":"Consolidated Schedule of Investments","page_number":12,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"ae50a404-a19c-49cd-b7f3-9dfc505bb726","block_type":"box","text":"(unaudited) (continued)","page_number":12,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"0e7ef1d2-0e75-42ec-a95f-72cf50a75ee6","block_type":"box","text":"June 30, 2026","page_number":12,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"dadb1ea0-bf63-410a-b10c-1734d65507d3","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":12,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"8053372d-05fc-4d8a-ac43-575f2e5e5442","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":12,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"c6e0108d-a759-4a26-a1af-bcff6b42c2f9","block_type":"box","text":"12","page_number":12,"box":{"x":31,"y":965,"width":13,"height":9}},{"id":"15488546-7674-4a43-9082-9abebdcf70ef","block_type":"box","text":"2026","page_number":12,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"6ed6ad0f-f42c-4a75-9363-5174b8540491","block_type":"box","text":"B","page_number":12,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"9a316635-618a-4193-b31d-802dffc0762f","block_type":"box","text":"LACK","page_number":12,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"14533d2d-81ce-4925-97fe-251faae2d265","block_type":"box","text":"R","page_number":12,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"d84551ad-03f9-4b3e-8122-1f85d4b547c1","block_type":"box","text":"OCK","page_number":12,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"192cd4be-0376-4e86-b1ea-df3bf4ccb72b","block_type":"box","text":"S","page_number":12,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"39c06241-0bdc-421b-b262-f98b8a595fe4","block_type":"box","text":"EMI","page_number":12,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"b303f169-c448-4314-a518-85657da1152b","block_type":"box","text":"-A","page_number":12,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"cc54b218-d6c1-4a2c-bf58-dcde731bb96d","block_type":"box","text":"NNUAL","page_number":12,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"0ff0b330-77ec-4b70-af76-19f4213d13bc","block_type":"box","text":"NM0826U-5876566-12/56 R EPORT TO S HARE","page_number":12,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"51be993e-4b6d-4943-ac43-bdf247de94e0","block_type":"box","text":"NM\r\nR","page_number":12,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"f6f7d21c-e27d-46ec-bfb0-c1d4d430909a","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":12,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"dd6df74c-68e6-47ea-85fd-379f68500614","block_type":"box","text":"66\r\nS","page_number":12,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"4f2031ae-5287-4a73-a973-3a2176b38b0c","block_type":"box","text":"-12/56 \r\nHAREHOLDERS","page_number":12,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"e238c86e-dbe4-49db-acf0-6387ad4c6850","block_type":"box","text":"Security","page_number":13,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"90e83695-7831-4f56-8df4-bde1608cd8e5","block_type":"box","text":"Par","page_number":13,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"eb90fb3f-fd4a-4135-8330-2e839ae9c614","block_type":"box","text":"(000) Value","page_number":13,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"3cdd621a-0733-4c83-a4c6-2ed3db3b5786","block_type":"box","text":"Financial Services (continued)","page_number":13,"box":{"x":31,"y":119,"width":158,"height":10}},{"id":"8eaf779c-a34c-4239-bc31-ae3cc81f23e0","block_type":"box","text":"Nxgen Buyer, Inc.","page_number":13,"box":{"x":31,"y":132,"width":85,"height":10}},{"id":"5804826f-e475-4aa6-9e86-9274c170003f","block_type":"box","text":"(c)","page_number":13,"box":{"x":117,"y":130,"width":9,"height":7}},{"id":"f1dfdf19-3e05-4789-a6b7-0b9cafbb1c52","block_type":"box","text":"2024 11th Amendment Incremental Term Loan, (1-mo.","page_number":13,"box":{"x":43,"y":145,"width":263,"height":9}},{"id":"540f002a-07c2-481a-b82e-1fc624bac086","block_type":"box","text":"CME Term SOFR at 1.00% Floor + 4.75%), 8.39%,","page_number":13,"box":{"x":57,"y":158,"width":247,"height":9}},{"id":"f4a16a02-3888-4491-876c-1f7bdf2fb9d4","block_type":"box","text":"11/01/27","page_number":13,"box":{"x":58,"y":171,"width":40,"height":7}},{"id":"ec2ed59c-2891-47ba-bd51-6ef085c0259f","block_type":"box","text":".........................................","page_number":13,"box":{"x":105,"y":177,"width":202,"height":1}},{"id":"4a51f675-5279-4134-9d50-f80d26a20c78","block_type":"box","text":"USD 3,777 $ 3,743,188","page_number":13,"box":{"x":320,"y":170,"width":163,"height":10}},{"id":"af72e44b-dab2-43e3-825c-010053c34733","block_type":"box","text":"2024 11th Amendment Revolver, (Prime + 3.75%),","page_number":13,"box":{"x":43,"y":183,"width":244,"height":10}},{"id":"7db5a0ad-fd63-40ea-bd6b-c5939b8db71b","block_type":"box","text":"10.50%, 11/01/27","page_number":13,"box":{"x":58,"y":196,"width":84,"height":9}},{"id":"c3c20822-a75c-4ebb-a266-3a0e765d7a70","block_type":"box","text":".................................","page_number":13,"box":{"x":145,"y":203,"width":162,"height":1}},{"id":"29247736-ad2c-40b9-816d-6e5ded459b3d","block_type":"box","text":"52 51,679","page_number":13,"box":{"x":381,"y":196,"width":102,"height":9}},{"id":"b0d41fd8-e664-4fe5-bea6-0e4e8e8dc3af","block_type":"box","text":"2025 12th Amendment Incremental Term Loan, (1-mo.","page_number":13,"box":{"x":43,"y":209,"width":264,"height":10}},{"id":"6568faa7-04bc-43fb-a0bb-7890ecec84ff","block_type":"box","text":"CME Term SOFR at 1.00% Floor + 4.75%), 8.39%,","page_number":13,"box":{"x":57,"y":222,"width":247,"height":10}},{"id":"b5df3a47-0ad2-4ea0-ae27-0d47ecca287f","block_type":"box","text":"11/01/27","page_number":13,"box":{"x":58,"y":235,"width":40,"height":8}},{"id":"612e38ad-39e5-411d-a11a-929ab617da91","block_type":"box","text":".........................................","page_number":13,"box":{"x":105,"y":241,"width":202,"height":2}},{"id":"efb086a8-486c-43fa-b7ea-cc3dd2af651c","block_type":"box","text":"272 269,438","page_number":13,"box":{"x":375,"y":235,"width":108,"height":9}},{"id":"e787aae2-402a-44c6-84d2-f97c94b08b43","block_type":"box","text":"Oak Funding LLC, Term Loan, (3-mo. CME Term SOFR","page_number":13,"box":{"x":30,"y":248,"width":271,"height":10}},{"id":"7d88507d-6be1-4238-9528-dfba7ba3b326","block_type":"box","text":"at 0.50% Floor + 4.50%), 8.16%, 12/02/32","page_number":13,"box":{"x":44,"y":261,"width":204,"height":9}},{"id":"564148a7-35bf-4764-9b92-9d628f31bca4","block_type":"box","text":"(c)","page_number":13,"box":{"x":249,"y":259,"width":9,"height":6}},{"id":"00c0833d-c33f-4bb9-a519-f9438e8d6db8","block_type":"box","text":"..........","page_number":13,"box":{"x":261,"y":267,"width":47,"height":1}},{"id":"c782b586-585c-4620-b569-b288eef5c26a","block_type":"box","text":"6,070 5,973,011","page_number":13,"box":{"x":365,"y":261,"width":116,"height":9}},{"id":"bb970c7a-530b-48dd-91c8-7d8a84e6f5d8","block_type":"box","text":"Osaic Holdings, Inc., 2026 Term Loan B, (3-mo. CME","page_number":13,"box":{"x":30,"y":274,"width":259,"height":9}},{"id":"d66ea7d9-087f-4f2c-9fb9-cfe38b29ff37","block_type":"box","text":"Term SOFR at 0.00% Floor + 2.50%), 6.23%,","page_number":13,"box":{"x":43,"y":287,"width":220,"height":9}},{"id":"6d45d158-dc2e-451b-9fe5-5eba204089ec","block_type":"box","text":"07/30/32","page_number":13,"box":{"x":44,"y":299,"width":41,"height":8}},{"id":"f9526516-6d56-42f4-b63c-3327426bc6f1","block_type":"box","text":"............................................","page_number":13,"box":{"x":90,"y":306,"width":217,"height":1}},{"id":"ec5f3482-7a9a-41fc-a677-7cdf37cfcd19","block_type":"box","text":"1,370 1,350,324","page_number":13,"box":{"x":366,"y":300,"width":117,"height":8}},{"id":"fe9bc314-acde-47dd-a4f6-6ef7db28ad3e","block_type":"box","text":"19,874,699","page_number":13,"box":{"x":429,"y":316,"width":54,"height":9}},{"id":"1fe6cd02-ad8b-404a-b786-e452e52d3e79","block_type":"box","text":"Food Products — 0.2%","page_number":13,"box":{"x":31,"y":331,"width":118,"height":8}},{"id":"c84db023-6c8b-4950-9059-a93cba19b938","block_type":"box","text":"JP Intermediate B LLC","page_number":13,"box":{"x":30,"y":344,"width":110,"height":8}},{"id":"09ea1256-c2e9-4f30-bea5-df3cf3ea6a11","block_type":"box","text":"(c)","page_number":13,"box":{"x":141,"y":343,"width":9,"height":6}},{"id":"543a792f-aea6-4a87-a247-68d82a975d7b","block_type":"box","text":"2025 Takeback Term Loan A, 03/31/31","page_number":13,"box":{"x":43,"y":357,"width":186,"height":9}},{"id":"8c8e6d55-5362-42b3-a4a9-ad2731ae7b98","block_type":"box","text":"(d)(j)(l)","page_number":13,"box":{"x":231,"y":355,"width":24,"height":6}},{"id":"c74a4f46-8121-48e6-b39c-4e2aadbc4103","block_type":"box","text":"..........","page_number":13,"box":{"x":261,"y":363,"width":47,"height":1}},{"id":"015c1e86-652f-4beb-ae8a-3d62784b1a00","block_type":"box","text":"578 305,146","page_number":13,"box":{"x":375,"y":357,"width":108,"height":9}},{"id":"0aeb5230-e853-455b-86d3-18d6a1b52e20","block_type":"box","text":"2025 Term Loan (2030), (3-mo. CME Term SOFR at","page_number":13,"box":{"x":43,"y":370,"width":253,"height":9}},{"id":"1ac6d03e-8e3b-491e-a42d-d4764f0ce014","block_type":"box","text":"1.00% Floor + 7.00%), 10.73%, 09/30/30","page_number":13,"box":{"x":58,"y":383,"width":197,"height":9}},{"id":"eb6f3e2e-865a-4a58-9d99-176c3c396088","block_type":"box","text":"..........","page_number":13,"box":{"x":261,"y":389,"width":47,"height":1}},{"id":"0b780d65-7c33-4aaf-9a66-338c8e75ae01","block_type":"box","text":"160 158,703","page_number":13,"box":{"x":375,"y":383,"width":108,"height":9}},{"id":"a7e15cd1-2342-4c31-b113-be64e7cc3653","block_type":"box","text":"PFI Lower Midco LLC, Term Loan B, (1-mo. CME Term","page_number":13,"box":{"x":31,"y":395,"width":265,"height":10}},{"id":"53b1709d-e98c-4d38-bc70-3e9d40d4f1bf","block_type":"box","text":"SOFR at 0.00% Floor + 4.00%), 7.64%, 12/01/32","page_number":13,"box":{"x":44,"y":408,"width":238,"height":10}},{"id":"0e332f5e-1301-4ef8-b8b2-495a620f52e2","block_type":"box","text":".....","page_number":13,"box":{"x":286,"y":415,"width":22,"height":1}},{"id":"78b2cff1-655e-48d7-8e03-41803e2756b8","block_type":"box","text":"682 685,494","page_number":13,"box":{"x":375,"y":408,"width":108,"height":9}},{"id":"77c5a9b5-e67f-43a0-b95f-68239d606c8d","block_type":"box","text":"1,149,343","page_number":13,"box":{"x":435,"y":425,"width":48,"height":8}},{"id":"0a1659d8-a7d8-408a-b217-9f1af888c877","block_type":"box","text":"Health Care Equipment & Supplies — 2.3%","page_number":13,"box":{"x":31,"y":440,"width":221,"height":9}},{"id":"2081efcc-3533-4a56-82e4-85822ed15574","block_type":"box","text":"Agiliti Health, Inc., 2023 Term Loan, (3-mo. CME Term","page_number":13,"box":{"x":30,"y":453,"width":263,"height":10}},{"id":"0899ccb2-29eb-4513-84e8-037f52508592","block_type":"box","text":"SOFR + 3.00%), 6.58%, 05/01/30","page_number":13,"box":{"x":44,"y":466,"width":163,"height":9}},{"id":"fa9dd3b1-5266-4faf-9d80-b1ea185346ab","block_type":"box","text":"....................","page_number":13,"box":{"x":211,"y":472,"width":97,"height":1}},{"id":"da5870c5-3647-42ce-9752-59ac76e5ca25","block_type":"box","text":"1,381 1,329,979","page_number":13,"box":{"x":366,"y":466,"width":117,"height":9}},{"id":"a116782b-39ba-48d0-8ae9-a593a4a62199","block_type":"box","text":"Bausch & Lomb Corp., 2025 Repriced Term Loan, (1-mo.","page_number":13,"box":{"x":31,"y":479,"width":276,"height":9}},{"id":"ecbd4a54-e76f-43b4-a04d-58bbe59f9e89","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 3.75%), 7.39%,","page_number":13,"box":{"x":44,"y":492,"width":246,"height":9}},{"id":"78d352b1-b3ae-4ac7-90df-3aa6d729fcfe","block_type":"box","text":"01/15/31","page_number":13,"box":{"x":44,"y":504,"width":40,"height":8}},{"id":"462b49bc-7363-4d55-a942-e1a9fc2b1fac","block_type":"box","text":"............................................","page_number":13,"box":{"x":90,"y":511,"width":217,"height":1}},{"id":"11d6b1cd-03fb-4338-bf9c-e646dc6c41e2","block_type":"box","text":"8,239 8,249,422","page_number":13,"box":{"x":366,"y":505,"width":117,"height":8}},{"id":"67485b22-5f4e-4ea3-80eb-25d4719ed0c9","block_type":"box","text":"Ensemble RCM LLC, 2026 Term Loan B, (3-mo. CME","page_number":13,"box":{"x":31,"y":517,"width":260,"height":10}},{"id":"12571c4d-ef60-4665-a757-439683047cd1","block_type":"box","text":"Term SOFR at 0.00% Floor + 3.00%), 6.66%,","page_number":13,"box":{"x":43,"y":530,"width":220,"height":10}},{"id":"bdc868a0-3f4e-4078-b411-4e30b97597cf","block_type":"box","text":"02/09/33","page_number":13,"box":{"x":44,"y":543,"width":42,"height":8}},{"id":"768a624c-3587-4e3a-b769-8aa200c715a5","block_type":"box","text":"............................................","page_number":13,"box":{"x":90,"y":549,"width":217,"height":2}},{"id":"0a03861c-9602-42e0-8369-42ac3bf08976","block_type":"box","text":"2,129 2,120,446","page_number":13,"box":{"x":365,"y":543,"width":118,"height":9}},{"id":"eb8f58dc-7e96-401d-bc0c-8313b44aa3c9","block_type":"box","text":"11,699,847","page_number":13,"box":{"x":430,"y":559,"width":53,"height":9}},{"id":"ff0200d8-2d55-4cb7-a40e-f990a1a9b95d","block_type":"box","text":"Health Care Providers & Services — 10.7%","page_number":13,"box":{"x":31,"y":575,"width":220,"height":7}},{"id":"815aaba5-8cdf-427e-a3e0-3493bc790a7c","block_type":"box","text":"AB Centers Acquisition Corp., 2025 3rd Amendment","page_number":13,"box":{"x":30,"y":588,"width":253,"height":9}},{"id":"92941fba-c141-4865-983c-3520110aad16","block_type":"box","text":"Term Loan, (1-mo. CME Term SOFR at 0.75% Floor +","page_number":13,"box":{"x":43,"y":600,"width":262,"height":10}},{"id":"e6c882b5-703f-49d5-a338-d77b3d8cc0d2","block_type":"box","text":"5.25%), 8.89%, 07/02/31","page_number":13,"box":{"x":44,"y":613,"width":118,"height":10}},{"id":"e9d714e8-6c3a-4a74-aeb6-f1a550c42a77","block_type":"box","text":"(c)","page_number":13,"box":{"x":165,"y":612,"width":9,"height":6}},{"id":"3f463c86-a5ba-48ab-8898-9ec91a1e6eb7","block_type":"box","text":"...........................","page_number":13,"box":{"x":175,"y":620,"width":133,"height":1}},{"id":"3391a96e-5391-4085-8a14-124778c1ef6b","block_type":"box","text":"6,135 6,103,230","page_number":13,"box":{"x":365,"y":613,"width":118,"height":9}},{"id":"ba738173-7798-463c-8f34-9ad52c9e260a","block_type":"box","text":"ADMI Corp.","page_number":13,"box":{"x":30,"y":626,"width":56,"height":10}},{"id":"6d39a0af-b727-477a-ba68-dbb9b619a71c","block_type":"box","text":"2021 Incremental Term Loan B3, (1-mo. CME Term","page_number":13,"box":{"x":43,"y":639,"width":249,"height":10}},{"id":"c70bcf55-0430-4586-888a-04c311e853fa","block_type":"box","text":"SOFR at 0.50% Floor + 3.75%), 7.51%, 12/23/27","page_number":13,"box":{"x":57,"y":652,"width":238,"height":10}},{"id":"d8900276-6ffa-4879-b705-0584129462d4","block_type":"box","text":"..","page_number":13,"box":{"x":301,"y":658,"width":7,"height":2}},{"id":"506d2e2f-806f-4099-bf21-631074deaf7f","block_type":"box","text":"1,466 1,307,382","page_number":13,"box":{"x":366,"y":652,"width":117,"height":9}},{"id":"654bc501-971b-4227-b58e-1702cba1ea05","block_type":"box","text":"2023 Term Loan B5, (1-mo. CME Term SOFR +","page_number":13,"box":{"x":43,"y":665,"width":232,"height":10}},{"id":"564bb33d-6354-47f6-8875-ed3a525143e7","block_type":"box","text":"5.75%), 9.39%, 12/23/27","page_number":13,"box":{"x":57,"y":678,"width":120,"height":9}},{"id":"a8fd3277-2fda-4e5e-8fad-3e81bee15bcd","block_type":"box","text":"..........................","page_number":13,"box":{"x":180,"y":684,"width":127,"height":1}},{"id":"5855a242-391a-411d-911c-27ef150b1155","block_type":"box","text":"2,374 2,223,416","page_number":13,"box":{"x":365,"y":678,"width":118,"height":9}},{"id":"deb88e2d-7a69-457a-8a26-5769f82550f8","block_type":"box","text":"BW NHHC Holdco, Inc.","page_number":13,"box":{"x":31,"y":691,"width":112,"height":9}},{"id":"8e11eeeb-da9a-4ab5-9e51-8ddd8019995e","block_type":"box","text":"2022 1st Lien Second Out Term Loan, 01/15/27","page_number":13,"box":{"x":43,"y":704,"width":231,"height":9}},{"id":"fb3cac95-48f8-459a-98c8-04e7f6d527ef","block_type":"box","text":"(l)","page_number":13,"box":{"x":275,"y":702,"width":6,"height":6}},{"id":"a13b1486-4cf7-4328-a779-6ba1bf3ba2d1","block_type":"box","text":".....","page_number":13,"box":{"x":286,"y":710,"width":22,"height":1}},{"id":"17bd4651-46b0-4612-a833-ffd6a0a71952","block_type":"box","text":"4,492 4,503,189","page_number":13,"box":{"x":365,"y":704,"width":118,"height":9}},{"id":"1e2891e4-70cd-477b-9949-12202db0449c","block_type":"box","text":"2022 2nd Lien Third Out Term Loan, (3-mo. CME","page_number":13,"box":{"x":43,"y":716,"width":239,"height":10}},{"id":"1e126256-6c1d-442c-9466-62782c81fe95","block_type":"box","text":"Term SOFR + 9.00%), 12.84%, 11/15/26","page_number":13,"box":{"x":57,"y":729,"width":196,"height":10}},{"id":"55883eeb-a97a-41cb-84b8-e902f1a03dd8","block_type":"box","text":"(c)","page_number":13,"box":{"x":254,"y":728,"width":9,"height":6}},{"id":"516d332a-0465-42c1-93d8-87992664f1f6","block_type":"box","text":".........","page_number":13,"box":{"x":266,"y":736,"width":42,"height":1}},{"id":"1a2ae801-7335-49e0-9c10-af7c7965ed31","block_type":"box","text":"2,266 333,080","page_number":13,"box":{"x":365,"y":729,"width":118,"height":9}},{"id":"374907a3-4f6a-448e-8ab3-b184676fea20","block_type":"box","text":"CareRing Health LLC, Delayed Draw Term Loan, (3-mo.","page_number":13,"box":{"x":30,"y":742,"width":272,"height":10}},{"id":"045b2c5b-8f1e-44cf-89fa-501f7f444daf","block_type":"box","text":"CME Term SOFR at 0.75% Floor + 6.00%), 9.67%,","page_number":13,"box":{"x":44,"y":755,"width":246,"height":10}},{"id":"f06b1eb5-ef0b-455a-955e-321335e16ce3","block_type":"box","text":"05/04/28","page_number":13,"box":{"x":44,"y":768,"width":42,"height":8}},{"id":"375fca05-d9cd-4002-bc00-721c07c5bb66","block_type":"box","text":"(c)","page_number":13,"box":{"x":87,"y":767,"width":8,"height":6}},{"id":"2e2eab74-edff-4f00-876a-29a24ca4cb9c","block_type":"box","text":"..........................................","page_number":13,"box":{"x":100,"y":774,"width":207,"height":2}},{"id":"81a6b2ec-117d-41c2-ba2d-12aaec3d8b54","block_type":"box","text":"662 651,655","page_number":13,"box":{"x":375,"y":768,"width":108,"height":9}},{"id":"51f89a4c-8693-45ba-bc69-94b51f3b8f8d","block_type":"box","text":"CBI-Gator Acquisition LLC","page_number":13,"box":{"x":30,"y":781,"width":128,"height":9}},{"id":"ec6bd7c2-b3bb-400e-a651-697ecdf9452e","block_type":"box","text":"(c)","page_number":13,"box":{"x":159,"y":780,"width":9,"height":6}},{"id":"f8a4f397-3a98-42d1-ada8-fb25e3b80767","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":13,"box":{"x":44,"y":794,"width":252,"height":10}},{"id":"cbc56df7-847f-449b-b757-78d10b2341ff","block_type":"box","text":"6.50%), 10.32%, 10/25/27","page_number":13,"box":{"x":57,"y":807,"width":127,"height":9}},{"id":"e4078ace-317d-4680-af80-be28e73955ba","block_type":"box","text":".........................","page_number":13,"box":{"x":185,"y":813,"width":122,"height":1}},{"id":"76ffcfb5-2666-4d09-86bd-19ae3d3efffb","block_type":"box","text":"236 227,589","page_number":13,"box":{"x":375,"y":807,"width":108,"height":9}},{"id":"1c52b6cc-a4f7-4fd6-bf36-de260a46a890","block_type":"box","text":"Term Loan, (6-mo. CME Term SOFR at 1.00% Floor +","page_number":13,"box":{"x":43,"y":820,"width":262,"height":9}},{"id":"74839a2b-4675-4ced-9e36-76397badd02d","block_type":"box","text":"5.75% and 0.75% PIK), 10.32%, 10/25/27","page_number":13,"box":{"x":57,"y":833,"width":203,"height":9}},{"id":"a25ac497-ff4a-42a8-b656-c9d2ccb39581","block_type":"box","text":"(g)","page_number":13,"box":{"x":261,"y":831,"width":9,"height":6}},{"id":"f1eecbe0-78b0-4e16-a9d7-063c6efe8184","block_type":"box","text":".......","page_number":13,"box":{"x":276,"y":839,"width":32,"height":1}},{"id":"32f7b7b7-9ce9-47d9-ae21-c462e9c7ed90","block_type":"box","text":"2,808 2,709,390","page_number":13,"box":{"x":365,"y":833,"width":118,"height":8}},{"id":"0875414a-0698-4951-ab02-03995743ac1f","block_type":"box","text":"Charlotte Buyer, Inc., 2026 Term Loan B, (1-mo. CME","page_number":13,"box":{"x":30,"y":845,"width":261,"height":10}},{"id":"fc9b9b47-1631-4024-b0dc-c183af33b929","block_type":"box","text":"Term SOFR at 0.50% Floor + 4.50%), 8.14%,","page_number":13,"box":{"x":43,"y":858,"width":220,"height":10}},{"id":"b952784e-5998-46d6-af2d-0547a3c069d8","block_type":"box","text":"06/30/31","page_number":13,"box":{"x":44,"y":871,"width":40,"height":8}},{"id":"4ac9f111-549c-4a60-b760-4ad18aecfff5","block_type":"box","text":"............................................","page_number":13,"box":{"x":90,"y":878,"width":217,"height":1}},{"id":"392018b3-5eea-4c6b-80c5-b734c3405e77","block_type":"box","text":"1,011 1,008,703","page_number":13,"box":{"x":367,"y":871,"width":116,"height":9}},{"id":"93fa78eb-d193-4eeb-9835-fc9e32197228","block_type":"box","text":"Security","page_number":13,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"d5bf695b-3ce8-4942-9bef-725c5381bd34","block_type":"box","text":"Par","page_number":13,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"7e15319d-ae9e-4f74-881f-5c0afe5915b0","block_type":"box","text":"(000) Value","page_number":13,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"fad94d0d-b3ee-4690-94ec-f2c5fcdeb341","block_type":"box","text":"Health Care Providers & Services (continued)","page_number":13,"box":{"x":521,"y":119,"width":236,"height":10}},{"id":"0aec745e-c815-4ba1-ba75-5635b8368201","block_type":"box","text":"Compsych Investments Corp., 2024 Term Loan, (1-day","page_number":13,"box":{"x":521,"y":132,"width":267,"height":10}},{"id":"70df8514-f146-4da5-9502-92b1982a1c2a","block_type":"box","text":"CME Term SOFR at 0.75% Floor + 4.75%), 8.41%,","page_number":13,"box":{"x":535,"y":145,"width":246,"height":9}},{"id":"273188b5-af67-4e7a-ba92-36ca8b8bc30d","block_type":"box","text":"07/22/31","page_number":13,"box":{"x":534,"y":158,"width":41,"height":7}},{"id":"548707c9-72fd-4ef0-b0ed-c584a73df02a","block_type":"box","text":"(c)","page_number":13,"box":{"x":577,"y":156,"width":9,"height":6}},{"id":"21001943-449f-452b-8a48-8effb1c94e44","block_type":"box","text":"..........................................","page_number":13,"box":{"x":591,"y":164,"width":207,"height":1}},{"id":"088966b5-bac3-4193-97fc-c931236dab34","block_type":"box","text":"USD 3,267 $ 3,266,651","page_number":13,"box":{"x":810,"y":157,"width":162,"height":10}},{"id":"2960ae8c-5ba2-4d51-a2b3-ec39addf5529","block_type":"box","text":"EyeCare Partners LLC, 2024 Third Out Term Loan C,","page_number":13,"box":{"x":521,"y":171,"width":258,"height":9}},{"id":"0d6d464e-420c-441b-b3fe-a9dcde394dd7","block_type":"box","text":"11/30/28","page_number":13,"box":{"x":535,"y":183,"width":41,"height":8}},{"id":"5d253a8f-85a7-4a5c-8cda-0fa5a26ea668","block_type":"box","text":"(d)(j)(l)","page_number":13,"box":{"x":577,"y":182,"width":23,"height":6}},{"id":"c08b549b-e2c8-473d-a32a-bae4cac46f93","block_type":"box","text":".......................................","page_number":13,"box":{"x":606,"y":190,"width":192,"height":1}},{"id":"cc6a8d00-bf28-4b4c-86a7-7265d79040c7","block_type":"box","text":"7 1,165","page_number":13,"box":{"x":878,"y":184,"width":96,"height":8}},{"id":"0895ad33-20cf-48d0-8f9e-19c52e18b646","block_type":"box","text":"Ivyrehab Intermediate II LLC, 2024 2nd Amendment","page_number":13,"box":{"x":522,"y":196,"width":252,"height":10}},{"id":"de5d1537-9dad-4f27-9b31-3127d5b49ce2","block_type":"box","text":"Tranche A Delayed Draw Term Loan, (3-mo. CME","page_number":13,"box":{"x":534,"y":209,"width":241,"height":10}},{"id":"c3232a76-82d8-42bb-bbb2-281954d9f9bb","block_type":"box","text":"Term SOFR at 0.75% Floor + 5.25%), 9.01%,","page_number":13,"box":{"x":534,"y":222,"width":220,"height":10}},{"id":"e1356a5f-27ee-4b98-a7a5-9d445df15a39","block_type":"box","text":"04/23/29","page_number":13,"box":{"x":534,"y":235,"width":42,"height":8}},{"id":"8920653a-2ed6-45ce-8576-122063a1e75c","block_type":"box","text":"(c)","page_number":13,"box":{"x":577,"y":234,"width":9,"height":6}},{"id":"0a9515c2-617e-4611-842e-1566b538db0e","block_type":"box","text":"..........................................","page_number":13,"box":{"x":591,"y":241,"width":207,"height":2}},{"id":"87011cc4-295c-4b6a-b5c8-a909d5aff2e3","block_type":"box","text":"99 98,698","page_number":13,"box":{"x":872,"y":235,"width":102,"height":9}},{"id":"0ccd9fac-13f6-4e67-bece-9eae22017c7a","block_type":"box","text":"IvyRehab Intermediate II LLC, 2025 Incremental Delayed","page_number":13,"box":{"x":522,"y":248,"width":276,"height":10}},{"id":"6b570899-6f87-4629-8a38-249f31e7f1e6","block_type":"box","text":"Draw Term Loan, (3-mo. CME Term SOFR at 0.75%","page_number":13,"box":{"x":535,"y":261,"width":252,"height":9}},{"id":"4c9c019d-6bf9-4021-8e86-cc88a0d68956","block_type":"box","text":"Floor + 5.00%), 8.78%, 04/23/29","page_number":13,"box":{"x":535,"y":274,"width":158,"height":9}},{"id":"ebc66a80-432c-4edd-9b04-e0821a9ffa9c","block_type":"box","text":"(c)","page_number":13,"box":{"x":694,"y":272,"width":8,"height":6}},{"id":"39d9170e-3ea4-417f-8227-297d2fc8fe95","block_type":"box","text":"...................","page_number":13,"box":{"x":707,"y":280,"width":91,"height":1}},{"id":"5e5891d6-3447-4e3a-9d7e-fe8d735caa2d","block_type":"box","text":"2,822 2,807,366","page_number":13,"box":{"x":856,"y":274,"width":118,"height":9}},{"id":"80d4f537-6442-4f4f-96c7-c9c956045733","block_type":"box","text":"Lumexa Imaging, Inc., Term Loan B, (3-mo. CME Term","page_number":13,"box":{"x":521,"y":287,"width":266,"height":9}},{"id":"f9fd06d4-0105-4677-90d0-d5662676b952","block_type":"box","text":"SOFR at 0.00% Floor + 3.00%), 6.73%, 12/17/32","page_number":13,"box":{"x":535,"y":299,"width":238,"height":10}},{"id":"66f03f0f-1c79-45de-ba08-01a5fe121a44","block_type":"box","text":".....","page_number":13,"box":{"x":777,"y":306,"width":21,"height":1}},{"id":"f13d8cb9-f8a9-4695-8804-6349e180bbf5","block_type":"box","text":"1,661 1,662,499","page_number":13,"box":{"x":857,"y":300,"width":117,"height":8}},{"id":"019d6ed7-bea7-4ed4-806c-315aea34ad22","block_type":"box","text":"NP Kaba Mergersub, Inc., Term Loan, (3-mo. CME Term","page_number":13,"box":{"x":521,"y":312,"width":273,"height":10}},{"id":"9ee4272b-6314-4a42-828c-a88fd38ccf0e","block_type":"box","text":"SOFR at 0.50% Floor + 4.50%), 8.23%, 01/31/33","page_number":13,"box":{"x":535,"y":325,"width":238,"height":10}},{"id":"96881329-947b-416d-ae64-38df24443d6f","block_type":"box","text":"(c)","page_number":13,"box":{"x":774,"y":324,"width":8,"height":6}},{"id":"a1d7b9ff-a6c9-4994-bb7f-5ded3a668a87","block_type":"box","text":"...","page_number":13,"box":{"x":787,"y":332,"width":11,"height":1}},{"id":"14804852-f132-49c0-8b90-69faa004c3e4","block_type":"box","text":"4,465 4,380,781","page_number":13,"box":{"x":856,"y":325,"width":116,"height":9}},{"id":"b35c0c1b-64f4-4039-9fcb-60a685267c8e","block_type":"box","text":"Onex TSG Intermediate Corp., 2026 Term Loan B, (3-","page_number":13,"box":{"x":521,"y":338,"width":261,"height":10}},{"id":"8646161d-20bc-4254-8508-d583e22f4077","block_type":"box","text":"mo. CME Term SOFR at 0.00% Floor + 3.25%),","page_number":13,"box":{"x":535,"y":351,"width":230,"height":10}},{"id":"0ae43b3b-860c-4b9c-b4d1-505a728be2de","block_type":"box","text":"6.98%, 08/06/32","page_number":13,"box":{"x":534,"y":364,"width":80,"height":9}},{"id":"65a1e0c0-97fc-450b-814d-fc74ca6bf929","block_type":"box","text":".....................................","page_number":13,"box":{"x":616,"y":370,"width":182,"height":1}},{"id":"39898820-b54c-438c-b8b0-8823de82d282","block_type":"box","text":"857 861,206","page_number":13,"box":{"x":866,"y":364,"width":108,"height":9}},{"id":"6fb49d60-d3f2-44ab-b6c5-a5a8a86ba5b8","block_type":"box","text":"Parexel International Corp., 2025 Repriced Term Loan B,","page_number":13,"box":{"x":521,"y":377,"width":276,"height":9}},{"id":"fc4bf98f-3306-43a6-a915-c4a6b29ebe2e","block_type":"box","text":"(1-mo. CME Term SOFR at 0.50% Floor + 2.50%),","page_number":13,"box":{"x":535,"y":390,"width":244,"height":9}},{"id":"963d6801-b58e-444b-b916-0e00e8f8da9a","block_type":"box","text":"6.14%, 12/12/31","page_number":13,"box":{"x":534,"y":403,"width":78,"height":9}},{"id":"17bbc072-597a-4232-9140-e90be6c7f42b","block_type":"box","text":".....................................","page_number":13,"box":{"x":616,"y":409,"width":182,"height":1}},{"id":"46cc4dc8-2138-497e-b5b2-bb07f6431fd0","block_type":"box","text":"2,981 2,980,509","page_number":13,"box":{"x":856,"y":403,"width":118,"height":9}},{"id":"ab81e939-28c1-4933-8fcb-7b5202f6a1cd","block_type":"box","text":"Pathway Vet Alliance LLC, 2025 Tranche A Term Loan A,","page_number":13,"box":{"x":521,"y":415,"width":275,"height":10}},{"id":"68ed7a8b-14d3-426e-a283-e0949f4945d7","block_type":"box","text":"(3-mo. CME Term SOFR at 1.00% Floor + 5.00%),","page_number":13,"box":{"x":535,"y":428,"width":244,"height":10}},{"id":"bb3a6b6e-0bde-40af-a193-fa3cff1d6412","block_type":"box","text":"8.66%, 06/30/28","page_number":13,"box":{"x":534,"y":441,"width":80,"height":9}},{"id":"fa235d2b-bceb-40d3-bca7-f22f7922aa72","block_type":"box","text":".....................................","page_number":13,"box":{"x":616,"y":448,"width":182,"height":1}},{"id":"205352d5-ebc9-411b-a142-03b07547668d","block_type":"box","text":"5,609 5,609,401","page_number":13,"box":{"x":856,"y":441,"width":116,"height":9}},{"id":"893533a6-180d-4223-9152-c2c150f22ed8","block_type":"box","text":"Patriot Home Care, Term Loan, (3-mo. CME Term SOFR","page_number":13,"box":{"x":521,"y":454,"width":275,"height":10}},{"id":"7701e828-c27f-45fc-9cb9-2588e494a2e0","block_type":"box","text":"at 0.75% Floor + 6.00%), 9.67%, 05/05/28","page_number":13,"box":{"x":534,"y":467,"width":205,"height":10}},{"id":"b676dfc3-7977-4307-bcf8-093261d4aa58","block_type":"box","text":"(c)","page_number":13,"box":{"x":740,"y":466,"width":9,"height":6}},{"id":"8f44ec68-753e-4b11-8f0c-6cc3dfa6336c","block_type":"box","text":"..........","page_number":13,"box":{"x":752,"y":473,"width":46,"height":2}},{"id":"9b10cc9a-c848-415d-bc04-e2b47f915861","block_type":"box","text":"2,853 2,808,648","page_number":13,"box":{"x":856,"y":467,"width":118,"height":9}},{"id":"3cab4353-551b-449e-845e-cb3ff9eb6833","block_type":"box","text":"Precision Medicine Group LLC, 2025 Term Loan B, (3-","page_number":13,"box":{"x":521,"y":480,"width":264,"height":10}},{"id":"9d757010-d978-4b03-b15f-fd5563ee6084","block_type":"box","text":"mo. CME Term SOFR at 0.00% Floor + 3.50%),","page_number":13,"box":{"x":535,"y":493,"width":230,"height":9}},{"id":"8cb8e23a-cd37-4cdf-8031-3b813336e6af","block_type":"box","text":"7.16%, 08/20/32","page_number":13,"box":{"x":535,"y":506,"width":79,"height":9}},{"id":"9a12dff5-48e4-41a8-8463-2e2d07a6e0bd","block_type":"box","text":".....................................","page_number":13,"box":{"x":616,"y":512,"width":182,"height":1}},{"id":"11cd0cbd-75cc-45d9-bfc4-442f5ccb0061","block_type":"box","text":"1,135 1,127,948","page_number":13,"box":{"x":857,"y":506,"width":117,"height":9}},{"id":"f067a3bd-4227-41fe-8896-5806429fbf48","block_type":"box","text":"PTSH Intermediate Holdings, LLC, 2026 6th Amendment","page_number":13,"box":{"x":521,"y":519,"width":276,"height":9}},{"id":"62d3b5a8-fbaa-4952-8a38-399f5e66c77a","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 0.75% Floor +","page_number":13,"box":{"x":534,"y":531,"width":262,"height":10}},{"id":"a47d458c-5876-412b-8752-f741f719e029","block_type":"box","text":"5.00%), 8.73%, 01/10/33","page_number":13,"box":{"x":534,"y":544,"width":121,"height":10}},{"id":"cae557a9-f361-4a32-bf81-e3dd6f14069a","block_type":"box","text":"(c)","page_number":13,"box":{"x":656,"y":543,"width":8,"height":6}},{"id":"bbd9b057-adfa-47b6-8573-71c90b3572da","block_type":"box","text":"...........................","page_number":13,"box":{"x":666,"y":551,"width":132,"height":1}},{"id":"35743f7b-c5c0-465f-ab13-9d14e47180ae","block_type":"box","text":"2,894 2,839,368","page_number":13,"box":{"x":856,"y":544,"width":118,"height":9}},{"id":"6ef7a824-4b6a-47f4-b417-2b9b5d4b7acd","block_type":"box","text":"Quorum Health Corp., 2020 Term Loan, 01/28/28","page_number":13,"box":{"x":521,"y":557,"width":238,"height":10}},{"id":"02fa126b-a4bc-41e6-aa3d-2ae5125be2af","block_type":"box","text":"(c)(d)(j)(l)","page_number":13,"box":{"x":760,"y":556,"width":34,"height":6}},{"id":"71394527-b4b7-4058-8f8c-a01cc029bbc7","block_type":"box","text":".","page_number":13,"box":{"x":797,"y":564,"width":2,"height":1}},{"id":"5621b1f1-d214-4b9c-945c-8b921fdc6fb3","block_type":"box","text":"3,919 2,861,102","page_number":13,"box":{"x":856,"y":557,"width":118,"height":9}},{"id":"634279a4-edf2-4a93-bb13-e57ce17976f5","block_type":"box","text":"Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR","page_number":13,"box":{"x":521,"y":570,"width":274,"height":10}},{"id":"bcf81062-cf60-428d-81ff-761b6f3a0808","block_type":"box","text":"at 0.00% Floor + 4.00%), 7.73%, 09/27/30","page_number":13,"box":{"x":534,"y":583,"width":205,"height":10}},{"id":"db9c67bd-64c1-4a74-ba11-af6aa22a6884","block_type":"box","text":"............","page_number":13,"box":{"x":742,"y":589,"width":56,"height":2}},{"id":"56bf40b2-1ffe-4ca7-8b41-4e5d129e8686","block_type":"box","text":"1,419 1,420,484","page_number":13,"box":{"x":857,"y":583,"width":117,"height":9}},{"id":"04f3360f-8de0-4eee-913f-dd2802e6476c","block_type":"box","text":"Team Health Holdings, Inc., 2026 Repriced Term Loan B,","page_number":13,"box":{"x":521,"y":596,"width":277,"height":10}},{"id":"22f6cdfc-b3a9-4b5f-b885-6b9ff79b8b9f","block_type":"box","text":"(3-mo. CME Term SOFR at 0.00% Floor + 4.00%),","page_number":13,"box":{"x":535,"y":609,"width":244,"height":10}},{"id":"f91d7c30-7101-4a2a-97d1-c6b3c4076371","block_type":"box","text":"7.66%, 06/30/28","page_number":13,"box":{"x":535,"y":622,"width":79,"height":9}},{"id":"1d218385-f3f4-460a-8e4b-b8e40eb7cc24","block_type":"box","text":".....................................","page_number":13,"box":{"x":616,"y":628,"width":182,"height":1}},{"id":"e37e39d4-db3c-46d6-8cf7-50518a17e6b4","block_type":"box","text":"1,893 1,892,728","page_number":13,"box":{"x":857,"y":622,"width":117,"height":9}},{"id":"f785f7bb-0e27-46ca-8d8e-5577b20f76de","block_type":"box","text":"TTF Holdings LLC, 2024 Term Loan, (3-mo. CME Term","page_number":13,"box":{"x":521,"y":635,"width":267,"height":9}},{"id":"1229b560-7d71-44e7-ac9b-4465e2cd0c05","block_type":"box","text":"SOFR at 0.00% Floor + 3.75%), 7.38%, 07/18/31","page_number":13,"box":{"x":535,"y":648,"width":236,"height":9}},{"id":"d4bb91c4-0737-4b6b-9299-857e365fbf6b","block_type":"box","text":".....","page_number":13,"box":{"x":777,"y":654,"width":21,"height":1}},{"id":"7ae84281-f13b-4e8c-a8e9-cde9fee07190","block_type":"box","text":"2,446 1,781,945","page_number":13,"box":{"x":856,"y":648,"width":118,"height":8}},{"id":"aa11c5e7-c284-4e8a-bfc5-e92243972dcf","block_type":"box","text":"55,468,133","page_number":13,"box":{"x":919,"y":664,"width":55,"height":9}},{"id":"45ac6287-34d0-4780-9544-2705ad958736","block_type":"box","text":"Health Care Technology — 2.5%","page_number":13,"box":{"x":521,"y":679,"width":165,"height":10}},{"id":"c9213224-9897-4ee1-972b-0e74b6fc9534","block_type":"box","text":"Appriss Health LLC, Term Loan, (1-mo. CME Term","page_number":13,"box":{"x":521,"y":692,"width":245,"height":10}},{"id":"fa5adde9-e7c3-4366-aa7f-cf49fad7f974","block_type":"box","text":"SOFR at 1.00% Floor + 4.75%), 8.49%, 05/05/28","page_number":13,"box":{"x":535,"y":705,"width":238,"height":10}},{"id":"153a4d9c-4aa5-4501-8116-92111b0a4466","block_type":"box","text":"(c)","page_number":13,"box":{"x":774,"y":704,"width":8,"height":6}},{"id":"561ae138-f6e7-4b6c-b35b-a1783f3a01ab","block_type":"box","text":"...","page_number":13,"box":{"x":787,"y":711,"width":11,"height":1}},{"id":"bca14578-5100-4f2a-8f1e-e5ff365cc62d","block_type":"box","text":"691 690,686","page_number":13,"box":{"x":866,"y":705,"width":108,"height":9}},{"id":"c38e87dd-f99c-4e30-a5f2-70658dd8324e","block_type":"box","text":"DNAnexus, Inc.","page_number":13,"box":{"x":521,"y":718,"width":75,"height":9}},{"id":"3d9647bc-bd7f-450d-ba3c-5546d76b3d89","block_type":"box","text":"(c)","page_number":13,"box":{"x":598,"y":716,"width":8,"height":6}},{"id":"d22b100d-6934-4fd7-bb67-f8298c2d961d","block_type":"box","text":"2024 Delayed Draw Term Loan, (1-mo. CME Term","page_number":13,"box":{"x":534,"y":731,"width":244,"height":9}},{"id":"56152da2-1941-4eb1-9858-08915adb6354","block_type":"box","text":"SOFR at 0.00% Floor + 5.25%), 8.89%, 12/18/29","page_number":13,"box":{"x":548,"y":744,"width":238,"height":9}},{"id":"d728ae1f-63fe-4396-ab02-888cfe260aa8","block_type":"box","text":"..","page_number":13,"box":{"x":792,"y":750,"width":6,"height":1}},{"id":"d5775b50-24aa-4818-bafd-f8a668573d4e","block_type":"box","text":"5 4,400","page_number":13,"box":{"x":878,"y":744,"width":96,"height":9}},{"id":"00945c26-0992-4682-bf2f-cdb67cf33d10","block_type":"box","text":"2024 Term Loan, (1-mo. CME Term SOFR at 0.00%","page_number":13,"box":{"x":534,"y":756,"width":252,"height":10}},{"id":"a7a30cee-014f-4183-acd2-512da0791ef4","block_type":"box","text":"Floor + 5.25%), 8.89%, 12/18/29","page_number":13,"box":{"x":548,"y":769,"width":158,"height":10}},{"id":"4b267fc4-32b9-45c1-bdc4-b00929bb62ae","block_type":"box","text":"..................","page_number":13,"box":{"x":712,"y":776,"width":86,"height":1}},{"id":"ad868148-0dd0-4057-98e4-52ae2ee8a1f1","block_type":"box","text":"25 24,800","page_number":13,"box":{"x":872,"y":769,"width":102,"height":9}},{"id":"0d8321f3-e2f8-4a14-bb74-3b374fe9beb6","block_type":"box","text":"ESO Solutions, Inc.","page_number":13,"box":{"x":521,"y":782,"width":94,"height":9}},{"id":"31ce1476-d650-49f9-92dc-268588da3c8b","block_type":"box","text":"(c)","page_number":13,"box":{"x":617,"y":781,"width":8,"height":6}},{"id":"b4f11680-7801-4496-9a28-6193c30adbd6","block_type":"box","text":"2024 Incremental Term Loan, (1-day CME Term","page_number":13,"box":{"x":534,"y":795,"width":232,"height":10}},{"id":"243cc3e2-e20e-4d94-a991-1fa6e2ffca88","block_type":"box","text":"SOFR at 1.00% Floor + 7.00%), 9.17%, 05/03/27","page_number":13,"box":{"x":548,"y":808,"width":238,"height":10}},{"id":"9069af73-288b-48fa-897d-87f0cbab02ac","block_type":"box","text":"..","page_number":13,"box":{"x":792,"y":814,"width":6,"height":2}},{"id":"59391b3d-fe48-48d8-8b91-dc2582838e11","block_type":"box","text":"964 945,393","page_number":13,"box":{"x":866,"y":808,"width":108,"height":9}},{"id":"db49eecf-a683-4df2-9d24-9c5bf5a1fda6","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":13,"box":{"x":535,"y":821,"width":252,"height":10}},{"id":"dc45234d-f7d3-4b69-987a-922ec30e04b0","block_type":"box","text":"5.50%), 9.16%, 05/03/27","page_number":13,"box":{"x":548,"y":834,"width":120,"height":9}},{"id":"49eb730e-e811-41f1-a908-c7a2f5641838","block_type":"box","text":"..........................","page_number":13,"box":{"x":671,"y":840,"width":127,"height":1}},{"id":"e4a75e21-c6d0-418b-b9cc-d74cad5ba447","block_type":"box","text":"207 202,579","page_number":13,"box":{"x":865,"y":834,"width":109,"height":9}},{"id":"1c582d8d-ad03-44a9-a877-97e0fd02d806","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":13,"box":{"x":534,"y":847,"width":262,"height":9}},{"id":"1632754b-3816-49a9-ac8f-6b0c167c2724","block_type":"box","text":"5.50%), 9.17%, 05/03/27","page_number":13,"box":{"x":548,"y":860,"width":120,"height":9}},{"id":"e5fedbec-5959-4713-a552-6384caa636e9","block_type":"box","text":"..........................","page_number":13,"box":{"x":671,"y":866,"width":127,"height":1}},{"id":"96df8fbc-e88e-4217-bd05-633388004c64","block_type":"box","text":"3,696 3,626,089","page_number":13,"box":{"x":856,"y":860,"width":118,"height":9}},{"id":"3c47a9ce-ff70-4612-8e9d-e27199df9bdd","block_type":"box","text":"Consolidated Schedule of Investments","page_number":13,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"a31e3235-9419-47f0-9bd7-ce2ecd59c3f4","block_type":"box","text":"(unaudited) (continued)","page_number":13,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"c72e2f20-d0fe-4b7c-9616-0ef984468568","block_type":"box","text":"June 30, 2026","page_number":13,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"0fbe868b-7980-471b-a02b-1ad40ea65fd2","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":13,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"30e7c772-e955-4551-9285-93b8c09920a9","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":13,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"0e3cfe85-fd6c-440c-b9a3-83773b9ba4c1","block_type":"box","text":"C","page_number":13,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"2d9964af-0a3f-43fc-b4fa-678bbba3c8fd","block_type":"box","text":"ONSOLIDATED","page_number":13,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"d60001ad-128c-4f13-a715-ef092746de44","block_type":"box","text":"S","page_number":13,"box":{"x":147,"y":967,"width":6,"height":7}},{"id":"98c56229-b523-47d0-b3d4-016fe1eb381b","block_type":"box","text":"CHEDULE OF","page_number":13,"box":{"x":158,"y":969,"width":86,"height":5}},{"id":"dcd04733-5960-4c60-a1ef-06fffb412ec2","block_type":"box","text":"I","page_number":13,"box":{"x":256,"y":967,"width":1,"height":7}},{"id":"a92e442e-0e99-49d9-bda0-ef77d59a6e00","block_type":"box","text":"NVESTMENTS","page_number":13,"box":{"x":263,"y":969,"width":87,"height":5}},{"id":"ce5b6d08-ef7e-4b72-bc38-e50cf53441ed","block_type":"box","text":"NM0826U-5876566-13/56","page_number":13,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"16c5b1b5-015d-4da0-9665-1549d980bef1","block_type":"box","text":"13","page_number":13,"box":{"x":955,"y":965,"width":13,"height":9}},{"id":"601f06ce-c137-4464-a793-128bcc7274fc","block_type":"box","text":"Security","page_number":14,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"7de625f7-825f-4264-a8c2-29bc408dc4d5","block_type":"box","text":"Par","page_number":14,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"6a3852e2-cef8-4da8-b973-ab5a01e4fa1d","block_type":"box","text":"(000) Value","page_number":14,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"e259aba5-cfd3-48ca-bc7f-b62efd020bee","block_type":"box","text":"Health Care Technology (continued)","page_number":14,"box":{"x":31,"y":119,"width":185,"height":10}},{"id":"5a04a27f-e2e0-47ec-b93c-1b8bf54ef359","block_type":"box","text":"Gainwell Acquisition Corp.","page_number":14,"box":{"x":30,"y":132,"width":127,"height":9}},{"id":"a076bc5b-e6fa-4327-9775-a49731e9dce0","block_type":"box","text":"2nd Lien Term Loan, (3-mo. CME Term SOFR at","page_number":14,"box":{"x":43,"y":145,"width":236,"height":9}},{"id":"e4e93f45-0a6a-4dcf-85c8-bd12ae48a48b","block_type":"box","text":"1.00% Floor + 8.00%), 11.77%, 10/02/28","page_number":14,"box":{"x":58,"y":158,"width":197,"height":9}},{"id":"ef09eff6-7c4d-4e3e-84b9-39fb50d47f6e","block_type":"box","text":"(c)","page_number":14,"box":{"x":256,"y":156,"width":8,"height":6}},{"id":"90e19c29-1e4b-4ce1-99a8-9c1a0533cc0a","block_type":"box","text":".........","page_number":14,"box":{"x":266,"y":164,"width":42,"height":1}},{"id":"4ed47420-78a8-42f7-96e2-e8ec0a780d5c","block_type":"box","text":"USD 994 $ 966,969","page_number":14,"box":{"x":320,"y":157,"width":163,"height":10}},{"id":"bb38308c-940c-4414-a0e4-26b89e453912","block_type":"box","text":"Term Loan B, (3-mo. CME Term SOFR at 0.75% Floor","page_number":14,"box":{"x":43,"y":171,"width":264,"height":9}},{"id":"3889ebff-55a2-4c6a-b164-844730e5637c","block_type":"box","text":"+ 4.00%), 7.83%, 10/01/27","page_number":14,"box":{"x":57,"y":183,"width":130,"height":10}},{"id":"d6ea3b1a-f97c-4e08-892e-f0f8283ea245","block_type":"box","text":"........................","page_number":14,"box":{"x":190,"y":190,"width":117,"height":1}},{"id":"c0943258-b2a4-4441-bdd6-365b6042afa0","block_type":"box","text":"969 953,759","page_number":14,"box":{"x":375,"y":184,"width":108,"height":8}},{"id":"6775d6a6-4769-47b0-b8bd-c543853a7c69","block_type":"box","text":"MRO Parent Corp., Term Loan, (1-mo. CME Term SOFR","page_number":14,"box":{"x":31,"y":196,"width":274,"height":10}},{"id":"de5d87bb-2fbf-4bf1-b80d-a3de9c657054","block_type":"box","text":"at 0.75% Floor + 4.50%), 8.14%, 06/09/32","page_number":14,"box":{"x":44,"y":209,"width":204,"height":10}},{"id":"bdd0c174-ae50-49f8-a5c2-ba39b90c9578","block_type":"box","text":"(c)","page_number":14,"box":{"x":249,"y":208,"width":9,"height":6}},{"id":"fa3d0121-a80e-41f4-bf12-f8fd5b755902","block_type":"box","text":"..........","page_number":14,"box":{"x":261,"y":216,"width":47,"height":1}},{"id":"33331410-43d0-4709-badd-d7a15a92258c","block_type":"box","text":"4,227 4,197,724","page_number":14,"box":{"x":365,"y":209,"width":118,"height":9}},{"id":"87dea80e-58b0-44e4-b031-74669e10fd6e","block_type":"box","text":"Zelis Payments Buyer, Inc., 5th Amendment Term Loan,","page_number":14,"box":{"x":30,"y":222,"width":271,"height":10}},{"id":"affa7ac9-7403-41d4-b2e0-4552eebc9469","block_type":"box","text":"(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),","page_number":14,"box":{"x":44,"y":235,"width":244,"height":10}},{"id":"7fc675a4-9d01-48e1-8d77-d3bc13037ae3","block_type":"box","text":"6.89%, 11/26/31","page_number":14,"box":{"x":44,"y":248,"width":77,"height":9}},{"id":"0d2c6ad2-0be1-4eda-a226-a79e5fca2053","block_type":"box","text":".....................................","page_number":14,"box":{"x":125,"y":254,"width":182,"height":1}},{"id":"16574d19-281e-4bc7-8c64-6b670b7145b5","block_type":"box","text":"1,361 1,326,903","page_number":14,"box":{"x":366,"y":248,"width":117,"height":9}},{"id":"aa80d6f0-6833-4165-9c56-4ec67fd0b9f8","block_type":"box","text":"12,939,302","page_number":14,"box":{"x":429,"y":264,"width":54,"height":9}},{"id":"ec35d2bb-3331-486f-8788-225138d678d0","block_type":"box","text":"Hotels, Restaurants & Leisure — 5.7%","page_number":14,"box":{"x":31,"y":279,"width":197,"height":10}},{"id":"d278ee72-9870-4f3c-83cf-9784bb0bf03e","block_type":"box","text":"Birdie Bidco, Inc.","page_number":14,"box":{"x":31,"y":292,"width":80,"height":9}},{"id":"308b6ccd-29ac-4400-abac-62e621dea4d7","block_type":"box","text":"(c)","page_number":14,"box":{"x":113,"y":291,"width":9,"height":6}},{"id":"769df824-91a9-4079-a1ce-9e54e4e329f3","block_type":"box","text":"Delayed Draw Term Loan, (3-mo. CME Term SOFR at","page_number":14,"box":{"x":44,"y":305,"width":262,"height":10}},{"id":"301eedc2-065c-48a9-ba02-2617dd8d47fe","block_type":"box","text":"0.75% Floor + 4.75%), 8.45%, 11/17/32","page_number":14,"box":{"x":57,"y":318,"width":192,"height":10}},{"id":"b68cfaf2-611c-42d1-aace-9a74cc86ef3c","block_type":"box","text":"............","page_number":14,"box":{"x":251,"y":324,"width":57,"height":2}},{"id":"61160456-f0ca-4af9-9956-0be09c03f5a6","block_type":"box","text":"138 136,115","page_number":14,"box":{"x":375,"y":318,"width":108,"height":9}},{"id":"49ccf023-f76b-4a03-82f6-c50bece1f319","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 0.75% Floor +","page_number":14,"box":{"x":43,"y":331,"width":262,"height":10}},{"id":"e6f99f42-30a7-4e1e-aa1f-31bde0823bd6","block_type":"box","text":"2.50% and 2.25% PIK), 8.48%, 11/17/32","page_number":14,"box":{"x":57,"y":344,"width":196,"height":10}},{"id":"7d4457c0-cf9a-4315-9cd8-d14f3a1ad40d","block_type":"box","text":"(g)","page_number":14,"box":{"x":254,"y":343,"width":9,"height":6}},{"id":"ccb755c6-fc99-4fc5-8683-ad3b0f97f881","block_type":"box","text":".........","page_number":14,"box":{"x":266,"y":350,"width":42,"height":1}},{"id":"9e0aebe4-c2b8-497c-add0-5c30c58ab236","block_type":"box","text":"2,819 2,780,075","page_number":14,"box":{"x":365,"y":344,"width":118,"height":9}},{"id":"957e6de8-584c-4d49-89ec-b96e46a2a0f4","block_type":"box","text":"Catawba Nation Gaming Authority, Term Loan B, (3-mo.","page_number":14,"box":{"x":30,"y":357,"width":270,"height":9}},{"id":"7690359c-d376-48bb-b47f-424e161b0852","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 4.75%), 8.41%,","page_number":14,"box":{"x":44,"y":370,"width":246,"height":9}},{"id":"5aeb6bc4-f8e9-42cb-ac7a-bff006531d06","block_type":"box","text":"03/29/32","page_number":14,"box":{"x":44,"y":383,"width":41,"height":7}},{"id":"e86c157b-66fd-44a2-b918-59708632e6e7","block_type":"box","text":"............................................","page_number":14,"box":{"x":90,"y":389,"width":217,"height":1}},{"id":"c60e7192-3a77-484b-98cf-f062d0474924","block_type":"box","text":"1,466 1,463,491","page_number":14,"box":{"x":366,"y":383,"width":115,"height":9}},{"id":"de513045-d224-44d6-b95e-e18a9d3eeec3","block_type":"box","text":"Gympass, 2024 2nd Amendment Delayed Draw Term","page_number":14,"box":{"x":30,"y":395,"width":259,"height":10}},{"id":"6e245728-51af-418c-a95f-0a51a7088af2","block_type":"box","text":"Loan, (1-mo. CME Term SOFR at 1.50% Floor +","page_number":14,"box":{"x":44,"y":408,"width":234,"height":10}},{"id":"bcf7e9e7-66c7-4f7f-b079-03de854398ef","block_type":"box","text":"3.25% and 3.25% PIK), 10.26%, 08/29/29","page_number":14,"box":{"x":44,"y":421,"width":203,"height":10}},{"id":"17c2a8c2-a581-4966-9451-17290bcc4a48","block_type":"box","text":"(c)(g)","page_number":14,"box":{"x":248,"y":420,"width":18,"height":6}},{"id":"00fd96e8-e3c8-4b40-abcb-225c25591b58","block_type":"box","text":"........","page_number":14,"box":{"x":271,"y":428,"width":37,"height":1}},{"id":"da3c9186-69b5-4275-9272-762dcfaf6c34","block_type":"box","text":"4,985 4,985,125","page_number":14,"box":{"x":365,"y":421,"width":118,"height":9}},{"id":"57114f1d-6ce7-4f60-969e-665b71eb9d18","block_type":"box","text":"Herschend Entertainment Co. LLC, 2026 Term Loan B,","page_number":14,"box":{"x":31,"y":434,"width":265,"height":9}},{"id":"e2690dbd-4bb5-402b-adb7-fed5a7e79ae1","block_type":"box","text":"(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),","page_number":14,"box":{"x":44,"y":447,"width":244,"height":10}},{"id":"16a7e0ca-dda7-457a-8ce3-6dd9836ce9f2","block_type":"box","text":"6.14%, 05/27/32","page_number":14,"box":{"x":44,"y":460,"width":79,"height":9}},{"id":"24267874-1ee0-4f46-bd78-856b1c7ccd09","block_type":"box","text":".....................................","page_number":14,"box":{"x":125,"y":466,"width":182,"height":1}},{"id":"d5f84864-215a-4df9-a25f-5f8c36b12025","block_type":"box","text":"1,416 1,417,146","page_number":14,"box":{"x":366,"y":460,"width":117,"height":9}},{"id":"85274552-7218-403a-aa9f-a74ed366cadc","block_type":"box","text":"Oravel Stays Singapore Pte. Ltd., 2025 Term Loan B,","page_number":14,"box":{"x":30,"y":473,"width":258,"height":10}},{"id":"bf10eaff-e1ae-4c8d-8be6-7604b9e953a1","block_type":"box","text":"(3-mo. CME Term SOFR at 1.00% Floor + 8.00%),","page_number":14,"box":{"x":44,"y":486,"width":244,"height":9}},{"id":"1e0865a5-34ae-4054-83d6-abb2d443ba2a","block_type":"box","text":"11.73%, 01/08/30","page_number":14,"box":{"x":44,"y":499,"width":84,"height":9}},{"id":"cc80dcea-2c7d-4d99-bf97-e875a15fc38b","block_type":"box","text":"....................................","page_number":14,"box":{"x":130,"y":505,"width":177,"height":1}},{"id":"773b6b16-06df-41d2-b006-eb8477456c7c","block_type":"box","text":"4,951 5,102,977","page_number":14,"box":{"x":365,"y":499,"width":118,"height":9}},{"id":"95ccec9b-fe4c-4ee0-9ce5-a72693669413","block_type":"box","text":"Peninsula Pacific Entertainment LLC, 2025 Term Loan B,","page_number":14,"box":{"x":31,"y":512,"width":276,"height":8}},{"id":"5cf5c50a-3dc7-4e13-8ab8-d34665a6f138","block_type":"box","text":"(6-mo. CME Term SOFR at 0.00% Floor + 4.75%),","page_number":14,"box":{"x":44,"y":524,"width":244,"height":10}},{"id":"576b99f3-1b37-45aa-b90f-0ac292a5ed5a","block_type":"box","text":"8.60%, 10/01/32","page_number":14,"box":{"x":44,"y":537,"width":79,"height":9}},{"id":"c854bfdf-9cab-4608-a157-96a96e1b9df5","block_type":"box","text":".....................................","page_number":14,"box":{"x":125,"y":544,"width":182,"height":1}},{"id":"2cc4a6ff-3741-469f-8f39-a748426ed507","block_type":"box","text":"2,601 2,601,048","page_number":14,"box":{"x":365,"y":537,"width":118,"height":9}},{"id":"661c8cc2-a3fa-4279-9c62-d5296fcae535","block_type":"box","text":"SGH2 LLC, 2025 USD Term Loan B, (3-mo. CME Term","page_number":14,"box":{"x":30,"y":550,"width":268,"height":10}},{"id":"85782b0b-f2f8-4136-b69a-28a14a45121a","block_type":"box","text":"SOFR at 0.00% Floor + 4.50%), 8.23%, 08/18/32","page_number":14,"box":{"x":44,"y":563,"width":238,"height":10}},{"id":"29cade1c-cde3-4d94-b0d8-7b59b2f09b19","block_type":"box","text":"(c)","page_number":14,"box":{"x":283,"y":562,"width":9,"height":6}},{"id":"36daa06d-66e7-420a-8c5b-819795cf2953","block_type":"box","text":"...","page_number":14,"box":{"x":296,"y":569,"width":12,"height":2}},{"id":"75e3bafb-ca95-4882-b41e-e6694b621630","block_type":"box","text":"1,466 1,462,862","page_number":14,"box":{"x":366,"y":563,"width":117,"height":9}},{"id":"9eafca79-7b30-45ab-a594-afd0099d23c5","block_type":"box","text":"Showtime Acquisition LLC, 2024 1st Lien Term Loan,","page_number":14,"box":{"x":30,"y":576,"width":256,"height":10}},{"id":"ebe80f3c-1b26-4c3a-9a84-c92dca9f7bc3","block_type":"box","text":"(3-mo. CME Term SOFR at 0.00% Floor + 4.75%),","page_number":14,"box":{"x":44,"y":589,"width":244,"height":10}},{"id":"d43b00da-c5b4-4f71-8589-701c0ec26fb0","block_type":"box","text":"8.39%, 08/16/31","page_number":14,"box":{"x":44,"y":602,"width":77,"height":9}},{"id":"5e240a66-cc11-4c20-a69b-7238f379eb56","block_type":"box","text":".....................................","page_number":14,"box":{"x":125,"y":608,"width":182,"height":1}},{"id":"1e1569c0-926b-4a7a-ab66-8e0e9679e00a","block_type":"box","text":"4,881 4,829,411","page_number":14,"box":{"x":365,"y":602,"width":116,"height":9}},{"id":"db928611-439f-479f-8370-b607c3905755","block_type":"box","text":"Stonebridge Cos. LLC, Term Loan B, (1-mo. CME Term","page_number":14,"box":{"x":30,"y":615,"width":269,"height":9}},{"id":"238215fa-ee94-4fda-a621-a2b076caf5ed","block_type":"box","text":"SOFR at 0.75% Floor + 5.00%), 8.64%, 05/16/31","page_number":14,"box":{"x":44,"y":628,"width":236,"height":9}},{"id":"db2dc9e9-2828-40ab-a961-36258f4e4ba9","block_type":"box","text":"(c)","page_number":14,"box":{"x":283,"y":626,"width":9,"height":6}},{"id":"273c365c-a70e-4a0f-87c7-c5f796728455","block_type":"box","text":"...","page_number":14,"box":{"x":296,"y":634,"width":12,"height":1}},{"id":"378255e5-29af-4df5-8f5c-091e6bc9bec1","block_type":"box","text":"3,226 3,258,045","page_number":14,"box":{"x":366,"y":628,"width":117,"height":9}},{"id":"6e1aff8a-939a-410a-a029-1c312847e386","block_type":"box","text":"Voyager Parent LLC, Repriced Term Loan B, (3-mo.","page_number":14,"box":{"x":30,"y":640,"width":252,"height":10}},{"id":"cedb9fa4-a084-41cc-a60c-495b44336f0b","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 4.25%), 7.98%,","page_number":14,"box":{"x":44,"y":653,"width":246,"height":10}},{"id":"c026c2e1-ba85-41e8-b809-f720a4257684","block_type":"box","text":"07/01/32","page_number":14,"box":{"x":44,"y":666,"width":41,"height":8}},{"id":"1e930605-9912-41b3-9157-a967d0232fb9","block_type":"box","text":"............................................","page_number":14,"box":{"x":90,"y":673,"width":217,"height":1}},{"id":"d7a40472-343f-4cce-8be0-37066101735c","block_type":"box","text":"1,402 1,401,188","page_number":14,"box":{"x":366,"y":666,"width":117,"height":9}},{"id":"95583280-1936-4408-a892-b7152929c23d","block_type":"box","text":"Wellhub Inc., Term Loan, (1-mo. CME Term SOFR +","page_number":14,"box":{"x":30,"y":679,"width":254,"height":10}},{"id":"9ce88117-9600-47e4-a50b-0392d2239c67","block_type":"box","text":"3.25% and 3.25% PIK), 10.26%, 07/08/27","page_number":14,"box":{"x":44,"y":692,"width":203,"height":10}},{"id":"5cc70742-57d0-4305-87a9-f9ded83f784b","block_type":"box","text":"(c)(g)","page_number":14,"box":{"x":248,"y":691,"width":18,"height":6}},{"id":"4892d7bd-9788-4b10-8a68-c8b47f27b540","block_type":"box","text":"........","page_number":14,"box":{"x":271,"y":698,"width":37,"height":2}},{"id":"791069bb-fb04-4b8c-9d90-1970b351f727","block_type":"box","text":"290 289,652","page_number":14,"box":{"x":375,"y":692,"width":108,"height":9}},{"id":"6d76bf1f-5df8-410d-a3d5-50a068aa8f57","block_type":"box","text":"29,727,135","page_number":14,"box":{"x":428,"y":708,"width":55,"height":9}},{"id":"fab806bf-0f60-4295-be71-86caf22df687","block_type":"box","text":"Household Durables — 1.4%","page_number":14,"box":{"x":31,"y":724,"width":148,"height":7}},{"id":"6807e062-5ffb-44c1-a0de-fdb1dc62608e","block_type":"box","text":"HP PHRG Borrower LLC, 2025 Term Loan B, (3-mo.","page_number":14,"box":{"x":31,"y":736,"width":253,"height":10}},{"id":"27b471b3-2802-42f2-8d83-9f35ee755536","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 4.00%), 7.73%,","page_number":14,"box":{"x":44,"y":749,"width":246,"height":10}},{"id":"b98cf049-4384-4027-919a-ac4288825eee","block_type":"box","text":"02/20/32","page_number":14,"box":{"x":44,"y":762,"width":41,"height":8}},{"id":"c0d96b50-e6b5-40b1-89af-8f24b370f402","block_type":"box","text":"............................................","page_number":14,"box":{"x":90,"y":769,"width":217,"height":1}},{"id":"3c19c4c3-18cb-4438-beca-56e7d3232a88","block_type":"box","text":"4,950 4,911,637","page_number":14,"box":{"x":365,"y":762,"width":118,"height":9}},{"id":"8406cd96-f78b-40fc-b81c-712fa9cb8da9","block_type":"box","text":"Razor Group GmbH","page_number":14,"box":{"x":31,"y":775,"width":96,"height":10}},{"id":"c7c7141d-c630-4b10-b08d-ff75e6bbe2a3","block_type":"box","text":"(c)(d)(j)(l)","page_number":14,"box":{"x":128,"y":774,"width":34,"height":6}},{"id":"2988c5e7-0a34-45d3-91b9-00e5de681c3a","block_type":"box","text":"2025 Tranche Term Loan 2 A, 12/20/29","page_number":14,"box":{"x":43,"y":788,"width":190,"height":9}},{"id":"decb4e64-291a-474b-bae0-aaddeaf1e91a","block_type":"box","text":"...............","page_number":14,"box":{"x":236,"y":794,"width":72,"height":2}},{"id":"2a175c49-7df5-45a8-b432-ef6fd1104a71","block_type":"box","text":"236 —","page_number":14,"box":{"x":375,"y":788,"width":108,"height":8}},{"id":"79f9106f-993f-47cf-a5d6-96bbc3bc9639","block_type":"box","text":"2025 Tranche Term Loan 2 B, 12/20/29","page_number":14,"box":{"x":43,"y":801,"width":191,"height":9}},{"id":"546dd50e-1700-4965-8b14-888d1605386d","block_type":"box","text":"...............","page_number":14,"box":{"x":236,"y":807,"width":72,"height":1}},{"id":"68294728-6e67-4312-87c6-95f8fc04046f","block_type":"box","text":"104 —","page_number":14,"box":{"x":375,"y":801,"width":108,"height":8}},{"id":"1f27aa1a-aa6a-495f-a7c8-3ee88a46d21e","block_type":"box","text":"2025 Tranche Term Loan 3 B, 12/20/29","page_number":14,"box":{"x":43,"y":814,"width":191,"height":9}},{"id":"a338dcb7-1b29-4734-9d16-f3413e99c2bc","block_type":"box","text":"...............","page_number":14,"box":{"x":236,"y":820,"width":72,"height":1}},{"id":"d2cca20b-24bb-475f-8054-ab896d3caf7b","block_type":"box","text":"1,571 —","page_number":14,"box":{"x":366,"y":814,"width":117,"height":9}},{"id":"e1e4c463-b5e1-45da-ad5b-33c1daefc63c","block_type":"box","text":"Sellerx","page_number":14,"box":{"x":30,"y":827,"width":33,"height":7}},{"id":"182e6b2d-acc2-45b7-b697-463bf5687906","block_type":"box","text":"(c)","page_number":14,"box":{"x":64,"y":825,"width":9,"height":6}},{"id":"6e58c7f5-9bc2-4c5f-9ca4-dc9ec9ef924a","block_type":"box","text":"2025 Revolver, (3-mo. CME Term SOFR + 5.00%),","page_number":14,"box":{"x":43,"y":840,"width":247,"height":9}},{"id":"373e6192-5992-44bc-ae8c-5089b67c165d","block_type":"box","text":"8.73%, 06/25/29","page_number":14,"box":{"x":57,"y":852,"width":79,"height":9}},{"id":"16586a7b-14a1-4d4b-985a-6f5c1cc0895c","block_type":"box","text":"..................................","page_number":14,"box":{"x":140,"y":859,"width":167,"height":1}},{"id":"7cf316bb-15b5-4d08-bd9d-20eda103e4fb","block_type":"box","text":"1,219 1,218,489","page_number":14,"box":{"x":366,"y":853,"width":117,"height":8}},{"id":"97036ce1-ef95-4599-89fa-9bc25446fdd0","block_type":"box","text":"Security","page_number":14,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"17e66ce7-4a3b-4193-bb6b-1b0a3cc47457","block_type":"box","text":"Par","page_number":14,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"3470b0f6-4504-40b2-993d-4d90a0cefdf3","block_type":"box","text":"(000) Value","page_number":14,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"49255ea9-10dc-464f-83c4-9556dcf6680f","block_type":"box","text":"Household Durables (continued)","page_number":14,"box":{"x":521,"y":119,"width":169,"height":10}},{"id":"6c39c7b1-2a18-4806-bdd9-62fef2182d68","block_type":"box","text":"Sellerx","page_number":14,"box":{"x":521,"y":132,"width":33,"height":7}},{"id":"35243181-0f16-406c-ad02-6ac178d1af15","block_type":"box","text":"(c)","page_number":14,"box":{"x":555,"y":130,"width":8,"height":7}},{"id":"1de75503-3d15-4fcb-9c54-e4bc0878750a","block_type":"box","text":"(continued)","page_number":14,"box":{"x":568,"y":132,"width":53,"height":10}},{"id":"b48c24e8-747f-4b33-ada0-2ce32c2a7b06","block_type":"box","text":"2025 Tranche A1 Term Loan, (3-mo. CME Term SOFR","page_number":14,"box":{"x":534,"y":145,"width":265,"height":9}},{"id":"c12626a3-0210-4d59-a83d-bdc73d8f05f5","block_type":"box","text":"+ 9.00%), 12.73%, 12/31/28","page_number":14,"box":{"x":548,"y":158,"width":136,"height":9}},{"id":"e4cf9121-819d-4765-9c1b-201b277f5164","block_type":"box","text":".......................","page_number":14,"box":{"x":686,"y":164,"width":112,"height":1}},{"id":"8de764cd-0473-47dc-b097-7719d32d01c5","block_type":"box","text":"USD 809 $ 563,533","page_number":14,"box":{"x":810,"y":157,"width":164,"height":10}},{"id":"65401656-38b8-45e4-a80c-104689550769","block_type":"box","text":"2025 Tranche A2 Term Loan, (3-mo. CME Term SOFR","page_number":14,"box":{"x":534,"y":171,"width":265,"height":9}},{"id":"711f997b-5bcb-4196-8033-abe3fd6ba2b7","block_type":"box","text":"+ 9.00%), 12.73%, 12/31/28","page_number":14,"box":{"x":548,"y":183,"width":136,"height":10}},{"id":"6ec17946-1f6f-4681-bee5-8a0bbd008dec","block_type":"box","text":".......................","page_number":14,"box":{"x":686,"y":190,"width":112,"height":1}},{"id":"4b213bb2-3ebc-464c-9939-e44013c412e8","block_type":"box","text":"808 563,205","page_number":14,"box":{"x":866,"y":184,"width":108,"height":8}},{"id":"18584837-58b9-40ca-a537-0bf1322f447b","block_type":"box","text":"Stitch Acquisition Corp., 2024 2nd Out Term Loan, (3-","page_number":14,"box":{"x":521,"y":196,"width":260,"height":10}},{"id":"00930f20-a119-4dea-948c-e822f3e874e5","block_type":"box","text":"mo. CME Term SOFR + 7.50%), 11.49%, 12/31/29","page_number":14,"box":{"x":535,"y":209,"width":245,"height":10}},{"id":"c31c5658-8693-4ab7-a7c3-03a70cd2f620","block_type":"box","text":"....","page_number":14,"box":{"x":782,"y":216,"width":16,"height":1}},{"id":"5e240f69-ff12-4186-a655-17088acf7ff1","block_type":"box","text":"28 24,376","page_number":14,"box":{"x":872,"y":209,"width":102,"height":9}},{"id":"d0918acf-c11b-48f6-82a1-153f50d69055","block_type":"box","text":"7,281,240","page_number":14,"box":{"x":926,"y":225,"width":48,"height":9}},{"id":"1aaf3c3e-25d8-42a2-97be-0a903cdb9cc6","block_type":"box","text":"Household Products — 0.0%","page_number":14,"box":{"x":521,"y":241,"width":149,"height":8}},{"id":"9eb2ae64-8d44-4992-a43f-e68de122999f","block_type":"box","text":"Oxea Corp., 2017 USD Term Loan B2, (3-mo. CME Term","page_number":14,"box":{"x":521,"y":254,"width":277,"height":9}},{"id":"ba25377d-089e-4654-a37f-8bc6ea0c4e3c","block_type":"box","text":"SOFR at 0.00% Floor + 4.85%), 8.53%, 04/08/31","page_number":14,"box":{"x":535,"y":267,"width":236,"height":9}},{"id":"833af7e0-6bae-43d8-80d0-5dfebded9809","block_type":"box","text":".....","page_number":14,"box":{"x":777,"y":273,"width":21,"height":1}},{"id":"ff24026e-19cc-4047-8a70-06412197e1ec","block_type":"box","text":"74 48,398","page_number":14,"box":{"x":872,"y":267,"width":102,"height":9}},{"id":"3b5c38e7-c547-47e1-9b3e-cd651859183e","block_type":"box","text":"Independent Power and Renewable Electricity Producers — 0.2%","page_number":14,"box":{"x":521,"y":285,"width":339,"height":10}},{"id":"b8bd3c6e-44da-4cd9-a792-766b5157832e","block_type":"box","text":"Jackson Generation LLC, (3-mo. CME Term SOFR at","page_number":14,"box":{"x":521,"y":298,"width":260,"height":10}},{"id":"707a6dee-86c7-4068-b467-5fbcfb75ee14","block_type":"box","text":"0.00% Floor + 2.50%), 6.25%, 07/08/33","page_number":14,"box":{"x":534,"y":311,"width":193,"height":10}},{"id":"365419a2-6593-46b4-b23f-414adcdc31ce","block_type":"box","text":"(c)","page_number":14,"box":{"x":728,"y":310,"width":8,"height":6}},{"id":"9f4f06b3-3f95-4e5d-b474-a030948561de","block_type":"box","text":"............","page_number":14,"box":{"x":742,"y":317,"width":56,"height":2}},{"id":"4c515eb0-b9b7-47bc-9472-d5b7406b3c15","block_type":"box","text":"944 944,116","page_number":14,"box":{"x":866,"y":311,"width":108,"height":9}},{"id":"5fa70316-6ed5-4ece-8486-c646aa2693ee","block_type":"box","text":"Insurance — 2.5%","page_number":14,"box":{"x":521,"y":330,"width":93,"height":8}},{"id":"64e1c9fa-8a09-4308-ad64-b1f8f785108c","block_type":"box","text":"Accuserve Solutions, Inc., 2024 Incremental Term Loan,","page_number":14,"box":{"x":521,"y":343,"width":272,"height":9}},{"id":"19acd61d-5eb7-4593-9ca3-30f497c2f594","block_type":"box","text":"(3-mo. CME Term SOFR + 5.25%), 9.66%,","page_number":14,"box":{"x":535,"y":356,"width":206,"height":9}},{"id":"d0953623-f8dd-47ba-93e1-e48d5905747f","block_type":"box","text":"03/15/30","page_number":14,"box":{"x":534,"y":368,"width":42,"height":8}},{"id":"24902a65-a9d7-46c8-8243-fd7b13b109d7","block_type":"box","text":"(c)","page_number":14,"box":{"x":577,"y":367,"width":9,"height":6}},{"id":"79af8451-e3ee-455a-8ca3-cf807cbc1831","block_type":"box","text":"..........................................","page_number":14,"box":{"x":591,"y":375,"width":207,"height":1}},{"id":"2601374d-0b20-485e-8077-ff246ac54f7e","block_type":"box","text":"602 501,640","page_number":14,"box":{"x":866,"y":369,"width":108,"height":8}},{"id":"594e04af-0e88-4ca6-b978-c01ad57ab2f7","block_type":"box","text":"Acrisure LLC","page_number":14,"box":{"x":521,"y":381,"width":63,"height":8}},{"id":"91e132ef-4873-4265-9372-3e5836b38708","block_type":"box","text":"2024 1st Lien Term Loan B6, (1-mo. CME Term SOFR","page_number":14,"box":{"x":534,"y":394,"width":264,"height":10}},{"id":"757ef6d7-53c0-4278-8917-ea65589ac033","block_type":"box","text":"at 0.00% Floor + 3.00%), 6.64%, 11/06/30","page_number":14,"box":{"x":548,"y":407,"width":204,"height":10}},{"id":"e479c536-a4fc-497a-b2e0-99403af96d4a","block_type":"box","text":".........","page_number":14,"box":{"x":757,"y":413,"width":41,"height":2}},{"id":"e972f995-6de6-4aac-9254-0f6adaed05d1","block_type":"box","text":"1,372 1,238,242","page_number":14,"box":{"x":857,"y":407,"width":117,"height":9}},{"id":"edcae02a-01e7-43c4-9700-e765efe90c7c","block_type":"box","text":"2025 Term Loan B, (1-mo. CME Term SOFR at 0.00%","page_number":14,"box":{"x":534,"y":420,"width":262,"height":10}},{"id":"661cceee-b058-4bd1-92ff-f145d4dcaf15","block_type":"box","text":"Floor + 3.25%), 6.89%, 06/21/32","page_number":14,"box":{"x":548,"y":433,"width":158,"height":10}},{"id":"a933dead-b895-4634-9aa8-3c426a716033","block_type":"box","text":"..................","page_number":14,"box":{"x":712,"y":439,"width":86,"height":1}},{"id":"b84d5bd0-6ebb-48ac-a0e4-0b7ffda8d530","block_type":"box","text":"763 687,436","page_number":14,"box":{"x":866,"y":433,"width":108,"height":9}},{"id":"a57b00cb-9d1c-45cf-88b3-c222741681db","block_type":"box","text":"Goosehead Insurance Holdings LLC, 2025 Term Loan B,","page_number":14,"box":{"x":521,"y":446,"width":275,"height":9}},{"id":"d7707808-9116-4594-989b-bf9e9cbd8a4d","block_type":"box","text":"(1-mo. CME Term SOFR at 0.00% Floor + 3.00%),","page_number":14,"box":{"x":535,"y":459,"width":244,"height":9}},{"id":"9af5229e-0926-4d1f-9e1f-a1de77b4b088","block_type":"box","text":"6.64%, 01/08/32","page_number":14,"box":{"x":534,"y":472,"width":80,"height":9}},{"id":"f8b4a95a-ffb9-47e0-bf3e-e7b966958929","block_type":"box","text":"(c)","page_number":14,"box":{"x":615,"y":470,"width":8,"height":6}},{"id":"87a99d47-9392-4301-a0fb-e36978d1f991","block_type":"box","text":"...................................","page_number":14,"box":{"x":626,"y":478,"width":172,"height":1}},{"id":"db4a7ceb-325c-4375-9296-9769f1a6a176","block_type":"box","text":"299 294,544","page_number":14,"box":{"x":865,"y":472,"width":109,"height":9}},{"id":"11d02bda-a265-4da6-bdc3-74d61483a846","block_type":"box","text":"HIG Operations Holdings, Inc.","page_number":14,"box":{"x":521,"y":484,"width":145,"height":10}},{"id":"212ece61-9cdc-4cf8-a22b-4331b598bd14","block_type":"box","text":"(c)","page_number":14,"box":{"x":667,"y":483,"width":9,"height":6}},{"id":"65791618-e616-419e-8574-01bde47fbb4d","block_type":"box","text":"2025 6th Amendment Term Loan, (1-mo. CME Term","page_number":14,"box":{"x":534,"y":497,"width":252,"height":10}},{"id":"f3d0d5f2-b20b-4983-99d5-6ed4a9bf939f","block_type":"box","text":"SOFR at 1.00% Floor + 4.50%), 8.14%, 06/11/31","page_number":14,"box":{"x":548,"y":510,"width":236,"height":10}},{"id":"1600ad57-dd69-4bec-9610-041fc0bfbe99","block_type":"box","text":"...","page_number":14,"box":{"x":787,"y":517,"width":11,"height":1}},{"id":"9f3cd781-5af7-4c4e-a295-14463010b494","block_type":"box","text":"4,227 4,227,320","page_number":14,"box":{"x":856,"y":510,"width":118,"height":9}},{"id":"90a2f534-0130-42ff-b468-5d5652c8222d","block_type":"box","text":"2025 6th Amendment Tranche A DDTL, (1-mo. CME","page_number":14,"box":{"x":534,"y":523,"width":254,"height":10}},{"id":"bb9dcd89-fb2e-4d96-ad2a-c6ca5e00a75d","block_type":"box","text":"Term SOFR at 1.00% Floor + 4.50%), 8.14%,","page_number":14,"box":{"x":548,"y":536,"width":219,"height":10}},{"id":"3afaa57d-6025-4611-b56e-e31d49197b27","block_type":"box","text":"06/11/31","page_number":14,"box":{"x":548,"y":549,"width":40,"height":8}},{"id":"98a55092-5991-4bc1-8c63-b7569e9e7a96","block_type":"box","text":".........................................","page_number":14,"box":{"x":596,"y":555,"width":202,"height":1}},{"id":"73e2991d-e18a-4a64-9f87-7a1706d9e911","block_type":"box","text":"683 682,927","page_number":14,"box":{"x":866,"y":549,"width":108,"height":9}},{"id":"1344c19f-eeea-4126-a754-71756c497d8f","block_type":"box","text":"Jones DesLauriers Insurance Management Inc.,","page_number":14,"box":{"x":521,"y":562,"width":233,"height":9}},{"id":"a6eca089-0e99-4f54-9fa7-74294c7cd0c3","block_type":"box","text":"2026 Repriced Term Loan B, (3-mo. CME Term SOFR","page_number":14,"box":{"x":534,"y":575,"width":263,"height":9}},{"id":"648c00d0-378a-41d1-805b-c2e47c48e220","block_type":"box","text":"at 0.00% Floor + 3.00%), 6.66%, 02/02/33","page_number":14,"box":{"x":534,"y":588,"width":205,"height":9}},{"id":"368fae4f-eaa5-4f2f-a337-b386f919a6f6","block_type":"box","text":"............","page_number":14,"box":{"x":742,"y":594,"width":56,"height":1}},{"id":"e82d670d-fc10-4249-95be-838089278e16","block_type":"box","text":"1,414 1,351,019","page_number":14,"box":{"x":857,"y":588,"width":117,"height":9}},{"id":"103f56d2-ce85-4f70-8627-dbd6034987f4","block_type":"box","text":"Liberty Co. Insurance Brokers LLC, Term Loan B, (3-mo.","page_number":14,"box":{"x":521,"y":600,"width":274,"height":10}},{"id":"7a0610c1-c2f2-44b0-830d-67c7ee08cabb","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 3.75%), 7.38%,","page_number":14,"box":{"x":535,"y":613,"width":246,"height":10}},{"id":"463ea722-a818-4132-97c8-67f4115aeec9","block_type":"box","text":"10/15/32","page_number":14,"box":{"x":535,"y":626,"width":41,"height":8}},{"id":"46228c92-7e30-4d52-9195-87afc33f3c61","block_type":"box","text":"(c)","page_number":14,"box":{"x":577,"y":625,"width":9,"height":6}},{"id":"083817c1-236e-4548-8092-65a664d9be56","block_type":"box","text":"..........................................","page_number":14,"box":{"x":591,"y":633,"width":207,"height":1}},{"id":"10e02570-8fb5-44aa-ba93-c1cd8577f626","block_type":"box","text":"1,229 1,155,636","page_number":14,"box":{"x":857,"y":626,"width":117,"height":9}},{"id":"d4f17208-b2ca-4063-acc7-6b89a61ee2cb","block_type":"box","text":"OneDigital Borrower LLC, 2025 Repriced Term Loan,","page_number":14,"box":{"x":521,"y":639,"width":257,"height":10}},{"id":"42bcda4c-b018-4d76-98d5-287176c628de","block_type":"box","text":"(1-mo. CME Term SOFR at 0.50% Floor + 3.00%),","page_number":14,"box":{"x":535,"y":652,"width":244,"height":10}},{"id":"45ea8d27-b27a-4be5-938f-9123109314d0","block_type":"box","text":"6.64%, 07/02/31","page_number":14,"box":{"x":534,"y":665,"width":78,"height":9}},{"id":"39f6483a-73ad-4f73-b0ac-ba71ad2d0e4d","block_type":"box","text":".....................................","page_number":14,"box":{"x":616,"y":671,"width":182,"height":1}},{"id":"e980c7d4-df4b-4222-aaba-a4cb775d45fa","block_type":"box","text":"1,448 1,401,037","page_number":14,"box":{"x":857,"y":665,"width":117,"height":9}},{"id":"99817f7e-f307-400c-bf7b-d0abbf34fe31","block_type":"box","text":"Summit Acquisition, Inc., 2025 Add-on Term Loan, (1-mo.","page_number":14,"box":{"x":521,"y":678,"width":277,"height":9}},{"id":"3f858957-1a86-44d1-90cd-a375e6f5ee69","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 3.50%), 7.14%,","page_number":14,"box":{"x":535,"y":691,"width":246,"height":9}},{"id":"aa868be1-83bc-48b0-ae05-d9fbb3ea8724","block_type":"box","text":"10/16/31","page_number":14,"box":{"x":535,"y":704,"width":40,"height":7}},{"id":"1b4c52e6-504a-4fe4-8a52-90e512d77caf","block_type":"box","text":"............................................","page_number":14,"box":{"x":580,"y":710,"width":218,"height":1}},{"id":"642f38b9-c2ed-4e0a-a880-12a5c1037bfc","block_type":"box","text":"1,454 1,450,470","page_number":14,"box":{"x":857,"y":704,"width":117,"height":9}},{"id":"2f865540-bc71-4180-a69c-ca3092c64b63","block_type":"box","text":"12,990,271","page_number":14,"box":{"x":920,"y":720,"width":52,"height":9}},{"id":"5d0c47e4-f55b-43db-b05c-f8632127bfa4","block_type":"box","text":"Interactive Media & Services — 0.5%","page_number":14,"box":{"x":521,"y":735,"width":190,"height":8}},{"id":"29f77e2e-3c89-4f19-97cb-d66313341f35","block_type":"box","text":"MH Sub I LLC, 2023 Term Loan, (1-mo. CME Term","page_number":14,"box":{"x":521,"y":748,"width":247,"height":10}},{"id":"e7f688d2-e7fb-4d71-a575-fab22488b882","block_type":"box","text":"SOFR at 0.50% Floor + 4.25%), 7.89%, 05/03/28","page_number":14,"box":{"x":535,"y":761,"width":238,"height":10}},{"id":"fb92dd04-e0c6-4934-a048-3ecf4cb5945d","block_type":"box","text":".....","page_number":14,"box":{"x":777,"y":767,"width":21,"height":1}},{"id":"4a761b31-76a2-495b-a80b-10dd6c49c851","block_type":"box","text":"2,741 2,660,684","page_number":14,"box":{"x":856,"y":761,"width":118,"height":9}},{"id":"f4aebbb7-c427-4bb7-bc89-8dadc4829f71","block_type":"box","text":"IT Services — 3.2%","page_number":14,"box":{"x":521,"y":780,"width":99,"height":7}},{"id":"1330a491-eebe-4059-b6b6-565ca0b336be","block_type":"box","text":"Acquia, Inc.","page_number":14,"box":{"x":521,"y":793,"width":56,"height":9}},{"id":"bec9f732-06dc-44b7-9042-578844c34142","block_type":"box","text":"(c)","page_number":14,"box":{"x":579,"y":791,"width":8,"height":6}},{"id":"b26ce775-e344-4536-b3fd-0df2be924ff4","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":14,"box":{"x":535,"y":805,"width":252,"height":10}},{"id":"ecbdc490-a057-4423-847c-649cd77b524c","block_type":"box","text":"6.00%), 9.83%, 10/30/26","page_number":14,"box":{"x":548,"y":818,"width":120,"height":10}},{"id":"02e546c6-338d-4dc1-b694-470707636f8f","block_type":"box","text":"..........................","page_number":14,"box":{"x":671,"y":825,"width":127,"height":1}},{"id":"ed27bcbf-f968-41b3-b114-33a996738e55","block_type":"box","text":"36 33,003","page_number":14,"box":{"x":872,"y":818,"width":102,"height":9}},{"id":"d56bdd2c-99fe-4bd9-80ed-fc6c06c4a39c","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":14,"box":{"x":534,"y":831,"width":262,"height":10}},{"id":"f4328ffb-ce8b-42ad-86f7-774798100d30","block_type":"box","text":"6.00%), 9.83%, 10/30/26","page_number":14,"box":{"x":548,"y":844,"width":120,"height":10}},{"id":"ee8f42ab-9b48-4554-a8cf-3b272f71578f","block_type":"box","text":"..........................","page_number":14,"box":{"x":671,"y":850,"width":127,"height":2}},{"id":"98a5ec7a-4872-45f3-a6d1-57455d81dfbe","block_type":"box","text":"481 441,468","page_number":14,"box":{"x":865,"y":844,"width":109,"height":9}},{"id":"9baea5d2-62c3-4363-98bc-dfaee8aba66b","block_type":"box","text":"Consolidated Schedule of Investments","page_number":14,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"e023757f-cae6-482f-a03d-c327a4d6f143","block_type":"box","text":"(unaudited) (continued)","page_number":14,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"f2b3565e-a181-4b1b-9105-bdba0a6dc971","block_type":"box","text":"June 30, 2026","page_number":14,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"fbca971a-f07c-4213-b5f0-c2c610776aff","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":14,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"dd755776-beb4-4997-8d89-2d7a813f8ca1","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":14,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"acc48858-7241-4671-acd2-42e4d73f0e9a","block_type":"box","text":"14","page_number":14,"box":{"x":31,"y":965,"width":13,"height":9}},{"id":"09418b7a-ea15-4188-a248-cd89530f1d64","block_type":"box","text":"2026","page_number":14,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"2f546b54-f2d2-42bb-a637-38801b1df60d","block_type":"box","text":"B","page_number":14,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"e0eadbc3-108f-483b-a609-6688f9178a49","block_type":"box","text":"LACK","page_number":14,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"a6368e5a-25f5-4aaf-a6da-a11efa47467c","block_type":"box","text":"R","page_number":14,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"6e20510e-fea4-41e5-84d6-6683de8f9b48","block_type":"box","text":"OCK","page_number":14,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"d99740c5-42c7-49cf-b2cc-509e540fce54","block_type":"box","text":"S","page_number":14,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"7206c14b-1fdf-4c6c-ad79-64dd4fc55f6b","block_type":"box","text":"EMI","page_number":14,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"2291de18-e239-4e2c-ab4d-d904d4b145f7","block_type":"box","text":"-A","page_number":14,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"df55e142-a14b-428b-88f1-b3e8c21ffd24","block_type":"box","text":"NNUAL","page_number":14,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"c0511496-607e-4db1-89b5-1dc18b7c81e8","block_type":"box","text":"NM0826U-5876566-14/56 R EPORT TO S HARE","page_number":14,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"31390b84-79f9-458d-a24d-43977912d18a","block_type":"box","text":"NM\r\nR","page_number":14,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"cc6a652b-4d24-477d-8103-84d58ee169db","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":14,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"191aa902-8b03-4153-ae80-e264dd2a3c42","block_type":"box","text":"66\r\nS","page_number":14,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"13d4a8e6-65cd-4b98-8a79-5ad9c713c9a6","block_type":"box","text":"-14/56 \r\nHAREHOLDERS","page_number":14,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"30625c25-14d8-4440-ac2e-3d317510c383","block_type":"box","text":"Security","page_number":15,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"39a3ed1c-a6a7-4cf2-a16e-3bd00f1f63c8","block_type":"box","text":"Par","page_number":15,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"80979118-9748-4ff6-a99e-42d875fbab21","block_type":"box","text":"(000) Value","page_number":15,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"59bdaf97-28d9-45cf-a02e-c2345cbbeab0","block_type":"box","text":"IT Services (continued)","page_number":15,"box":{"x":30,"y":119,"width":120,"height":10}},{"id":"f619f9d3-cde0-46bc-a587-0918b039d57c","block_type":"box","text":"Applause App Quality, Inc.","page_number":15,"box":{"x":30,"y":132,"width":127,"height":10}},{"id":"35e748bf-4081-42f2-a004-c0185b1dbd7e","block_type":"box","text":"(c)","page_number":15,"box":{"x":159,"y":130,"width":8,"height":7}},{"id":"3709e8ea-2f7c-4b86-a168-97ee4d5b8774","block_type":"box","text":"2024 7th Amendment Refinancing Revolver, (3-mo.","page_number":15,"box":{"x":43,"y":145,"width":249,"height":9}},{"id":"2461e7a2-a960-433f-a99c-93293b1881e8","block_type":"box","text":"CME Term SOFR at 1.50% Floor + 6.00%), 9.68%,","page_number":15,"box":{"x":57,"y":158,"width":247,"height":9}},{"id":"4da0853e-3cd9-494f-9070-e227ce29e907","block_type":"box","text":"10/24/29","page_number":15,"box":{"x":58,"y":171,"width":41,"height":7}},{"id":"a92d2ca5-0673-4568-801f-ab889b1fb357","block_type":"box","text":".........................................","page_number":15,"box":{"x":105,"y":177,"width":202,"height":1}},{"id":"cfe9e417-7ee8-4c2e-b391-0cd4bafdec9c","block_type":"box","text":"USD 1 $ 754","page_number":15,"box":{"x":320,"y":170,"width":163,"height":9}},{"id":"8cc8a95d-64e3-4ba9-b05a-952583c7bc81","block_type":"box","text":"2024 7th Amendment Refinancing Term Loan, (3-mo.","page_number":15,"box":{"x":43,"y":183,"width":258,"height":10}},{"id":"c37cd6cc-0eac-44cc-aea3-b93073658d92","block_type":"box","text":"CME Term SOFR at 1.50% Floor + 6.00%), 9.74%,","page_number":15,"box":{"x":57,"y":196,"width":247,"height":10}},{"id":"1be2af0d-9d26-4c45-803a-d5d21c02527e","block_type":"box","text":"10/24/29","page_number":15,"box":{"x":58,"y":209,"width":41,"height":8}},{"id":"7fe9c1a4-d19e-4f93-9389-14416e6ebfc2","block_type":"box","text":".........................................","page_number":15,"box":{"x":105,"y":216,"width":202,"height":1}},{"id":"0b35c84c-0b6e-4aa9-8c7d-8175c3727d04","block_type":"box","text":"81 75,475","page_number":15,"box":{"x":381,"y":209,"width":102,"height":9}},{"id":"664ebff8-30b0-4989-b5f0-51ff20f98e88","block_type":"box","text":"Delta TopCo, Inc., 2025 Term Loan B, (3-mo. CME Term","page_number":15,"box":{"x":31,"y":222,"width":271,"height":10}},{"id":"33bba62a-87ca-4a66-8e1b-129b8ad0ba69","block_type":"box","text":"SOFR at 0.00% Floor + 2.75%), 6.40%, 11/30/29","page_number":15,"box":{"x":44,"y":235,"width":237,"height":10}},{"id":"6b48ca16-c095-4297-afc2-48745e60628a","block_type":"box","text":".....","page_number":15,"box":{"x":286,"y":241,"width":22,"height":2}},{"id":"3eb8d6c8-4284-433a-ab15-9729982f83d4","block_type":"box","text":"4,633 4,375,826","page_number":15,"box":{"x":365,"y":235,"width":118,"height":9}},{"id":"24f5a617-3501-4d9c-878a-f4445ede5261","block_type":"box","text":"HS Purchaser LLC, 2025 1st Lien Term Loan, (3-mo.","page_number":15,"box":{"x":31,"y":248,"width":255,"height":10}},{"id":"c3143a4d-ce89-4105-bd6c-044897609a5d","block_type":"box","text":"CME Term SOFR at 2.00% Floor + 6.00%), 9.77%,","page_number":15,"box":{"x":44,"y":261,"width":246,"height":9}},{"id":"2b9bb3c7-36b1-4937-8d42-c200f853e118","block_type":"box","text":"05/21/29","page_number":15,"box":{"x":44,"y":274,"width":42,"height":7}},{"id":"9c157d3f-f8be-44f9-a906-b51be2bd2da4","block_type":"box","text":"............................................","page_number":15,"box":{"x":90,"y":280,"width":217,"height":1}},{"id":"e659e652-bfd7-4c3f-ae10-be6b0fac9878","block_type":"box","text":"3,832 2,885,047","page_number":15,"box":{"x":366,"y":274,"width":117,"height":9}},{"id":"6c4c2d79-eab1-4f50-ac4e-fae1ad105808","block_type":"box","text":"Intercept Bidco, Inc., Term Loan, (1-day CME Term","page_number":15,"box":{"x":31,"y":287,"width":246,"height":9}},{"id":"0b6dd62b-d64e-4596-b61e-20f4e86f2dd9","block_type":"box","text":"SOFR at 1.00% Floor + 5.75%), 9.41%, 06/03/30","page_number":15,"box":{"x":44,"y":299,"width":238,"height":10}},{"id":"3664b804-b084-4351-a3b7-73810bec6735","block_type":"box","text":"(c)","page_number":15,"box":{"x":283,"y":298,"width":9,"height":6}},{"id":"9baab754-8f9c-4b81-a306-0a4dd3fa385a","block_type":"box","text":"...","page_number":15,"box":{"x":296,"y":306,"width":12,"height":1}},{"id":"3bdde4e2-ae46-450d-9344-9c53070b4ade","block_type":"box","text":"3,602 3,537,246","page_number":15,"box":{"x":366,"y":300,"width":117,"height":8}},{"id":"a50046b6-91f2-4b8a-a35e-bdd0fb861539","block_type":"box","text":"Madison Logic Holdings, Inc., Term Loan, (1-mo. CME","page_number":15,"box":{"x":31,"y":312,"width":263,"height":10}},{"id":"4ee00eb2-3a6c-4e7a-bef0-e00d16223423","block_type":"box","text":"Term SOFR + 7.00%), 10.64%, 12/30/28","page_number":15,"box":{"x":43,"y":325,"width":198,"height":10}},{"id":"644b2947-d451-4d2c-9e8d-b24d80604691","block_type":"box","text":"(c)","page_number":15,"box":{"x":242,"y":324,"width":9,"height":6}},{"id":"88d0f285-23bb-4d5a-903d-745555745ab5","block_type":"box","text":"...........","page_number":15,"box":{"x":256,"y":332,"width":52,"height":1}},{"id":"c257f353-6f20-40b6-9f60-1c61bc2feec4","block_type":"box","text":"89 74,942","page_number":15,"box":{"x":381,"y":325,"width":102,"height":9}},{"id":"ea862fba-ff21-4bcb-ae7f-eb7782af2a95","block_type":"box","text":"Oceankey U.S. II Corp., 2021 Term Loan, (1-mo. CME","page_number":15,"box":{"x":30,"y":338,"width":264,"height":10}},{"id":"3050da97-d327-43b7-919e-eb26224f9d92","block_type":"box","text":"Term SOFR + 3.50%), 7.24%, 12/15/28","page_number":15,"box":{"x":43,"y":351,"width":192,"height":10}},{"id":"a580bfa7-0aae-41e3-ad6a-f08a82597b90","block_type":"box","text":"..............","page_number":15,"box":{"x":241,"y":357,"width":67,"height":2}},{"id":"3810d083-3aad-45cc-b29f-3507039d2dc1","block_type":"box","text":"2,176 2,080,696","page_number":15,"box":{"x":365,"y":351,"width":118,"height":9}},{"id":"724a8162-c265-4396-b431-4d6886123887","block_type":"box","text":"SMX Group LLC, Term Loan, (1-mo. CME Term SOFR at","page_number":15,"box":{"x":30,"y":364,"width":277,"height":10}},{"id":"e7055812-acb2-46a4-aaf1-3e1f7ad5e0a7","block_type":"box","text":"0.00% Floor + 4.50%), 8.14%, 02/06/32","page_number":15,"box":{"x":44,"y":377,"width":192,"height":9}},{"id":"e8ff5ad5-6dfc-4f46-821b-9eca5cca5935","block_type":"box","text":"..............","page_number":15,"box":{"x":241,"y":383,"width":67,"height":1}},{"id":"c21303e6-73e7-47ac-8c1e-6b82c1424474","block_type":"box","text":"2,438 2,339,156","page_number":15,"box":{"x":365,"y":377,"width":118,"height":9}},{"id":"950f5943-5656-4720-8265-dcc682c02d01","block_type":"box","text":"Suited Connector LLC","page_number":15,"box":{"x":30,"y":390,"width":108,"height":7}},{"id":"d90d5f4f-ac82-45fc-9dc7-87eeca661834","block_type":"box","text":"(c)","page_number":15,"box":{"x":139,"y":388,"width":8,"height":6}},{"id":"2ff50403-3e8d-44ba-9906-10a3b960b784","block_type":"box","text":"2026 Delayed Draw Term Loan, (6-mo. CME Term","page_number":15,"box":{"x":43,"y":403,"width":244,"height":9}},{"id":"115262a2-a697-4d36-827c-623c7de8b22d","block_type":"box","text":"SOFR at 1.00% Floor + 6.00%), 9.73%, 03/29/30","page_number":15,"box":{"x":57,"y":415,"width":238,"height":10}},{"id":"f3dd2e67-da09-49e4-9709-48baab050724","block_type":"box","text":"..","page_number":15,"box":{"x":301,"y":422,"width":7,"height":1}},{"id":"dda26e7e-0020-4b64-8cb8-f3bf5e8fbff3","block_type":"box","text":"73 73,351","page_number":15,"box":{"x":381,"y":416,"width":100,"height":8}},{"id":"2ea41279-0e3c-408e-869a-0fc9fc83ae67","block_type":"box","text":"Revolver, (6-mo. CME Term SOFR at 1.00% Floor +","page_number":15,"box":{"x":44,"y":428,"width":252,"height":10}},{"id":"383f7e4e-9233-4a5d-912d-ab6fa969153c","block_type":"box","text":"6.00%), 9.66%, 03/29/30","page_number":15,"box":{"x":57,"y":441,"width":120,"height":10}},{"id":"ca116cb7-1598-4a29-9d05-2a5c3c1cf543","block_type":"box","text":"..........................","page_number":15,"box":{"x":180,"y":448,"width":127,"height":1}},{"id":"34850ea3-0949-49ea-b1fe-e9da3ee55a4e","block_type":"box","text":"911 911,013","page_number":15,"box":{"x":376,"y":441,"width":107,"height":9}},{"id":"1163ea31-a8ce-4f2e-9ca9-329c73296770","block_type":"box","text":"16,827,977","page_number":15,"box":{"x":429,"y":457,"width":54,"height":9}},{"id":"8f3f25eb-d7c4-4397-9be8-3c18f7ee7eae","block_type":"box","text":"Leisure Products — 0.3%","page_number":15,"box":{"x":31,"y":473,"width":130,"height":8}},{"id":"2acd454e-170c-423d-b197-f46012110b42","block_type":"box","text":"GSM Holdings, Inc., 2024 Term Loan B, (3-mo. CME","page_number":15,"box":{"x":30,"y":486,"width":256,"height":9}},{"id":"6449d421-55a1-4412-bf0e-1a667d4e19e3","block_type":"box","text":"Term SOFR at 1.00% Floor + 5.00%), 8.73%,","page_number":15,"box":{"x":43,"y":499,"width":220,"height":9}},{"id":"401f027c-1ab9-4848-b767-e3359b005f21","block_type":"box","text":"09/30/31","page_number":15,"box":{"x":44,"y":512,"width":40,"height":7}},{"id":"8ab44b5f-832e-454d-83c9-70c1df3361a6","block_type":"box","text":"............................................","page_number":15,"box":{"x":90,"y":518,"width":217,"height":1}},{"id":"2ec9df94-da76-4c2e-b8f8-a249c713a5b1","block_type":"box","text":"1,466 1,465,784","page_number":15,"box":{"x":366,"y":512,"width":117,"height":8}},{"id":"4d1a3886-3412-4850-9cb7-c96628155049","block_type":"box","text":"Life Sciences Tools & Services — 2.0%","page_number":15,"box":{"x":31,"y":530,"width":201,"height":8}},{"id":"a7b13ac7-43fb-489b-bf5d-faea750b7caa","block_type":"box","text":"Advarra Holdings, Inc., 2025 Incremental Term Loan,","page_number":15,"box":{"x":30,"y":543,"width":256,"height":10}},{"id":"d541e6fd-528c-482c-8619-800845298fde","block_type":"box","text":"(1-mo. CME Term SOFR at 0.75% Floor + 4.50%),","page_number":15,"box":{"x":44,"y":556,"width":244,"height":10}},{"id":"0b448985-8c77-49ba-9e7a-2096f9c885a6","block_type":"box","text":"8.14%, 09/15/31","page_number":15,"box":{"x":44,"y":569,"width":77,"height":9}},{"id":"592b2f6a-b29b-46fd-a310-17ad8f6b86e2","block_type":"box","text":"(c)","page_number":15,"box":{"x":124,"y":568,"width":9,"height":6}},{"id":"3e5e3bd1-e0b2-4f57-bcfc-d5039917624f","block_type":"box","text":"...................................","page_number":15,"box":{"x":135,"y":575,"width":172,"height":1}},{"id":"850898a2-905c-429c-9d0d-f64a609d6ee0","block_type":"box","text":"6,048 6,048,224","page_number":15,"box":{"x":365,"y":569,"width":118,"height":9}},{"id":"805da977-727e-4de8-ba8c-a439b937d838","block_type":"box","text":"Alcami Corp.","page_number":15,"box":{"x":30,"y":582,"width":62,"height":9}},{"id":"9e9c048f-c105-486b-a0ce-88d399543613","block_type":"box","text":"(c)","page_number":15,"box":{"x":93,"y":580,"width":9,"height":6}},{"id":"3a17f36a-19ee-41ae-b9b4-10398617b48f","block_type":"box","text":"2026 2nd Amendment Revolver, (3-mo. CME Term","page_number":15,"box":{"x":43,"y":595,"width":246,"height":9}},{"id":"4c81a595-ce47-4db1-9734-c84e35a57d06","block_type":"box","text":"SOFR at 1.00% Floor + 5.50%), 9.26%, 12/21/29","page_number":15,"box":{"x":57,"y":608,"width":238,"height":9}},{"id":"4ab7a7b8-4e09-4b5e-ae50-1f33725ecff0","block_type":"box","text":"..","page_number":15,"box":{"x":301,"y":614,"width":7,"height":1}},{"id":"2228cd8b-ed37-4814-8ddb-08eb61acf00b","block_type":"box","text":"1 588","page_number":15,"box":{"x":388,"y":608,"width":95,"height":7}},{"id":"035aa362-6b02-4ca9-ba30-c3f38562344a","block_type":"box","text":"2026-1 Refinancing Closing Date Delayed Draw Term","page_number":15,"box":{"x":43,"y":620,"width":261,"height":10}},{"id":"0ebc449d-3672-4570-beb0-ab98ff3c0e60","block_type":"box","text":"Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":15,"box":{"x":57,"y":633,"width":234,"height":10}},{"id":"02529433-31fd-4d49-b367-6cbae66844c4","block_type":"box","text":"5.50%), 9.23%, 12/21/29","page_number":15,"box":{"x":57,"y":646,"width":120,"height":10}},{"id":"57aaaeac-4ecf-4501-927f-1c36ccc81a74","block_type":"box","text":"..........................","page_number":15,"box":{"x":180,"y":653,"width":127,"height":1}},{"id":"4203883f-f7af-440e-bebb-366c7901ad5e","block_type":"box","text":"5 5,014","page_number":15,"box":{"x":387,"y":646,"width":96,"height":9}},{"id":"8345da16-20d6-4c94-9272-09c95708dbe1","block_type":"box","text":"2026-1 Term Loan, (3-mo. CME Term SOFR +","page_number":15,"box":{"x":43,"y":659,"width":225,"height":10}},{"id":"de1ed6a5-2fdc-4b83-a2f5-29a18b2b2df2","block_type":"box","text":"5.50%), 9.17%, 12/21/29","page_number":15,"box":{"x":57,"y":672,"width":120,"height":10}},{"id":"5ceb212e-7017-4e54-8857-82ab4acda8c4","block_type":"box","text":"..........................","page_number":15,"box":{"x":180,"y":678,"width":127,"height":2}},{"id":"a589b65d-f8f4-4f6b-95c4-578d1ad45ea6","block_type":"box","text":"69 68,298","page_number":15,"box":{"x":381,"y":672,"width":102,"height":9}},{"id":"1e3a86dd-1b9d-4be1-b80d-817b2ebb8129","block_type":"box","text":"WCG Intermediate Corp., 2026 Term Loan B, (1-mo.","page_number":15,"box":{"x":30,"y":685,"width":254,"height":10}},{"id":"2644bac6-0d41-43c2-ac15-e4ca4ef9ba37","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 2.75%), 6.39%,","page_number":15,"box":{"x":44,"y":698,"width":246,"height":9}},{"id":"20832085-4e46-4cec-8f6a-245150879fd7","block_type":"box","text":"02/25/32","page_number":15,"box":{"x":44,"y":711,"width":41,"height":7}},{"id":"b1a3b002-a84a-47f3-abfa-e1d37f762c66","block_type":"box","text":"............................................","page_number":15,"box":{"x":90,"y":717,"width":217,"height":1}},{"id":"79c07817-fcf1-4ab5-b224-587651934849","block_type":"box","text":"4,090 4,056,641","page_number":15,"box":{"x":365,"y":711,"width":116,"height":9}},{"id":"1a807882-36c4-49b8-8638-bbbe35f16c07","block_type":"box","text":"10,178,765","page_number":15,"box":{"x":429,"y":727,"width":54,"height":9}},{"id":"c674b725-1dd4-4595-8c7e-22e46eeab8fe","block_type":"box","text":"Machinery — 1.7%","page_number":15,"box":{"x":31,"y":742,"width":95,"height":10}},{"id":"831f7d72-c9d3-4249-8266-0f4c581d150d","block_type":"box","text":"LSF12 Helix Parent LLC, USD Term Loan B, (1-mo.","page_number":15,"box":{"x":31,"y":755,"width":249,"height":10}},{"id":"12567b8b-b61d-4d9e-83c2-ddc05a1fac0c","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 3.50%), 7.14%,","page_number":15,"box":{"x":44,"y":768,"width":246,"height":10}},{"id":"e452e6a0-39cb-42fa-960a-7d127d169c80","block_type":"box","text":"02/10/33","page_number":15,"box":{"x":44,"y":781,"width":42,"height":8}},{"id":"e47dd289-9540-4700-b531-65a6ed819480","block_type":"box","text":"............................................","page_number":15,"box":{"x":90,"y":787,"width":217,"height":1}},{"id":"18d7ac64-bc83-4ec4-8d29-bee2b2c03a31","block_type":"box","text":"3,643 3,571,182","page_number":15,"box":{"x":366,"y":781,"width":117,"height":9}},{"id":"faa9de13-8838-4102-8f02-ce7f54cec37d","block_type":"box","text":"Sonny’s Enterprises LLC","page_number":15,"box":{"x":30,"y":794,"width":121,"height":10}},{"id":"4f6c3d9e-a970-453b-a752-64d8ee7040fc","block_type":"box","text":"(c)","page_number":15,"box":{"x":152,"y":792,"width":8,"height":7}},{"id":"97fd1afa-1970-42bf-a9cd-7ad035707eb8","block_type":"box","text":"2023 Restatement Date Term Loan, (3-mo. CME Term","page_number":15,"box":{"x":43,"y":807,"width":264,"height":9}},{"id":"5554f387-44b2-4a94-9b42-282d2e773a88","block_type":"box","text":"SOFR at 1.00% Floor + 6.75%), 9.30%, 08/05/28","page_number":15,"box":{"x":57,"y":820,"width":238,"height":9}},{"id":"3552926e-bc58-4fdd-bbd2-cccb886d5e44","block_type":"box","text":"..","page_number":15,"box":{"x":301,"y":826,"width":7,"height":1}},{"id":"5ab61498-faa8-45cf-a7d8-621e765adc74","block_type":"box","text":"3,738 3,584,422","page_number":15,"box":{"x":366,"y":820,"width":117,"height":9}},{"id":"c64bf9fc-e7fd-42c0-b688-ce84c2be0eb9","block_type":"box","text":"Security","page_number":15,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"f8bdef97-609e-41e0-b3a7-90f16acaf80d","block_type":"box","text":"Par","page_number":15,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"deb714c2-21ef-40c7-ac99-b997f7ab8d20","block_type":"box","text":"(000) Value","page_number":15,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"d9414889-d197-4605-bf95-09c1b546df41","block_type":"box","text":"Machinery (continued)","page_number":15,"box":{"x":521,"y":119,"width":117,"height":10}},{"id":"8857759a-f064-4065-821b-79e7abdf1049","block_type":"box","text":"Sonny’s Enterprises LLC","page_number":15,"box":{"x":521,"y":132,"width":120,"height":10}},{"id":"1e68d227-0e23-49d4-986d-e55083347754","block_type":"box","text":"(c)","page_number":15,"box":{"x":642,"y":130,"width":9,"height":7}},{"id":"2155512b-e2ab-43cf-b51f-b901aefa3384","block_type":"box","text":"(continued)","page_number":15,"box":{"x":655,"y":132,"width":54,"height":10}},{"id":"1936c565-8c91-42f5-8212-5aab0cb836de","block_type":"box","text":"2024 1st Amendment Delayed Draw Term Loan, (3-","page_number":15,"box":{"x":534,"y":145,"width":251,"height":9}},{"id":"db51175a-ccd1-42aa-a03e-1b4a5849fb46","block_type":"box","text":"mo. CME Term SOFR at 1.00% Floor + 5.50%),","page_number":15,"box":{"x":548,"y":158,"width":231,"height":9}},{"id":"0ff1efc6-9a3a-43e4-b088-f820fcbc9d45","block_type":"box","text":"9.31%, 08/05/28","page_number":15,"box":{"x":548,"y":171,"width":79,"height":9}},{"id":"4e2e79b7-837e-49ed-8b2c-b64b4a73ac62","block_type":"box","text":"..................................","page_number":15,"box":{"x":631,"y":177,"width":167,"height":1}},{"id":"b8dd269d-2b1e-4c34-a5e0-5100d82fe6f7","block_type":"box","text":"USD 92 $ 88,504","page_number":15,"box":{"x":810,"y":170,"width":164,"height":10}},{"id":"e4b297e3-0c2a-4504-a279-ef3881c9fd31","block_type":"box","text":"TK Elevator U.S. Newco, Inc., 2025 USD Term Loan B,","page_number":15,"box":{"x":521,"y":183,"width":267,"height":9}},{"id":"68d6d019-d1df-451d-a041-042394ba1923","block_type":"box","text":"(6-mo. CME Term SOFR at 0.50% Floor + 2.75%),","page_number":15,"box":{"x":535,"y":196,"width":244,"height":10}},{"id":"cb95314a-dde5-46c5-8bb2-a6f00bd2be41","block_type":"box","text":"6.38%, 04/30/30","page_number":15,"box":{"x":534,"y":209,"width":80,"height":9}},{"id":"58c9ea8c-598a-431f-b8ef-4d97a7b14c1e","block_type":"box","text":".....................................","page_number":15,"box":{"x":616,"y":216,"width":182,"height":1}},{"id":"115dcab8-8248-423e-beae-31b1bb39ce84","block_type":"box","text":"1,339 1,344,513","page_number":15,"box":{"x":857,"y":209,"width":117,"height":9}},{"id":"35472261-c0bf-431f-acf6-832271a2ec7d","block_type":"box","text":"8,588,621","page_number":15,"box":{"x":926,"y":225,"width":46,"height":9}},{"id":"a014adcc-6cc8-4b48-8c2b-7abecc8442c6","block_type":"box","text":"Media — 0.9%","page_number":15,"box":{"x":521,"y":241,"width":73,"height":8}},{"id":"12753746-11f0-40cc-a445-0cd0ca80c980","block_type":"box","text":"CMG Media Corp., 2024 Term Loan, (3-mo. CME Term","page_number":15,"box":{"x":521,"y":254,"width":266,"height":9}},{"id":"1ad1aea8-404d-4821-bb5e-2ddff11e627c","block_type":"box","text":"SOFR at 0.00% Floor + 3.60%), 7.33%, 06/18/29","page_number":15,"box":{"x":535,"y":267,"width":238,"height":9}},{"id":"39e2cf97-37c3-47f5-9229-7849ed316b43","block_type":"box","text":".....","page_number":15,"box":{"x":777,"y":273,"width":21,"height":1}},{"id":"4e763615-29da-4d9f-9c2b-0f82dcabe5e7","block_type":"box","text":"1,501 1,352,974","page_number":15,"box":{"x":857,"y":267,"width":117,"height":9}},{"id":"685fa233-82d8-4082-97cc-d4dc4db8b474","block_type":"box","text":"MSM Acquisitions, Inc.","page_number":15,"box":{"x":521,"y":279,"width":110,"height":10}},{"id":"7188a061-edd3-4c51-bf3d-1c0b29284665","block_type":"box","text":"(c)(d)(j)(l)","page_number":15,"box":{"x":632,"y":278,"width":33,"height":6}},{"id":"a7459c4f-60c0-498a-ade7-1e97e602a7c4","block_type":"box","text":"2021 Delayed Draw Term Loan, 12/09/26","page_number":15,"box":{"x":534,"y":292,"width":200,"height":10}},{"id":"0a47aca6-d242-4582-812c-6cf4792ebc09","block_type":"box","text":".............","page_number":15,"box":{"x":737,"y":299,"width":61,"height":1}},{"id":"bc14fd86-99e6-4f84-9af1-a7382f5e4e65","block_type":"box","text":"83 50,551","page_number":15,"box":{"x":872,"y":292,"width":100,"height":9}},{"id":"7f279cf0-87c7-4fa6-9270-884f1640a42e","block_type":"box","text":"Delayed Draw Term Loan, 12/09/26","page_number":15,"box":{"x":535,"y":305,"width":172,"height":10}},{"id":"74a68306-8f54-4c0b-8564-84f8275f747a","block_type":"box","text":"..................","page_number":15,"box":{"x":712,"y":312,"width":86,"height":1}},{"id":"de061b3e-882c-43c8-b39b-d20c7bff12e5","block_type":"box","text":"357 217,760","page_number":15,"box":{"x":866,"y":305,"width":108,"height":9}},{"id":"c743bd9f-3934-4687-8f07-6c152f401a62","block_type":"box","text":"Revolver, 12/09/26","page_number":15,"box":{"x":535,"y":318,"width":90,"height":9}},{"id":"32c74b88-687c-493a-9823-014c294240b9","block_type":"box","text":"..................................","page_number":15,"box":{"x":631,"y":324,"width":167,"height":2}},{"id":"6b023172-552b-47d0-b153-9a11672ce9f0","block_type":"box","text":"150 91,310","page_number":15,"box":{"x":866,"y":318,"width":108,"height":9}},{"id":"96353997-e001-4af5-86b4-bbca72ee54bd","block_type":"box","text":"Term Loan, 12/09/26","page_number":15,"box":{"x":534,"y":331,"width":101,"height":9}},{"id":"e98b3255-9252-40dd-ab2a-f25251319f42","block_type":"box","text":"................................","page_number":15,"box":{"x":641,"y":337,"width":157,"height":2}},{"id":"df1de7f2-1af8-4869-972d-840b486cf13e","block_type":"box","text":"1,083 660,471","page_number":15,"box":{"x":857,"y":331,"width":115,"height":9}},{"id":"cb5c0be2-85f3-41f1-b89b-bf22f57c2406","block_type":"box","text":"NEP Group, Inc., 2025 Term Loan B, (1-mo. CME Term","page_number":15,"box":{"x":521,"y":344,"width":268,"height":10}},{"id":"91d445cc-28d9-4cad-8eba-9f427f064de8","block_type":"box","text":"SOFR at 0.00% Floor + 4.50%), 8.14%, 10/17/31","page_number":15,"box":{"x":535,"y":357,"width":236,"height":9}},{"id":"eb8a056a-5b06-4008-ae11-92a0c2d0ba21","block_type":"box","text":".....","page_number":15,"box":{"x":777,"y":363,"width":21,"height":1}},{"id":"dc37194f-9f45-4571-805d-3867d2ce1899","block_type":"box","text":"2,522 2,370,053","page_number":15,"box":{"x":856,"y":357,"width":118,"height":9}},{"id":"79532511-ee0d-40b5-86a3-a59b45a0ec06","block_type":"box","text":"4,743,119","page_number":15,"box":{"x":926,"y":373,"width":48,"height":9}},{"id":"baa36fa8-1db8-467a-b940-16f2dca35041","block_type":"box","text":"Metals & Mining — 0.3%","page_number":15,"box":{"x":521,"y":388,"width":125,"height":10}},{"id":"3cfeec60-da2f-4069-940f-423b43be0f9a","block_type":"box","text":"Star Holding LLC, 2024 1st Lien Term Loan B, (1-mo.","page_number":15,"box":{"x":521,"y":401,"width":258,"height":10}},{"id":"a542bd1e-a9eb-46ec-9063-e4ff1b135706","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 4.50%), 8.14%,","page_number":15,"box":{"x":535,"y":414,"width":246,"height":10}},{"id":"7ea223ee-318d-40a2-935f-4cc97028684c","block_type":"box","text":"07/31/31","page_number":15,"box":{"x":534,"y":427,"width":41,"height":8}},{"id":"177f5d43-b547-4f91-9454-1e02914a4c2d","block_type":"box","text":"............................................","page_number":15,"box":{"x":580,"y":433,"width":218,"height":2}},{"id":"c7d51f4f-a9d3-4e30-b0ae-6e6e279a968a","block_type":"box","text":"1,464 1,461,124","page_number":15,"box":{"x":857,"y":427,"width":117,"height":9}},{"id":"97bc1510-f060-4180-8f0e-7820635cdac9","block_type":"box","text":"Oil, Gas & Consumable Fuels — 0.6%","page_number":15,"box":{"x":521,"y":446,"width":194,"height":9}},{"id":"7135889a-9ec6-42ab-ac80-5e8d25e0164e","block_type":"box","text":"Freeport LNG Investments LLLP, 2026 Term Loan B,","page_number":15,"box":{"x":522,"y":459,"width":254,"height":9}},{"id":"177ad736-b2ed-446a-bb01-9f5fb7692144","block_type":"box","text":"(3-mo. CME Term SOFR at 0.00% Floor + 3.25%),","page_number":15,"box":{"x":535,"y":472,"width":244,"height":9}},{"id":"24ff5c47-e744-4db2-92a9-198cb23bfa3e","block_type":"box","text":"6.93%, 02/11/33","page_number":15,"box":{"x":534,"y":484,"width":79,"height":9}},{"id":"a6ede79d-0905-4e2c-acf4-8d734a9c1bc9","block_type":"box","text":".....................................","page_number":15,"box":{"x":616,"y":491,"width":182,"height":1}},{"id":"aef4409c-b613-4e4f-aaae-dab3b371613a","block_type":"box","text":"2,934 2,936,440","page_number":15,"box":{"x":856,"y":485,"width":118,"height":8}},{"id":"008ed187-5890-4766-b684-bf9df924e540","block_type":"box","text":"Paper & Forest Products — 0.0%","page_number":15,"box":{"x":521,"y":503,"width":170,"height":10}},{"id":"20253a42-9f9a-4290-baf4-b82187fa0dd6","block_type":"box","text":"FSK Pallet Holding Corp., Term Loan, (3-mo. CME Term","page_number":15,"box":{"x":522,"y":516,"width":271,"height":10}},{"id":"61eb79ae-9b3d-43e2-bb45-19686a2d73d7","block_type":"box","text":"SOFR + 6.75%), 10.57%, 12/23/26","page_number":15,"box":{"x":535,"y":529,"width":169,"height":10}},{"id":"c83d0a91-bfcf-4d8a-94bb-a2defd93d79d","block_type":"box","text":"(c)","page_number":15,"box":{"x":705,"y":528,"width":9,"height":6}},{"id":"fea3cb82-fd19-43ce-a61f-f5c0301b2c6d","block_type":"box","text":".................","page_number":15,"box":{"x":717,"y":535,"width":81,"height":1}},{"id":"57b225a4-afaa-4ba6-af4b-6cf3b2fea482","block_type":"box","text":"80 78,468","page_number":15,"box":{"x":872,"y":529,"width":102,"height":9}},{"id":"1f001336-bc12-48a9-a39e-6eb5db5637dd","block_type":"box","text":"Passenger Airlines — 0.5%","page_number":15,"box":{"x":521,"y":548,"width":140,"height":9}},{"id":"c3c5d696-f12a-4628-9e7a-d83ac40f2622","block_type":"box","text":"JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME","page_number":15,"box":{"x":521,"y":561,"width":268,"height":9}},{"id":"43a3be0c-5fc3-4251-8266-c3d44cb9431b","block_type":"box","text":"Term SOFR at 0.50% Floor + 4.75%), 8.43%,","page_number":15,"box":{"x":534,"y":573,"width":220,"height":10}},{"id":"1bcaf77d-dabb-414e-ac02-e547c9182fb9","block_type":"box","text":"08/27/29","page_number":15,"box":{"x":534,"y":586,"width":42,"height":8}},{"id":"4ed9f2f6-5678-43e2-91af-8b7e055bff98","block_type":"box","text":"............................................","page_number":15,"box":{"x":580,"y":593,"width":218,"height":1}},{"id":"7a6e8eee-9a32-4332-a61c-bf4f5db09ee1","block_type":"box","text":"1,471 1,305,231","page_number":15,"box":{"x":857,"y":586,"width":115,"height":9}},{"id":"f1994350-d3fc-4c53-8b08-e818ed530dff","block_type":"box","text":"OneSky Flight LLC, 2026 Term Loan B, (1-mo. CME","page_number":15,"box":{"x":521,"y":599,"width":253,"height":10}},{"id":"1466761a-8a34-4fc8-bdf3-5dd58d19f4ca","block_type":"box","text":"Term SOFR at 0.00% Floor + 2.75%), 6.39%,","page_number":15,"box":{"x":534,"y":612,"width":220,"height":10}},{"id":"7cec42d4-dafa-4e39-9fcd-6ac9a41db72a","block_type":"box","text":"02/17/33","page_number":15,"box":{"x":534,"y":625,"width":42,"height":8}},{"id":"103888e1-f142-4d1b-99d2-863d09420548","block_type":"box","text":"............................................","page_number":15,"box":{"x":580,"y":631,"width":218,"height":1}},{"id":"125290ca-25d7-4e44-b5ed-a0a16a828c54","block_type":"box","text":"1,375 1,378,244","page_number":15,"box":{"x":857,"y":625,"width":117,"height":9}},{"id":"da941792-a67f-45d5-949b-fab40a688409","block_type":"box","text":"2,683,475","page_number":15,"box":{"x":925,"y":641,"width":49,"height":9}},{"id":"4b41bbc0-1556-4485-b61f-145b9a22b7b2","block_type":"box","text":"Personal Care Products","page_number":15,"box":{"x":521,"y":657,"width":123,"height":7}},{"id":"1a8a36ab-ad21-4c34-972c-210c2b93ded0","block_type":"box","text":"(c)","page_number":15,"box":{"x":645,"y":655,"width":9,"height":6}},{"id":"45356692-b00a-4c3b-bbf0-769026d78eaf","block_type":"box","text":"— 0.3%","page_number":15,"box":{"x":658,"y":657,"width":38,"height":7}},{"id":"73350035-1a0e-45b2-a420-d4ff0da2183f","block_type":"box","text":"Supergoop LLC","page_number":15,"box":{"x":521,"y":669,"width":76,"height":10}},{"id":"09589c1b-eb46-4ecc-b6be-980e9f7026c8","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR + 5.75%), 9.50%,","page_number":15,"box":{"x":535,"y":682,"width":255,"height":10}},{"id":"e2ab01c8-d560-4c3d-8e0b-aaacdad160f3","block_type":"box","text":"12/29/27","page_number":15,"box":{"x":549,"y":695,"width":41,"height":8}},{"id":"6073aacf-ecf0-4eb1-b4ee-0df1aa7827c5","block_type":"box","text":".........................................","page_number":15,"box":{"x":596,"y":702,"width":202,"height":1}},{"id":"d99c9528-eb05-4a05-9201-67e8a5c817bb","block_type":"box","text":"270 249,392","page_number":15,"box":{"x":865,"y":695,"width":109,"height":9}},{"id":"09057f00-c980-4a7d-a8f5-a5a137892db7","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 0.75% Floor +","page_number":15,"box":{"x":534,"y":708,"width":262,"height":10}},{"id":"d57b0516-7c5c-466d-a906-c3638845fcbd","block_type":"box","text":"5.75%), 9.51%, 12/29/28","page_number":15,"box":{"x":548,"y":721,"width":120,"height":10}},{"id":"8ddb9489-f4ad-46ba-9dc6-09fe6864dd12","block_type":"box","text":"..........................","page_number":15,"box":{"x":671,"y":727,"width":127,"height":2}},{"id":"1280cdad-f5c4-4421-8243-11fc92dd94b4","block_type":"box","text":"1,146 1,056,734","page_number":15,"box":{"x":857,"y":721,"width":117,"height":9}},{"id":"efda203c-31eb-4d40-93dc-7e2642d7fbe8","block_type":"box","text":"1,306,126","page_number":15,"box":{"x":926,"y":737,"width":48,"height":9}},{"id":"2070b453-c11b-4c92-91a2-76d59a9d8d48","block_type":"box","text":"Pharmaceuticals — 0.7%","page_number":15,"box":{"x":521,"y":753,"width":129,"height":7}},{"id":"faf9b193-3732-40fe-8b79-68959d117d58","block_type":"box","text":"Alkermes, Inc., 2026 Term Loan B, (3-mo. CME Term","page_number":15,"box":{"x":521,"y":765,"width":258,"height":10}},{"id":"0d7da6e1-9f35-41e1-a0f4-d4c94934dec4","block_type":"box","text":"SOFR at 0.00% Floor + 2.75%), 6.48%, 08/12/31","page_number":15,"box":{"x":535,"y":778,"width":236,"height":10}},{"id":"ea376547-c46f-4e58-924a-4be6c7afe8b1","block_type":"box","text":"(c)","page_number":15,"box":{"x":774,"y":777,"width":8,"height":6}},{"id":"82f960d1-2e70-4a2a-881d-c2085173f036","block_type":"box","text":"...","page_number":15,"box":{"x":787,"y":785,"width":11,"height":1}},{"id":"0072b0ff-6f78-411a-bcd1-797308b9d5de","block_type":"box","text":"790 792,502","page_number":15,"box":{"x":866,"y":778,"width":108,"height":9}},{"id":"89b32f2e-837b-406c-9099-01966daf0d39","block_type":"box","text":"Amneal Pharmaceuticals LLC, 2026 Term Loan, (1-mo.","page_number":15,"box":{"x":521,"y":791,"width":267,"height":10}},{"id":"301503bf-91a1-4350-817a-fd07c0fb5f0a","block_type":"box","text":"CME Term SOFR at 0.50% Floor + 3.00%), 6.64%,","page_number":15,"box":{"x":535,"y":804,"width":246,"height":10}},{"id":"ab07a55b-29fe-4d0b-9052-13c436e609ee","block_type":"box","text":"08/01/32","page_number":15,"box":{"x":534,"y":817,"width":42,"height":8}},{"id":"c74ed5a0-6e56-4374-a1ca-928776e312de","block_type":"box","text":"............................................","page_number":15,"box":{"x":580,"y":823,"width":218,"height":2}},{"id":"17fa232d-1b6d-425a-974f-c77dd3ad6def","block_type":"box","text":"1,355 1,358,986","page_number":15,"box":{"x":857,"y":817,"width":117,"height":9}},{"id":"84d7853b-dcbc-40a7-923a-96404ec1b02c","block_type":"box","text":"Endo Finance Holdings LP, 2024 1st Lien Term Loan,","page_number":15,"box":{"x":521,"y":830,"width":258,"height":10}},{"id":"940cf2da-aa5f-4efb-b5dc-c4183f14d3c4","block_type":"box","text":"(1-mo. CME Term SOFR at 0.50% Floor + 3.75%),","page_number":15,"box":{"x":535,"y":843,"width":244,"height":9}},{"id":"1400ac5e-eccc-4a38-b57a-7e3f5b6c7f57","block_type":"box","text":"7.39%, 04/23/31","page_number":15,"box":{"x":535,"y":856,"width":77,"height":9}},{"id":"741e4876-bfae-42d9-852b-5616b2cd9547","block_type":"box","text":".....................................","page_number":15,"box":{"x":616,"y":862,"width":182,"height":1}},{"id":"bac6ca1d-867d-44f3-9c46-7feec23be7a2","block_type":"box","text":"1,489 1,488,637","page_number":15,"box":{"x":857,"y":856,"width":117,"height":9}},{"id":"879cb5e4-315a-4c83-811e-8ddf732fbda2","block_type":"box","text":"3,640,125","page_number":15,"box":{"x":926,"y":872,"width":48,"height":9}},{"id":"27c0f59b-4ffc-4d71-8de0-3c5c1a744953","block_type":"box","text":"Consolidated Schedule of Investments","page_number":15,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"ea47768a-a7c6-4d58-929e-2b727aebb434","block_type":"box","text":"(unaudited) (continued)","page_number":15,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"f7612610-c733-44bb-836c-5a182e9a19b3","block_type":"box","text":"June 30, 2026","page_number":15,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"65f7f0c6-51b2-4969-a64d-23508464f82f","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":15,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"53c9cf2e-0ae3-4599-9919-7fc88d4abcb3","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":15,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"efaf2a2c-2e6d-4f3e-a864-0dffa7685f34","block_type":"box","text":"C","page_number":15,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"4e231475-a77e-4d4d-8e27-9d4087d83c20","block_type":"box","text":"ONSOLIDATED","page_number":15,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"89e14379-1240-4c1a-97dc-de9a7cc51f9f","block_type":"box","text":"S","page_number":15,"box":{"x":147,"y":967,"width":6,"height":7}},{"id":"e7ec188d-ec0a-47a0-967d-2a33dfffa736","block_type":"box","text":"CHEDULE OF","page_number":15,"box":{"x":158,"y":969,"width":86,"height":5}},{"id":"c0ed3d15-136d-4d51-8cc4-906a4f7e67e1","block_type":"box","text":"I","page_number":15,"box":{"x":256,"y":967,"width":1,"height":7}},{"id":"ca5f00ba-f967-434a-9cd5-5676218e5ff9","block_type":"box","text":"NVESTMENTS","page_number":15,"box":{"x":263,"y":969,"width":87,"height":5}},{"id":"1960a2e3-970b-4d65-9cf2-2a82d5b68776","block_type":"box","text":"NM0826U-5876566-15/56","page_number":15,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"c80aa145-d321-4e05-b635-fc54873cc780","block_type":"box","text":"15","page_number":15,"box":{"x":955,"y":965,"width":13,"height":9}},{"id":"95950238-a9e0-48fd-98cc-34ede9677d37","block_type":"box","text":"Security","page_number":16,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"22601280-8161-478d-b889-8e0a696128c7","block_type":"box","text":"Par","page_number":16,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"dd14534d-b53c-43ae-83cb-f1426a788140","block_type":"box","text":"(000) Value","page_number":16,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"8ca68da1-7c3a-4497-b028-4af5403de069","block_type":"box","text":"Professional Services — 6.4%","page_number":16,"box":{"x":31,"y":119,"width":155,"height":8}},{"id":"0ce9eb55-5eb0-4eeb-9bb4-c5f97c973d07","block_type":"box","text":"Chronicle Bidco, Inc.","page_number":16,"box":{"x":30,"y":132,"width":100,"height":9}},{"id":"49cf3dee-0c1a-4900-8fed-836c843b7d8f","block_type":"box","text":"(c)","page_number":16,"box":{"x":131,"y":130,"width":9,"height":7}},{"id":"1ab59f42-5f41-4c4c-a21b-9bc16fcbfda5","block_type":"box","text":"2025 Delayed Draw Term Loan, (3-mo. CME Term","page_number":16,"box":{"x":43,"y":145,"width":244,"height":9}},{"id":"c67fae8b-e4e3-4ce0-866f-b0f7558a4833","block_type":"box","text":"SOFR at 1.00% Floor + 5.00%), 8.67%, 04/15/31","page_number":16,"box":{"x":57,"y":158,"width":237,"height":9}},{"id":"2d6a504f-0c49-45f3-9e13-0960096accb9","block_type":"box","text":"..","page_number":16,"box":{"x":301,"y":164,"width":7,"height":1}},{"id":"68a1f768-0fa6-47f1-a653-a90b64b54116","block_type":"box","text":"USD 61 $ 60,644","page_number":16,"box":{"x":320,"y":157,"width":163,"height":10}},{"id":"3608e678-5d4b-4c0d-9a85-c3ce48ff6e51","block_type":"box","text":"2025 Term Loan, (3-mo. CME Term SOFR at 1.00%","page_number":16,"box":{"x":43,"y":171,"width":252,"height":9}},{"id":"154d0324-cebd-4aa8-9152-ca49117e7f8d","block_type":"box","text":"Floor + 5.00%), 8.67%, 04/15/31","page_number":16,"box":{"x":58,"y":183,"width":156,"height":10}},{"id":"45eb4bb2-d1b9-4656-8543-86b92020666d","block_type":"box","text":"..................","page_number":16,"box":{"x":221,"y":190,"width":87,"height":1}},{"id":"33e0ebfb-b898-4a62-b65f-7f4ab9730f9a","block_type":"box","text":"1,086 1,074,885","page_number":16,"box":{"x":366,"y":184,"width":117,"height":8}},{"id":"a61fcc4f-519d-49fb-847c-757fbccb96a6","block_type":"box","text":"Citrin Cooperman Advisors LLC, 2025 Term Loan B,","page_number":16,"box":{"x":30,"y":196,"width":252,"height":10}},{"id":"8d759b32-e5e2-425c-91b8-0df0aaef2ab8","block_type":"box","text":"(3-mo. CME Term SOFR at 0.00% Floor + 3.00%),","page_number":16,"box":{"x":44,"y":209,"width":244,"height":10}},{"id":"7de3d081-8a84-43c9-8d00-45f1f8f9ec02","block_type":"box","text":"6.73%, 04/01/32","page_number":16,"box":{"x":44,"y":222,"width":79,"height":9}},{"id":"d2647b40-b2d1-47ab-b688-da9059a32d70","block_type":"box","text":".....................................","page_number":16,"box":{"x":125,"y":228,"width":182,"height":2}},{"id":"47643da1-c6d2-42cb-9e89-726d9250f2c6","block_type":"box","text":"744 722,044","page_number":16,"box":{"x":375,"y":222,"width":108,"height":9}},{"id":"4b42c40d-ad43-4ccd-91c2-0d8cc50289aa","block_type":"box","text":"CohnReznick LLP, Term Loan, (3-mo. CME Term SOFR","page_number":16,"box":{"x":30,"y":235,"width":271,"height":10}},{"id":"b7fa388e-e439-42c0-8962-4a530bd565c7","block_type":"box","text":"at 0.00% Floor + 3.25%), 6.95%, 03/31/32","page_number":16,"box":{"x":44,"y":248,"width":204,"height":10}},{"id":"e095431a-56fb-4b18-a7c0-a7d06b5b3c3f","block_type":"box","text":"............","page_number":16,"box":{"x":251,"y":254,"width":57,"height":1}},{"id":"d0a1f24b-641a-4b3b-86ce-f2f338b8cbd5","block_type":"box","text":"704 684,679","page_number":16,"box":{"x":375,"y":248,"width":108,"height":9}},{"id":"34a31176-ab80-4ddd-a9f9-80e683daec02","block_type":"box","text":"DTI Holdco, Inc., 2025 Term Loan B, (1-mo. CME Term","page_number":16,"box":{"x":31,"y":261,"width":266,"height":9}},{"id":"9614fbdf-352e-4de6-b3b9-738bb7b14103","block_type":"box","text":"SOFR at 0.75% Floor + 4.00%), 7.64%, 04/26/29","page_number":16,"box":{"x":44,"y":274,"width":238,"height":9}},{"id":"96de98f4-a664-4cf9-88aa-6796c647a8da","block_type":"box","text":".....","page_number":16,"box":{"x":286,"y":280,"width":22,"height":1}},{"id":"402f6e33-5f2c-424c-a01e-73deaf2f322c","block_type":"box","text":"6,397 5,805,246","page_number":16,"box":{"x":365,"y":274,"width":118,"height":9}},{"id":"274a6f93-2ea2-41fa-ae1e-afe13596ccd3","block_type":"box","text":"Grant Thornton Advisors LLC, 2025 Term Loan B, (1-mo.","page_number":16,"box":{"x":30,"y":287,"width":275,"height":9}},{"id":"fb7e963e-4526-4f5b-b2b8-61314d233bee","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 2.75%), 6.39%,","page_number":16,"box":{"x":44,"y":299,"width":246,"height":10}},{"id":"043a8627-684d-4057-8eb7-f5884aa5cb4f","block_type":"box","text":"06/02/31","page_number":16,"box":{"x":44,"y":312,"width":40,"height":8}},{"id":"cd33290f-e883-4049-91e8-185e20127c59","block_type":"box","text":"............................................","page_number":16,"box":{"x":90,"y":319,"width":217,"height":1}},{"id":"6f8370bf-cd86-448e-9fab-60a2e07e86c1","block_type":"box","text":"1,664 1,580,465","page_number":16,"box":{"x":366,"y":312,"width":117,"height":9}},{"id":"c1cc091e-42a1-47c3-8d78-2c2ae1b3014e","block_type":"box","text":"Job & Talent USA, Inc.","page_number":16,"box":{"x":30,"y":325,"width":109,"height":9}},{"id":"14ad497b-f16c-401b-bb4d-503519a90419","block_type":"box","text":"(c)","page_number":16,"box":{"x":140,"y":324,"width":9,"height":6}},{"id":"a64327f8-12ff-464b-b3b1-4ecffbe303f9","block_type":"box","text":"3rd Incremental Term Loan, (1-mo. CME Term SOFR","page_number":16,"box":{"x":44,"y":338,"width":257,"height":10}},{"id":"44b647b6-c506-4f97-85df-a4aabf2c0feb","block_type":"box","text":"at 1.00% Floor + 6.75%), 10.39%, 10/13/28","page_number":16,"box":{"x":57,"y":351,"width":211,"height":10}},{"id":"8066e43e-f25b-470e-878c-ea882f7ffcba","block_type":"box","text":"........","page_number":16,"box":{"x":271,"y":357,"width":37,"height":2}},{"id":"a53ce536-f94d-46fc-86eb-a8c9d515dbee","block_type":"box","text":"2,076 1,976,570","page_number":16,"box":{"x":365,"y":351,"width":118,"height":9}},{"id":"f7999637-2fd2-4b02-94d0-333836243050","block_type":"box","text":"Delayed Draw Term Loan, (1-mo. CME Term SOFR at","page_number":16,"box":{"x":44,"y":364,"width":262,"height":10}},{"id":"bfdd77e8-9633-4a27-a03e-ca2964146ff3","block_type":"box","text":"1.00% Floor + 6.75%), 10.39%, 10/13/28","page_number":16,"box":{"x":58,"y":377,"width":198,"height":9}},{"id":"68dd8319-bd5b-448a-8227-189573a6a553","block_type":"box","text":"..........","page_number":16,"box":{"x":261,"y":383,"width":47,"height":1}},{"id":"cc4fe8c7-4d3b-4a63-84f2-f72c3a6a71cb","block_type":"box","text":"519 494,143","page_number":16,"box":{"x":375,"y":377,"width":108,"height":9}},{"id":"55ace557-08c3-45b1-9cc8-ca01e800397b","block_type":"box","text":"Initial Term Loan, (1-mo. CME Term SOFR at 1.00%","page_number":16,"box":{"x":44,"y":390,"width":252,"height":9}},{"id":"7619f914-5f38-458f-b0ee-e68c93c96e88","block_type":"box","text":"Floor + 6.75%), 10.39%, 10/13/28","page_number":16,"box":{"x":58,"y":403,"width":163,"height":9}},{"id":"ddd60293-e0e3-4240-b5ab-125aa580812b","block_type":"box","text":".................","page_number":16,"box":{"x":226,"y":409,"width":82,"height":1}},{"id":"c472e012-9d65-4304-99fc-37ab441af8bf","block_type":"box","text":"1,557 1,482,428","page_number":16,"box":{"x":366,"y":403,"width":117,"height":9}},{"id":"c9697f51-5cba-45e7-9768-1bcf28bc50e1","block_type":"box","text":"Jobandtalent USA, Inc., 2026 PIK Liquidity Facility, (1-","page_number":16,"box":{"x":30,"y":415,"width":263,"height":10}},{"id":"187b5676-8087-415d-84f7-099e8463bdf0","block_type":"box","text":"mo. CME Term SOFR + 10.00%), 13.64%,","page_number":16,"box":{"x":44,"y":428,"width":205,"height":10}},{"id":"5bd9772c-122b-458f-8c49-0765b337aea1","block_type":"box","text":"10/15/28","page_number":16,"box":{"x":44,"y":441,"width":42,"height":8}},{"id":"34918c72-66c4-4a0f-8d2c-1a546651b7fe","block_type":"box","text":"(c)","page_number":16,"box":{"x":87,"y":440,"width":8,"height":6}},{"id":"4d0f509c-b184-477c-a0d1-4b4af98fa06a","block_type":"box","text":"..........................................","page_number":16,"box":{"x":100,"y":448,"width":207,"height":1}},{"id":"8d83371b-a956-4dca-b484-3e3eaf0b817e","block_type":"box","text":"328 745,188","page_number":16,"box":{"x":375,"y":441,"width":108,"height":9}},{"id":"86da0a00-78ff-4192-babb-99d261ad30e6","block_type":"box","text":"Lighthouse Parent Holdings, Inc.","page_number":16,"box":{"x":31,"y":454,"width":157,"height":10}},{"id":"bbf55792-a338-48ef-a6bf-43732f943969","block_type":"box","text":"(c)","page_number":16,"box":{"x":190,"y":453,"width":8,"height":6}},{"id":"4311f75d-2119-4fc8-bb7c-ca83d98c6aa3","block_type":"box","text":"Delayed Draw Term Loan, (3-mo. CME Term SOFR at","page_number":16,"box":{"x":44,"y":467,"width":262,"height":10}},{"id":"4df87863-59e2-430a-890b-a0599f40fe25","block_type":"box","text":"0.75% Floor + 5.00%), 8.66%, 12/22/31","page_number":16,"box":{"x":57,"y":480,"width":191,"height":10}},{"id":"f76d49f5-9338-44d8-a29b-9ba723b6624a","block_type":"box","text":"............","page_number":16,"box":{"x":251,"y":486,"width":57,"height":1}},{"id":"dbda0ef0-348c-48da-b4f7-b1a8d97f2654","block_type":"box","text":"26 25,565","page_number":16,"box":{"x":381,"y":480,"width":102,"height":9}},{"id":"049ddfdb-d78b-4709-95ff-1d3d4d31481f","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 0.75% Floor +","page_number":16,"box":{"x":43,"y":493,"width":262,"height":9}},{"id":"52f3957e-9da3-44a4-889f-ebbb8adb444b","block_type":"box","text":"5.00%), 8.67%, 12/22/31","page_number":16,"box":{"x":57,"y":506,"width":119,"height":9}},{"id":"51899746-96fd-4f9a-b3c2-8ac17595beac","block_type":"box","text":"..........................","page_number":16,"box":{"x":180,"y":512,"width":127,"height":1}},{"id":"41267f7d-94e0-4ddb-b769-c77d9ae8c2b4","block_type":"box","text":"59 58,370","page_number":16,"box":{"x":381,"y":506,"width":102,"height":9}},{"id":"7b3fe84c-9968-4a3f-a7d5-396fe48b29b0","block_type":"box","text":"Medical Solutions Holdings, Inc.","page_number":16,"box":{"x":31,"y":519,"width":154,"height":9}},{"id":"4110d4e1-449a-49de-b935-2de788783417","block_type":"box","text":"2026 Class A-2 First Out Term Loan, (3-mo. CME","page_number":16,"box":{"x":43,"y":531,"width":240,"height":10}},{"id":"e6fb66ef-472d-472b-845f-077099676da8","block_type":"box","text":"Term SOFR at 0.50% Floor + 5.25%), 9.05%,","page_number":16,"box":{"x":57,"y":544,"width":219,"height":10}},{"id":"10d33bcf-731e-49c9-8633-2c498ff9ed2d","block_type":"box","text":"11/01/30","page_number":16,"box":{"x":58,"y":557,"width":40,"height":8}},{"id":"faa16b0f-8e56-4325-ad28-69d50e49fd92","block_type":"box","text":".........................................","page_number":16,"box":{"x":105,"y":564,"width":202,"height":1}},{"id":"6b4c378f-d9bd-4cde-ac9d-75e28fd4c90d","block_type":"box","text":"—","page_number":16,"box":{"x":382,"y":562,"width":11,"height":0}},{"id":"79b938ea-ee18-4946-b57a-0c5a62a5c9a2","block_type":"box","text":"(m)","page_number":16,"box":{"x":393,"y":556,"width":12,"height":6}},{"id":"984a608b-7eab-4a86-8643-3566f02e49ff","block_type":"box","text":"12","page_number":16,"box":{"x":472,"y":557,"width":11,"height":8}},{"id":"5f5c3b4e-9384-498a-b24f-e6b59f30e95e","block_type":"box","text":"2026 Exchange FLSO Term Loan, (3-mo. CME Term","page_number":16,"box":{"x":43,"y":570,"width":256,"height":10}},{"id":"c291d303-c505-46e8-b9e3-bebb711b8069","block_type":"box","text":"SOFR at 0.50% Floor + 3.60%), 7.30%, 11/01/30","page_number":16,"box":{"x":57,"y":583,"width":237,"height":10}},{"id":"85bfa929-4793-409d-ae3f-e7bd89bfacc0","block_type":"box","text":"...","page_number":16,"box":{"x":296,"y":589,"width":12,"height":2}},{"id":"468fff8f-931c-477d-aa9a-4061733c75c1","block_type":"box","text":"23 4,759","page_number":16,"box":{"x":381,"y":583,"width":102,"height":9}},{"id":"cb9b2b34-6bcb-4779-ba75-0065193314b1","block_type":"box","text":"2026 Exchange FLTO Term Loan, (1-mo. CME Term","page_number":16,"box":{"x":43,"y":596,"width":254,"height":10}},{"id":"f4ed6475-f817-4662-957d-8d3fb60b680e","block_type":"box","text":"SOFR at 2.00% Floor + 7.00%), 10.80%, 11/03/31","page_number":16,"box":{"x":57,"y":609,"width":242,"height":10}},{"id":"e270419b-331f-41b8-8b6b-75126dd83418","block_type":"box","text":".","page_number":16,"box":{"x":306,"y":615,"width":2,"height":1}},{"id":"a4b7dfb2-ce2c-444e-8ca6-eb2b901394be","block_type":"box","text":"39 4,657","page_number":16,"box":{"x":381,"y":609,"width":102,"height":9}},{"id":"8d41166f-e4be-4e8e-9781-10ce93d5f291","block_type":"box","text":"Pico Quantitative Trading Holdings LLC","page_number":16,"box":{"x":31,"y":622,"width":191,"height":9}},{"id":"6437cc59-93c7-4fbc-9fc7-e35636cda98d","block_type":"box","text":"(c)","page_number":16,"box":{"x":223,"y":620,"width":8,"height":6}},{"id":"1028df85-bc00-4a1b-a8e4-437e09f499dd","block_type":"box","text":"2021 Term Loan, (3-mo. CME Term SOFR at 1.50%","page_number":16,"box":{"x":43,"y":635,"width":252,"height":9}},{"id":"d26995a9-a641-4a61-9f19-635bd609a9b9","block_type":"box","text":"Floor + 7.25%), 11.18%, 02/08/27","page_number":16,"box":{"x":58,"y":648,"width":162,"height":9}},{"id":"5b988b7f-a660-46a9-af94-68b40a152137","block_type":"box","text":".................","page_number":16,"box":{"x":226,"y":654,"width":82,"height":1}},{"id":"1d4d6466-beef-4442-aa2f-fb908ead0517","block_type":"box","text":"404 404,055","page_number":16,"box":{"x":374,"y":648,"width":109,"height":8}},{"id":"88fe4dde-9593-422b-ac55-e8d5afb58342","block_type":"box","text":"2024 10th Amendment Term Loan, (1-day CME Term","page_number":16,"box":{"x":43,"y":660,"width":258,"height":10}},{"id":"0adffec8-f63c-4150-85b1-f18ea9a04241","block_type":"box","text":"SOFR at 1.50% Floor + 7.25%), 11.02%, 02/08/27","page_number":16,"box":{"x":57,"y":673,"width":244,"height":10}},{"id":"5e0c0fae-b4a6-498e-8a6e-97933a8efc05","block_type":"box","text":".","page_number":16,"box":{"x":306,"y":680,"width":2,"height":1}},{"id":"821453c1-241b-47e7-bacd-143d7a93edd2","block_type":"box","text":"3,344 3,343,507","page_number":16,"box":{"x":366,"y":673,"width":117,"height":9}},{"id":"9ecde784-002b-4828-8117-d0833567f292","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.50% Floor +","page_number":16,"box":{"x":43,"y":686,"width":262,"height":10}},{"id":"1522c063-8a5d-45ec-b5e1-02726f0a825c","block_type":"box","text":"7.25%), 11.18%, 02/08/27","page_number":16,"box":{"x":57,"y":699,"width":126,"height":10}},{"id":"71b6dabd-f7a4-4796-acb1-bae94b09a3d7","block_type":"box","text":".........................","page_number":16,"box":{"x":185,"y":705,"width":122,"height":2}},{"id":"2b530cc8-bebc-401f-bd15-53c8f44a5b81","block_type":"box","text":"439 442,850","page_number":16,"box":{"x":374,"y":699,"width":109,"height":9}},{"id":"7c74dbbb-bd05-406d-8e12-04a6fba589b8","block_type":"box","text":"Research Now Group LLC","page_number":16,"box":{"x":31,"y":712,"width":128,"height":10}},{"id":"901113de-ab25-4ccb-8299-c9b7b05a70e2","block_type":"box","text":"2024 First Lien First Out Term Loan, (3-mo. CME","page_number":16,"box":{"x":43,"y":725,"width":238,"height":10}},{"id":"39535755-7ead-460a-8060-679c71f283c2","block_type":"box","text":"Term SOFR at 1.00% Floor + 5.00%), 8.90%,","page_number":16,"box":{"x":57,"y":738,"width":219,"height":9}},{"id":"a71b4e5b-69fd-4b59-85e3-821d8d76662a","block_type":"box","text":"07/15/28","page_number":16,"box":{"x":57,"y":751,"width":42,"height":7}},{"id":"da1f071e-d9d4-45e9-a228-998fb71feada","block_type":"box","text":".........................................","page_number":16,"box":{"x":105,"y":757,"width":202,"height":1}},{"id":"a7436060-2dcb-4906-94ab-db3cd5c8a048","block_type":"box","text":"2,743 2,583,158","page_number":16,"box":{"x":365,"y":751,"width":118,"height":9}},{"id":"94f01065-bfd9-4cfb-8d8e-836e1c26a653","block_type":"box","text":"2024 First Lien Second Out Term Loan, (3-mo. CME","page_number":16,"box":{"x":43,"y":764,"width":254,"height":9}},{"id":"7f610275-edbf-49e1-9211-a6422dc0094d","block_type":"box","text":"Term SOFR at 1.00% Floor + 5.50%), 9.40%,","page_number":16,"box":{"x":57,"y":776,"width":219,"height":10}},{"id":"9d8f0c8e-e586-4b0e-9182-3df9fa5fb4e5","block_type":"box","text":"10/15/28","page_number":16,"box":{"x":58,"y":789,"width":41,"height":8}},{"id":"3ba938a1-b2b0-4769-ab76-4168755fa241","block_type":"box","text":".........................................","page_number":16,"box":{"x":105,"y":796,"width":202,"height":1}},{"id":"c3cdd0f9-ffc7-44ef-8e07-5711e0d0024a","block_type":"box","text":"5,664 2,190,194","page_number":16,"box":{"x":366,"y":789,"width":117,"height":9}},{"id":"7ee0ee63-2d4e-4c75-81b6-a1512ffadcdc","block_type":"box","text":"Security Services Acquisition Sub Corp.","page_number":16,"box":{"x":30,"y":802,"width":192,"height":10}},{"id":"752b1d18-e9d1-45de-98c8-639f6f188685","block_type":"box","text":"(c)","page_number":16,"box":{"x":224,"y":801,"width":8,"height":6}},{"id":"5bf4b926-04a2-4fde-8c61-7b3ea5d9e336","block_type":"box","text":"2024 11th Amendment Term Loan A, (1-mo. CME","page_number":16,"box":{"x":43,"y":815,"width":240,"height":10}},{"id":"914396a7-3218-4e74-abfc-cf7515be442c","block_type":"box","text":"Term SOFR at 1.00% Floor + 5.75%), 9.49%,","page_number":16,"box":{"x":57,"y":828,"width":219,"height":10}},{"id":"50445ca4-a4f6-408f-921c-9f486bf47de2","block_type":"box","text":"09/30/27","page_number":16,"box":{"x":57,"y":841,"width":42,"height":8}},{"id":"65aefa03-8867-4317-9512-9ae0b20453f3","block_type":"box","text":".........................................","page_number":16,"box":{"x":105,"y":847,"width":202,"height":1}},{"id":"9d199f94-c06f-4628-be6e-5fc9e8722ca0","block_type":"box","text":"514 510,184","page_number":16,"box":{"x":375,"y":841,"width":108,"height":9}},{"id":"6f25d8af-8a35-4907-a251-f8b3019dd3d4","block_type":"box","text":"2024 12th Amendment Term Loan A, (1-mo. CME","page_number":16,"box":{"x":43,"y":854,"width":241,"height":9}},{"id":"6af214f9-e329-473d-9e95-9459094e2274","block_type":"box","text":"Term SOFR at 1.00% Floor + 5.75%), 9.49%,","page_number":16,"box":{"x":57,"y":867,"width":219,"height":9}},{"id":"aeed145c-4240-4701-99f5-aad616a63ad4","block_type":"box","text":"09/30/27","page_number":16,"box":{"x":57,"y":880,"width":42,"height":7}},{"id":"3ef65fa1-1e52-44ec-b4b1-723010d302a2","block_type":"box","text":".........................................","page_number":16,"box":{"x":105,"y":886,"width":202,"height":1}},{"id":"307cddb9-535c-4237-9244-de2662c4f29f","block_type":"box","text":"920 914,441","page_number":16,"box":{"x":375,"y":880,"width":106,"height":9}},{"id":"8cacd23f-4902-4c17-90ba-211b3626a7f7","block_type":"box","text":"Security","page_number":16,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"6a26df80-aee0-4813-a47b-3d7f210b64ae","block_type":"box","text":"Par","page_number":16,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"b36b97ff-0c20-4926-9ecf-408cd875bdb1","block_type":"box","text":"(000) Value","page_number":16,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"97abb5dd-3e6c-4f20-b0d5-3ce15e2c7954","block_type":"box","text":"Professional Services (continued)","page_number":16,"box":{"x":521,"y":119,"width":177,"height":10}},{"id":"2d4abc7b-64ab-430f-b648-ac1ed60a3563","block_type":"box","text":"Security Services Acquisition Sub Corp.","page_number":16,"box":{"x":521,"y":132,"width":192,"height":10}},{"id":"b0092c99-d8ab-4e25-adbe-1b1f88bf4473","block_type":"box","text":"(c)","page_number":16,"box":{"x":715,"y":130,"width":8,"height":7}},{"id":"c2efe828-7ff7-4ded-b928-b9ae6a91c199","block_type":"box","text":"(continued)","page_number":16,"box":{"x":728,"y":132,"width":53,"height":10}},{"id":"ff3533a1-41ed-4d33-9a44-85a545d62ed7","block_type":"box","text":"2024 Term Loan, (1-day CME Term SOFR at 1.00%","page_number":16,"box":{"x":534,"y":145,"width":251,"height":9}},{"id":"dce3b27a-f830-48d2-8d01-b988a891a3e3","block_type":"box","text":"Floor + 5.75%), 9.49%, 09/30/27","page_number":16,"box":{"x":548,"y":158,"width":158,"height":9}},{"id":"9cbbedca-e226-4e02-8794-6132741cd7fd","block_type":"box","text":"..................","page_number":16,"box":{"x":712,"y":164,"width":86,"height":1}},{"id":"086c3108-64e4-4d05-8e66-6cd966a99254","block_type":"box","text":"USD 1,826 $ 1,814,040","page_number":16,"box":{"x":810,"y":157,"width":164,"height":10}},{"id":"816b495a-06a4-4ecc-80b7-2208ba6e6902","block_type":"box","text":"Skopima Merger Sub, Inc., 2024 Repriced Term Loan,","page_number":16,"box":{"x":521,"y":171,"width":262,"height":9}},{"id":"3b5fe187-433a-46c5-9387-a596dd15331e","block_type":"box","text":"(1-mo. CME Term SOFR at 0.50% Floor + 3.75%),","page_number":16,"box":{"x":535,"y":183,"width":244,"height":10}},{"id":"ba710dcd-8541-48e3-a447-39ee0fcf4302","block_type":"box","text":"7.39%, 05/12/28","page_number":16,"box":{"x":535,"y":196,"width":79,"height":9}},{"id":"cccab55e-c267-4cb2-af04-cc74a7335f40","block_type":"box","text":".....................................","page_number":16,"box":{"x":616,"y":203,"width":182,"height":1}},{"id":"bf6e94bc-9320-4638-a773-b49618f7d818","block_type":"box","text":"2,484 2,042,734","page_number":16,"box":{"x":856,"y":196,"width":118,"height":9}},{"id":"79092832-0596-4f3b-a327-f2adb599c10c","block_type":"box","text":"SumUp Holdings Luxembourg, 2024 Delayed Draw Term","page_number":16,"box":{"x":521,"y":209,"width":276,"height":10}},{"id":"f7303902-9119-4a85-9ea0-e7f01d7cc0de","block_type":"box","text":"Loan A, (6-mo. CME Term SOFR at 1.50% Floor +","page_number":16,"box":{"x":535,"y":222,"width":244,"height":10}},{"id":"52ddbcd0-36cd-4aae-95c7-0dedfe6eefa5","block_type":"box","text":"6.50%), 9.17%, 04/22/31","page_number":16,"box":{"x":534,"y":235,"width":119,"height":10}},{"id":"1bb9d541-1944-41a3-aaf6-1f3a59982035","block_type":"box","text":"(c)","page_number":16,"box":{"x":656,"y":234,"width":8,"height":6}},{"id":"601d1411-ded4-4c5d-b2db-10d989c102e6","block_type":"box","text":"...........................","page_number":16,"box":{"x":666,"y":241,"width":132,"height":2}},{"id":"018bd5dd-8109-4ccf-84d5-7424e5416af7","block_type":"box","text":"4,000 4,000,000","page_number":16,"box":{"x":856,"y":235,"width":118,"height":9}},{"id":"94f0dbbe-a174-45aa-b0d4-5785158eeaf3","block_type":"box","text":"Vensure Employer Services, Inc., 2024 Term Loan, (3-","page_number":16,"box":{"x":521,"y":248,"width":264,"height":10}},{"id":"46531453-f9e4-4df5-9025-5cf5f26b18dd","block_type":"box","text":"mo. CME Term SOFR at 0.50% Floor + 5.00%),","page_number":16,"box":{"x":535,"y":261,"width":230,"height":9}},{"id":"bc5792c6-dc09-4580-a79e-a760074ee125","block_type":"box","text":"8.72%, 09/29/31","page_number":16,"box":{"x":534,"y":274,"width":78,"height":9}},{"id":"08aaf634-4ccf-4206-a6b5-ec2a0459cbfe","block_type":"box","text":"(c)","page_number":16,"box":{"x":615,"y":272,"width":8,"height":6}},{"id":"e3b3aa34-a8db-44b6-b374-599bb3ac5af8","block_type":"box","text":"...................................","page_number":16,"box":{"x":626,"y":280,"width":172,"height":1}},{"id":"60d9cb45-7c52-42b8-b382-e0f6baadb598","block_type":"box","text":"96 95,720","page_number":16,"box":{"x":872,"y":274,"width":102,"height":9}},{"id":"ef32e9f4-8dfc-407f-a225-ec6b6e6ede32","block_type":"box","text":"33,060,538","page_number":16,"box":{"x":919,"y":290,"width":55,"height":9}},{"id":"87f384b5-997c-46f9-9223-4a20db500307","block_type":"box","text":"Real Estate Management & Development","page_number":16,"box":{"x":521,"y":305,"width":212,"height":10}},{"id":"600d5d05-28b5-48a6-b80a-adbf59819a7e","block_type":"box","text":"(c)","page_number":16,"box":{"x":734,"y":304,"width":9,"height":6}},{"id":"d93883a6-04dd-4bc4-95a4-7b90931135f5","block_type":"box","text":"— 1.0%","page_number":16,"box":{"x":746,"y":305,"width":39,"height":8}},{"id":"542d54d0-d6b0-4477-9626-ea1cf0a2516e","block_type":"box","text":"1475 Holdings LLC","page_number":16,"box":{"x":522,"y":318,"width":92,"height":10}},{"id":"9d765f61-9d67-4808-b73f-b4bd5faf3690","block_type":"box","text":"Revolver, (1-mo. CME Term SOFR at 0.75% Floor +","page_number":16,"box":{"x":535,"y":331,"width":252,"height":10}},{"id":"27c98a53-a4ac-471b-b56a-b718dea505be","block_type":"box","text":"5.25%), 8.89%, 01/18/30","page_number":16,"box":{"x":548,"y":344,"width":120,"height":10}},{"id":"e96660d5-d6c6-4c54-a002-df6fcdadce31","block_type":"box","text":"..........................","page_number":16,"box":{"x":671,"y":350,"width":127,"height":1}},{"id":"d89420f4-4beb-4467-8e1c-76b2a8db2dfc","block_type":"box","text":"3 2,835","page_number":16,"box":{"x":878,"y":344,"width":96,"height":9}},{"id":"4b85bde8-0244-4b5a-a52e-1056f4a2e4d5","block_type":"box","text":"Term Loan, (1-mo. CME Term SOFR + 5.25%),","page_number":16,"box":{"x":534,"y":357,"width":228,"height":9}},{"id":"5ad9cbbb-18c3-4f27-80a6-baf0f81ebdca","block_type":"box","text":"8.89%, 01/18/30","page_number":16,"box":{"x":548,"y":370,"width":79,"height":9}},{"id":"c7b80d22-5b33-479d-95d0-65b306f6d7d3","block_type":"box","text":"..................................","page_number":16,"box":{"x":631,"y":376,"width":167,"height":1}},{"id":"c3515af3-5213-401c-8f8e-4f88439cfe5b","block_type":"box","text":"79 77,977","page_number":16,"box":{"x":872,"y":370,"width":102,"height":9}},{"id":"6c166017-6412-48c1-9818-1568aaa6e4d3","block_type":"box","text":"SitusAMC Holdings Corp., 2025 Incremental Term Loan,","page_number":16,"box":{"x":521,"y":383,"width":273,"height":9}},{"id":"fc451207-9ab5-47ed-a83b-ae2caf65d457","block_type":"box","text":"(3-mo. CME Term SOFR at 0.75% Floor + 5.50%),","page_number":16,"box":{"x":535,"y":395,"width":244,"height":10}},{"id":"4097729c-7ca3-4f87-a806-82a1815667dc","block_type":"box","text":"9.23%, 05/14/31","page_number":16,"box":{"x":534,"y":408,"width":78,"height":9}},{"id":"db8dbe31-dc1e-44f2-936c-025b8e25a09b","block_type":"box","text":".....................................","page_number":16,"box":{"x":616,"y":415,"width":182,"height":1}},{"id":"56ab2d42-1408-4658-a01d-0c2eab48350c","block_type":"box","text":"4,912 4,907,583","page_number":16,"box":{"x":856,"y":408,"width":118,"height":9}},{"id":"798efaab-3006-4a9f-a8cf-b5ceae6b9eae","block_type":"box","text":"4,988,395","page_number":16,"box":{"x":925,"y":425,"width":49,"height":8}},{"id":"c83eef0f-a40c-4f91-9770-c20303f5fbe2","block_type":"box","text":"Residential REITs","page_number":16,"box":{"x":521,"y":440,"width":91,"height":8}},{"id":"ec3078aa-fbd8-48b9-9b51-0dcfce028393","block_type":"box","text":"(c)","page_number":16,"box":{"x":613,"y":439,"width":9,"height":6}},{"id":"47ee78a0-ee9e-4a61-b144-52a2a6266efe","block_type":"box","text":"— 0.8%","page_number":16,"box":{"x":626,"y":440,"width":38,"height":8}},{"id":"4afcb489-a83e-47f8-8d90-836855352e1c","block_type":"box","text":"Greystone Affordable Housing Initiatives LLC","page_number":16,"box":{"x":521,"y":453,"width":218,"height":10}},{"id":"334f07a1-f0ba-4e16-b6dd-0cac1c7a8a3e","block_type":"box","text":"2022 Term Loan, (1-mo. CME Term SOFR at 1.25%","page_number":16,"box":{"x":534,"y":466,"width":252,"height":9}},{"id":"266f8c00-075c-4ae5-813b-f6a3b68cfe1b","block_type":"box","text":"Floor + 6.50%), 10.26%, 03/08/27","page_number":16,"box":{"x":548,"y":479,"width":164,"height":9}},{"id":"2ebaf3ab-a6ce-4cd2-ab25-352b6614a0dc","block_type":"box","text":".................","page_number":16,"box":{"x":717,"y":485,"width":81,"height":1}},{"id":"a420ef53-746f-477a-b651-32e1e7b4d24f","block_type":"box","text":"1,636 1,625,892","page_number":16,"box":{"x":857,"y":479,"width":117,"height":9}},{"id":"8c84aea6-d166-4962-93fa-414ec1ca76b9","block_type":"box","text":"Delayed Draw Term Loan, (6-mo. CME Term SOFR at","page_number":16,"box":{"x":535,"y":492,"width":262,"height":9}},{"id":"42304931-c157-48ef-ae03-f9f82e747d0e","block_type":"box","text":"1.25% Floor + 6.00%), 10.06%, 03/02/27","page_number":16,"box":{"x":549,"y":504,"width":197,"height":10}},{"id":"0fcc4b19-d079-47ac-903f-3fc19c3cf0dc","block_type":"box","text":"..........","page_number":16,"box":{"x":752,"y":511,"width":46,"height":1}},{"id":"63042168-bf76-463b-96c8-3d0a06716e0f","block_type":"box","text":"2,800 2,760,800","page_number":16,"box":{"x":856,"y":505,"width":118,"height":8}},{"id":"fad340be-a60d-4885-b4dd-51565ce332a7","block_type":"box","text":"4,386,692","page_number":16,"box":{"x":925,"y":521,"width":49,"height":9}},{"id":"bc329998-56ad-49f1-90e5-ecc6805dfa12","block_type":"box","text":"Retail REITs — 0.4%","page_number":16,"box":{"x":521,"y":536,"width":104,"height":8}},{"id":"03a066a3-13f3-4bd9-8bfb-a1fbe10342fa","block_type":"box","text":"PREIT Associates LP, 2024 Term Loan, (1-mo. CME","page_number":16,"box":{"x":521,"y":549,"width":253,"height":10}},{"id":"ec089203-9dde-4d9e-bda9-94ca302c9839","block_type":"box","text":"Term SOFR at 0.00% Floor + 7.00%), 10.62%,","page_number":16,"box":{"x":534,"y":562,"width":226,"height":9}},{"id":"c50411f6-d6f6-4335-ac3b-b5d391ee863c","block_type":"box","text":"04/01/29","page_number":16,"box":{"x":534,"y":575,"width":42,"height":7}},{"id":"43e0361a-770d-448c-8037-d10c81e60be3","block_type":"box","text":"............................................","page_number":16,"box":{"x":580,"y":581,"width":218,"height":1}},{"id":"188f980f-a885-4503-be5c-71cfa0114721","block_type":"box","text":"2,256 2,286,087","page_number":16,"box":{"x":856,"y":575,"width":118,"height":9}},{"id":"ade5731f-b57e-4b08-9c7e-1a96087d188e","block_type":"box","text":"Software — 17.5%","page_number":16,"box":{"x":521,"y":593,"width":94,"height":8}},{"id":"1a3e2ea0-0ab8-47db-ab5f-6a7ce75f066a","block_type":"box","text":"Alphasense, Inc., 2024 Term Loan, (3-mo. CME Term","page_number":16,"box":{"x":521,"y":606,"width":259,"height":10}},{"id":"4de4ce35-0b27-4d0a-8b14-83cb1798aaef","block_type":"box","text":"SOFR at 2.00% Floor + 6.25%), 9.98%, 06/27/29","page_number":16,"box":{"x":535,"y":619,"width":238,"height":10}},{"id":"4436f4d1-0567-4953-8006-1567b62b2ed6","block_type":"box","text":"(c)","page_number":16,"box":{"x":774,"y":618,"width":8,"height":6}},{"id":"5a7e7a69-106a-4a88-9a48-7ead76d10d30","block_type":"box","text":"...","page_number":16,"box":{"x":787,"y":626,"width":11,"height":1}},{"id":"4a3a8166-6fef-4369-ac93-4f005c077deb","block_type":"box","text":"4,167 4,167,321","page_number":16,"box":{"x":856,"y":619,"width":116,"height":9}},{"id":"379b8391-02e3-4ab2-9242-0e4c5118c13b","block_type":"box","text":"Aras Corp.","page_number":16,"box":{"x":521,"y":632,"width":51,"height":10}},{"id":"49e6ea1e-6c0d-4e1c-b48d-1ae3fdbed86d","block_type":"box","text":"(c)","page_number":16,"box":{"x":574,"y":631,"width":8,"height":6}},{"id":"115ccd65-c2f5-4c8e-89f9-acaeed87e7d8","block_type":"box","text":"Revolver, (1-mo. CME Term SOFR at 1.00% Floor +","page_number":16,"box":{"x":535,"y":645,"width":252,"height":10}},{"id":"054623c6-5201-4c59-88f5-88c9a7a0eb27","block_type":"box","text":"5.50%), 8.73%, 04/13/29","page_number":16,"box":{"x":548,"y":658,"width":120,"height":9}},{"id":"4db4b1d2-d25d-4958-b4df-e28190d41592","block_type":"box","text":"..........................","page_number":16,"box":{"x":671,"y":664,"width":127,"height":1}},{"id":"83cb64a7-9066-49f7-9e22-30fabf6833bc","block_type":"box","text":"438 434,093","page_number":16,"box":{"x":865,"y":658,"width":109,"height":9}},{"id":"ca7bcfba-b4e3-43a0-a3b5-7837e672d0dd","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":16,"box":{"x":534,"y":671,"width":262,"height":9}},{"id":"b0232f71-8d1d-4104-b2de-91b031d083f8","block_type":"box","text":"5.00%), 8.73%, 04/13/29","page_number":16,"box":{"x":548,"y":684,"width":120,"height":9}},{"id":"99651ab5-aa2e-420c-9ba1-2ab4cc05031f","block_type":"box","text":"..........................","page_number":16,"box":{"x":671,"y":690,"width":127,"height":1}},{"id":"c6463220-22a3-483f-abcc-b4270f29c574","block_type":"box","text":"3,547 3,511,704","page_number":16,"box":{"x":856,"y":684,"width":118,"height":9}},{"id":"f4c1e5b7-e507-464a-aa8c-5f6d57d17044","block_type":"box","text":"Beekeeper Buyer, Inc., Term Loan, (3-mo. CME Term","page_number":16,"box":{"x":521,"y":697,"width":258,"height":9}},{"id":"b939c6e3-8e7b-4059-af56-abede67c5349","block_type":"box","text":"SOFR at 0.75% Floor + 5.25%), 8.98%, 06/30/31","page_number":16,"box":{"x":535,"y":709,"width":236,"height":10}},{"id":"784c4fa9-5c4c-491e-a919-1b905ebcef82","block_type":"box","text":"(c)","page_number":16,"box":{"x":774,"y":708,"width":8,"height":6}},{"id":"2748c3e6-9a4a-498b-80be-53c54e1546bb","block_type":"box","text":"...","page_number":16,"box":{"x":787,"y":716,"width":11,"height":1}},{"id":"e2c31fc0-7522-411c-8456-83ab93aebba9","block_type":"box","text":"3,009 2,957,912","page_number":16,"box":{"x":856,"y":709,"width":118,"height":9}},{"id":"f4671978-680a-4c2f-bca2-a69bb7dadb02","block_type":"box","text":"Boxer Parent Co., Inc., 2025 USD Term Loan B, (3-mo.","page_number":16,"box":{"x":521,"y":722,"width":267,"height":10}},{"id":"aa4e9520-252c-4b5c-b205-23503ef89331","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 2.75%), 6.42%,","page_number":16,"box":{"x":535,"y":735,"width":246,"height":10}},{"id":"01ccf8e3-6b1a-4321-bac5-d7298495827c","block_type":"box","text":"07/30/31","page_number":16,"box":{"x":534,"y":748,"width":41,"height":8}},{"id":"18c08180-7b41-4c10-89c3-87a93114059c","block_type":"box","text":"............................................","page_number":16,"box":{"x":580,"y":754,"width":218,"height":2}},{"id":"8ccd3711-8bed-4b10-94c1-e80b12aebe8a","block_type":"box","text":"796 714,717","page_number":16,"box":{"x":866,"y":748,"width":108,"height":9}},{"id":"2d74f91e-daa7-4b8e-9e55-2d3a6755eec5","block_type":"box","text":"Bullhorn, Inc.","page_number":16,"box":{"x":521,"y":761,"width":63,"height":9}},{"id":"14c2bd82-e068-4a79-9170-376987cf829a","block_type":"box","text":"(c)","page_number":16,"box":{"x":585,"y":760,"width":9,"height":6}},{"id":"e2d5d3d1-d84b-4372-b277-5211c3533b73","block_type":"box","text":"2019 Revolver, (1-mo. CME Term SOFR at 1.00%","page_number":16,"box":{"x":534,"y":774,"width":243,"height":10}},{"id":"590fe0db-88bf-4b61-bcf4-9ccd5031c4f2","block_type":"box","text":"Floor + 5.00%), 8.64%, 10/01/29","page_number":16,"box":{"x":548,"y":787,"width":158,"height":9}},{"id":"24980fe2-14e3-48ad-a110-761bc49c56b5","block_type":"box","text":"..................","page_number":16,"box":{"x":712,"y":793,"width":86,"height":1}},{"id":"b32108ee-bb59-4465-94e1-c8ef8f57636b","block_type":"box","text":"37 35,572","page_number":16,"box":{"x":872,"y":787,"width":102,"height":9}},{"id":"70f5f1cc-c9e7-4144-8442-86ac1677525a","block_type":"box","text":"2020 Term Loan, (1-mo. CME Term SOFR at 1.00%","page_number":16,"box":{"x":534,"y":800,"width":252,"height":9}},{"id":"a3bf98bb-c1d9-41fe-b1fa-f2d3ce7e73e1","block_type":"box","text":"Floor + 5.00%), 8.64%, 10/01/29","page_number":16,"box":{"x":548,"y":813,"width":158,"height":9}},{"id":"1f7cb6e0-fc72-4758-876c-60e753fd6f62","block_type":"box","text":"..................","page_number":16,"box":{"x":712,"y":819,"width":86,"height":1}},{"id":"66d8fd78-1822-428b-9849-890c1ba18dec","block_type":"box","text":"4,064 3,942,072","page_number":16,"box":{"x":856,"y":813,"width":118,"height":8}},{"id":"d0d39f33-f390-4533-a9a6-a90d84ceacdf","block_type":"box","text":"2024 8th Amendment Delayed Draw Term Loan 1,","page_number":16,"box":{"x":534,"y":826,"width":243,"height":9}},{"id":"8bc72fba-4673-4b4f-9307-be214388a44c","block_type":"box","text":"(1-day CME Term SOFR + 5.00%), 8.64%,","page_number":16,"box":{"x":548,"y":838,"width":206,"height":10}},{"id":"bc21536e-fb1d-4bc0-9990-c29005560f08","block_type":"box","text":"10/01/29","page_number":16,"box":{"x":549,"y":851,"width":41,"height":8}},{"id":"39f04fe5-efee-4146-a019-8c770d9a8bfc","block_type":"box","text":".........................................","page_number":16,"box":{"x":596,"y":858,"width":202,"height":1}},{"id":"0701b87e-9d93-4f86-9472-0b015d854706","block_type":"box","text":"544 527,253","page_number":16,"box":{"x":866,"y":851,"width":108,"height":9}},{"id":"8b152547-cb85-49ef-95cf-289615d51d7f","block_type":"box","text":"2025 8th Amendment Delayed Draw Term Loan 2,","page_number":16,"box":{"x":534,"y":864,"width":243,"height":10}},{"id":"d0804983-e298-49aa-8439-87e04e9f66b6","block_type":"box","text":"(1-mo. CME Term SOFR at 1.00% Floor + 5.00%),","page_number":16,"box":{"x":548,"y":877,"width":244,"height":10}},{"id":"6b51562b-90d4-4d25-a508-af36f3018596","block_type":"box","text":"8.64%, 10/01/29","page_number":16,"box":{"x":548,"y":890,"width":79,"height":9}},{"id":"93eac8da-844d-4b91-8da7-0f50f0dd66a6","block_type":"box","text":"..................................","page_number":16,"box":{"x":631,"y":896,"width":167,"height":1}},{"id":"5cfef46e-be85-43f4-b7d7-9fa03404889a","block_type":"box","text":"63 60,864","page_number":16,"box":{"x":872,"y":890,"width":102,"height":9}},{"id":"9f54212e-86f0-4c3e-b1af-7f3aa572743c","block_type":"box","text":"Consolidated Schedule of Investments","page_number":16,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"a1b8b840-f20b-4459-a3dc-b3628b7e6e00","block_type":"box","text":"(unaudited) (continued)","page_number":16,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"288b238c-fabb-4e99-8678-ffb4e0ceaa16","block_type":"box","text":"June 30, 2026","page_number":16,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"cd51c18f-f614-40a7-9ba6-d242a7a47b86","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":16,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"04c98aa9-7e4e-4dfa-8877-77258772b5b2","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":16,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"86587b9f-cdb8-42e6-a69e-92d3560a7b37","block_type":"box","text":"16","page_number":16,"box":{"x":31,"y":965,"width":13,"height":9}},{"id":"51c123df-a03a-4f62-87a2-02aeca00c238","block_type":"box","text":"2026","page_number":16,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"a868094d-2c51-4a34-bac3-27185edc05c5","block_type":"box","text":"B","page_number":16,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"8dd21aa3-ab9d-4753-938c-a1067be6e9c9","block_type":"box","text":"LACK","page_number":16,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"49b9558d-bfe1-462b-bd02-a58d1e47fc45","block_type":"box","text":"R","page_number":16,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"240e50a5-62e9-4e9d-8eca-f0a448541702","block_type":"box","text":"OCK","page_number":16,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"8232afca-16d9-47ec-97d7-46843ec37730","block_type":"box","text":"S","page_number":16,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"603114ac-4ee7-489d-8144-949b68d49b17","block_type":"box","text":"EMI","page_number":16,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"449f4512-1b5f-42bd-8f39-0630166cbcec","block_type":"box","text":"-A","page_number":16,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"6edb6b16-424a-41cf-948a-616b24bcb385","block_type":"box","text":"NNUAL","page_number":16,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"08228e31-8054-449b-b1b9-54b9425ef298","block_type":"box","text":"NM0826U-5876566-16/56 R EPORT TO S HARE","page_number":16,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"66124780-9b06-4862-8123-fb9dae7539b4","block_type":"box","text":"NM\r\nR","page_number":16,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"3f23e506-0967-4b58-9062-bd061aae84c3","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":16,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"53c66bcf-e336-47b9-aeec-24f157cf513c","block_type":"box","text":"66\r\nS","page_number":16,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"46c1d662-bdb8-42c4-944c-79f9ce59b3f1","block_type":"box","text":"-16/56 \r\nHAREHOLDERS","page_number":16,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"1067a7de-78f2-4173-ad25-bbb647543bca","block_type":"box","text":"Security","page_number":17,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"7340f6c3-24a6-4ed1-b926-77e7253824d8","block_type":"box","text":"Par","page_number":17,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"6427b489-d1ff-493b-8d5c-095396a9da5f","block_type":"box","text":"(000) Value","page_number":17,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"67e0d745-784b-4416-9e99-8f9111a882e1","block_type":"box","text":"Software (continued)","page_number":17,"box":{"x":30,"y":119,"width":108,"height":10}},{"id":"6aaa81d8-f740-4289-b957-c31342cde685","block_type":"box","text":"Bynder Holding BV","page_number":17,"box":{"x":31,"y":132,"width":92,"height":10}},{"id":"025b346e-bd15-4396-a78f-1cce8782ce23","block_type":"box","text":"(c)","page_number":17,"box":{"x":123,"y":130,"width":9,"height":7}},{"id":"d3a4cc57-1532-4e0d-b5ce-d2c91466a1a9","block_type":"box","text":"Term Loan Tranche A, (3-mo. CME Term SOFR at","page_number":17,"box":{"x":43,"y":145,"width":244,"height":9}},{"id":"c1a2f644-7e79-4cad-a2fc-b1d81c4378ae","block_type":"box","text":"1.00% Floor + 6.00%), 9.67%, 01/26/29","page_number":17,"box":{"x":58,"y":158,"width":191,"height":9}},{"id":"c19500d8-d2b8-4b73-88c5-c3801160b520","block_type":"box","text":"............","page_number":17,"box":{"x":251,"y":164,"width":57,"height":1}},{"id":"9b15599e-2910-4466-ac39-ee0e097a9c6f","block_type":"box","text":"USD 15 $ 14,848","page_number":17,"box":{"x":320,"y":157,"width":163,"height":10}},{"id":"f9e9ccfb-fb88-4b58-856b-bb42419659b7","block_type":"box","text":"Term Loan Tranche B, (3-mo. CME Term SOFR at","page_number":17,"box":{"x":43,"y":171,"width":244,"height":9}},{"id":"ac217f61-02df-4639-90c0-6c4e23475e8a","block_type":"box","text":"-5.00% Floor + 6.00%), 9.67%, 01/26/29","page_number":17,"box":{"x":57,"y":183,"width":196,"height":10}},{"id":"c4564709-fa30-4c02-87c3-7587b3e51236","block_type":"box","text":"...........","page_number":17,"box":{"x":256,"y":190,"width":52,"height":1}},{"id":"91945a1c-bc3b-44b7-bca0-f80ebf503c74","block_type":"box","text":"54 53,825","page_number":17,"box":{"x":381,"y":184,"width":102,"height":8}},{"id":"5ae35137-d3e1-486c-81ae-0a64c07548a6","block_type":"box","text":"Central Parent Inc., 2026 CoOp Steerco Term Loan,","page_number":17,"box":{"x":30,"y":196,"width":252,"height":10}},{"id":"a9645989-7490-49f0-8d92-ade3b355017c","block_type":"box","text":"(3-mo. CME Term SOFR at 0.00% Floor + 3.25%),","page_number":17,"box":{"x":44,"y":209,"width":244,"height":10}},{"id":"74b86ac2-74a2-4c80-843b-1e60bad003cd","block_type":"box","text":"6.98%, 07/06/29","page_number":17,"box":{"x":44,"y":222,"width":79,"height":9}},{"id":"6a3e49be-adf8-4871-83b8-1b0518dd4b29","block_type":"box","text":".....................................","page_number":17,"box":{"x":125,"y":228,"width":182,"height":2}},{"id":"28ebed12-ab12-4585-8526-afe8f8f5a672","block_type":"box","text":"1,322 854,671","page_number":17,"box":{"x":366,"y":222,"width":115,"height":9}},{"id":"010841c7-0be5-4f73-ba22-ad5efdfd26d0","block_type":"box","text":"CivicPlus LLC, 2025 Refinancing Term Loan, (3-mo.","page_number":17,"box":{"x":30,"y":235,"width":252,"height":10}},{"id":"e0d64ef0-a5f8-46cc-9e78-73155d94405b","block_type":"box","text":"CME Term SOFR at 0.75% Floor + 3.25% and 2.75%","page_number":17,"box":{"x":44,"y":248,"width":258,"height":8}},{"id":"b1b49390-a023-46aa-8a17-c430dafe4db8","block_type":"box","text":"PIK), 9.67%, 08/23/30","page_number":17,"box":{"x":44,"y":261,"width":106,"height":9}},{"id":"ec8381f1-b1df-411c-82c8-d90946e92f35","block_type":"box","text":"(c)(g)","page_number":17,"box":{"x":152,"y":259,"width":18,"height":6}},{"id":"833fff28-c324-495a-b375-aaeff2f9d622","block_type":"box","text":"...........................","page_number":17,"box":{"x":175,"y":267,"width":133,"height":1}},{"id":"e0157fca-8729-4bb0-9ae6-5130633e9e41","block_type":"box","text":"1,878 1,861,022","page_number":17,"box":{"x":366,"y":261,"width":117,"height":9}},{"id":"92a454a6-fd81-4014-9aa5-ce587fb95f90","block_type":"box","text":"Clever Devices Ltd.","page_number":17,"box":{"x":30,"y":274,"width":94,"height":7}},{"id":"a502927a-3f8e-44e4-bdb6-320e2fcd1592","block_type":"box","text":"(c)","page_number":17,"box":{"x":126,"y":272,"width":8,"height":6}},{"id":"573597cb-f826-4779-8768-12e3fcf2a01a","block_type":"box","text":"Revolver, (1-day CME Term SOFR at 1.00% Floor +","page_number":17,"box":{"x":44,"y":287,"width":252,"height":9}},{"id":"19109a2a-ad4e-4daf-b697-3257841de957","block_type":"box","text":"6.00%), 11.30%, 06/12/30","page_number":17,"box":{"x":57,"y":299,"width":126,"height":10}},{"id":"5b2454fd-f09a-4735-80e0-6578649b614d","block_type":"box","text":".........................","page_number":17,"box":{"x":185,"y":306,"width":122,"height":1}},{"id":"d484f625-d7b2-482c-930c-64a0028bd0c5","block_type":"box","text":"738 737,969","page_number":17,"box":{"x":375,"y":300,"width":108,"height":8}},{"id":"1853bd1a-b679-49f2-94d2-a02eb759ec95","block_type":"box","text":"Term Loan, (1-mo. CME Term SOFR at 1.00% Floor +","page_number":17,"box":{"x":43,"y":312,"width":262,"height":10}},{"id":"ea51ac64-25de-4add-85f6-d72773f94860","block_type":"box","text":"6.00%), 7.00%, 06/12/30","page_number":17,"box":{"x":57,"y":325,"width":120,"height":10}},{"id":"92894eee-570e-44c9-92bb-863ecb559e60","block_type":"box","text":"..........................","page_number":17,"box":{"x":180,"y":332,"width":127,"height":1}},{"id":"d6503fb9-0195-42ba-a717-fa04b1ee842c","block_type":"box","text":"2,604 2,603,554","page_number":17,"box":{"x":365,"y":325,"width":118,"height":9}},{"id":"fc1b0853-ba55-47b1-b2e3-b0d2be2036d4","block_type":"box","text":"Docupace Technologies LLC","page_number":17,"box":{"x":31,"y":338,"width":138,"height":10}},{"id":"0e95c905-2bfa-405d-8067-b8942d64b2cb","block_type":"box","text":"(c)","page_number":17,"box":{"x":170,"y":337,"width":9,"height":6}},{"id":"7d2fb590-d278-43eb-8380-c0d3363f2d23","block_type":"box","text":"Delayed Draw Term Loan B, (3-mo. CME Term SOFR","page_number":17,"box":{"x":44,"y":351,"width":260,"height":10}},{"id":"8b3383a5-a821-477d-8f28-3f113cf77488","block_type":"box","text":"+ 5.75%), 9.48%, 07/15/30","page_number":17,"box":{"x":57,"y":364,"width":130,"height":10}},{"id":"9131c51b-2ae0-419c-8994-d8d9f8c7db87","block_type":"box","text":"........................","page_number":17,"box":{"x":190,"y":370,"width":117,"height":1}},{"id":"012b762c-462e-434a-a25f-c7b55ba9441d","block_type":"box","text":"449 423,495","page_number":17,"box":{"x":374,"y":364,"width":109,"height":9}},{"id":"a7154869-4f40-4bf1-b0ca-6f5d31e470f4","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR + 5.75%),","page_number":17,"box":{"x":43,"y":377,"width":228,"height":9}},{"id":"88a72222-b21c-4f2c-9fca-8844d54edf0a","block_type":"box","text":"10.23%, 07/15/30","page_number":17,"box":{"x":58,"y":390,"width":84,"height":9}},{"id":"cc58aab0-cb06-4fee-b0d4-62be135b1474","block_type":"box","text":".................................","page_number":17,"box":{"x":145,"y":396,"width":162,"height":1}},{"id":"0f6c05a4-4659-48ed-ba4e-8e56af65e406","block_type":"box","text":"2,064 1,948,077","page_number":17,"box":{"x":365,"y":390,"width":118,"height":9}},{"id":"dc9bcd88-4f62-4e99-a0da-cb0c7ddbc55d","block_type":"box","text":"Douglas Holdings, Inc., PIK Delayed Draw Term Loan,","page_number":17,"box":{"x":31,"y":403,"width":262,"height":9}},{"id":"790681e9-3b4c-40bc-a52c-3b948e13f47f","block_type":"box","text":"(3-mo. CME Term SOFR + 5.75%), 10.23%,","page_number":17,"box":{"x":44,"y":415,"width":213,"height":10}},{"id":"29cd8c94-3199-4c0c-b23f-4e78fa8cc11e","block_type":"box","text":"07/15/30","page_number":17,"box":{"x":44,"y":428,"width":42,"height":8}},{"id":"15cbbc5c-ab23-4531-a357-e068f869ece7","block_type":"box","text":"(c)","page_number":17,"box":{"x":87,"y":427,"width":8,"height":6}},{"id":"3f8f1801-2bc9-4dfb-8860-8dd836805f9f","block_type":"box","text":"..........................................","page_number":17,"box":{"x":100,"y":435,"width":207,"height":1}},{"id":"fa6fe912-9938-4b1f-aa0a-5711d4c08e55","block_type":"box","text":"324 305,671","page_number":17,"box":{"x":375,"y":428,"width":106,"height":9}},{"id":"d7d13b3b-4852-4f35-9b64-8a634a6d5aa9","block_type":"box","text":"Elastic Path Software, Inc., Term Loan, (3-mo. CME","page_number":17,"box":{"x":31,"y":441,"width":250,"height":10}},{"id":"ed7148f9-f599-46b5-863f-5965b1713dd5","block_type":"box","text":"Term SOFR at 1.00% Floor + 7.50%), 11.44%,","page_number":17,"box":{"x":43,"y":454,"width":225,"height":10}},{"id":"68fa8f6d-2191-4eb2-ad67-5643ea8475dd","block_type":"box","text":"01/06/27","page_number":17,"box":{"x":44,"y":467,"width":42,"height":8}},{"id":"f41f0afe-7990-417b-8448-312d3d59d8bf","block_type":"box","text":"(c)","page_number":17,"box":{"x":87,"y":466,"width":8,"height":6}},{"id":"48641a94-d7d2-4514-a60d-b205d4dde08b","block_type":"box","text":"..........................................","page_number":17,"box":{"x":100,"y":473,"width":207,"height":2}},{"id":"50827ece-3b16-4d69-8408-ac50930d285c","block_type":"box","text":"1,342 1,217,508","page_number":17,"box":{"x":366,"y":467,"width":117,"height":9}},{"id":"f76c7aee-66e1-4993-aaf1-f7befc0e0035","block_type":"box","text":"Emburse, Inc., Term Loan, (3-mo. CME Term SOFR at","page_number":17,"box":{"x":31,"y":480,"width":263,"height":10}},{"id":"f2139edb-617c-4be0-9e2e-595bbfe09967","block_type":"box","text":"0.75% Floor + 4.25%), 7.98%, 05/28/32","page_number":17,"box":{"x":44,"y":493,"width":192,"height":9}},{"id":"48d55ca8-b035-4381-ae17-4f90c0f2a7d1","block_type":"box","text":"(c)","page_number":17,"box":{"x":237,"y":491,"width":9,"height":6}},{"id":"5151309f-794b-4857-a37f-a80aa0645c6f","block_type":"box","text":"............","page_number":17,"box":{"x":251,"y":499,"width":57,"height":1}},{"id":"fd8b8e7e-a3a8-4cde-a0b6-eebfc2000942","block_type":"box","text":"3,684 3,643,684","page_number":17,"box":{"x":366,"y":493,"width":117,"height":9}},{"id":"ddb801c3-dd41-482d-ac9b-52110e0faf1e","block_type":"box","text":"Employ, Inc., Term Loan, (3-mo. CME Term SOFR +","page_number":17,"box":{"x":31,"y":506,"width":252,"height":9}},{"id":"6c975c06-8875-4eea-bef0-efcc3bd083bd","block_type":"box","text":"7.50%), 11.16%, 08/07/28","page_number":17,"box":{"x":44,"y":519,"width":125,"height":9}},{"id":"c1cb08a3-9e36-4d5c-aaaf-9f9c3ddad065","block_type":"box","text":"(c)","page_number":17,"box":{"x":170,"y":517,"width":9,"height":6}},{"id":"a331cb61-adbf-448d-97cc-1abb1902075c","block_type":"box","text":".........................","page_number":17,"box":{"x":185,"y":525,"width":123,"height":1}},{"id":"4ab56739-01a6-4c28-99ee-1911b8548eea","block_type":"box","text":"250 197,819","page_number":17,"box":{"x":375,"y":519,"width":108,"height":9}},{"id":"48a6d3b6-0259-4b85-972d-6b193e4475a5","block_type":"box","text":"Firstup, Inc.","page_number":17,"box":{"x":31,"y":532,"width":55,"height":9}},{"id":"e0ea3dfd-758d-4864-8ed9-3ac9ce726ce5","block_type":"box","text":"(c)(l)","page_number":17,"box":{"x":88,"y":530,"width":16,"height":6}},{"id":"2357ec74-4de6-4356-8f48-7ca49f37bbf2","block_type":"box","text":"Amendment No. 2 Term Loan, 07/13/27","page_number":17,"box":{"x":43,"y":544,"width":192,"height":9}},{"id":"e03ac3bf-9f77-4ad2-8d12-281f09333d82","block_type":"box","text":"..............","page_number":17,"box":{"x":241,"y":551,"width":67,"height":1}},{"id":"36511ff1-80ff-4b63-a935-4db03c551675","block_type":"box","text":"427 390,666","page_number":17,"box":{"x":374,"y":544,"width":109,"height":9}},{"id":"15b4bcf3-fb0b-45b0-b9ee-f599a1c2c9c9","block_type":"box","text":"Term Loan, 07/13/27","page_number":17,"box":{"x":43,"y":557,"width":101,"height":9}},{"id":"0cf6fd74-c649-4d65-89de-d2c3bf6e9b7e","block_type":"box","text":"................................","page_number":17,"box":{"x":150,"y":564,"width":157,"height":1}},{"id":"2708bc80-7bb6-4941-bbf5-55ea3b15a1e8","block_type":"box","text":"4,155 3,801,540","page_number":17,"box":{"x":365,"y":557,"width":118,"height":9}},{"id":"c36df283-e82c-4e17-a746-9e4c67440168","block_type":"box","text":"G-3 Apollo Acquisition Corp.","page_number":17,"box":{"x":30,"y":570,"width":136,"height":10}},{"id":"1898e2ff-9815-4599-a15e-e9da3b9b15db","block_type":"box","text":"(c)","page_number":17,"box":{"x":167,"y":569,"width":9,"height":6}},{"id":"0b2e09e2-6807-401e-873d-82316b0f0241","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":17,"box":{"x":44,"y":583,"width":252,"height":10}},{"id":"0b86093e-6f09-437f-89c1-5118a17cb6be","block_type":"box","text":"5.00%), 8.69%, 03/10/31","page_number":17,"box":{"x":57,"y":596,"width":119,"height":10}},{"id":"adde9946-fff5-43de-a96e-783092e066c1","block_type":"box","text":"..........................","page_number":17,"box":{"x":180,"y":602,"width":127,"height":1}},{"id":"b0eb05e2-f6ee-447f-9138-e88b5d618185","block_type":"box","text":"2 2,381","page_number":17,"box":{"x":387,"y":596,"width":94,"height":9}},{"id":"671e7c64-5daf-4740-8322-6641bbdec4ff","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":17,"box":{"x":43,"y":609,"width":262,"height":10}},{"id":"4a3cd788-0815-472d-8a4c-d87a5ba0ef4b","block_type":"box","text":"5.00%), 8.66%, 03/10/31","page_number":17,"box":{"x":57,"y":622,"width":119,"height":9}},{"id":"8c4be455-ab5f-4f55-a702-9c800e3bad05","block_type":"box","text":"..........................","page_number":17,"box":{"x":180,"y":628,"width":127,"height":1}},{"id":"24467f0a-3c72-4641-b5c9-7c7eb5151d59","block_type":"box","text":"66 66,660","page_number":17,"box":{"x":381,"y":622,"width":102,"height":9}},{"id":"6739e8b3-d841-4023-8cce-b58b8692a543","block_type":"box","text":"GC Champion Acquisition LLC","page_number":17,"box":{"x":30,"y":635,"width":148,"height":9}},{"id":"3d258b66-455f-4c02-8202-a14579c6f70d","block_type":"box","text":"(c)","page_number":17,"box":{"x":179,"y":633,"width":9,"height":6}},{"id":"28da1838-fcbb-4c6a-b994-121a958732b8","block_type":"box","text":"1st Lien Delayed Draw Term Loan, (3-mo. CME Term","page_number":17,"box":{"x":44,"y":648,"width":257,"height":9}},{"id":"13213151-c44a-47f7-8792-a7568c9ad68e","block_type":"box","text":"SOFR at 1.00% Floor + 5.00%), 8.68%, 08/21/28","page_number":17,"box":{"x":57,"y":660,"width":238,"height":10}},{"id":"8f04794b-508f-44b1-a619-3175099247fe","block_type":"box","text":"..","page_number":17,"box":{"x":301,"y":667,"width":7,"height":1}},{"id":"eeeaef0d-198d-41cc-8daa-1ff90555ee55","block_type":"box","text":"47 46,627","page_number":17,"box":{"x":381,"y":661,"width":102,"height":8}},{"id":"8fdb211b-ebe3-4196-a48e-d952ecdc05f2","block_type":"box","text":"1st Lien Term Loan, (3-mo. CME Term SOFR at","page_number":17,"box":{"x":44,"y":673,"width":231,"height":10}},{"id":"f8a2d45f-b7e1-4e6f-9f61-45d44a63990e","block_type":"box","text":"1.00% Floor + 5.00%), 8.68%, 08/21/28","page_number":17,"box":{"x":58,"y":686,"width":191,"height":10}},{"id":"1f13dce8-12d2-45ad-85e0-456c72bfda96","block_type":"box","text":"............","page_number":17,"box":{"x":251,"y":693,"width":57,"height":1}},{"id":"e58869a4-a041-4465-b002-a8ff42f1ead2","block_type":"box","text":"2,976 2,943,282","page_number":17,"box":{"x":365,"y":686,"width":118,"height":9}},{"id":"21df73e3-09ca-4c09-8aa9-c3d3d7a8ae82","block_type":"box","text":"Genesys Cloud Services, Inc., 2025 USD Term Loan B,","page_number":17,"box":{"x":30,"y":699,"width":269,"height":10}},{"id":"b8e88825-e654-47ad-9800-e0137559648c","block_type":"box","text":"(1-mo. CME Term SOFR at 0.00% Floor + 2.50%),","page_number":17,"box":{"x":44,"y":712,"width":244,"height":10}},{"id":"e4b72015-7cc8-40f0-a159-d5171322b76d","block_type":"box","text":"6.14%, 01/30/32","page_number":17,"box":{"x":44,"y":725,"width":79,"height":9}},{"id":"b84f6bf1-828f-472d-92dd-87e9e42c15db","block_type":"box","text":".....................................","page_number":17,"box":{"x":125,"y":731,"width":182,"height":1}},{"id":"0a58ba93-b350-439d-8fe0-d529ffac9b53","block_type":"box","text":"1,197 1,144,543","page_number":17,"box":{"x":366,"y":725,"width":117,"height":9}},{"id":"ebb50773-23a3-451b-bfed-c697b9ff38f6","block_type":"box","text":"Honey Intermediate, Inc., Term Loan, (1-mo. CME Term","page_number":17,"box":{"x":31,"y":738,"width":269,"height":9}},{"id":"46911011-5e58-4265-97ce-588fd9cc9b59","block_type":"box","text":"SOFR + 2.88% and 3.38% PIK), 9.89%, 09/30/31","page_number":17,"box":{"x":44,"y":751,"width":238,"height":9}},{"id":"95eb175a-03a4-4f53-a0db-de66f6ada456","block_type":"box","text":"(c)(g)","page_number":17,"box":{"x":285,"y":749,"width":18,"height":6}},{"id":"63160ce0-52c9-47b3-b01a-a92a630fe213","block_type":"box","text":".","page_number":17,"box":{"x":307,"y":757,"width":1,"height":1}},{"id":"2e6c933f-e62d-4603-96e3-2ce5f3d5bc00","block_type":"box","text":"94 91,512","page_number":17,"box":{"x":381,"y":751,"width":102,"height":9}},{"id":"113e223e-7dad-4d18-8d08-4b593384aef1","block_type":"box","text":"HowlCo LLC, 2021 1st Amendment Term Loan, (3-mo.","page_number":17,"box":{"x":31,"y":764,"width":263,"height":9}},{"id":"1acc73b5-2bd4-4d88-8acf-9c492aad62ef","block_type":"box","text":"CME Term SOFR at 1.00% Floor + 3.50% and 3.50%","page_number":17,"box":{"x":44,"y":776,"width":258,"height":8}},{"id":"456ca680-a454-4976-bd0d-7e4c0bd9d8fd","block_type":"box","text":"PIK), 13.83%, 10/22/27","page_number":17,"box":{"x":44,"y":789,"width":113,"height":10}},{"id":"c8df69a0-4520-4975-b44f-82c57aff4b87","block_type":"box","text":"(c)(g)","page_number":17,"box":{"x":158,"y":788,"width":18,"height":6}},{"id":"730fdb9a-6e02-4fc5-85e9-d0f6089001e9","block_type":"box","text":"..........................","page_number":17,"box":{"x":180,"y":796,"width":128,"height":1}},{"id":"14a64a11-8727-4830-a753-2e7c821b5bc2","block_type":"box","text":"1,194 1,092,273","page_number":17,"box":{"x":366,"y":789,"width":117,"height":9}},{"id":"7389accd-138d-40cb-9092-c71feb120019","block_type":"box","text":"HSI Halo Acquisition, Inc.","page_number":17,"box":{"x":31,"y":802,"width":122,"height":10}},{"id":"cf2a5e39-febc-4802-995c-1e28ae6cfa69","block_type":"box","text":"(c)","page_number":17,"box":{"x":154,"y":801,"width":9,"height":6}},{"id":"5a8acc4a-b2e0-49bd-95c4-1ff1e7b4c513","block_type":"box","text":"2024 Delayed Draw Term Loan, (3-mo. CME Term","page_number":17,"box":{"x":43,"y":815,"width":244,"height":10}},{"id":"79266de3-39d5-4bb2-9338-5c64b07bc39c","block_type":"box","text":"SOFR at 0.75% Floor + 5.00%), 8.66%, 06/30/31","page_number":17,"box":{"x":57,"y":828,"width":237,"height":10}},{"id":"7565198d-7416-4df1-998d-aa5906f32e0f","block_type":"box","text":"..","page_number":17,"box":{"x":301,"y":834,"width":7,"height":2}},{"id":"b92185f6-60af-4d7b-b05e-782240440fef","block_type":"box","text":"204 202,294","page_number":17,"box":{"x":375,"y":828,"width":108,"height":9}},{"id":"e322a134-e926-4e51-bcb5-b0484fbb665c","block_type":"box","text":"2024 Term Loan, (1-day CME Term SOFR at 0.75%","page_number":17,"box":{"x":43,"y":841,"width":251,"height":10}},{"id":"dc060b7c-55a0-4f0b-80a7-7634b50d2122","block_type":"box","text":"Floor + 5.00%), 8.66%, 06/30/31","page_number":17,"box":{"x":58,"y":854,"width":156,"height":9}},{"id":"317b21cc-2de2-4b2c-a1f9-a4f05ccc4480","block_type":"box","text":"..................","page_number":17,"box":{"x":221,"y":860,"width":87,"height":1}},{"id":"1d89d081-91a3-4cad-9b50-bbaaa9c3e404","block_type":"box","text":"2,275 2,252,017","page_number":17,"box":{"x":365,"y":854,"width":118,"height":9}},{"id":"4b132295-a765-4adc-9253-23a6a6b6ef13","block_type":"box","text":"Integratecom, Inc.","page_number":17,"box":{"x":31,"y":867,"width":86,"height":9}},{"id":"94d04255-9efc-4f2a-9e1c-a17b7856762a","block_type":"box","text":"(c)","page_number":17,"box":{"x":118,"y":865,"width":9,"height":6}},{"id":"f64a2ce4-03f3-48f0-9aa3-038f50c9dcb3","block_type":"box","text":"Delayed Draw Term Loan, (3-mo. CME Term SOFR at","page_number":17,"box":{"x":44,"y":880,"width":262,"height":9}},{"id":"eba4d2d1-d20e-4749-a5be-c27ac6748685","block_type":"box","text":"1.00% Floor + 6.75%), 10.63%, 12/15/27","page_number":17,"box":{"x":58,"y":892,"width":198,"height":10}},{"id":"a4c2e6d7-89e6-4a33-b81f-0acfff0ba237","block_type":"box","text":"..........","page_number":17,"box":{"x":261,"y":899,"width":47,"height":1}},{"id":"453075d6-dda3-4dbf-afeb-fad1b6b7e642","block_type":"box","text":"104 98,170","page_number":17,"box":{"x":375,"y":893,"width":108,"height":8}},{"id":"def0a0a5-ff92-403e-b11e-e2f90b8cc33f","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":17,"box":{"x":44,"y":905,"width":252,"height":10}},{"id":"72701c63-89a7-4a6b-a38b-7c9a9ee0b902","block_type":"box","text":"6.75%), 10.63%, 12/15/27","page_number":17,"box":{"x":57,"y":918,"width":127,"height":10}},{"id":"5063e2e0-fd50-4b62-8a81-199befd25015","block_type":"box","text":".........................","page_number":17,"box":{"x":185,"y":925,"width":122,"height":1}},{"id":"e4b8b6a1-21df-4f35-8e65-c3e429c5ebbd","block_type":"box","text":"140 132,265","page_number":17,"box":{"x":375,"y":918,"width":108,"height":9}},{"id":"79bac2a3-3769-4229-8b0b-007a6cb050a3","block_type":"box","text":"Security","page_number":17,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"c0b49fa0-98c7-470e-851f-f20a2e71ac4b","block_type":"box","text":"Par","page_number":17,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"f154b8c8-7302-4268-a198-8ac173c453e8","block_type":"box","text":"(000) Value","page_number":17,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"001f1c8c-1a3f-477f-8bcf-b8023ede61a0","block_type":"box","text":"Software (continued)","page_number":17,"box":{"x":521,"y":119,"width":108,"height":10}},{"id":"098eed52-3956-40a9-954f-26dbe9b6263e","block_type":"box","text":"Integratecom, Inc.","page_number":17,"box":{"x":522,"y":132,"width":86,"height":10}},{"id":"ceff557a-8029-4200-a40b-0eb9dc8f82ec","block_type":"box","text":"(c)","page_number":17,"box":{"x":609,"y":130,"width":9,"height":7}},{"id":"7c478ae0-f0b7-49d1-9689-de5b98da03c9","block_type":"box","text":"(continued)","page_number":17,"box":{"x":622,"y":132,"width":54,"height":10}},{"id":"4d897b9d-acef-4c05-b3d0-652d24ccdb0c","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":17,"box":{"x":534,"y":145,"width":262,"height":9}},{"id":"34741f11-4657-4c47-b2b8-5c45f6fd6c1f","block_type":"box","text":"6.75%), 10.63%, 12/15/27","page_number":17,"box":{"x":548,"y":158,"width":126,"height":9}},{"id":"c9a7beaf-79f9-4d39-a6f8-25db24427e6e","block_type":"box","text":".........................","page_number":17,"box":{"x":676,"y":164,"width":122,"height":1}},{"id":"08c7ba8b-f83b-4e96-9dad-9908bc1a52e1","block_type":"box","text":"USD 1,638 $ 1,545,128","page_number":17,"box":{"x":810,"y":157,"width":164,"height":10}},{"id":"168ad28b-05fd-4031-8c37-5938b9996992","block_type":"box","text":"ION Platform Finance U.S., Inc., USD Term Loan, (3-mo.","page_number":17,"box":{"x":522,"y":171,"width":274,"height":9}},{"id":"4a614f13-71f9-433a-a983-5b6e0372a939","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 3.75%), 7.48%,","page_number":17,"box":{"x":535,"y":183,"width":246,"height":10}},{"id":"b6cd8ab5-b96d-4e46-aad2-93b16165df70","block_type":"box","text":"10/07/32","page_number":17,"box":{"x":535,"y":196,"width":41,"height":8}},{"id":"7f43e9b5-507d-4325-ac96-b6144fda6325","block_type":"box","text":"............................................","page_number":17,"box":{"x":580,"y":203,"width":218,"height":1}},{"id":"cd998eb2-acde-4ab6-a250-609e9cf71524","block_type":"box","text":"1,521 1,078,895","page_number":17,"box":{"x":857,"y":196,"width":117,"height":9}},{"id":"7a35fdcc-0d09-459c-8d2f-d106ba9af4dc","block_type":"box","text":"Kaseya, Inc.","page_number":17,"box":{"x":521,"y":209,"width":59,"height":10}},{"id":"0f5f6f52-0729-4b21-b8fa-8b8c65f8e4ea","block_type":"box","text":"2025 1st Lien Term Loan B, (3-mo. CME Term SOFR","page_number":17,"box":{"x":534,"y":222,"width":258,"height":10}},{"id":"0a34e088-33e3-4023-a810-766f6d9be714","block_type":"box","text":"at 0.00% Floor + 3.25%), 6.91%, 03/22/32","page_number":17,"box":{"x":548,"y":235,"width":204,"height":10}},{"id":"d6db31cc-435b-4244-bbc1-284c7c110381","block_type":"box","text":".........","page_number":17,"box":{"x":757,"y":241,"width":41,"height":2}},{"id":"03334dbd-372f-41eb-a253-6133e71b28bc","block_type":"box","text":"2,708 2,083,885","page_number":17,"box":{"x":856,"y":235,"width":118,"height":9}},{"id":"2373560b-482a-422d-beac-e55fb5197ed3","block_type":"box","text":"2025 2nd Lien Term Loan B, (3-mo. CME Term SOFR","page_number":17,"box":{"x":534,"y":248,"width":262,"height":10}},{"id":"ee462378-4372-4372-b71b-680e596d1375","block_type":"box","text":"at 0.00% Floor + 5.00%), 8.66%, 03/21/33","page_number":17,"box":{"x":548,"y":261,"width":204,"height":9}},{"id":"aff4ecf8-2aff-4f80-b165-ee665c61c195","block_type":"box","text":".........","page_number":17,"box":{"x":757,"y":267,"width":41,"height":1}},{"id":"f3083f47-d16e-42fe-b7df-0cd722317e6c","block_type":"box","text":"1,473 885,816","page_number":17,"box":{"x":857,"y":261,"width":117,"height":9}},{"id":"1f68f912-1c67-4972-a637-3d4cca0d6c13","block_type":"box","text":"Keep Truckin, Inc.","page_number":17,"box":{"x":521,"y":274,"width":87,"height":9}},{"id":"50cbd62d-3b5d-4742-b3d7-477b597adcb7","block_type":"box","text":"(c)","page_number":17,"box":{"x":609,"y":272,"width":9,"height":6}},{"id":"52282199-90ca-46f6-991d-daa1e9bf6574","block_type":"box","text":"2024 Term Loan, (1-day CME Term SOFR at 1.00%","page_number":17,"box":{"x":534,"y":287,"width":251,"height":9}},{"id":"b6081ca7-c98f-4e9e-96b3-9f3f1b37eb34","block_type":"box","text":"Floor + 7.25%), 11.01%, 04/08/27","page_number":17,"box":{"x":548,"y":299,"width":163,"height":10}},{"id":"a584bef8-27e8-4557-a362-8047ae36cb28","block_type":"box","text":".................","page_number":17,"box":{"x":717,"y":306,"width":81,"height":1}},{"id":"7fca4b12-cd35-4897-9646-f7ff976787b0","block_type":"box","text":"500 503,500","page_number":17,"box":{"x":866,"y":300,"width":108,"height":8}},{"id":"e363cf5d-7f50-484e-8dda-891ba1188edc","block_type":"box","text":"Delayed Draw Term Loan, (1-mo. CME Term SOFR at","page_number":17,"box":{"x":535,"y":312,"width":262,"height":10}},{"id":"48f46115-0a19-48b0-8a66-c62bf9e34c8e","block_type":"box","text":"1.00% Floor + 7.25%), 11.01%, 04/08/27","page_number":17,"box":{"x":549,"y":325,"width":197,"height":10}},{"id":"d2c96565-4fe2-4970-8b2e-6c5417afc3d0","block_type":"box","text":"..........","page_number":17,"box":{"x":752,"y":332,"width":46,"height":1}},{"id":"e77bffe4-a108-4859-aa61-0591b08cd306","block_type":"box","text":"988 995,010","page_number":17,"box":{"x":866,"y":325,"width":108,"height":9}},{"id":"12c36946-f077-44f8-a15d-bbf969f68025","block_type":"box","text":"Delayed Draw Term Loan 2, (1-mo. CME Term SOFR","page_number":17,"box":{"x":535,"y":338,"width":259,"height":10}},{"id":"79569aeb-25a5-4dc8-95a3-fb1b76618a2c","block_type":"box","text":"at 1.00% Floor + 7.25%), 11.01%, 04/08/27","page_number":17,"box":{"x":548,"y":351,"width":210,"height":10}},{"id":"16b2bcb0-1d9f-40aa-85d8-ce7fc0a2686e","block_type":"box","text":"........","page_number":17,"box":{"x":762,"y":357,"width":36,"height":2}},{"id":"055686d3-6232-4468-8cf2-5fe1769c4ea7","block_type":"box","text":"1,512 1,522,490","page_number":17,"box":{"x":857,"y":351,"width":117,"height":9}},{"id":"9584152d-c9d2-4fd2-a645-33fb9c05c7cb","block_type":"box","text":"Term Loan, (1-mo. CME Term SOFR at 1.00% Floor +","page_number":17,"box":{"x":534,"y":364,"width":262,"height":10}},{"id":"f30a04cd-a97b-4d99-b444-84c9be04ef21","block_type":"box","text":"7.25%), 11.01%, 04/08/27","page_number":17,"box":{"x":548,"y":377,"width":126,"height":9}},{"id":"e71442a0-b923-4e12-a387-9840456f7ff8","block_type":"box","text":".........................","page_number":17,"box":{"x":676,"y":383,"width":122,"height":1}},{"id":"0dbf4910-c211-4783-892c-80a3fd3f540e","block_type":"box","text":"2,000 2,014,000","page_number":17,"box":{"x":856,"y":377,"width":118,"height":9}},{"id":"8cf30cf7-892e-4314-8c13-9ef888774877","block_type":"box","text":"Lightspeed Solution LLC","page_number":17,"box":{"x":521,"y":390,"width":119,"height":9}},{"id":"dea465bd-e3f8-49ed-8365-cfccaec06e88","block_type":"box","text":"(c)","page_number":17,"box":{"x":641,"y":388,"width":9,"height":6}},{"id":"08ee3342-d788-4ce5-a90a-468eade31c66","block_type":"box","text":"2025 2nd Amendment Incremental Term Loan, (1-mo.","page_number":17,"box":{"x":534,"y":403,"width":260,"height":9}},{"id":"458b8e1d-c831-4015-94d6-aed346fabb4c","block_type":"box","text":"CME Term SOFR at 0.75% Floor + 6.00%), 9.65%,","page_number":17,"box":{"x":548,"y":415,"width":247,"height":10}},{"id":"63d1a24d-eea3-4fb6-bd16-659b5002dba4","block_type":"box","text":"03/01/28","page_number":17,"box":{"x":548,"y":428,"width":42,"height":8}},{"id":"858e8c01-9cb7-40f7-9eb4-a976d7840b56","block_type":"box","text":".........................................","page_number":17,"box":{"x":596,"y":435,"width":202,"height":1}},{"id":"2065a7dc-091f-4414-a161-71a4ff819f6e","block_type":"box","text":"92 90,923","page_number":17,"box":{"x":872,"y":428,"width":102,"height":9}},{"id":"bd815581-dca4-4324-a094-65ef03a58e01","block_type":"box","text":"Delayed Draw Term Loan, (1-mo. CME Term SOFR at","page_number":17,"box":{"x":535,"y":441,"width":262,"height":10}},{"id":"37300199-f086-4f69-ac65-4e7fabf0315b","block_type":"box","text":"0.75% Floor + 6.00%), 9.65%, 03/01/28","page_number":17,"box":{"x":548,"y":454,"width":192,"height":10}},{"id":"caf9c590-9d4d-4ef7-b173-376168aed620","block_type":"box","text":"............","page_number":17,"box":{"x":742,"y":460,"width":56,"height":2}},{"id":"46b334ef-88c1-409b-94d7-63256f53af4b","block_type":"box","text":"28 27,259","page_number":17,"box":{"x":872,"y":454,"width":102,"height":9}},{"id":"4043e9b5-422d-400c-bad7-e3e8f28da185","block_type":"box","text":"Term Loan, (1-mo. CME Term SOFR at 0.75% Floor +","page_number":17,"box":{"x":534,"y":467,"width":262,"height":10}},{"id":"a704172c-d59d-487e-912a-8629d7adb2bc","block_type":"box","text":"6.00%), 9.65%, 03/01/28","page_number":17,"box":{"x":548,"y":480,"width":120,"height":10}},{"id":"08a5442b-c354-4a8a-aa78-60b5cace8197","block_type":"box","text":"..........................","page_number":17,"box":{"x":671,"y":486,"width":127,"height":1}},{"id":"ea112cba-92bf-42a5-9cc4-5fda534f72f8","block_type":"box","text":"417 413,297","page_number":17,"box":{"x":865,"y":480,"width":109,"height":9}},{"id":"a361176c-37f0-4293-9976-1b0d45b639ab","block_type":"box","text":"LogicMonitor, Inc., 2024 Term Loan, (3-mo. CME Term","page_number":17,"box":{"x":521,"y":493,"width":264,"height":9}},{"id":"324f5b0f-8008-45bc-9f57-0b745066b13d","block_type":"box","text":"SOFR at 0.75% Floor + 5.50%), 9.16%, 11/19/31","page_number":17,"box":{"x":535,"y":506,"width":235,"height":9}},{"id":"ea00dbe7-7eb8-4c4c-a51e-855e4ab956e5","block_type":"box","text":"(c)","page_number":17,"box":{"x":773,"y":504,"width":9,"height":6}},{"id":"d0314beb-2093-43ab-8373-3a07357d2017","block_type":"box","text":"...","page_number":17,"box":{"x":787,"y":512,"width":11,"height":1}},{"id":"e1d6c5a5-fcd2-4ffb-95e5-38e243a1b217","block_type":"box","text":"200 193,038","page_number":17,"box":{"x":865,"y":506,"width":109,"height":9}},{"id":"4dd5f88c-0d44-4f61-90f8-b25eabb31875","block_type":"box","text":"Magenta Security Holdings LLC, 2024 Super Priority","page_number":17,"box":{"x":521,"y":519,"width":255,"height":9}},{"id":"8f1d8da0-dbf8-45d0-b1d0-eda847a3cebb","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":17,"box":{"x":534,"y":531,"width":262,"height":10}},{"id":"802e6368-bc3c-497b-b433-64f92273f842","block_type":"box","text":"6.25%), 9.91%, 07/27/28","page_number":17,"box":{"x":534,"y":544,"width":121,"height":10}},{"id":"e92471f8-8308-4670-9060-308806f5a1c8","block_type":"box","text":"............................","page_number":17,"box":{"x":661,"y":551,"width":137,"height":1}},{"id":"834b5ae3-02fb-4e6e-8158-16984b932def","block_type":"box","text":"4,069 3,979,610","page_number":17,"box":{"x":856,"y":544,"width":118,"height":9}},{"id":"4b8cc4fb-751f-4c60-82de-8c6328154ad0","block_type":"box","text":"Mitchell International, Inc., 2026 Add-on Term Loan, (1-","page_number":17,"box":{"x":521,"y":557,"width":267,"height":10}},{"id":"fb92a12a-a3e1-44cc-b1f8-1b7171c9c880","block_type":"box","text":"mo. CME Term SOFR at 0.50% Floor + 3.00%),","page_number":17,"box":{"x":535,"y":570,"width":230,"height":10}},{"id":"d2bf3368-343a-478b-b92e-0e2841e1ffb1","block_type":"box","text":"6.64%, 06/17/31","page_number":17,"box":{"x":534,"y":583,"width":78,"height":9}},{"id":"67bddfd6-1e49-43ca-a68a-03f3d4abaacc","block_type":"box","text":".....................................","page_number":17,"box":{"x":616,"y":589,"width":182,"height":2}},{"id":"8203a7d1-8441-4a94-b9f2-150019d26a1a","block_type":"box","text":"1,358 1,289,907","page_number":17,"box":{"x":857,"y":583,"width":117,"height":9}},{"id":"770f3e96-9eb8-4fde-8d9b-c67cfbaa2cb6","block_type":"box","text":"Oak Purchaser, Inc.","page_number":17,"box":{"x":521,"y":596,"width":95,"height":9}},{"id":"27cda38f-b317-4738-96fa-12022343d383","block_type":"box","text":"(c)","page_number":17,"box":{"x":618,"y":595,"width":9,"height":6}},{"id":"f9912bab-04b5-47de-b4a4-0fa812467621","block_type":"box","text":"2024 Delayed Draw Term Loan, (3-mo. CME Term","page_number":17,"box":{"x":534,"y":609,"width":244,"height":10}},{"id":"2bddd2a2-2368-44a4-a9a4-38f2725cf95f","block_type":"box","text":"SOFR at 0.75% Floor + 5.50%), 9.23%, 05/31/28","page_number":17,"box":{"x":548,"y":622,"width":238,"height":9}},{"id":"87e23508-ce6f-4d9c-9ac4-c3ee17d2a768","block_type":"box","text":"..","page_number":17,"box":{"x":792,"y":628,"width":6,"height":1}},{"id":"672862f0-10c9-4ab2-b112-acdcaaa43b97","block_type":"box","text":"64 62,847","page_number":17,"box":{"x":872,"y":622,"width":102,"height":9}},{"id":"10479bf1-ebac-44c1-97a2-880dc838f3b6","block_type":"box","text":"2024 Term Loan, (3-mo. CME Term SOFR at 0.75%","page_number":17,"box":{"x":534,"y":635,"width":252,"height":9}},{"id":"565a504f-4706-465e-87d8-b9bd74937c5e","block_type":"box","text":"Floor + 5.50%), 9.23%, 05/31/28","page_number":17,"box":{"x":548,"y":648,"width":158,"height":9}},{"id":"7aabfd07-277f-40be-bd56-625d831128f7","block_type":"box","text":"..................","page_number":17,"box":{"x":712,"y":654,"width":86,"height":1}},{"id":"e78d8729-6576-4485-b0ae-fe0c505b3168","block_type":"box","text":"262 258,783","page_number":17,"box":{"x":865,"y":648,"width":109,"height":8}},{"id":"23a21140-01ac-40ec-8c53-9b361eba2931","block_type":"box","text":"Delayed Draw Term Loan, (3-mo. CME Term SOFR at","page_number":17,"box":{"x":535,"y":660,"width":262,"height":10}},{"id":"9ecf890f-750c-47cd-b258-f05df56b541e","block_type":"box","text":"0.75% Floor + 5.50%), 9.23%, 05/31/28","page_number":17,"box":{"x":548,"y":673,"width":192,"height":10}},{"id":"a1220c93-92b0-4665-ad99-2092e6ee9e7a","block_type":"box","text":"............","page_number":17,"box":{"x":742,"y":680,"width":56,"height":1}},{"id":"676682c0-e3a0-44eb-bb89-635dd404990c","block_type":"box","text":"1,439 1,433,397","page_number":17,"box":{"x":857,"y":673,"width":117,"height":9}},{"id":"aacb9b69-b1d9-4b56-8c41-98b34a8eeea7","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR at 0.75% Floor +","page_number":17,"box":{"x":535,"y":686,"width":252,"height":10}},{"id":"9606343e-b69c-41a8-91ad-3b77ea6a848c","block_type":"box","text":"5.50%), 9.16%, 05/31/28","page_number":17,"box":{"x":548,"y":699,"width":120,"height":10}},{"id":"d12ef437-4937-46d1-9087-99af2b74ca03","block_type":"box","text":"..........................","page_number":17,"box":{"x":671,"y":705,"width":127,"height":2}},{"id":"fa4f0d26-c262-4e91-a32b-c4536710e71a","block_type":"box","text":"58 57,335","page_number":17,"box":{"x":872,"y":699,"width":102,"height":9}},{"id":"8a159289-61b2-4d8c-8efd-cf13ca45f013","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 0.75% Floor +","page_number":17,"box":{"x":534,"y":712,"width":262,"height":10}},{"id":"2f74812c-f8c5-4307-be7a-a31fafa48be8","block_type":"box","text":"5.50%), 9.23%, 05/31/28","page_number":17,"box":{"x":548,"y":725,"width":120,"height":10}},{"id":"4698c1fe-c18a-4d79-9e5a-350cf53f99bc","block_type":"box","text":"..........................","page_number":17,"box":{"x":671,"y":731,"width":127,"height":1}},{"id":"6d80793e-9262-4679-a0e9-f32c7d3101f4","block_type":"box","text":"2,159 2,150,095","page_number":17,"box":{"x":856,"y":725,"width":118,"height":9}},{"id":"b26dc389-4070-4c04-b39b-c1b4ab1622f1","block_type":"box","text":"Ping Identity Corp., 2025 Term Loan, (1-mo. CME Term","page_number":17,"box":{"x":521,"y":738,"width":268,"height":9}},{"id":"bdcf4b71-3173-4e77-ba09-d4e51bbae8fa","block_type":"box","text":"SOFR at 0.00% Floor + 2.75%), 6.38%, 11/15/32","page_number":17,"box":{"x":535,"y":751,"width":237,"height":9}},{"id":"7deb86ae-6e86-46d1-b25c-f8d6a42a7235","block_type":"box","text":".....","page_number":17,"box":{"x":777,"y":757,"width":21,"height":1}},{"id":"11a0f796-3d72-4ac9-83fc-756c34c7a654","block_type":"box","text":"610 593,297","page_number":17,"box":{"x":866,"y":751,"width":108,"height":9}},{"id":"f0df6c79-f290-48c3-9814-8c4d335a6d01","block_type":"box","text":"Pluralsight, Inc.","page_number":17,"box":{"x":521,"y":764,"width":74,"height":9}},{"id":"ae4aadba-7e31-4aec-bc3a-4cb503b0687c","block_type":"box","text":"(c)","page_number":17,"box":{"x":596,"y":762,"width":9,"height":6}},{"id":"6345e188-5a0d-4d6f-b02d-0bdeff8eed76","block_type":"box","text":"2024 First Priority Term Loan, (1-mo. CME Term","page_number":17,"box":{"x":534,"y":776,"width":233,"height":10}},{"id":"a62c26b4-aff9-45b5-a5c5-e1ec89694389","block_type":"box","text":"SOFR at 1.00% Floor + 3.00% and 1.50% PIK),","page_number":17,"box":{"x":548,"y":789,"width":231,"height":10}},{"id":"75d6243c-7385-4b0a-9173-784eef32815c","block_type":"box","text":"8.14%, 08/22/29","page_number":17,"box":{"x":548,"y":802,"width":79,"height":9}},{"id":"020ab456-8dbb-4fda-a790-edb7ddb6d01d","block_type":"box","text":"(g)","page_number":17,"box":{"x":628,"y":801,"width":9,"height":6}},{"id":"acbc54d3-3da8-4247-9e34-e3038722f794","block_type":"box","text":"................................","page_number":17,"box":{"x":641,"y":809,"width":157,"height":1}},{"id":"f8867a06-3348-408b-a07c-53b6d9a8236d","block_type":"box","text":"426 344,770","page_number":17,"box":{"x":865,"y":802,"width":109,"height":9}},{"id":"ba9e309c-95bc-450b-b3a7-9650f59c9752","block_type":"box","text":"2024 Second Priority Term Loan B, 08/22/29","page_number":17,"box":{"x":534,"y":815,"width":216,"height":10}},{"id":"257a2dd9-133a-4e24-ba74-28ba4cd69565","block_type":"box","text":"(d)(j)(l)","page_number":17,"box":{"x":751,"y":814,"width":24,"height":6}},{"id":"5be5ddd2-5f40-422e-9751-51c402916069","block_type":"box","text":".....","page_number":17,"box":{"x":777,"y":821,"width":22,"height":2}},{"id":"e1baeb05-eee6-40ec-9e03-2ca4f9ad2d6a","block_type":"box","text":"772 9,264","page_number":17,"box":{"x":866,"y":815,"width":108,"height":9}},{"id":"98cb58d6-a5d9-4586-b364-3e1a011c3a51","block_type":"box","text":"2024 Term Loan, (1-mo. CME Term SOFR at 1.00%","page_number":17,"box":{"x":534,"y":828,"width":252,"height":10}},{"id":"31d11c99-77b7-495e-abae-fc4fd7ae1428","block_type":"box","text":"Floor + 3.00% and 1.50% PIK), 8.14%, 08/22/29","page_number":17,"box":{"x":548,"y":841,"width":235,"height":10}},{"id":"fd0bf44d-97d5-4e59-9372-fd9d98d29101","block_type":"box","text":"(g)","page_number":17,"box":{"x":784,"y":840,"width":9,"height":6}},{"id":"9e031d27-957b-494c-9854-4719a72e5def","block_type":"box","text":".","page_number":17,"box":{"x":797,"y":847,"width":1,"height":1}},{"id":"caf05857-6a45-4ba0-a8ea-dde8c6e9c3d6","block_type":"box","text":"228 184,642","page_number":17,"box":{"x":865,"y":841,"width":109,"height":9}},{"id":"1deeaf20-c1bd-4e7e-94b5-bd95403d7ee2","block_type":"box","text":"Polaris Newco LLC, USD Term Loan B, (3-mo. CME","page_number":17,"box":{"x":521,"y":854,"width":253,"height":9}},{"id":"649c5072-18a5-4223-af16-fba2245cac2f","block_type":"box","text":"Term SOFR at 0.50% Floor + 4.26%), 7.93%,","page_number":17,"box":{"x":534,"y":867,"width":220,"height":9}},{"id":"c7a5ace0-0ec5-4efc-aa41-ce01bafae5a1","block_type":"box","text":"06/02/28","page_number":17,"box":{"x":534,"y":880,"width":42,"height":7}},{"id":"3a0b5c64-3f5b-4c94-b2ae-c603ed37448b","block_type":"box","text":"............................................","page_number":17,"box":{"x":580,"y":886,"width":218,"height":1}},{"id":"7d7cba43-489d-4972-a470-48ca074fb52f","block_type":"box","text":"5,638 4,877,579","page_number":17,"box":{"x":856,"y":880,"width":118,"height":9}},{"id":"1f52cb62-299f-48e7-9a4e-4495c1da909b","block_type":"box","text":"Project Alpha Intermediate Holding, Inc., 2024 1st Lien","page_number":17,"box":{"x":521,"y":893,"width":265,"height":9}},{"id":"997107b4-38eb-439a-9aa4-62d3061943d8","block_type":"box","text":"Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor","page_number":17,"box":{"x":534,"y":905,"width":264,"height":10}},{"id":"bac81ccf-93c0-4647-b2b5-9e55955247ae","block_type":"box","text":"+ 3.25%), 6.98%, 10/26/30","page_number":17,"box":{"x":535,"y":918,"width":129,"height":10}},{"id":"9587c0aa-b4ef-43d9-972e-c8ecc6221b1e","block_type":"box","text":"...........................","page_number":17,"box":{"x":666,"y":925,"width":132,"height":1}},{"id":"40b50feb-e136-49fd-ac7a-e07c69a8ed81","block_type":"box","text":"1,419 1,021,221","page_number":17,"box":{"x":857,"y":918,"width":115,"height":9}},{"id":"3c2fce89-360a-4a6c-a7f7-453257aeb2b9","block_type":"box","text":"Consolidated Schedule of Investments","page_number":17,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"2e33da35-351e-4387-a1c6-7ebfda2bcd6c","block_type":"box","text":"(unaudited) (continued)","page_number":17,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"c9821631-a340-429d-b20c-acf31130c63f","block_type":"box","text":"June 30, 2026","page_number":17,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"4c2bc2c8-e931-4d30-ab3d-b16c33243cf5","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":17,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"c57c8e54-4e29-4529-8166-a6dc750dc602","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":17,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"374fff83-a2a3-4884-903e-6193ce49bb0f","block_type":"box","text":"C","page_number":17,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"90a31049-40db-4bfb-8d66-159574c395a8","block_type":"box","text":"ONSOLIDATED","page_number":17,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"ed483029-61e7-46f7-a6ba-b81cbe9f86d5","block_type":"box","text":"S","page_number":17,"box":{"x":147,"y":967,"width":6,"height":7}},{"id":"92605016-d605-40d4-abd8-657f519bdde4","block_type":"box","text":"CHEDULE OF","page_number":17,"box":{"x":158,"y":969,"width":86,"height":5}},{"id":"5bc1fd2e-0a48-46c8-afdd-d1751069d044","block_type":"box","text":"I","page_number":17,"box":{"x":256,"y":967,"width":1,"height":7}},{"id":"4c51b5b1-e28b-42a1-8b7d-7e14623a273a","block_type":"box","text":"NVESTMENTS","page_number":17,"box":{"x":263,"y":969,"width":87,"height":5}},{"id":"5e8ffd18-2dd5-4d6a-b591-4a860c5a486a","block_type":"box","text":"NM0826U-5876566-17/56","page_number":17,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"3ea54184-ac3d-44a5-a0d2-64e7d040101e","block_type":"box","text":"17","page_number":17,"box":{"x":955,"y":965,"width":13,"height":9}},{"id":"2a62b6bf-197e-4f6d-8587-8dff30d40023","block_type":"box","text":"Security","page_number":18,"box":{"x":31,"y":98,"width":39,"height":9}},{"id":"2f438544-329f-47c7-b195-e89bba54e62f","block_type":"box","text":"Par","page_number":18,"box":{"x":376,"y":85,"width":18,"height":7}},{"id":"09346e45-2081-4b0e-8a85-fe64591878a9","block_type":"box","text":"(000) Value","page_number":18,"box":{"x":368,"y":98,"width":115,"height":9}},{"id":"8d1e6157-3507-4b5a-aa21-25c5a74dc54f","block_type":"box","text":"Software (continued)","page_number":18,"box":{"x":30,"y":119,"width":108,"height":10}},{"id":"ff510e14-fb8e-4345-ae4f-1cecf9e307e7","block_type":"box","text":"Proofpoint, Inc., 2025 Repriced Term Loan, (3-mo. CME","page_number":18,"box":{"x":31,"y":132,"width":271,"height":10}},{"id":"a2eb9dde-b2bb-48ac-b89e-8bf6357d4e9d","block_type":"box","text":"Term SOFR at 0.50% Floor + 3.00%), 6.73%,","page_number":18,"box":{"x":43,"y":145,"width":220,"height":9}},{"id":"46fbb929-516a-48ad-ac77-954efe3507af","block_type":"box","text":"08/31/28","page_number":18,"box":{"x":44,"y":158,"width":42,"height":7}},{"id":"612f8ae1-1b2f-4fe5-8d03-082bffc3af45","block_type":"box","text":"............................................","page_number":18,"box":{"x":90,"y":164,"width":217,"height":1}},{"id":"fc965f47-38c0-414f-8b37-95a6c1d3225e","block_type":"box","text":"USD 2,756 $ 2,655,890","page_number":18,"box":{"x":320,"y":157,"width":163,"height":10}},{"id":"7305e9d2-d403-4468-886c-19da659feb74","block_type":"box","text":"Red Planet Borrower LLC, 2025 Term Loan B, (1-mo.","page_number":18,"box":{"x":31,"y":171,"width":257,"height":9}},{"id":"332608e7-bda5-4301-a905-16d207820478","block_type":"box","text":"CME Term SOFR at 0.50% Floor + 3.75%), 7.39%,","page_number":18,"box":{"x":44,"y":183,"width":246,"height":10}},{"id":"0cb418a7-7baa-4dee-9269-9ffb194c156a","block_type":"box","text":"09/08/32","page_number":18,"box":{"x":44,"y":196,"width":41,"height":8}},{"id":"d745609c-62b0-4b37-8941-81bf07069e13","block_type":"box","text":"............................................","page_number":18,"box":{"x":90,"y":203,"width":217,"height":1}},{"id":"d537e479-4fe9-4dc0-9a7d-c6aa96c146b6","block_type":"box","text":"2,379 2,376,082","page_number":18,"box":{"x":365,"y":196,"width":118,"height":9}},{"id":"1030e059-950b-4d76-9f37-d75da136d650","block_type":"box","text":"Rocket Software, Inc., 2023 USD Term Loan B, (1-mo.","page_number":18,"box":{"x":31,"y":209,"width":263,"height":10}},{"id":"0d169bdb-be22-46db-b808-86a16d8cafc9","block_type":"box","text":"CME Term SOFR at 0.50% Floor + 3.75%), 7.39%,","page_number":18,"box":{"x":44,"y":222,"width":246,"height":10}},{"id":"63d0f059-60a9-4102-9374-80f7315e2965","block_type":"box","text":"11/28/28","page_number":18,"box":{"x":44,"y":235,"width":41,"height":8}},{"id":"a070674e-6305-4aae-b84d-6af30469c662","block_type":"box","text":"............................................","page_number":18,"box":{"x":90,"y":241,"width":217,"height":2}},{"id":"b2c365e2-efc5-41ce-9075-26ed8222e754","block_type":"box","text":"3,806 3,608,303","page_number":18,"box":{"x":366,"y":235,"width":117,"height":9}},{"id":"6e99f1c9-fdb8-48fd-8b90-7b07865f0cee","block_type":"box","text":"Serrano Parent LLC","page_number":18,"box":{"x":30,"y":248,"width":97,"height":8}},{"id":"25e03cd5-8193-47e6-a159-5f838c4a5535","block_type":"box","text":"(c)","page_number":18,"box":{"x":128,"y":247,"width":9,"height":6}},{"id":"eb41acb1-b64c-40f4-a40e-a34d9c3aded0","block_type":"box","text":"Revolver, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":18,"box":{"x":44,"y":261,"width":252,"height":9}},{"id":"3b101660-a28a-422f-bd40-3de5d7218d61","block_type":"box","text":"6.50%), 10.15%, 05/13/30","page_number":18,"box":{"x":57,"y":274,"width":127,"height":9}},{"id":"20ca2652-f547-491a-8e6e-2cad02904cd4","block_type":"box","text":".........................","page_number":18,"box":{"x":185,"y":280,"width":122,"height":1}},{"id":"aa209ac0-91ef-4abe-b06f-cf226bd99ab8","block_type":"box","text":"2 1,940","page_number":18,"box":{"x":387,"y":274,"width":96,"height":9}},{"id":"7b681625-ee61-4052-ad30-68131758391b","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 1.00% Floor +","page_number":18,"box":{"x":43,"y":287,"width":262,"height":9}},{"id":"877b9792-0dde-414e-b616-6887b8c7e5ac","block_type":"box","text":"6.50%), 10.15%, 05/13/30","page_number":18,"box":{"x":57,"y":299,"width":127,"height":10}},{"id":"61b2b338-1452-418f-a75d-62a674017ef5","block_type":"box","text":".........................","page_number":18,"box":{"x":185,"y":306,"width":122,"height":1}},{"id":"c9faab30-2e44-4ead-9cc9-24e88e6dda50","block_type":"box","text":"90 81,042","page_number":18,"box":{"x":381,"y":300,"width":102,"height":8}},{"id":"b0bc913b-c011-4e22-8f87-a879383ecea8","block_type":"box","text":"Smarsh, Inc.","page_number":18,"box":{"x":30,"y":312,"width":61,"height":9}},{"id":"d0020473-46ff-45fa-b12e-4069f1dad68e","block_type":"box","text":"(c)","page_number":18,"box":{"x":92,"y":311,"width":9,"height":6}},{"id":"7661d701-9cb9-4e14-9a4e-853f9e4d4fb7","block_type":"box","text":"2022 Delayed Draw Term Loan, (3-mo. CME Term","page_number":18,"box":{"x":43,"y":325,"width":244,"height":10}},{"id":"1e50ccc1-3fda-413a-8e8d-22e78fd01b31","block_type":"box","text":"SOFR at 0.75% Floor + 4.75%), 8.48%, 02/16/29","page_number":18,"box":{"x":57,"y":338,"width":238,"height":10}},{"id":"881651ee-07c7-4791-8b43-3890d1c75591","block_type":"box","text":"..","page_number":18,"box":{"x":301,"y":344,"width":7,"height":2}},{"id":"7e946be8-2374-4e9b-81bd-ac2329ef2ac6","block_type":"box","text":"42 39,495","page_number":18,"box":{"x":381,"y":338,"width":102,"height":9}},{"id":"de2850e3-ddce-4c2b-b00b-108ae5b0443e","block_type":"box","text":"2022 Revolver, (3-mo. CME Term SOFR at 0.75%","page_number":18,"box":{"x":43,"y":351,"width":243,"height":10}},{"id":"8425ae31-d8ae-4e38-b662-8b77f60adf6e","block_type":"box","text":"Floor + 4.75%), 8.42%, 02/16/29","page_number":18,"box":{"x":58,"y":364,"width":157,"height":10}},{"id":"eb60970c-43f5-4715-8b56-cd401d61ba0e","block_type":"box","text":"..................","page_number":18,"box":{"x":221,"y":370,"width":87,"height":1}},{"id":"b30a80c3-a5d2-49ec-be75-6d4518f55e1d","block_type":"box","text":"55 50,999","page_number":18,"box":{"x":381,"y":364,"width":102,"height":9}},{"id":"b9b53b5c-bd5d-40b3-bdb6-23650cbf58e7","block_type":"box","text":"2025 Term Loan, (3-mo. CME Term SOFR at 0.75%","page_number":18,"box":{"x":43,"y":377,"width":252,"height":9}},{"id":"c3870216-e91e-4640-8b8f-25a717d70513","block_type":"box","text":"Floor + 4.75%), 8.48%, 02/16/29","page_number":18,"box":{"x":58,"y":390,"width":157,"height":9}},{"id":"4fc36691-5bec-452f-b08c-32172c741c5d","block_type":"box","text":"..................","page_number":18,"box":{"x":221,"y":396,"width":87,"height":1}},{"id":"0676bd66-b6da-4f13-bc24-45ac87c915df","block_type":"box","text":"1,714 1,601,143","page_number":18,"box":{"x":366,"y":390,"width":117,"height":9}},{"id":"a89fcd4a-bec6-4556-979e-746038992e86","block_type":"box","text":"SonicWall U.S. Holdings, Inc., 2026 FL20 Term Loan 1,","page_number":18,"box":{"x":30,"y":403,"width":268,"height":9}},{"id":"594282b1-24ef-44a8-b1bf-01d8cb56fe3b","block_type":"box","text":"04/26/30","page_number":18,"box":{"x":44,"y":415,"width":42,"height":8}},{"id":"c0357432-dce4-42b8-af4c-e72e47b6990b","block_type":"box","text":"(c)(l)","page_number":18,"box":{"x":87,"y":414,"width":16,"height":6}},{"id":"8603508f-020e-4055-b192-39410f6eac86","block_type":"box","text":".........................................","page_number":18,"box":{"x":105,"y":422,"width":202,"height":1}},{"id":"9539ec58-697b-4414-9c51-bea79ddab77e","block_type":"box","text":"216 84,053","page_number":18,"box":{"x":375,"y":416,"width":108,"height":8}},{"id":"305857ae-8319-4e06-aff0-a7afa6d33a92","block_type":"box","text":"Sophos Holdings LLC, 2025 Incremental Term Loan,","page_number":18,"box":{"x":30,"y":428,"width":255,"height":10}},{"id":"5b534c09-9b7b-4444-8d41-0ef709092112","block_type":"box","text":"(1-mo. CME Term SOFR at 0.00% Floor + 3.50%),","page_number":18,"box":{"x":44,"y":441,"width":244,"height":10}},{"id":"5b31ff63-6051-44e3-bba8-4c76b27da6ff","block_type":"box","text":"7.26%, 03/05/27","page_number":18,"box":{"x":44,"y":454,"width":79,"height":9}},{"id":"f5b5dff1-d6d2-4efe-a79d-4ff713329967","block_type":"box","text":".....................................","page_number":18,"box":{"x":125,"y":460,"width":182,"height":2}},{"id":"6c031f63-e9b6-4e92-a1cb-47f13b097033","block_type":"box","text":"1,755 1,623,814","page_number":18,"box":{"x":366,"y":454,"width":117,"height":9}},{"id":"8ee211d6-770b-425c-bbdf-827bb60360fc","block_type":"box","text":"Storable Intermediate Holdings LLC, 2025 Term Loan B,","page_number":18,"box":{"x":30,"y":467,"width":272,"height":10}},{"id":"57c18f52-23bb-4975-8b04-31cfa77dabec","block_type":"box","text":"(1-mo. CME Term SOFR at 0.00% Floor + 3.25%),","page_number":18,"box":{"x":44,"y":480,"width":244,"height":10}},{"id":"bdcc332e-7bbd-45c9-992b-9c2f71530b64","block_type":"box","text":"6.89%, 04/16/31","page_number":18,"box":{"x":44,"y":493,"width":77,"height":9}},{"id":"9e12fcfd-7e82-4869-8eb3-8a9f7073db57","block_type":"box","text":".....................................","page_number":18,"box":{"x":125,"y":499,"width":182,"height":1}},{"id":"aa080e90-3492-40a6-a3ab-5523c53c0ccd","block_type":"box","text":"448 398,387","page_number":18,"box":{"x":374,"y":493,"width":109,"height":9}},{"id":"be9d511b-9e0a-45fc-aa9e-2f140066de80","block_type":"box","text":"Thunder Purchaser, Inc.","page_number":18,"box":{"x":30,"y":506,"width":116,"height":9}},{"id":"4b06e6d1-ca01-4ff2-aafc-f9d8658e5520","block_type":"box","text":"(c)","page_number":18,"box":{"x":148,"y":504,"width":9,"height":6}},{"id":"58a64b50-11ed-404e-a184-aabfdc9152f3","block_type":"box","text":"2024 Incremental Delayed Draw Term Loan, (3-mo.","page_number":18,"box":{"x":43,"y":519,"width":250,"height":9}},{"id":"79440f65-7d2f-4ef7-8d8d-a47419b84f87","block_type":"box","text":"CME Term SOFR at 1.00% Floor + 5.25%), 9.13%,","page_number":18,"box":{"x":57,"y":531,"width":247,"height":10}},{"id":"085bb30e-1c79-4e6a-b054-2b0914ad85de","block_type":"box","text":"06/30/28","page_number":18,"box":{"x":57,"y":544,"width":42,"height":8}},{"id":"ef6bea6b-45ba-46e3-9a29-30dfe2dcec47","block_type":"box","text":".........................................","page_number":18,"box":{"x":105,"y":551,"width":202,"height":1}},{"id":"6c1a34a7-963b-4f70-9077-cde6d9ce7436","block_type":"box","text":"683 674,618","page_number":18,"box":{"x":375,"y":544,"width":108,"height":9}},{"id":"0e559401-fafb-4179-91cb-71cd3b6a441f","block_type":"box","text":"2024 Incremental Term Loan, (3-mo. CME Term","page_number":18,"box":{"x":43,"y":557,"width":232,"height":10}},{"id":"2029fb62-abdb-4d1e-b8ba-9c98dcb77bec","block_type":"box","text":"SOFR at 1.00% Floor + 5.25%), 9.13%, 06/30/28","page_number":18,"box":{"x":57,"y":570,"width":238,"height":10}},{"id":"900052d4-e0a4-47d4-979e-d93d5c931a1a","block_type":"box","text":"..","page_number":18,"box":{"x":301,"y":577,"width":7,"height":1}},{"id":"946aa1ce-a7cb-407c-99e9-e9cfe0b86713","block_type":"box","text":"383 377,786","page_number":18,"box":{"x":375,"y":570,"width":108,"height":9}},{"id":"e68dd171-b170-455a-a921-3dd8ec2a19c4","block_type":"box","text":"2024 Refinancing Term Loan, (3-mo. CME Term","page_number":18,"box":{"x":43,"y":583,"width":233,"height":10}},{"id":"bfcb0551-f60c-4de4-bd33-c3fce81c0010","block_type":"box","text":"SOFR at 1.00% Floor + 5.25%), 9.13%, 06/30/28","page_number":18,"box":{"x":57,"y":596,"width":238,"height":10}},{"id":"730016f7-620e-48ce-b84a-3e8cea882c80","block_type":"box","text":"..","page_number":18,"box":{"x":301,"y":602,"width":7,"height":1}},{"id":"6916ed62-f630-40f5-9e51-9b9002f95eb8","block_type":"box","text":"3,026 2,987,065","page_number":18,"box":{"x":366,"y":596,"width":117,"height":9}},{"id":"60d05e4b-a206-48b5-bf8b-1c501ea67d4e","block_type":"box","text":"Trading Tech International, Inc.","page_number":18,"box":{"x":30,"y":609,"width":150,"height":10}},{"id":"ffd5deae-9eb6-4860-9b7f-397b1d1d708e","block_type":"box","text":"(c)","page_number":18,"box":{"x":181,"y":607,"width":9,"height":7}},{"id":"865e7299-5d24-4c37-a430-2c4f04e9901f","block_type":"box","text":"Delayed Draw Term Loan, (3-mo. CME Term SOFR at","page_number":18,"box":{"x":44,"y":622,"width":262,"height":9}},{"id":"fe216949-25a7-42b9-ae31-69626dc00144","block_type":"box","text":"0.50% Floor + 4.25%), 7.91%, 11/04/32","page_number":18,"box":{"x":57,"y":635,"width":192,"height":9}},{"id":"58337781-d776-408e-a390-903bf74cb454","block_type":"box","text":"............","page_number":18,"box":{"x":251,"y":641,"width":57,"height":1}},{"id":"08b37651-ff42-45b4-8ba3-a72e67e2debb","block_type":"box","text":"911 892,531","page_number":18,"box":{"x":376,"y":635,"width":105,"height":9}},{"id":"78f868a0-30d2-4ce7-aa24-e7426e559973","block_type":"box","text":"Term Loan, (3-mo. CME Term SOFR at 0.50% Floor +","page_number":18,"box":{"x":43,"y":648,"width":262,"height":9}},{"id":"6ce5d211-217c-4d25-9b71-e63a2fe36bc5","block_type":"box","text":"4.25%), 7.91%, 11/04/32","page_number":18,"box":{"x":57,"y":660,"width":120,"height":10}},{"id":"c78d868d-afb5-4568-8330-398fc5c26350","block_type":"box","text":"..........................","page_number":18,"box":{"x":180,"y":667,"width":127,"height":1}},{"id":"abbfd50a-9c6a-434b-8f7b-40e5b660ee2a","block_type":"box","text":"2,732 2,677,593","page_number":18,"box":{"x":365,"y":661,"width":118,"height":8}},{"id":"624d0bbc-e074-4477-91fe-23829b7359e0","block_type":"box","text":"Zilliant, Inc.","page_number":18,"box":{"x":30,"y":673,"width":55,"height":9}},{"id":"26012dd4-a277-4f5f-b4ba-160e7f3ad166","block_type":"box","text":"(c)(d)(j)(l)","page_number":18,"box":{"x":86,"y":672,"width":33,"height":6}},{"id":"b3da676f-13c8-4978-badc-10e44be62b68","block_type":"box","text":"Delayed Draw Term Loan, 12/21/27","page_number":18,"box":{"x":44,"y":686,"width":172,"height":10}},{"id":"14146a66-d2ef-4076-8853-1dc911377873","block_type":"box","text":"..................","page_number":18,"box":{"x":221,"y":693,"width":87,"height":1}},{"id":"43daf2e8-94d9-472f-8b56-3f263c20905d","block_type":"box","text":"328 58,977","page_number":18,"box":{"x":375,"y":686,"width":108,"height":9}},{"id":"a90d2859-0bbc-45cd-80d0-4a873785e95e","block_type":"box","text":"Revolver, 12/21/27","page_number":18,"box":{"x":44,"y":699,"width":91,"height":9}},{"id":"6912d58a-e7db-4ac1-bcfe-b69a1bda2ab5","block_type":"box","text":"..................................","page_number":18,"box":{"x":140,"y":705,"width":167,"height":2}},{"id":"2897b4ed-b501-46a4-a496-a6f1e7c4f114","block_type":"box","text":"148 26,667","page_number":18,"box":{"x":375,"y":699,"width":108,"height":9}},{"id":"cfc611ed-f3ed-4102-8eef-15f816c4694d","block_type":"box","text":"Term Loan, 12/21/27","page_number":18,"box":{"x":43,"y":712,"width":101,"height":9}},{"id":"c14f3eb9-c068-4422-bd95-f1c9030dd52e","block_type":"box","text":"................................","page_number":18,"box":{"x":150,"y":718,"width":157,"height":1}},{"id":"ce3b32b1-8ef7-4567-a3ae-3988abbc5964","block_type":"box","text":"1,789 322,100","page_number":18,"box":{"x":366,"y":712,"width":117,"height":9}},{"id":"51b94e5e-a980-4202-8ce3-e8c5177df9be","block_type":"box","text":"90,632,354","page_number":18,"box":{"x":429,"y":728,"width":54,"height":9}},{"id":"b4d52118-03aa-4e09-8fd1-7ca2318e53e4","block_type":"box","text":"Specialty Retail — 1.3%","page_number":18,"box":{"x":30,"y":744,"width":123,"height":9}},{"id":"a5b4d6f3-33ba-4ca0-a6bd-8c651107feb7","block_type":"box","text":"Arrow Purchaser, Inc., Term Loan, (3-mo. CME Term","page_number":18,"box":{"x":30,"y":756,"width":255,"height":10}},{"id":"f7f0fde4-02f9-4dbe-83f0-1ebb43c26c70","block_type":"box","text":"SOFR at 1.00% Floor + 6.75%), 10.74%, 04/17/28","page_number":18,"box":{"x":44,"y":769,"width":244,"height":10}},{"id":"7afe807d-99fd-45cb-93e7-9007b8e5a1ff","block_type":"box","text":"(c)","page_number":18,"box":{"x":289,"y":768,"width":9,"height":6}},{"id":"218b6d12-a376-464e-86a3-73f9bfc47595","block_type":"box","text":"..","page_number":18,"box":{"x":301,"y":776,"width":7,"height":1}},{"id":"f154376c-7fa8-44d9-8da7-9792b9376552","block_type":"box","text":"432 431,687","page_number":18,"box":{"x":374,"y":769,"width":109,"height":9}},{"id":"21b7f2fc-ea18-4487-9a27-457be0dac5c8","block_type":"box","text":"Great Outdoors Group LLC, 2025 Term Loan B, (1-mo.","page_number":18,"box":{"x":30,"y":782,"width":266,"height":10}},{"id":"6b48e384-3e2e-4d48-8c60-275d8cf6246a","block_type":"box","text":"CME Term SOFR at 0.75% Floor + 3.25%), 6.89%,","page_number":18,"box":{"x":44,"y":795,"width":246,"height":10}},{"id":"6d6b8e9c-d543-403f-ac24-4f2336f75b10","block_type":"box","text":"01/23/32","page_number":18,"box":{"x":44,"y":808,"width":41,"height":8}},{"id":"9d5d76ae-265f-4255-9b46-0303fa84cc5c","block_type":"box","text":"............................................","page_number":18,"box":{"x":90,"y":814,"width":217,"height":2}},{"id":"2123abad-8ad2-4307-8d2c-ffd70dbcce8d","block_type":"box","text":"1,462 1,465,819","page_number":18,"box":{"x":366,"y":808,"width":117,"height":9}},{"id":"77e496f1-124e-44f5-92c1-7578ddbe6f3c","block_type":"box","text":"Men’s Wearhouse LLC (The), 2026 Term Loan B, (3-mo.","page_number":18,"box":{"x":31,"y":821,"width":273,"height":10}},{"id":"1bf6936e-da1a-4112-a0ba-4f541fb15820","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 5.75%), 9.41%,","page_number":18,"box":{"x":44,"y":834,"width":246,"height":9}},{"id":"0f86156b-805c-46d8-bad0-3b7a726743bf","block_type":"box","text":"01/28/31","page_number":18,"box":{"x":44,"y":847,"width":40,"height":7}},{"id":"883a5127-b05c-447f-86e6-6d210cada922","block_type":"box","text":"............................................","page_number":18,"box":{"x":90,"y":853,"width":217,"height":1}},{"id":"0e281008-fec3-47a5-a1c6-eda2508a6bfe","block_type":"box","text":"258 260,264","page_number":18,"box":{"x":375,"y":847,"width":108,"height":9}},{"id":"94fec5e4-a3e1-4374-961e-d2eec053b255","block_type":"box","text":"Security","page_number":18,"box":{"x":521,"y":98,"width":40,"height":9}},{"id":"83af2939-ad69-4ee4-81a2-8fb75c302bc1","block_type":"box","text":"Par","page_number":18,"box":{"x":867,"y":85,"width":17,"height":7}},{"id":"9195953d-3e67-4ffc-a2e1-89b2ad9c0f64","block_type":"box","text":"(000) Value","page_number":18,"box":{"x":859,"y":98,"width":115,"height":9}},{"id":"dafa2841-c70d-4031-b5de-906f65d43d39","block_type":"box","text":"Specialty Retail (continued)","page_number":18,"box":{"x":521,"y":119,"width":143,"height":10}},{"id":"e7aa9918-df66-447e-aa7f-38f03b524b0f","block_type":"box","text":"Michaels Cos., Inc., 2026 Term Loan B, (3-mo. CME","page_number":18,"box":{"x":521,"y":132,"width":254,"height":10}},{"id":"5ffaca92-5a22-4e7c-af3e-ed79aaecce91","block_type":"box","text":"Term SOFR at 0.00% Floor + 5.00%), 8.73%,","page_number":18,"box":{"x":534,"y":145,"width":220,"height":9}},{"id":"ae6177f3-5943-4c31-84df-13e4d2a1c544","block_type":"box","text":"03/15/33","page_number":18,"box":{"x":534,"y":158,"width":42,"height":7}},{"id":"6e3e8607-5fd2-4fdc-a334-2e22c2b8986d","block_type":"box","text":"............................................","page_number":18,"box":{"x":580,"y":164,"width":218,"height":1}},{"id":"d2ae74dd-3a1a-47d4-8062-886be345ed9f","block_type":"box","text":"USD 1,201 $ 1,193,504","page_number":18,"box":{"x":810,"y":157,"width":164,"height":10}},{"id":"5fe7c3ff-6487-4538-aaee-c0afd7e858d0","block_type":"box","text":"Petco Health & Wellness Co., Inc., 2026 Term Loan B,","page_number":18,"box":{"x":521,"y":171,"width":263,"height":9}},{"id":"2b2acab2-63e4-4475-a0eb-c8599b2a50b9","block_type":"box","text":"(3-mo. CME Term SOFR at 0.00% Floor + 4.25%),","page_number":18,"box":{"x":535,"y":183,"width":244,"height":10}},{"id":"ed7d116b-9d38-4269-bc58-871fe28b7eba","block_type":"box","text":"7.98%, 02/03/31","page_number":18,"box":{"x":535,"y":196,"width":77,"height":9}},{"id":"e90ed00a-ab15-43da-8737-bef4a8f27794","block_type":"box","text":".....................................","page_number":18,"box":{"x":616,"y":203,"width":182,"height":1}},{"id":"96728d9b-9b36-40e7-a579-c30525da45dd","block_type":"box","text":"2,617 2,583,360","page_number":18,"box":{"x":856,"y":196,"width":118,"height":9}},{"id":"ff4b7e97-2948-4a4f-ac45-12d012ee052e","block_type":"box","text":"Staples, Inc., 2024 Term Loan B, (3-mo. CME Term","page_number":18,"box":{"x":521,"y":209,"width":248,"height":10}},{"id":"827b08d1-4474-48af-be50-0e9c5826bfb2","block_type":"box","text":"SOFR at 0.50% Floor + 5.75%), 9.41%, 09/04/29","page_number":18,"box":{"x":535,"y":222,"width":238,"height":10}},{"id":"6b79e4fc-24d3-476d-b1d7-ae04b2df643d","block_type":"box","text":".....","page_number":18,"box":{"x":777,"y":228,"width":21,"height":2}},{"id":"f0b8bc63-e027-4daa-b4da-669586649f24","block_type":"box","text":"1,092 1,012,393","page_number":18,"box":{"x":857,"y":222,"width":117,"height":9}},{"id":"becd8beb-0558-4a74-b9be-3b1dc78a5726","block_type":"box","text":"6,947,027","page_number":18,"box":{"x":926,"y":238,"width":48,"height":9}},{"id":"f61575d8-3270-4d27-978d-c2811489a3eb","block_type":"box","text":"Trading Companies & Distributors — 0.5%","page_number":18,"box":{"x":521,"y":254,"width":219,"height":9}},{"id":"4903d577-4f2c-4c3a-b136-43fafdd52480","block_type":"box","text":"QXO Building Products, Inc., 2025 Term Loan B, (1-mo.","page_number":18,"box":{"x":521,"y":267,"width":270,"height":9}},{"id":"99559d18-539b-4987-b6e5-49a83e16f077","block_type":"box","text":"CME Term SOFR at 0.00% Floor + 2.00%), 5.64%,","page_number":18,"box":{"x":535,"y":279,"width":246,"height":10}},{"id":"57b0217e-c933-4995-9d8e-6fec7ffe00dd","block_type":"box","text":"04/30/32","page_number":18,"box":{"x":534,"y":292,"width":42,"height":8}},{"id":"c0b785d4-a3c8-4b86-9bea-1b89473a1930","block_type":"box","text":"............................................","page_number":18,"box":{"x":580,"y":299,"width":218,"height":1}},{"id":"eaef4022-96ff-4cea-b3d7-720270432420","block_type":"box","text":"1,450 1,446,642","page_number":18,"box":{"x":857,"y":292,"width":117,"height":9}},{"id":"402cab1d-b793-42e0-9555-6bd74fecf1b5","block_type":"box","text":"Thermostat Purchaser III, Inc., 2nd Lien Term Loan, (3-","page_number":18,"box":{"x":521,"y":305,"width":267,"height":10}},{"id":"3803bf98-14fb-4b01-b4b9-48b214d2519e","block_type":"box","text":"mo. CME Term SOFR at 0.75% Floor + 7.25%),","page_number":18,"box":{"x":535,"y":318,"width":230,"height":10}},{"id":"f164b419-0019-48f1-add4-a588eeafa0ba","block_type":"box","text":"11.07%, 08/31/29","page_number":18,"box":{"x":535,"y":331,"width":84,"height":9}},{"id":"73d3d9be-acf4-4c77-a935-b4c52a6d0f6b","block_type":"box","text":"(c)","page_number":18,"box":{"x":620,"y":330,"width":9,"height":6}},{"id":"b3aeb5b1-804f-45de-8d69-1470b6795cbf","block_type":"box","text":"..................................","page_number":18,"box":{"x":631,"y":337,"width":167,"height":2}},{"id":"8e8fae53-5c15-4ab8-b1e5-c1b95d086534","block_type":"box","text":"1,388 1,387,805","page_number":18,"box":{"x":857,"y":331,"width":117,"height":9}},{"id":"79d32952-7716-4225-ab12-77dacc3b2e88","block_type":"box","text":"2,834,447","page_number":18,"box":{"x":925,"y":347,"width":49,"height":9}},{"id":"45c6f511-f696-477d-9048-9ed061fd60c4","block_type":"box","text":"Wireless Telecommunication Services — 0.9%","page_number":18,"box":{"x":521,"y":363,"width":240,"height":7}},{"id":"b2aacc53-68fb-4362-b46d-a2a841b4b811","block_type":"box","text":"OpenMarket, Inc., 2025 Refinancing Term Loan, (3-mo.","page_number":18,"box":{"x":521,"y":376,"width":268,"height":9}},{"id":"128d28c3-abf8-4319-81b9-2d837377bcdd","block_type":"box","text":"CME Term SOFR at 0.75% Floor + 5.25%), 8.98%,","page_number":18,"box":{"x":535,"y":388,"width":246,"height":10}},{"id":"d7f9304b-9567-484f-839b-5af1e9309318","block_type":"box","text":"06/11/29","page_number":18,"box":{"x":534,"y":401,"width":42,"height":8}},{"id":"7b0ccd7f-6e47-4061-b56e-ee07eebadf30","block_type":"box","text":"(c)","page_number":18,"box":{"x":577,"y":400,"width":8,"height":6}},{"id":"523d34ba-653e-4661-bf74-aebdebf22b3c","block_type":"box","text":"..........................................","page_number":18,"box":{"x":591,"y":408,"width":207,"height":1}},{"id":"ff773957-dfd1-4c64-a509-a7d00ed9d160","block_type":"box","text":"4,863 4,790,929","page_number":18,"box":{"x":856,"y":401,"width":118,"height":9}},{"id":"f1ff3b7e-e44a-4cfc-803b-da294004484f","block_type":"box","text":"Total Floating Rate Loan Interests — 89.0%","page_number":18,"box":{"x":521,"y":420,"width":224,"height":10}},{"id":"f6c814b6-d0d8-48e4-b7be-0aca44213b1c","block_type":"box","text":"(Cost: $485,429,948)","page_number":18,"box":{"x":535,"y":432,"width":104,"height":11}},{"id":"794258a5-ea32-40a0-9fd6-5c674c59313b","block_type":"box","text":"................................................","page_number":18,"box":{"x":645,"y":439,"width":238,"height":1}},{"id":"2e637663-ca63-47fb-8ae0-dfffa5304ff4","block_type":"box","text":"461,772,733","page_number":18,"box":{"x":913,"y":433,"width":61,"height":9}},{"id":"7745b8ea-40df-4580-a220-201a6a4c973b","block_type":"box","text":"Shares","page_number":18,"box":{"x":850,"y":481,"width":34,"height":8}},{"id":"53ad2b5e-481f-4b19-82d7-669e7e6ed6fd","block_type":"box","text":"Investment Companies","page_number":18,"box":{"x":522,"y":501,"width":148,"height":12}},{"id":"7165d388-83e8-4b5c-b4bd-ceef1f96a7aa","block_type":"box","text":"H-Food Holdings LLC","page_number":18,"box":{"x":521,"y":516,"width":105,"height":9}},{"id":"e7ba7ec8-3269-41ab-9bf9-4b3b76ee9b21","block_type":"box","text":"(d)","page_number":18,"box":{"x":627,"y":514,"width":9,"height":6}},{"id":"807899ee-8933-4b92-8144-4e2fe218fcc5","block_type":"box","text":"................................","page_number":18,"box":{"x":642,"y":522,"width":157,"height":1}},{"id":"3772df45-3a32-4965-ae27-bbae912190b2","block_type":"box","text":"671 11,575","page_number":18,"box":{"x":866,"y":516,"width":108,"height":8}},{"id":"a0943775-cfe9-448f-b659-37bf1b29fba2","block_type":"box","text":"Igloo Parent Holdings LLC","page_number":18,"box":{"x":522,"y":528,"width":127,"height":10}},{"id":"ea41a60d-4431-4143-ac0c-87e6ea9c45d2","block_type":"box","text":"(c)(d)(n)","page_number":18,"box":{"x":650,"y":527,"width":29,"height":6}},{"id":"ac00397f-fd16-4c2c-ad1d-ea404ad2be72","block_type":"box","text":"........................","page_number":18,"box":{"x":682,"y":535,"width":117,"height":1}},{"id":"1ff3ae85-360c-40c9-86af-8ef607c5104c","block_type":"box","text":"21 —","page_number":18,"box":{"x":872,"y":528,"width":102,"height":8}},{"id":"d0d2281b-51c8-4bdd-98a3-038224d7ece0","block_type":"box","text":"11,575","page_number":18,"box":{"x":942,"y":545,"width":32,"height":8}},{"id":"7becc8a5-17b1-4327-a2f4-7a0b1f87ddf4","block_type":"box","text":"Total Investment Companies — 0.0%","page_number":18,"box":{"x":521,"y":561,"width":189,"height":9}},{"id":"f0ade75f-f0f0-465a-b254-60714c9c2fc6","block_type":"box","text":"(Cost: $31,277)","page_number":18,"box":{"x":535,"y":573,"width":77,"height":10}},{"id":"58c790f6-6171-440e-ad23-cb0b3fae28a1","block_type":"box","text":"......................................................","page_number":18,"box":{"x":615,"y":580,"width":268,"height":1}},{"id":"919349c8-3029-42d0-97b4-d7ea15c37bf5","block_type":"box","text":"11,575","page_number":18,"box":{"x":942,"y":574,"width":32,"height":8}},{"id":"11d04d78-af5a-4ae0-b0bd-698bac9a8802","block_type":"box","text":"Preferred Securities","page_number":18,"box":{"x":522,"y":602,"width":129,"height":9}},{"id":"08f14256-8ea8-4f1c-912e-79d89dadaeec","block_type":"box","text":"Preferred Stocks — 0.6%","page_number":18,"box":{"x":521,"y":624,"width":130,"height":8}},{"id":"feb62cc9-f7d2-4d37-b31f-22c9b36eccb9","block_type":"box","text":"Commercial Services & Supplies — 0.0%","page_number":18,"box":{"x":521,"y":640,"width":213,"height":9}},{"id":"e3a10004-1e4d-4aea-8d5d-a19faae673cc","block_type":"box","text":"Kellermeyer Bergensons Services LLC, 11/07/26","page_number":18,"box":{"x":521,"y":653,"width":237,"height":9}},{"id":"c87583ed-10ff-43fb-a318-603dc837e12e","block_type":"box","text":"(c)(d)","page_number":18,"box":{"x":759,"y":651,"width":18,"height":6}},{"id":"b34f26a7-fdd0-4aa9-9d9f-8e51f7232821","block_type":"box","text":"....","page_number":18,"box":{"x":783,"y":659,"width":16,"height":1}},{"id":"6a27fd53-6eee-4085-9c41-1b8dc687a556","block_type":"box","text":"45,118 —","page_number":18,"box":{"x":852,"y":653,"width":122,"height":9}},{"id":"8cc2dd63-abf7-408a-8b0d-d274b0915797","block_type":"box","text":"Containers & Packaging — 0.0%","page_number":18,"box":{"x":521,"y":671,"width":168,"height":10}},{"id":"15c9c2bd-dc52-49ec-8bb4-ee4897103968","block_type":"box","text":"Labels Buyer LLC, 12.00%","page_number":18,"box":{"x":521,"y":684,"width":130,"height":10}},{"id":"adbbf7f0-8661-4011-ba72-fc3d65d69bbb","block_type":"box","text":"(d)","page_number":18,"box":{"x":652,"y":683,"width":9,"height":6}},{"id":"b855588f-602f-4710-8a2f-bd046f930afd","block_type":"box","text":"...........................","page_number":18,"box":{"x":667,"y":691,"width":132,"height":1}},{"id":"e2ea7395-f3ac-4f71-a113-6a1ed921d3d7","block_type":"box","text":"14 11,480","page_number":18,"box":{"x":873,"y":684,"width":101,"height":9}},{"id":"edbbdee8-ee16-42f7-a242-516c150caf8d","block_type":"box","text":"Entertainment — 0.0%","page_number":18,"box":{"x":521,"y":703,"width":116,"height":8}},{"id":"36356aa1-0374-4905-9bb5-ca7405ce6041","block_type":"box","text":"Streamland Media Holdings LLC, (Acquired 03/31/25,","page_number":18,"box":{"x":521,"y":716,"width":260,"height":10}},{"id":"a4a78263-1a42-40f6-afe5-96fcfe0668b1","block_type":"box","text":"Cost: $42,479)","page_number":18,"box":{"x":535,"y":728,"width":71,"height":11}},{"id":"00154ced-8dbc-44f8-b4fb-3b75f31c3f11","block_type":"box","text":"(c)(d)(e)","page_number":18,"box":{"x":607,"y":727,"width":29,"height":7}},{"id":"30f7fc7f-9eab-4a8c-a50d-cb76f193e153","block_type":"box","text":"................................","page_number":18,"box":{"x":642,"y":735,"width":157,"height":1}},{"id":"4bbe21ae-6431-4ef8-908d-281537e379dd","block_type":"box","text":"264 —","page_number":18,"box":{"x":866,"y":729,"width":108,"height":7}},{"id":"1c8f8b24-4c49-41cb-bedd-6c2a1e0774ad","block_type":"box","text":"Financial Services — 0.0%","page_number":18,"box":{"x":521,"y":748,"width":138,"height":7}},{"id":"ca2f4b41-dcc9-428f-abb0-42370fab0e62","block_type":"box","text":"WorldRemit Ltd., Series X, (Acquired 06/24/24, Cost:","page_number":18,"box":{"x":521,"y":760,"width":256,"height":10}},{"id":"d6d818de-4820-49b6-8ae2-914f5854dad5","block_type":"box","text":"$0)","page_number":18,"box":{"x":534,"y":773,"width":15,"height":10}},{"id":"84e7592f-3758-48c6-b3cd-02dc64515e96","block_type":"box","text":"(c)(d)(e)","page_number":18,"box":{"x":550,"y":772,"width":29,"height":6}},{"id":"e44bf98b-301e-4391-9b15-66bd6e59fd6a","block_type":"box","text":"............................................","page_number":18,"box":{"x":581,"y":780,"width":218,"height":1}},{"id":"e8d26c47-88e5-4325-8924-43ffc11c3a00","block_type":"box","text":"136 16,607","page_number":18,"box":{"x":867,"y":773,"width":107,"height":9}},{"id":"274eac85-9312-442c-8241-27c518c2a1b3","block_type":"box","text":"Household Durables","page_number":18,"box":{"x":521,"y":792,"width":106,"height":8}},{"id":"126509ca-ae3f-4f10-832b-83594e28035e","block_type":"box","text":"(c)(d)","page_number":18,"box":{"x":628,"y":791,"width":20,"height":6}},{"id":"10adb5bc-006e-44af-8b98-3502f16f268f","block_type":"box","text":"— 0.0%","page_number":18,"box":{"x":651,"y":792,"width":39,"height":8}},{"id":"ce4c4985-778a-4c48-a7d1-1b7e07579067","block_type":"box","text":"Razor Group GMBH Priority 4, 08/18/30","page_number":18,"box":{"x":521,"y":805,"width":194,"height":10}},{"id":"84451037-fc5f-4a99-a685-2c183a954606","block_type":"box","text":".................","page_number":18,"box":{"x":718,"y":811,"width":81,"height":1}},{"id":"b4846636-d4b6-4383-9269-d58ede05dbb0","block_type":"box","text":"696,280 7","page_number":18,"box":{"x":845,"y":805,"width":129,"height":9}},{"id":"4c9d0a05-7f3a-461b-bc14-e024ab3740d6","block_type":"box","text":"Razor Group GMBH Priority 5C, 08/18/30","page_number":18,"box":{"x":521,"y":818,"width":202,"height":9}},{"id":"23307e16-7dd8-4ad9-bd89-7d04aa4dc187","block_type":"box","text":"...............","page_number":18,"box":{"x":728,"y":824,"width":71,"height":1}},{"id":"76089c03-25af-42ee-9204-a3f49c5468af","block_type":"box","text":"2,815,464 28","page_number":18,"box":{"x":836,"y":818,"width":138,"height":9}},{"id":"d4a0f783-e414-4abc-a2a4-af68263fc1df","block_type":"box","text":"Sellerx, Series Z, 06/27/30","page_number":18,"box":{"x":521,"y":831,"width":129,"height":9}},{"id":"c4d628db-8cd3-4625-a4d2-f45f9c954a59","block_type":"box","text":"..............................","page_number":18,"box":{"x":652,"y":837,"width":147,"height":1}},{"id":"78207da6-86a1-4b5c-9b0d-ff689df3f961","block_type":"box","text":"4,707,471 47","page_number":18,"box":{"x":835,"y":831,"width":139,"height":9}},{"id":"e90e9958-cf10-4f9d-a682-f952246e62df","block_type":"box","text":"82","page_number":18,"box":{"x":962,"y":847,"width":12,"height":7}},{"id":"6643d055-23cb-4fdb-9f53-0d846abccb14","block_type":"box","text":"Consolidated Schedule of Investments","page_number":18,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"ddc1423b-9588-4996-b263-58230d27a17f","block_type":"box","text":"(unaudited) (continued)","page_number":18,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"5bd719ee-213a-49e3-80db-fd851c7cb484","block_type":"box","text":"June 30, 2026","page_number":18,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"d226c674-a66f-4a8f-bfa8-874f17f52107","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":18,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"7f1af52c-5019-4706-a4a2-fcf4c447488b","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":18,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"3e584d4f-374a-42de-94ae-96c71d889e71","block_type":"box","text":"18","page_number":18,"box":{"x":31,"y":965,"width":13,"height":9}},{"id":"f209a4e5-b2d1-420a-8ede-0101bc2f5187","block_type":"box","text":"2026","page_number":18,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"1b175b70-5655-4b9f-a7c6-e76f5798b521","block_type":"box","text":"B","page_number":18,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"65aaf675-c2e7-4cba-9914-8320bf25f40b","block_type":"box","text":"LACK","page_number":18,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"caefc32c-5daa-45c3-830c-1ae240b769be","block_type":"box","text":"R","page_number":18,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"f297e169-f74b-4d40-b433-c5433dd30280","block_type":"box","text":"OCK","page_number":18,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"a36ba54c-ebe1-4ae4-990c-f1437a485d26","block_type":"box","text":"S","page_number":18,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"373d72c3-ecdc-48b2-bb0e-7b57b92b9953","block_type":"box","text":"EMI","page_number":18,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"71599cee-6ec5-41ab-9a48-9148018b3e27","block_type":"box","text":"-A","page_number":18,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"7bfaa08e-de23-48eb-9882-584eeb8696cc","block_type":"box","text":"NNUAL","page_number":18,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"ff76cdda-7582-47db-bacb-a17ff0f63c09","block_type":"box","text":"NM0826U-5876566-18/56 R EPORT TO S HARE","page_number":18,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"3bb61841-ba3a-4496-92d5-b6bc2dc55abd","block_type":"box","text":"NM\r\nR","page_number":18,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"b966900a-f5d6-44e8-94a9-b306d8d2d34a","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":18,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"ab747bf3-7145-4770-a37d-b73ca9aeef10","block_type":"box","text":"66\r\nS","page_number":18,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"4ac1d9a2-8215-4e2e-909f-d54fb3310f34","block_type":"box","text":"-18/56 \r\nHAREHOLDERS","page_number":18,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"cff6a787-80c0-4ee5-8fa3-887d03b86394","block_type":"box","text":"Security Shares Value","page_number":19,"box":{"x":31,"y":98,"width":452,"height":9}},{"id":"9e5b6d0b-1647-41a7-aa51-17f45c7b24cd","block_type":"box","text":"Insurance — 0.0%","page_number":19,"box":{"x":30,"y":119,"width":93,"height":8}},{"id":"3a5c4c96-edf3-409d-b930-df14f456b50d","block_type":"box","text":"Alliant Cali, Inc., (Acquired 09/24/24, Cost: $83,725),","page_number":19,"box":{"x":30,"y":131,"width":255,"height":11}},{"id":"706750de-fc69-42db-bcbd-89da2a62052b","block_type":"box","text":"12/31/79","page_number":19,"box":{"x":44,"y":145,"width":42,"height":7}},{"id":"f088291d-beff-4801-ab6e-2cd3487f8a6b","block_type":"box","text":"(c)(e)","page_number":19,"box":{"x":87,"y":143,"width":18,"height":6}},{"id":"5406d41f-5379-4653-9146-8bb3adbc4529","block_type":"box","text":"........................................","page_number":19,"box":{"x":111,"y":151,"width":197,"height":1}},{"id":"8e9179ba-e931-45d0-90c1-b2f9326dcd2b","block_type":"box","text":"85 $ 85,807","page_number":19,"box":{"x":382,"y":144,"width":101,"height":10}},{"id":"0804254f-4f89-4574-99bf-39961f620337","block_type":"box","text":"Interactive Media & Services — 0.5%","page_number":19,"box":{"x":30,"y":163,"width":190,"height":8}},{"id":"0687e993-d72d-434f-a0a4-98b9cc270473","block_type":"box","text":"StubHub, Inc., Series K, 12/31/49","page_number":19,"box":{"x":30,"y":176,"width":163,"height":9}},{"id":"00866c25-0ead-46ee-b843-6d274ffb3dc6","block_type":"box","text":"(c)(d)","page_number":19,"box":{"x":194,"y":175,"width":19,"height":6}},{"id":"ad9ae230-0b66-449b-b4e4-473e3e71cdaf","block_type":"box","text":"...................","page_number":19,"box":{"x":217,"y":183,"width":91,"height":1}},{"id":"fdec7a00-8066-4083-8160-69c886228f8e","block_type":"box","text":"3,000 2,532,909","page_number":19,"box":{"x":366,"y":176,"width":117,"height":9}},{"id":"ab4cc3d9-f992-4892-9da6-35190257a290","block_type":"box","text":"IT Services — 0.0%","page_number":19,"box":{"x":30,"y":195,"width":99,"height":8}},{"id":"9563653c-74be-4c92-9c90-d43177ae5433","block_type":"box","text":"Suited Connector LLC, 12/31/28","page_number":19,"box":{"x":30,"y":208,"width":157,"height":9}},{"id":"0632f4e9-3194-43eb-81e0-36981c134645","block_type":"box","text":"(c)(d)(f)","page_number":19,"box":{"x":188,"y":207,"width":26,"height":6}},{"id":"1bfcf8c9-640c-497d-aa79-ea36c1698e37","block_type":"box","text":"...................","page_number":19,"box":{"x":217,"y":214,"width":91,"height":1}},{"id":"b3633fed-1485-4530-853d-1ee5e888c767","block_type":"box","text":"2,377,715 71,308","page_number":19,"box":{"x":345,"y":208,"width":138,"height":9}},{"id":"252c0edd-d364-4eab-8b7e-a978003f6f04","block_type":"box","text":"Professional Services","page_number":19,"box":{"x":31,"y":227,"width":113,"height":7}},{"id":"e456dca7-a4bf-4a6b-b408-3507d4a52ec1","block_type":"box","text":"(c)(d)(e)","page_number":19,"box":{"x":145,"y":225,"width":30,"height":6}},{"id":"fdd5076e-f9a0-4cab-b637-9e0cb096c164","block_type":"box","text":"— 0.1%","page_number":19,"box":{"x":178,"y":227,"width":39,"height":7}},{"id":"9edc0b22-5cbc-4205-bd0e-d2cd2023af76","block_type":"box","text":"Job and Talent Holding Ltd.","page_number":19,"box":{"x":30,"y":240,"width":132,"height":9}},{"id":"9c0163ec-9813-494c-9715-fdeaf3b69cef","block_type":"box","text":"Series F-1, (Acquired 02/12/25, Cost: $213,159)","page_number":19,"box":{"x":44,"y":252,"width":233,"height":10}},{"id":"6d063cc6-90cf-4b89-8504-10bf1a2edf71","block_type":"box","text":"......","page_number":19,"box":{"x":282,"y":259,"width":26,"height":1}},{"id":"d6a50d0d-1a8a-4854-96c8-c74a3b9c70a0","block_type":"box","text":"16,953 332,481","page_number":19,"box":{"x":361,"y":252,"width":120,"height":9}},{"id":"a1f24f45-78ff-48f7-8d9d-121d091d730d","block_type":"box","text":"Series F-3, (Acquired 02/12/25, Cost: $0)","page_number":19,"box":{"x":44,"y":265,"width":199,"height":10}},{"id":"39acf22a-8ab2-4467-941f-46bfc984fb73","block_type":"box","text":".............","page_number":19,"box":{"x":247,"y":272,"width":61,"height":1}},{"id":"1c3dc9ac-fc0f-4ec3-b0a6-3671b9e93e5e","block_type":"box","text":"1,130 2,115","page_number":19,"box":{"x":367,"y":265,"width":116,"height":9}},{"id":"0561ad44-a558-458d-a4a4-532eeccf903a","block_type":"box","text":"334,596","page_number":19,"box":{"x":444,"y":281,"width":39,"height":9}},{"id":"978ffc8d-63fc-44a7-a153-c209c09cdffd","block_type":"box","text":"Software","page_number":19,"box":{"x":30,"y":297,"width":46,"height":8}},{"id":"d521ea75-78d9-43cf-8ca0-251c1168b261","block_type":"box","text":"(d)","page_number":19,"box":{"x":76,"y":295,"width":10,"height":7}},{"id":"5575e75b-ff98-4645-848e-c6502e8d78ec","block_type":"box","text":"— 0.0%","page_number":19,"box":{"x":90,"y":297,"width":38,"height":8}},{"id":"1b1f2cc0-5100-4815-978a-7ba25faf1ca3","block_type":"box","text":"Veritas Newco","page_number":19,"box":{"x":30,"y":310,"width":70,"height":7}},{"id":"dc9f409f-ef39-49ea-963f-c23d8fda7f09","block_type":"box","text":"Series G, 12/31/49","page_number":19,"box":{"x":44,"y":323,"width":91,"height":9}},{"id":"80acc110-6349-4289-9139-f98c8cb16500","block_type":"box","text":"..................................","page_number":19,"box":{"x":141,"y":329,"width":167,"height":1}},{"id":"0559859d-35fc-4271-b6fc-0670c3a9194e","block_type":"box","text":"219 4,380","page_number":19,"box":{"x":375,"y":323,"width":108,"height":9}},{"id":"3c477c45-804f-4061-ae6d-3d0d8ec8b754","block_type":"box","text":"Series G-1, 12/31/49","page_number":19,"box":{"x":44,"y":336,"width":100,"height":9}},{"id":"b296de72-4834-469c-b5d0-b27e28260467","block_type":"box","text":".................................","page_number":19,"box":{"x":146,"y":342,"width":162,"height":1}},{"id":"27a0a719-754e-4523-a222-cf23a18d5915","block_type":"box","text":"161 3,139","page_number":19,"box":{"x":376,"y":336,"width":107,"height":9}},{"id":"edb81f39-2bb9-4c95-bc4a-9e33c4d38592","block_type":"box","text":"7,519","page_number":19,"box":{"x":456,"y":352,"width":27,"height":9}},{"id":"43edf773-80ec-4abf-810b-959cf57aa794","block_type":"box","text":"3,060,308","page_number":19,"box":{"x":435,"y":368,"width":48,"height":9}},{"id":"d6bc4963-a19f-4b27-a33a-81dea80e30cd","block_type":"box","text":"Total Preferred Securities — 0.6%","page_number":19,"box":{"x":30,"y":384,"width":175,"height":8}},{"id":"30fafb90-21cb-424d-80e4-5a0f48d6a269","block_type":"box","text":"(Cost: $5,021,555)","page_number":19,"box":{"x":44,"y":396,"width":92,"height":10}},{"id":"da319f58-0288-48ec-9d26-230b5fd77631","block_type":"box","text":"...................................................","page_number":19,"box":{"x":140,"y":403,"width":253,"height":1}},{"id":"7ef4f408-8e55-49a6-b97f-bfb5e11ab188","block_type":"box","text":"3,060,308","page_number":19,"box":{"x":435,"y":397,"width":48,"height":9}},{"id":"dd8e83db-5951-41b2-9d76-d0cff201559d","block_type":"box","text":"Warrants","page_number":19,"box":{"x":30,"y":425,"width":59,"height":10}},{"id":"41c8a413-5db0-432e-8a8b-21ce8088ce04","block_type":"box","text":"Containers & Packaging — 0.0%","page_number":19,"box":{"x":30,"y":448,"width":168,"height":9}},{"id":"afd42f9f-1af0-4a7d-a186-fa9205286957","block_type":"box","text":"Labels Buyer LLC","page_number":19,"box":{"x":31,"y":461,"width":86,"height":9}},{"id":"196eab32-49ff-4728-bc6b-85018ce45b34","block_type":"box","text":"(d)","page_number":19,"box":{"x":118,"y":459,"width":9,"height":6}},{"id":"22efd0a9-a2ae-4dcb-a15a-e57f9d00dc1a","block_type":"box","text":"....................................","page_number":19,"box":{"x":131,"y":467,"width":177,"height":1}},{"id":"fc159a11-e9c5-4022-85e2-ee3aa3d93ccc","block_type":"box","text":"14 35","page_number":19,"box":{"x":382,"y":461,"width":101,"height":7}},{"id":"12836214-e22c-473a-98f4-e3ee5487f2fa","block_type":"box","text":"Electronic Equipment, Instruments & Components — 0.0%","page_number":19,"box":{"x":31,"y":479,"width":304,"height":10}},{"id":"9e9a8b01-06e4-452c-b8a0-fa359beda754","block_type":"box","text":"Grey Orange, (Issued/Exercisable 05/06/22, 1 Share for","page_number":19,"box":{"x":30,"y":492,"width":272,"height":10}},{"id":"ef59ac2c-2415-437c-9e8a-63f4af6736d0","block_type":"box","text":"1 Warrant, Expires 05/06/32, Strike Price USD","page_number":19,"box":{"x":44,"y":505,"width":224,"height":10}},{"id":"91f8f980-bff3-4f80-9317-dad606ba8704","block_type":"box","text":"28.93)","page_number":19,"box":{"x":43,"y":518,"width":31,"height":10}},{"id":"dfb1bd32-45a3-4daf-9547-e0f4f93ddcf1","block_type":"box","text":"(c)(d)","page_number":19,"box":{"x":75,"y":517,"width":19,"height":6}},{"id":"40702945-faba-4455-a92d-90528671c71b","block_type":"box","text":"...........................................","page_number":19,"box":{"x":96,"y":524,"width":212,"height":1}},{"id":"5fb108c6-7e21-4d2b-ba92-183488d8a886","block_type":"box","text":"460 92","page_number":19,"box":{"x":375,"y":518,"width":108,"height":8}},{"id":"7df24e35-ba00-4291-a867-cc04f3b62099","block_type":"box","text":"Financial Services — 0.0%","page_number":19,"box":{"x":31,"y":537,"width":137,"height":7}},{"id":"d7708a4c-90a9-4fd1-a45f-b661ab4bb779","block_type":"box","text":"WorldRemit Ltd., Series D, (Issued/Exercisable 02/11/21,","page_number":19,"box":{"x":30,"y":550,"width":276,"height":9}},{"id":"4cbbc65b-92e8-4770-bb2a-777b1c8f93d2","block_type":"box","text":"1,596 Shares for 1 Warrant, Expires 02/11/31, Strike","page_number":19,"box":{"x":44,"y":562,"width":254,"height":10}},{"id":"0483e6f9-7171-45a4-8da7-cd1c434481bc","block_type":"box","text":"Price USD 37.59)","page_number":19,"box":{"x":44,"y":575,"width":84,"height":10}},{"id":"978b0c1f-7412-4e75-a006-2fea9eb0587f","block_type":"box","text":"(c)(d)","page_number":19,"box":{"x":129,"y":574,"width":19,"height":6}},{"id":"af835b1b-e6b6-481c-a162-accc230b250b","block_type":"box","text":"................................","page_number":19,"box":{"x":151,"y":582,"width":157,"height":1}},{"id":"ed0409ca-0377-4d05-990e-72084159235d","block_type":"box","text":"1,596 1,791","page_number":19,"box":{"x":367,"y":575,"width":114,"height":9}},{"id":"ad7fded8-fe50-49db-be12-942bd6b4bd8d","block_type":"box","text":"Professional Services","page_number":19,"box":{"x":31,"y":594,"width":113,"height":8}},{"id":"35697190-e7a3-490d-8bcd-7be2fed7d9d7","block_type":"box","text":"(c)(d)","page_number":19,"box":{"x":145,"y":593,"width":20,"height":6}},{"id":"0d1dfbdf-f913-4fd9-9adb-a2aff4b84d8a","block_type":"box","text":"— 0.0%","page_number":19,"box":{"x":168,"y":594,"width":39,"height":8}},{"id":"d8f51e4d-77d6-4ef9-9e2f-479e564f4192","block_type":"box","text":"Pico Quantitative Trade Holding LLC, (Acquired","page_number":19,"box":{"x":31,"y":607,"width":229,"height":10}},{"id":"5b66545e-6710-4479-93c5-2e767c31731f","block_type":"box","text":"02/07/20, Cost: $—), (Issued 02/07/20, Expires","page_number":19,"box":{"x":44,"y":619,"width":228,"height":10}},{"id":"5ea69a0c-7fe9-4dfc-b361-d44de1a56c4f","block_type":"box","text":"02/07/30)","page_number":19,"box":{"x":44,"y":633,"width":45,"height":9}},{"id":"8ecc56fd-196a-47fc-8d09-702bd3850753","block_type":"box","text":"(e)(f)","page_number":19,"box":{"x":90,"y":631,"width":17,"height":6}},{"id":"4c4233cf-3e9e-465d-93bc-fde75a8a3ad5","block_type":"box","text":"........................................","page_number":19,"box":{"x":111,"y":639,"width":197,"height":1}},{"id":"a86afe54-8031-4c96-b0ad-61c7b6c3d04e","block_type":"box","text":"142 22,441","page_number":19,"box":{"x":376,"y":633,"width":105,"height":9}},{"id":"ad2c05c6-ee1b-429d-a290-0120522062aa","block_type":"box","text":"Research Now, Inc., (Issued 07/15/24, Exercisable","page_number":19,"box":{"x":31,"y":646,"width":245,"height":9}},{"id":"bc8bfb48-a496-4636-bcc1-a04b4aae773a","block_type":"box","text":"07/15/29, Expires 07/15/29, Strike Price USD 37.72)","page_number":19,"box":{"x":44,"y":658,"width":253,"height":10}},{"id":"596bf56b-09fd-4730-94bc-6389e3570537","block_type":"box","text":"..","page_number":19,"box":{"x":302,"y":665,"width":6,"height":1}},{"id":"6788a83f-e7c5-43c3-9cc0-984b5e4a5b6d","block_type":"box","text":"2,857 29","page_number":19,"box":{"x":366,"y":659,"width":117,"height":8}},{"id":"a2cb6b78-c3bd-48a6-a97a-a3266313ae24","block_type":"box","text":"22,470","page_number":19,"box":{"x":450,"y":675,"width":33,"height":9}},{"id":"c3efeb48-bbcd-4d9b-8cc5-c77817e4df41","block_type":"box","text":"Software — 0.0%","page_number":19,"box":{"x":30,"y":690,"width":88,"height":8}},{"id":"e53767ed-8364-4427-b386-e219b73c88a7","block_type":"box","text":"Motive Technologies, Inc., (Expires 12/31/49)","page_number":19,"box":{"x":31,"y":703,"width":218,"height":10}},{"id":"845eff0f-6aaf-44b6-8795-0a7d7bfc0d5b","block_type":"box","text":"(c)(d)","page_number":19,"box":{"x":250,"y":702,"width":19,"height":6}},{"id":"d962e636-3f33-452c-b39c-392e62780520","block_type":"box","text":"........","page_number":19,"box":{"x":272,"y":709,"width":36,"height":1}},{"id":"eb041863-84c6-4671-9d90-18670de13487","block_type":"box","text":"75,000 73,500","page_number":19,"box":{"x":360,"y":703,"width":123,"height":9}},{"id":"513d9f6e-b041-4f99-a385-ed98a9cfc7cf","block_type":"box","text":"Total Warrants — 0.0%","page_number":19,"box":{"x":30,"y":722,"width":117,"height":7}},{"id":"ccce3d56-ab79-4fd0-9299-438485ef6ab4","block_type":"box","text":"(Cost: $29)","page_number":19,"box":{"x":44,"y":734,"width":56,"height":10}},{"id":"b4c55505-a555-4fe4-8cdc-f4cf99d15733","block_type":"box","text":"..........................................................","page_number":19,"box":{"x":104,"y":741,"width":289,"height":1}},{"id":"113191e6-8213-44c7-b7d9-991c49d59439","block_type":"box","text":"97,888","page_number":19,"box":{"x":450,"y":735,"width":33,"height":8}},{"id":"368b8efc-e1c3-4041-8509-221f71e61486","block_type":"box","text":"Total Long-Term Investments — 107.8%","page_number":19,"box":{"x":30,"y":751,"width":206,"height":9}},{"id":"7647c2e0-f3f5-4ea8-8e3b-c27b8ff3e1f2","block_type":"box","text":"(Cost: $588,474,091)","page_number":19,"box":{"x":44,"y":763,"width":105,"height":10}},{"id":"d84bb2aa-6dab-454b-9bed-741b91b4d5be","block_type":"box","text":"................................................","page_number":19,"box":{"x":155,"y":770,"width":238,"height":1}},{"id":"f543f593-66a3-434e-ac48-f2d922b9dc3e","block_type":"box","text":"559,239,058","page_number":19,"box":{"x":422,"y":764,"width":61,"height":9}},{"id":"c45bf68c-bb1e-43d4-a29a-4204a1a65605","block_type":"box","text":"Security Shares Value","page_number":19,"box":{"x":521,"y":98,"width":453,"height":9}},{"id":"1c847a40-0213-4e5b-8a0c-8eba277ef231","block_type":"box","text":"Short-Term Securities","page_number":19,"box":{"x":521,"y":117,"width":142,"height":10}},{"id":"9cac1ee5-c63e-428b-a96a-c162ee9216e8","block_type":"box","text":"Money Market Funds — 1.7%","page_number":19,"box":{"x":521,"y":140,"width":151,"height":9}},{"id":"0a1b96b6-8e15-43ed-b11e-7dc517f7f237","block_type":"box","text":"BlackRock Liquidity Funds, T-Fund, Institutional Shares,","page_number":19,"box":{"x":521,"y":152,"width":272,"height":10}},{"id":"73f75cd7-b089-4abd-b320-e3ce5d8d11bc","block_type":"box","text":"3.54%","page_number":19,"box":{"x":534,"y":165,"width":31,"height":8}},{"id":"197c70da-1feb-4b8f-a8e6-dcf1e8cc3d33","block_type":"box","text":"(n)(o)","page_number":19,"box":{"x":566,"y":164,"width":19,"height":6}},{"id":"6e10c53e-5070-4cd8-bc07-7f699f546cda","block_type":"box","text":"..........................................","page_number":19,"box":{"x":591,"y":172,"width":208,"height":1}},{"id":"4808d5ab-7980-4acc-a572-9e175499e962","block_type":"box","text":"8,752,914 $ 8,752,914","page_number":19,"box":{"x":836,"y":165,"width":138,"height":9}},{"id":"d2cba7d5-7177-476b-b6fe-eff03c6d8623","block_type":"box","text":"Total Short-Term Securities — 1.7%","page_number":19,"box":{"x":521,"y":184,"width":184,"height":8}},{"id":"35bca4e5-801d-4683-9046-29165e0c1cfa","block_type":"box","text":"(Cost: $8,752,914)","page_number":19,"box":{"x":535,"y":197,"width":92,"height":10}},{"id":"adcdd28b-16a4-40a2-8e1f-8be93432a925","block_type":"box","text":"...................................................","page_number":19,"box":{"x":630,"y":203,"width":253,"height":1}},{"id":"0079e61d-80db-4d55-bdad-8d1ca5db2367","block_type":"box","text":"8,752,914","page_number":19,"box":{"x":926,"y":197,"width":48,"height":9}},{"id":"8d1fea58-35f3-4056-9a37-391fd50ab7b0","block_type":"box","text":"Total Investments — 109.5%","page_number":19,"box":{"x":521,"y":213,"width":146,"height":8}},{"id":"f071e424-666d-48e2-94c5-0eb79644d3af","block_type":"box","text":"(Cost: $597,227,005)","page_number":19,"box":{"x":535,"y":226,"width":104,"height":10}},{"id":"6a4b823a-0154-4c35-80e8-f1897a8d420b","block_type":"box","text":"................................................","page_number":19,"box":{"x":646,"y":232,"width":237,"height":1}},{"id":"a70e8bbf-81e9-478b-90de-4dea678024ac","block_type":"box","text":"567,991,972","page_number":19,"box":{"x":913,"y":226,"width":61,"height":9}},{"id":"f8358b79-7873-4ec2-854f-aee1617d4b2a","block_type":"box","text":"Liabilities in Excess of Other Assets — (9.5)%","page_number":19,"box":{"x":521,"y":239,"width":239,"height":10}},{"id":"9fc5bafd-0438-4da7-b9e5-03075a72383e","block_type":"box","text":".........................","page_number":19,"box":{"x":762,"y":245,"width":122,"height":1}},{"id":"aad8766d-96eb-400d-80ca-9f6bbec97909","block_type":"box","text":"(49,335,542)","page_number":19,"box":{"x":916,"y":239,"width":61,"height":10}},{"id":"aa178e0c-0369-4380-b526-57b60769b7f4","block_type":"box","text":"Net Assets — 100.0%","page_number":19,"box":{"x":521,"y":259,"width":111,"height":8}},{"id":"86c01eb2-b5f0-4496-b1b2-1fe10ee0c134","block_type":"box","text":"..................................................","page_number":19,"box":{"x":635,"y":265,"width":248,"height":1}},{"id":"bf1b0a11-cd8a-4c02-bbf9-103d2bc44327","block_type":"box","text":"$ 518,656,430","page_number":19,"box":{"x":904,"y":258,"width":70,"height":10}},{"id":"03e4300f-f3e7-4c12-8108-2adc7e0a058f","block_type":"box","text":"(a)","page_number":19,"box":{"x":521,"y":284,"width":9,"height":6}},{"id":"fcc08617-a12c-4bad-94cf-33f8757fbce1","block_type":"box","text":"Variable rate security. Interest rate resets periodically. The rate shown is the effective","page_number":19,"box":{"x":543,"y":286,"width":428,"height":9}},{"id":"4696af1e-bf5c-49c3-a9b8-2beca453e409","block_type":"box","text":"interest rate as of period end. Security description also includes the reference rate and","page_number":19,"box":{"x":544,"y":297,"width":426,"height":10}},{"id":"c7cb152e-fa0e-4e25-b289-46e74c321268","block_type":"box","text":"spread if published and available.","page_number":19,"box":{"x":543,"y":309,"width":163,"height":9}},{"id":"cfed1290-d70c-42fc-9d25-a191902f0090","block_type":"box","text":"(b)","page_number":19,"box":{"x":521,"y":319,"width":9,"height":6}},{"id":"83806600-d37d-4b0e-93e6-533464780c00","block_type":"box","text":"Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933,","page_number":19,"box":{"x":544,"y":320,"width":426,"height":10}},{"id":"6c44a0b3-2b56-4547-a0db-6913a3a50175","block_type":"box","text":"as amended. These securities may be resold in transactions exempt from registration to","page_number":19,"box":{"x":543,"y":332,"width":428,"height":10}},{"id":"2bbe0022-d888-463d-b3db-aa4087b7d75c","block_type":"box","text":"qualified institutional investors.","page_number":19,"box":{"x":543,"y":344,"width":149,"height":9}},{"id":"f9f79250-9770-4216-9f42-1a544470d477","block_type":"box","text":"(c)","page_number":19,"box":{"x":521,"y":354,"width":9,"height":6}},{"id":"05b3df7e-277e-4b7b-a83b-8d56ff680a04","block_type":"box","text":"Security is valued using significant unobservable inputs and is classified as Level 3 in the","page_number":19,"box":{"x":544,"y":355,"width":427,"height":10}},{"id":"ba4ad63a-96ba-4065-89c1-0087d665a306","block_type":"box","text":"fair value hierarchy.","page_number":19,"box":{"x":543,"y":367,"width":94,"height":9}},{"id":"355b7f77-76d9-49c3-99c4-61de0122d107","block_type":"box","text":"(d)","page_number":19,"box":{"x":521,"y":377,"width":9,"height":6}},{"id":"beb27844-196a-474b-8d17-32e03b0b2562","block_type":"box","text":"Non-income producing security.","page_number":19,"box":{"x":544,"y":379,"width":152,"height":9}},{"id":"b85cadb0-f452-4700-8d7d-bac952d2e817","block_type":"box","text":"(e)","page_number":19,"box":{"x":521,"y":389,"width":9,"height":6}},{"id":"7601c33f-f952-4c1a-ad07-1b720bbc9fbe","block_type":"box","text":"Restricted security as to resale, excluding 144A securities. The Fund held restricted","page_number":19,"box":{"x":544,"y":390,"width":426,"height":10}},{"id":"09dcc197-9c48-48b8-abc6-69c8609b65bf","block_type":"box","text":"securities with a current value of $459,453, representing 0.1% of its net assets as of","page_number":19,"box":{"x":543,"y":401,"width":429,"height":10}},{"id":"ce1363ec-4e27-4ed3-8fce-67e4c56e6b40","block_type":"box","text":"period end, and an original cost of $2,324,453.","page_number":19,"box":{"x":544,"y":413,"width":225,"height":10}},{"id":"27c2c3a0-c981-4633-9ff2-395af2374a5d","block_type":"box","text":"(f)","page_number":19,"box":{"x":521,"y":423,"width":7,"height":6}},{"id":"69fd640b-ed00-4e3f-8373-d0c5ea3a0a13","block_type":"box","text":"All or a portion of the security is held by a wholly-owned subsidiary. See Note 1 of the","page_number":19,"box":{"x":543,"y":425,"width":428,"height":9}},{"id":"3f95bab5-84a7-4a0a-a3ca-f3e495605fd7","block_type":"box","text":"Notes to Consolidated Financial Statements for details on the wholly-owned subsidiary.","page_number":19,"box":{"x":544,"y":436,"width":422,"height":10}},{"id":"6f9af05b-0667-4b0f-89aa-2f5aa7f9ccf0","block_type":"box","text":"(g)","page_number":19,"box":{"x":521,"y":447,"width":9,"height":6}},{"id":"08a26f2c-30cf-4834-a6b4-01636f1f5263","block_type":"box","text":"Payment-in-kind security which may pay interest/dividends in additional par/shares","page_number":19,"box":{"x":544,"y":448,"width":427,"height":10}},{"id":"619afdda-e4c7-4815-94ce-372f0cecb90e","block_type":"box","text":"and/or in cash. Rates shown are the current rate and possible payment rates.","page_number":19,"box":{"x":543,"y":460,"width":376,"height":9}},{"id":"0013025b-912b-42cc-890a-6d56fb3f9605","block_type":"box","text":"(h)","page_number":19,"box":{"x":521,"y":470,"width":9,"height":6}},{"id":"0fc75821-28ae-4dbe-8761-149c19c4d765","block_type":"box","text":"This security may be resold to qualified foreign investors and foreign institutional buyers","page_number":19,"box":{"x":543,"y":471,"width":428,"height":10}},{"id":"e630d1c1-e5a6-49b1-b649-352101ff83fc","block_type":"box","text":"under Regulation S of the Securities Act of 1933.","page_number":19,"box":{"x":544,"y":483,"width":236,"height":9}},{"id":"c7116635-faa3-47b6-b5be-5123407a5f86","block_type":"box","text":"(i)","page_number":19,"box":{"x":521,"y":493,"width":6,"height":6}},{"id":"d7c8e88b-bd7b-4905-8ea1-a39709489bb1","block_type":"box","text":"Perpetual security with no stated maturity date.","page_number":19,"box":{"x":544,"y":495,"width":227,"height":9}},{"id":"82e51cfe-424c-4c3e-9d49-9858c67834af","block_type":"box","text":"(j)","page_number":19,"box":{"x":521,"y":505,"width":6,"height":6}},{"id":"6bcfe9fc-1309-4a17-b81f-e9cb81dd8279","block_type":"box","text":"Issuer filed for bankruptcy and/or is in default.","page_number":19,"box":{"x":544,"y":506,"width":220,"height":10}},{"id":"f5cd27db-5c32-4dbc-b55f-0c6b81ac4036","block_type":"box","text":"(k)","page_number":19,"box":{"x":521,"y":516,"width":9,"height":6}},{"id":"0c5e2db1-5aec-49db-8d76-0874bd0a7b2d","block_type":"box","text":"Convertible security.","page_number":19,"box":{"x":544,"y":518,"width":97,"height":9}},{"id":"701b903f-f681-4373-8494-f559a0bbdbd6","block_type":"box","text":"(l)","page_number":19,"box":{"x":521,"y":528,"width":6,"height":6}},{"id":"f4b24667-a246-4fb7-a84b-80f8f8992ec0","block_type":"box","text":"Represents an unsettled loan commitment at period end. Certain details associated with","page_number":19,"box":{"x":544,"y":529,"width":426,"height":10}},{"id":"6f171820-d06e-4670-a932-b5933bebb6e1","block_type":"box","text":"this purchase are not known prior to the settlement date, including coupon rate.","page_number":19,"box":{"x":543,"y":541,"width":385,"height":10}},{"id":"057cc6e9-896b-4bbd-b900-b4b0353a800d","block_type":"box","text":"(m)","page_number":19,"box":{"x":521,"y":551,"width":11,"height":6}},{"id":"97247d7e-ccea-454b-9144-cd713464c253","block_type":"box","text":"Rounds to less than 1,000.","page_number":19,"box":{"x":544,"y":553,"width":129,"height":8}},{"id":"0e721bd5-5292-4804-99e1-5eacbadf3c4d","block_type":"box","text":"(n)","page_number":19,"box":{"x":521,"y":563,"width":9,"height":6}},{"id":"e63f6758-8ccf-4a47-ace6-9a32a2a1818a","block_type":"box","text":"Affiliate of the Fund.","page_number":19,"box":{"x":543,"y":564,"width":97,"height":8}},{"id":"08320c5d-986f-4edc-b5c5-c571a8d94078","block_type":"box","text":"(o)","page_number":19,"box":{"x":521,"y":574,"width":9,"height":6}},{"id":"60652c8a-a6b4-46c4-b214-4c9854ef91c4","block_type":"box","text":"Annualized 7-day yield as of period end.","page_number":19,"box":{"x":543,"y":576,"width":195,"height":9}},{"id":"83b92253-51c7-4f84-9180-c56593c408bb","block_type":"box","text":"For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.","page_number":19,"box":{"x":31,"y":784,"width":731,"height":11}},{"id":"ca5efff5-d5a9-4430-bf1b-23a77b236a0d","block_type":"box","text":"Consolidated Schedule of Investments","page_number":19,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"b396d431-8390-4fc1-9f79-d507f2bba38b","block_type":"box","text":"(unaudited) (continued)","page_number":19,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"75387a2d-17df-40ff-8976-9921a8b6688e","block_type":"box","text":"June 30, 2026","page_number":19,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"3a35a078-ff2b-4712-9b01-b8d174909cb6","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":19,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"bfe6b266-4294-4efc-9013-fb5d71a33f9f","block_type":"box","text":"(Percentages shown are based on Net Assets)","page_number":19,"box":{"x":728,"y":47,"width":240,"height":9}},{"id":"510bbff0-bc7d-4f1e-885a-e0ee3aea482d","block_type":"box","text":"C","page_number":19,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"6acfb7fa-d88d-4ce9-9a74-fcfedcf99a2e","block_type":"box","text":"ONSOLIDATED","page_number":19,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"dd1095b5-2ada-494d-8d59-7103b3f1f938","block_type":"box","text":"S","page_number":19,"box":{"x":147,"y":967,"width":6,"height":7}},{"id":"a0b0fd94-6e5d-4d33-afb1-5e3018ce3c0e","block_type":"box","text":"CHEDULE OF","page_number":19,"box":{"x":158,"y":969,"width":86,"height":5}},{"id":"147db58d-fbd0-43e9-b00a-d4487209a520","block_type":"box","text":"I","page_number":19,"box":{"x":256,"y":967,"width":1,"height":7}},{"id":"e324b682-7b6e-4445-9443-ba8aba3d10a1","block_type":"box","text":"NVESTMENTS","page_number":19,"box":{"x":263,"y":969,"width":87,"height":5}},{"id":"54a61bc8-b9e3-4990-b9c5-f05d7b758ad3","block_type":"box","text":"NM0826U-5876566-19/56","page_number":19,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"9f62a343-8349-4e78-8012-88ec9f278a27","block_type":"box","text":"19","page_number":19,"box":{"x":955,"y":965,"width":13,"height":9}},{"id":"adfc55dd-b8db-419f-949e-2688b2031c8f","block_type":"box","text":"Affiliates","page_number":20,"box":{"x":30,"y":85,"width":52,"height":8}},{"id":"0737a226-6f23-43c0-bddd-4d43d4944ec1","block_type":"box","text":"Investments in issuers considered to be affiliate(s) of the Fund during the six months ended June 30, 2026 for purposes of Section 2(a)(3) of the Invest","page_number":20,"box":{"x":31,"y":109,"width":822,"height":11}},{"id":"8c35fe81-36ee-41e2-84fe-57ba72367f8a","block_type":"box","text":"ment Company Act of","page_number":20,"box":{"x":854,"y":109,"width":118,"height":11}},{"id":"4c064af6-b68c-4408-b97b-cf059ae8badc","block_type":"box","text":"1940, as amended, were as follows:","page_number":20,"box":{"x":31,"y":124,"width":195,"height":10}},{"id":"e1554204-827c-4889-93da-8128430c5b56","block_type":"box","text":"Affiliated Issuer","page_number":20,"box":{"x":50,"y":199,"width":72,"height":8}},{"id":"dba39cef-240f-46ad-957e-0222bd49bfea","block_type":"box","text":"Value at","page_number":20,"box":{"x":379,"y":186,"width":36,"height":8}},{"id":"0b49feb4-b726-45a6-a9fd-4e5dbeb5bd31","block_type":"box","text":"12/31/25","page_number":20,"box":{"x":376,"y":199,"width":39,"height":8}},{"id":"7c80fc51-a0ca-445e-bc9c-2c10322fe1e4","block_type":"box","text":"Purchases","page_number":20,"box":{"x":425,"y":186,"width":49,"height":8}},{"id":"4ffd9251-de22-4f9e-b341-8265cfd1f131","block_type":"box","text":"at Cost","page_number":20,"box":{"x":441,"y":199,"width":34,"height":8}},{"id":"b1297db5-949b-48f7-a0bf-fbf184f630fe","block_type":"box","text":"Proceeds","page_number":20,"box":{"x":504,"y":186,"width":44,"height":8}},{"id":"ff8e5d62-07da-42f3-bda7-0f5bf1ba2a9d","block_type":"box","text":"from Sales","page_number":20,"box":{"x":499,"y":199,"width":49,"height":8}},{"id":"9c2bb554-02f3-4826-8bfe-83e8f3e828f7","block_type":"box","text":"Net","page_number":20,"box":{"x":606,"y":173,"width":17,"height":8}},{"id":"fe19fe99-41bd-4b4a-aceb-ed0fed4a1b16","block_type":"box","text":"Realized","page_number":20,"box":{"x":582,"y":186,"width":41,"height":8}},{"id":"427fa65b-c61d-4339-8ef3-824820ba2566","block_type":"box","text":"Gain (Loss)","page_number":20,"box":{"x":569,"y":199,"width":53,"height":10}},{"id":"ee24a521-c759-4668-89f0-225a351e0308","block_type":"box","text":"Change in","page_number":20,"box":{"x":651,"y":160,"width":47,"height":10}},{"id":"01ce530b-6c15-42b5-94a2-11a05e663ee2","block_type":"box","text":"Unrealized","page_number":20,"box":{"x":649,"y":173,"width":49,"height":8}},{"id":"c5220645-d885-49c7-9694-74d3f6ae07f7","block_type":"box","text":"Appreciation","page_number":20,"box":{"x":640,"y":186,"width":58,"height":10}},{"id":"6e75886e-5d7f-4174-9a23-a18a59dd1e68","block_type":"box","text":"(Depreciation)","page_number":20,"box":{"x":633,"y":199,"width":64,"height":10}},{"id":"01f6c48e-070f-445b-be94-7d9169e6ae1c","block_type":"box","text":"Value at","page_number":20,"box":{"x":727,"y":186,"width":37,"height":8}},{"id":"801f11fe-29db-4408-a4bc-2f9ffda40384","block_type":"box","text":"06/30/26","page_number":20,"box":{"x":723,"y":199,"width":40,"height":8}},{"id":"afe5bc4a-af5a-4a3d-99d5-409a18c4821b","block_type":"box","text":"Shares","page_number":20,"box":{"x":790,"y":173,"width":32,"height":8}},{"id":"851f415f-55cd-4b04-a67e-3d9c63b73bf2","block_type":"box","text":"Held at","page_number":20,"box":{"x":790,"y":186,"width":33,"height":8}},{"id":"2cd2d8db-4914-461d-8dce-eb5e8fcfdb94","block_type":"box","text":"06/30/26 Income","page_number":20,"box":{"x":782,"y":199,"width":97,"height":8}},{"id":"381b0b86-603f-4862-9d7e-cf53b9f655cd","block_type":"box","text":"Capital Gain","page_number":20,"box":{"x":890,"y":147,"width":56,"height":10}},{"id":"aab0d4a4-c40b-492b-b497-15da4a3e6528","block_type":"box","text":"Distributions","page_number":20,"box":{"x":890,"y":160,"width":57,"height":8}},{"id":"779dad64-bbb4-4de7-8dc0-5b5b1cb7c8ea","block_type":"box","text":"from","page_number":20,"box":{"x":926,"y":173,"width":20,"height":8}},{"id":"0304f9a5-de2b-4e85-865a-539a6970536a","block_type":"box","text":"Underlying","page_number":20,"box":{"x":898,"y":186,"width":49,"height":10}},{"id":"476ca732-8f78-4473-8413-3a20cf472d6c","block_type":"box","text":"Funds","page_number":20,"box":{"x":918,"y":199,"width":29,"height":8}},{"id":"ec0971a1-8563-4263-963b-74ef70608b75","block_type":"box","text":"BlackRock Liquidity Funds, T-Fund, Institutional Shares","page_number":20,"box":{"x":51,"y":216,"width":268,"height":10}},{"id":"70031eb5-7081-452d-84b6-63051d59b080","block_type":"box","text":".....","page_number":20,"box":{"x":322,"y":223,"width":21,"height":1}},{"id":"a5bc4a41-77a5-4829-95ab-4b14993cd911","block_type":"box","text":"$ 20,588,195 $ — $ (11,835,281)","page_number":20,"box":{"x":354,"y":216,"width":197,"height":10}},{"id":"bf0fd7c6-fb7d-41c2-8569-228d5fb0dc35","block_type":"box","text":"(a)","page_number":20,"box":{"x":552,"y":215,"width":8,"height":6}},{"id":"1d51bed8-4fb4-4ab5-922f-5cfc560ac700","block_type":"box","text":"$ — $ — $ 8,752,914","page_number":20,"box":{"x":569,"y":216,"width":194,"height":9}},{"id":"56d603ab-85eb-4cd8-a937-a1715eb7ec45","block_type":"box","text":"8,752,914","page_number":20,"box":{"x":774,"y":216,"width":48,"height":9}},{"id":"7777648c-1b96-4860-a8b1-ce3562a7507d","block_type":"box","text":"$ 168,970 $ —","page_number":20,"box":{"x":833,"y":216,"width":114,"height":9}},{"id":"ebf14a63-0fe2-46d5-8669-b423d1abf6a3","block_type":"box","text":"Igloo Parent Holdings LLC","page_number":20,"box":{"x":51,"y":229,"width":127,"height":10}},{"id":"98873441-f40f-4473-8343-03db47207a89","block_type":"box","text":".................................","page_number":20,"box":{"x":180,"y":236,"width":163,"height":1}},{"id":"3e923d6f-e45a-489e-84c3-ebf6f559fa9b","block_type":"box","text":"1,747,103 — (1,747,000) — (103) — 21 — —","page_number":20,"box":{"x":367,"y":229,"width":580,"height":10}},{"id":"0f36056f-a651-4410-bfcc-6cabf77a54d8","block_type":"box","text":"$ — $ (103) $ 8,752,914 $ 168,970 $ —","page_number":20,"box":{"x":569,"y":246,"width":378,"height":10}},{"id":"03814b21-8a7c-4553-b1b9-d53094150af4","block_type":"box","text":"(a)","page_number":20,"box":{"x":50,"y":275,"width":9,"height":6}},{"id":"f90a0147-50b5-4cd0-9d53-c8c489a97ccd","block_type":"box","text":"Represents net amount purchased (sold).","page_number":20,"box":{"x":68,"y":276,"width":200,"height":10}},{"id":"4cdbc19d-d271-449f-819f-24039727cb05","block_type":"box","text":"Derivative Financial Instruments Categorized by Risk Exposure","page_number":20,"box":{"x":31,"y":305,"width":370,"height":11}},{"id":"2e7330d7-5768-412b-a44a-69db39f3dc26","block_type":"box","text":"For the period ended June 30, 2026, the effect of derivative financial instruments in the Consolidated Statement of Operations was as follows:","page_number":20,"box":{"x":31,"y":329,"width":773,"height":11}},{"id":"acb6a935-d7f7-43f9-bf1a-ba95eec9ffdd","block_type":"box","text":"Commodity","page_number":20,"box":{"x":440,"y":379,"width":55,"height":10}},{"id":"c7c7bee1-10d9-48d0-8648-233426480f73","block_type":"box","text":"Contracts","page_number":20,"box":{"x":448,"y":392,"width":47,"height":8}},{"id":"b9abe059-4dcb-46a9-a8aa-4125ddbc93c9","block_type":"box","text":"Credit","page_number":20,"box":{"x":544,"y":379,"width":28,"height":8}},{"id":"a30354c7-898d-4da7-a0a0-c9bf8bdb695e","block_type":"box","text":"Contracts","page_number":20,"box":{"x":526,"y":392,"width":46,"height":8}},{"id":"cc39f1f0-49be-43f7-aab6-49a16d840c43","block_type":"box","text":"Equity","page_number":20,"box":{"x":619,"y":380,"width":31,"height":9}},{"id":"1313c423-9b86-4156-8015-0848c235c0ca","block_type":"box","text":"Contracts","page_number":20,"box":{"x":603,"y":392,"width":46,"height":8}},{"id":"633a3e14-cc33-444d-83ce-249b85504fa7","block_type":"box","text":"Foreign","page_number":20,"box":{"x":692,"y":354,"width":36,"height":9}},{"id":"6498d498-c15b-4c4a-9191-461b75ae03a3","block_type":"box","text":"Currency","page_number":20,"box":{"x":685,"y":366,"width":44,"height":10}},{"id":"d5dd9c58-9f80-46f5-90ec-e92b79859ec3","block_type":"box","text":"Exchange","page_number":20,"box":{"x":680,"y":380,"width":48,"height":9}},{"id":"320527c2-b98a-46c8-8a64-ca5fd5453a04","block_type":"box","text":"Contracts","page_number":20,"box":{"x":682,"y":392,"width":47,"height":8}},{"id":"3bb38c24-9721-4a69-b2fc-f544e868ffb4","block_type":"box","text":"Interest","page_number":20,"box":{"x":770,"y":367,"width":36,"height":7}},{"id":"ade58d64-28a5-4cbf-a1aa-455d521638d9","block_type":"box","text":"Rate","page_number":20,"box":{"x":783,"y":380,"width":23,"height":7}},{"id":"dcc81a7f-6404-4521-bcce-1cfec6d8d33a","block_type":"box","text":"Contracts","page_number":20,"box":{"x":760,"y":392,"width":46,"height":8}},{"id":"6081bb78-000b-46f5-ad43-947b38fd1114","block_type":"box","text":"Other","page_number":20,"box":{"x":857,"y":379,"width":27,"height":8}},{"id":"72e6a8f8-cd79-460c-b4f7-a84faa418c15","block_type":"box","text":"Contracts Total","page_number":20,"box":{"x":837,"y":392,"width":110,"height":8}},{"id":"c590af88-5ba1-4096-8920-5351dc970878","block_type":"box","text":"Net Realized Gain (Loss) from:","page_number":20,"box":{"x":51,"y":410,"width":157,"height":9}},{"id":"d454668d-725f-44a2-886d-c8829b05f253","block_type":"box","text":"Futures contracts","page_number":20,"box":{"x":51,"y":423,"width":84,"height":7}},{"id":"d025cb6f-03a9-468f-a1ea-5eab107471ee","block_type":"box","text":".......................................................","page_number":20,"box":{"x":140,"y":429,"width":273,"height":1}},{"id":"9776e2aa-f0a4-4206-afb0-b819efc4674c","block_type":"box","text":"$ — $ — $ — $ — $ (5,759) $ — $ (5,759)","page_number":20,"box":{"x":434,"y":422,"width":516,"height":10}},{"id":"19240fda-55ff-4ae0-8b3c-86481efbfda8","block_type":"box","text":"Forward foreign currency exchange contracts","page_number":20,"box":{"x":51,"y":435,"width":220,"height":10}},{"id":"5c4b94cd-f4c1-4a48-8e34-e4602d2c606d","block_type":"box","text":"............................","page_number":20,"box":{"x":276,"y":442,"width":137,"height":1}},{"id":"5060c51f-f093-41d2-91d4-37c509f2c108","block_type":"box","text":"— — — (108,516) — — (108,516)","page_number":20,"box":{"x":484,"y":435,"width":466,"height":10}},{"id":"147a4a31-0dce-407f-96ce-843c9b86484c","block_type":"box","text":"Swaps","page_number":20,"box":{"x":50,"y":448,"width":33,"height":10}},{"id":"d58b85e3-3487-435a-a488-01de16c03c55","block_type":"box","text":"..................................................................","page_number":20,"box":{"x":84,"y":455,"width":329,"height":1}},{"id":"fa55f9b0-fc5e-4f61-ab65-78ae5c17a321","block_type":"box","text":"— 148,974 — — — — 148,974","page_number":20,"box":{"x":484,"y":448,"width":462,"height":9}},{"id":"aed9f0dc-0c9d-4cc2-8d1c-9c9e056c9989","block_type":"box","text":"$ — $ 148,974 $ — $ (108,516) $ (5,759) $ — $ 34,699","page_number":20,"box":{"x":434,"y":465,"width":512,"height":10}},{"id":"c71ee118-af75-442e-a476-83e061f86dd0","block_type":"box","text":"Net Change in Unrealized Appreciation (Depreciation) on:","page_number":20,"box":{"x":51,"y":484,"width":297,"height":9}},{"id":"2b4cd5b9-2ea4-48b3-a217-11898f51bcef","block_type":"box","text":"Futures contracts","page_number":20,"box":{"x":51,"y":497,"width":84,"height":7}},{"id":"0203cdd9-9c53-44ca-807d-fea341c1e192","block_type":"box","text":".......................................................","page_number":20,"box":{"x":140,"y":503,"width":273,"height":1}},{"id":"9e071314-20bf-4048-95b8-db67b8006e7a","block_type":"box","text":"$ — $ — $ — $ — $ (24,657) $ — $ (24,657)","page_number":20,"box":{"x":434,"y":496,"width":516,"height":10}},{"id":"4b33b730-a12b-4381-8b52-a23ae0a2c757","block_type":"box","text":"Forward foreign currency exchange contracts","page_number":20,"box":{"x":51,"y":510,"width":220,"height":9}},{"id":"a3b8ea2a-0e32-4032-91f4-9002c0ae2ece","block_type":"box","text":"............................","page_number":20,"box":{"x":276,"y":516,"width":137,"height":1}},{"id":"7a5824ff-ba3b-4722-945b-39f9023a23b6","block_type":"box","text":"— — — 210,699 — — 210,699","page_number":20,"box":{"x":484,"y":510,"width":462,"height":9}},{"id":"796425fd-8d71-42a0-91b9-7d33925f6bfd","block_type":"box","text":"Swaps","page_number":20,"box":{"x":50,"y":522,"width":33,"height":10}},{"id":"9047ad7a-220f-43cf-8ee8-1229a1f67614","block_type":"box","text":"..................................................................","page_number":20,"box":{"x":84,"y":529,"width":329,"height":1}},{"id":"20a55983-7e83-45ab-b841-5ddd4adf5c7e","block_type":"box","text":"— (149,197) — — — — (149,197)","page_number":20,"box":{"x":484,"y":522,"width":466,"height":10}},{"id":"0727f71e-9f87-4f5c-8e77-7f26fe81de0f","block_type":"box","text":"$ — $ (149,197) $ — $ 210,699 $ (24,657) $ — $ 36,845","page_number":20,"box":{"x":434,"y":539,"width":512,"height":11}},{"id":"9ef2e007-85d8-45b9-b9a9-9c175b471aec","block_type":"box","text":"Average Quarterly Balances of Outstanding Derivative Financial Instruments","page_number":20,"box":{"x":30,"y":577,"width":449,"height":11}},{"id":"b5e978b1-b848-458a-a6ce-aa4c42c9cd59","block_type":"box","text":"Futures contracts:","page_number":20,"box":{"x":51,"y":597,"width":86,"height":7}},{"id":"f5058e7a-73c2-4410-88c6-0017a9018a9a","block_type":"box","text":"Average notional value of contracts — long","page_number":20,"box":{"x":63,"y":609,"width":209,"height":10}},{"id":"51cdfa41-96b1-4c57-8b09-662f7986fd3e","block_type":"box","text":".......................................................................................................................","page_number":20,"box":{"x":275,"y":616,"width":595,"height":1}},{"id":"f3851648-699a-48b3-854d-fc7b9c7480a8","block_type":"box","text":"$—","page_number":20,"box":{"x":892,"y":609,"width":55,"height":9}},{"id":"ea483881-50f1-49be-9ee4-c5b0d730072e","block_type":"box","text":"(a)","page_number":20,"box":{"x":947,"y":608,"width":9,"height":6}},{"id":"317d252c-2ab4-41f3-8b39-2fb1b2b146ae","block_type":"box","text":"Average notional value of contracts — short","page_number":20,"box":{"x":63,"y":622,"width":214,"height":10}},{"id":"61776402-0a3c-4fdf-be7a-df1b8c0add9f","block_type":"box","text":"......................................................................................................................","page_number":20,"box":{"x":280,"y":629,"width":591,"height":1}},{"id":"f3e865aa-ec86-415a-a4c7-25056d501547","block_type":"box","text":"—","page_number":20,"box":{"x":936,"y":627,"width":11,"height":1}},{"id":"833ab863-27c0-47aa-a967-8e0bd42ed903","block_type":"box","text":"(a)","page_number":20,"box":{"x":947,"y":621,"width":9,"height":6}},{"id":"a1fae5dc-c166-46f2-97cc-ca7192acdbbc","block_type":"box","text":"Forward foreign currency exchange contracts:","page_number":20,"box":{"x":51,"y":635,"width":222,"height":10}},{"id":"c74c2648-84cf-4138-a5be-a2ca815ab773","block_type":"box","text":"Average amounts purchased — in USD","page_number":20,"box":{"x":63,"y":648,"width":192,"height":10}},{"id":"1d08378d-1bd3-41b0-8cad-786847ff9e2d","block_type":"box","text":"..........................................................................................................................","page_number":20,"box":{"x":260,"y":655,"width":611,"height":1}},{"id":"79a193e2-bed2-4222-8905-a8099b35e041","block_type":"box","text":"2,888,981","page_number":20,"box":{"x":898,"y":648,"width":47,"height":9}},{"id":"b60d3cb9-3fe8-4eed-b9de-5944248247d2","block_type":"box","text":"Average amounts sold — in USD","page_number":20,"box":{"x":63,"y":661,"width":161,"height":10}},{"id":"b20646fc-82ba-4e3d-85c0-e73f07d2328f","block_type":"box","text":"...............................................................................................................................","page_number":20,"box":{"x":229,"y":667,"width":636,"height":2}},{"id":"7a2a2722-4c58-47fe-a156-812f5cfae87b","block_type":"box","text":".","page_number":20,"box":{"x":869,"y":667,"width":2,"height":2}},{"id":"d801130b-24e2-4579-91f2-2c8d62fe46ca","block_type":"box","text":"114,705","page_number":20,"box":{"x":909,"y":661,"width":37,"height":9}},{"id":"b45cd7fd-eadb-42c0-b9a0-d4ea6e3db12d","block_type":"box","text":"Credit default swaps:","page_number":20,"box":{"x":50,"y":674,"width":102,"height":9}},{"id":"a4fb629e-8008-46d2-8754-8f8f51c6466d","block_type":"box","text":"Average notional value — sell protection","page_number":20,"box":{"x":63,"y":687,"width":197,"height":10}},{"id":"e4e39414-890b-4806-aa6b-1726a244bfc0","block_type":"box","text":".........................................................................................................................","page_number":20,"box":{"x":265,"y":693,"width":606,"height":1}},{"id":"284e29be-63b0-4c6e-88a5-f5033f9c3fa2","block_type":"box","text":"—","page_number":20,"box":{"x":936,"y":691,"width":11,"height":1}},{"id":"7609f919-dc76-4c05-9250-07d93f1cbca7","block_type":"box","text":"(a)","page_number":20,"box":{"x":947,"y":685,"width":9,"height":7}},{"id":"cf2ee9f9-decb-48d3-91df-a8c4bdb9d2c1","block_type":"box","text":"(a)","page_number":20,"box":{"x":50,"y":711,"width":9,"height":6}},{"id":"46243153-96b0-4c4d-99ea-4a0200e9d964","block_type":"box","text":"Derivative financial instrument not held at any quarter-end. The risk exposure table serves as an indicator of activity during the period.","page_number":20,"box":{"x":68,"y":712,"width":649,"height":10}},{"id":"2f0dd10a-e4ca-4a45-91b4-405ffa7da186","block_type":"box","text":"For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Consolidated Financial St","page_number":20,"box":{"x":31,"y":730,"width":791,"height":11}},{"id":"074cd764-3559-44d9-a4e1-6f1e9cb408c0","block_type":"box","text":"atements.","page_number":20,"box":{"x":823,"y":730,"width":53,"height":9}},{"id":"f0a69f74-acc2-4125-bae3-49e58d787ed7","block_type":"box","text":"Fair Value Hiera","page_number":20,"box":{"x":31,"y":765,"width":90,"height":8}},{"id":"52ad236a-f9e9-4add-9723-3e71e1062293","block_type":"box","text":"rchy as of P","page_number":20,"box":{"x":122,"y":765,"width":69,"height":11}},{"id":"c0f817b7-8217-4872-bba6-0cbb34204707","block_type":"box","text":"eriod End","page_number":20,"box":{"x":192,"y":765,"width":56,"height":8}},{"id":"1ed1974c-fc87-4395-abe3-13ccd51e3e1c","block_type":"box","text":"Various inputs are used in determining the fair value of financial instruments at the measurement date. For a description of the input levels and infor","page_number":20,"box":{"x":30,"y":789,"width":808,"height":11}},{"id":"110f4f86-c1d2-476a-9098-4b28b12709e2","block_type":"box","text":"mation about the Fund’s","page_number":20,"box":{"x":839,"y":789,"width":132,"height":9}},{"id":"fa254cb9-9d1c-409e-b8c3-f1e8f6074875","block_type":"box","text":"policy regarding valuation of financial instruments, refer to the Notes to Consolidated Financial Statements.","page_number":20,"box":{"x":31,"y":804,"width":583,"height":10}},{"id":"a1d11939-322e-425a-931f-b69df52452e9","block_type":"box","text":"The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial inst","page_number":20,"box":{"x":30,"y":828,"width":835,"height":11}},{"id":"ebcb3e86-9df4-4f3f-9075-82a30ea8c969","block_type":"box","text":"ruments into major","page_number":20,"box":{"x":866,"y":828,"width":106,"height":11}},{"id":"8b8016cb-c47d-46a9-8376-3a538df2a729","block_type":"box","text":"categories is disclosed in the Consolidated Schedule of Investments above.","page_number":20,"box":{"x":30,"y":842,"width":413,"height":11}},{"id":"d1392428-6aa7-4822-9f81-f2d2e3d10c53","block_type":"box","text":"Level 1 Level 2 Level 3 Total","page_number":20,"box":{"x":580,"y":867,"width":367,"height":7}},{"id":"9580cc4f-6ec4-4263-93cf-db432c10280e","block_type":"box","text":"Assets","page_number":20,"box":{"x":50,"y":884,"width":33,"height":8}},{"id":"8b3a5d77-b70b-4738-ab07-beb0c483a232","block_type":"box","text":"Investments","page_number":20,"box":{"x":64,"y":897,"width":58,"height":8}},{"id":"b7e3887a-e97f-44ec-8b74-5635170bd03d","block_type":"box","text":"Long-Term Investments","page_number":20,"box":{"x":78,"y":910,"width":113,"height":10}},{"id":"a9415d20-2b80-4933-9181-6561dcf0cf2a","block_type":"box","text":"Asset-Backed Securities","page_number":20,"box":{"x":90,"y":923,"width":119,"height":7}},{"id":"e4095809-8cda-4051-b378-e6d753b7b31d","block_type":"box","text":"...............................................................","page_number":20,"box":{"x":212,"y":929,"width":313,"height":1}},{"id":"931b0eb0-0774-4353-b296-7053a93bfe48","block_type":"box","text":"$ — $ 40,361,307 $ — $ 40,361,307","page_number":20,"box":{"x":547,"y":922,"width":399,"height":10}},{"id":"145c273d-d314-4e2d-941a-c291c56f5678","block_type":"box","text":"Consolidated Schedule of Investments","page_number":20,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"edeb3c85-816e-40b4-8db4-d283140bae83","block_type":"box","text":"(unaudited) (continued)","page_number":20,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"276602df-44b1-4701-bd76-6ea6d8aafa83","block_type":"box","text":"June 30, 2026","page_number":20,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"26ee5573-3767-499d-b854-a7055643cadc","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":20,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"7acc76f8-5abe-4bb5-8439-def267555887","block_type":"box","text":"20","page_number":20,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"121e3edb-4ca1-4390-b41b-66a3b9205663","block_type":"box","text":"2026","page_number":20,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"8ea44778-9ab6-43db-9bf2-3a6c6c7eb03d","block_type":"box","text":"B","page_number":20,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"7049ebcd-e2cb-4f63-a585-46bac3942316","block_type":"box","text":"LACK","page_number":20,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"f38dc9aa-c13d-4727-a745-5753932e3cdb","block_type":"box","text":"R","page_number":20,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"d6ebe055-713d-4757-8e8d-5ce1ebaca086","block_type":"box","text":"OCK","page_number":20,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"bb6ea16c-b6de-4b13-a8d6-feb9c048c8d2","block_type":"box","text":"S","page_number":20,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"05e32725-7530-4540-93d5-f924d7024438","block_type":"box","text":"EMI","page_number":20,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"122f9d5d-1af1-47d3-9c54-cfae51f85287","block_type":"box","text":"-A","page_number":20,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"85aa17ea-fca3-40be-aca0-260bd90a4208","block_type":"box","text":"NNUAL","page_number":20,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"882060b6-9463-49c8-9e89-9ccb7fb9ddd6","block_type":"box","text":"NM0826U-5876566-20/56 R EPORT TO S HARE","page_number":20,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"57312795-1ab8-441a-bd3a-0a805b8f8ebe","block_type":"box","text":"NM\r\nR","page_number":20,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"85d7463f-c441-43b0-8fe2-5876e3a5225a","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":20,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"c19d71cf-cfef-4441-b8d2-35a96853d3dc","block_type":"box","text":"66\r\nS","page_number":20,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"2ffc6411-3924-45cc-bbec-3dc6bf645ad3","block_type":"box","text":"-20/56 \r\nHAREHOLDERS","page_number":20,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"808d97df-fc80-44b8-a327-9a0e5eaadd6f","block_type":"box","text":"Fair Value Hiera","page_number":21,"box":{"x":31,"y":85,"width":90,"height":8}},{"id":"bdb90aa7-00ce-45e5-a8ff-a7078f40b2f5","block_type":"box","text":"rchy as of P","page_number":21,"box":{"x":122,"y":85,"width":69,"height":11}},{"id":"5c01c05d-b598-40fd-98d2-2e16fb0ca112","block_type":"box","text":"eriod End (continued)","page_number":21,"box":{"x":192,"y":85,"width":127,"height":11}},{"id":"abdecc77-4863-4352-a821-eb42c1d2af3f","block_type":"box","text":"Level 1 Level 2 Level 3 Total","page_number":21,"box":{"x":580,"y":104,"width":367,"height":8}},{"id":"facee33c-6573-4c78-8a77-3cd37a19454a","block_type":"box","text":"Common Stocks","page_number":21,"box":{"x":91,"y":122,"width":80,"height":7}},{"id":"7e36fa1c-5c27-4d0f-90d7-be2f8a9d9428","block_type":"box","text":"......................................................................","page_number":21,"box":{"x":176,"y":128,"width":349,"height":1}},{"id":"f7bddb3b-18b4-49e1-8b18-ede4970d2f07","block_type":"box","text":"$ — $ 47,654 $ 148,443 $ 196,097","page_number":21,"box":{"x":547,"y":121,"width":399,"height":10}},{"id":"2ffaf58d-d961-45f3-9d56-9c9b57c1d6ed","block_type":"box","text":"Corporate Bonds","page_number":21,"box":{"x":91,"y":134,"width":82,"height":10}},{"id":"7fd32125-65a5-453b-af98-9d9c8249fe0b","block_type":"box","text":"......................................................................","page_number":21,"box":{"x":176,"y":141,"width":349,"height":1}},{"id":"c8d41ef0-d4cf-4aba-8660-b1106c029561","block_type":"box","text":"— 50,081,344 — 50,081,344","page_number":21,"box":{"x":604,"y":135,"width":342,"height":8}},{"id":"ac11b7b7-f2c3-4bb5-b93c-996ec6529cf6","block_type":"box","text":"Fixed Rate Loan Interests","page_number":21,"box":{"x":91,"y":147,"width":125,"height":8}},{"id":"0c3f4da8-6fc4-4eb3-8209-87a4ee4a920b","block_type":"box","text":".............................................................","page_number":21,"box":{"x":222,"y":154,"width":303,"height":1}},{"id":"362153bc-2954-4a38-9498-7be874ff85f5","block_type":"box","text":"— 1,511,839 2,145,967 3,657,806","page_number":21,"box":{"x":604,"y":147,"width":342,"height":9}},{"id":"bf3fbf7e-aa39-4df4-bc80-5ca40f8bde66","block_type":"box","text":"Floating Rate Loan Interests","page_number":21,"box":{"x":91,"y":160,"width":137,"height":10}},{"id":"9d4b84c7-4749-4c6d-bd13-05bbe1fe3790","block_type":"box","text":"...........................................................","page_number":21,"box":{"x":232,"y":167,"width":293,"height":1}},{"id":"90948478-c0cc-4016-91e1-33d1f8d59850","block_type":"box","text":"— 225,917,940 235,854,793 461,772,733","page_number":21,"box":{"x":604,"y":160,"width":342,"height":9}},{"id":"782a9f2c-b840-4caa-a69f-f85beff608fa","block_type":"box","text":"Investment Companies","page_number":21,"box":{"x":91,"y":173,"width":111,"height":10}},{"id":"8aae387d-cbec-4101-8cf8-460dcc885534","block_type":"box","text":"................................................................","page_number":21,"box":{"x":207,"y":179,"width":318,"height":2}},{"id":"35b0e1e0-2144-42d1-a07d-4b19359bc9bf","block_type":"box","text":"— 11,575 — 11,575","page_number":21,"box":{"x":604,"y":173,"width":342,"height":9}},{"id":"774d4866-26ca-4554-bc77-d0789facd2f8","block_type":"box","text":"Preferred Securities","page_number":21,"box":{"x":91,"y":186,"width":96,"height":8}},{"id":"d0cd691b-26a4-434e-9b70-de3580e0018a","block_type":"box","text":"Preferred Stocks","page_number":21,"box":{"x":104,"y":199,"width":81,"height":8}},{"id":"9ffc97d4-90a4-4937-a02d-346ee3f4e115","block_type":"box","text":"...................................................................","page_number":21,"box":{"x":192,"y":205,"width":333,"height":1}},{"id":"6ba87e88-9758-4ea5-8eb7-250163cedcb1","block_type":"box","text":"— 18,999 3,041,309 3,060,308","page_number":21,"box":{"x":604,"y":199,"width":342,"height":9}},{"id":"3a26136d-956e-49e6-8290-a5ce4e2f06a9","block_type":"box","text":"Warrants","page_number":21,"box":{"x":90,"y":212,"width":44,"height":7}},{"id":"80e5f43f-b395-4bb9-bac4-0d53f1774cdf","block_type":"box","text":"..............................................................................","page_number":21,"box":{"x":136,"y":218,"width":389,"height":1}},{"id":"e100cb42-08ed-4d7e-b656-1ec74ec1c93a","block_type":"box","text":"— 35 97,853 97,888","page_number":21,"box":{"x":604,"y":212,"width":342,"height":9}},{"id":"ffa08b83-5505-45ae-9560-3676925197e0","block_type":"box","text":"Short-Term Securities","page_number":21,"box":{"x":77,"y":225,"width":105,"height":7}},{"id":"c0b2de3d-3b40-4bde-b2dc-830351227a88","block_type":"box","text":"Money Market Funds","page_number":21,"box":{"x":91,"y":238,"width":102,"height":9}},{"id":"376893f9-0d85-4e42-a99f-185a31f58580","block_type":"box","text":"..................................................................","page_number":21,"box":{"x":197,"y":244,"width":328,"height":1}},{"id":"9b21d612-c22d-4501-91cf-ec5e16c5c92f","block_type":"box","text":"8,752,914 — — 8,752,914","page_number":21,"box":{"x":567,"y":238,"width":379,"height":9}},{"id":"6f8cb5eb-cf10-414e-a83c-4a49d5c30ed6","block_type":"box","text":"Unfunded Floating Rate Loan Interests","page_number":21,"box":{"x":64,"y":250,"width":188,"height":10}},{"id":"f59e7917-0215-4f93-a456-99ac20ca9757","block_type":"box","text":"(a)","page_number":21,"box":{"x":253,"y":249,"width":9,"height":6}},{"id":"2d01169a-00c0-41e6-a8f3-e95a6bff5198","block_type":"box","text":"....................................................","page_number":21,"box":{"x":267,"y":257,"width":258,"height":1}},{"id":"20831146-ba70-4ded-87b4-bab120c7f3de","block_type":"box","text":"— 2,367 62,056 64,423","page_number":21,"box":{"x":604,"y":251,"width":342,"height":8}},{"id":"5d63b401-91d9-4524-a3b5-fdf87cced101","block_type":"box","text":"Liabilities","page_number":21,"box":{"x":51,"y":263,"width":44,"height":8}},{"id":"8106aa82-01bd-4d69-894d-1888ab472740","block_type":"box","text":"Unfunded Floating Rate Loan Interests","page_number":21,"box":{"x":64,"y":276,"width":188,"height":10}},{"id":"82a24d56-eea4-40dc-b3d2-a062f0594a33","block_type":"box","text":"(a)","page_number":21,"box":{"x":253,"y":275,"width":9,"height":6}},{"id":"fa2d56e4-44ef-4614-902a-3b12202a839f","block_type":"box","text":"....................................................","page_number":21,"box":{"x":267,"y":283,"width":258,"height":1}},{"id":"b6f9a86d-fdd3-4286-8fc9-a57838ea83ef","block_type":"box","text":"— (286,106) (265,981) (552,087)","page_number":21,"box":{"x":604,"y":276,"width":346,"height":10}},{"id":"1b5ace3a-3621-4c69-b470-a64bdc2bb586","block_type":"box","text":"$ 8,752,914 $ 317,666,954 $ 241,084,440 $ 567,504,308","page_number":21,"box":{"x":547,"y":293,"width":399,"height":10}},{"id":"462356c8-e65d-41f5-9c0d-a8ab54f0e266","block_type":"box","text":"(a)","page_number":21,"box":{"x":50,"y":322,"width":9,"height":6}},{"id":"1b81a6ad-62c1-4cd0-8704-e91f58a03d3c","block_type":"box","text":"Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.","page_number":21,"box":{"x":68,"y":323,"width":547,"height":10}},{"id":"c2ed5928-8e53-4c5c-bf68-832e8e6bdf91","block_type":"box","text":"The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period en","page_number":21,"box":{"x":30,"y":341,"width":834,"height":11}},{"id":"694ba689-7826-47c4-96f0-157178787abf","block_type":"box","text":"d, bank borrowings","page_number":21,"box":{"x":866,"y":342,"width":105,"height":10}},{"id":"4bbbede6-9456-45bc-bd33-ca09b52e2d98","block_type":"box","text":"payable of $48,000,000 are categorized as Level 2 within the fair value hierarchy.","page_number":21,"box":{"x":31,"y":355,"width":443,"height":11}},{"id":"3b1fa087-91f5-49ae-8f9c-6ebbd1aea873","block_type":"box","text":"A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivative financial","page_number":21,"box":{"x":30,"y":380,"width":835,"height":11}},{"id":"e5f7dd6f-8589-4688-bd8c-046a2dacfcf9","block_type":"box","text":"instruments at the","page_number":21,"box":{"x":871,"y":380,"width":100,"height":9}},{"id":"b3836263-8b15-4bce-982a-229aacda4bd5","block_type":"box","text":"beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unob","page_number":21,"box":{"x":31,"y":394,"width":785,"height":11}},{"id":"5dac10f7-bd0c-4ade-9c88-69197300a4a7","block_type":"box","text":"servable inputs were used in","page_number":21,"box":{"x":817,"y":394,"width":154,"height":11}},{"id":"90466c77-2438-4639-bbf0-a12bfbadb4d3","block_type":"box","text":"determining fair value:","page_number":21,"box":{"x":30,"y":408,"width":121,"height":11}},{"id":"015d992c-f060-4202-a901-acd78d6e386e","block_type":"box","text":"Common","page_number":21,"box":{"x":523,"y":459,"width":38,"height":7}},{"id":"6141744b-c5b8-464d-9095-8edb33e4574f","block_type":"box","text":"Stocks","page_number":21,"box":{"x":533,"y":472,"width":28,"height":7}},{"id":"be048eed-876d-472b-adc6-89668d046839","block_type":"box","text":"Corporate","page_number":21,"box":{"x":582,"y":459,"width":42,"height":9}},{"id":"792fd58c-fcf6-44ff-9406-ef6966bd3fc5","block_type":"box","text":"Bonds","page_number":21,"box":{"x":597,"y":472,"width":27,"height":7}},{"id":"f3ee1c5c-dedb-4800-aaa1-dddf42f3258a","block_type":"box","text":"Fixed","page_number":21,"box":{"x":664,"y":446,"width":24,"height":7}},{"id":"bc4f024d-33ea-4ab9-84db-c94a76cd467d","block_type":"box","text":"Rate Loan","page_number":21,"box":{"x":643,"y":459,"width":44,"height":7}},{"id":"24e90845-bde6-45ce-99fb-948af4117c6f","block_type":"box","text":"Interests","page_number":21,"box":{"x":651,"y":472,"width":36,"height":7}},{"id":"529c0c58-dc04-42be-9e42-b7a4b0dbff1e","block_type":"box","text":"Floating","page_number":21,"box":{"x":729,"y":446,"width":34,"height":9}},{"id":"fd255f40-af0d-41af-96c7-78ee6bb4b76c","block_type":"box","text":"Rate Loan","page_number":21,"box":{"x":719,"y":459,"width":44,"height":7}},{"id":"5befc087-4e75-4b22-90ea-042e6dba914a","block_type":"box","text":"Interests","page_number":21,"box":{"x":727,"y":472,"width":36,"height":7}},{"id":"cd02ff16-08d1-4217-882a-ec0ada5922f8","block_type":"box","text":"Investment","page_number":21,"box":{"x":780,"y":459,"width":47,"height":7}},{"id":"57b553bb-6979-4c51-b23b-22382e8eea80","block_type":"box","text":"Companies","page_number":21,"box":{"x":778,"y":472,"width":48,"height":9}},{"id":"c95f69cb-f6e4-4e08-9fd0-83670dadf37a","block_type":"box","text":"Preferred","page_number":21,"box":{"x":853,"y":459,"width":41,"height":7}},{"id":"8f015e2b-ad6e-446b-b012-23c992cbef12","block_type":"box","text":"Stocks","page_number":21,"box":{"x":865,"y":472,"width":28,"height":7}},{"id":"93428706-f201-4368-8dd2-c7a0f3e707d5","block_type":"box","text":"Unfunded","page_number":21,"box":{"x":910,"y":433,"width":41,"height":8}},{"id":"c97919da-b2c9-42fb-8dc2-a0959a643805","block_type":"box","text":"Floating","page_number":21,"box":{"x":917,"y":446,"width":34,"height":9}},{"id":"e06dd46e-286b-41e0-8565-d5334858188b","block_type":"box","text":"Rate Loan","page_number":21,"box":{"x":907,"y":459,"width":44,"height":7}},{"id":"4d343290-f61f-441c-9f28-aacd75892944","block_type":"box","text":"Interests","page_number":21,"box":{"x":914,"y":472,"width":37,"height":7}},{"id":"93671ae6-505d-4507-849b-79af8d2b4926","block_type":"box","text":"Assets/Liabilities","page_number":21,"box":{"x":50,"y":489,"width":90,"height":8}},{"id":"1f53117f-f145-4b8c-a007-a046f83abbe7","block_type":"box","text":"Opening balance, as of December 31, 2025","page_number":21,"box":{"x":50,"y":502,"width":213,"height":10}},{"id":"20917486-6f99-4e1c-b16a-e60becedc0ed","block_type":"box","text":"...........................................","page_number":21,"box":{"x":264,"y":508,"width":213,"height":1}},{"id":"0e9c20c1-3686-4b3e-87f7-476c579a3156","block_type":"box","text":"$ 55,022 $ 2,460,086 $ 3,195,748 $ 242,932,932 $ 1,747,103 $ 5,859,554 $ (710,813)","page_number":21,"box":{"x":509,"y":501,"width":445,"height":11}},{"id":"fc96c0e3-d1f9-402b-bc06-9ec6e85d4709","block_type":"box","text":"Transfers into Level 3","page_number":21,"box":{"x":50,"y":515,"width":105,"height":7}},{"id":"15a5a9ab-0932-4931-9a82-8039c8bd7725","block_type":"box","text":"(a)","page_number":21,"box":{"x":156,"y":513,"width":9,"height":6}},{"id":"0fad7a1b-3603-4286-9c23-7ec66f0af70c","block_type":"box","text":"..............................................................","page_number":21,"box":{"x":169,"y":521,"width":308,"height":1}},{"id":"53512336-4ae8-4ee7-89ea-60b74ea595bd","block_type":"box","text":"— — — 22,433,379 — — —","page_number":21,"box":{"x":550,"y":515,"width":401,"height":9}},{"id":"832ee00b-b8fc-46da-b146-a8dc75485b18","block_type":"box","text":"Transfers out of Level 3","page_number":21,"box":{"x":50,"y":528,"width":115,"height":7}},{"id":"75cfb79d-e259-466a-8f7b-25fdd9f650a3","block_type":"box","text":"(b)","page_number":21,"box":{"x":166,"y":526,"width":9,"height":6}},{"id":"2d2a98f2-658f-4d12-a7ef-930e1d077c14","block_type":"box","text":"............................................................","page_number":21,"box":{"x":179,"y":534,"width":298,"height":1}},{"id":"67516758-6778-490b-900a-7af4967396df","block_type":"box","text":"(3,801) (2,460,086) (774,911) (13,765,726) — (8,850) 737,502","page_number":21,"box":{"x":530,"y":528,"width":420,"height":9}},{"id":"a7b6d2d3-1e4f-4caa-a6ce-6c6546046468","block_type":"box","text":"Accrued discounts/premiums","page_number":21,"box":{"x":50,"y":541,"width":141,"height":9}},{"id":"1805a4f0-975e-4b7a-a95d-6c4530af2f6e","block_type":"box","text":".........................................................","page_number":21,"box":{"x":194,"y":547,"width":283,"height":1}},{"id":"98cdde4b-07d0-435f-8b9b-6471ba717964","block_type":"box","text":"— — 6,369 87,529 — — —","page_number":21,"box":{"x":550,"y":541,"width":401,"height":8}},{"id":"3f0f0cb1-a0ae-434f-9d2d-d9129dee1c8d","block_type":"box","text":"Net realized gain (loss)","page_number":21,"box":{"x":51,"y":553,"width":111,"height":10}},{"id":"fac2f2a0-de5b-4f46-8fab-dce1cbb72e76","block_type":"box","text":"...............................................................","page_number":21,"box":{"x":164,"y":560,"width":313,"height":1}},{"id":"312b844e-3c62-4e51-baef-cf969a6196f6","block_type":"box","text":"(1) — 107 300,865 — 1,396,298 —","page_number":21,"box":{"x":552,"y":553,"width":399,"height":10}},{"id":"3b80c8f6-a850-4052-a336-afff7494edc1","block_type":"box","text":"Net change in unrealized appreciation (depreciation)","page_number":21,"box":{"x":51,"y":566,"width":254,"height":10}},{"id":"45980a79-0bcc-4479-be5c-3c6b031a903d","block_type":"box","text":"(c)(d)","page_number":21,"box":{"x":306,"y":565,"width":19,"height":6}},{"id":"9ed61a06-25a2-43b3-a342-ced5c675425c","block_type":"box","text":"..............................","page_number":21,"box":{"x":330,"y":573,"width":147,"height":1}},{"id":"1939d4db-f80f-4f4c-9b86-6111724edc69","block_type":"box","text":"(109,410) — (233,271) (2,597,093) (103) (2,194,016) (230,614)","page_number":21,"box":{"x":518,"y":566,"width":436,"height":10}},{"id":"c602216d-f8bb-4d81-98f3-5cedf9533e8b","block_type":"box","text":"Purchases","page_number":21,"box":{"x":51,"y":579,"width":51,"height":8}},{"id":"83605d38-12b8-4ac8-8460-1ad080847eb0","block_type":"box","text":"...........................................................................","page_number":21,"box":{"x":103,"y":586,"width":374,"height":1}},{"id":"347e0ae2-29dd-4955-93fe-e98ffda69b44","block_type":"box","text":"207,229 — 5,114 31,449,751 — 65,625 —","page_number":21,"box":{"x":521,"y":579,"width":430,"height":9}},{"id":"ca7b1ca3-6006-44f7-9b31-d8785e0f8e8d","block_type":"box","text":"Sales","page_number":21,"box":{"x":50,"y":592,"width":27,"height":8}},{"id":"0cfb337e-2fac-45a8-b51b-a1b8e093201c","block_type":"box","text":"...............................................................................","page_number":21,"box":{"x":83,"y":598,"width":394,"height":2}},{"id":"22c4d40f-11ec-4afc-9219-3dba921aef5c","block_type":"box","text":"(596) — (53,189) (44,986,844) (1,747,000) (2,077,302) —","page_number":21,"box":{"x":540,"y":592,"width":411,"height":10}},{"id":"503b2dd1-1446-4d1a-874f-6ab691ee3d60","block_type":"box","text":"Closing balance, as of June 30, 2026","page_number":21,"box":{"x":50,"y":609,"width":181,"height":10}},{"id":"fc3dcc5d-c5e5-4c6f-ac56-5f995d1804bc","block_type":"box","text":".................................................","page_number":21,"box":{"x":234,"y":616,"width":243,"height":1}},{"id":"69518df2-5ffe-438f-af3b-12188808518f","block_type":"box","text":"$ 148,443 $ — $ 2,145,967 $ 235,854,793 $ — $ 3,041,309 $ (203,925)","page_number":21,"box":{"x":509,"y":609,"width":445,"height":10}},{"id":"eb36ba52-1b04-4bf1-a96c-391505d38cfb","block_type":"box","text":"Net change in unrealized appreciation (depreciation) on investments still held at","page_number":21,"box":{"x":51,"y":628,"width":387,"height":9}},{"id":"f49290aa-ad1e-4f02-b287-88718db6e6f0","block_type":"box","text":"June 30, 2026","page_number":21,"box":{"x":64,"y":641,"width":69,"height":8}},{"id":"1b3e9b4b-aed2-469b-bd72-308f7751a473","block_type":"box","text":"(d)","page_number":21,"box":{"x":134,"y":639,"width":9,"height":6}},{"id":"304a3927-fe2c-40a7-808c-610b11567ff6","block_type":"box","text":"..................................................................","page_number":21,"box":{"x":148,"y":647,"width":329,"height":1}},{"id":"84d6dcdb-fd22-4f30-89cb-4304db84f90e","block_type":"box","text":"$ (109,410)$ — $ (233,271)$ (5,158,699)$ (103)$ (2,194,016)$ (244,753)","page_number":21,"box":{"x":509,"y":640,"width":445,"height":10}},{"id":"4d1afe73-3d35-48ea-bbef-b66a6ed62606","block_type":"box","text":"Warrants Total","page_number":21,"box":{"x":838,"y":668,"width":113,"height":7}},{"id":"6c3d482b-2712-4063-9fa7-f4af3c5f6630","block_type":"box","text":"Assets","page_number":21,"box":{"x":50,"y":685,"width":36,"height":8}},{"id":"29369cb7-e9da-422a-ab39-1475b3cbbd56","block_type":"box","text":"Opening balance, as of December 31, 2025","page_number":21,"box":{"x":50,"y":698,"width":213,"height":9}},{"id":"785e0ea7-8d14-4649-83d8-f2e16f205b9c","block_type":"box","text":"..........................................................................................................","page_number":21,"box":{"x":265,"y":704,"width":530,"height":1}},{"id":"bf23ffd5-1a9a-4dd1-b9d4-4cceb5e3f3c1","block_type":"box","text":"$ 101,408 $ 255,641,040","page_number":21,"box":{"x":827,"y":697,"width":123,"height":10}},{"id":"9b7b5c73-33b8-4475-b8f8-68668d2790dd","block_type":"box","text":"Transfers into Level 3","page_number":21,"box":{"x":50,"y":711,"width":105,"height":7}},{"id":"ff13a0d2-f756-42e6-9b34-9880f838cba7","block_type":"box","text":"(a)","page_number":21,"box":{"x":156,"y":709,"width":9,"height":6}},{"id":"d2f15b63-e2e0-4c01-b9c7-64c5c6ffb811","block_type":"box","text":".............................................................................................................................","page_number":21,"box":{"x":169,"y":717,"width":626,"height":1}},{"id":"1a6ba96d-eb2b-4866-9dd1-b9e7837cbf97","block_type":"box","text":"— 22,433,379","page_number":21,"box":{"x":864,"y":711,"width":86,"height":9}},{"id":"89017fe8-04eb-409b-a96a-835e35edb865","block_type":"box","text":"Transfers out of Level 3","page_number":21,"box":{"x":50,"y":724,"width":115,"height":7}},{"id":"cedfd090-83d4-4880-a1db-51e3b590e39f","block_type":"box","text":"(b)","page_number":21,"box":{"x":166,"y":722,"width":9,"height":6}},{"id":"d9de4082-7458-41da-bf8e-75d38e7ce3bd","block_type":"box","text":"...........................................................................................................................","page_number":21,"box":{"x":179,"y":730,"width":616,"height":1}},{"id":"2400b00e-6818-44cd-aabc-e7b474b04777","block_type":"box","text":"— (16,275,872)","page_number":21,"box":{"x":864,"y":724,"width":90,"height":9}},{"id":"6f4c4f15-cd2b-4d25-81d5-6e1fc52df781","block_type":"box","text":"Accrued discounts/premiums","page_number":21,"box":{"x":50,"y":736,"width":141,"height":10}},{"id":"503e9bbe-d77b-4880-b7a1-780713c71e67","block_type":"box","text":"........................................................................................................................","page_number":21,"box":{"x":194,"y":743,"width":601,"height":1}},{"id":"031462b8-c131-41c6-a4b7-b2ba3c1bbe53","block_type":"box","text":"— 93,898","page_number":21,"box":{"x":864,"y":737,"width":86,"height":8}},{"id":"1c87e6fd-bbc5-4ba2-a6fa-6a971694d9cc","block_type":"box","text":"Net realized gain (loss)","page_number":21,"box":{"x":51,"y":749,"width":111,"height":10}},{"id":"33b6b9fd-c5b6-4aed-8ae0-f384bb7d6f57","block_type":"box","text":"..............................................................................................................................","page_number":21,"box":{"x":164,"y":756,"width":631,"height":1}},{"id":"67e307d3-d52d-49cb-b362-e7f027cc8ec3","block_type":"box","text":"— 1,697,269","page_number":21,"box":{"x":864,"y":749,"width":86,"height":9}},{"id":"c8901004-d63e-4ffb-9d46-21acb6ad5fa7","block_type":"box","text":"Net change in unrealized appreciation (depreciation)","page_number":21,"box":{"x":51,"y":762,"width":254,"height":10}},{"id":"cb6244ed-1d70-4bd5-b884-46311fcafaa7","block_type":"box","text":"(c)(d)","page_number":21,"box":{"x":306,"y":761,"width":19,"height":6}},{"id":"11fd31ea-6529-41c7-ad5e-22e76f71edbb","block_type":"box","text":".............................................................................................","page_number":21,"box":{"x":331,"y":769,"width":464,"height":1}},{"id":"23836adc-74b4-4fec-9fac-3587c6b4a62e","block_type":"box","text":"(3,555) (5,368,062)","page_number":21,"box":{"x":845,"y":762,"width":109,"height":10}},{"id":"51a241b6-e861-4761-815b-09b6b6a54d21","block_type":"box","text":"Purchases","page_number":21,"box":{"x":51,"y":775,"width":51,"height":8}},{"id":"a8ce1333-4e91-4ab7-b89d-bbb58d37f81a","block_type":"box","text":"...............................................................................................................................","page_number":21,"box":{"x":104,"y":781,"width":636,"height":2}},{"id":"72440375-706e-485d-aaa2-73a317eadbf6","block_type":"box","text":"...........","page_number":21,"box":{"x":744,"y":781,"width":51,"height":2}},{"id":"c87a6cbd-9871-4a93-819b-1c5be2fc404a","block_type":"box","text":"— 31,727,719","page_number":21,"box":{"x":864,"y":775,"width":86,"height":9}},{"id":"944e819b-c175-4711-87ac-27a1cb4283bf","block_type":"box","text":"Sales","page_number":21,"box":{"x":50,"y":788,"width":27,"height":8}},{"id":"ac605477-fe3d-478f-b6a5-9e9197b4c729","block_type":"box","text":"...............................................................................................................................","page_number":21,"box":{"x":83,"y":794,"width":637,"height":2}},{"id":"82a59ab8-a19d-4bf0-9e20-195e3c3cb12c","block_type":"box","text":"...............","page_number":21,"box":{"x":724,"y":794,"width":71,"height":2}},{"id":"130de5a5-bfda-4f9f-9ab9-f14db991ec49","block_type":"box","text":"— (48,864,931)","page_number":21,"box":{"x":864,"y":788,"width":90,"height":10}},{"id":"2dec9acf-85e6-47c8-a60c-02feb668e105","block_type":"box","text":"Closing balance, as of June 30, 2026","page_number":21,"box":{"x":50,"y":805,"width":181,"height":10}},{"id":"0da7449c-d47f-49bf-a279-bf745409365f","block_type":"box","text":"................................................................................................................","page_number":21,"box":{"x":235,"y":812,"width":560,"height":1}},{"id":"684c170c-e065-44b9-a471-59b926443732","block_type":"box","text":"$ 97,853 $ 241,084,440","page_number":21,"box":{"x":827,"y":805,"width":123,"height":9}},{"id":"bb2fe70a-021c-485f-a4e7-4e5afcdc0348","block_type":"box","text":"Net change in unrealized appreciation (depreciation) on investments still held at June 30, 2026","page_number":21,"box":{"x":51,"y":823,"width":459,"height":10}},{"id":"47677861-8548-4703-8284-d356044cec15","block_type":"box","text":"(d)","page_number":21,"box":{"x":511,"y":822,"width":9,"height":6}},{"id":"f9447544-237f-4a98-b3b8-204974bf3f17","block_type":"box","text":".......................................................","page_number":21,"box":{"x":522,"y":830,"width":273,"height":1}},{"id":"1bb70d31-4aaf-4cdc-8919-0cf6497186b3","block_type":"box","text":"$ (3,555)$ (7,943,807)","page_number":21,"box":{"x":827,"y":823,"width":127,"height":10}},{"id":"6c69244e-07c5-43b7-88c2-a40a5cb9f48c","block_type":"box","text":"(a)","page_number":21,"box":{"x":50,"y":852,"width":9,"height":6}},{"id":"e9bf07ed-4963-4f4d-8a2c-3974ca8653db","block_type":"box","text":"As of December 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of June 30, 2026, the Fund used significant","page_number":21,"box":{"x":67,"y":853,"width":769,"height":10}},{"id":"408780cb-b521-4796-b0c5-e15b185645ee","block_type":"box","text":"unobservable inputs in","page_number":21,"box":{"x":840,"y":853,"width":110,"height":10}},{"id":"e19a91f8-903e-4d29-8868-3aee240c464a","block_type":"box","text":"determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the fair","page_number":21,"box":{"x":67,"y":865,"width":735,"height":9}},{"id":"d8f0f2ca-833d-4d2d-aa70-e693180c0364","block_type":"box","text":"value hierarchy.","page_number":21,"box":{"x":805,"y":865,"width":76,"height":9}},{"id":"33f1727a-3afb-4efb-9d02-d71ea56e3094","block_type":"box","text":"(b)","page_number":21,"box":{"x":50,"y":876,"width":9,"height":6}},{"id":"51fbf1b0-7f5d-4ab6-ad27-c828f8f7279c","block_type":"box","text":"As of December 31, 2025, the Fund used significant unobservable inputs in determining the value of certain investments. As of June 30, 2026, the Fund us","page_number":21,"box":{"x":67,"y":878,"width":756,"height":9}},{"id":"a00ed9b3-9e75-4a6b-a473-1b13c4377f87","block_type":"box","text":"ed observable inputs in","page_number":21,"box":{"x":824,"y":878,"width":112,"height":9}},{"id":"5589b51f-8f22-4234-8131-809076dfa012","block_type":"box","text":"determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the fair","page_number":21,"box":{"x":67,"y":889,"width":735,"height":10}},{"id":"b9d9e8e7-bc0a-4655-907e-f65517a4dfae","block_type":"box","text":"value hierarchy.","page_number":21,"box":{"x":805,"y":889,"width":76,"height":10}},{"id":"aefdc7d6-1953-4e2b-9020-29e323b838b5","block_type":"box","text":"(c)","page_number":21,"box":{"x":50,"y":901,"width":9,"height":6}},{"id":"11c5c89e-dd29-4732-9501-cd974fc9f8be","block_type":"box","text":"Included in the related net change in unrealized appreciation (depreciation) in the Consolidated Statement of Operations.","page_number":21,"box":{"x":68,"y":902,"width":586,"height":10}},{"id":"2ea43b9a-6747-4fc8-8603-21635b3f73ef","block_type":"box","text":"(d)","page_number":21,"box":{"x":50,"y":914,"width":9,"height":6}},{"id":"757509af-4bc7-4bcd-9b7f-180cd6e50515","block_type":"box","text":"Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investme","page_number":21,"box":{"x":67,"y":915,"width":724,"height":10}},{"id":"f004c4ed-40fd-4489-8489-d8fa5726be4f","block_type":"box","text":"nts still held at June 30, 2026 is","page_number":21,"box":{"x":793,"y":915,"width":158,"height":9}},{"id":"8a89dd59-3bdd-4e00-b32a-de3e77c01cff","block_type":"box","text":"generally due to investments no longer held or categorized as Level 3 at period end.","page_number":21,"box":{"x":67,"y":927,"width":409,"height":9}},{"id":"27ec2a04-869c-4fe7-94f8-7d7d24198597","block_type":"box","text":"Consolidated Schedule of Investments","page_number":21,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"6a662939-219a-4473-a52a-9b4af6c8f026","block_type":"box","text":"(unaudited) (continued)","page_number":21,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"a100ea82-bdaa-4a7b-8dd6-a07166beebb9","block_type":"box","text":"June 30, 2026","page_number":21,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"375003f7-ebc4-42f1-b44c-faeed36a9e33","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":21,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"fd828a57-3fc2-452a-a887-f3180269c2d1","block_type":"box","text":"C","page_number":21,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"5ebf4edb-137d-48e5-87d3-b41297b0b050","block_type":"box","text":"ONSOLIDATED","page_number":21,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"651e376f-1e80-45ff-9207-fe88e734fe46","block_type":"box","text":"S","page_number":21,"box":{"x":147,"y":967,"width":6,"height":7}},{"id":"20fff7fd-b764-4fda-acfb-98dac3a59f65","block_type":"box","text":"CHEDULE OF","page_number":21,"box":{"x":158,"y":969,"width":86,"height":5}},{"id":"5494dd25-deee-4f66-b673-549f19e3b8f3","block_type":"box","text":"I","page_number":21,"box":{"x":256,"y":967,"width":1,"height":7}},{"id":"e57c99b9-3852-45ff-a103-97dcca6491f9","block_type":"box","text":"NVESTMENTS","page_number":21,"box":{"x":263,"y":969,"width":87,"height":5}},{"id":"84b24749-040a-4a15-a095-73cfb5dc883f","block_type":"box","text":"NM0826U-5876566-21/56","page_number":21,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"9b74c6f3-171f-4785-95e9-938e19dd3a07","block_type":"box","text":"21","page_number":21,"box":{"x":954,"y":965,"width":12,"height":9}},{"id":"d90a8fbf-1638-4e5f-8b03-0e3e7d024776","block_type":"box","text":"The following table summarizes the valuation approaches used and unobservable inputs utilized by the Valuation Committee to determine the value of c","page_number":22,"box":{"x":30,"y":85,"width":835,"height":11}},{"id":"728c3ceb-cf4f-4b3d-8153-bc6526e8e4c4","block_type":"box","text":"ertain of the Fund’s","page_number":22,"box":{"x":865,"y":85,"width":106,"height":8}},{"id":"bbe75195-3dc0-4237-93ad-9e2e0c4d28d5","block_type":"box","text":"Level 3 financial instruments as of period end. The table does not include Level 3 financial instruments with values based upon unadjusted third-part","page_number":22,"box":{"x":31,"y":99,"width":798,"height":11}},{"id":"a8afad96-8ea7-445e-9d66-7eb8f307ce9f","block_type":"box","text":"y pricing information in the","page_number":22,"box":{"x":829,"y":99,"width":142,"height":11}},{"id":"af432bfc-e593-4279-88f5-14ff4c3c50f6","block_type":"box","text":"amount of $17,287,296.","page_number":22,"box":{"x":30,"y":113,"width":130,"height":10}},{"id":"c2f945be-cca4-4e34-8887-1ea2f2d319fc","block_type":"box","text":"Value","page_number":22,"box":{"x":523,"y":189,"width":26,"height":8}},{"id":"4a46a547-d284-44c0-a6f2-957b7cd0035f","block_type":"box","text":"Valuation","page_number":22,"box":{"x":581,"y":176,"width":43,"height":8}},{"id":"abd31500-689c-4edf-98e0-0d7bcec3e8fd","block_type":"box","text":"Approach","page_number":22,"box":{"x":579,"y":189,"width":47,"height":10}},{"id":"eb5f1f00-cf82-472d-bdb2-341805f63da6","block_type":"box","text":"Unobservable","page_number":22,"box":{"x":658,"y":176,"width":67,"height":8}},{"id":"5330b63a-2f8c-47fb-acf9-e8abf696f195","block_type":"box","text":"Inputs","page_number":22,"box":{"x":657,"y":189,"width":30,"height":10}},{"id":"03157105-5df1-40f9-8a11-deb91d817d9a","block_type":"box","text":"Range of","page_number":22,"box":{"x":798,"y":151,"width":46,"height":9}},{"id":"2177f601-0af1-489e-8740-911ec7069c17","block_type":"box","text":"Unobservable","page_number":22,"box":{"x":776,"y":164,"width":66,"height":7}},{"id":"21d26915-e95d-4fce-b3d2-86321cfcf9b5","block_type":"box","text":"Inputs","page_number":22,"box":{"x":813,"y":176,"width":30,"height":10}},{"id":"b6909da3-6584-455c-9780-99bd2796c4d4","block_type":"box","text":"Utilized","page_number":22,"box":{"x":807,"y":189,"width":36,"height":8}},{"id":"84f8280e-f307-4a5d-9226-c1c0031358e7","block_type":"box","text":"(a)","page_number":22,"box":{"x":843,"y":188,"width":9,"height":6}},{"id":"15bd1252-cad5-4aae-a314-92f514c08423","block_type":"box","text":"Weighted","page_number":22,"box":{"x":896,"y":138,"width":45,"height":9}},{"id":"5a41a1af-5c35-4082-b63a-0959e2a20944","block_type":"box","text":"Average of","page_number":22,"box":{"x":887,"y":151,"width":55,"height":9}},{"id":"efb8c465-05d6-4978-b18e-e127a4e0e0ae","block_type":"box","text":"Unobservable","page_number":22,"box":{"x":874,"y":164,"width":66,"height":7}},{"id":"f92acf1a-e9f6-4b02-992a-b51e4ec14922","block_type":"box","text":"Inputs Based","page_number":22,"box":{"x":877,"y":176,"width":64,"height":10}},{"id":"1967c5eb-af0f-49a1-95e7-264dca146747","block_type":"box","text":"on Fair Value","page_number":22,"box":{"x":877,"y":189,"width":63,"height":8}},{"id":"88e48199-36a7-4f2e-bbc5-176bbc97476e","block_type":"box","text":"Assets","page_number":22,"box":{"x":50,"y":207,"width":35,"height":7}},{"id":"df4ee345-aaad-409a-b1e2-fe139435fbf9","block_type":"box","text":"Floating Rate Loan Interests","page_number":22,"box":{"x":51,"y":220,"width":137,"height":9}},{"id":"057c9b33-c16c-4f72-91bc-8f9d1f6deb44","block_type":"box","text":"......................................................","page_number":22,"box":{"x":190,"y":226,"width":268,"height":1}},{"id":"606d033a-c1f6-47ea-adc9-7fdd884a024f","block_type":"box","text":"$ 218,505,286 Income Discount Rate 8% - 27% 11%","page_number":22,"box":{"x":479,"y":219,"width":461,"height":9}},{"id":"3e5b9cfd-5cf4-4227-8962-5f20008e570e","block_type":"box","text":"Market Revenue Multiple 0.33x -3.00x 1.09x","page_number":22,"box":{"x":580,"y":233,"width":361,"height":9}},{"id":"40947e07-7994-4aa4-b4db-32db754fde31","block_type":"box","text":"EBITDA Multiple 5.25x - 14.00x 9.62x","page_number":22,"box":{"x":658,"y":245,"width":283,"height":10}},{"id":"2803d720-81b7-405c-a362-99ffb361e8a4","block_type":"box","text":"Common Stock","page_number":22,"box":{"x":50,"y":271,"width":75,"height":8}},{"id":"4dcac071-6b2a-4adc-835d-6fbc9b8f7236","block_type":"box","text":"..................................................................","page_number":22,"box":{"x":129,"y":277,"width":329,"height":2}},{"id":"8974b9b4-3636-4c1a-86b4-890b6a8dfe52","block_type":"box","text":"6,841 Market EBITDA Multiple 9.75x —","page_number":22,"box":{"x":522,"y":271,"width":419,"height":10}},{"id":"9aab37a0-c43c-4832-961c-7275102bc277","block_type":"box","text":"Fixed Rate Loan Interests","page_number":22,"box":{"x":51,"y":323,"width":125,"height":7}},{"id":"1acbc528-6c54-414f-b87c-9096f60a8c3b","block_type":"box","text":"........................................................","page_number":22,"box":{"x":179,"y":329,"width":279,"height":1}},{"id":"162206e2-2b37-4dc0-b0a9-ea3b3dbad8c6","block_type":"box","text":"2,145,967 Income Discount Rate 23% —","page_number":22,"box":{"x":500,"y":323,"width":441,"height":9}},{"id":"f22e8ac1-3414-4c97-8941-c5b6c1f4207d","block_type":"box","text":"Preferred Stocks","page_number":22,"box":{"x":51,"y":374,"width":81,"height":8}},{"id":"cfc7c885-043e-4349-8629-4094b21601f4","block_type":"box","text":".................................................................","page_number":22,"box":{"x":134,"y":381,"width":324,"height":1}},{"id":"acd4dd99-7ca6-45d8-9126-e03e3404d782","block_type":"box","text":"3,041,226 Income Discount Rate 18% —","page_number":22,"box":{"x":501,"y":374,"width":440,"height":9}},{"id":"3a2e7e17-c472-41f3-8d2e-74948e4cf9fc","block_type":"box","text":"Market Revenue Multiple 0.35x —","page_number":22,"box":{"x":580,"y":387,"width":361,"height":10}},{"id":"2ecacb1b-24cc-44cb-a979-93b154180ae4","block_type":"box","text":"Time to Exit 2.0 years —","page_number":22,"box":{"x":657,"y":400,"width":284,"height":10}},{"id":"18b6e497-feda-412d-9aa1-79334130d342","block_type":"box","text":"Volatility 40% —","page_number":22,"box":{"x":657,"y":413,"width":284,"height":10}},{"id":"9eb1312d-2ef4-4e48-9be2-fb86f6d4fab0","block_type":"box","text":"Warrants","page_number":22,"box":{"x":50,"y":452,"width":44,"height":7}},{"id":"f194f190-75ee-42b2-8c02-80d2753a942d","block_type":"box","text":"........................................................................","page_number":22,"box":{"x":99,"y":458,"width":359,"height":1}},{"id":"d41390dd-b9aa-46b6-8277-c6039ae674bb","block_type":"box","text":"97,824 Market Revenue Multiple 7.25x —","page_number":22,"box":{"x":516,"y":452,"width":425,"height":9}},{"id":"c426c383-1b08-468d-b3c8-2a2a73273e44","block_type":"box","text":"Time to Exit 1.0 - 2.0 years 1.9 years","page_number":22,"box":{"x":657,"y":465,"width":283,"height":9}},{"id":"e368e760-5ba2-46a9-a7bb-479d67f371d0","block_type":"box","text":"Volatility 45% - 60% 46%","page_number":22,"box":{"x":657,"y":477,"width":283,"height":10}},{"id":"7a606917-b83a-4cd5-aec0-527d6115bc3d","block_type":"box","text":"EBITDA 4.25x —","page_number":22,"box":{"x":658,"y":490,"width":283,"height":8}},{"id":"f3f6476f-5f56-4dd9-a99c-cbfbb1aa64c6","block_type":"box","text":"$ 223,797,144","page_number":22,"box":{"x":479,"y":520,"width":70,"height":10}},{"id":"9de09f5f-0267-4b1d-8865-96406d842a9f","block_type":"box","text":"(a)","page_number":22,"box":{"x":50,"y":549,"width":9,"height":6}},{"id":"9bd5b97a-7be2-43e7-80a1-a822b1f66deb","block_type":"box","text":"A significant change in unobservable input could result in a correlated or inverse change in value.","page_number":22,"box":{"x":67,"y":550,"width":472,"height":10}},{"id":"bf302c82-c899-4647-938b-532249c870f5","block_type":"box","text":"See notes to consolidated financial statements.","page_number":22,"box":{"x":31,"y":571,"width":257,"height":8}},{"id":"44762244-a429-4d1e-8213-914dac767144","block_type":"box","text":"Consolidated Schedule of Investments","page_number":22,"box":{"x":31,"y":28,"width":327,"height":13}},{"id":"947317e7-0367-4e93-9c02-7dbad0be6a22","block_type":"box","text":"(unaudited) (continued)","page_number":22,"box":{"x":365,"y":32,"width":128,"height":11}},{"id":"bd8faa0f-541f-43b1-abc6-ed12aaf1c7d3","block_type":"box","text":"June 30, 2026","page_number":22,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"ff5bab79-9320-488f-afa2-7e51f8bc49f4","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":22,"box":{"x":717,"y":31,"width":251,"height":12}},{"id":"15e30021-08ac-4789-b08f-cb46f96bdccc","block_type":"box","text":"22","page_number":22,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"0669686e-de9f-412b-bc8c-ef1df7cacfed","block_type":"box","text":"2026","page_number":22,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"bef3c04a-1383-418e-9984-ad4d55db0854","block_type":"box","text":"B","page_number":22,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"c719ba13-7518-4bc8-92b0-8994169c873a","block_type":"box","text":"LACK","page_number":22,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"77ae83db-8b1d-4f21-b12e-0d79b7cb673a","block_type":"box","text":"R","page_number":22,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"691778cf-0797-40f7-872a-7243486f1e35","block_type":"box","text":"OCK","page_number":22,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"a21bdbc2-4df3-44c7-826e-11504bd6ec0c","block_type":"box","text":"S","page_number":22,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"7e6ad7eb-43e5-4ed6-b3b6-e61d5172c8d5","block_type":"box","text":"EMI","page_number":22,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"43149722-a5e3-442c-a54a-ab62605f06de","block_type":"box","text":"-A","page_number":22,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"bfec19bf-ffbd-47d3-9f14-7ff04e5668ed","block_type":"box","text":"NNUAL","page_number":22,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"3605fcdc-7a49-4cab-803c-684f2f5f7b76","block_type":"box","text":"NM0826U-5876566-22/56 R EPORT TO S HARE","page_number":22,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"5f4f4842-553e-46b6-92ee-b5c5f0d358eb","block_type":"box","text":"NM\r\nR","page_number":22,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"412c4890-f2e6-4748-a4a9-5f93e8a1ea6b","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":22,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"a6bb7d3d-867d-4f9f-905d-1cc8dd84143f","block_type":"box","text":"66\r\nS","page_number":22,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"ffd404d0-2304-467c-b07a-3964cfd9d6a3","block_type":"box","text":"-22/56 \r\nHAREHOLDERS","page_number":22,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"a46c5ae5-a3b2-47c9-bb68-0419a5b9cf2f","block_type":"box","text":"BlackRock HPS Credit","page_number":23,"box":{"x":873,"y":86,"width":96,"height":7}},{"id":"73fe463b-55ff-4dcb-85b3-a0c8ac8b6625","block_type":"box","text":"Strategies Fund","page_number":23,"box":{"x":901,"y":98,"width":67,"height":8}},{"id":"a699f665-d5d7-427c-8711-91a365c55e5b","block_type":"box","text":"ASSETS","page_number":23,"box":{"x":30,"y":129,"width":49,"height":9}},{"id":"9ede178c-97ca-4af1-ac54-949c300fe8ca","block_type":"box","text":"Investments, at value — unaffiliated","page_number":23,"box":{"x":31,"y":143,"width":172,"height":9}},{"id":"c80ea835-8cd6-4d7a-b739-aa8374f0d000","block_type":"box","text":"(a)","page_number":23,"box":{"x":205,"y":142,"width":9,"height":6}},{"id":"77d75eb7-f0af-4c7e-8bf2-02311b370e51","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":219,"y":149,"width":636,"height":2}},{"id":"ba460a6f-4574-458b-99e2-5bcbe5364655","block_type":"box","text":"$ 559,239,058","page_number":23,"box":{"x":899,"y":143,"width":69,"height":9}},{"id":"1788ea92-d5ad-4c63-af2e-e47da66e4533","block_type":"box","text":"Investments, at value — affiliated","page_number":23,"box":{"x":31,"y":156,"width":160,"height":9}},{"id":"5c0b905d-92b0-449e-ba1c-7a9a1ea6a11d","block_type":"box","text":"(b)","page_number":23,"box":{"x":192,"y":155,"width":10,"height":6}},{"id":"78857440-376e-4c23-93ee-46af68a43012","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":204,"y":162,"width":636,"height":2}},{"id":"8bb6673b-971e-42c1-87fd-a54c2c8ff690","block_type":"box","text":"...","page_number":23,"box":{"x":844,"y":162,"width":11,"height":2}},{"id":"57fc03ef-0137-4026-9dec-ff3775fd93be","block_type":"box","text":"8,752,914","page_number":23,"box":{"x":920,"y":156,"width":48,"height":9}},{"id":"ea7334ef-75cb-4056-9d64-883661f0e154","block_type":"box","text":"Cash","page_number":23,"box":{"x":30,"y":169,"width":25,"height":8}},{"id":"481d6658-cf17-4714-b124-8760926e005f","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":57,"y":175,"width":636,"height":1}},{"id":"5a1799d9-cbab-488e-9b0d-f1ad31f3ba5d","block_type":"box","text":"................................","page_number":23,"box":{"x":697,"y":175,"width":158,"height":1}},{"id":"c90c301d-e52b-4626-ab2d-628f72dee907","block_type":"box","text":"61,464","page_number":23,"box":{"x":935,"y":169,"width":33,"height":9}},{"id":"001340c5-dc58-403a-b48e-4bd6331d94cb","block_type":"box","text":"Foreign currency, at value","page_number":23,"box":{"x":31,"y":182,"width":125,"height":9}},{"id":"f0a3215f-2cca-4b45-bbc9-dea5ef124f57","block_type":"box","text":"(c)","page_number":23,"box":{"x":157,"y":180,"width":8,"height":6}},{"id":"0d0eaad5-b730-4bbc-9763-f8d01d8b11cc","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":168,"y":188,"width":636,"height":1}},{"id":"d9b58e0a-536b-4fc8-bba5-b56228b5a643","block_type":"box","text":"..........","page_number":23,"box":{"x":808,"y":188,"width":47,"height":1}},{"id":"5b8f12b5-1f29-4d13-903d-ffc022fd29c3","block_type":"box","text":"45,669","page_number":23,"box":{"x":935,"y":182,"width":33,"height":9}},{"id":"d73c7ad1-2888-4073-97de-57d849e05567","block_type":"box","text":"Receivables:","page_number":23,"box":{"x":31,"y":195,"width":61,"height":7}},{"id":"580b5295-4f22-4cdc-8e7b-9328866c5ff3","block_type":"box","text":"Investments sold","page_number":23,"box":{"x":44,"y":208,"width":81,"height":7}},{"id":"1f74c95f-583a-4461-ab93-cdaf52c3a0e7","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":128,"y":214,"width":636,"height":1}},{"id":"ab1a4fe3-b87e-4e89-a258-9c8fd6053776","block_type":"box","text":"..................","page_number":23,"box":{"x":768,"y":214,"width":87,"height":1}},{"id":"26d7d4ea-8182-4073-bff0-f4201b6dfa02","block_type":"box","text":"5,414,054","page_number":23,"box":{"x":920,"y":208,"width":48,"height":9}},{"id":"023eb9f6-2f49-4b33-a850-cb908c6ab5c5","block_type":"box","text":"Capital shares sold","page_number":23,"box":{"x":44,"y":220,"width":92,"height":10}},{"id":"7dff9eba-a530-44e2-ab4f-b514435f5e3f","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":138,"y":227,"width":636,"height":1}},{"id":"c9ec5ceb-013a-4c1c-bfa0-71820be8b3e4","block_type":"box","text":"................","page_number":23,"box":{"x":778,"y":227,"width":77,"height":1}},{"id":"ee2465d8-df6e-43aa-8111-8b3bd631f890","block_type":"box","text":"1,012,226","page_number":23,"box":{"x":921,"y":221,"width":47,"height":8}},{"id":"c812c60d-3ad5-4be8-9acc-2966f1cb645d","block_type":"box","text":"Dividends — unaffiliated","page_number":23,"box":{"x":44,"y":233,"width":117,"height":8}},{"id":"39cf83b0-8093-4d15-bef8-3cdd8aa94568","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":163,"y":240,"width":636,"height":1}},{"id":"d453408a-3efb-4f99-bd01-b934674cc0f9","block_type":"box","text":"...........","page_number":23,"box":{"x":803,"y":240,"width":52,"height":1}},{"id":"1db75c89-c935-42f7-8f5c-918e07f2d6fa","block_type":"box","text":"2,588","page_number":23,"box":{"x":941,"y":233,"width":27,"height":9}},{"id":"8acd702f-ae65-4074-84aa-3f8c734ae8ed","block_type":"box","text":"Dividends — affiliated","page_number":23,"box":{"x":44,"y":246,"width":105,"height":8}},{"id":"ee459c40-9adf-4b63-98fa-9545589ca673","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":153,"y":253,"width":636,"height":1}},{"id":"46918ecb-63c6-4a39-9b7b-8e566d61986d","block_type":"box","text":".............","page_number":23,"box":{"x":793,"y":253,"width":62,"height":1}},{"id":"a84d2f68-0abc-452d-9729-8998d2b69643","block_type":"box","text":"18,136","page_number":23,"box":{"x":936,"y":246,"width":32,"height":9}},{"id":"b0141815-d4fd-4e65-acb4-f379746bf9f3","block_type":"box","text":"Interest — unaffiliated","page_number":23,"box":{"x":44,"y":259,"width":105,"height":8}},{"id":"c73d67b5-ca37-4f38-b93c-8946d5174b69","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":153,"y":266,"width":636,"height":1}},{"id":"dc29fc8a-3998-47a5-8dd4-602ef9a0d58d","block_type":"box","text":".............","page_number":23,"box":{"x":793,"y":266,"width":62,"height":1}},{"id":"8245c848-0250-4f0e-b1f4-553bbafa49fd","block_type":"box","text":"5,823,609","page_number":23,"box":{"x":920,"y":259,"width":48,"height":9}},{"id":"2ac91edc-92bf-4315-a8cc-241802ab1ea9","block_type":"box","text":"Unrealized appreciation on unfunded floating rate loan interests","page_number":23,"box":{"x":31,"y":272,"width":308,"height":10}},{"id":"c4ca8688-74c7-44e6-be7c-70c0d17c648a","block_type":"box","text":"......................................................................................................","page_number":23,"box":{"x":345,"y":278,"width":510,"height":2}},{"id":"201cd198-3f1c-4ae0-b84a-56301317ca88","block_type":"box","text":"64,423","page_number":23,"box":{"x":935,"y":272,"width":33,"height":9}},{"id":"dad9b869-2db9-4e4f-a0b6-52c2b53c9988","block_type":"box","text":"Prepaid expenses","page_number":23,"box":{"x":31,"y":285,"width":87,"height":9}},{"id":"b2368895-9d92-4fe7-a664-1658eda3123a","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":123,"y":291,"width":636,"height":1}},{"id":"4e7ce960-5536-4a9f-af7b-0175659e571c","block_type":"box","text":"...................","page_number":23,"box":{"x":763,"y":291,"width":92,"height":1}},{"id":"f20e9923-d0e4-402e-a421-3d4b53fc9184","block_type":"box","text":"106,433","page_number":23,"box":{"x":930,"y":285,"width":38,"height":9}},{"id":"5efa00d7-c84d-45f4-8833-aa2dde1453ba","block_type":"box","text":"Total assets","page_number":23,"box":{"x":30,"y":302,"width":58,"height":7}},{"id":"8a2ad6d3-f5b7-4c6a-bdf8-80fbdf3e444a","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":93,"y":308,"width":636,"height":1}},{"id":"b3015327-9e2d-409e-836d-2c84f4db0002","block_type":"box","text":".........................","page_number":23,"box":{"x":733,"y":308,"width":122,"height":1}},{"id":"09458b67-40f4-4644-a2ca-167d9203de3e","block_type":"box","text":"580,540,574","page_number":23,"box":{"x":908,"y":302,"width":60,"height":9}},{"id":"0d9bcba6-50f8-4753-bea1-2ffb696ab817","block_type":"box","text":"LIABILITIES","page_number":23,"box":{"x":31,"y":334,"width":69,"height":9}},{"id":"c178c5d1-971f-405f-b5e9-14bb5ab56c1d","block_type":"box","text":"Payables:","page_number":23,"box":{"x":31,"y":348,"width":46,"height":10}},{"id":"e9376220-b9bf-42d9-8cae-847cdd99282e","block_type":"box","text":"Investments purchased","page_number":23,"box":{"x":44,"y":361,"width":112,"height":10}},{"id":"5d8e9714-11a6-4d33-b477-d0b786e49aa6","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":158,"y":367,"width":636,"height":2}},{"id":"e98ff57b-781f-4c81-aaa3-89ac9e74a38f","block_type":"box","text":"............","page_number":23,"box":{"x":798,"y":367,"width":57,"height":2}},{"id":"546f397d-55ba-41b8-9a2b-5620a18086db","block_type":"box","text":"9,291,425","page_number":23,"box":{"x":920,"y":361,"width":48,"height":9}},{"id":"bee94cc6-f13c-4514-af5d-9123a46b0fba","block_type":"box","text":"Accounting services fees","page_number":23,"box":{"x":43,"y":374,"width":122,"height":10}},{"id":"6ddf4b1c-f7e3-40dd-966f-152028cf2703","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":168,"y":380,"width":636,"height":1}},{"id":"415b5801-8e5b-4fbd-bd21-3ccaa6af2ace","block_type":"box","text":"..........","page_number":23,"box":{"x":808,"y":380,"width":47,"height":1}},{"id":"9eb58b90-3263-43c0-ad21-c246a38bb42a","block_type":"box","text":"25,048","page_number":23,"box":{"x":935,"y":374,"width":33,"height":9}},{"id":"4726b0b6-bed8-4e1d-ada8-9ae3d7999612","block_type":"box","text":"Bank borrowings","page_number":23,"box":{"x":44,"y":387,"width":81,"height":9}},{"id":"32e7ee8a-ae27-47ad-bd98-7ce8ba43677c","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":128,"y":393,"width":636,"height":1}},{"id":"8cdfa74d-6a8e-4617-a5bc-7b1269467a48","block_type":"box","text":"..................","page_number":23,"box":{"x":768,"y":393,"width":87,"height":1}},{"id":"b6ff833d-2dbd-4487-9849-22b9bfede479","block_type":"box","text":"48,000,000","page_number":23,"box":{"x":914,"y":387,"width":54,"height":9}},{"id":"8b496c73-5d22-43cf-8b6a-5b9e626c3fb1","block_type":"box","text":"Capital shares redeemed","page_number":23,"box":{"x":44,"y":400,"width":121,"height":9}},{"id":"50da0767-cfa1-486e-b23b-5b99f2233290","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":168,"y":406,"width":636,"height":1}},{"id":"5e694a0d-ef86-4590-b508-5ba2de65a912","block_type":"box","text":"..........","page_number":23,"box":{"x":808,"y":406,"width":47,"height":1}},{"id":"f18792b5-e823-41f8-ab02-d6d7d5d69487","block_type":"box","text":"125,000","page_number":23,"box":{"x":930,"y":400,"width":38,"height":9}},{"id":"d2b11a64-bd9a-4078-be89-3e28ad06669e","block_type":"box","text":"Custodian fees","page_number":23,"box":{"x":44,"y":413,"width":72,"height":7}},{"id":"3bc850c3-dd33-4115-a866-38f302a18d02","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":118,"y":419,"width":636,"height":1}},{"id":"7dfbd9e3-72fd-43bb-9b14-0b063c4675b4","block_type":"box","text":"....................","page_number":23,"box":{"x":758,"y":419,"width":97,"height":1}},{"id":"55b7d0da-ac05-48b7-926f-4f37e0fbad5f","block_type":"box","text":"63,792","page_number":23,"box":{"x":935,"y":413,"width":33,"height":9}},{"id":"0a2b2d6c-b9f3-4cbc-92b2-0c36b7c82142","block_type":"box","text":"Deferred foreign capital gain tax","page_number":23,"box":{"x":44,"y":425,"width":155,"height":10}},{"id":"f6c07752-a9a6-44a7-a665-4934a82be4cd","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":204,"y":432,"width":636,"height":1}},{"id":"7cd815de-3e35-47ae-b995-ca1562d77df7","block_type":"box","text":"...","page_number":23,"box":{"x":844,"y":432,"width":11,"height":1}},{"id":"d5e4554c-914f-4dd3-a243-d7300ff8c2b3","block_type":"box","text":"18,166","page_number":23,"box":{"x":936,"y":426,"width":32,"height":8}},{"id":"d7ad1e2c-2ae1-42fe-9873-42a01dff38b4","block_type":"box","text":"Income dividend distributions","page_number":23,"box":{"x":44,"y":438,"width":141,"height":8}},{"id":"72b55a58-003a-4185-ae51-45969a9e3e51","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":188,"y":445,"width":637,"height":1}},{"id":"32df0730-6afb-4fa7-a71b-ac1215f97724","block_type":"box","text":"......","page_number":23,"box":{"x":829,"y":445,"width":26,"height":1}},{"id":"001192c9-71de-428d-a8dd-6d9cd41ae57c","block_type":"box","text":"3,119,965","page_number":23,"box":{"x":921,"y":438,"width":47,"height":9}},{"id":"a2c03288-264a-42b9-9d70-a5d19f576341","block_type":"box","text":"Interest expense and fees","page_number":23,"box":{"x":44,"y":451,"width":126,"height":10}},{"id":"41bb389c-4dfe-4ed7-a69a-595516cf7909","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":173,"y":458,"width":636,"height":1}},{"id":"6cbe42b1-47f8-40ce-895f-302f736774a7","block_type":"box","text":".........","page_number":23,"box":{"x":813,"y":458,"width":42,"height":1}},{"id":"9d1df4e9-1811-45a4-913c-7a6ac7ccf62d","block_type":"box","text":"228,332","page_number":23,"box":{"x":929,"y":451,"width":39,"height":9}},{"id":"07e53c5e-1efa-4c46-ac04-14213ae783ad","block_type":"box","text":"Offering costs","page_number":23,"box":{"x":44,"y":464,"width":67,"height":10}},{"id":"397a660e-1e5b-4c00-aaea-38ed063e58f2","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":113,"y":470,"width":636,"height":2}},{"id":"f705bf53-c310-4861-a6d3-e6a6fe0a2c4b","block_type":"box","text":".....................","page_number":23,"box":{"x":753,"y":470,"width":102,"height":2}},{"id":"34e824fc-cfe6-4618-b46c-0b102343cdef","block_type":"box","text":"59,883","page_number":23,"box":{"x":935,"y":464,"width":33,"height":9}},{"id":"3c08b55d-f510-419a-a303-a6792c177ef9","block_type":"box","text":"Trustees’ and Officer’s fees","page_number":23,"box":{"x":43,"y":477,"width":133,"height":8}},{"id":"b15c06a3-08e7-453f-ab4b-07cad9f4a423","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":178,"y":483,"width":637,"height":2}},{"id":"c1ce5a84-c834-489f-8049-1abf923a3ed5","block_type":"box","text":"........","page_number":23,"box":{"x":818,"y":483,"width":37,"height":2}},{"id":"f8416d4e-f4e7-43d2-ae2a-f8c8851be16d","block_type":"box","text":"41,865","page_number":23,"box":{"x":935,"y":477,"width":33,"height":9}},{"id":"6d01fcd9-f6e3-4d7e-9114-144b1fe6cb7f","block_type":"box","text":"Recoupment of past waived fees","page_number":23,"box":{"x":44,"y":490,"width":159,"height":9}},{"id":"d759329b-1475-40fe-a3df-714642e9de8e","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":209,"y":496,"width":636,"height":1}},{"id":"84e1ddd6-8d78-4349-91ec-4d577a819754","block_type":"box","text":"..","page_number":23,"box":{"x":849,"y":496,"width":6,"height":1}},{"id":"177ad21d-f59a-43f5-bb04-42fa3927190f","block_type":"box","text":"63,287","page_number":23,"box":{"x":935,"y":490,"width":33,"height":9}},{"id":"58346ae7-838a-4e4b-b0e3-efc257add17a","block_type":"box","text":"Other accrued expenses","page_number":23,"box":{"x":44,"y":503,"width":119,"height":9}},{"id":"76fee6cb-adb6-40b2-b9a4-b1ce231d93ed","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":168,"y":509,"width":636,"height":1}},{"id":"96808b7d-4924-407d-9125-7cb485e39801","block_type":"box","text":"..........","page_number":23,"box":{"x":808,"y":509,"width":47,"height":1}},{"id":"52e52e4e-4f8b-4210-bd3e-4a3de4a1e8d7","block_type":"box","text":"40,735","page_number":23,"box":{"x":935,"y":503,"width":33,"height":9}},{"id":"c6d44e8b-5d5e-4120-af81-ab4881223986","block_type":"box","text":"Professional fees","page_number":23,"box":{"x":44,"y":516,"width":83,"height":7}},{"id":"b71bba49-5ea5-4045-9e73-e34c9880a066","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":133,"y":522,"width":636,"height":1}},{"id":"d0345e3c-ed8c-48ab-a9e9-f731b616490d","block_type":"box","text":".................","page_number":23,"box":{"x":773,"y":522,"width":82,"height":1}},{"id":"9c624728-ce1e-4b2d-bdea-a699137938aa","block_type":"box","text":"92,386","page_number":23,"box":{"x":935,"y":516,"width":33,"height":9}},{"id":"98003411-2f26-4d3b-8fad-5d43d887ac74","block_type":"box","text":"Service and distribution fees","page_number":23,"box":{"x":44,"y":529,"width":137,"height":7}},{"id":"9d2de7d2-cebc-4af2-a8ce-d33fa12b25a6","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":183,"y":535,"width":637,"height":1}},{"id":"0f759823-b483-4167-b7da-dc74c2d8a728","block_type":"box","text":".......","page_number":23,"box":{"x":824,"y":535,"width":31,"height":1}},{"id":"de609f8a-4ac9-4d1b-b715-c30905eb4e11","block_type":"box","text":"69,523","page_number":23,"box":{"x":935,"y":529,"width":33,"height":9}},{"id":"971f2e0f-41f3-4003-9669-22fbeec8fbae","block_type":"box","text":"Transfer agent fees","page_number":23,"box":{"x":43,"y":541,"width":95,"height":10}},{"id":"d2fd4860-dc75-4647-b8b4-9c188ad87282","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":143,"y":548,"width":636,"height":1}},{"id":"d5bb3b8b-c3f0-4a8d-974c-d4cc5976e71a","block_type":"box","text":"...............","page_number":23,"box":{"x":783,"y":548,"width":72,"height":1}},{"id":"9ea1d4e7-3a48-4208-835c-fa16f5f7ad65","block_type":"box","text":"92,650","page_number":23,"box":{"x":935,"y":542,"width":33,"height":8}},{"id":"9a036888-ed11-496c-87ca-1b70928d55e2","block_type":"box","text":"Unrealized depreciation on unfunded floating rate loan interests","page_number":23,"box":{"x":31,"y":554,"width":308,"height":10}},{"id":"814f011a-38bb-44c4-a4d9-d4fccd2cffab","block_type":"box","text":"......................................................................................................","page_number":23,"box":{"x":345,"y":561,"width":510,"height":1}},{"id":"92a3cdde-98cb-4473-8132-e72850cd3f5c","block_type":"box","text":"552,087","page_number":23,"box":{"x":929,"y":554,"width":39,"height":9}},{"id":"0337806b-d61b-4e3d-a2df-0fed1806a933","block_type":"box","text":"Total liabilities","page_number":23,"box":{"x":30,"y":571,"width":67,"height":8}},{"id":"b0e62ebd-b00b-4bbb-bb2e-b5669ea81c27","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":103,"y":577,"width":636,"height":2}},{"id":"99c7b397-34c6-40fe-bc5c-3d87366ccc5f","block_type":"box","text":".......................","page_number":23,"box":{"x":743,"y":577,"width":112,"height":2}},{"id":"e0505cd0-966d-4869-8967-ae80cf62e5e7","block_type":"box","text":"61,884,144","page_number":23,"box":{"x":914,"y":571,"width":54,"height":9}},{"id":"800615c2-457e-4dcf-b375-3752dd02e6dd","block_type":"box","text":"Commitments and contingent liabilities","page_number":23,"box":{"x":30,"y":588,"width":205,"height":10}},{"id":"2933f3ca-f1d9-4ea5-b098-8500603b46c5","block_type":"box","text":"NET ASSETS","page_number":23,"box":{"x":31,"y":620,"width":66,"height":8}},{"id":"7a425e0f-764f-4713-bf96-255b56b26fb7","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":103,"y":626,"width":636,"height":2}},{"id":"ed240b22-a53b-43ff-8f97-b42d1c1c5411","block_type":"box","text":".......................","page_number":23,"box":{"x":743,"y":626,"width":112,"height":2}},{"id":"ad835da8-a45d-4765-a305-5293474a8a33","block_type":"box","text":"$ 518,656,430","page_number":23,"box":{"x":899,"y":620,"width":69,"height":9}},{"id":"12f11a9d-37fa-4126-9ea3-8bafd520c05e","block_type":"box","text":"NET ASSETS CONSIST OF","page_number":23,"box":{"x":31,"y":654,"width":153,"height":9}},{"id":"f21e5ce5-5534-42cb-a656-31feab0823b6","block_type":"box","text":"Paid-in capital","page_number":23,"box":{"x":31,"y":668,"width":67,"height":9}},{"id":"9a47dda3-9542-425b-83d3-0fac0d61be4c","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":103,"y":674,"width":636,"height":1}},{"id":"7a793ea9-1794-4250-a752-2671d436bbd7","block_type":"box","text":".......................","page_number":23,"box":{"x":743,"y":674,"width":112,"height":1}},{"id":"fdf6f52b-86ab-4b6d-bb39-f5c76c65d141","block_type":"box","text":"$ 634,424,362","page_number":23,"box":{"x":899,"y":667,"width":69,"height":10}},{"id":"b1a84212-5b8d-4468-80df-117d1d3513a5","block_type":"box","text":"Accumulated loss","page_number":23,"box":{"x":30,"y":681,"width":86,"height":7}},{"id":"9d183f84-ea3b-4199-b2be-1fd84f7f2512","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":118,"y":687,"width":636,"height":1}},{"id":"5c51c2d2-fda0-42fd-b299-df65c146e6ee","block_type":"box","text":"....................","page_number":23,"box":{"x":758,"y":687,"width":97,"height":1}},{"id":"e77e29d7-56fa-43b7-807a-f73a41c1e07e","block_type":"box","text":"(115,767,932)","page_number":23,"box":{"x":905,"y":681,"width":67,"height":9}},{"id":"3e916e65-ff3d-421a-87f5-f1cac9c9893d","block_type":"box","text":"NET ASSETS","page_number":23,"box":{"x":31,"y":697,"width":66,"height":8}},{"id":"fe1009e2-573b-4077-b83a-656c797580f2","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":103,"y":704,"width":636,"height":1}},{"id":"7b2b6c0d-0183-4965-97a1-645934474757","block_type":"box","text":".......................","page_number":23,"box":{"x":743,"y":704,"width":112,"height":1}},{"id":"2e276db0-9bb2-4a7f-bc28-7d8690f8b373","block_type":"box","text":"$ 518,656,430","page_number":23,"box":{"x":899,"y":697,"width":69,"height":9}},{"id":"08aec5b2-633f-48e7-90ab-2b11019b23dd","block_type":"box","text":"(a)","page_number":23,"box":{"x":30,"y":722,"width":9,"height":6}},{"id":"ad7aae4b-b758-4f9e-8ffe-fd36777a74f9","block_type":"box","text":"Investments, at cost — unaffiliated","page_number":23,"box":{"x":49,"y":723,"width":167,"height":9}},{"id":"94e908e4-cbaf-4d37-9cb3-be3671974c87","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":219,"y":730,"width":636,"height":1}},{"id":"84cfb47f-a90f-4b9f-b22b-7b086ac73cbb","block_type":"box","text":"$ 588,450,474","page_number":23,"box":{"x":899,"y":723,"width":69,"height":9}},{"id":"879ec2a2-99c0-4cb6-9cdb-6b5103bb474c","block_type":"box","text":"(b)","page_number":23,"box":{"x":30,"y":735,"width":9,"height":6}},{"id":"18bf40c7-aae6-4bcb-a9fd-21a6351c7670","block_type":"box","text":"Investments, at cost — affiliated","page_number":23,"box":{"x":49,"y":736,"width":155,"height":9}},{"id":"2d8d68aa-8b07-4148-ba34-36f4cf56e813","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":209,"y":742,"width":636,"height":2}},{"id":"a3e1f04d-f6e0-4132-84d4-13acf48a03db","block_type":"box","text":"..","page_number":23,"box":{"x":849,"y":742,"width":6,"height":2}},{"id":"9f3606db-9bb8-4a55-9e86-a34105cfcdf5","block_type":"box","text":"$ 8,776,531","page_number":23,"box":{"x":899,"y":736,"width":68,"height":9}},{"id":"e5c064e9-29a7-49b5-a3ef-97b671f9df7a","block_type":"box","text":"(c)","page_number":23,"box":{"x":30,"y":748,"width":9,"height":6}},{"id":"32c85061-b1fa-4706-98e2-140aa97e670a","block_type":"box","text":"Foreign currency, at cost","page_number":23,"box":{"x":49,"y":749,"width":120,"height":10}},{"id":"682069ed-8201-4f5b-97fc-5cf5eb900750","block_type":"box","text":"...............................................................................................................................","page_number":23,"box":{"x":173,"y":755,"width":636,"height":2}},{"id":"a0ec0178-5cf4-421d-8a04-568d75c29c0b","block_type":"box","text":".........","page_number":23,"box":{"x":813,"y":755,"width":42,"height":2}},{"id":"46ee862a-7077-4674-996a-7b391f945344","block_type":"box","text":"$ 45,884","page_number":23,"box":{"x":899,"y":748,"width":69,"height":10}},{"id":"9f6678d3-fe41-402e-b0fc-b2d41d71b9b2","block_type":"box","text":"Consolidated Statement of Assets and Liabilities","page_number":23,"box":{"x":31,"y":28,"width":410,"height":13}},{"id":"b4905bca-cafa-4d22-af13-ca90a0e40cb0","block_type":"box","text":"(unaudited)","page_number":23,"box":{"x":448,"y":32,"width":61,"height":11}},{"id":"8c9c6558-9a01-4e80-a22a-432c32984755","block_type":"box","text":"June 30, 2026","page_number":23,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"893d5a70-470b-4415-b99b-2d86954dc5a9","block_type":"box","text":"C","page_number":23,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"9a108a8d-0040-4e57-9caf-7d33e6782933","block_type":"box","text":"ONSOLIDATED","page_number":23,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"ad911629-b676-43bd-8b2d-4894cf984312","block_type":"box","text":"F","page_number":23,"box":{"x":148,"y":967,"width":5,"height":7}},{"id":"f36bde6e-e9e7-48d2-b6bc-54dc13124d30","block_type":"box","text":"INANCIAL","page_number":23,"box":{"x":158,"y":969,"width":62,"height":5}},{"id":"f60d1375-58f1-4df9-858b-f85cf5988fe6","block_type":"box","text":"S","page_number":23,"box":{"x":232,"y":967,"width":6,"height":7}},{"id":"4a780e48-19df-4051-a15c-1d6598e96584","block_type":"box","text":"TATEMENTS","page_number":23,"box":{"x":243,"y":969,"width":76,"height":5}},{"id":"58bb5653-0317-4853-8225-b624637a6cd3","block_type":"box","text":"NM0826U-5876566-23/56","page_number":23,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"6be5ef19-6536-4179-8169-c1fed7f568e2","block_type":"box","text":"23","page_number":23,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"546b73a8-4556-4b6b-be21-8c7c71fd44c9","block_type":"box","text":"BlackRock HPS Credit","page_number":24,"box":{"x":873,"y":86,"width":96,"height":7}},{"id":"2db1de1a-62a8-4e55-8a22-04a177dd9c48","block_type":"box","text":"Strategies Fund","page_number":24,"box":{"x":901,"y":98,"width":67,"height":8}},{"id":"00305423-8240-4e38-8d5a-0979a178d380","block_type":"box","text":"NET ASSET VALUE","page_number":24,"box":{"x":31,"y":129,"width":110,"height":9}},{"id":"cbc98c1c-6588-4a73-a4eb-947a7dd022c9","block_type":"box","text":"Institutional","page_number":24,"box":{"x":30,"y":145,"width":61,"height":7}},{"id":"ced77bda-3e1b-434d-ab47-75dd79c690b1","block_type":"box","text":"Net assets","page_number":24,"box":{"x":44,"y":157,"width":51,"height":8}},{"id":"e839c629-e1b7-4216-818c-f290eecf3911","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":98,"y":164,"width":636,"height":1}},{"id":"eff38965-6307-4716-901b-949762f90da7","block_type":"box","text":"........................","page_number":24,"box":{"x":738,"y":164,"width":117,"height":1}},{"id":"d189e25f-25a3-4baf-b66f-f4197f645422","block_type":"box","text":"$ 401,657,031","page_number":24,"box":{"x":899,"y":157,"width":68,"height":9}},{"id":"2cd073db-b3af-482b-94a0-7ce3323eddd0","block_type":"box","text":"Shares outstanding","page_number":24,"box":{"x":44,"y":175,"width":93,"height":10}},{"id":"8509adac-018c-4d73-b7a7-b1fa087241b0","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":143,"y":182,"width":636,"height":1}},{"id":"82ab600a-436c-4bb4-9c67-2d86baafa23c","block_type":"box","text":"...............","page_number":24,"box":{"x":783,"y":182,"width":72,"height":1}},{"id":"3edc6833-d35b-4f14-a0ea-e958e69d7196","block_type":"box","text":"50,307,142","page_number":24,"box":{"x":914,"y":175,"width":54,"height":9}},{"id":"ff0c53c9-0eec-4ac5-b4c5-ead4e7aa30f5","block_type":"box","text":"Net asset value","page_number":24,"box":{"x":44,"y":194,"width":75,"height":7}},{"id":"8db66a47-a221-4de8-9298-191c9ebf7ba2","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":123,"y":200,"width":636,"height":1}},{"id":"78e59ff5-cf89-4fcb-a6a8-4d8f3cae7894","block_type":"box","text":"...................","page_number":24,"box":{"x":763,"y":200,"width":92,"height":1}},{"id":"bf816597-3d23-495d-8357-c2deee8bc6aa","block_type":"box","text":"$ 7.98","page_number":24,"box":{"x":899,"y":193,"width":69,"height":9}},{"id":"cc361dfb-2f5e-4b0e-b5e8-e5dddafdd5d7","block_type":"box","text":"Shares authorized","page_number":24,"box":{"x":44,"y":211,"width":88,"height":8}},{"id":"f64d7d72-11f9-4bbf-9156-a1246f0a193b","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":138,"y":218,"width":636,"height":1}},{"id":"bc215523-7ab6-4753-b418-d041a75825a3","block_type":"box","text":"................","page_number":24,"box":{"x":778,"y":218,"width":77,"height":1}},{"id":"851433f1-46b5-4512-b062-336d50a31433","block_type":"box","text":"Unlimited","page_number":24,"box":{"x":924,"y":212,"width":44,"height":7}},{"id":"7d981cef-f726-4dc4-abbc-0080acf391c7","block_type":"box","text":"Par value","page_number":24,"box":{"x":44,"y":230,"width":45,"height":7}},{"id":"4da813d2-9158-476b-8d91-c95c9334b1e4","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":93,"y":236,"width":636,"height":1}},{"id":"bca0dd59-34d3-4d71-9941-cd15206e010c","block_type":"box","text":".........................","page_number":24,"box":{"x":733,"y":236,"width":122,"height":1}},{"id":"d5fe594e-eef3-43eb-9bc2-e00e5ae7502a","block_type":"box","text":"$ 0.001","page_number":24,"box":{"x":899,"y":229,"width":68,"height":9}},{"id":"b7659d37-6814-4f57-825f-c554cf8f3b3e","block_type":"box","text":"Class A","page_number":24,"box":{"x":30,"y":251,"width":40,"height":8}},{"id":"f9bbeaf3-bca1-4e18-81f2-f84a87a03317","block_type":"box","text":"Net assets","page_number":24,"box":{"x":44,"y":264,"width":51,"height":8}},{"id":"57783de3-6dd0-4018-98f4-90e72859d5aa","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":98,"y":271,"width":636,"height":1}},{"id":"ce8e8b8b-7ebd-4b71-8dbe-b55133d56542","block_type":"box","text":"........................","page_number":24,"box":{"x":738,"y":271,"width":117,"height":1}},{"id":"7c259d41-5684-4462-825e-3e44a4a2d74b","block_type":"box","text":"$ 70,232,766","page_number":24,"box":{"x":899,"y":264,"width":69,"height":9}},{"id":"c9b4a27f-ee12-4651-9982-c4894e271b5e","block_type":"box","text":"Shares outstanding","page_number":24,"box":{"x":44,"y":282,"width":93,"height":10}},{"id":"7b594b51-1bfa-43d8-8811-e6967fe6ddc5","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":143,"y":289,"width":636,"height":1}},{"id":"420c5708-0c82-465b-8610-3fce426ed74f","block_type":"box","text":"...............","page_number":24,"box":{"x":783,"y":289,"width":72,"height":1}},{"id":"9f371a23-07ef-4070-b78d-5379e39cb503","block_type":"box","text":"8,751,677","page_number":24,"box":{"x":920,"y":282,"width":48,"height":9}},{"id":"ecbfbce8-44e6-4e69-8e83-dd473a22f91d","block_type":"box","text":"Net asset value","page_number":24,"box":{"x":44,"y":301,"width":75,"height":7}},{"id":"8cf73b86-7069-4c82-b3ff-9ce55d5aebca","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":123,"y":307,"width":636,"height":1}},{"id":"28a8a6cd-3b56-4b55-9598-01f2c49bc63d","block_type":"box","text":"...................","page_number":24,"box":{"x":763,"y":307,"width":92,"height":1}},{"id":"a2fff4e6-bd03-44a3-9cc2-44cc2c69f331","block_type":"box","text":"$ 8.03","page_number":24,"box":{"x":899,"y":300,"width":69,"height":9}},{"id":"91c125cc-b6a0-4e10-ab9f-310178fab9cf","block_type":"box","text":"Shares authorized","page_number":24,"box":{"x":44,"y":318,"width":88,"height":8}},{"id":"e6c255fa-f4ad-415e-964a-5518fab428d0","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":138,"y":325,"width":636,"height":1}},{"id":"8e2bbd1f-a138-446a-9544-87f383ec6fe4","block_type":"box","text":"................","page_number":24,"box":{"x":778,"y":325,"width":77,"height":1}},{"id":"d8a970a4-172f-4fa0-8ac1-031138d78ece","block_type":"box","text":"Unlimited","page_number":24,"box":{"x":924,"y":319,"width":44,"height":7}},{"id":"01ddac8c-3efb-4186-badd-e3bc9c8f5585","block_type":"box","text":"Par value","page_number":24,"box":{"x":44,"y":337,"width":45,"height":7}},{"id":"b07a4ebc-5e58-483c-b938-93accc1b00f4","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":93,"y":343,"width":636,"height":1}},{"id":"180ba857-6413-4616-a133-d88f5ca4b41a","block_type":"box","text":".........................","page_number":24,"box":{"x":733,"y":343,"width":122,"height":1}},{"id":"65de0c1a-d184-4872-b912-6646c9de550d","block_type":"box","text":"$ 0.001","page_number":24,"box":{"x":899,"y":336,"width":68,"height":9}},{"id":"a480698e-0c76-48fe-8143-63ab82559ea5","block_type":"box","text":"Class J","page_number":24,"box":{"x":30,"y":358,"width":37,"height":8}},{"id":"c3316167-9ae1-4b75-8629-dd048cd6e016","block_type":"box","text":"Net assets","page_number":24,"box":{"x":44,"y":371,"width":51,"height":8}},{"id":"90ba19ff-527f-4fec-a5e2-29beda7122cf","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":98,"y":378,"width":636,"height":1}},{"id":"4241706a-c184-43c8-9b1d-ec824ca0da55","block_type":"box","text":"........................","page_number":24,"box":{"x":738,"y":378,"width":117,"height":1}},{"id":"3f4a8833-dbdb-43a7-ad37-fd7c9daf4f5a","block_type":"box","text":"$ 463,917","page_number":24,"box":{"x":899,"y":371,"width":69,"height":9}},{"id":"e76842e8-7389-4ad9-80e9-10632eb37e64","block_type":"box","text":"Shares outstanding","page_number":24,"box":{"x":44,"y":389,"width":93,"height":10}},{"id":"de1b0522-d008-4ad0-96f4-9bc8cb65e104","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":143,"y":396,"width":636,"height":1}},{"id":"19d580d2-8117-46cc-ada6-d5c503f5aed0","block_type":"box","text":"...............","page_number":24,"box":{"x":783,"y":396,"width":72,"height":1}},{"id":"7d0b78ca-81ea-43a2-8433-9ae60b030f94","block_type":"box","text":"57,937","page_number":24,"box":{"x":935,"y":389,"width":33,"height":9}},{"id":"1e51b2e1-f920-437a-81a1-b38a01632edf","block_type":"box","text":"Net asset value","page_number":24,"box":{"x":44,"y":408,"width":75,"height":7}},{"id":"6801d126-5cce-4aa5-8056-0386bbb403e3","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":123,"y":414,"width":636,"height":1}},{"id":"0fbcd66f-1713-4542-8264-9ecc4c478062","block_type":"box","text":"...................","page_number":24,"box":{"x":763,"y":414,"width":92,"height":1}},{"id":"4b435111-d88d-4cd9-9f24-8425f9608290","block_type":"box","text":"$ 8.01","page_number":24,"box":{"x":899,"y":407,"width":68,"height":9}},{"id":"b3e08452-ce11-4daa-9ffa-10e6676dca96","block_type":"box","text":"Shares authorized","page_number":24,"box":{"x":44,"y":425,"width":88,"height":8}},{"id":"fd394e4c-49ba-4c16-8888-b2a154709f98","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":138,"y":432,"width":636,"height":1}},{"id":"73ea41e8-4eaf-4b11-ad12-5a28431f5ca0","block_type":"box","text":"................","page_number":24,"box":{"x":778,"y":432,"width":77,"height":1}},{"id":"1f79ca43-ffcd-4d0a-8066-baec98723bf2","block_type":"box","text":"Unlimited","page_number":24,"box":{"x":924,"y":426,"width":44,"height":7}},{"id":"c9eea0a4-026f-4236-8c0f-931e1f7c5544","block_type":"box","text":"Par value","page_number":24,"box":{"x":44,"y":444,"width":45,"height":7}},{"id":"e2b3a56a-6a7e-4f00-b49f-fae4fde12111","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":93,"y":450,"width":636,"height":1}},{"id":"9f8b3281-c17e-46f8-81be-688b171e6f67","block_type":"box","text":".........................","page_number":24,"box":{"x":733,"y":450,"width":122,"height":1}},{"id":"f1fe33ab-923e-4627-8e15-63ae413032bb","block_type":"box","text":"$ 0.001","page_number":24,"box":{"x":899,"y":443,"width":68,"height":9}},{"id":"7419ee72-a4cb-4b9d-93bc-6a0b03e85a21","block_type":"box","text":"Class U","page_number":24,"box":{"x":30,"y":465,"width":39,"height":8}},{"id":"9e912fd2-0399-471e-9496-812719fcc74e","block_type":"box","text":"Net assets","page_number":24,"box":{"x":44,"y":478,"width":51,"height":8}},{"id":"de8b4d4e-4574-442a-afb3-89f731548dee","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":98,"y":485,"width":636,"height":1}},{"id":"90054511-16a7-466c-bdc8-438d00935e79","block_type":"box","text":"........................","page_number":24,"box":{"x":738,"y":485,"width":117,"height":1}},{"id":"0f652111-b318-4088-aab7-f5be4717053a","block_type":"box","text":"$ 46,111,755","page_number":24,"box":{"x":899,"y":478,"width":69,"height":9}},{"id":"c579d271-aef8-4e77-8180-42a15654c961","block_type":"box","text":"Shares outstanding","page_number":24,"box":{"x":44,"y":496,"width":93,"height":10}},{"id":"e79deca0-d188-4dfe-8347-e83c08125d2a","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":143,"y":503,"width":636,"height":1}},{"id":"a4e2e54b-0827-49cd-9569-6cbee15d9d4e","block_type":"box","text":"...............","page_number":24,"box":{"x":783,"y":503,"width":72,"height":1}},{"id":"3906e997-b409-4beb-81b6-f4e05ba20647","block_type":"box","text":"5,767,424","page_number":24,"box":{"x":920,"y":496,"width":48,"height":9}},{"id":"785b3d21-ca4c-4cd8-989f-15080ed9a232","block_type":"box","text":"Net asset value","page_number":24,"box":{"x":44,"y":515,"width":75,"height":7}},{"id":"a0e07a1b-f99f-4a49-ac73-7b81360825c9","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":123,"y":521,"width":636,"height":1}},{"id":"54e81236-6316-4c6d-b13e-07918c87a2a5","block_type":"box","text":"...................","page_number":24,"box":{"x":763,"y":521,"width":92,"height":1}},{"id":"dfdd4ea8-e495-4d85-9e35-a43bf39ebf28","block_type":"box","text":"$ 8.00","page_number":24,"box":{"x":899,"y":514,"width":69,"height":9}},{"id":"194c58f6-7b6e-4a1e-ac62-ebdda6d30707","block_type":"box","text":"Shares authorized","page_number":24,"box":{"x":44,"y":532,"width":88,"height":8}},{"id":"8e72455b-5c26-4b07-b096-ce05b15d77d8","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":138,"y":539,"width":636,"height":1}},{"id":"8c0575b6-0534-4212-b47d-3a11cf9229da","block_type":"box","text":"................","page_number":24,"box":{"x":778,"y":539,"width":77,"height":1}},{"id":"b43cd869-9d30-4bc8-bb1a-5625b84ee216","block_type":"box","text":"Unlimited","page_number":24,"box":{"x":924,"y":533,"width":44,"height":7}},{"id":"2cef3791-3f37-4f3f-bb4b-f7c17d77e1f9","block_type":"box","text":"Par value","page_number":24,"box":{"x":44,"y":551,"width":45,"height":7}},{"id":"29637460-2175-4ad7-9e13-53cbf5ed1839","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":93,"y":557,"width":636,"height":1}},{"id":"54d72f61-a1d8-4f00-bd9d-2f612a04318e","block_type":"box","text":".........................","page_number":24,"box":{"x":733,"y":557,"width":122,"height":1}},{"id":"bb1e3e4e-68bc-40a7-8a88-dc2be6159fe2","block_type":"box","text":"$ 0.001","page_number":24,"box":{"x":899,"y":550,"width":68,"height":9}},{"id":"152cbda0-a954-4ff4-b19d-0fc18b9a83a1","block_type":"box","text":"Class W","page_number":24,"box":{"x":30,"y":572,"width":42,"height":8}},{"id":"5c90cfa2-65ed-4f02-b73d-98f38b50b581","block_type":"box","text":"Net assets","page_number":24,"box":{"x":44,"y":585,"width":51,"height":8}},{"id":"4799bb20-98c6-4017-b5cd-932ea77bc783","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":98,"y":592,"width":636,"height":1}},{"id":"f16f4456-10d0-4ec1-a8e7-9effdedf9eb1","block_type":"box","text":"........................","page_number":24,"box":{"x":738,"y":592,"width":117,"height":1}},{"id":"d277021f-489f-407b-b113-7bd1daf6812f","block_type":"box","text":"$ 190,961","page_number":24,"box":{"x":899,"y":585,"width":68,"height":9}},{"id":"36b7d497-5ba5-45fc-9408-f8e7efa12d96","block_type":"box","text":"Shares outstanding","page_number":24,"box":{"x":44,"y":603,"width":93,"height":10}},{"id":"2c589216-7ff1-43d8-9737-72d64a7ffd93","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":143,"y":610,"width":636,"height":1}},{"id":"19e5ed38-6def-483f-9225-39e589a29f53","block_type":"box","text":"...............","page_number":24,"box":{"x":783,"y":610,"width":72,"height":1}},{"id":"0440bcc2-b739-4ad6-913c-afb94e2915fe","block_type":"box","text":"23,787","page_number":24,"box":{"x":935,"y":603,"width":33,"height":9}},{"id":"58e4d808-e14f-4222-b879-2cdd3eb28fe7","block_type":"box","text":"Net asset value","page_number":24,"box":{"x":44,"y":622,"width":75,"height":7}},{"id":"143b6ddc-263d-45a6-bd7b-76a1cf936164","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":123,"y":628,"width":636,"height":1}},{"id":"8d9914cc-4ebb-4f93-935b-b9bb51676ab0","block_type":"box","text":"...................","page_number":24,"box":{"x":763,"y":628,"width":92,"height":1}},{"id":"901e9afc-1e26-4e9e-a700-1130d8026652","block_type":"box","text":"$ 8.03","page_number":24,"box":{"x":899,"y":621,"width":69,"height":9}},{"id":"46180bf7-4088-4971-9201-c28aeac4ee08","block_type":"box","text":"Shares authorized","page_number":24,"box":{"x":44,"y":639,"width":88,"height":8}},{"id":"77087345-c28d-4566-ac75-df84446c8770","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":138,"y":646,"width":636,"height":1}},{"id":"46eaf6c7-5e6c-4f2c-836a-2be5e4848076","block_type":"box","text":"................","page_number":24,"box":{"x":778,"y":646,"width":77,"height":1}},{"id":"b9170b09-fca4-4b68-9327-e21cc95d3ff7","block_type":"box","text":"Unlimited","page_number":24,"box":{"x":924,"y":640,"width":44,"height":7}},{"id":"d52e7b0a-681f-4e33-9088-74bbfcee3852","block_type":"box","text":"Par value","page_number":24,"box":{"x":44,"y":658,"width":45,"height":7}},{"id":"84dc0610-aef3-4301-ae8a-39b9d27c570e","block_type":"box","text":"...............................................................................................................................","page_number":24,"box":{"x":93,"y":664,"width":636,"height":1}},{"id":"d3489f35-7ab7-40d0-a99f-3770964ae8f5","block_type":"box","text":".........................","page_number":24,"box":{"x":733,"y":664,"width":122,"height":1}},{"id":"317bc506-e2bb-4c4c-b7a2-ddd4dd61dd98","block_type":"box","text":"$ 0.001","page_number":24,"box":{"x":899,"y":657,"width":68,"height":9}},{"id":"8f930cab-2fc0-47ca-8d59-17443ab5ea9a","block_type":"box","text":"See notes to consolidated financial statements.","page_number":24,"box":{"x":31,"y":687,"width":257,"height":9}},{"id":"a486862d-ae18-4733-8f2e-b87e8ac3dbe5","block_type":"box","text":"Consolidated Statement of Assets and Liabilities","page_number":24,"box":{"x":31,"y":28,"width":410,"height":13}},{"id":"8bffaccc-5298-4c6e-8b88-6a411dc903ff","block_type":"box","text":"(unaudited) (continued)","page_number":24,"box":{"x":448,"y":32,"width":126,"height":11}},{"id":"b3a51f94-9c1c-4a21-b65e-461d18b5876b","block_type":"box","text":"June 30, 2026","page_number":24,"box":{"x":30,"y":49,"width":78,"height":10}},{"id":"29b9dae2-1231-41a1-90fa-34e30c95e669","block_type":"box","text":"24","page_number":24,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"b3445ebf-83d6-4c08-85e9-0f0265b07d35","block_type":"box","text":"2026","page_number":24,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"a05f341f-9a4f-4649-aec3-b4e66ffe8891","block_type":"box","text":"B","page_number":24,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"ce9511ce-3067-4fa7-b188-5deb573cfed8","block_type":"box","text":"LACK","page_number":24,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"9913eb57-cd1a-437e-a166-dc73f8e24f0e","block_type":"box","text":"R","page_number":24,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"82a41247-71c1-48cc-b509-fd8fdba90557","block_type":"box","text":"OCK","page_number":24,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"5fb3e582-675d-411d-be3d-d038b8cb410a","block_type":"box","text":"S","page_number":24,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"9af9a950-e1db-459b-84fc-f21300e29b9e","block_type":"box","text":"EMI","page_number":24,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"92a99d8e-e545-4613-bf6a-6592708373a6","block_type":"box","text":"-A","page_number":24,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"7fb10b92-f513-4f00-a5dd-4a4564a69a13","block_type":"box","text":"NNUAL","page_number":24,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"74b51cca-7678-44b5-9476-ddcbe93d82b4","block_type":"box","text":"NM0826U-5876566-24/56 R EPORT TO S HARE","page_number":24,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"e0ebf91d-721c-44db-bb4e-f9e53072c04a","block_type":"box","text":"NM\r\nR","page_number":24,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"4e8a5a32-1e92-4f35-80b3-a5b53cf3f4eb","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":24,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"115631b6-7592-4987-8325-6c784dc0cd39","block_type":"box","text":"66\r\nS","page_number":24,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"59344f9d-7f03-4044-a80a-ba35aadb3638","block_type":"box","text":"-24/56 \r\nHAREHOLDERS","page_number":24,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"6b9bf30a-e7d9-4d18-9ef2-00ae042c4953","block_type":"box","text":"BlackRock HPS Credit","page_number":25,"box":{"x":873,"y":86,"width":96,"height":7}},{"id":"dcc1de04-b4b6-4175-8126-9cf8137b3748","block_type":"box","text":"Strategies Fund","page_number":25,"box":{"x":901,"y":98,"width":67,"height":8}},{"id":"76e46288-b696-4f61-a36a-3f1b2c3ef657","block_type":"box","text":"INVESTMENT INCOME","page_number":25,"box":{"x":31,"y":129,"width":130,"height":9}},{"id":"ab300b5b-7c2a-408a-9c72-d2d68d939ab3","block_type":"box","text":"Dividends — unaffiliated","page_number":25,"box":{"x":44,"y":143,"width":117,"height":8}},{"id":"e3998daa-7793-46ed-a36d-84a8da045379","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":165,"y":149,"width":636,"height":2}},{"id":"be7e863b-a253-484c-a087-db5c6c894fce","block_type":"box","text":"..........","page_number":25,"box":{"x":805,"y":149,"width":46,"height":2}},{"id":"2d291575-85a0-4c5d-8f88-f18d7269ccfd","block_type":"box","text":"$ 2,488","page_number":25,"box":{"x":904,"y":143,"width":64,"height":9}},{"id":"044c65fd-3e27-4fb7-83e0-c0dc200d1fc6","block_type":"box","text":"Dividends — affiliated","page_number":25,"box":{"x":44,"y":156,"width":105,"height":8}},{"id":"e62e90b1-5668-4025-9aaf-1e8de9e4adf3","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":155,"y":162,"width":636,"height":2}},{"id":"7cb898b9-f51b-406e-9081-66359322a2e4","block_type":"box","text":"............","page_number":25,"box":{"x":795,"y":162,"width":56,"height":2}},{"id":"b4b55f40-838a-481c-9fc0-ff16dba09123","block_type":"box","text":"168,970","page_number":25,"box":{"x":930,"y":156,"width":38,"height":9}},{"id":"cc5e8bc7-2e0a-4a21-a89d-a1a61f64866d","block_type":"box","text":"Interest — unaffiliated","page_number":25,"box":{"x":44,"y":169,"width":105,"height":8}},{"id":"c68e1909-9ecb-48cd-9508-ddd46e26c1a2","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":155,"y":175,"width":636,"height":1}},{"id":"0c521f87-b9d9-4b23-b96e-4ff04ca486b0","block_type":"box","text":"............","page_number":25,"box":{"x":795,"y":175,"width":56,"height":1}},{"id":"95199df3-b117-4bbc-8050-405eb4609f22","block_type":"box","text":"24,137,844","page_number":25,"box":{"x":914,"y":169,"width":54,"height":9}},{"id":"00bad90a-6563-488f-a46b-912b55af582b","block_type":"box","text":"Payment-in-kind interest — unaffiliated","page_number":25,"box":{"x":44,"y":182,"width":187,"height":9}},{"id":"e38b7c76-c60e-4149-994e-6aa31b5521ea","block_type":"box","text":"...........................................................................................................................","page_number":25,"box":{"x":236,"y":188,"width":615,"height":1}},{"id":"46b4133b-08ae-4714-a03e-f26649c217cf","block_type":"box","text":"1,115,677","page_number":25,"box":{"x":922,"y":182,"width":46,"height":9}},{"id":"fdef764b-2767-4980-a300-61da1b8b1aff","block_type":"box","text":"Other income — unaffiliated","page_number":25,"box":{"x":44,"y":195,"width":135,"height":7}},{"id":"22ade598-ec24-4b50-8e10-aaa9516b36cb","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":185,"y":201,"width":636,"height":1}},{"id":"9c29ef0a-220f-429e-8840-9f6e2d1761ad","block_type":"box","text":"......","page_number":25,"box":{"x":825,"y":201,"width":26,"height":1}},{"id":"43cacd29-2136-4bb9-8ce0-5d47d90a0c75","block_type":"box","text":"1,226,712","page_number":25,"box":{"x":921,"y":195,"width":47,"height":9}},{"id":"f9483704-b9b9-4167-91fa-e6a1d07159d4","block_type":"box","text":"Foreign taxes withheld","page_number":25,"box":{"x":44,"y":208,"width":109,"height":9}},{"id":"79baac92-e0a2-48ad-9b0d-bc3ca6363edd","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":155,"y":214,"width":636,"height":1}},{"id":"d4ee442a-d17f-42c0-8556-69f20b65eb8c","block_type":"box","text":"............","page_number":25,"box":{"x":795,"y":214,"width":56,"height":1}},{"id":"9f3ff8cb-e636-44da-8176-5f64c3f69f97","block_type":"box","text":"(5,769)","page_number":25,"box":{"x":938,"y":208,"width":34,"height":9}},{"id":"702be77c-754a-4bad-952a-8db4534351fc","block_type":"box","text":"Total investment income","page_number":25,"box":{"x":30,"y":224,"width":117,"height":8}},{"id":"5990e310-b005-4022-b844-8f4a2dd9b39e","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":150,"y":231,"width":636,"height":1}},{"id":"1aec41d8-c6db-41d5-958a-9546beb69df7","block_type":"box","text":".............","page_number":25,"box":{"x":790,"y":231,"width":61,"height":1}},{"id":"1bde76f4-3d9f-4340-b7a2-5aac94b4433d","block_type":"box","text":"26,645,922","page_number":25,"box":{"x":914,"y":224,"width":54,"height":9}},{"id":"28deb40b-4ece-496e-810b-ab911ec09cbe","block_type":"box","text":"EXPENSES","page_number":25,"box":{"x":31,"y":257,"width":65,"height":9}},{"id":"0cdf5d46-2492-49ed-9fed-dfd42874be95","block_type":"box","text":"Investment advisory","page_number":25,"box":{"x":44,"y":271,"width":97,"height":9}},{"id":"c645691f-018a-446d-98da-2c433d3c329d","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":145,"y":277,"width":636,"height":1}},{"id":"b96ac763-9a53-492c-8fe9-8db05f829f6f","block_type":"box","text":"..............","page_number":25,"box":{"x":785,"y":277,"width":66,"height":1}},{"id":"06a40220-2212-4a06-b8ed-353fe06350f3","block_type":"box","text":"2,860,562","page_number":25,"box":{"x":920,"y":271,"width":48,"height":9}},{"id":"3bb53fec-6a4f-4d42-bf76-6090fa1ae7af","block_type":"box","text":"Service and distribution — class specific","page_number":25,"box":{"x":44,"y":284,"width":196,"height":9}},{"id":"6b35fa16-44a6-42f1-b204-5cc22bcc6d70","block_type":"box","text":".........................................................................................................................","page_number":25,"box":{"x":246,"y":290,"width":606,"height":1}},{"id":"4b18ad7c-3eed-4ac2-b8bd-457e6d729b6c","block_type":"box","text":"465,996","page_number":25,"box":{"x":929,"y":284,"width":39,"height":9}},{"id":"59f5d7bf-d838-4ba7-bc3b-098a6f1c4844","block_type":"box","text":"Professional","page_number":25,"box":{"x":44,"y":297,"width":59,"height":7}},{"id":"cc8ae722-b2c2-459f-8dbd-0d3d2ad76de0","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":109,"y":303,"width":637,"height":1}},{"id":"0c4d14f4-6ae6-4719-9c5a-64d2f0bede1d","block_type":"box","text":".....................","page_number":25,"box":{"x":750,"y":303,"width":101,"height":1}},{"id":"a5d62cd8-01e3-42aa-a4c0-c178147318ef","block_type":"box","text":"412,985","page_number":25,"box":{"x":929,"y":297,"width":39,"height":9}},{"id":"1b2fd180-f55a-4272-b681-782115a25179","block_type":"box","text":"Transfer agent — class specific","page_number":25,"box":{"x":43,"y":309,"width":153,"height":10}},{"id":"6d1f2980-4ab8-4606-be33-8a1edd18ed46","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":200,"y":316,"width":636,"height":1}},{"id":"a4037658-1b55-4b69-a2c7-cbe1003d1ce2","block_type":"box","text":"...","page_number":25,"box":{"x":840,"y":316,"width":12,"height":1}},{"id":"4518a20d-19a9-4c5c-9757-6dd1a0f8a189","block_type":"box","text":"254,845","page_number":25,"box":{"x":929,"y":310,"width":39,"height":8}},{"id":"9efcdcef-b0a6-4aa3-963e-7fc0385664d2","block_type":"box","text":"Custodian","page_number":25,"box":{"x":44,"y":322,"width":48,"height":8}},{"id":"bd6ea545-3646-43e7-bfea-01c1a87991bd","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":94,"y":329,"width":636,"height":1}},{"id":"392829c2-3899-42ba-9f0c-8a416161cbd1","block_type":"box","text":"........................","page_number":25,"box":{"x":734,"y":329,"width":117,"height":1}},{"id":"f892215a-f7d7-4e9f-9bb5-9f6b04135317","block_type":"box","text":"83,119","page_number":25,"box":{"x":936,"y":322,"width":32,"height":9}},{"id":"e367f0f3-deb7-43c1-b143-d76cac797fd3","block_type":"box","text":"Trustees and Officer","page_number":25,"box":{"x":43,"y":335,"width":100,"height":8}},{"id":"cd3713f0-b0e9-40d8-adf0-2f86db6718f7","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":145,"y":342,"width":636,"height":1}},{"id":"c25c758f-e577-4438-99ce-38d65eb30e72","block_type":"box","text":"..............","page_number":25,"box":{"x":785,"y":342,"width":66,"height":1}},{"id":"19925e5e-352c-4901-88dc-e820deddb07c","block_type":"box","text":"81,225","page_number":25,"box":{"x":935,"y":335,"width":33,"height":9}},{"id":"da4363ea-f385-4037-86b0-1dc42ca770b6","block_type":"box","text":"Accounting services","page_number":25,"box":{"x":43,"y":348,"width":98,"height":10}},{"id":"eacd59db-731e-460f-beca-fcc6fa6e99c1","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":145,"y":354,"width":636,"height":2}},{"id":"8aba133e-a7d1-4af7-9f8a-d37f9ae23af4","block_type":"box","text":"..............","page_number":25,"box":{"x":785,"y":354,"width":66,"height":2}},{"id":"02b699aa-1cb8-44a9-b275-7d4659b81cb0","block_type":"box","text":"50,232","page_number":25,"box":{"x":935,"y":348,"width":33,"height":9}},{"id":"ead36ae4-9097-47d2-ad43-390883b28853","block_type":"box","text":"Registration","page_number":25,"box":{"x":44,"y":361,"width":57,"height":10}},{"id":"3e6090c5-f653-47fc-8954-8693cc3efb9f","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":104,"y":367,"width":637,"height":2}},{"id":"ad3bbcbb-0975-4a3f-a916-db67a9ded80a","block_type":"box","text":"......................","page_number":25,"box":{"x":745,"y":367,"width":106,"height":2}},{"id":"c00dc96a-ad07-453a-9e6a-45821a0b3fa2","block_type":"box","text":"35,257","page_number":25,"box":{"x":935,"y":361,"width":33,"height":9}},{"id":"eb438340-cc87-4008-b350-f548aa770cb8","block_type":"box","text":"Recoupment of past waived and/or reimbursed fees — class specific","page_number":25,"box":{"x":44,"y":374,"width":333,"height":9}},{"id":"01698c0a-6439-45d3-b7b0-b752503fce21","block_type":"box","text":"..............................................................................................","page_number":25,"box":{"x":382,"y":380,"width":470,"height":1}},{"id":"d4134db5-494a-4279-bad6-7eb984df2e40","block_type":"box","text":"30,007","page_number":25,"box":{"x":935,"y":374,"width":33,"height":9}},{"id":"528e3294-2d14-438f-a1f8-c2ac08fcae79","block_type":"box","text":"Recoupment of past waived and/or reimbursed fees","page_number":25,"box":{"x":44,"y":387,"width":251,"height":9}},{"id":"911288e1-7476-449c-b80b-124d5baa304d","block_type":"box","text":"..............................................................................................................","page_number":25,"box":{"x":301,"y":393,"width":550,"height":1}},{"id":"b276b492-bd11-4c9b-b5f7-a4565c2278a0","block_type":"box","text":"20,459","page_number":25,"box":{"x":935,"y":387,"width":33,"height":9}},{"id":"6b1e0d7d-2ec1-4644-ae2c-1e0b9750c5f7","block_type":"box","text":"Printing and postage","page_number":25,"box":{"x":44,"y":400,"width":100,"height":9}},{"id":"f886905b-9e35-45b6-be55-4b0c5dee217e","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":150,"y":406,"width":636,"height":1}},{"id":"759967c9-fcd0-4eaa-97d9-37170c56a564","block_type":"box","text":".............","page_number":25,"box":{"x":790,"y":406,"width":61,"height":1}},{"id":"4e4e8a73-ab61-4f5f-a3f3-24a2e9b16df2","block_type":"box","text":"16,928","page_number":25,"box":{"x":936,"y":400,"width":32,"height":9}},{"id":"05a71a35-6a86-45f1-9f5b-91fff974697c","block_type":"box","text":"Miscellaneous","page_number":25,"box":{"x":44,"y":413,"width":69,"height":7}},{"id":"b2acb7a0-23d5-4076-9954-a1e81fd59be3","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":115,"y":419,"width":636,"height":1}},{"id":"88b8e8c8-8a9a-407c-aedd-12772ac1693e","block_type":"box","text":"....................","page_number":25,"box":{"x":755,"y":419,"width":96,"height":1}},{"id":"4bec7f01-87d3-45ee-ae1a-d2ba6f2adb9e","block_type":"box","text":"70,788","page_number":25,"box":{"x":936,"y":413,"width":32,"height":9}},{"id":"8e6d32ad-006f-4d8b-b121-79fad64ba90a","block_type":"box","text":"Total expenses excluding interest expense","page_number":25,"box":{"x":30,"y":429,"width":206,"height":10}},{"id":"826cd40d-9fa8-4e07-ba79-e9b04b1ddb2e","block_type":"box","text":"..........................................................................................................................","page_number":25,"box":{"x":241,"y":436,"width":610,"height":1}},{"id":"8b0447c7-0c63-49bd-bf5c-37e547435878","block_type":"box","text":"4,382,403","page_number":25,"box":{"x":920,"y":429,"width":48,"height":9}},{"id":"954423b0-30d2-4d67-88f1-8c6c10db1657","block_type":"box","text":"Interest expense and fees — unaffiliated","page_number":25,"box":{"x":44,"y":442,"width":195,"height":10}},{"id":"f3b58e0f-bdfc-4df1-bb89-6d68e5e5b26d","block_type":"box","text":".........................................................................................................................","page_number":25,"box":{"x":246,"y":449,"width":605,"height":1}},{"id":"e8917b65-c1e4-453a-8911-21c5dbbe2a80","block_type":"box","text":"1,387,561","page_number":25,"box":{"x":921,"y":442,"width":46,"height":9}},{"id":"5c77287c-9d0f-4003-acbd-de1ea79338d6","block_type":"box","text":"Total expenses","page_number":25,"box":{"x":30,"y":459,"width":73,"height":10}},{"id":"e4cc5dbb-afb2-4b00-81a6-a4cb57308b1f","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":104,"y":465,"width":637,"height":1}},{"id":"22ce1565-2aa5-4b1d-b89a-4158413ad821","block_type":"box","text":"......................","page_number":25,"box":{"x":745,"y":465,"width":106,"height":1}},{"id":"2bf73bc5-baa7-492c-b6fc-39fc5e62f587","block_type":"box","text":"5,769,964","page_number":25,"box":{"x":920,"y":459,"width":48,"height":9}},{"id":"56538dee-d3ae-46c4-ab9f-33afbfb766c4","block_type":"box","text":"Less:","page_number":25,"box":{"x":44,"y":472,"width":25,"height":7}},{"id":"e5ea56a6-87bc-48ef-958d-90c000dcf3d0","block_type":"box","text":"Fees waived and/or reimbursed by the Manager","page_number":25,"box":{"x":58,"y":485,"width":233,"height":9}},{"id":"4b30b596-76f8-49ee-91e4-fc5675bd43cb","block_type":"box","text":"...............................................................................................................","page_number":25,"box":{"x":296,"y":491,"width":556,"height":1}},{"id":"6b5baf42-568f-452b-84a0-b304b7ac4882","block_type":"box","text":"(2,860,562)","page_number":25,"box":{"x":917,"y":485,"width":55,"height":9}},{"id":"c7258737-e211-4441-87cd-a376b2f2a5ba","block_type":"box","text":"Transfer agent fees waived and/or reimbursed by the Manager — class specific","page_number":25,"box":{"x":57,"y":498,"width":386,"height":9}},{"id":"c160e250-e07b-4d58-a8ba-48f22b86f510","block_type":"box","text":".................................................................................","page_number":25,"box":{"x":447,"y":504,"width":405,"height":1}},{"id":"01ba89f6-4ce8-4c7d-bbc5-45c3a4a88836","block_type":"box","text":"(4,492)","page_number":25,"box":{"x":938,"y":498,"width":34,"height":9}},{"id":"9631d0ec-2f8b-4c7e-b8c0-954128845ffc","block_type":"box","text":"Total expenses after fees waived and/or reimbursed","page_number":25,"box":{"x":30,"y":514,"width":251,"height":10}},{"id":"b4d84260-90c5-413e-8b3a-35b7430ea357","block_type":"box","text":".................................................................................................................","page_number":25,"box":{"x":286,"y":521,"width":566,"height":1}},{"id":"f2856985-de94-4fb7-b213-36b0d1c82f49","block_type":"box","text":"2,904,910","page_number":25,"box":{"x":920,"y":515,"width":48,"height":8}},{"id":"3cc7a7b0-3f47-4274-a89f-9fef8e4cbee0","block_type":"box","text":"Net investment income","page_number":25,"box":{"x":31,"y":531,"width":110,"height":8}},{"id":"acabcbd2-4a88-46c5-888f-33ca75e09672","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":145,"y":538,"width":636,"height":1}},{"id":"89c41c3d-1a87-4f63-9788-e7a0025220f2","block_type":"box","text":"..............","page_number":25,"box":{"x":785,"y":538,"width":66,"height":1}},{"id":"581650f6-b8d8-4cbe-aa32-627d7f70291d","block_type":"box","text":"23,741,012","page_number":25,"box":{"x":914,"y":531,"width":54,"height":9}},{"id":"d107e419-f97e-4f44-9035-fcd7d6689465","block_type":"box","text":"REALIZED AND UNREALIZED GAIN (LOSS)","page_number":25,"box":{"x":31,"y":564,"width":251,"height":11}},{"id":"230d2273-9d06-4c68-b515-36abdba88d09","block_type":"box","text":"Net realized gain (loss) from:","page_number":25,"box":{"x":44,"y":578,"width":139,"height":9}},{"id":"b71865d2-dd19-4d35-b2af-772bf553b628","block_type":"box","text":"Investments — unaffiliated","page_number":25,"box":{"x":58,"y":590,"width":127,"height":8}},{"id":"f32e6e40-98b6-4fea-aaa9-2dce438c84a7","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":190,"y":597,"width":636,"height":1}},{"id":"9fd3334e-046b-4847-8a98-bcdbc5b8ae60","block_type":"box","text":".....","page_number":25,"box":{"x":830,"y":597,"width":21,"height":1}},{"id":"bbedc763-0395-4098-91d2-32c141893a6d","block_type":"box","text":"(514,876)","page_number":25,"box":{"x":926,"y":590,"width":46,"height":10}},{"id":"461d9c35-2247-4b2f-9799-b5c743182077","block_type":"box","text":"Forward foreign currency exchange contracts","page_number":25,"box":{"x":58,"y":603,"width":219,"height":10}},{"id":"85d18d9e-f849-4935-bdf7-0059f303d185","block_type":"box","text":"..................................................................................................................","page_number":25,"box":{"x":281,"y":610,"width":571,"height":1}},{"id":"94f695ee-1cb5-40c0-8d62-1c5ec7862fcc","block_type":"box","text":"(108,516)","page_number":25,"box":{"x":926,"y":603,"width":46,"height":10}},{"id":"52c68b53-01e0-4132-a32d-137f8de76a36","block_type":"box","text":"Foreign currency transactions","page_number":25,"box":{"x":58,"y":616,"width":143,"height":10}},{"id":"5aca3747-547e-4978-8f8f-98aa7cefe175","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":205,"y":623,"width":636,"height":1}},{"id":"45a1e93e-a418-4081-9e20-c6746ca10d74","block_type":"box","text":"..","page_number":25,"box":{"x":845,"y":623,"width":7,"height":1}},{"id":"945a5413-aaee-4a18-a93b-91c95262a666","block_type":"box","text":"10,088","page_number":25,"box":{"x":936,"y":616,"width":32,"height":9}},{"id":"c2f11fe8-4725-4234-9d35-10710b631b3c","block_type":"box","text":"Futures contracts","page_number":25,"box":{"x":58,"y":629,"width":83,"height":8}},{"id":"2ffd92a0-88e1-4bdc-9ee6-f97a42ae9408","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":145,"y":635,"width":636,"height":2}},{"id":"c1ed627f-1470-4790-b961-deb6f5919af1","block_type":"box","text":"..............","page_number":25,"box":{"x":785,"y":635,"width":66,"height":2}},{"id":"83bf787b-0df8-401d-b4d5-9b13ff442865","block_type":"box","text":"(5,759)","page_number":25,"box":{"x":938,"y":629,"width":34,"height":10}},{"id":"26b7d69a-6aa9-4df9-8a21-79e54276f158","block_type":"box","text":"Swaps","page_number":25,"box":{"x":57,"y":642,"width":32,"height":10}},{"id":"fa6d8116-47d5-4043-abc3-428491307897","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":94,"y":648,"width":636,"height":2}},{"id":"3a7f6fe9-fcf9-4350-8186-b837430081c1","block_type":"box","text":"........................","page_number":25,"box":{"x":734,"y":648,"width":117,"height":2}},{"id":"f4591247-d00d-40be-a580-7e9d32aae4d9","block_type":"box","text":"148,974","page_number":25,"box":{"x":930,"y":642,"width":38,"height":9}},{"id":"ac23dc47-a6ac-486f-80eb-4c1d85fc74c1","block_type":"box","text":"(470,089)","page_number":25,"box":{"x":926,"y":659,"width":46,"height":9}},{"id":"eb44ef5d-67e7-4809-9aaf-17e2ac64b0c1","block_type":"box","text":"Net change in unrealized appreciation (depreciation) on:","page_number":25,"box":{"x":44,"y":676,"width":272,"height":9}},{"id":"21520c31-2833-4e86-a4fd-d8c13b9eb4f6","block_type":"box","text":"Investments — unaffiliated","page_number":25,"box":{"x":58,"y":688,"width":127,"height":8}},{"id":"7472b2fe-43cf-45b5-9cc2-afa5e06a7d99","block_type":"box","text":"(a)","page_number":25,"box":{"x":187,"y":687,"width":9,"height":6}},{"id":"756e3969-325f-4390-88e8-c75fb35d4cf3","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":200,"y":695,"width":636,"height":1}},{"id":"72faf6a1-bafe-44ea-8234-2e003a095779","block_type":"box","text":"...","page_number":25,"box":{"x":840,"y":695,"width":11,"height":1}},{"id":"221f6ca7-5efb-41ae-9c1e-e6a40942c555","block_type":"box","text":"(12,870,810)","page_number":25,"box":{"x":911,"y":688,"width":61,"height":10}},{"id":"d0f108de-0961-40c3-8811-5b93155f8151","block_type":"box","text":"Investments — affiliated","page_number":25,"box":{"x":58,"y":701,"width":115,"height":8}},{"id":"4cbb05c1-df07-4905-8ef0-92dda45fc134","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":180,"y":708,"width":636,"height":1}},{"id":"8f9d26ab-b044-490b-aafa-883743cfdf2a","block_type":"box","text":".......","page_number":25,"box":{"x":820,"y":708,"width":31,"height":1}},{"id":"aab137c3-b01a-4a57-91ef-0070ff38a300","block_type":"box","text":"(103)","page_number":25,"box":{"x":947,"y":701,"width":25,"height":10}},{"id":"0ff9eda0-52c0-40b4-8579-c8eaaf5cb6bd","block_type":"box","text":"Forward foreign currency exchange contracts","page_number":25,"box":{"x":58,"y":714,"width":219,"height":10}},{"id":"333b2c8d-b330-406c-b92c-310d95cc6675","block_type":"box","text":"..................................................................................................................","page_number":25,"box":{"x":281,"y":721,"width":571,"height":1}},{"id":"0212ee13-d5e8-40c0-9a4e-3c34abfe5006","block_type":"box","text":"210,699","page_number":25,"box":{"x":929,"y":714,"width":39,"height":9}},{"id":"fcbb8245-472a-492b-b61a-889edc29e344","block_type":"box","text":"Foreign currency translations","page_number":25,"box":{"x":58,"y":727,"width":140,"height":10}},{"id":"58d0bd53-9462-407a-9575-976b93eb42ef","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":200,"y":733,"width":636,"height":2}},{"id":"f9beafd9-ac91-466e-b7e6-853884000ee2","block_type":"box","text":"...","page_number":25,"box":{"x":840,"y":733,"width":12,"height":2}},{"id":"d03869ed-5cd4-4fce-860c-a58174a54649","block_type":"box","text":"(3,689)","page_number":25,"box":{"x":938,"y":727,"width":34,"height":10}},{"id":"482035c0-c618-4b38-a579-fe4e5b372492","block_type":"box","text":"Futures contracts","page_number":25,"box":{"x":58,"y":740,"width":83,"height":8}},{"id":"a06dde63-4fae-4620-a3d1-125160c278f5","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":145,"y":746,"width":636,"height":2}},{"id":"e876db4b-8850-4558-8832-a0cbf8e9894f","block_type":"box","text":"..............","page_number":25,"box":{"x":785,"y":746,"width":66,"height":2}},{"id":"f9f28797-307a-4716-82ec-601b28ce2d75","block_type":"box","text":"(24,657)","page_number":25,"box":{"x":932,"y":740,"width":40,"height":10}},{"id":"aef16be7-6ff8-4df9-886c-0f70e3e09dfa","block_type":"box","text":"Swaps","page_number":25,"box":{"x":57,"y":753,"width":32,"height":9}},{"id":"691bad28-a80f-4b3b-af80-7c4cd133762c","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":94,"y":759,"width":636,"height":1}},{"id":"e9ddbe20-eaec-497d-b58c-574f70b8a151","block_type":"box","text":"........................","page_number":25,"box":{"x":734,"y":759,"width":117,"height":1}},{"id":"f01d4f65-d534-4b6a-b0c7-76adbfff962b","block_type":"box","text":"(149,197)","page_number":25,"box":{"x":926,"y":753,"width":46,"height":10}},{"id":"f619f5b7-9d0f-46a7-9b64-246826aa205d","block_type":"box","text":"Unfunded floating rate loan interests","page_number":25,"box":{"x":57,"y":766,"width":176,"height":9}},{"id":"9c09473e-4431-458e-8f10-67516d02dbbc","block_type":"box","text":"...........................................................................................................................","page_number":25,"box":{"x":236,"y":772,"width":615,"height":1}},{"id":"312e2d97-a867-4e32-98f9-c30babc494bf","block_type":"box","text":"210,497","page_number":25,"box":{"x":929,"y":766,"width":39,"height":9}},{"id":"9a7bbbf6-ff93-4810-a295-e2370b0b9390","block_type":"box","text":"(12,627,260)","page_number":25,"box":{"x":911,"y":783,"width":61,"height":9}},{"id":"1152cf96-e054-4f09-8a3c-6f6d1be6eff9","block_type":"box","text":"Net realized and unrealized loss","page_number":25,"box":{"x":31,"y":799,"width":155,"height":8}},{"id":"b007fe38-b7ce-44ab-aeca-278c764c01d2","block_type":"box","text":"...............................................................................................................................","page_number":25,"box":{"x":190,"y":806,"width":636,"height":1}},{"id":"97f14541-b8a7-438b-9681-f4db1719011a","block_type":"box","text":".....","page_number":25,"box":{"x":830,"y":806,"width":22,"height":1}},{"id":"227ce0a9-d605-4e88-907d-4aaf34609b9d","block_type":"box","text":"(13,097,349)","page_number":25,"box":{"x":911,"y":799,"width":61,"height":10}},{"id":"f93c0051-3d5a-4ced-9eb4-98e65d412dac","block_type":"box","text":"NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS","page_number":25,"box":{"x":31,"y":820,"width":340,"height":8}},{"id":"e17ddabc-40bc-4896-803e-6b5fa49c91c0","block_type":"box","text":"...............................................................................................","page_number":25,"box":{"x":377,"y":826,"width":475,"height":1}},{"id":"ed24b973-1055-4868-a095-768d4d87119e","block_type":"box","text":"$ 10,643,663","page_number":25,"box":{"x":904,"y":819,"width":64,"height":10}},{"id":"f77d7a5e-31c4-4155-8a9e-fe0d6a981553","block_type":"box","text":"(a)","page_number":25,"box":{"x":30,"y":844,"width":9,"height":6}},{"id":"0616baf6-cc70-4895-ab70-5c9393195f44","block_type":"box","text":"Net of increase in deferred foreign capital gain tax of","page_number":25,"box":{"x":49,"y":846,"width":255,"height":9}},{"id":"685c5fd8-7b7c-493e-87f7-e3224a787e1d","block_type":"box","text":".............................................................................................................","page_number":25,"box":{"x":306,"y":852,"width":546,"height":1}},{"id":"60b9b84a-00f7-4134-ac1b-b427cb7b4193","block_type":"box","text":"$ (11,148)","page_number":25,"box":{"x":904,"y":845,"width":68,"height":10}},{"id":"7a444ae9-b48b-40d8-a234-0ada019eced5","block_type":"box","text":"See notes to consolidated financial statements.","page_number":25,"box":{"x":31,"y":870,"width":257,"height":9}},{"id":"b07395b5-19ae-45f7-b0f8-25be40af56ab","block_type":"box","text":"Consolidated Statement of Operations","page_number":25,"box":{"x":31,"y":28,"width":325,"height":16}},{"id":"13a91991-3425-4615-9f98-c1ee23ceec18","block_type":"box","text":"(unaudited)","page_number":25,"box":{"x":363,"y":32,"width":61,"height":11}},{"id":"7cc5040a-2c8e-4ad2-8f18-fa6e73f6dc7c","block_type":"box","text":"Six Months Ended June 30, 2026","page_number":25,"box":{"x":30,"y":49,"width":182,"height":10}},{"id":"47f0c951-c492-47c2-80b5-29eb61cc8685","block_type":"box","text":"C","page_number":25,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"4b8aff29-7fab-4a76-ac40-b75c9ea94227","block_type":"box","text":"ONSOLIDATED","page_number":25,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"2fb96980-0ac6-485c-9f20-369dd55f35ae","block_type":"box","text":"F","page_number":25,"box":{"x":148,"y":967,"width":5,"height":7}},{"id":"17a71a29-9013-4d87-b361-59311c746545","block_type":"box","text":"INANCIAL","page_number":25,"box":{"x":158,"y":969,"width":62,"height":5}},{"id":"7985a9fb-33c9-4db2-9154-48ab02001e99","block_type":"box","text":"S","page_number":25,"box":{"x":232,"y":967,"width":6,"height":7}},{"id":"3c8ffc6e-eb92-410b-8d2d-ec2fc2b4efdc","block_type":"box","text":"TATEMENTS","page_number":25,"box":{"x":243,"y":969,"width":76,"height":5}},{"id":"6f99a522-27da-4a04-9bd2-2683d4d4f6b4","block_type":"box","text":"NM0826U-5876566-25/56","page_number":25,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"862c5102-5920-476e-8786-e55d22247200","block_type":"box","text":"25","page_number":25,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"ee3e5399-7b1d-4072-a274-3a941fa00e5e","block_type":"box","text":"BlackRock HPS Credit","page_number":26,"box":{"x":832,"y":69,"width":95,"height":7}},{"id":"2e8b8f5e-4ed1-4422-a3c1-6ab3c53a8e01","block_type":"box","text":"Strategies Fund","page_number":26,"box":{"x":845,"y":81,"width":67,"height":8}},{"id":"a0c55586-dcd7-47bb-8463-08dec0fc2e27","block_type":"box","text":"Six Months Ended","page_number":26,"box":{"x":790,"y":97,"width":77,"height":6}},{"id":"5edc1b90-c293-4001-9e89-f47aae9da5bb","block_type":"box","text":"06/30/26","page_number":26,"box":{"x":830,"y":108,"width":37,"height":7}},{"id":"47e65a26-b6eb-43b3-96bd-b96eb1f78fe8","block_type":"box","text":"(unaudited)","page_number":26,"box":{"x":819,"y":120,"width":48,"height":8}},{"id":"f295abd2-f9df-4977-9fa2-e59975c62b6c","block_type":"box","text":"Year Ended","page_number":26,"box":{"x":919,"y":108,"width":49,"height":7}},{"id":"479fea2c-a3b3-4096-9105-40a55c6f1fe9","block_type":"box","text":"12/31/25","page_number":26,"box":{"x":932,"y":120,"width":36,"height":7}},{"id":"9f1ae083-4646-4306-937b-8370bc3d3ae3","block_type":"box","text":"INCREASE (DECREASE) IN NET ASSETS","page_number":26,"box":{"x":30,"y":150,"width":238,"height":11}},{"id":"7c8a28c6-ad87-434e-b17a-8b7bf976a9b0","block_type":"box","text":"OPERATIONS","page_number":26,"box":{"x":30,"y":179,"width":80,"height":8}},{"id":"029cb4dd-3e71-4a28-986f-c7daeacbebcd","block_type":"box","text":"Net investment income","page_number":26,"box":{"x":44,"y":193,"width":111,"height":7}},{"id":"8839f18a-6ca2-4a0a-b3a4-eb4e589ed14b","block_type":"box","text":"..........................................................................................................................","page_number":26,"box":{"x":157,"y":199,"width":611,"height":1}},{"id":"c3bf1186-9e9b-46a9-9ff3-59ebffd3bde5","block_type":"box","text":"$ 23,741,012 $ 49,339,865","page_number":26,"box":{"x":797,"y":192,"width":171,"height":9}},{"id":"5f2608d1-29c4-40f3-9004-6c7dab1bfe68","block_type":"box","text":"Net realized loss","page_number":26,"box":{"x":44,"y":205,"width":80,"height":8}},{"id":"f75fb259-fb6a-443c-b848-e883c140e641","block_type":"box","text":"...............................................................................................................................","page_number":26,"box":{"x":127,"y":212,"width":636,"height":1}},{"id":"fb62b516-ee40-4998-af64-2b10273e0319","block_type":"box","text":".","page_number":26,"box":{"x":767,"y":212,"width":1,"height":1}},{"id":"7f08af6a-ae07-40c4-ba29-14f4ea111872","block_type":"box","text":"(470,089) (25,658,637)","page_number":26,"box":{"x":825,"y":205,"width":147,"height":10}},{"id":"67054a7e-f1b8-472b-96b0-e586a8b5f573","block_type":"box","text":"Net change in unrealized appreciation (depreciation)","page_number":26,"box":{"x":44,"y":218,"width":254,"height":10}},{"id":"187f1636-166e-4438-b8c8-a87ea2322cfb","block_type":"box","text":".............................................................................................","page_number":26,"box":{"x":304,"y":225,"width":464,"height":1}},{"id":"4ad7ee47-901b-41d6-b629-e576d0e54e00","block_type":"box","text":"(12,627,260) 7,751,461","page_number":26,"box":{"x":809,"y":218,"width":158,"height":10}},{"id":"4adf0d07-0dd2-4f37-9194-a182fd174355","block_type":"box","text":"Net increase in net assets resulting from operations","page_number":26,"box":{"x":31,"y":235,"width":249,"height":10}},{"id":"729cb454-0dc4-4adf-95b0-9bd4df4ebea8","block_type":"box","text":".................................................................................................","page_number":26,"box":{"x":283,"y":241,"width":485,"height":2}},{"id":"7a72e9e2-3185-4b17-8989-58daa36ceaea","block_type":"box","text":"10,643,663 31,432,689","page_number":26,"box":{"x":813,"y":235,"width":155,"height":9}},{"id":"f54a3d38-82f5-4962-975e-5cc12ff80cb1","block_type":"box","text":"DISTRIBUTIONS TO SHAREHOLDERS","page_number":26,"box":{"x":31,"y":266,"width":220,"height":9}},{"id":"43a2a56d-da5a-4f61-8eb5-5fa27f6c1fb3","block_type":"box","text":"(a)","page_number":26,"box":{"x":252,"y":265,"width":11,"height":6}},{"id":"d50ea0de-425b-4287-91c2-0a6cb20dbe50","block_type":"box","text":"Institutional","page_number":26,"box":{"x":58,"y":280,"width":54,"height":8}},{"id":"b203796b-c0f5-4973-9ebb-c9bc246b1d46","block_type":"box","text":"...............................................................................................................................","page_number":26,"box":{"x":117,"y":286,"width":636,"height":2}},{"id":"ac9708be-e0a4-4a80-b687-d67d64b4f31a","block_type":"box","text":"...","page_number":26,"box":{"x":757,"y":286,"width":11,"height":2}},{"id":"ad781b87-c1b5-45b4-8957-be78d19608fb","block_type":"box","text":"(18,363,675)","page_number":26,"box":{"x":809,"y":280,"width":61,"height":10}},{"id":"df00199b-c1d0-4d6d-9811-42797d80f3f7","block_type":"box","text":"(b)","page_number":26,"box":{"x":872,"y":279,"width":9,"height":6}},{"id":"e6bbb06b-8dd6-4c40-bb84-47eda216b328","block_type":"box","text":"(39,070,075)","page_number":26,"box":{"x":911,"y":280,"width":61,"height":10}},{"id":"f97a8a25-7748-40c5-9a46-0e18ee349149","block_type":"box","text":"Class A","page_number":26,"box":{"x":57,"y":293,"width":37,"height":8}},{"id":"80d2128d-ada6-44da-9cb9-262255b8ba09","block_type":"box","text":"...............................................................................................................................","page_number":26,"box":{"x":97,"y":299,"width":636,"height":2}},{"id":"cc535c6e-964c-499c-b4d7-c9800b0f7cd2","block_type":"box","text":".......","page_number":26,"box":{"x":737,"y":299,"width":31,"height":2}},{"id":"2cfe112a-f9f0-4ecf-8ba6-f90667e0a548","block_type":"box","text":"(3,125,814)","page_number":26,"box":{"x":815,"y":293,"width":55,"height":10}},{"id":"177cc4d1-f5bc-4878-ac78-874dd3547c1a","block_type":"box","text":"(b)","page_number":26,"box":{"x":872,"y":292,"width":9,"height":6}},{"id":"a1dd41e5-630f-49d9-8171-8a55f032b56b","block_type":"box","text":"(8,638,427)","page_number":26,"box":{"x":917,"y":293,"width":55,"height":10}},{"id":"41a36ef6-1461-4281-a428-3a4c7feb94b6","block_type":"box","text":"Class J","page_number":26,"box":{"x":57,"y":306,"width":35,"height":8}},{"id":"23c2836e-6150-4101-9b5b-80375f02da42","block_type":"box","text":"...............................................................................................................................","page_number":26,"box":{"x":97,"y":312,"width":636,"height":1}},{"id":"042a1c94-67c1-4ad0-a98a-239d835e545c","block_type":"box","text":".......","page_number":26,"box":{"x":737,"y":312,"width":31,"height":1}},{"id":"91897139-5581-48f3-b2a1-d09e22c7b970","block_type":"box","text":"(19,645)","page_number":26,"box":{"x":831,"y":306,"width":39,"height":10}},{"id":"0379875c-724e-4972-9ce8-8ebff230aadd","block_type":"box","text":"(b)","page_number":26,"box":{"x":872,"y":305,"width":9,"height":6}},{"id":"1973abbc-0d39-4af5-a41b-3080f7edd02b","block_type":"box","text":"(40,917)","page_number":26,"box":{"x":932,"y":306,"width":40,"height":10}},{"id":"46271490-32e9-45a8-9cf2-cb94a280c67b","block_type":"box","text":"Class U","page_number":26,"box":{"x":57,"y":319,"width":37,"height":7}},{"id":"a035ed7a-ec33-4a30-80e5-172e96184252","block_type":"box","text":"...............................................................................................................................","page_number":26,"box":{"x":97,"y":325,"width":636,"height":1}},{"id":"be243986-3a71-48ae-a7cd-2702bc603e67","block_type":"box","text":".......","page_number":26,"box":{"x":737,"y":325,"width":31,"height":1}},{"id":"2fd1b7b3-44ef-4476-a159-761ad9dfd103","block_type":"box","text":"(1,927,989)","page_number":26,"box":{"x":815,"y":319,"width":55,"height":9}},{"id":"df07b873-ba60-427f-90a6-428b5ae97b48","block_type":"box","text":"(b)","page_number":26,"box":{"x":872,"y":317,"width":9,"height":6}},{"id":"1e906081-d11f-4594-9516-51d8a779358b","block_type":"box","text":"(3,992,391)","page_number":26,"box":{"x":917,"y":319,"width":55,"height":9}},{"id":"de412a61-559d-466d-94e0-016639719d80","block_type":"box","text":"Class W","page_number":26,"box":{"x":57,"y":332,"width":41,"height":7}},{"id":"426c6fb8-bc71-4f0b-8cb7-67a9c4b19ba2","block_type":"box","text":"...............................................................................................................................","page_number":26,"box":{"x":102,"y":338,"width":636,"height":1}},{"id":"205cbf44-feee-410d-8c9d-9b037ccd5f24","block_type":"box","text":"......","page_number":26,"box":{"x":742,"y":338,"width":26,"height":1}},{"id":"9e8b6405-2354-4cec-81bb-ce330f9fc9a2","block_type":"box","text":"(7,814)","page_number":26,"box":{"x":837,"y":332,"width":33,"height":9}},{"id":"39695df7-5229-4b35-9648-466c76f8f94b","block_type":"box","text":"(b)","page_number":26,"box":{"x":872,"y":330,"width":9,"height":6}},{"id":"bfa13234-9673-4d2b-beaa-b1c8496434b4","block_type":"box","text":"(16,306)","page_number":26,"box":{"x":932,"y":332,"width":40,"height":9}},{"id":"4bf698e9-866e-41cd-b1db-c03f13b575ae","block_type":"box","text":"Decrease in net assets resulting from distributions to shareholders","page_number":26,"box":{"x":31,"y":348,"width":321,"height":10}},{"id":"69754c9f-4a29-4179-8d16-fa55c2be28fd","block_type":"box","text":"...................................................................................","page_number":26,"box":{"x":354,"y":355,"width":414,"height":1}},{"id":"787aa3b2-b9ed-4bae-8244-8708427ccc27","block_type":"box","text":"(23,444,937) (51,758,116)","page_number":26,"box":{"x":809,"y":348,"width":163,"height":10}},{"id":"0678be7f-0065-457a-8de4-f1bb846754fc","block_type":"box","text":"CAPITAL SHARE TRANSACTIONS","page_number":26,"box":{"x":30,"y":380,"width":199,"height":8}},{"id":"e425919b-1504-48c4-b2b5-25fc1a2e9e40","block_type":"box","text":"Shares sold and issued","page_number":26,"box":{"x":44,"y":394,"width":113,"height":7}},{"id":"7b6bc250-6c4e-4f20-be5c-4678d37b1a10","block_type":"box","text":".........................................................................................................................","page_number":26,"box":{"x":162,"y":400,"width":606,"height":1}},{"id":"90bd2dfb-ad8c-4758-863d-4f10a865ed79","block_type":"box","text":"32,539,229 114,132,985","page_number":26,"box":{"x":813,"y":394,"width":155,"height":9}},{"id":"a1b2214c-203e-417a-8d24-f6bec0bd79ec","block_type":"box","text":"Reinvestment of distributions","page_number":26,"box":{"x":44,"y":406,"width":140,"height":8}},{"id":"3cc9c872-1f07-4104-8ed1-bc0aecc9072e","block_type":"box","text":"....................................................................................................................","page_number":26,"box":{"x":188,"y":413,"width":580,"height":1}},{"id":"d13b629b-de1c-4e34-a27d-b3f90d485607","block_type":"box","text":"4,500,805 12,772,693","page_number":26,"box":{"x":819,"y":407,"width":149,"height":8}},{"id":"34c5bb3a-db04-4f43-85b8-d7b30f687a9d","block_type":"box","text":"Shares redeemed","page_number":26,"box":{"x":44,"y":419,"width":86,"height":8}},{"id":"c42606c2-a75a-4335-bf1e-af7ae95834d4","block_type":"box","text":"...............................................................................................................................","page_number":26,"box":{"x":132,"y":426,"width":636,"height":1}},{"id":"55d15c5c-93ab-4b88-a092-1b35a406b2a2","block_type":"box","text":"(67,262,806) (151,217,648)","page_number":26,"box":{"x":809,"y":419,"width":163,"height":10}},{"id":"c320b2a2-94e1-459b-b4ec-fd27cfc38c5a","block_type":"box","text":"Net decrease in net assets derived from capital share transactions","page_number":26,"box":{"x":31,"y":436,"width":321,"height":10}},{"id":"b5666445-3a8d-4796-89a6-b0c539c1bac4","block_type":"box","text":"...................................................................................","page_number":26,"box":{"x":354,"y":442,"width":414,"height":2}},{"id":"1323cf36-7368-4484-a2d5-d99af755470a","block_type":"box","text":"(30,222,772) (24,311,970)","page_number":26,"box":{"x":809,"y":436,"width":163,"height":10}},{"id":"f2edf2ab-35c8-414f-88cd-9481672bc90e","block_type":"box","text":"NET ASSETS","page_number":26,"box":{"x":30,"y":467,"width":76,"height":9}},{"id":"4fce9d7f-6011-4042-b929-4ec419cf517d","block_type":"box","text":"Total decrease in net assets","page_number":26,"box":{"x":30,"y":481,"width":136,"height":8}},{"id":"c0e28199-b954-4e9b-871c-55f61ce9b0c0","block_type":"box","text":"........................................................................................................................","page_number":26,"box":{"x":167,"y":488,"width":601,"height":1}},{"id":"59faf098-baa8-43a1-98b6-7957273220b9","block_type":"box","text":"(43,024,046) (44,637,397)","page_number":26,"box":{"x":809,"y":481,"width":163,"height":10}},{"id":"5372773a-d0a8-4d04-8728-4c5a902cad5d","block_type":"box","text":"Beginning of period","page_number":26,"box":{"x":31,"y":494,"width":93,"height":10}},{"id":"e89b06fc-f9d5-4065-af4f-7284bc8460f8","block_type":"box","text":"...............................................................................................................................","page_number":26,"box":{"x":127,"y":500,"width":636,"height":2}},{"id":"c3c61dcd-fcb0-4588-b3b9-3c63fd9d32c6","block_type":"box","text":".","page_number":26,"box":{"x":767,"y":500,"width":1,"height":2}},{"id":"d719cd4c-afad-40c1-8a86-865c804af8bd","block_type":"box","text":"561,680,476 606,317,873","page_number":26,"box":{"x":807,"y":494,"width":161,"height":9}},{"id":"0a4797ca-3b1d-428b-9a9a-6a61ff5e9d0d","block_type":"box","text":"End of period","page_number":26,"box":{"x":31,"y":511,"width":63,"height":9}},{"id":"03a7810e-1d41-4092-9988-471a2ae716de","block_type":"box","text":"...............................................................................................................................","page_number":26,"box":{"x":97,"y":517,"width":636,"height":1}},{"id":"e4d5096d-ee61-43fd-8b29-a89a06d6499f","block_type":"box","text":".......","page_number":26,"box":{"x":737,"y":517,"width":31,"height":1}},{"id":"5cc69f2e-7ed1-4e77-9f56-94da72756fc1","block_type":"box","text":"$ 518,656,430 $ 561,680,476","page_number":26,"box":{"x":797,"y":510,"width":171,"height":10}},{"id":"4a069149-0bdf-4040-bcfc-34e930f9cff6","block_type":"box","text":"(a)","page_number":26,"box":{"x":30,"y":535,"width":9,"height":6}},{"id":"371c4676-2d05-4c5f-924b-8f1cfa7e6b9c","block_type":"box","text":"Distributions for annual periods determined in accordance with U.S. federal income tax regulations.","page_number":26,"box":{"x":47,"y":537,"width":481,"height":9}},{"id":"19ab0d43-0a09-4e3f-9f14-8fc8bf596436","block_type":"box","text":"(b)","page_number":26,"box":{"x":30,"y":548,"width":9,"height":6}},{"id":"5d360d44-3355-4f6a-87c6-a0bc1fcf18d5","block_type":"box","text":"A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end.","page_number":26,"box":{"x":47,"y":550,"width":630,"height":9}},{"id":"360d7678-f27c-4ef5-9fa2-a1a19d0c3303","block_type":"box","text":"See notes to consolidated financial statements.","page_number":26,"box":{"x":31,"y":574,"width":257,"height":9}},{"id":"360cc355-3814-449f-8fcf-5fdfc8a0bbf4","block_type":"box","text":"Consolidated Statements of Changes in Net Assets","page_number":26,"box":{"x":31,"y":28,"width":435,"height":17}},{"id":"2bf75924-2759-4cd1-a40f-b0c41e5b6d9b","block_type":"box","text":"26","page_number":26,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"6e7072a2-2180-4105-8c09-39247d304d73","block_type":"box","text":"2026","page_number":26,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"96105a56-3676-4cc2-96c0-183a9e5aca17","block_type":"box","text":"B","page_number":26,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"233788b1-2dc6-40df-99cf-99f81f24aac2","block_type":"box","text":"LACK","page_number":26,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"7ec981bf-ab55-4a9d-8c63-fe28cca6e5ce","block_type":"box","text":"R","page_number":26,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"94b0e798-6934-4396-ac2d-21f95f4adbd4","block_type":"box","text":"OCK","page_number":26,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"faa815a7-7f9c-4110-b119-5022b84715d7","block_type":"box","text":"S","page_number":26,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"69128e06-52b8-4386-a1b9-8b0b1053a706","block_type":"box","text":"EMI","page_number":26,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"cfb8a85f-d0a5-4c7a-b1e5-ba3a6c61f8cb","block_type":"box","text":"-A","page_number":26,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"15073493-aa4a-4e92-9f02-a01675053f7d","block_type":"box","text":"NNUAL","page_number":26,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"a6e8aa09-2323-4150-b618-cea4f480b65d","block_type":"box","text":"NM0826U-5876566-26/56 R EPORT TO S HARE","page_number":26,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"7bc91801-91e1-4c05-b13c-c3c6eb32c178","block_type":"box","text":"NM\r\nR","page_number":26,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"dac1707c-7181-42ee-bd3d-3fb10abb82ce","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":26,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"ed2041b6-acb6-4c85-a6a8-66698ee2955c","block_type":"box","text":"66\r\nS","page_number":26,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"a3fb4877-ac91-4039-bd26-6efecee2c08b","block_type":"box","text":"-26/56 \r\nHAREHOLDERS","page_number":26,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"4f74c3ee-419c-4535-813c-e0a4672c154d","block_type":"box","text":"BlackRock HPS Credit","page_number":27,"box":{"x":873,"y":86,"width":96,"height":7}},{"id":"13ff4ec7-25f0-4e06-a649-3fa5019a4437","block_type":"box","text":"Strategies Fund","page_number":27,"box":{"x":901,"y":98,"width":67,"height":8}},{"id":"71b13b2f-5089-4e5d-b3c4-ac234ee3228d","block_type":"box","text":"CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES","page_number":27,"box":{"x":30,"y":129,"width":343,"height":11}},{"id":"b018d982-80ca-4c9b-994f-a97294a5cf63","block_type":"box","text":"Net increase in net assets resulting from operations","page_number":27,"box":{"x":31,"y":143,"width":249,"height":10}},{"id":"b2f0d6cd-1bf8-4ea2-92dd-c0a602647c6d","block_type":"box","text":".................................................................................................................","page_number":27,"box":{"x":286,"y":149,"width":566,"height":2}},{"id":"15f76182-ad87-44b1-917d-e52e9661517c","block_type":"box","text":"$ 10,643,663","page_number":27,"box":{"x":898,"y":143,"width":70,"height":9}},{"id":"145eacc9-f3c7-4cd9-a615-75df939bd3e3","block_type":"box","text":"Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities:","page_number":27,"box":{"x":30,"y":157,"width":586,"height":10}},{"id":"92455a7a-501b-45dc-bdd0-4bd75d43846f","block_type":"box","text":"Proceeds from sales of long-term investments and principal paydowns/payups","page_number":27,"box":{"x":44,"y":170,"width":380,"height":10}},{"id":"9d65336c-30e7-41c6-8fa7-77186796171e","block_type":"box","text":".....................................................................................","page_number":27,"box":{"x":427,"y":177,"width":425,"height":1}},{"id":"3f35d6fb-dc95-423b-a7d3-e57d092c8edd","block_type":"box","text":"187,306,786","page_number":27,"box":{"x":909,"y":170,"width":59,"height":9}},{"id":"95c40c73-e291-4df3-a190-922c7e31939e","block_type":"box","text":"Purchases of long-term investments","page_number":27,"box":{"x":44,"y":183,"width":175,"height":10}},{"id":"03e9e019-3210-4c6b-8841-1761804c2111","block_type":"box","text":"..............................................................................................................................","page_number":27,"box":{"x":220,"y":189,"width":631,"height":2}},{"id":"b7c5d30e-c2a4-4ec1-9d65-7999af5cd04d","block_type":"box","text":"(197,178,707)","page_number":27,"box":{"x":904,"y":183,"width":68,"height":10}},{"id":"a00698c4-8520-4d53-aee2-553d3d941555","block_type":"box","text":"Net proceeds from sales of short-term securities","page_number":27,"box":{"x":44,"y":196,"width":233,"height":10}},{"id":"1a8b4352-ca36-489a-91f0-cfd7a97f03ed","block_type":"box","text":"..................................................................................................................","page_number":27,"box":{"x":281,"y":202,"width":571,"height":2}},{"id":"d92f5917-5c14-435a-b80d-1f5cf5a74c78","block_type":"box","text":"9,609,189","page_number":27,"box":{"x":920,"y":196,"width":48,"height":9}},{"id":"126946d9-fe7a-473f-a85f-766dbf91390c","block_type":"box","text":"Amortization of premium and accretion of discount on investments and other fees","page_number":27,"box":{"x":43,"y":209,"width":395,"height":9}},{"id":"0d8dad20-3690-46de-9cc2-8edccf2c3cdc","block_type":"box","text":"..................................................................................","page_number":27,"box":{"x":442,"y":215,"width":410,"height":1}},{"id":"799d3e97-9c8e-4357-acc2-2586c534b321","block_type":"box","text":"(736,633)","page_number":27,"box":{"x":926,"y":209,"width":46,"height":10}},{"id":"ee23447d-7570-4c11-88ce-f2aa629ab5cc","block_type":"box","text":"Paid-in-kind income","page_number":27,"box":{"x":44,"y":222,"width":95,"height":7}},{"id":"97c00073-d23f-4717-a6a7-d5561152092e","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":145,"y":228,"width":636,"height":1}},{"id":"e8ffa7e2-6c64-43ae-ba56-c3778c94bb91","block_type":"box","text":"..............","page_number":27,"box":{"x":785,"y":228,"width":66,"height":1}},{"id":"62bfaaef-1367-4e40-bee9-6aa9864eaacd","block_type":"box","text":"(1,115,677)","page_number":27,"box":{"x":918,"y":222,"width":54,"height":9}},{"id":"59d46720-eda3-4493-94e1-6ca8af3d2f07","block_type":"box","text":"Net realized loss on investments","page_number":27,"box":{"x":44,"y":235,"width":157,"height":7}},{"id":"9e7451a7-75da-4f88-b054-cce6c4d31efe","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":205,"y":241,"width":636,"height":1}},{"id":"0a1acd4e-effd-42e6-a27e-1c9ac105ffd0","block_type":"box","text":"..","page_number":27,"box":{"x":845,"y":241,"width":6,"height":1}},{"id":"adaf80cd-7a2a-4923-bc76-09f4c81d85bc","block_type":"box","text":"516,722","page_number":27,"box":{"x":929,"y":235,"width":39,"height":9}},{"id":"db82427e-a2b1-4e02-8b90-60986eae444a","block_type":"box","text":"Net unrealized (appreciation) depreciation on investments, swaps, forward foreign currency exchange contracts, foreign currency translations a","page_number":27,"box":{"x":44,"y":248,"width":695,"height":9}},{"id":"86e9d080-8c1c-4a5f-9561-3ff256163144","block_type":"box","text":"nd unfunded floating","page_number":27,"box":{"x":740,"y":248,"width":99,"height":9}},{"id":"943df903-13a2-481f-902a-19488d1ea2a4","block_type":"box","text":"rate loan interests","page_number":27,"box":{"x":57,"y":261,"width":87,"height":7}},{"id":"f7c370f3-668f-4c6c-87ef-94845fee25ca","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":150,"y":267,"width":636,"height":1}},{"id":"9a0dcc49-a14c-4689-a781-2c5e78179f39","block_type":"box","text":".............","page_number":27,"box":{"x":790,"y":267,"width":61,"height":1}},{"id":"9f6193e6-be8e-4042-80ac-020cdf9eb353","block_type":"box","text":"12,427,988","page_number":27,"box":{"x":915,"y":261,"width":53,"height":8}},{"id":"7db8318d-84b2-4926-8673-51c0cd755dbf","block_type":"box","text":"(Increase) Decrease in Assets","page_number":27,"box":{"x":30,"y":275,"width":146,"height":9}},{"id":"a1033aab-fbbb-4700-9d54-5d8c51f06dd2","block_type":"box","text":"Receivables","page_number":27,"box":{"x":44,"y":288,"width":59,"height":7}},{"id":"6abb5e8c-d19d-439c-b9f4-753eca7382e7","block_type":"box","text":"Dividends — affiliated","page_number":27,"box":{"x":57,"y":300,"width":105,"height":8}},{"id":"d5e6c301-47dc-4870-b39c-15c0f4192a8d","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":165,"y":307,"width":636,"height":1}},{"id":"cbc21885-c2d1-4a92-ac4b-f285d899fc3c","block_type":"box","text":"..........","page_number":27,"box":{"x":805,"y":307,"width":46,"height":1}},{"id":"aad0efae-4a52-4ea2-8f5c-acd55c4f3815","block_type":"box","text":"20,270","page_number":27,"box":{"x":935,"y":301,"width":33,"height":8}},{"id":"68811433-3b25-4561-9014-86f9ded62265","block_type":"box","text":"Dividends — unaffiliated","page_number":27,"box":{"x":57,"y":313,"width":117,"height":8}},{"id":"5c6e2da7-1cfd-4604-bc04-1699440a1e4a","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":180,"y":320,"width":636,"height":1}},{"id":"836d377d-6990-4336-a1eb-5a8d9db39291","block_type":"box","text":".......","page_number":27,"box":{"x":820,"y":320,"width":31,"height":1}},{"id":"2562172d-b8e5-477b-be33-b841f17a998b","block_type":"box","text":"34,772","page_number":27,"box":{"x":935,"y":313,"width":33,"height":9}},{"id":"010316b5-f382-4f5e-a988-208453d0f24b","block_type":"box","text":"From the Manager","page_number":27,"box":{"x":58,"y":326,"width":89,"height":10}},{"id":"a4f31e41-084e-4788-9c68-0c83f6d4696e","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":150,"y":333,"width":636,"height":1}},{"id":"28013292-fb06-4d26-ae9d-8c5446afa728","block_type":"box","text":".............","page_number":27,"box":{"x":790,"y":333,"width":61,"height":1}},{"id":"d51639db-f2dd-49f6-b70e-55ac7529ab25","block_type":"box","text":"20,459","page_number":27,"box":{"x":935,"y":326,"width":33,"height":9}},{"id":"29b1c64f-eb14-4bd8-b759-5f16aa99b99a","block_type":"box","text":"Interest — unaffiliated","page_number":27,"box":{"x":58,"y":339,"width":105,"height":8}},{"id":"37d67951-bad7-4652-af69-e4ad5208f914","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":165,"y":345,"width":636,"height":2}},{"id":"918d7a63-7116-413f-822e-5e9d4120c1a3","block_type":"box","text":"..........","page_number":27,"box":{"x":805,"y":345,"width":46,"height":2}},{"id":"ce072558-e596-4f7a-854c-c4e3a54f1b3a","block_type":"box","text":"1,821,104","page_number":27,"box":{"x":921,"y":339,"width":47,"height":9}},{"id":"833c929b-8b49-4602-828f-8ec7875ad6c7","block_type":"box","text":"Variation margin on futures contracts","page_number":27,"box":{"x":57,"y":352,"width":178,"height":10}},{"id":"8f4b51e2-1d58-4edb-8c8b-6476b6a60c92","block_type":"box","text":"..........................................................................................................................","page_number":27,"box":{"x":241,"y":358,"width":610,"height":1}},{"id":"aa6d9a4e-730b-4e5f-9339-2cd5c9cb3c13","block_type":"box","text":"7,125","page_number":27,"box":{"x":942,"y":352,"width":26,"height":9}},{"id":"76bbb7d8-4961-4b0b-a171-af5c014ed93c","block_type":"box","text":"Prepaid expenses","page_number":27,"box":{"x":44,"y":365,"width":87,"height":9}},{"id":"5e97a343-5c00-4607-81e8-c4854b033d25","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":135,"y":371,"width":636,"height":1}},{"id":"ed113778-dbc1-4f04-be0e-1df5da80293f","block_type":"box","text":"................","page_number":27,"box":{"x":775,"y":371,"width":76,"height":1}},{"id":"e8805d14-a6a5-47be-8f7b-58c988296b8e","block_type":"box","text":"5,503","page_number":27,"box":{"x":942,"y":365,"width":26,"height":9}},{"id":"aaeaf019-8b33-40c7-b54c-800ff8e95c82","block_type":"box","text":"Increase (Decrease) in Liabilities","page_number":27,"box":{"x":31,"y":379,"width":158,"height":10}},{"id":"aed14a3f-2118-4efc-b49c-8cfcb138f6ff","block_type":"box","text":"Payables","page_number":27,"box":{"x":44,"y":392,"width":44,"height":10}},{"id":"d8176560-f065-4872-a4ee-deed13657a90","block_type":"box","text":"Accounting services fees","page_number":27,"box":{"x":57,"y":405,"width":121,"height":10}},{"id":"5bcfc7a3-490e-426c-9575-e27294dfe5e0","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":180,"y":411,"width":636,"height":1}},{"id":"20430ec2-f947-47d0-ab1e-b5c75c02d943","block_type":"box","text":".......","page_number":27,"box":{"x":820,"y":411,"width":31,"height":1}},{"id":"882ac65b-818f-462c-8e8e-81a6613711cf","block_type":"box","text":"(8,973)","page_number":27,"box":{"x":938,"y":405,"width":34,"height":10}},{"id":"eac8c0e3-a52b-472c-bbf5-5a42e8de420f","block_type":"box","text":"Custodian fees","page_number":27,"box":{"x":57,"y":418,"width":73,"height":7}},{"id":"59d03390-c298-4da5-831d-5a83be343094","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":135,"y":424,"width":636,"height":1}},{"id":"d843c4d6-f7c3-4baf-ac16-93a765815ae3","block_type":"box","text":"................","page_number":27,"box":{"x":775,"y":424,"width":76,"height":1}},{"id":"6fc7cb0e-539e-4021-82c8-f92643358d09","block_type":"box","text":"4,380","page_number":27,"box":{"x":941,"y":418,"width":27,"height":9}},{"id":"53d5df13-ecfc-40ab-aac0-0c5745be66a5","block_type":"box","text":"Deferred foreign capital gain tax","page_number":27,"box":{"x":57,"y":431,"width":156,"height":9}},{"id":"a81425d2-6227-4225-9c61-c48b7581d3a2","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":215,"y":437,"width":636,"height":1}},{"id":"ee3194fd-cd7e-4dd7-9713-111c86f4e714","block_type":"box","text":"11,148","page_number":27,"box":{"x":937,"y":431,"width":31,"height":9}},{"id":"e68b3daa-45e1-43bc-97fd-70e17a203690","block_type":"box","text":"Interest expense and fees","page_number":27,"box":{"x":58,"y":444,"width":125,"height":9}},{"id":"bedabdc7-d7e8-43a6-bfae-3dd29c179551","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":185,"y":450,"width":636,"height":1}},{"id":"cb641c3c-470d-47e3-a2b8-aebd3c95db06","block_type":"box","text":"......","page_number":27,"box":{"x":825,"y":450,"width":26,"height":1}},{"id":"310a82e6-fec4-4d63-9b13-0f84eaca0277","block_type":"box","text":"27,288","page_number":27,"box":{"x":935,"y":444,"width":33,"height":8}},{"id":"c6575111-7a83-42a0-b969-57dd33d8fc14","block_type":"box","text":"Trustees’ and Officer’s fees","page_number":27,"box":{"x":57,"y":456,"width":133,"height":8}},{"id":"1d8c7619-8ef2-402e-97a3-d3b813fa08d5","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":195,"y":463,"width":636,"height":1}},{"id":"08d58b2e-2c5d-4788-86a2-3ee1fb85fb96","block_type":"box","text":"....","page_number":27,"box":{"x":835,"y":463,"width":17,"height":1}},{"id":"83bde1af-9839-46c8-b852-149c8462c482","block_type":"box","text":"41,442","page_number":27,"box":{"x":935,"y":456,"width":33,"height":9}},{"id":"2874a9e7-5812-4617-bd8c-db748f04ad67","block_type":"box","text":"Recoupment of past waived fees","page_number":27,"box":{"x":57,"y":469,"width":159,"height":10}},{"id":"d5784afd-7112-458a-9af6-ed222a8db207","block_type":"box","text":"..............................................................................................................................","page_number":27,"box":{"x":220,"y":476,"width":631,"height":1}},{"id":"b16927b0-6fb9-4fce-80bf-4ba489f82f61","block_type":"box","text":"50,466","page_number":27,"box":{"x":935,"y":469,"width":33,"height":9}},{"id":"d0b0ed4d-eb64-4f85-a5a5-610afc5fd1ac","block_type":"box","text":"Other accrued expenses","page_number":27,"box":{"x":57,"y":482,"width":119,"height":10}},{"id":"ee9bd70e-2c67-4a45-8462-d6ddff991ec5","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":180,"y":489,"width":636,"height":1}},{"id":"08f5e47d-5ba1-4f31-b087-33e6b39447a7","block_type":"box","text":".......","page_number":27,"box":{"x":820,"y":489,"width":31,"height":1}},{"id":"e527826f-1078-4dc9-a146-de692b51f10a","block_type":"box","text":"(10,161)","page_number":27,"box":{"x":932,"y":482,"width":40,"height":10}},{"id":"a845460a-f7ed-4f1e-8d99-9e0e59a13727","block_type":"box","text":"Professional fees","page_number":27,"box":{"x":57,"y":495,"width":84,"height":8}},{"id":"708433b7-e34e-45a8-9b58-de6550fbbd3b","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":145,"y":501,"width":636,"height":2}},{"id":"685b4c8c-78b2-4edc-8def-cf17a10cad9c","block_type":"box","text":"..............","page_number":27,"box":{"x":785,"y":501,"width":66,"height":2}},{"id":"43479943-0a67-4f61-91b1-d9419d1fbb00","block_type":"box","text":"(101,048)","page_number":27,"box":{"x":926,"y":495,"width":46,"height":10}},{"id":"661fe2ca-7ae9-45b5-8321-182e8ef90934","block_type":"box","text":"Service and distribution fees","page_number":27,"box":{"x":57,"y":508,"width":138,"height":8}},{"id":"c655b82d-a884-4f48-8501-474f7d62e28e","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":200,"y":514,"width":636,"height":1}},{"id":"31eecc2b-6d80-45cd-9d71-0fd26839af41","block_type":"box","text":"...","page_number":27,"box":{"x":840,"y":514,"width":12,"height":1}},{"id":"a3069834-d251-4011-975e-39d2ff08fbd2","block_type":"box","text":"(15,734)","page_number":27,"box":{"x":932,"y":508,"width":40,"height":10}},{"id":"a677fa5a-9afc-4559-8dce-68b3e3ab34ff","block_type":"box","text":"Transfer agent fees","page_number":27,"box":{"x":57,"y":521,"width":94,"height":10}},{"id":"a10f17ec-a8b1-48bd-b386-2cc886268ba3","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":155,"y":527,"width":636,"height":1}},{"id":"db7f75b0-1c64-4ab9-9b0a-595bd7d5add3","block_type":"box","text":"............","page_number":27,"box":{"x":795,"y":527,"width":56,"height":1}},{"id":"f907544d-d203-4f77-8870-b601388217d5","block_type":"box","text":"59,781","page_number":27,"box":{"x":935,"y":521,"width":32,"height":9}},{"id":"10f2abda-15a8-4762-af3b-1abc9d850b28","block_type":"box","text":"Variation margin on futures contracts","page_number":27,"box":{"x":57,"y":534,"width":178,"height":9}},{"id":"15894b55-ae9b-41d5-9adc-b6447b69da2c","block_type":"box","text":"..........................................................................................................................","page_number":27,"box":{"x":241,"y":540,"width":610,"height":1}},{"id":"7faeb1ad-6f04-4791-ba52-9038ee70fa0a","block_type":"box","text":"(3,908)","page_number":27,"box":{"x":938,"y":534,"width":34,"height":9}},{"id":"574a938c-76e7-489e-955f-a37be32fb094","block_type":"box","text":"Variation margin on centrally cleared swaps","page_number":27,"box":{"x":57,"y":547,"width":212,"height":9}},{"id":"58aacef3-4127-408b-b8da-e227a3a9fc12","block_type":"box","text":"....................................................................................................................","page_number":27,"box":{"x":271,"y":553,"width":581,"height":1}},{"id":"81326572-72cc-4758-a28f-5eadfef1dd66","block_type":"box","text":"(2,802)","page_number":27,"box":{"x":938,"y":547,"width":34,"height":9}},{"id":"03c19e0c-b59a-447e-baea-0bbe438c13da","block_type":"box","text":"Net cash provided by operating activities","page_number":27,"box":{"x":31,"y":564,"width":196,"height":9}},{"id":"92079219-948c-4bed-9c81-d02d3512adae","block_type":"box","text":"............................................................................................................................","page_number":27,"box":{"x":230,"y":570,"width":621,"height":1}},{"id":"cc58e208-d4ce-4d88-be09-06702685c754","block_type":"box","text":"23,434,443","page_number":27,"box":{"x":914,"y":563,"width":54,"height":9}},{"id":"ab4ebf62-f472-405a-a6df-0d3590e5d675","block_type":"box","text":"CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES","page_number":27,"box":{"x":30,"y":596,"width":340,"height":11}},{"id":"5c73599c-0905-4e28-b71c-ce95e0155930","block_type":"box","text":"Cash dividends paid to shareholders","page_number":27,"box":{"x":30,"y":610,"width":178,"height":9}},{"id":"aeb4b136-b23d-4ca9-9cee-2c5c50f9411a","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":210,"y":616,"width":636,"height":1}},{"id":"65ce6f0e-5dad-4b6f-96d0-3686b93a93dd","block_type":"box","text":".","page_number":27,"box":{"x":850,"y":616,"width":2,"height":1}},{"id":"c1610997-d1df-4306-8e28-60057a2921ab","block_type":"box","text":"(19,185,741)","page_number":27,"box":{"x":911,"y":610,"width":61,"height":9}},{"id":"c317ea68-74d8-49b3-a850-8ceb61c507b3","block_type":"box","text":"Payments for bank borrowings","page_number":27,"box":{"x":31,"y":623,"width":147,"height":9}},{"id":"9d404811-5a8b-4d9d-aed3-648bacefacac","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":180,"y":629,"width":636,"height":1}},{"id":"7720f679-80de-4edc-9b92-00df0fb6c1b0","block_type":"box","text":".......","page_number":27,"box":{"x":820,"y":629,"width":32,"height":1}},{"id":"64302d0a-25a9-4746-abec-7fd3cd9bd556","block_type":"box","text":"(47,000,000)","page_number":27,"box":{"x":911,"y":623,"width":61,"height":9}},{"id":"dd33977b-1933-477b-99c6-8956e1320d07","block_type":"box","text":"Net payments on redemption of capital shares","page_number":27,"box":{"x":31,"y":636,"width":223,"height":9}},{"id":"11ba15de-78e9-4cda-ac24-c1d8ddf2156a","block_type":"box","text":".......................................................................................................................","page_number":27,"box":{"x":256,"y":642,"width":595,"height":1}},{"id":"681e9106-ce5c-44e5-b5f3-77d0405424c7","block_type":"box","text":"(67,351,154)","page_number":27,"box":{"x":911,"y":636,"width":61,"height":9}},{"id":"de639d26-d195-47f4-8217-3e929e90902d","block_type":"box","text":"Proceeds from bank borrowings","page_number":27,"box":{"x":31,"y":648,"width":154,"height":10}},{"id":"6f4e7a79-64d8-4e4c-8db9-5ad8fb0509f2","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":190,"y":655,"width":636,"height":1}},{"id":"1040cafc-d387-4347-9a94-7c3988854a35","block_type":"box","text":".....","page_number":27,"box":{"x":830,"y":655,"width":22,"height":1}},{"id":"96fa576a-a738-43fe-bc99-228147e0d9a5","block_type":"box","text":"75,000,000","page_number":27,"box":{"x":914,"y":649,"width":54,"height":8}},{"id":"b3154f9c-e404-488a-a4c6-9de8d7a29e92","block_type":"box","text":"Proceeds from issuance of capital shares","page_number":27,"box":{"x":31,"y":661,"width":200,"height":10}},{"id":"6c871efe-dd6e-409a-ac6e-a37866e08ca3","block_type":"box","text":"...........................................................................................................................","page_number":27,"box":{"x":236,"y":668,"width":615,"height":1}},{"id":"098e4bde-75f3-4ef4-8066-e1d791542112","block_type":"box","text":"33,135,821","page_number":27,"box":{"x":914,"y":661,"width":53,"height":9}},{"id":"fcf4a213-9acc-4599-a5d2-73cecfafb90a","block_type":"box","text":"Net cash used for financing activities","page_number":27,"box":{"x":31,"y":678,"width":177,"height":10}},{"id":"4ef1089f-8d03-4e1f-95af-f8791d36fc2d","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":210,"y":684,"width":636,"height":2}},{"id":"cfd9c9fc-8a5e-41cd-8b8d-8e042b686ff2","block_type":"box","text":".","page_number":27,"box":{"x":850,"y":684,"width":2,"height":2}},{"id":"177c6789-bec1-45d9-a8e2-e916903b5ce7","block_type":"box","text":"(25,401,074)","page_number":27,"box":{"x":911,"y":678,"width":61,"height":10}},{"id":"f99f8eb7-7a3d-43a9-883d-f68fd0b11c45","block_type":"box","text":"CASH IMPACT FROM FOREIGN EXCHANGE FLUCTUATIONS","page_number":27,"box":{"x":30,"y":711,"width":353,"height":8}},{"id":"543a2139-c750-4ae0-8625-b8df3b81f041","block_type":"box","text":"Cash impact from foreign exchange fluctuations","page_number":27,"box":{"x":30,"y":725,"width":232,"height":9}},{"id":"66aa4dda-17b7-408f-bfb4-0a188bbf502a","block_type":"box","text":".....................................................................................................................","page_number":27,"box":{"x":266,"y":731,"width":585,"height":1}},{"id":"ad26144b-0b52-4564-947c-5aa6ace08f3d","block_type":"box","text":"(567)","page_number":27,"box":{"x":947,"y":725,"width":25,"height":9}},{"id":"a164ad16-1fde-411c-8809-5673cb81331c","block_type":"box","text":"CASH AND FOREIGN CURRENCY","page_number":27,"box":{"x":30,"y":757,"width":198,"height":9}},{"id":"7c7539bb-576d-4056-aef8-f1db3c430f53","block_type":"box","text":"Net decrease in restricted and unrestricted cash and foreign currency","page_number":27,"box":{"x":31,"y":771,"width":336,"height":10}},{"id":"866336a4-4d82-40da-8a84-22cbe280a515","block_type":"box","text":"................................................................................................","page_number":27,"box":{"x":372,"y":777,"width":480,"height":1}},{"id":"3b2b1e3d-d837-4374-a35d-63d69044ba91","block_type":"box","text":"(1,967,198)","page_number":27,"box":{"x":917,"y":771,"width":55,"height":10}},{"id":"9611dcbb-d6f9-4e00-bdf3-2c120f9010e0","block_type":"box","text":"Restricted and unrestricted cash and foreign currency at beginning of period","page_number":27,"box":{"x":31,"y":784,"width":369,"height":10}},{"id":"a6d69abb-7b42-406e-a0a3-3648c0798cbe","block_type":"box","text":"..........................................................................................","page_number":27,"box":{"x":402,"y":790,"width":450,"height":1}},{"id":"34f901d3-058f-4e3c-9ece-7daae2308c00","block_type":"box","text":"2,074,331","page_number":27,"box":{"x":920,"y":784,"width":47,"height":9}},{"id":"621dfa77-d302-4b48-8f87-e4202c5c67db","block_type":"box","text":"Restricted and unrestricted cash and foreign currency at end of period","page_number":27,"box":{"x":31,"y":801,"width":339,"height":9}},{"id":"c09e2631-6a10-47b3-ad1e-c492f8773fc2","block_type":"box","text":"...............................................................................................","page_number":27,"box":{"x":377,"y":807,"width":475,"height":1}},{"id":"d2bb7114-57ca-4193-b9b6-3f2d0e3652d9","block_type":"box","text":"$ 107,133","page_number":27,"box":{"x":898,"y":800,"width":70,"height":10}},{"id":"c8b1a348-5c04-4220-af9b-4d462eab15d7","block_type":"box","text":"SUPPLEMENTAL DISCLOSURE OFCASH FLOW INFORMATION","page_number":27,"box":{"x":30,"y":834,"width":369,"height":9}},{"id":"12b36740-eaf0-4419-ad3b-05082405e2d8","block_type":"box","text":"Cash paid during the period for interest expense","page_number":27,"box":{"x":30,"y":848,"width":234,"height":10}},{"id":"9564424a-2e11-40c6-adaa-d8f6981ce312","block_type":"box","text":"....................................................................................................................","page_number":27,"box":{"x":271,"y":855,"width":581,"height":1}},{"id":"eddab95d-536c-49ea-9a37-00d7e2c69f88","block_type":"box","text":"$ 1,360,273","page_number":27,"box":{"x":898,"y":848,"width":70,"height":9}},{"id":"e4213c02-1117-428b-ae6f-142dd20c5e83","block_type":"box","text":"NON-CASH FINANCING ACTIVITIES","page_number":27,"box":{"x":31,"y":882,"width":208,"height":9}},{"id":"f23780aa-ed6b-49e7-830f-d9b0fdeaf55f","block_type":"box","text":"Reinvestment of distributions","page_number":27,"box":{"x":31,"y":896,"width":140,"height":8}},{"id":"02d6fa32-d7b3-4f06-8344-a624d5cf5afa","block_type":"box","text":"...............................................................................................................................","page_number":27,"box":{"x":175,"y":902,"width":636,"height":2}},{"id":"c95ff076-5417-4475-a03e-f17916d735d9","block_type":"box","text":"........","page_number":27,"box":{"x":815,"y":902,"width":36,"height":2}},{"id":"858d26fd-a2eb-49e6-888e-e7ce47d9f480","block_type":"box","text":"$ 4,500,805","page_number":27,"box":{"x":898,"y":895,"width":70,"height":10}},{"id":"197735b9-5403-4541-8d01-5e88ffd2b6c7","block_type":"box","text":"Consolidated Statement of Cash Flows","page_number":27,"box":{"x":31,"y":28,"width":331,"height":13}},{"id":"8edd3833-8ac2-48f7-a456-cd7c3a96ae44","block_type":"box","text":"(unaudited)","page_number":27,"box":{"x":369,"y":32,"width":61,"height":11}},{"id":"63ff8e00-7de7-467f-8c90-cc9a6c7374e2","block_type":"box","text":"Six Months Ended June 30, 2026","page_number":27,"box":{"x":30,"y":49,"width":182,"height":10}},{"id":"82ea08b4-7983-41a9-adc9-292d65c2e05a","block_type":"box","text":"C","page_number":27,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"d51686b2-5bf5-4776-8e59-97e77776e602","block_type":"box","text":"ONSOLIDATED","page_number":27,"box":{"x":42,"y":969,"width":93,"height":5}},{"id":"fbbe9164-d593-4b82-aa4b-7c294b577b3e","block_type":"box","text":"F","page_number":27,"box":{"x":148,"y":967,"width":5,"height":7}},{"id":"22d06436-d747-41e7-b119-8a051f112cdc","block_type":"box","text":"INANCIAL","page_number":27,"box":{"x":158,"y":969,"width":62,"height":5}},{"id":"9be89bce-523e-40fd-b0dc-27f4784c77b9","block_type":"box","text":"S","page_number":27,"box":{"x":232,"y":967,"width":6,"height":7}},{"id":"ba7a32fd-6f11-47c7-b7b2-38f387d2ff89","block_type":"box","text":"TATEMENTS","page_number":27,"box":{"x":243,"y":969,"width":76,"height":5}},{"id":"1fbef9cc-0806-479e-a31d-dcef4f747de8","block_type":"box","text":"NM0826U-5876566-27/56","page_number":27,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"fab8bd03-1eb9-47ac-bee1-1021b3c25e06","block_type":"box","text":"27","page_number":27,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"9e01f0f4-738f-4b2a-abf5-1b6521115ff7","block_type":"box","text":"BlackRock HPS Credit","page_number":28,"box":{"x":873,"y":86,"width":96,"height":7}},{"id":"6009a423-197b-4424-bcc7-a796e037bfb8","block_type":"box","text":"Strategies Fund","page_number":28,"box":{"x":901,"y":98,"width":67,"height":8}},{"id":"e46a8dd5-bf28-4ca2-96a5-cfd4e14b6d60","block_type":"box","text":"RECONCILIATION OF RESTRICTED AND UNRESTRICTED CASH AND FOREIGN CURRENCY AT THE END OF PERIOD TO THE","page_number":28,"box":{"x":31,"y":129,"width":727,"height":9}},{"id":"9ecd2c1e-2f2e-4ec8-9d57-8ea1ef9272aa","block_type":"box","text":"CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES","page_number":28,"box":{"x":45,"y":142,"width":349,"height":9}},{"id":"756b2c05-2aee-497d-849a-637d08c2086b","block_type":"box","text":"Cash","page_number":28,"box":{"x":30,"y":156,"width":25,"height":8}},{"id":"6830a3bc-5262-4985-98ba-34ff48042f13","block_type":"box","text":"...............................................................................................................................","page_number":28,"box":{"x":59,"y":162,"width":636,"height":2}},{"id":"47b88913-adb5-4224-bded-afab4aa57c94","block_type":"box","text":"...............................","page_number":28,"box":{"x":699,"y":162,"width":152,"height":2}},{"id":"3209acd1-07d2-4e7b-aeac-ba2586171a1c","block_type":"box","text":"$ 61,464","page_number":28,"box":{"x":898,"y":155,"width":70,"height":10}},{"id":"48358783-5730-4fd6-a5a8-0bc456c68196","block_type":"box","text":"Foreign currency at value","page_number":28,"box":{"x":31,"y":169,"width":123,"height":10}},{"id":"2d5f86aa-1245-4af9-ba64-ea312014f2e4","block_type":"box","text":"...............................................................................................................................","page_number":28,"box":{"x":160,"y":175,"width":636,"height":1}},{"id":"80ddaee0-1c08-4ed6-906b-ef4b0d7bdb97","block_type":"box","text":"...........","page_number":28,"box":{"x":800,"y":175,"width":52,"height":1}},{"id":"85316427-f350-4949-ac83-67779a8f9431","block_type":"box","text":"45,669","page_number":28,"box":{"x":935,"y":169,"width":33,"height":9}},{"id":"3a6cd14f-2f55-411a-85ca-918c509dc01d","block_type":"box","text":"$ 107,133","page_number":28,"box":{"x":898,"y":185,"width":70,"height":10}},{"id":"0431b3a7-0740-4ecf-a71b-b2c27f24531d","block_type":"box","text":"See notes to consolidated financial statements.","page_number":28,"box":{"x":31,"y":219,"width":257,"height":9}},{"id":"e79d7cb0-1cfe-40b9-a815-6f0a1ef20fe0","block_type":"box","text":"Consolidated Statement of Cash Flows","page_number":28,"box":{"x":31,"y":28,"width":331,"height":13}},{"id":"d5b8afb1-7fdc-450a-b8ae-512130936870","block_type":"box","text":"(unaudited) (continued)","page_number":28,"box":{"x":369,"y":32,"width":127,"height":11}},{"id":"cec66756-0be2-478b-91cb-d4f56b9a4770","block_type":"box","text":"Six Months Ended June 30, 2026","page_number":28,"box":{"x":30,"y":49,"width":182,"height":10}},{"id":"8911b22c-cf69-4ea8-a66d-d4623515abff","block_type":"box","text":"28","page_number":28,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"5f09103b-c68e-45cb-bb23-ad0343e1f348","block_type":"box","text":"2026","page_number":28,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"6f255548-33fc-4a6e-a7f9-79165c1d8e26","block_type":"box","text":"B","page_number":28,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"4a5fce69-9d6f-454d-98ae-f3565742c8bc","block_type":"box","text":"LACK","page_number":28,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"937921a7-e0f2-4b18-8d81-ff4eb616efe7","block_type":"box","text":"R","page_number":28,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"3ed752c5-6cd8-45df-b43c-f89577b2c9df","block_type":"box","text":"OCK","page_number":28,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"b91e722e-5244-4e23-ba3c-37b52f9fe844","block_type":"box","text":"S","page_number":28,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"b58a0f59-613e-4a32-bb73-329e361af4d7","block_type":"box","text":"EMI","page_number":28,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"42afae9e-a901-4877-b540-615bc45098da","block_type":"box","text":"-A","page_number":28,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"ec03fdca-daa8-4777-b8a2-a27369e16a67","block_type":"box","text":"NNUAL","page_number":28,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"f41e0b26-da67-44e5-b5ca-60faec4bd8c0","block_type":"box","text":"NM0826U-5876566-28/56 R EPORT TO S HARE","page_number":28,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"bec2f2cd-c0cc-484b-b506-9d2e9babc9cb","block_type":"box","text":"NM\r\nR","page_number":28,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"1e82c4dd-262b-4da5-84ac-4866598c84e9","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":28,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"f13cd1df-c12d-4f93-b36d-35b954960932","block_type":"box","text":"66\r\nS","page_number":28,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"139f34e6-ae88-4868-b1ae-313465946230","block_type":"box","text":"-28/56 \r\nHAREHOLDERS","page_number":28,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"f88b06fb-778e-43b8-892e-fbaec8e1fd36","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":29,"box":{"x":636,"y":86,"width":166,"height":9}},{"id":"f3f04de2-8a12-4328-b107-727f8f5135e0","block_type":"box","text":"Institutional","page_number":29,"box":{"x":696,"y":103,"width":47,"height":6}},{"id":"fe4ce552-e736-4bb8-aed8-f86d2e2a5e47","block_type":"box","text":"Six Months Ended","page_number":29,"box":{"x":480,"y":119,"width":77,"height":7}},{"id":"3fccdd4c-79e1-49cf-889f-f6516bf6e7e1","block_type":"box","text":"06/30/26","page_number":29,"box":{"x":521,"y":131,"width":37,"height":6}},{"id":"d1e66af7-65dd-4359-98d6-5c8b125d4855","block_type":"box","text":"(a)","page_number":29,"box":{"x":559,"y":129,"width":8,"height":6}},{"id":"39a4a89a-2d97-4a52-a97e-a652e8cb27bd","block_type":"box","text":"(unaudited)","page_number":29,"box":{"x":509,"y":142,"width":48,"height":9}},{"id":"d30f9b8c-d632-40b2-b3e1-63aeb5a02834","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":588,"y":131,"width":49,"height":6}},{"id":"3b4c24c2-5e4e-4809-91ec-b5e67743a318","block_type":"box","text":"12/31/25","page_number":29,"box":{"x":602,"y":142,"width":36,"height":7}},{"id":"499ff7ec-4868-4fd5-a735-6758e311000a","block_type":"box","text":"(a)","page_number":29,"box":{"x":639,"y":141,"width":8,"height":5}},{"id":"9a6fcf1f-b6cd-4d67-8b8d-01ed10e9e7d0","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":668,"y":131,"width":49,"height":6}},{"id":"1950b288-ee0b-4a2e-9ad8-6e556bb41ee4","block_type":"box","text":"12/31/24","page_number":29,"box":{"x":682,"y":142,"width":36,"height":7}},{"id":"029b14a4-c2f7-4447-9c0c-253a71572af5","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":748,"y":131,"width":50,"height":6}},{"id":"95d59300-b279-4ecc-9f8a-c69275d82d38","block_type":"box","text":"12/31/23","page_number":29,"box":{"x":763,"y":142,"width":36,"height":7}},{"id":"28d365f9-745f-4dea-b15e-d1116d5ec142","block_type":"box","text":"(a)","page_number":29,"box":{"x":800,"y":141,"width":8,"height":5}},{"id":"bbdd0d09-d18e-42c8-a294-86167506904a","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":828,"y":131,"width":50,"height":6}},{"id":"7081954b-7c14-4793-b85c-0018e48f8629","block_type":"box","text":"12/31/22","page_number":29,"box":{"x":843,"y":142,"width":36,"height":7}},{"id":"0dcc1c24-ac56-406b-8a16-ed8fac6e7d8e","block_type":"box","text":"(a)","page_number":29,"box":{"x":880,"y":141,"width":8,"height":5}},{"id":"2dd3c66e-49d2-46f3-b9d0-db84811164b3","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":909,"y":131,"width":49,"height":6}},{"id":"70d7ffec-adaf-44c3-8215-8f5896d72463","block_type":"box","text":"12/31/21","page_number":29,"box":{"x":922,"y":142,"width":35,"height":7}},{"id":"9c283d18-c3ae-493f-ad38-10eb5fb21942","block_type":"box","text":"Net asset value, beginning of period","page_number":29,"box":{"x":31,"y":161,"width":187,"height":10}},{"id":"dd848c6a-46a0-4048-9803-c3d1b40aee19","block_type":"box","text":"................................................","page_number":29,"box":{"x":221,"y":168,"width":237,"height":1}},{"id":"b910977f-5788-446f-aa7b-eda23ae2ad5c","block_type":"box","text":"$ 8.18 $ 8.47 $ 8.63 $ 8.48 $ 9.96 $ 10.41","page_number":29,"box":{"x":512,"y":161,"width":445,"height":9}},{"id":"744b3c8d-c244-43e9-b611-17e5e3f3ba3c","block_type":"box","text":"Net investment income","page_number":29,"box":{"x":44,"y":179,"width":111,"height":7}},{"id":"3567fe07-f0ab-4958-a0d2-363d33df1d60","block_type":"box","text":"(b)","page_number":29,"box":{"x":156,"y":177,"width":9,"height":6}},{"id":"0925ec0d-d1e7-4ed1-a021-48eecfb4415f","block_type":"box","text":"..........................................................","page_number":29,"box":{"x":170,"y":185,"width":288,"height":1}},{"id":"871e158b-8741-48ae-be46-2bae5a426e0f","block_type":"box","text":"0.36 0.71 0.81 0.88 0.63 0.55","page_number":29,"box":{"x":537,"y":179,"width":421,"height":7}},{"id":"93d89ffb-6e75-4859-b0b1-f593375396e8","block_type":"box","text":"Net realized and unrealized gain (loss)","page_number":29,"box":{"x":44,"y":191,"width":187,"height":10}},{"id":"da9e9d6c-8033-4ae4-84ea-a119ab9ed6c8","block_type":"box","text":".............................................","page_number":29,"box":{"x":236,"y":198,"width":222,"height":1}},{"id":"c670a5cc-9aed-437f-a8c7-4d9da8eaa2bd","block_type":"box","text":"(0.20) (0.25) (0.14) 0.13 (1.43) (0.28)","page_number":29,"box":{"x":533,"y":191,"width":429,"height":10}},{"id":"c19db6a6-ce23-4d0a-bd68-122283df646b","block_type":"box","text":"Net increase (decrease) from investment operations","page_number":29,"box":{"x":31,"y":209,"width":252,"height":10}},{"id":"0f9f85f3-9da0-4b8f-84e0-4700d4a6b95f","block_type":"box","text":"...................................","page_number":29,"box":{"x":286,"y":215,"width":172,"height":1}},{"id":"51009e3f-d3d5-49c1-bb5d-80976f800c1f","block_type":"box","text":"0.16 0.46 0.67 1.01 (0.80) 0.27","page_number":29,"box":{"x":537,"y":209,"width":421,"height":10}},{"id":"5bde8705-52b6-4ddc-8463-816aa43b0e0d","block_type":"box","text":"Distributions","page_number":29,"box":{"x":31,"y":229,"width":66,"height":7}},{"id":"38821bff-f8ef-4de7-9ac7-f11bf95737bf","block_type":"box","text":"(c)","page_number":29,"box":{"x":98,"y":227,"width":9,"height":7}},{"id":"db51319a-d227-4d6d-941b-cf858035f293","block_type":"box","text":"From net investment income","page_number":29,"box":{"x":44,"y":242,"width":138,"height":7}},{"id":"d212e323-49a0-469a-b8c4-55e23944a681","block_type":"box","text":".......................................................","page_number":29,"box":{"x":185,"y":248,"width":273,"height":1}},{"id":"88f9afa5-05c6-4b68-9a15-1efd29e13331","block_type":"box","text":"(0.36)","page_number":29,"box":{"x":533,"y":242,"width":28,"height":9}},{"id":"cb3a3e0f-478e-44e6-984e-a699c2d29fd3","block_type":"box","text":"(d)","page_number":29,"box":{"x":562,"y":240,"width":9,"height":6}},{"id":"2b3f53b5-1231-43ad-abea-f654227cffac","block_type":"box","text":"(0.75) (0.83) (0.86) (0.68) (0.67)","page_number":29,"box":{"x":613,"y":242,"width":349,"height":9}},{"id":"f42429ae-bab1-45bb-b411-7a9818a9b764","block_type":"box","text":"From net realized gain","page_number":29,"box":{"x":44,"y":255,"width":108,"height":9}},{"id":"bf4d055d-e152-4a8a-a2b2-2c1ef51f85e2","block_type":"box","text":".............................................................","page_number":29,"box":{"x":155,"y":261,"width":303,"height":1}},{"id":"780d1577-3085-4a2d-a5f0-96abde70f096","block_type":"box","text":"— — — — — (0","page_number":29,"box":{"x":547,"y":255,"width":396,"height":9}},{"id":"2f409678-ca23-4fd0-b08e-3a2ed2675108","block_type":"box","text":".05)","page_number":29,"box":{"x":944,"y":255,"width":18,"height":9}},{"id":"ad51697f-0238-4cdf-92ff-14006d53d2ec","block_type":"box","text":"Return of capital","page_number":29,"box":{"x":44,"y":268,"width":79,"height":9}},{"id":"1f16a192-b5dd-4b0b-ba7a-dbb7e6393c98","block_type":"box","text":"...................................................................","page_number":29,"box":{"x":125,"y":274,"width":333,"height":1}},{"id":"5f73c3d3-f63f-4036-b9d3-9b2a5617fa37","block_type":"box","text":"— — — (0.00)","page_number":29,"box":{"x":547,"y":268,"width":254,"height":9}},{"id":"cbf17516-0076-4549-adb3-78217bd7a9d4","block_type":"box","text":"(e)","page_number":29,"box":{"x":802,"y":266,"width":10,"height":6}},{"id":"7c4b1eb8-65c6-492c-832e-e35910e17ca5","block_type":"box","text":"——","page_number":29,"box":{"x":867,"y":272,"width":92,"height":1}},{"id":"a0e3e806-2559-4112-93fa-8ead1e5576a7","block_type":"box","text":"Total distributions","page_number":29,"box":{"x":30,"y":285,"width":84,"height":8}},{"id":"0afa42da-e357-443f-bafd-4105e26f0158","block_type":"box","text":"....................................................................","page_number":29,"box":{"x":120,"y":291,"width":338,"height":1}},{"id":"9aaef610-1555-4dda-9870-02389f56b041","block_type":"box","text":"(0.36) (0.75) (0.83) (0.86) (0.68) (0.72)","page_number":29,"box":{"x":533,"y":285,"width":429,"height":10}},{"id":"d4627df5-f193-4455-977d-7e53b4fb7b70","block_type":"box","text":"Net asset value, end of period","page_number":29,"box":{"x":31,"y":306,"width":154,"height":10}},{"id":"a12dd9a5-7795-4a6c-b99a-8de6427e3354","block_type":"box","text":"......................................................","page_number":29,"box":{"x":190,"y":313,"width":268,"height":1}},{"id":"03ecaa95-4077-41b0-bfbd-37eabf1046af","block_type":"box","text":"$ 7.98 $ 8.18 $ 8.47 $ 8.63 $ 8.48 $ 9.96","page_number":29,"box":{"x":512,"y":306,"width":446,"height":9}},{"id":"77727329-5c5b-428b-9b85-ab069a6e9395","block_type":"box","text":"Total Return","page_number":29,"box":{"x":30,"y":341,"width":63,"height":8}},{"id":"c81c44ec-f7de-40ca-9fd0-ffe946813d49","block_type":"box","text":"(f)","page_number":29,"box":{"x":94,"y":340,"width":7,"height":6}},{"id":"3848f562-fe81-4e9f-8232-f9d642d11b4a","block_type":"box","text":"Based on net asset value","page_number":29,"box":{"x":31,"y":354,"width":122,"height":8}},{"id":"c3b5477c-c002-4839-887c-81f33b15b7b5","block_type":"box","text":".............................................................","page_number":29,"box":{"x":155,"y":360,"width":303,"height":1}},{"id":"4366a0bb-e15b-4bcc-bf7e-956ed7d5e73e","block_type":"box","text":"2.03%","page_number":29,"box":{"x":536,"y":354,"width":31,"height":8}},{"id":"c60bd026-a647-4cd1-81d4-7616a2aa87ac","block_type":"box","text":"(g)","page_number":29,"box":{"x":568,"y":353,"width":9,"height":6}},{"id":"e4debf29-bd76-4689-87d4-b3025624a603","block_type":"box","text":"5.62% 8.06% 12.36% (8.17)% 2.58%","page_number":29,"box":{"x":617,"y":354,"width":351,"height":10}},{"id":"9db8f527-9a07-4748-b86e-f30dd8eef33b","block_type":"box","text":"Ratios to Average Net Assets","page_number":29,"box":{"x":31,"y":389,"width":151,"height":9}},{"id":"7bf99691-b2c1-48f3-98e8-c62d2e26688d","block_type":"box","text":"(h)","page_number":29,"box":{"x":183,"y":387,"width":10,"height":6}},{"id":"2eaafa81-ce95-4ec9-ba03-f0813fcf1f5c","block_type":"box","text":"Total expenses","page_number":29,"box":{"x":30,"y":402,"width":73,"height":9}},{"id":"ee97d915-82ab-4c97-b4e3-567e3915936a","block_type":"box","text":"(i)","page_number":29,"box":{"x":104,"y":400,"width":6,"height":6}},{"id":"624513b4-d1ec-454e-b362-126ce83e7e49","block_type":"box","text":".....................................................................","page_number":29,"box":{"x":115,"y":408,"width":343,"height":1}},{"id":"8e0e0c67-d10c-4ca0-bfb3-a37c43d606f0","block_type":"box","text":"2.00%","page_number":29,"box":{"x":536,"y":402,"width":31,"height":7}},{"id":"fb0fdda5-b7d1-4ef4-8508-7535eab209fa","block_type":"box","text":"(j)","page_number":29,"box":{"x":568,"y":400,"width":6,"height":6}},{"id":"d1efbf9b-9916-4838-8e81-0c0425081d96","block_type":"box","text":"1.87% 1.72% 2.00% 2.20%","page_number":29,"box":{"x":617,"y":402,"width":271,"height":7}},{"id":"dc79f649-4e76-42d3-a848-53f3d30db659","block_type":"box","text":"(k)","page_number":29,"box":{"x":889,"y":400,"width":8,"height":6}},{"id":"ce7cb911-a9ae-443b-82fe-96170b31115c","block_type":"box","text":"2.12%","page_number":29,"box":{"x":938,"y":402,"width":30,"height":7}},{"id":"4cc62206-62cc-4d45-a487-2910dabfebbb","block_type":"box","text":"Total expenses after fees waived and/or reimbursed","page_number":29,"box":{"x":30,"y":420,"width":251,"height":9}},{"id":"b4c7f9ec-3a08-40af-abd6-8cf0b4e3e798","block_type":"box","text":"...................................","page_number":29,"box":{"x":286,"y":426,"width":172,"height":1}},{"id":"26ed9730-ee2b-41f8-bc29-8fd88003e9fe","block_type":"box","text":"0.93%","page_number":29,"box":{"x":537,"y":420,"width":30,"height":7}},{"id":"faaeeca8-af69-4137-bfd6-a3cdc106cfda","block_type":"box","text":"(j)","page_number":29,"box":{"x":568,"y":418,"width":6,"height":6}},{"id":"2663d7a4-21c2-4f4c-99f4-f70ccee61c49","block_type":"box","text":"1.77% 1.71% 1.99% 2.19%","page_number":29,"box":{"x":617,"y":420,"width":271,"height":7}},{"id":"bc220d25-100b-41c4-80e6-ac499383a51f","block_type":"box","text":"(k)","page_number":29,"box":{"x":889,"y":418,"width":8,"height":6}},{"id":"4d99a018-1f2c-4a51-b53d-8ce89efff763","block_type":"box","text":"2.11%","page_number":29,"box":{"x":938,"y":420,"width":30,"height":7}},{"id":"96d25adf-afab-4899-8eed-ad18eb044ff9","block_type":"box","text":"Total expenses after fees waived and/or reimbursed and excluding interest expense and","page_number":29,"box":{"x":30,"y":438,"width":428,"height":9}},{"id":"895ab80b-8d2e-49af-a3d8-37df4da23d6a","block_type":"box","text":"fees and/or offering costs","page_number":29,"box":{"x":43,"y":451,"width":123,"height":9}},{"id":"5a814e40-772e-4470-865a-a67a5a60b107","block_type":"box","text":"..........................................................","page_number":29,"box":{"x":170,"y":457,"width":288,"height":1}},{"id":"2992c8f6-0eaa-4882-b62d-3f9f4b97f5cd","block_type":"box","text":"0.41%","page_number":29,"box":{"x":537,"y":451,"width":30,"height":7}},{"id":"0195d969-6824-4ee1-8c0a-605c8293e88a","block_type":"box","text":"(j)","page_number":29,"box":{"x":568,"y":449,"width":6,"height":6}},{"id":"709dee3b-8372-4912-bfa2-93458fbae232","block_type":"box","text":"1.29% 1.35% 1.36% 1.57%","page_number":29,"box":{"x":617,"y":451,"width":271,"height":7}},{"id":"fcf6b6a0-9647-4f96-972c-44cfe85d0e8f","block_type":"box","text":"(k)","page_number":29,"box":{"x":889,"y":449,"width":8,"height":6}},{"id":"285f6184-b71c-4944-9384-3c489a62bb29","block_type":"box","text":"1.66%","page_number":29,"box":{"x":938,"y":451,"width":30,"height":7}},{"id":"13438d68-2835-46d9-ba9f-c75822d862d6","block_type":"box","text":"Net investment income","page_number":29,"box":{"x":31,"y":469,"width":110,"height":7}},{"id":"fd62ab93-8844-4d75-8c47-e1d3ff54e434","block_type":"box","text":"...............................................................","page_number":29,"box":{"x":145,"y":475,"width":313,"height":1}},{"id":"95e8e30c-9a10-4b50-9e08-6f16d1001430","block_type":"box","text":"9.09%","page_number":29,"box":{"x":537,"y":469,"width":30,"height":7}},{"id":"00ba47bc-7313-41a7-bce3-e95f043b9035","block_type":"box","text":"(j)","page_number":29,"box":{"x":568,"y":467,"width":6,"height":6}},{"id":"f099b35b-2cff-4a48-b06a-29e3c18e7f95","block_type":"box","text":"8.54% 9.48% 10.15% 7.09% 5.30%","page_number":29,"box":{"x":617,"y":469,"width":351,"height":7}},{"id":"d884e139-63e4-4098-a11f-7a674adda7a1","block_type":"box","text":"Supplemental Data","page_number":29,"box":{"x":30,"y":503,"width":99,"height":10}},{"id":"4e8d48c5-bebd-4df2-a667-8b12719a4a80","block_type":"box","text":"Net assets, end of period (000)","page_number":29,"box":{"x":31,"y":516,"width":149,"height":10}},{"id":"fb36ed30-6e9e-4bd5-88a0-3ba01eb95eb5","block_type":"box","text":".......................................................","page_number":29,"box":{"x":185,"y":523,"width":273,"height":1}},{"id":"40ae3db0-2cc9-460f-b3e9-4c89345f6a27","block_type":"box","text":"$401,657 $423,034 $445,710 $321,744 $293,515 $ 285,729","page_number":29,"box":{"x":512,"y":516,"width":446,"height":9}},{"id":"5b5b8f3a-00fb-42cd-8d04-4ad731af48a7","block_type":"box","text":"Borrowings outstanding, end of period (000)","page_number":29,"box":{"x":31,"y":534,"width":212,"height":10}},{"id":"dfe0cbef-97e3-4176-bf90-2f74c6b07002","block_type":"box","text":"...........................................","page_number":29,"box":{"x":246,"y":541,"width":212,"height":1}},{"id":"b74454d5-4e87-4396-9dcc-7fe69c9227a1","block_type":"box","text":"$ 48,000 $ 20,000 $ 50,000 $ 7,450 $ 55,850 $ 73,250","page_number":29,"box":{"x":512,"y":534,"width":446,"height":9}},{"id":"21ca1aa4-14f3-4143-bb5a-99354d9ed8a6","block_type":"box","text":"Asset coverage, end of period per $1,000 of bank borrowings","page_number":29,"box":{"x":30,"y":552,"width":298,"height":10}},{"id":"d15ef603-6053-4304-928d-1947fe801ba0","block_type":"box","text":"..........................","page_number":29,"box":{"x":331,"y":559,"width":127,"height":1}},{"id":"cc9d98d7-18c2-49e1-a4cb-94d3debcc6c0","block_type":"box","text":"$ 11,805 $ 29,084 $ 13,126 $ 62,975 $ 8,699 $ 6,846","page_number":29,"box":{"x":512,"y":552,"width":446,"height":9}},{"id":"1fa5f5dd-db16-4b27-b19b-8d65705df93f","block_type":"box","text":"Portfolio turnover rate","page_number":29,"box":{"x":31,"y":570,"width":104,"height":8}},{"id":"3eb807ce-9cb2-4b72-bbdb-6093dcfba79a","block_type":"box","text":"................................................................","page_number":29,"box":{"x":140,"y":577,"width":318,"height":1}},{"id":"fb04cab6-95f7-4457-bf8a-cc7f3ac10546","block_type":"box","text":"28% 84% 45% 35% 55% 55%","page_number":29,"box":{"x":546,"y":570,"width":422,"height":8}},{"id":"50206313-c458-4293-9465-f7da5a6b36cb","block_type":"box","text":"(a)","page_number":29,"box":{"x":30,"y":595,"width":9,"height":6}},{"id":"8c5630c6-9692-4484-a973-a494ea89bb7a","block_type":"box","text":"Consolidated Financial Highlights.","page_number":29,"box":{"x":47,"y":596,"width":165,"height":10}},{"id":"5e9591e6-f0cc-46de-9bbf-012207022cd2","block_type":"box","text":"(b)","page_number":29,"box":{"x":30,"y":608,"width":9,"height":6}},{"id":"34c59e5d-25e9-4958-a86d-eec2b530ba86","block_type":"box","text":"Based on average shares outstanding.","page_number":29,"box":{"x":47,"y":609,"width":187,"height":10}},{"id":"6f2546ed-6034-4e2b-a384-82041c24c704","block_type":"box","text":"(c)","page_number":29,"box":{"x":30,"y":621,"width":9,"height":6}},{"id":"b8b76c2b-eb6c-4418-a518-6eaa81119c42","block_type":"box","text":"Distributions for annual periods determined in accordance with U.S. federal income tax regulations.","page_number":29,"box":{"x":47,"y":622,"width":481,"height":10}},{"id":"98f2dc08-bc1a-422c-b82b-c4753eda53b5","block_type":"box","text":"(d)","page_number":29,"box":{"x":30,"y":634,"width":9,"height":6}},{"id":"902e4cbe-9e7e-4cc1-bfe8-8310023404c2","block_type":"box","text":"A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end.","page_number":29,"box":{"x":47,"y":635,"width":630,"height":10}},{"id":"2ae2ac5d-c038-4ed8-a268-f03a2f7ac3e9","block_type":"box","text":"(e)","page_number":29,"box":{"x":30,"y":646,"width":9,"height":7}},{"id":"8be3adde-92ce-4ac2-8fb0-588fe0328155","block_type":"box","text":"Amount is greater than $(0.005) per share.","page_number":29,"box":{"x":47,"y":647,"width":207,"height":11}},{"id":"57540326-3dbb-4635-84f3-4d729568de53","block_type":"box","text":"(f)","page_number":29,"box":{"x":30,"y":659,"width":7,"height":6}},{"id":"bb651b21-b921-430a-8a53-614a906eb377","block_type":"box","text":"Where applicable, assumes the reinvestment of distributions. The Fund is a continuously offered closed-end fund, the Shares of which are offered at n","page_number":29,"box":{"x":47,"y":661,"width":727,"height":9}},{"id":"fa6cbff5-adfd-4703-8bf3-75c8fe809522","block_type":"box","text":"et asset value. No secondary market for","page_number":29,"box":{"x":775,"y":661,"width":194,"height":9}},{"id":"470a16e4-be44-4b06-b229-456ded4eea62","block_type":"box","text":"the Fund’s Shares exists.","page_number":29,"box":{"x":47,"y":672,"width":122,"height":8}},{"id":"c1c6a16d-b49e-4bcb-a04c-1786757fff7c","block_type":"box","text":"(g)","page_number":29,"box":{"x":30,"y":684,"width":9,"height":6}},{"id":"3cdf7a3b-5ea4-440b-82b4-cf2a62c4b68d","block_type":"box","text":"Not annualized.","page_number":29,"box":{"x":47,"y":685,"width":75,"height":8}},{"id":"0687bf94-88dd-45ed-a831-82818a4b1243","block_type":"box","text":"(h)","page_number":29,"box":{"x":30,"y":697,"width":9,"height":6}},{"id":"75a52674-9bbc-49d7-8c39-c45c434eee6e","block_type":"box","text":"Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.","page_number":29,"box":{"x":47,"y":698,"width":455,"height":10}},{"id":"d1c30747-84e0-4c34-9930-66bc70b974f4","block_type":"box","text":"(i)","page_number":29,"box":{"x":30,"y":710,"width":7,"height":6}},{"id":"5c8a7385-c1e3-4525-8b0c-65de9a500c2e","block_type":"box","text":"Includes recoupment of past waived and/or reimbursed fees. Excluding the recoupment of past waived and/or reimbursed fees, the expense ratios were a","page_number":29,"box":{"x":48,"y":711,"width":746,"height":10}},{"id":"e35f6be9-fafb-440d-a5c3-4eaa9a6d360e","block_type":"box","text":"s follows:","page_number":29,"box":{"x":795,"y":711,"width":44,"height":8}},{"id":"ccff092f-46e6-43a2-affa-f604f82d4374","block_type":"box","text":"Six Months Ended","page_number":29,"box":{"x":457,"y":732,"width":77,"height":6}},{"id":"04690667-ed44-4ac9-8c0b-0590912cf148","block_type":"box","text":"06/30/26","page_number":29,"box":{"x":499,"y":743,"width":36,"height":7}},{"id":"49f07f4a-9115-4b25-9f9b-4f3be35e3cb1","block_type":"box","text":"(a)","page_number":29,"box":{"x":536,"y":742,"width":9,"height":6}},{"id":"526792c8-e94a-4d1c-aaec-860a311d37ce","block_type":"box","text":"(unaudited)","page_number":29,"box":{"x":487,"y":755,"width":48,"height":8}},{"id":"6bd5e2d6-589d-4026-9f05-121799ebab4b","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":565,"y":743,"width":50,"height":7}},{"id":"692a5d62-a4bc-49a4-992f-24a475d09c7d","block_type":"box","text":"12/31/25","page_number":29,"box":{"x":580,"y":755,"width":36,"height":7}},{"id":"2d709aeb-e173-4cbb-a9e7-f4b1ff23da3e","block_type":"box","text":"(a)","page_number":29,"box":{"x":617,"y":754,"width":8,"height":5}},{"id":"7f4cd842-7087-4884-a305-6cfbf2fd26d9","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":657,"y":743,"width":49,"height":7}},{"id":"3b2c8034-7f39-42c0-9aad-315ae4073054","block_type":"box","text":"12/31/24","page_number":29,"box":{"x":670,"y":755,"width":36,"height":7}},{"id":"c62467bd-5042-4333-9667-777ad22e63bc","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":748,"y":743,"width":50,"height":7}},{"id":"fe786b6f-944b-48c7-9929-c938448f48a6","block_type":"box","text":"12/31/23","page_number":29,"box":{"x":763,"y":755,"width":36,"height":7}},{"id":"d24fbbad-fdf0-4036-a4ef-eb5fd1f947da","block_type":"box","text":"(a)","page_number":29,"box":{"x":800,"y":754,"width":8,"height":5}},{"id":"fb53b33b-e9b4-41fb-8a2e-a54838235ba9","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":828,"y":743,"width":50,"height":7}},{"id":"77039824-fea9-4e31-ad78-a2446fcf4fe7","block_type":"box","text":"12/31/22","page_number":29,"box":{"x":843,"y":755,"width":36,"height":7}},{"id":"7b9219d1-0888-491d-be5f-3790385ae993","block_type":"box","text":"(a)","page_number":29,"box":{"x":880,"y":754,"width":8,"height":5}},{"id":"c113d221-752d-4042-9d91-8e55943396ca","block_type":"box","text":"Year Ended","page_number":29,"box":{"x":909,"y":743,"width":49,"height":7}},{"id":"da6c2e6c-5965-4535-80b0-c9435385320d","block_type":"box","text":"12/31/21","page_number":29,"box":{"x":922,"y":755,"width":35,"height":7}},{"id":"fe002d8b-0da2-4ef1-b7c6-d879d5d37f83","block_type":"box","text":"Expense ratios","page_number":29,"box":{"x":47,"y":772,"width":72,"height":9}},{"id":"3581ff27-9c5b-44a4-b1fa-9f5fdd363177","block_type":"box","text":"...............................................................","page_number":29,"box":{"x":122,"y":778,"width":314,"height":1}},{"id":"08c1b75c-7550-4e74-bc06-e1ee2ea7f3a8","block_type":"box","text":"1.98% 1.87% N/A N/A 2.13% 1.93%","page_number":29,"box":{"x":515,"y":771,"width":453,"height":8}},{"id":"6a9f6d24-5022-4979-80be-c7f4ff03e8c6","block_type":"box","text":"(j)","page_number":29,"box":{"x":30,"y":795,"width":7,"height":6}},{"id":"599e897f-14d4-4fef-b0ae-972ace6ad34e","block_type":"box","text":"Annualized.","page_number":29,"box":{"x":46,"y":797,"width":57,"height":7}},{"id":"636d5178-5fa9-4300-8cec-c06cbe7a14ff","block_type":"box","text":"(k)","page_number":29,"box":{"x":30,"y":808,"width":9,"height":6}},{"id":"c6920ad8-f3cb-4b94-ae85-dd80e98ab7ed","block_type":"box","text":"Includes non-recurring expenses of offering costs. Without these costs, total expenses, total expenses after fees waived and/or reimbursed and tot","page_number":29,"box":{"x":47,"y":809,"width":765,"height":10}},{"id":"492df801-06fd-4517-974f-ae401d309463","block_type":"box","text":"al expenses after fees waived","page_number":29,"box":{"x":813,"y":809,"width":155,"height":10}},{"id":"048eb8f3-46b0-468c-8881-5d78ad9f340c","block_type":"box","text":"and/or reimbursed and excluding interest expense and fees would have been 2.18%, 2.18% and 1.55%, respectively.","page_number":29,"box":{"x":46,"y":821,"width":569,"height":10}},{"id":"361f1c72-7ddf-4970-9454-4fba8dab2bb2","block_type":"box","text":"See notes to consolidated financial statements.","page_number":29,"box":{"x":31,"y":842,"width":257,"height":8}},{"id":"2ba4d17a-fe68-4d41-b384-9464135d4054","block_type":"box","text":"Financial Highlights","page_number":29,"box":{"x":31,"y":28,"width":165,"height":17}},{"id":"2c204005-e613-47ec-a6d0-eba6e7e9272c","block_type":"box","text":"(For a share outstanding throughout each period)","page_number":29,"box":{"x":30,"y":49,"width":269,"height":11}},{"id":"41f7eea6-2a89-4c07-acaa-a2123ae26f18","block_type":"box","text":"F","page_number":29,"box":{"x":31,"y":967,"width":5,"height":7}},{"id":"3554432e-c9b5-4ecf-81ce-d377a739ae79","block_type":"box","text":"INANCIAL","page_number":29,"box":{"x":41,"y":969,"width":62,"height":5}},{"id":"2593449e-7b79-4279-b66b-51c9e45f2a45","block_type":"box","text":"H","page_number":29,"box":{"x":115,"y":967,"width":6,"height":7}},{"id":"69235c6c-609d-4ccd-bb73-25cf53089a4f","block_type":"box","text":"IGHLIGHTS","page_number":29,"box":{"x":127,"y":969,"width":72,"height":5}},{"id":"5207e8c6-57f4-412f-87d4-5c23051b6030","block_type":"box","text":"NM0826U-5876566-29/56","page_number":29,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"65db70e9-4656-4a13-8ae6-63bb752012b4","block_type":"box","text":"29","page_number":29,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"df13a0de-54f3-4de5-a45d-c01145a35eb8","block_type":"box","text":"BlackRock HPS Credit Strategies Fund (continued)","page_number":30,"box":{"x":611,"y":86,"width":217,"height":9}},{"id":"20c873cb-4644-44d1-b9c8-36ba178e183e","block_type":"box","text":"Class A","page_number":30,"box":{"x":703,"y":103,"width":32,"height":6}},{"id":"99bc9830-4b90-404b-bf77-ae32f06e2aa1","block_type":"box","text":"Six Months Ended","page_number":30,"box":{"x":480,"y":119,"width":77,"height":7}},{"id":"854adac9-71f2-485d-856b-a715c7e4142d","block_type":"box","text":"06/30/26","page_number":30,"box":{"x":521,"y":131,"width":37,"height":6}},{"id":"fa6179bc-eecf-46cf-a3b3-2c6e02b66918","block_type":"box","text":"(a)","page_number":30,"box":{"x":559,"y":129,"width":8,"height":6}},{"id":"e3ad3854-6620-41fa-af2c-a8b17c46033c","block_type":"box","text":"(unaudited)","page_number":30,"box":{"x":509,"y":142,"width":48,"height":9}},{"id":"ecc23d64-7af2-42b5-92cc-5a62312e24fc","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":588,"y":131,"width":49,"height":6}},{"id":"5eecd4f0-2578-4c7f-b708-4ffbea47276f","block_type":"box","text":"12/31/25","page_number":30,"box":{"x":602,"y":142,"width":36,"height":7}},{"id":"4a6c8f54-056f-49c9-91b8-63824550019e","block_type":"box","text":"(a)","page_number":30,"box":{"x":639,"y":141,"width":8,"height":5}},{"id":"e11a00eb-03c8-4d37-9de5-5dfed87746d2","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":668,"y":131,"width":49,"height":6}},{"id":"cd1417bf-ecfc-44b0-ab22-064f09a833c1","block_type":"box","text":"12/31/24","page_number":30,"box":{"x":682,"y":142,"width":36,"height":7}},{"id":"d17db45a-098b-40be-aa43-b062b023c734","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":748,"y":131,"width":50,"height":6}},{"id":"17e44b98-9ccc-42d4-bf50-09b24aef58c5","block_type":"box","text":"12/31/23","page_number":30,"box":{"x":763,"y":142,"width":36,"height":7}},{"id":"61f0a7c7-671a-4b20-83f2-83b3f04d40ae","block_type":"box","text":"(a)","page_number":30,"box":{"x":800,"y":141,"width":8,"height":5}},{"id":"04f76066-2055-47b5-9a31-0e8a2b85dd1c","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":828,"y":131,"width":50,"height":6}},{"id":"a29fa33f-2f63-4ce8-b670-59adec94c71a","block_type":"box","text":"12/31/22","page_number":30,"box":{"x":843,"y":142,"width":36,"height":7}},{"id":"41786ff9-1280-4386-a393-640a3bc37603","block_type":"box","text":"(a)","page_number":30,"box":{"x":880,"y":141,"width":8,"height":5}},{"id":"c5be36f5-708c-4f14-8080-ca6b7a2372b0","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":909,"y":131,"width":49,"height":6}},{"id":"1854ae2c-50cb-4ca4-955c-88939b768829","block_type":"box","text":"12/31/21","page_number":30,"box":{"x":922,"y":142,"width":35,"height":7}},{"id":"97c813b8-9776-4be1-b927-ee43a3c4d643","block_type":"box","text":"Net asset value, beginning of period","page_number":30,"box":{"x":31,"y":161,"width":187,"height":10}},{"id":"298984da-783f-42c2-9d4d-8cf8aac65249","block_type":"box","text":"................................................","page_number":30,"box":{"x":221,"y":168,"width":237,"height":1}},{"id":"294f26e8-64cd-4a09-be8e-4236d604d0f7","block_type":"box","text":"$ 8.22 $ 8.50 $ 8.65 $ 8.50 $ 9.97 $ 10.42","page_number":30,"box":{"x":518,"y":161,"width":440,"height":9}},{"id":"6f35ac77-c137-4dbc-9b43-12fbdde146fc","block_type":"box","text":"Net investment income","page_number":30,"box":{"x":44,"y":179,"width":111,"height":7}},{"id":"765072f3-6537-4272-8bf2-e3f8f067d4cf","block_type":"box","text":"(b)","page_number":30,"box":{"x":156,"y":177,"width":9,"height":6}},{"id":"836adcd1-9366-4f05-a7c9-e534c44182e9","block_type":"box","text":"..........................................................","page_number":30,"box":{"x":170,"y":185,"width":288,"height":1}},{"id":"836204ab-f931-41d4-b6c7-4a87d99967bd","block_type":"box","text":"0.34 0.66 0.76 0.82 0.57 0.47","page_number":30,"box":{"x":537,"y":179,"width":421,"height":7}},{"id":"f3fac046-0dfd-4d80-85bd-68a6e2eddc7e","block_type":"box","text":"Net realized and unrealized gain (loss)","page_number":30,"box":{"x":44,"y":191,"width":187,"height":10}},{"id":"41e8e229-03d7-4a1d-8d95-806b94f26b76","block_type":"box","text":".............................................","page_number":30,"box":{"x":236,"y":198,"width":222,"height":1}},{"id":"de2980d8-cc22-48eb-9115-cbf4385a1d91","block_type":"box","text":"(0.20) (0.25) (0.14) 0.13 (1.44) (0.28)","page_number":30,"box":{"x":533,"y":191,"width":429,"height":10}},{"id":"5842f43c-f70e-4ba9-be48-56b7133555e4","block_type":"box","text":"Net increase (decrease) from investment operations","page_number":30,"box":{"x":31,"y":209,"width":252,"height":10}},{"id":"972994eb-eccb-4dc0-abea-225fc97ba382","block_type":"box","text":"...................................","page_number":30,"box":{"x":286,"y":215,"width":172,"height":1}},{"id":"8a8f801e-39f7-414d-b2c2-f58c69474d09","block_type":"box","text":"0.14 0.41 0.62 0.95 (0.87) 0.19","page_number":30,"box":{"x":537,"y":209,"width":421,"height":10}},{"id":"38e75845-87df-4237-8f01-33b860e673a3","block_type":"box","text":"Distributions","page_number":30,"box":{"x":31,"y":229,"width":66,"height":7}},{"id":"e179bbe2-319b-4aef-b101-b3d0cd8f5118","block_type":"box","text":"(c)","page_number":30,"box":{"x":98,"y":227,"width":9,"height":7}},{"id":"352a062e-ef9a-477e-afe0-cd487aa63c9d","block_type":"box","text":"From net investment income","page_number":30,"box":{"x":44,"y":242,"width":138,"height":7}},{"id":"78823b9f-3168-4cf8-b0fa-51175cfbaa8d","block_type":"box","text":".......................................................","page_number":30,"box":{"x":185,"y":248,"width":273,"height":1}},{"id":"2ff12448-7000-4a95-badb-59f138bcac09","block_type":"box","text":"(0.33)","page_number":30,"box":{"x":533,"y":242,"width":28,"height":9}},{"id":"bf800ab5-6fbb-4778-ba7c-e57513ad7d24","block_type":"box","text":"(d)","page_number":30,"box":{"x":562,"y":240,"width":9,"height":6}},{"id":"4e414730-88a6-48ac-a822-05575ff9ab41","block_type":"box","text":"(0.69) (0.77) (0.80) (0.60) (0.59)","page_number":30,"box":{"x":613,"y":242,"width":349,"height":9}},{"id":"0b259be7-550c-45ac-839f-b8646524a688","block_type":"box","text":"From net realized gain","page_number":30,"box":{"x":44,"y":255,"width":108,"height":9}},{"id":"c54480fd-2791-41dc-b414-a9ddd611d5ba","block_type":"box","text":".............................................................","page_number":30,"box":{"x":155,"y":261,"width":303,"height":1}},{"id":"60945e31-4cbb-4f48-a1a5-333797db7259","block_type":"box","text":"— — — — — (0","page_number":30,"box":{"x":547,"y":255,"width":396,"height":9}},{"id":"d0061121-1f21-4024-bac6-87144dad435f","block_type":"box","text":".05)","page_number":30,"box":{"x":944,"y":255,"width":18,"height":9}},{"id":"08b9bef4-1b79-44c5-b3eb-aae7eab2d209","block_type":"box","text":"Return of capital","page_number":30,"box":{"x":44,"y":268,"width":79,"height":9}},{"id":"0df85ec8-2c92-423d-82c3-ec2691162e5b","block_type":"box","text":"...................................................................","page_number":30,"box":{"x":125,"y":274,"width":333,"height":1}},{"id":"836ca519-ed55-45e3-8ed8-3eda2cb93eb0","block_type":"box","text":"— — — (0.00)","page_number":30,"box":{"x":547,"y":268,"width":254,"height":9}},{"id":"fa1b8229-8fec-4795-b38c-39173756213f","block_type":"box","text":"(e)","page_number":30,"box":{"x":802,"y":266,"width":10,"height":6}},{"id":"d58eda96-8f3c-4965-8510-90435f4947c5","block_type":"box","text":"——","page_number":30,"box":{"x":867,"y":272,"width":92,"height":1}},{"id":"50b07263-fa8c-4b45-b428-295e54a952df","block_type":"box","text":"Total distributions","page_number":30,"box":{"x":30,"y":285,"width":84,"height":8}},{"id":"c5db3253-c78b-40cb-a613-75bb6ffb4831","block_type":"box","text":"....................................................................","page_number":30,"box":{"x":120,"y":291,"width":338,"height":1}},{"id":"70f288bb-fcd0-4b43-aa16-4d072169a086","block_type":"box","text":"(0.33) (0.69) (0.77) (0.80) (0.60) (0.64)","page_number":30,"box":{"x":533,"y":285,"width":429,"height":10}},{"id":"5d9234bb-d05e-4fcf-9683-dd12cf30f96e","block_type":"box","text":"Net asset value, end of period","page_number":30,"box":{"x":31,"y":306,"width":154,"height":10}},{"id":"817e4786-af56-487c-9774-04d2f3055d21","block_type":"box","text":"......................................................","page_number":30,"box":{"x":190,"y":313,"width":268,"height":1}},{"id":"6e0498d6-bae1-45bf-8bec-cfe309f4d3c3","block_type":"box","text":"$ 8.03 $ 8.22 $ 8.50 $ 8.65 $ 8.50 $ 9.97","page_number":30,"box":{"x":518,"y":306,"width":440,"height":9}},{"id":"742e0a9d-4442-468b-b759-451e8c1f7e7f","block_type":"box","text":"Total Return","page_number":30,"box":{"x":30,"y":341,"width":63,"height":8}},{"id":"84dc00c7-d0c8-47e4-a23d-de316b57cd19","block_type":"box","text":"(f)","page_number":30,"box":{"x":94,"y":340,"width":7,"height":6}},{"id":"c3eb79c5-1aab-4018-b173-8eb3a20a8f9b","block_type":"box","text":"Based on net asset value","page_number":30,"box":{"x":31,"y":354,"width":122,"height":8}},{"id":"2a15a525-91c8-4e5d-8931-2672b31931e9","block_type":"box","text":".............................................................","page_number":30,"box":{"x":155,"y":360,"width":303,"height":1}},{"id":"7d9ff0b6-b642-4ef9-a220-8f6d417b908d","block_type":"box","text":"1.75%","page_number":30,"box":{"x":537,"y":354,"width":30,"height":8}},{"id":"8644ec85-66cd-45fc-bc7b-6a2b253a1c08","block_type":"box","text":"(g)","page_number":30,"box":{"x":568,"y":353,"width":9,"height":6}},{"id":"673302b5-faaf-43ae-82c6-75bb889a385f","block_type":"box","text":"4.93% 7.44% 11.53% (8.87)% 1.82%","page_number":30,"box":{"x":616,"y":354,"width":352,"height":10}},{"id":"f53cfff7-18c5-4e2c-a7f8-830686d032f5","block_type":"box","text":"Ratios to Average Net Assets","page_number":30,"box":{"x":31,"y":389,"width":151,"height":9}},{"id":"0466d48c-94f5-4f70-bc5e-6571c789f44a","block_type":"box","text":"(h)","page_number":30,"box":{"x":183,"y":387,"width":10,"height":6}},{"id":"49956ce4-9e04-4537-91bc-5424c20b735a","block_type":"box","text":"Total expenses","page_number":30,"box":{"x":30,"y":402,"width":73,"height":9}},{"id":"f698c0ff-e840-41a0-b549-61ad64b00563","block_type":"box","text":"(i)","page_number":30,"box":{"x":104,"y":400,"width":6,"height":6}},{"id":"c9af57a3-609b-4fd6-967b-735faaaef119","block_type":"box","text":".....................................................................","page_number":30,"box":{"x":115,"y":408,"width":343,"height":1}},{"id":"dbff7f59-a62a-48e0-9cd1-5f21b62a9de2","block_type":"box","text":"2.65%","page_number":30,"box":{"x":536,"y":402,"width":31,"height":7}},{"id":"5954ff4d-cafa-4d7e-848e-17b5ed6ef842","block_type":"box","text":"(j)","page_number":30,"box":{"x":568,"y":400,"width":6,"height":6}},{"id":"018610d3-31ee-486e-9af2-9cd22ef9c390","block_type":"box","text":"2.54% 2.40% 2.71% 2.87%","page_number":30,"box":{"x":617,"y":402,"width":271,"height":7}},{"id":"411ed11b-02a3-47b7-a8d9-321c12f2d146","block_type":"box","text":"(k)","page_number":30,"box":{"x":889,"y":400,"width":8,"height":6}},{"id":"2554601e-4e94-4dc0-b75a-886806c94d77","block_type":"box","text":"2.84%","page_number":30,"box":{"x":938,"y":402,"width":30,"height":7}},{"id":"19393167-4c14-470e-9f62-80f66084e759","block_type":"box","text":"Total expenses after fees waived and/or reimbursed","page_number":30,"box":{"x":30,"y":420,"width":251,"height":9}},{"id":"c39c5882-3a11-4553-8c04-605e5778edd5","block_type":"box","text":"...................................","page_number":30,"box":{"x":286,"y":426,"width":172,"height":1}},{"id":"a6ca7bff-7f08-4c7f-b0d4-1865ed67496a","block_type":"box","text":"1.58%","page_number":30,"box":{"x":537,"y":420,"width":30,"height":7}},{"id":"8fa243e8-f8c9-4925-94af-ed7a53d3c47f","block_type":"box","text":"(j)","page_number":30,"box":{"x":568,"y":418,"width":6,"height":6}},{"id":"86c473c2-70c6-4fdc-8261-571c0d3aac1f","block_type":"box","text":"2.45% 2.40% 2.70% 2.87%","page_number":30,"box":{"x":617,"y":420,"width":271,"height":7}},{"id":"63f3b657-7ae8-47a7-b573-bc2f315600b9","block_type":"box","text":"(k)","page_number":30,"box":{"x":889,"y":418,"width":8,"height":6}},{"id":"5179c67a-70d0-404e-b3a8-a0c1a2cbcd1e","block_type":"box","text":"2.82%","page_number":30,"box":{"x":938,"y":420,"width":30,"height":7}},{"id":"dbb8b9f4-c9dd-4321-a6be-83ab4ff9b613","block_type":"box","text":"Total expenses after fees waived and/or reimbursed and excluding interest expense and","page_number":30,"box":{"x":30,"y":438,"width":428,"height":9}},{"id":"a8cfa8e2-ac5f-406f-a0eb-f1890b0c362a","block_type":"box","text":"fees and/or offering costs","page_number":30,"box":{"x":43,"y":451,"width":123,"height":9}},{"id":"81a0b95f-af27-4015-8fa0-5e99f55abef0","block_type":"box","text":"..........................................................","page_number":30,"box":{"x":170,"y":457,"width":288,"height":1}},{"id":"96523016-6ded-432c-a1bd-3826d3063bdc","block_type":"box","text":"1.07%","page_number":30,"box":{"x":537,"y":451,"width":30,"height":7}},{"id":"3a423f0b-6872-4aa6-98c3-d61df1bc7978","block_type":"box","text":"(j)","page_number":30,"box":{"x":568,"y":449,"width":6,"height":6}},{"id":"6a14e045-1824-4af2-8083-72b5718714c5","block_type":"box","text":"1.97% 2.03% 2.06% 2.25%","page_number":30,"box":{"x":617,"y":451,"width":271,"height":7}},{"id":"fc9873d0-a74c-45a2-aa33-5024d0d54b26","block_type":"box","text":"(k)","page_number":30,"box":{"x":889,"y":449,"width":8,"height":6}},{"id":"26d9d98e-0470-4e5f-b0b4-f51584c590d8","block_type":"box","text":"2.39%","page_number":30,"box":{"x":938,"y":451,"width":30,"height":7}},{"id":"4f41d86a-3276-4ecb-a95e-e837efa7f0e4","block_type":"box","text":"Net investment income","page_number":30,"box":{"x":31,"y":469,"width":110,"height":7}},{"id":"34551ac5-e659-4446-80ff-74a01906514a","block_type":"box","text":"...............................................................","page_number":30,"box":{"x":145,"y":475,"width":313,"height":1}},{"id":"0f1c1bba-954e-4f0f-a8d8-a4e26f40f448","block_type":"box","text":"8.41%","page_number":30,"box":{"x":537,"y":469,"width":30,"height":7}},{"id":"b3b155ae-61a7-4cfa-9b40-7f9db70cdb07","block_type":"box","text":"(j)","page_number":30,"box":{"x":568,"y":467,"width":6,"height":6}},{"id":"ab3ee736-ea0c-4290-ae17-b0e04412b59b","block_type":"box","text":"7.86% 8.79% 9.45% 6.34% 4.57%","page_number":30,"box":{"x":617,"y":469,"width":351,"height":7}},{"id":"66d290de-6676-4b0c-a197-3576e86e65ea","block_type":"box","text":"Supplemental Data","page_number":30,"box":{"x":30,"y":503,"width":99,"height":10}},{"id":"f6522db9-b236-44de-9f25-3dc64b8259ab","block_type":"box","text":"Net assets, end of period (000)","page_number":30,"box":{"x":31,"y":516,"width":149,"height":10}},{"id":"373cd6e7-247b-42cc-b0fd-74040c62e9e6","block_type":"box","text":".......................................................","page_number":30,"box":{"x":185,"y":523,"width":273,"height":1}},{"id":"bdb521ff-f193-43e7-8dce-c4c9b314d114","block_type":"box","text":"$70,233 $88,750 $112,309 $95,592 $97,062 $ 116,182","page_number":30,"box":{"x":518,"y":516,"width":440,"height":9}},{"id":"0bd8e342-2302-4a41-9f68-b75c71e4b824","block_type":"box","text":"Borrowings outstanding, end of period (000)","page_number":30,"box":{"x":31,"y":534,"width":212,"height":10}},{"id":"e01dc6ba-7c32-45e3-9773-d359c8daed6c","block_type":"box","text":"...........................................","page_number":30,"box":{"x":246,"y":541,"width":212,"height":1}},{"id":"04c32c90-6d96-4dae-8ad3-e0c1b7eeb43f","block_type":"box","text":"$48,000 $20,000 $ 50,000 $ 7,450 $55,850 $ 73,250","page_number":30,"box":{"x":518,"y":534,"width":440,"height":9}},{"id":"1210c48e-4abd-4143-8e59-cd3204044a56","block_type":"box","text":"Asset coverage, end of period per $1,000 of bank borrowings","page_number":30,"box":{"x":30,"y":552,"width":298,"height":10}},{"id":"298692b2-a941-42dd-820b-75443a98d5c1","block_type":"box","text":"..........................","page_number":30,"box":{"x":331,"y":559,"width":127,"height":1}},{"id":"ddd07e82-a588-4b85-b55b-e90311e453b2","block_type":"box","text":"$11,805 $29,084 $ 13,126 $62,975 $ 8,699 $ 6,846","page_number":30,"box":{"x":518,"y":552,"width":440,"height":9}},{"id":"bd88e94a-6814-4f58-92d8-21aaf81773b9","block_type":"box","text":"Portfolio turnover rate","page_number":30,"box":{"x":31,"y":570,"width":104,"height":8}},{"id":"85360547-2c61-4f7a-a4ec-5bac61299d37","block_type":"box","text":"................................................................","page_number":30,"box":{"x":140,"y":577,"width":318,"height":1}},{"id":"c657f487-5651-4f58-91a3-8f5b92839c6c","block_type":"box","text":"28% 84% 45% 35% 55% 55%","page_number":30,"box":{"x":546,"y":570,"width":422,"height":8}},{"id":"5c1a0f2e-504c-4488-a229-e5d1ca9f7f7d","block_type":"box","text":"(a)","page_number":30,"box":{"x":30,"y":595,"width":9,"height":6}},{"id":"1e3a5552-fb33-4b9b-af31-67d807409980","block_type":"box","text":"Consolidated Financial Highlights.","page_number":30,"box":{"x":47,"y":596,"width":165,"height":10}},{"id":"71bb69ef-d969-4323-9daf-bfb002318937","block_type":"box","text":"(b)","page_number":30,"box":{"x":30,"y":608,"width":9,"height":6}},{"id":"2277f792-ce21-4251-a403-73f71480d234","block_type":"box","text":"Based on average shares outstanding.","page_number":30,"box":{"x":47,"y":609,"width":187,"height":10}},{"id":"d3fba87f-bfa4-42a9-b7b8-63d3537e7d0d","block_type":"box","text":"(c)","page_number":30,"box":{"x":30,"y":621,"width":9,"height":6}},{"id":"cefdaa9a-9894-45aa-adba-21044431f02e","block_type":"box","text":"Distributions for annual periods determined in accordance with U.S. federal income tax regulations.","page_number":30,"box":{"x":47,"y":622,"width":481,"height":10}},{"id":"749dbe51-56b4-4bcb-bfcd-1e9dade4d7c9","block_type":"box","text":"(d)","page_number":30,"box":{"x":30,"y":634,"width":9,"height":6}},{"id":"7c9a2d8d-f93f-4ec0-ae99-9c614e380269","block_type":"box","text":"A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end.","page_number":30,"box":{"x":47,"y":635,"width":630,"height":10}},{"id":"48ccd875-3aec-4ede-8bba-2aa40374cd2b","block_type":"box","text":"(e)","page_number":30,"box":{"x":30,"y":646,"width":9,"height":7}},{"id":"bc789c3b-77cd-4052-bdca-e31d43010e4f","block_type":"box","text":"Amount is greater than $(0.005) per share.","page_number":30,"box":{"x":47,"y":647,"width":207,"height":11}},{"id":"0276d565-0fdc-4981-b969-d13b5aad55f8","block_type":"box","text":"(f)","page_number":30,"box":{"x":30,"y":659,"width":7,"height":6}},{"id":"34ac9d93-e3c9-40d0-b7a2-0a4ecd5a585d","block_type":"box","text":"Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions. The Fund is a continuously offered closed","page_number":30,"box":{"x":47,"y":661,"width":719,"height":9}},{"id":"f02bab60-c1ad-4419-938b-dbefa656daf3","block_type":"box","text":"-end fund, the Shares of which are offered","page_number":30,"box":{"x":767,"y":661,"width":201,"height":9}},{"id":"a0918bc9-d8da-472f-8cf0-8e46ae70a459","block_type":"box","text":"at net asset value. No secondary market for the Fund’s Shares exists.","page_number":30,"box":{"x":47,"y":672,"width":339,"height":10}},{"id":"2e8f00fe-69f6-4705-beb5-5cb17c7add26","block_type":"box","text":"(g)","page_number":30,"box":{"x":30,"y":684,"width":9,"height":6}},{"id":"acab6447-eb3a-4b28-8909-cd5a88ff1257","block_type":"box","text":"Not annualized.","page_number":30,"box":{"x":47,"y":685,"width":75,"height":8}},{"id":"93d89cd7-0fd8-469d-91db-2a274b5448e0","block_type":"box","text":"(h)","page_number":30,"box":{"x":30,"y":697,"width":9,"height":6}},{"id":"31727a15-fa42-41e4-8f27-5272b90774b0","block_type":"box","text":"Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.","page_number":30,"box":{"x":47,"y":698,"width":455,"height":10}},{"id":"8c3958bc-9ee0-4616-8815-031e237c6581","block_type":"box","text":"(i)","page_number":30,"box":{"x":30,"y":710,"width":7,"height":6}},{"id":"5207c51a-23c5-4d7c-b07b-d91284e91de3","block_type":"box","text":"Includes recoupment of past waived and/or reimbursed fees. Excluding the recoupment of past waived and/or reimbursed fees, the expense ratios were a","page_number":30,"box":{"x":48,"y":711,"width":746,"height":10}},{"id":"b11c9f7d-c41f-4412-befe-9971eba21741","block_type":"box","text":"s follows:","page_number":30,"box":{"x":795,"y":711,"width":44,"height":8}},{"id":"171ca02c-33e1-4f0a-b6df-bbadf56e4291","block_type":"box","text":"Six Months Ended","page_number":30,"box":{"x":458,"y":732,"width":77,"height":6}},{"id":"db2ff8ba-50d9-4fec-ac1b-1748461dc6a8","block_type":"box","text":"06/30/26","page_number":30,"box":{"x":500,"y":743,"width":36,"height":7}},{"id":"203a7f3e-13ca-4a12-9841-679ecce824f8","block_type":"box","text":"(a)","page_number":30,"box":{"x":537,"y":742,"width":9,"height":6}},{"id":"e4eb2cbb-2dac-4f47-ac99-01bb4e97c729","block_type":"box","text":"(unaudited)","page_number":30,"box":{"x":488,"y":755,"width":48,"height":8}},{"id":"52e7f3c3-4ce8-4a53-b5ce-98e27f9de02c","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":571,"y":743,"width":50,"height":7}},{"id":"b9e6d12d-d852-4ece-8f6b-7e26cf0f6a9b","block_type":"box","text":"12/31/25","page_number":30,"box":{"x":586,"y":755,"width":36,"height":7}},{"id":"7b1fcbc1-b722-41d4-888c-187c5f38654c","block_type":"box","text":"(a)","page_number":30,"box":{"x":623,"y":754,"width":8,"height":5}},{"id":"bff30747-081d-4e12-9044-5ce7cfea62ad","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":663,"y":743,"width":49,"height":7}},{"id":"6c3f01fb-4e29-442d-8071-88ce5f7de054","block_type":"box","text":"12/31/24","page_number":30,"box":{"x":676,"y":755,"width":36,"height":7}},{"id":"19f30aa1-f5bf-43c4-8fa1-339e994d6232","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":748,"y":743,"width":50,"height":7}},{"id":"1d15f98d-6ea0-4de5-a3c4-cf4e5ea5fd41","block_type":"box","text":"12/31/23","page_number":30,"box":{"x":763,"y":755,"width":36,"height":7}},{"id":"15b57928-d93f-4579-bce4-5cc267750867","block_type":"box","text":"(a)","page_number":30,"box":{"x":800,"y":754,"width":8,"height":5}},{"id":"48436bf4-0953-4941-9fe1-547e65b19e13","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":828,"y":743,"width":50,"height":7}},{"id":"759cbfc0-8376-4fb6-ad61-49aad1813f6f","block_type":"box","text":"12/31/22","page_number":30,"box":{"x":843,"y":755,"width":36,"height":7}},{"id":"e43db369-fa16-4c74-b022-2e966bd8f9dc","block_type":"box","text":"(a)","page_number":30,"box":{"x":880,"y":754,"width":8,"height":5}},{"id":"d3c26fd1-224d-4db2-ad6a-446864310ef5","block_type":"box","text":"Year Ended","page_number":30,"box":{"x":909,"y":743,"width":49,"height":7}},{"id":"1b8f7d7a-abc0-47e5-8ee4-98f8d801d7b6","block_type":"box","text":"12/31/21","page_number":30,"box":{"x":922,"y":755,"width":35,"height":7}},{"id":"21bac94e-cfbf-4ce3-8ac3-4a0fbaa34346","block_type":"box","text":"Expense ratios","page_number":30,"box":{"x":47,"y":772,"width":72,"height":9}},{"id":"51a70361-fcca-4688-b1a4-503d141ac4ae","block_type":"box","text":"...............................................................","page_number":30,"box":{"x":123,"y":778,"width":314,"height":1}},{"id":"0e028b69-d6af-46aa-8206-c707b8ab3495","block_type":"box","text":"2.65% N/A N/A N/A 2.80% 2.65%","page_number":30,"box":{"x":515,"y":771,"width":453,"height":8}},{"id":"8b630183-7c64-4355-a64b-c35b1947f5f4","block_type":"box","text":"(j)","page_number":30,"box":{"x":30,"y":795,"width":7,"height":6}},{"id":"65db89e2-5b99-41e8-9be4-c72d4d81d545","block_type":"box","text":"Annualized.","page_number":30,"box":{"x":46,"y":797,"width":57,"height":7}},{"id":"08f3dee3-6423-42aa-b969-edf99d93e383","block_type":"box","text":"(k)","page_number":30,"box":{"x":30,"y":808,"width":9,"height":6}},{"id":"8a4a9a6d-2ed5-46e8-ae36-19571e3230e6","block_type":"box","text":"Includes non-recurring expenses of offering costs. Without these costs, total expenses, total expenses after fees waived and/or reimbursed and tot","page_number":30,"box":{"x":47,"y":809,"width":736,"height":10}},{"id":"dae6b22f-bb67-4724-9cb8-4098f8cdea83","block_type":"box","text":"al expenses after fees waived and/or","page_number":30,"box":{"x":784,"y":809,"width":185,"height":10}},{"id":"08cd47a2-f385-49e7-8ffe-2e3d9fc985b9","block_type":"box","text":"reimbursed and excluding interest expense and fees would have been 2.85%, 2.85% and 2.23%, respectively.","page_number":30,"box":{"x":47,"y":821,"width":534,"height":10}},{"id":"f3eea308-c10e-4157-bb29-8fa5f6036d92","block_type":"box","text":"See notes to consolidated financial statements.","page_number":30,"box":{"x":31,"y":842,"width":257,"height":8}},{"id":"e21a62c6-4ff4-40ac-bd3d-76e87948f8e8","block_type":"box","text":"Financial Highlights","page_number":30,"box":{"x":31,"y":28,"width":165,"height":17}},{"id":"fc3a2f3f-427f-40f4-bac5-ff289f35d8e6","block_type":"box","text":"(continued)","page_number":30,"box":{"x":201,"y":32,"width":61,"height":11}},{"id":"072bfd2e-af8d-42d6-bdc3-1bef23cccf29","block_type":"box","text":"(For a share outstanding throughout each period)","page_number":30,"box":{"x":30,"y":49,"width":269,"height":11}},{"id":"60248b9f-0583-48db-aaad-c302e9e6765c","block_type":"box","text":"30","page_number":30,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"be6e5be3-1227-4dc7-8c63-657c8db2efe9","block_type":"box","text":"2026","page_number":30,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"97519c04-dbd1-4650-86ff-dc3f08f3be0f","block_type":"box","text":"B","page_number":30,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"db4105b8-fe01-4e93-b40a-3a8c784b1fc3","block_type":"box","text":"LACK","page_number":30,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"971e6f12-0071-45fe-8a77-30d6517637ab","block_type":"box","text":"R","page_number":30,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"2c00f04d-6b5f-4514-93e5-6e8a68f39f38","block_type":"box","text":"OCK","page_number":30,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"899cc4bb-2226-4097-864f-a6e70f52211d","block_type":"box","text":"S","page_number":30,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"bf10a0ad-6013-4c08-b840-b18590de9e65","block_type":"box","text":"EMI","page_number":30,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"ac7f31c8-ab27-4503-a931-0ec770f5ccf1","block_type":"box","text":"-A","page_number":30,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"27ae0889-f2cf-41f3-9683-d5a7c58f143d","block_type":"box","text":"NNUAL","page_number":30,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"88650488-a414-4a64-890a-32dbd3fd92ba","block_type":"box","text":"NM0826U-5876566-30/56 R EPORT TO S HARE","page_number":30,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"0715ca4b-6d85-4f0d-8dab-0023a16913d6","block_type":"box","text":"NM\r\nR","page_number":30,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"da473daa-480e-46b2-a19f-f44033ed2366","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":30,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"3c4853ff-4a66-40ca-bfba-8872e0948dc2","block_type":"box","text":"66\r\nS","page_number":30,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"aa8fd4fc-7676-4734-b536-990fc50d5f17","block_type":"box","text":"-30/56 \r\nHAREHOLDERS","page_number":30,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"465f56c7-69d6-44d5-b877-9ac0f2fcde9a","block_type":"box","text":"BlackRock HPS Credit Strategies Fund (continued)","page_number":31,"box":{"x":709,"y":86,"width":217,"height":9}},{"id":"bef8f7db-739c-4073-b444-ca3748e5d4cb","block_type":"box","text":"Class J","page_number":31,"box":{"x":802,"y":103,"width":31,"height":6}},{"id":"8a507df0-7c0e-4ee4-855b-c611b8685049","block_type":"box","text":"Six Months Ended","page_number":31,"box":{"x":699,"y":119,"width":77,"height":7}},{"id":"41febd13-2fda-49b0-b296-d2e55309f04d","block_type":"box","text":"06/30/26","page_number":31,"box":{"x":740,"y":131,"width":37,"height":6}},{"id":"38796453-e2bd-49b2-9935-4f702ef7ffe0","block_type":"box","text":"(a)","page_number":31,"box":{"x":778,"y":129,"width":8,"height":6}},{"id":"7c9e42c0-d7ee-44bb-b792-f1d67f993b39","block_type":"box","text":"(unaudited)","page_number":31,"box":{"x":728,"y":142,"width":48,"height":9}},{"id":"06aca966-988f-4a97-be5e-e969e16af91f","block_type":"box","text":"Year Ended","page_number":31,"box":{"x":807,"y":131,"width":49,"height":6}},{"id":"d35d371c-2ca0-4ff3-87d3-784733804a5e","block_type":"box","text":"12/31/25","page_number":31,"box":{"x":821,"y":142,"width":36,"height":7}},{"id":"1bf25f54-226f-487d-9bef-f2a3953760e7","block_type":"box","text":"(a)","page_number":31,"box":{"x":858,"y":141,"width":8,"height":5}},{"id":"7b3bf2ba-5427-44e4-b1be-7ca70cf9b923","block_type":"box","text":"Period from","page_number":31,"box":{"x":888,"y":119,"width":48,"height":7}},{"id":"df5c1187-542d-4b5f-8199-7cf358d1f73f","block_type":"box","text":"11/19/24","page_number":31,"box":{"x":902,"y":131,"width":35,"height":6}},{"id":"3ee3d636-7aa0-4efb-b4de-fa1f67be5d1b","block_type":"box","text":"(b)","page_number":31,"box":{"x":938,"y":129,"width":9,"height":6}},{"id":"940b2502-f298-4dd7-8b41-db464bc5a881","block_type":"box","text":"to 12/31/24","page_number":31,"box":{"x":889,"y":142,"width":47,"height":7}},{"id":"16e01d96-dc45-44ee-9449-2d072ba926eb","block_type":"box","text":"Net asset value, beginning of period","page_number":31,"box":{"x":31,"y":161,"width":187,"height":10}},{"id":"f0eee47c-0f13-4767-b435-0bdd7378781b","block_type":"box","text":"...........................................................................................","page_number":31,"box":{"x":223,"y":168,"width":455,"height":1}},{"id":"4d29304e-61ac-4c72-af8b-9f5d29b96bf3","block_type":"box","text":"$ 8.20 $ 8.48 $ 8.63","page_number":31,"box":{"x":737,"y":161,"width":199,"height":9}},{"id":"bb666528-08ac-4a0f-8092-6eda9230d34b","block_type":"box","text":"Net investment income","page_number":31,"box":{"x":44,"y":179,"width":111,"height":7}},{"id":"39b69529-8deb-46e7-9d4e-3a7749f525c2","block_type":"box","text":"(c)","page_number":31,"box":{"x":156,"y":177,"width":8,"height":6}},{"id":"07753c54-4911-4512-a054-b19df7167c2b","block_type":"box","text":"......................................................................................................","page_number":31,"box":{"x":167,"y":185,"width":510,"height":1}},{"id":"402dc2d9-8469-44d1-b6d9-ebdd37acc204","block_type":"box","text":"0.35 0.68 0.08","page_number":31,"box":{"x":756,"y":179,"width":180,"height":7}},{"id":"5ed13c59-09f2-41df-aac1-c15cdc4937fe","block_type":"box","text":"Net realized and unrealized loss","page_number":31,"box":{"x":44,"y":192,"width":156,"height":7}},{"id":"adfa6766-9473-4f0f-afa8-345ad6e0a6f7","block_type":"box","text":"...............................................................................................","page_number":31,"box":{"x":203,"y":198,"width":474,"height":1}},{"id":"f3f549b3-fbe7-41ec-8968-0f280bc9428a","block_type":"box","text":"(0.20) (0.25) (0.11)","page_number":31,"box":{"x":752,"y":191,"width":188,"height":10}},{"id":"1f814b7a-42c7-43d0-bfb7-d83227912004","block_type":"box","text":"Net increase (decrease) from investment operations","page_number":31,"box":{"x":31,"y":209,"width":252,"height":10}},{"id":"d24012fb-fe08-4982-9d2d-d0cc5dff8c73","block_type":"box","text":"..............................................................................","page_number":31,"box":{"x":288,"y":215,"width":390,"height":1}},{"id":"300081fb-c810-4d36-910f-d03db253112c","block_type":"box","text":"0.15 0.43 (0.03)","page_number":31,"box":{"x":756,"y":209,"width":184,"height":10}},{"id":"111ae78b-0520-4d3a-b916-ce1b71bb346e","block_type":"box","text":"Distributions from net investment income","page_number":31,"box":{"x":31,"y":226,"width":197,"height":8}},{"id":"c94cc35d-5aab-48c8-a460-1f5ad248e3f1","block_type":"box","text":"(d)","page_number":31,"box":{"x":229,"y":225,"width":9,"height":6}},{"id":"e58d4e45-3e04-431c-a770-47826f0b9d0b","block_type":"box","text":".......................................................................................","page_number":31,"box":{"x":243,"y":233,"width":434,"height":1}},{"id":"119b3885-5ead-43aa-9c78-87c00faadb16","block_type":"box","text":"(0.34)","page_number":31,"box":{"x":752,"y":226,"width":28,"height":10}},{"id":"621200d9-619a-463e-b7d0-549d82793bab","block_type":"box","text":"(e)","page_number":31,"box":{"x":781,"y":225,"width":9,"height":6}},{"id":"17480c56-ed6f-4fff-bb2f-edd7aa427a22","block_type":"box","text":"(0.71) (0.12)","page_number":31,"box":{"x":832,"y":226,"width":108,"height":10}},{"id":"718a9cdc-7635-41da-ba3d-53aa1b968aae","block_type":"box","text":"Net asset value, end of period","page_number":31,"box":{"x":31,"y":248,"width":154,"height":9}},{"id":"1924a4ce-00ff-4ef6-9f81-fa959a7e0c44","block_type":"box","text":"..................................................................................................","page_number":31,"box":{"x":188,"y":254,"width":490,"height":1}},{"id":"4b9d5159-e94a-4598-8357-0abdb0d49ca8","block_type":"box","text":"$ 8.01 $ 8.20 $ 8.48","page_number":31,"box":{"x":737,"y":247,"width":199,"height":9}},{"id":"71992378-2ff1-4e3c-b54f-d04f29b29f13","block_type":"box","text":"Total Return","page_number":31,"box":{"x":30,"y":282,"width":63,"height":8}},{"id":"2890e7f2-6b52-4182-b24f-48ab9e01ad24","block_type":"box","text":"(f)","page_number":31,"box":{"x":94,"y":281,"width":7,"height":6}},{"id":"9dc90e2e-f2e9-40d1-adac-dec6904499ed","block_type":"box","text":"Based on net asset value","page_number":31,"box":{"x":31,"y":295,"width":122,"height":8}},{"id":"d38b983d-faed-4804-a01f-11f9edb618c3","block_type":"box","text":"........................................................................................................","page_number":31,"box":{"x":157,"y":302,"width":520,"height":1}},{"id":"4bdf21c1-4c34-4090-b638-2619a903c8cf","block_type":"box","text":"1.88%","page_number":31,"box":{"x":756,"y":295,"width":30,"height":8}},{"id":"5241b608-1cfa-4283-8061-b2371dbd8787","block_type":"box","text":"(g)","page_number":31,"box":{"x":787,"y":294,"width":9,"height":6}},{"id":"d3f4d1ca-1f48-4c7e-954c-7ff68baed7a1","block_type":"box","text":"5.20% (0.40)%","page_number":31,"box":{"x":836,"y":295,"width":114,"height":10}},{"id":"95bc8963-5537-4a86-bf0e-cb3f7d376ec2","block_type":"box","text":"(g)","page_number":31,"box":{"x":951,"y":294,"width":9,"height":6}},{"id":"254e505e-a665-4a2e-9eac-92cb3a0b101a","block_type":"box","text":"Ratios to Average Net Assets","page_number":31,"box":{"x":31,"y":330,"width":151,"height":10}},{"id":"335fed82-5a3b-433f-b117-d2bfd4e12d02","block_type":"box","text":"(h)","page_number":31,"box":{"x":183,"y":329,"width":10,"height":6}},{"id":"83a56423-b382-436d-892f-7390de70110c","block_type":"box","text":"Total expenses","page_number":31,"box":{"x":30,"y":343,"width":73,"height":10}},{"id":"c5ccdd73-20f6-457e-b8b7-29767f516f2c","block_type":"box","text":"..................................................................................................................","page_number":31,"box":{"x":107,"y":349,"width":570,"height":1}},{"id":"52e32728-c167-4038-a7aa-882b9c244634","block_type":"box","text":"2.41%","page_number":31,"box":{"x":755,"y":343,"width":31,"height":8}},{"id":"c0fd4f4e-2266-43fd-8a04-bc26d84d0a38","block_type":"box","text":"(i)","page_number":31,"box":{"x":787,"y":342,"width":6,"height":6}},{"id":"b72a0487-52e3-40af-920b-68b1ff6aea56","block_type":"box","text":"2.27% 2.71%","page_number":31,"box":{"x":836,"y":343,"width":110,"height":8}},{"id":"28cca494-0866-42aa-b547-9c0a3683a7ce","block_type":"box","text":"(i)(j)","page_number":31,"box":{"x":947,"y":342,"width":14,"height":6}},{"id":"56ce6bcb-8f83-4384-a42f-01927a0faf7e","block_type":"box","text":"Total expenses after fees waived and/or reimbursed","page_number":31,"box":{"x":30,"y":361,"width":251,"height":10}},{"id":"a065bf00-7dc0-4035-8a55-0c097a89d9e4","block_type":"box","text":"...............................................................................","page_number":31,"box":{"x":283,"y":367,"width":394,"height":2}},{"id":"a40eb30f-8787-4870-9953-a82bcbd3f1c8","block_type":"box","text":"1.34%","page_number":31,"box":{"x":756,"y":361,"width":30,"height":8}},{"id":"f2ca8215-7022-437c-850b-a3bd9750d98d","block_type":"box","text":"(i)","page_number":31,"box":{"x":787,"y":360,"width":6,"height":6}},{"id":"f808520b-cc83-40b6-8ebd-72c66d6d435c","block_type":"box","text":"2.17% 2.70%","page_number":31,"box":{"x":836,"y":361,"width":110,"height":8}},{"id":"263a1386-11fe-48f1-9086-c1a29a80cb31","block_type":"box","text":"(i)","page_number":31,"box":{"x":947,"y":360,"width":6,"height":6}},{"id":"2756cc08-ccd0-426d-8a68-535ed7076d4a","block_type":"box","text":"Total expenses after fees waived and/or reimbursed and excluding interest expense and fees and/or offering costs","page_number":31,"box":{"x":30,"y":379,"width":555,"height":10}},{"id":"c4b669bd-0dab-4bb0-b591-34eff1bd22ec","block_type":"box","text":"..................","page_number":31,"box":{"x":591,"y":385,"width":87,"height":2}},{"id":"40c16837-4b97-4a60-b6ed-1325188686e9","block_type":"box","text":"0.81%","page_number":31,"box":{"x":756,"y":379,"width":30,"height":8}},{"id":"4a75a522-bd88-4645-af1f-b5df3a0a3220","block_type":"box","text":"(i)","page_number":31,"box":{"x":787,"y":378,"width":6,"height":6}},{"id":"7f2bb243-b89a-458d-b221-2eb308fecdd5","block_type":"box","text":"1.69% 2.07%","page_number":31,"box":{"x":837,"y":379,"width":109,"height":8}},{"id":"26089fde-2d4a-4df5-a1bb-dab983774748","block_type":"box","text":"(i)","page_number":31,"box":{"x":947,"y":378,"width":6,"height":6}},{"id":"a8a66a69-c9a8-4271-93cb-7fa94aba76e3","block_type":"box","text":"Net investment income","page_number":31,"box":{"x":31,"y":397,"width":110,"height":8}},{"id":"b9ccb71c-36a8-4624-9588-d1ea8cd7e85a","block_type":"box","text":"..........................................................................................................","page_number":31,"box":{"x":147,"y":403,"width":530,"height":2}},{"id":"a1da02fd-9cab-4e9a-a9c9-eb583938a419","block_type":"box","text":"8.67%","page_number":31,"box":{"x":756,"y":397,"width":30,"height":8}},{"id":"5f488676-b659-4716-94d9-1541a3fed024","block_type":"box","text":"(i)","page_number":31,"box":{"x":787,"y":396,"width":6,"height":6}},{"id":"84a99975-9cf2-4ab4-933c-14c377f55ff2","block_type":"box","text":"8.13% 7.85%","page_number":31,"box":{"x":836,"y":397,"width":110,"height":8}},{"id":"06880262-644c-475b-a4dd-3319db1e1bed","block_type":"box","text":"Supplemental Data","page_number":31,"box":{"x":30,"y":432,"width":99,"height":9}},{"id":"658e3b4b-948c-4ff3-b139-013b74eaa7a5","block_type":"box","text":"Net assets, end of period (000)","page_number":31,"box":{"x":31,"y":445,"width":149,"height":9}},{"id":"b7e362ac-1b2d-432f-a162-5818e553dc94","block_type":"box","text":"...................................................................................................","page_number":31,"box":{"x":182,"y":451,"width":495,"height":1}},{"id":"5f83258b-af56-47dc-a38e-2605cb2293ec","block_type":"box","text":"$ 464 $ 475 $ 491","page_number":31,"box":{"x":737,"y":444,"width":198,"height":9}},{"id":"fc5f6ce4-629a-474a-ba39-9d3295bf30e7","block_type":"box","text":"Borrowings outstanding, end of period (000)","page_number":31,"box":{"x":31,"y":463,"width":212,"height":10}},{"id":"cbb17f06-3e13-45f6-b738-70aff5cabb31","block_type":"box","text":"......................................................................................","page_number":31,"box":{"x":248,"y":469,"width":429,"height":1}},{"id":"903efe79-a167-4f4b-ad75-d7c845cdba0d","block_type":"box","text":"$48,000 $20,000 $50,000","page_number":31,"box":{"x":737,"y":462,"width":199,"height":10}},{"id":"5157a0df-4bbf-494b-ba2f-d01941e52dd7","block_type":"box","text":"Asset coverage, end of period per $1,000 of bank borrowings","page_number":31,"box":{"x":30,"y":480,"width":298,"height":11}},{"id":"d20f9b7b-d683-48d9-bea9-f9eebd832920","block_type":"box","text":".....................................................................","page_number":31,"box":{"x":334,"y":487,"width":344,"height":1}},{"id":"ba77acee-6359-4606-8965-6f383b2bf0ce","block_type":"box","text":"$11,805 $29,084 $13,126","page_number":31,"box":{"x":737,"y":480,"width":199,"height":10}},{"id":"b4c28db4-94d5-48ed-bc65-c68316349dbe","block_type":"box","text":"Portfolio turnover rate","page_number":31,"box":{"x":31,"y":499,"width":104,"height":8}},{"id":"2cad9eff-5fb6-46a0-bfa3-d17faf159f45","block_type":"box","text":"............................................................................................................","page_number":31,"box":{"x":137,"y":505,"width":540,"height":1}},{"id":"7e0f3c36-f6d6-4181-88a9-93a3f032de06","block_type":"box","text":"28% 84% 45%","page_number":31,"box":{"x":765,"y":499,"width":181,"height":8}},{"id":"78c49958-d451-4cef-81f5-3e2940943117","block_type":"box","text":"(k)","page_number":31,"box":{"x":947,"y":498,"width":9,"height":6}},{"id":"4e60d424-0c73-47d1-85ac-d4261376129d","block_type":"box","text":"(a)","page_number":31,"box":{"x":30,"y":523,"width":9,"height":6}},{"id":"489dc32b-867d-4e73-b0f0-20c983a8bffb","block_type":"box","text":"Consolidated Financial Highlights.","page_number":31,"box":{"x":47,"y":525,"width":165,"height":9}},{"id":"5b8e0aed-430a-4aa8-8b8b-111ccc93ecfc","block_type":"box","text":"(b)","page_number":31,"box":{"x":30,"y":536,"width":9,"height":6}},{"id":"41dd7618-badd-4a58-8d33-c33e704613ee","block_type":"box","text":"Commencement of operations.","page_number":31,"box":{"x":47,"y":538,"width":149,"height":9}},{"id":"8b32c201-87ed-4780-a015-b703e24045f0","block_type":"box","text":"(c)","page_number":31,"box":{"x":30,"y":549,"width":9,"height":6}},{"id":"157d21be-a44e-49a6-891c-2befda93e214","block_type":"box","text":"Based on average shares outstanding.","page_number":31,"box":{"x":47,"y":551,"width":187,"height":9}},{"id":"267614b1-5c15-4b6b-822e-e8f3246d5dfc","block_type":"box","text":"(d)","page_number":31,"box":{"x":30,"y":562,"width":9,"height":6}},{"id":"a5e202e3-eacb-41ae-b3ec-89d36523e17e","block_type":"box","text":"Distributions for annual periods determined in accordance with U.S. federal income tax regulations.","page_number":31,"box":{"x":47,"y":563,"width":481,"height":10}},{"id":"d478cc39-993a-470f-9d06-dd2ea12503ec","block_type":"box","text":"(e)","page_number":31,"box":{"x":30,"y":575,"width":9,"height":6}},{"id":"94fbb357-2f19-4dec-a57d-864832faada7","block_type":"box","text":"A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end.","page_number":31,"box":{"x":47,"y":576,"width":630,"height":10}},{"id":"e9ebe215-f0e8-4149-bf02-72871a32dbdb","block_type":"box","text":"(f)","page_number":31,"box":{"x":30,"y":588,"width":7,"height":6}},{"id":"1fd5e3a8-f8e7-434a-94ed-9886bfffe5b5","block_type":"box","text":"Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions. The Fund is a continuously offered closed","page_number":31,"box":{"x":47,"y":589,"width":719,"height":10}},{"id":"5b90648b-9c04-47a5-b327-931bd0e529b5","block_type":"box","text":"-end fund, the Shares of which are offered","page_number":31,"box":{"x":767,"y":589,"width":201,"height":9}},{"id":"abbf15db-1ceb-482c-9e07-2d61bd6eae6b","block_type":"box","text":"at net asset value. No secondary market for the Fund’s Shares exists.","page_number":31,"box":{"x":47,"y":601,"width":339,"height":9}},{"id":"73be553f-0455-4436-bdea-86315d3bc574","block_type":"box","text":"(g)","page_number":31,"box":{"x":30,"y":612,"width":9,"height":6}},{"id":"a329e525-cd20-46c3-b8d9-e19cb0703e51","block_type":"box","text":"Not annualized.","page_number":31,"box":{"x":47,"y":614,"width":75,"height":7}},{"id":"293a77a8-d708-45a0-8546-711d715b6c3a","block_type":"box","text":"(h)","page_number":31,"box":{"x":30,"y":625,"width":9,"height":6}},{"id":"c38a6da8-9c3e-451d-8817-77629049ef5d","block_type":"box","text":"Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.","page_number":31,"box":{"x":47,"y":627,"width":455,"height":9}},{"id":"448fa9fc-a984-4f7f-af5d-8d6f2133ded4","block_type":"box","text":"(i)","page_number":31,"box":{"x":30,"y":638,"width":7,"height":6}},{"id":"15162598-41e7-494d-8eb6-a7e5f9d97671","block_type":"box","text":"Annualized.","page_number":31,"box":{"x":47,"y":640,"width":56,"height":7}},{"id":"c1398815-6247-4114-a6fc-f414fea4fc7d","block_type":"box","text":"(j)","page_number":31,"box":{"x":30,"y":651,"width":7,"height":6}},{"id":"b17ddf6e-3202-413c-8f6e-1dc369880dc8","block_type":"box","text":"Includes non-recurring expenses of offering costs. Without these costs, total expenses, total expenses after fees waived and/or reimbursed and tot","page_number":31,"box":{"x":48,"y":652,"width":735,"height":10}},{"id":"21a95dd2-4609-4513-84e8-00cf25dda808","block_type":"box","text":"al expenses after fees waived and/or","page_number":31,"box":{"x":784,"y":652,"width":185,"height":10}},{"id":"5e5e4ebc-6636-41b0-982b-a8cb93ebcd3b","block_type":"box","text":"reimbursed and excluding interest expense and fees would have been 2.69%, 2.68% and 2.05%, respectively.","page_number":31,"box":{"x":47,"y":664,"width":534,"height":10}},{"id":"a8dadc40-deb3-4d37-9e5c-598f66a7be9d","block_type":"box","text":"(k)","page_number":31,"box":{"x":30,"y":675,"width":9,"height":7}},{"id":"305249f3-dcb6-49f3-9fd4-1ad11dcf0f71","block_type":"box","text":"Portfolio turnover rate is representative of the Fund for the entire year.","page_number":31,"box":{"x":47,"y":677,"width":339,"height":10}},{"id":"b345bcdb-6e63-4323-a513-8d69a919071c","block_type":"box","text":"See notes to consolidated financial statements.","page_number":31,"box":{"x":31,"y":698,"width":257,"height":8}},{"id":"5d329688-c88d-4982-9015-d2405b0591fc","block_type":"box","text":"Financial Highlights","page_number":31,"box":{"x":31,"y":28,"width":165,"height":17}},{"id":"0ecc5dd6-72ab-4b41-b19e-ae8cc5eecd95","block_type":"box","text":"(continued)","page_number":31,"box":{"x":201,"y":32,"width":61,"height":11}},{"id":"bc6148ef-4af5-42cd-8410-85a1eda0706e","block_type":"box","text":"(For a share outstanding throughout each period)","page_number":31,"box":{"x":30,"y":49,"width":269,"height":11}},{"id":"da76c537-e558-4859-9920-2acac413b243","block_type":"box","text":"F","page_number":31,"box":{"x":31,"y":967,"width":5,"height":7}},{"id":"7218453a-b72d-43fe-a3a0-66fd9b593e23","block_type":"box","text":"INANCIAL","page_number":31,"box":{"x":41,"y":969,"width":62,"height":5}},{"id":"2f01fba6-aa34-4b0b-a198-92b512e5f0f2","block_type":"box","text":"H","page_number":31,"box":{"x":115,"y":967,"width":6,"height":7}},{"id":"0cbfd78f-3888-4dee-8596-d32b1f9dd659","block_type":"box","text":"IGHLIGHTS","page_number":31,"box":{"x":127,"y":969,"width":72,"height":5}},{"id":"7900cdb7-6514-4393-ba00-f1afd2af4ac6","block_type":"box","text":"NM0826U-5876566-31/56","page_number":31,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"6fd16aaa-1b98-471b-bd75-32dfeccc6add","block_type":"box","text":"31","page_number":31,"box":{"x":954,"y":965,"width":12,"height":9}},{"id":"4e738161-5e69-4fcc-98eb-0e887071999a","block_type":"box","text":"BlackRock HPS Credit Strategies Fund (continued)","page_number":32,"box":{"x":597,"y":86,"width":217,"height":9}},{"id":"8d206851-6349-477d-b3b6-b20c7742a904","block_type":"box","text":"Class U","page_number":32,"box":{"x":689,"y":103,"width":33,"height":6}},{"id":"8f795a98-7121-447b-83f5-177bf404f0a4","block_type":"box","text":"Six Months Ended","page_number":32,"box":{"x":467,"y":119,"width":77,"height":7}},{"id":"5cefb6e3-2685-4526-8ab1-1ec4e43e21c6","block_type":"box","text":"06/30/26","page_number":32,"box":{"x":508,"y":131,"width":37,"height":6}},{"id":"e644f735-0a03-496c-9e83-e17aa8a7824e","block_type":"box","text":"(a)","page_number":32,"box":{"x":546,"y":129,"width":8,"height":6}},{"id":"ad09e84f-e6d5-4f0c-b41c-dc3389712bc2","block_type":"box","text":"(unaudited)","page_number":32,"box":{"x":496,"y":142,"width":48,"height":9}},{"id":"d4541e7e-9048-41f7-b4af-b7099357cd12","block_type":"box","text":"Year Ended","page_number":32,"box":{"x":575,"y":131,"width":49,"height":6}},{"id":"34697425-4702-4278-83a2-080ace1affc8","block_type":"box","text":"12/31/25","page_number":32,"box":{"x":589,"y":142,"width":36,"height":7}},{"id":"64295a54-a646-4f74-a3de-ff0d85423733","block_type":"box","text":"(a)","page_number":32,"box":{"x":626,"y":141,"width":8,"height":5}},{"id":"6405cc27-ac73-43cc-9995-9e474a3440f2","block_type":"box","text":"Year Ended","page_number":32,"box":{"x":655,"y":131,"width":49,"height":6}},{"id":"1c331f18-6c99-4817-b801-01f7360a02d6","block_type":"box","text":"12/31/24","page_number":32,"box":{"x":668,"y":142,"width":36,"height":7}},{"id":"49858c34-eb40-4ac6-a703-0d0370ab9a6e","block_type":"box","text":"Year Ended","page_number":32,"box":{"x":735,"y":131,"width":49,"height":6}},{"id":"8d66282b-aa54-4f0b-ac86-0aec7d6c3ab9","block_type":"box","text":"12/31/23","page_number":32,"box":{"x":749,"y":142,"width":36,"height":7}},{"id":"575b89ff-a823-4ec7-9d4c-b6efed32a5d6","block_type":"box","text":"(a)","page_number":32,"box":{"x":786,"y":141,"width":9,"height":5}},{"id":"01886982-8bbf-4a5d-a994-a79d563f2b99","block_type":"box","text":"Year Ended","page_number":32,"box":{"x":815,"y":131,"width":50,"height":6}},{"id":"4aa978c6-97e3-4301-8e56-ddebb3c8e956","block_type":"box","text":"12/31/22","page_number":32,"box":{"x":830,"y":142,"width":36,"height":7}},{"id":"4045f5f9-db80-4df8-8638-2c53b09a0c99","block_type":"box","text":"(a)","page_number":32,"box":{"x":867,"y":141,"width":8,"height":5}},{"id":"d3038dbf-9ed4-4d14-bfa3-a5ed9c955040","block_type":"box","text":"Period from","page_number":32,"box":{"x":896,"y":119,"width":49,"height":7}},{"id":"72a952d1-f0b3-4914-954c-020f691e69f0","block_type":"box","text":"07/12/21","page_number":32,"box":{"x":909,"y":131,"width":35,"height":6}},{"id":"198b4dbd-9820-4bd2-b2b9-a9fb5de516a2","block_type":"box","text":"(b)","page_number":32,"box":{"x":947,"y":129,"width":8,"height":6}},{"id":"fe0adf61-36c6-4e69-a07c-965702adf3f4","block_type":"box","text":"to 12/31/21","page_number":32,"box":{"x":897,"y":142,"width":46,"height":7}},{"id":"0191138e-b503-4225-a7ab-112bc5bb8fda","block_type":"box","text":"Net asset value, beginning of period","page_number":32,"box":{"x":31,"y":161,"width":187,"height":10}},{"id":"44b4dca0-f29e-4141-b85c-3935237cf7d4","block_type":"box","text":".............................................","page_number":32,"box":{"x":222,"y":168,"width":223,"height":1}},{"id":"fc6eba04-52ef-4047-aa76-ccd8ab921cbb","block_type":"box","text":"$ 8.19 $ 8.48 $ 8.64 $ 8.50 $ 9.97 $ 10.51","page_number":32,"box":{"x":505,"y":161,"width":438,"height":9}},{"id":"4a02130e-329f-49c6-936a-65e06b490f63","block_type":"box","text":"Net investment income","page_number":32,"box":{"x":44,"y":179,"width":111,"height":7}},{"id":"cf30d652-f58a-487f-b14e-b2fd802a9751","block_type":"box","text":"(c)","page_number":32,"box":{"x":156,"y":177,"width":8,"height":6}},{"id":"e419f600-7098-4013-bfbe-5fd5921bebfe","block_type":"box","text":"........................................................","page_number":32,"box":{"x":167,"y":185,"width":278,"height":1}},{"id":"b35dfe1a-819b-4390-8160-c2a80c36de20","block_type":"box","text":"0.33 0.65 0.75 0.81 0.58 0.20","page_number":32,"box":{"x":523,"y":179,"width":422,"height":7}},{"id":"8823610b-31c0-4cc9-9e91-2f63a5b34f1a","block_type":"box","text":"Net realized and unrealized gain (loss)","page_number":32,"box":{"x":44,"y":191,"width":187,"height":10}},{"id":"ad9c9876-95ed-40ce-a499-f8232120ad65","block_type":"box","text":"...........................................","page_number":32,"box":{"x":232,"y":198,"width":213,"height":1}},{"id":"06974971-696c-48c8-926e-c8d6f5a85013","block_type":"box","text":"(0.19) (0.25) (0.14) 0.13 (1.45) (0.38)","page_number":32,"box":{"x":520,"y":191,"width":428,"height":10}},{"id":"03a76b7b-4962-4a3f-9523-f5ba0dbe288e","block_type":"box","text":"Net increase (decrease) from investment operations","page_number":32,"box":{"x":31,"y":209,"width":252,"height":10}},{"id":"3d928755-d8a3-4a64-9460-ed64832f9af3","block_type":"box","text":"................................","page_number":32,"box":{"x":288,"y":215,"width":157,"height":1}},{"id":"1eb1c58e-fac6-4272-a7a7-0cfe7728041e","block_type":"box","text":"0.14 0.40 0.61 0.94 (0.87) (0.18)","page_number":32,"box":{"x":523,"y":209,"width":425,"height":10}},{"id":"91535c39-e2e9-4c46-a10b-fa99cf13c93f","block_type":"box","text":"Distributions","page_number":32,"box":{"x":31,"y":229,"width":66,"height":7}},{"id":"16164929-72ae-41ab-8760-0e17038dd867","block_type":"box","text":"(d)","page_number":32,"box":{"x":98,"y":227,"width":10,"height":7}},{"id":"bc73d5dd-cdf3-4aec-b0b0-5a038a67a176","block_type":"box","text":"From net investment income","page_number":32,"box":{"x":44,"y":242,"width":138,"height":7}},{"id":"906f97b7-eb9a-4928-bc9a-10918390c372","block_type":"box","text":"....................................................","page_number":32,"box":{"x":187,"y":248,"width":258,"height":1}},{"id":"3c2ab424-9618-4f6f-8c71-44a2d33735d7","block_type":"box","text":"(0.33)","page_number":32,"box":{"x":520,"y":242,"width":27,"height":9}},{"id":"0fad73c4-7268-490f-8d91-be483c7be3a5","block_type":"box","text":"(e)","page_number":32,"box":{"x":548,"y":240,"width":10,"height":6}},{"id":"0f22b41d-b598-4ae4-b941-a25e33af3ef7","block_type":"box","text":"(0.69) (0.77) (0.80) (0.60) (0.31)","page_number":32,"box":{"x":600,"y":242,"width":348,"height":9}},{"id":"ece42237-77d6-469f-abc4-f8169976ad4c","block_type":"box","text":"From net realized gain","page_number":32,"box":{"x":44,"y":255,"width":108,"height":9}},{"id":"268e7463-74eb-4d13-a04c-b3a9a9ed94fd","block_type":"box","text":"..........................................................","page_number":32,"box":{"x":157,"y":261,"width":288,"height":1}},{"id":"36a827d1-cc69-4685-9659-3a8adc8c1527","block_type":"box","text":"—————","page_number":32,"box":{"x":533,"y":259,"width":332,"height":1}},{"id":"6e79c808-b02e-4551-85cf-d66086349944","block_type":"box","text":"(0.05)","page_number":32,"box":{"x":921,"y":255,"width":27,"height":9}},{"id":"94cb24ea-e515-4e05-adb3-cfc2ad501640","block_type":"box","text":"Return of capital","page_number":32,"box":{"x":44,"y":268,"width":79,"height":9}},{"id":"02b3133e-659f-43ee-b15a-409e829c407f","block_type":"box","text":"................................................................","page_number":32,"box":{"x":126,"y":274,"width":319,"height":1}},{"id":"f174bc79-6012-4db1-8c8b-9d81071fe7bc","block_type":"box","text":"— — — (0.00)","page_number":32,"box":{"x":533,"y":268,"width":255,"height":9}},{"id":"0f51c075-4198-43b0-80e9-1e3654c25c2a","block_type":"box","text":"(f)","page_number":32,"box":{"x":789,"y":266,"width":7,"height":6}},{"id":"1056682f-766f-4ec6-9544-62ed3fff4d1d","block_type":"box","text":"——","page_number":32,"box":{"x":854,"y":272,"width":91,"height":1}},{"id":"1986d7db-f913-4519-8acb-943582f74d40","block_type":"box","text":"Total distributions","page_number":32,"box":{"x":30,"y":285,"width":84,"height":8}},{"id":"7966938e-18cc-44e0-8762-4f4ccfc6adb1","block_type":"box","text":"..................................................................","page_number":32,"box":{"x":116,"y":291,"width":329,"height":1}},{"id":"d4852325-b73c-4244-bf8c-c96ef9898804","block_type":"box","text":"(0.33) (0.69) (0.77) (0.80) (0.60) (0.36)","page_number":32,"box":{"x":520,"y":285,"width":428,"height":10}},{"id":"922dec22-7fa3-4f2a-a309-7dd7d0d7031c","block_type":"box","text":"Net asset value, end of period","page_number":32,"box":{"x":31,"y":306,"width":154,"height":10}},{"id":"c02aa672-8e0e-4ebd-990a-ac73af1ff511","block_type":"box","text":"....................................................","page_number":32,"box":{"x":187,"y":313,"width":258,"height":1}},{"id":"8be9a303-a38f-47af-bb55-c79bcc89a6a6","block_type":"box","text":"$ 8.00 $ 8.19 $ 8.48 $ 8.64 $ 8.50 $ 9.97","page_number":32,"box":{"x":505,"y":306,"width":440,"height":9}},{"id":"bb7cc701-7329-48eb-8e97-48df09646e8a","block_type":"box","text":"Total Return","page_number":32,"box":{"x":30,"y":341,"width":63,"height":8}},{"id":"7bf0d892-2eba-42c1-9341-afd9b12e7a5f","block_type":"box","text":"(g)","page_number":32,"box":{"x":94,"y":340,"width":9,"height":6}},{"id":"94e61571-d0d2-4f7e-95fb-48cf86a6b287","block_type":"box","text":"Based on net asset value","page_number":32,"box":{"x":31,"y":354,"width":122,"height":8}},{"id":"53a57427-d9ee-49c9-90cb-b648e1ebc25d","block_type":"box","text":"..........................................................","page_number":32,"box":{"x":157,"y":360,"width":288,"height":1}},{"id":"6a9c94ab-a89a-4e44-9c73-f702371b7055","block_type":"box","text":"1.75%","page_number":32,"box":{"x":524,"y":354,"width":29,"height":8}},{"id":"c58012b6-93d9-432f-9726-93ffa63412f5","block_type":"box","text":"(h)","page_number":32,"box":{"x":555,"y":353,"width":9,"height":6}},{"id":"3916b5b7-60f8-45a7-8085-38fc8b90d9c7","block_type":"box","text":"4.82% 7.33% 11.41% (8.87)% (1.74)%","page_number":32,"box":{"x":603,"y":354,"width":355,"height":10}},{"id":"c3b3fc57-51f4-44e2-945d-7b8ccecc6165","block_type":"box","text":"(h)","page_number":32,"box":{"x":959,"y":353,"width":9,"height":6}},{"id":"d9b6c927-a62f-44a0-bff6-a803ddc498e8","block_type":"box","text":"Ratios to Average Net Assets","page_number":32,"box":{"x":31,"y":389,"width":151,"height":9}},{"id":"8dfa00cd-63fc-40b2-beab-78d4449518c2","block_type":"box","text":"(i)","page_number":32,"box":{"x":183,"y":387,"width":7,"height":6}},{"id":"300f4d1b-c903-45e5-9c7f-d18fdc90e85f","block_type":"box","text":"Total expenses","page_number":32,"box":{"x":30,"y":402,"width":73,"height":9}},{"id":"45c3d502-f7ac-492b-bda9-482ae1aa1cf0","block_type":"box","text":"(j)","page_number":32,"box":{"x":104,"y":400,"width":6,"height":6}},{"id":"8c5b57e3-ca8f-4adc-8c00-69af47d1267e","block_type":"box","text":"..................................................................","page_number":32,"box":{"x":116,"y":408,"width":329,"height":1}},{"id":"f1a4eaa5-1323-48da-99d3-9f0cb15c217b","block_type":"box","text":"2.79%","page_number":32,"box":{"x":523,"y":402,"width":30,"height":7}},{"id":"d9813fad-cb1e-4585-b507-a249a35e4d6c","block_type":"box","text":"(k)","page_number":32,"box":{"x":555,"y":400,"width":8,"height":6}},{"id":"2592f505-186a-4055-bc87-74ae1774bbcb","block_type":"box","text":"2.65% 2.46% 2.81% 2.88%","page_number":32,"box":{"x":603,"y":402,"width":271,"height":7}},{"id":"d875dd69-6824-49cb-bbac-08f8ad3bec27","block_type":"box","text":"(l)","page_number":32,"box":{"x":876,"y":400,"width":6,"height":6}},{"id":"c2c8b836-4348-4789-87db-b13c896302ca","block_type":"box","text":"2.80%","page_number":32,"box":{"x":924,"y":402,"width":30,"height":7}},{"id":"f49a1c60-9405-4ded-a354-e85cc5a64850","block_type":"box","text":"(k)","page_number":32,"box":{"x":956,"y":400,"width":8,"height":6}},{"id":"26467bc0-fcc8-46ba-a7f7-a9e029a58c53","block_type":"box","text":"Total expenses after fees waived and/or reimbursed","page_number":32,"box":{"x":30,"y":420,"width":251,"height":9}},{"id":"73d76834-898e-455d-98b7-5bf11b9dbf57","block_type":"box","text":"................................","page_number":32,"box":{"x":288,"y":426,"width":157,"height":1}},{"id":"03534389-121f-4543-8310-1b06ee89b37c","block_type":"box","text":"1.71%","page_number":32,"box":{"x":524,"y":420,"width":29,"height":7}},{"id":"87fc1378-4c8f-4066-bd1a-ec1c5dad69c6","block_type":"box","text":"(k)","page_number":32,"box":{"x":555,"y":418,"width":8,"height":6}},{"id":"7bb7660e-764d-44fb-9076-a7c1da867efb","block_type":"box","text":"2.54% 2.45% 2.80% 2.88%","page_number":32,"box":{"x":603,"y":420,"width":271,"height":7}},{"id":"4ecf2cc3-172e-4242-bdb3-6fb4ba586002","block_type":"box","text":"(l)","page_number":32,"box":{"x":876,"y":418,"width":6,"height":6}},{"id":"1e445107-b2cb-4922-a4f6-36fdd3227c6c","block_type":"box","text":"2.80%","page_number":32,"box":{"x":924,"y":420,"width":30,"height":7}},{"id":"2b94dacd-5be2-4d75-8770-a5ec59a0cd86","block_type":"box","text":"(k)","page_number":32,"box":{"x":956,"y":418,"width":8,"height":6}},{"id":"f17c9bbd-3510-4d30-99d2-fe04cd6e9fe6","block_type":"box","text":"Total expenses after fees waived and/or reimbursed and excluding interest expense","page_number":32,"box":{"x":30,"y":438,"width":407,"height":9}},{"id":"8cfe80ac-8abe-4544-bcd4-5ae4d3d3d071","block_type":"box","text":"and fees and/or offering costs","page_number":32,"box":{"x":44,"y":451,"width":144,"height":9}},{"id":"55a7845c-190f-45c6-859a-db6e2025fcf3","block_type":"box","text":"...................................................","page_number":32,"box":{"x":192,"y":457,"width":253,"height":1}},{"id":"4d0c965b-9f08-414e-b986-3cb7bc8947b7","block_type":"box","text":"1.19%","page_number":32,"box":{"x":524,"y":451,"width":29,"height":7}},{"id":"567b13cf-74ee-42ba-9da1-6b6c0730fbd1","block_type":"box","text":"(k)","page_number":32,"box":{"x":555,"y":449,"width":8,"height":6}},{"id":"e9373b08-7b40-4a31-9b08-61a53f90f885","block_type":"box","text":"2.06% 2.09% 2.17% 2.24%","page_number":32,"box":{"x":603,"y":451,"width":271,"height":7}},{"id":"fcf5a42a-7381-45d9-bc91-12eff3de1ac7","block_type":"box","text":"(l)","page_number":32,"box":{"x":876,"y":449,"width":6,"height":6}},{"id":"3cec61c4-5e34-44bb-8c5e-38765fd539f7","block_type":"box","text":"2.47%","page_number":32,"box":{"x":924,"y":451,"width":30,"height":7}},{"id":"68b19eae-7145-4022-ace3-1e280e5f7b29","block_type":"box","text":"(k)","page_number":32,"box":{"x":956,"y":449,"width":8,"height":6}},{"id":"07acca26-8f51-4b01-bb62-788ec4bba280","block_type":"box","text":"Net investment income","page_number":32,"box":{"x":31,"y":469,"width":110,"height":7}},{"id":"f25df71d-84c2-45b4-bb46-6962c91b3d5d","block_type":"box","text":"............................................................","page_number":32,"box":{"x":147,"y":475,"width":298,"height":1}},{"id":"4ac40f08-fa76-4456-af82-ba78433aea9e","block_type":"box","text":"8.29%","page_number":32,"box":{"x":523,"y":469,"width":30,"height":7}},{"id":"4da35902-4277-496a-96ed-82578807df23","block_type":"box","text":"(k)","page_number":32,"box":{"x":555,"y":467,"width":8,"height":6}},{"id":"f6a65eff-7b53-4d73-8149-29841b1b4484","block_type":"box","text":"7.76% 8.75% 9.34% 6.54% 4.23%","page_number":32,"box":{"x":604,"y":469,"width":350,"height":7}},{"id":"0b1fa1d1-830a-44e3-800f-085c3b887a04","block_type":"box","text":"(k)","page_number":32,"box":{"x":956,"y":467,"width":8,"height":6}},{"id":"7c329155-4476-4c15-a679-2463224f3891","block_type":"box","text":"Supplemental Data","page_number":32,"box":{"x":30,"y":503,"width":99,"height":10}},{"id":"801075b0-28ba-4f25-b3de-1dec383a2181","block_type":"box","text":"Net assets, end of period (000)","page_number":32,"box":{"x":31,"y":516,"width":149,"height":10}},{"id":"ca07f44d-ee86-4f20-a013-28c7aaa9aa80","block_type":"box","text":"....................................................","page_number":32,"box":{"x":187,"y":523,"width":258,"height":1}},{"id":"41a4cabf-0524-458b-8c21-08189c9e3b86","block_type":"box","text":"$46,112 $49,226 $47,606 $44,169 $39,203 $ 26,076","page_number":32,"box":{"x":505,"y":516,"width":440,"height":9}},{"id":"40c97206-de5a-43ff-83e4-881876f8aa74","block_type":"box","text":"Borrowings outstanding, end of period (000)","page_number":32,"box":{"x":31,"y":534,"width":212,"height":10}},{"id":"43301179-f015-447a-8cdd-5d02744c9e11","block_type":"box","text":"........................................","page_number":32,"box":{"x":248,"y":541,"width":197,"height":1}},{"id":"59c8652e-6a15-4a72-a606-52434da92469","block_type":"box","text":"$48,000 $20,000 $50,000 $ 7,450 $55,850 $ 73,250","page_number":32,"box":{"x":505,"y":534,"width":440,"height":9}},{"id":"5caf341a-9121-45ad-818f-52419906e526","block_type":"box","text":"Asset coverage, end of period per $1,000 of bank borrowings","page_number":32,"box":{"x":30,"y":552,"width":298,"height":10}},{"id":"0465bc92-889d-4eb6-8035-c19de165406d","block_type":"box","text":".......................","page_number":32,"box":{"x":333,"y":559,"width":112,"height":1}},{"id":"95d337de-d6bb-4089-8269-628f4124c492","block_type":"box","text":"$11,805 $29,084 $13,126 $62,975 $ 8,699 $ 6,846","page_number":32,"box":{"x":505,"y":552,"width":440,"height":9}},{"id":"c59e69fd-c194-4032-8ccc-9c785371c789","block_type":"box","text":"Portfolio turnover rate","page_number":32,"box":{"x":31,"y":570,"width":104,"height":8}},{"id":"29f7363a-ff5b-4e13-b527-d840cd386e6d","block_type":"box","text":".............................................................","page_number":32,"box":{"x":142,"y":577,"width":303,"height":1}},{"id":"b397fd00-fef4-4eb1-a5de-69400db13816","block_type":"box","text":"28% 84% 45% 35% 55% 55%","page_number":32,"box":{"x":532,"y":570,"width":422,"height":8}},{"id":"4eedec72-615a-4b4e-8f6e-f348e997190e","block_type":"box","text":"(m)","page_number":32,"box":{"x":956,"y":569,"width":11,"height":6}},{"id":"4de77778-03eb-4370-8503-e71003678930","block_type":"box","text":"(a)","page_number":32,"box":{"x":30,"y":595,"width":9,"height":6}},{"id":"6d9dfbca-da98-43b1-a1b6-c5b5e24554a9","block_type":"box","text":"Consolidated Financial Highlights.","page_number":32,"box":{"x":47,"y":596,"width":165,"height":10}},{"id":"ebe6e9ce-ae27-4edf-aba0-83344a0c6086","block_type":"box","text":"(b)","page_number":32,"box":{"x":30,"y":608,"width":9,"height":6}},{"id":"aa4aa2d5-8682-4def-8c1c-868bcd6a973a","block_type":"box","text":"Commencement of operations.","page_number":32,"box":{"x":47,"y":609,"width":149,"height":10}},{"id":"0c7ee1bb-add3-4383-a352-02ed7c6e7c3b","block_type":"box","text":"(c)","page_number":32,"box":{"x":30,"y":621,"width":9,"height":6}},{"id":"11aacd94-8f8e-473d-9920-14334edb2f96","block_type":"box","text":"Based on average shares outstanding.","page_number":32,"box":{"x":47,"y":622,"width":187,"height":10}},{"id":"dd5f5795-f883-4322-9616-660222f21a4f","block_type":"box","text":"(d)","page_number":32,"box":{"x":30,"y":634,"width":9,"height":6}},{"id":"e0c17c7a-7429-4775-9683-56ceec7bb49a","block_type":"box","text":"Distributions for annual periods determined in accordance with U.S. federal income tax regulations.","page_number":32,"box":{"x":47,"y":635,"width":481,"height":10}},{"id":"4f984396-4f20-4c8b-ab43-27ac4b112ba3","block_type":"box","text":"(e)","page_number":32,"box":{"x":30,"y":646,"width":9,"height":7}},{"id":"02e6499a-ebdb-40a6-9b7c-d8ea318aaf1d","block_type":"box","text":"A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end.","page_number":32,"box":{"x":47,"y":648,"width":630,"height":10}},{"id":"98814e7b-28b1-4fe6-b951-79aca11bb008","block_type":"box","text":"(f)","page_number":32,"box":{"x":30,"y":659,"width":7,"height":6}},{"id":"aeb05ee9-c3e4-4411-bf0e-f5610d772fcc","block_type":"box","text":"Amount is greater than $(0.005) per share.","page_number":32,"box":{"x":47,"y":660,"width":207,"height":10}},{"id":"651fb8db-68db-456b-a248-b4d5fa72d688","block_type":"box","text":"(g)","page_number":32,"box":{"x":30,"y":672,"width":9,"height":6}},{"id":"6d2af553-ca70-4c5d-9c30-a384f5e4ccff","block_type":"box","text":"Where applicable, assumes the reinvestment of distributions. The Fund is a continuously offered closed-end fund, the Shares of which are offered at n","page_number":32,"box":{"x":47,"y":674,"width":727,"height":9}},{"id":"4a26ec05-ca25-46ae-baa0-79401dc6b964","block_type":"box","text":"et asset value. No secondary market for","page_number":32,"box":{"x":775,"y":674,"width":194,"height":9}},{"id":"d9ee969c-789e-4ea4-9a2b-87988e85e25d","block_type":"box","text":"the Fund’s Shares exists.","page_number":32,"box":{"x":47,"y":685,"width":122,"height":8}},{"id":"98f9d639-6880-4671-a61d-e3443e17862d","block_type":"box","text":"(h)","page_number":32,"box":{"x":30,"y":697,"width":9,"height":6}},{"id":"703e20fb-335a-49e2-bac1-c16338093493","block_type":"box","text":"Not annualized.","page_number":32,"box":{"x":47,"y":698,"width":75,"height":8}},{"id":"cf18b58c-7f76-4d9a-abfa-47e90cd887ee","block_type":"box","text":"(i)","page_number":32,"box":{"x":30,"y":710,"width":7,"height":6}},{"id":"975efef7-01d3-4b5b-8cac-489223c3169a","block_type":"box","text":"Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.","page_number":32,"box":{"x":47,"y":711,"width":455,"height":10}},{"id":"f4957f40-adf9-46bc-a1af-3bea36ebcd13","block_type":"box","text":"(j)","page_number":32,"box":{"x":30,"y":723,"width":7,"height":6}},{"id":"04654d5e-5207-42d2-bded-69cccc80c78f","block_type":"box","text":"Includes recoupment of past waived and/or reimbursed fees. Excluding the recoupment of past waived and/or reimbursed fees, the expense ratios were a","page_number":32,"box":{"x":48,"y":724,"width":746,"height":10}},{"id":"f14783ee-fcde-4396-86a9-8f0c9945ae38","block_type":"box","text":"s follows:","page_number":32,"box":{"x":795,"y":724,"width":44,"height":8}},{"id":"19ab4fc4-26a6-405d-ade8-410e1689de96","block_type":"box","text":"Six Months Ended","page_number":32,"box":{"x":456,"y":745,"width":77,"height":6}},{"id":"9087cffd-f8ca-4e1f-af88-fac9405a4a71","block_type":"box","text":"06/30/26","page_number":32,"box":{"x":498,"y":756,"width":36,"height":7}},{"id":"39ed0b97-18ee-4879-81da-f1041d90b9f3","block_type":"box","text":"(a)","page_number":32,"box":{"x":535,"y":755,"width":9,"height":5}},{"id":"516dc435-ad9b-412a-9a9d-ca05dbb077be","block_type":"box","text":"(unaudited)","page_number":32,"box":{"x":486,"y":768,"width":48,"height":8}},{"id":"9e0df6fa-de88-470b-a8b4-dcb2ca7b8111","block_type":"box","text":"Year Ended","page_number":32,"box":{"x":564,"y":756,"width":50,"height":7}},{"id":"5fffec45-8e57-401e-9473-3520f91aef90","block_type":"box","text":"12/31/25","page_number":32,"box":{"x":579,"y":768,"width":36,"height":7}},{"id":"aed26efe-7a21-46d1-8b93-269f1a3d25a7","block_type":"box","text":"(a)","page_number":32,"box":{"x":616,"y":767,"width":8,"height":5}},{"id":"d651aeac-522d-4c25-b01f-de562f4a3140","block_type":"box","text":"Year Ended","page_number":32,"box":{"x":650,"y":756,"width":49,"height":7}},{"id":"ef496c79-d3b2-4d29-8d8a-109cfead5a67","block_type":"box","text":"12/31/24","page_number":32,"box":{"x":663,"y":768,"width":36,"height":7}},{"id":"11376d72-c925-4125-b43a-af1a9a92b81c","block_type":"box","text":"Year Ended","page_number":32,"box":{"x":735,"y":756,"width":49,"height":7}},{"id":"9a3d6ad9-54f1-478e-bcc7-1391850cb1a3","block_type":"box","text":"12/31/23","page_number":32,"box":{"x":749,"y":768,"width":36,"height":7}},{"id":"a89368d6-1d96-407e-865e-d0483a139c7c","block_type":"box","text":"(a)","page_number":32,"box":{"x":786,"y":767,"width":9,"height":5}},{"id":"faddcebf-a126-4096-b424-207b1d8a54ba","block_type":"box","text":"Year Ended","page_number":32,"box":{"x":815,"y":756,"width":50,"height":7}},{"id":"55d1eb1a-7c14-4bf7-98e1-6edec3935c48","block_type":"box","text":"12/31/22","page_number":32,"box":{"x":830,"y":768,"width":36,"height":7}},{"id":"45078514-c924-44ad-94ae-006461ab87bf","block_type":"box","text":"(a)","page_number":32,"box":{"x":867,"y":767,"width":8,"height":5}},{"id":"1505ea40-b3b9-49c2-be70-7289f7b58044","block_type":"box","text":"Period from","page_number":32,"box":{"x":896,"y":745,"width":49,"height":6}},{"id":"17b46c60-501b-4148-b18d-6f71e5b14138","block_type":"box","text":"07/12/21","page_number":32,"box":{"x":909,"y":756,"width":35,"height":7}},{"id":"82e8eb23-437e-4453-84af-84a5f0886f21","block_type":"box","text":"(b)","page_number":32,"box":{"x":947,"y":755,"width":8,"height":5}},{"id":"1985f34f-0677-49e7-8677-93c7be0fae13","block_type":"box","text":"to 12/31/21","page_number":32,"box":{"x":897,"y":768,"width":46,"height":7}},{"id":"64c1ed9f-e3f2-4ae1-942b-0fcc571bec52","block_type":"box","text":"Expense ratios","page_number":32,"box":{"x":47,"y":784,"width":72,"height":10}},{"id":"d13899d5-ef93-48db-8d23-eeaf2d7377fa","block_type":"box","text":"...............................................................","page_number":32,"box":{"x":121,"y":791,"width":314,"height":1}},{"id":"a8f27b69-7c70-430a-a060-84c43b5d992c","block_type":"box","text":"2.77% 2.65% N/A N/A 2.82% 2.54%","page_number":32,"box":{"x":513,"y":784,"width":441,"height":8}},{"id":"ac961ac6-190b-4c60-b28b-25446ad77b92","block_type":"box","text":"(k)","page_number":32,"box":{"x":30,"y":808,"width":9,"height":6}},{"id":"5fa28e98-7fae-4da6-93f6-f24352ccb5e9","block_type":"box","text":"Annualized.","page_number":32,"box":{"x":49,"y":810,"width":56,"height":7}},{"id":"3c886ddf-2426-488a-95c4-4aaf3beedfd9","block_type":"box","text":"(l)","page_number":32,"box":{"x":30,"y":821,"width":7,"height":6}},{"id":"fa5ea5b3-f6c4-4dac-b1fd-94eef7b48abf","block_type":"box","text":"Includes non-recurring expenses of offering costs. Without these costs, total expenses, total expenses after fees waived and/or reimbursed and tot","page_number":32,"box":{"x":50,"y":822,"width":734,"height":10}},{"id":"069dad8d-7c5f-413c-9a6e-057fc1b9c890","block_type":"box","text":"al expenses after fees waived and/or","page_number":32,"box":{"x":784,"y":822,"width":185,"height":10}},{"id":"60708355-e441-4b5a-98f2-18d2fb0430a5","block_type":"box","text":"reimbursed and excluding interest expense and fees would have been 2.87%, 2.86% and 2.23%, respectively.","page_number":32,"box":{"x":50,"y":834,"width":534,"height":10}},{"id":"a5f816b3-d11f-406c-8e49-80045f6447cc","block_type":"box","text":"(m)","page_number":32,"box":{"x":30,"y":845,"width":12,"height":6}},{"id":"04c9ae3a-54be-4f41-8f93-318348700cf6","block_type":"box","text":"Portfolio turnover rate is representative of the Fund for the entire year.","page_number":32,"box":{"x":50,"y":847,"width":338,"height":9}},{"id":"4712814c-9f35-44b2-b958-79116bbee417","block_type":"box","text":"See notes to consolidated financial statements.","page_number":32,"box":{"x":31,"y":867,"width":257,"height":9}},{"id":"a2cbd173-0609-4465-a8dc-efe17bf5876a","block_type":"box","text":"Financial Highlights","page_number":32,"box":{"x":31,"y":28,"width":165,"height":17}},{"id":"ea7f3be9-ae01-45d9-93bd-6fb33dfe3293","block_type":"box","text":"(continued)","page_number":32,"box":{"x":201,"y":32,"width":61,"height":11}},{"id":"04dd714e-933e-46c8-8b4e-c969292ccf1e","block_type":"box","text":"(For a share outstanding throughout each period)","page_number":32,"box":{"x":30,"y":49,"width":269,"height":11}},{"id":"9924290f-ec67-4584-8ea7-bb559ec58e39","block_type":"box","text":"32","page_number":32,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"e6560f27-63c3-4b1b-a926-314bf07a2807","block_type":"box","text":"2026","page_number":32,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"17abc434-fd7a-4383-ba23-c4b79ebc8139","block_type":"box","text":"B","page_number":32,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"4fb05d64-bfe6-4dbc-b9f5-e63cad3c7a83","block_type":"box","text":"LACK","page_number":32,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"6d68606f-2ea7-4ec2-805a-d7e32a2501f7","block_type":"box","text":"R","page_number":32,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"d1f7c96e-eedc-4883-9afa-1d0ec9f5e2ac","block_type":"box","text":"OCK","page_number":32,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"654fbbee-c049-4685-a570-a006da30d56b","block_type":"box","text":"S","page_number":32,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"3fa2ba3a-bea5-4db5-9ce2-54f97907bf06","block_type":"box","text":"EMI","page_number":32,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"e6ae489b-888b-4fc7-8cbd-af7d3984ee3b","block_type":"box","text":"-A","page_number":32,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"a660363e-b10b-437a-86ff-c20c3857229e","block_type":"box","text":"NNUAL","page_number":32,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"d79e1bd3-642d-4396-87a4-2f1a165a80f1","block_type":"box","text":"NM0826U-5876566-32/56 R EPORT TO S HARE","page_number":32,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"d5031236-4a1e-47c7-8e4f-39fc43904dcd","block_type":"box","text":"NM\r\nR","page_number":32,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"9a81ce74-f1cd-468d-aa5e-c84f215e3760","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":32,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"1c30e6f2-fe91-43d6-a330-0bf4e9807fcc","block_type":"box","text":"66\r\nS","page_number":32,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"9d3f46dc-f4ce-422e-8c15-77d8c3b42bdd","block_type":"box","text":"-32/56 \r\nHAREHOLDERS","page_number":32,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"9d7926b5-0bf0-4bd5-bf70-ad7dc0b35290","block_type":"box","text":"BlackRock HPS Credit Strategies Fund (continued)","page_number":33,"box":{"x":597,"y":86,"width":217,"height":9}},{"id":"3a1222e7-0386-48e3-a32d-b05736e89f82","block_type":"box","text":"Class W","page_number":33,"box":{"x":688,"y":103,"width":36,"height":6}},{"id":"8fe90a23-5fa2-4aef-adf3-66e14878183f","block_type":"box","text":"Six Months Ended","page_number":33,"box":{"x":467,"y":119,"width":77,"height":7}},{"id":"50f1e477-287e-4c10-a0c2-0388dc249462","block_type":"box","text":"06/30/26","page_number":33,"box":{"x":508,"y":131,"width":37,"height":6}},{"id":"c22b8fc4-67f0-4fff-a408-90f988241e7e","block_type":"box","text":"(a)","page_number":33,"box":{"x":546,"y":129,"width":8,"height":6}},{"id":"dc335773-f900-4586-8f1f-c159c3ee05d3","block_type":"box","text":"(unaudited)","page_number":33,"box":{"x":496,"y":142,"width":48,"height":9}},{"id":"aa282772-3b88-4e86-b942-700c4e2d9236","block_type":"box","text":"Year Ended","page_number":33,"box":{"x":575,"y":131,"width":49,"height":6}},{"id":"04e1f968-558d-4824-994c-af04d5ea8f35","block_type":"box","text":"12/31/25","page_number":33,"box":{"x":589,"y":142,"width":36,"height":7}},{"id":"42f6a847-03a5-410b-96b2-219a8aee2497","block_type":"box","text":"(a)","page_number":33,"box":{"x":626,"y":141,"width":8,"height":5}},{"id":"7112880e-dd88-4dab-9f2e-cbe47786e371","block_type":"box","text":"Year Ended","page_number":33,"box":{"x":655,"y":131,"width":49,"height":6}},{"id":"36af7325-aef4-4b6f-9731-63a7db4a0650","block_type":"box","text":"12/31/24","page_number":33,"box":{"x":668,"y":142,"width":36,"height":7}},{"id":"c39b8f06-39f3-4a8c-9021-e9d0db468480","block_type":"box","text":"Year Ended","page_number":33,"box":{"x":735,"y":131,"width":49,"height":6}},{"id":"786519c2-0ee8-4d50-bc7e-8a204d9e14bf","block_type":"box","text":"12/31/23","page_number":33,"box":{"x":749,"y":142,"width":36,"height":7}},{"id":"f9b20d25-8e81-458f-b363-fa1618cd82b4","block_type":"box","text":"(a)","page_number":33,"box":{"x":786,"y":141,"width":9,"height":5}},{"id":"015b97bf-857d-4b42-ac9b-35cf636c82cd","block_type":"box","text":"Year Ended","page_number":33,"box":{"x":815,"y":131,"width":50,"height":6}},{"id":"92c4b0a2-1466-42f3-a60e-20122ea2f637","block_type":"box","text":"12/31/22","page_number":33,"box":{"x":830,"y":142,"width":36,"height":7}},{"id":"be45b11e-97da-4078-9a25-8aa9e4e89b02","block_type":"box","text":"(a)","page_number":33,"box":{"x":867,"y":141,"width":8,"height":5}},{"id":"7414b9b3-7553-4f1f-b039-ba2b5a1180d0","block_type":"box","text":"Period from","page_number":33,"box":{"x":896,"y":119,"width":49,"height":7}},{"id":"15eaec3f-5ac7-454a-aac8-99cb9ed99407","block_type":"box","text":"07/12/21","page_number":33,"box":{"x":909,"y":131,"width":35,"height":6}},{"id":"067a7bcd-821a-4558-a798-a6da50310fea","block_type":"box","text":"(b)","page_number":33,"box":{"x":947,"y":129,"width":8,"height":6}},{"id":"15c095cb-ccb5-43db-bd64-89f9d2cba960","block_type":"box","text":"to 12/31/21","page_number":33,"box":{"x":897,"y":142,"width":46,"height":7}},{"id":"be4356eb-941e-4200-87b2-7856911ccb40","block_type":"box","text":"Net asset value, beginning of period","page_number":33,"box":{"x":31,"y":161,"width":187,"height":10}},{"id":"4e298239-86fd-404c-b395-439905a26ca8","block_type":"box","text":".............................................","page_number":33,"box":{"x":222,"y":168,"width":223,"height":1}},{"id":"727a8b30-a8fb-41a0-820f-54618c6a435a","block_type":"box","text":"$ 8.22 $ 8.50 $ 8.65 $ 8.50 $ 9.97 $ 10.51","page_number":33,"box":{"x":505,"y":161,"width":438,"height":9}},{"id":"1a9e7a78-8d12-47c7-acfe-31a6abe5a6be","block_type":"box","text":"Net investment income","page_number":33,"box":{"x":44,"y":179,"width":111,"height":7}},{"id":"d4c25087-be9f-4f4c-ae9c-e2be34c7278b","block_type":"box","text":"(c)","page_number":33,"box":{"x":156,"y":177,"width":8,"height":6}},{"id":"fc12ceb3-8ad6-47b7-b3f4-c35293a01fa4","block_type":"box","text":"........................................................","page_number":33,"box":{"x":167,"y":185,"width":278,"height":1}},{"id":"819cae69-8d2e-4da8-8685-371fdb2507c3","block_type":"box","text":"0.34 0.66 0.76 0.82 0.57 0.22","page_number":33,"box":{"x":523,"y":179,"width":422,"height":7}},{"id":"8b4328c3-85e8-4aae-a34b-991117c45fd0","block_type":"box","text":"Net realized and unrealized gain (loss)","page_number":33,"box":{"x":44,"y":191,"width":187,"height":10}},{"id":"a46abe4b-42d2-47bc-a343-d1e305fb55fe","block_type":"box","text":"...........................................","page_number":33,"box":{"x":232,"y":198,"width":213,"height":1}},{"id":"34a07e5f-a705-431a-8b38-961585c7cced","block_type":"box","text":"(0.20) (0.25) (0.14) 0.13 (1.44) (0.40)","page_number":33,"box":{"x":520,"y":191,"width":428,"height":10}},{"id":"081e15c4-fdb8-45ab-a557-6fd6d99228be","block_type":"box","text":"Net increase (decrease) from investment operations","page_number":33,"box":{"x":31,"y":209,"width":252,"height":10}},{"id":"5ecccc69-ec03-40c3-82ae-8871986f7ec2","block_type":"box","text":"................................","page_number":33,"box":{"x":288,"y":215,"width":157,"height":1}},{"id":"eff0c37e-099a-4d2c-8e57-29687b339c1a","block_type":"box","text":"0.14 0.41 0.62 0.95 (0.87) (0.18)","page_number":33,"box":{"x":523,"y":209,"width":425,"height":10}},{"id":"9c1c7eb7-148e-4125-ae03-0afcc50e3a41","block_type":"box","text":"Distributions","page_number":33,"box":{"x":31,"y":229,"width":66,"height":7}},{"id":"aa39c40e-3aed-423b-abd9-72a498f0b9ce","block_type":"box","text":"(d)","page_number":33,"box":{"x":98,"y":227,"width":10,"height":7}},{"id":"e421941d-ddea-475d-98d5-0105d18f3939","block_type":"box","text":"From net investment income","page_number":33,"box":{"x":44,"y":242,"width":138,"height":7}},{"id":"a9116c0d-9304-4097-9213-7b712e5580d9","block_type":"box","text":"....................................................","page_number":33,"box":{"x":187,"y":248,"width":258,"height":1}},{"id":"55c4c426-0d95-43d3-86b3-d7056f2eb948","block_type":"box","text":"(0.33)","page_number":33,"box":{"x":520,"y":242,"width":27,"height":9}},{"id":"5f7eed14-f401-47f2-9ffe-803d4ddcdb51","block_type":"box","text":"(e)","page_number":33,"box":{"x":548,"y":240,"width":10,"height":6}},{"id":"08d9d749-a3ac-48a4-9ac9-4f48812ef11a","block_type":"box","text":"(0.69) (0.77) (0.80) (0.60) (0.31)","page_number":33,"box":{"x":600,"y":242,"width":348,"height":9}},{"id":"1f10c9b3-ec5b-4db0-bf14-ffc4e180ff5b","block_type":"box","text":"From net realized gain","page_number":33,"box":{"x":44,"y":255,"width":108,"height":9}},{"id":"bb6357d9-51ee-4f3f-815c-e23248302242","block_type":"box","text":"..........................................................","page_number":33,"box":{"x":157,"y":261,"width":288,"height":1}},{"id":"9a01004a-74b6-4f64-87ae-9e8d8472674a","block_type":"box","text":"—————","page_number":33,"box":{"x":533,"y":259,"width":332,"height":1}},{"id":"15f4b76e-532b-46a3-b9cf-dbc220cffe24","block_type":"box","text":"(0.05)","page_number":33,"box":{"x":921,"y":255,"width":27,"height":9}},{"id":"fa468628-6bd1-4b28-8d1d-6b79638ea9fd","block_type":"box","text":"Return of capital","page_number":33,"box":{"x":44,"y":268,"width":79,"height":9}},{"id":"d00a3017-5d46-4da5-ade1-5bb28cd004d8","block_type":"box","text":"................................................................","page_number":33,"box":{"x":126,"y":274,"width":319,"height":1}},{"id":"c11c482c-c6fa-4716-8383-6788f3997e92","block_type":"box","text":"— — — (0.00)","page_number":33,"box":{"x":533,"y":268,"width":255,"height":9}},{"id":"f276f7d0-8777-4862-98ca-90afd6ae6a97","block_type":"box","text":"(f)","page_number":33,"box":{"x":789,"y":266,"width":7,"height":6}},{"id":"eda64fe8-ed8b-4a29-9f9d-700443a93b2c","block_type":"box","text":"——","page_number":33,"box":{"x":854,"y":272,"width":91,"height":1}},{"id":"e8efb2e2-322d-47bb-9e10-d3ffc3208028","block_type":"box","text":"Total distributions","page_number":33,"box":{"x":30,"y":285,"width":84,"height":8}},{"id":"639e95ba-e135-4c2c-b102-4a7dd77c64d4","block_type":"box","text":"..................................................................","page_number":33,"box":{"x":116,"y":291,"width":329,"height":1}},{"id":"6612c9df-b838-46c7-9e2c-8e7c2cb256c4","block_type":"box","text":"(0.33) (0.69) (0.77) (0.80) (0.60) (0.36)","page_number":33,"box":{"x":520,"y":285,"width":428,"height":10}},{"id":"7ce7aaac-cbe9-4a26-809a-825e1ee45fc0","block_type":"box","text":"Net asset value, end of period","page_number":33,"box":{"x":31,"y":306,"width":154,"height":10}},{"id":"4b85ad29-7ec7-4c68-b506-f842f476d8ae","block_type":"box","text":"....................................................","page_number":33,"box":{"x":187,"y":313,"width":258,"height":1}},{"id":"d31d0941-bde8-41f0-9379-7d9d0053d861","block_type":"box","text":"$ 8.03 $ 8.22 $ 8.50 $ 8.65 $ 8.50 $ 9.97","page_number":33,"box":{"x":505,"y":306,"width":440,"height":9}},{"id":"bbe85ae6-100f-4025-bde3-2fbedede9723","block_type":"box","text":"Total Return","page_number":33,"box":{"x":30,"y":341,"width":63,"height":8}},{"id":"48988926-c0b6-4701-b3d1-59c139b7eef6","block_type":"box","text":"(g)","page_number":33,"box":{"x":94,"y":340,"width":9,"height":6}},{"id":"5e2623f9-c13d-4c80-8d02-5ef9ff18a79c","block_type":"box","text":"Based on net asset value","page_number":33,"box":{"x":31,"y":354,"width":122,"height":8}},{"id":"951629f8-9b12-4838-845f-8e79076979b7","block_type":"box","text":"..........................................................","page_number":33,"box":{"x":157,"y":360,"width":288,"height":1}},{"id":"20d3920d-b376-4e23-a5c5-efaf6af1d7e1","block_type":"box","text":"1.75%","page_number":33,"box":{"x":524,"y":354,"width":29,"height":8}},{"id":"aaee092f-693e-4c10-b300-986f4f40dd04","block_type":"box","text":"(h)","page_number":33,"box":{"x":555,"y":353,"width":9,"height":6}},{"id":"acb53560-05d4-4173-b113-33aa6d4670d6","block_type":"box","text":"4.93% 7.44% 11.53% (8.87)% (1.74)%","page_number":33,"box":{"x":603,"y":354,"width":355,"height":10}},{"id":"967d71c8-ac30-47a6-b0aa-3ff794fc9465","block_type":"box","text":"(h)","page_number":33,"box":{"x":959,"y":353,"width":9,"height":6}},{"id":"7a13e7b6-d679-433d-a26e-dfef517a91be","block_type":"box","text":"Ratios to Average Net Assets","page_number":33,"box":{"x":31,"y":389,"width":151,"height":9}},{"id":"f190d85a-bcec-4fea-9e00-fee45beac050","block_type":"box","text":"(i)","page_number":33,"box":{"x":183,"y":387,"width":7,"height":6}},{"id":"bfba35a8-b83c-463b-8ca6-3e6adb5638f0","block_type":"box","text":"Total expenses","page_number":33,"box":{"x":30,"y":402,"width":73,"height":9}},{"id":"2a133f58-fcdf-496d-87f9-948e29ac9b76","block_type":"box","text":"(j)","page_number":33,"box":{"x":104,"y":400,"width":6,"height":6}},{"id":"e6624a59-f27f-40e2-8c9c-8061067ed1d5","block_type":"box","text":"..................................................................","page_number":33,"box":{"x":116,"y":408,"width":329,"height":1}},{"id":"05539b62-9954-499c-9fab-365f839800bd","block_type":"box","text":"2.66%","page_number":33,"box":{"x":523,"y":402,"width":30,"height":7}},{"id":"eec7c373-9214-4238-b135-0776b2ba1336","block_type":"box","text":"(k)","page_number":33,"box":{"x":555,"y":400,"width":8,"height":6}},{"id":"bd11b182-17f8-4857-809e-51e4cae952f3","block_type":"box","text":"2.53% 2.38% 2.69% 2.87%","page_number":33,"box":{"x":603,"y":402,"width":271,"height":7}},{"id":"048e1720-843b-4f01-89c3-9cd27808e5df","block_type":"box","text":"(l)","page_number":33,"box":{"x":876,"y":400,"width":6,"height":6}},{"id":"c5379e70-15d5-4c5c-9c3f-4745e26f353a","block_type":"box","text":"2.70%","page_number":33,"box":{"x":924,"y":402,"width":30,"height":7}},{"id":"9f24e8eb-acb1-4491-94ed-b39693acb910","block_type":"box","text":"(k)","page_number":33,"box":{"x":956,"y":400,"width":8,"height":6}},{"id":"bbe12721-c01b-4d80-896c-dbfd9e936ba4","block_type":"box","text":"Total expenses after fees waived and/or reimbursed","page_number":33,"box":{"x":30,"y":420,"width":251,"height":9}},{"id":"b39496dd-268f-466e-a58a-40b4879f1433","block_type":"box","text":"................................","page_number":33,"box":{"x":288,"y":426,"width":157,"height":1}},{"id":"a3a284ff-a100-43aa-bdd8-c25c6bcd885b","block_type":"box","text":"1.58%","page_number":33,"box":{"x":524,"y":420,"width":29,"height":7}},{"id":"7ec3b5c0-2859-467d-b2c2-1237e072092a","block_type":"box","text":"(k)","page_number":33,"box":{"x":555,"y":418,"width":8,"height":6}},{"id":"b1970e24-08eb-46cb-ac6b-1accbec133a7","block_type":"box","text":"2.43% 2.37% 2.69% 2.87%","page_number":33,"box":{"x":603,"y":420,"width":271,"height":7}},{"id":"fdd77e4a-67b4-4402-aca0-05dd785deaf5","block_type":"box","text":"(l)","page_number":33,"box":{"x":876,"y":418,"width":6,"height":6}},{"id":"a57bf9e6-4a7f-4403-a4fa-8ddf55834480","block_type":"box","text":"2.70%","page_number":33,"box":{"x":924,"y":420,"width":30,"height":7}},{"id":"5dfe99cf-d0b2-4e5f-bcef-9afce59829e1","block_type":"box","text":"(k)","page_number":33,"box":{"x":956,"y":418,"width":8,"height":6}},{"id":"3ab7dac3-5579-4e69-aab6-2e16fa60b7da","block_type":"box","text":"Total expenses after fees waived and/or reimbursed and excluding interest expense","page_number":33,"box":{"x":30,"y":438,"width":407,"height":9}},{"id":"4755493e-d9d4-4acc-8e5f-547760d69772","block_type":"box","text":"and fees and/or offering costs","page_number":33,"box":{"x":44,"y":451,"width":144,"height":9}},{"id":"c8b4f1aa-1fdd-4080-9b06-cf9a36c9963a","block_type":"box","text":"...................................................","page_number":33,"box":{"x":192,"y":457,"width":253,"height":1}},{"id":"ccdfed2f-706b-4d5b-9500-aca232810db4","block_type":"box","text":"1.06%","page_number":33,"box":{"x":524,"y":451,"width":29,"height":7}},{"id":"78ace513-a488-4fc2-b272-c83c9cf7a3c8","block_type":"box","text":"(k)","page_number":33,"box":{"x":555,"y":449,"width":8,"height":6}},{"id":"6e8f5dc3-a33e-4923-8b27-e3add9466b6f","block_type":"box","text":"1.95% 2.02% 2.05% 2.25%","page_number":33,"box":{"x":604,"y":451,"width":270,"height":7}},{"id":"7d8dd289-48ad-425c-8645-d6f3fe6f3955","block_type":"box","text":"(l)","page_number":33,"box":{"x":876,"y":449,"width":6,"height":6}},{"id":"566378db-50d3-4da9-8952-916f62a14b5e","block_type":"box","text":"2.45%","page_number":33,"box":{"x":924,"y":451,"width":30,"height":7}},{"id":"9db10c7f-5883-49a1-9ef5-8416447b5bbc","block_type":"box","text":"(k)","page_number":33,"box":{"x":956,"y":449,"width":8,"height":6}},{"id":"2cc7d92b-0c35-4778-a364-ad6f59a885c3","block_type":"box","text":"Net investment income","page_number":33,"box":{"x":31,"y":469,"width":110,"height":7}},{"id":"ee04c7f5-563c-48be-ab60-0ea669176952","block_type":"box","text":"............................................................","page_number":33,"box":{"x":147,"y":475,"width":298,"height":1}},{"id":"4e396df6-f4f5-4a56-ba7c-0f2f95045357","block_type":"box","text":"8.42%","page_number":33,"box":{"x":523,"y":469,"width":30,"height":7}},{"id":"8bbf76bd-582b-41e1-95c6-a6ea7981c109","block_type":"box","text":"(k)","page_number":33,"box":{"x":555,"y":467,"width":8,"height":6}},{"id":"94fa2c51-244e-481a-9f5d-3e0489b2b396","block_type":"box","text":"7.87% 8.83% 9.44% 6.35% 4.64%","page_number":33,"box":{"x":604,"y":469,"width":350,"height":7}},{"id":"45e5e18d-dc75-43f1-8bee-08a1f724e3bd","block_type":"box","text":"(k)","page_number":33,"box":{"x":956,"y":467,"width":8,"height":6}},{"id":"563f467f-c7c9-4cc4-b15e-b312f713802d","block_type":"box","text":"Supplemental Data","page_number":33,"box":{"x":30,"y":503,"width":99,"height":10}},{"id":"b3fb06bf-610c-4716-b886-8059b105c56a","block_type":"box","text":"Net assets, end of period (000)","page_number":33,"box":{"x":31,"y":516,"width":149,"height":10}},{"id":"d41053ae-87c2-4373-baa2-75f53693364f","block_type":"box","text":"....................................................","page_number":33,"box":{"x":187,"y":523,"width":258,"height":1}},{"id":"8288cf2f-570d-4bfd-8068-8248e85bcf65","block_type":"box","text":"$ 191 $ 195 $ 202 $ 206 $ 202 $ 237","page_number":33,"box":{"x":505,"y":516,"width":440,"height":9}},{"id":"efee37c3-6f17-4dfa-ae93-15b819781027","block_type":"box","text":"Borrowings outstanding, end of period (000)","page_number":33,"box":{"x":31,"y":534,"width":212,"height":10}},{"id":"1e1f0490-8bf6-43dd-b923-c06202c63a31","block_type":"box","text":"........................................","page_number":33,"box":{"x":248,"y":541,"width":197,"height":1}},{"id":"10fef015-38c5-4e33-9698-e9a5c5b39ee6","block_type":"box","text":"$48,000 $20,000 $50,000 $ 7,450 $55,850 $ 73,250","page_number":33,"box":{"x":505,"y":534,"width":440,"height":9}},{"id":"073afe35-6aba-40d6-b72b-8665a8f073da","block_type":"box","text":"Asset coverage, end of period per $1,000 of bank borrowings","page_number":33,"box":{"x":30,"y":552,"width":298,"height":10}},{"id":"ca6f1653-fa2b-43a1-81de-ccac8e26587b","block_type":"box","text":".......................","page_number":33,"box":{"x":333,"y":559,"width":112,"height":1}},{"id":"1abc7918-d433-4019-8760-0e338a5fd30a","block_type":"box","text":"$11,805 $29,084 $13,126 $62,975 $ 8,699 $ 6,846","page_number":33,"box":{"x":505,"y":552,"width":440,"height":9}},{"id":"666b119e-f885-4002-bf4e-373cda80ee84","block_type":"box","text":"Portfolio turnover rate","page_number":33,"box":{"x":31,"y":570,"width":104,"height":8}},{"id":"e9f2123e-78f7-4830-9aed-06934953d19e","block_type":"box","text":".............................................................","page_number":33,"box":{"x":142,"y":577,"width":303,"height":1}},{"id":"0f1090f9-a140-4a3a-af74-f35ba8c2e94e","block_type":"box","text":"28% 84% 45% 35% 55% 55%","page_number":33,"box":{"x":532,"y":570,"width":422,"height":8}},{"id":"d3bbcc2a-d0d0-4873-a580-ce4833604316","block_type":"box","text":"(m)","page_number":33,"box":{"x":956,"y":569,"width":11,"height":6}},{"id":"6c71f733-2163-4a48-9e30-8c1805a8bdc8","block_type":"box","text":"(a)","page_number":33,"box":{"x":30,"y":595,"width":9,"height":6}},{"id":"0b8ea640-a89a-45df-9a82-778e124593a4","block_type":"box","text":"Consolidated Financial Highlights.","page_number":33,"box":{"x":47,"y":596,"width":165,"height":10}},{"id":"0787c625-1a82-4cad-845a-a6ab822a1134","block_type":"box","text":"(b)","page_number":33,"box":{"x":30,"y":608,"width":9,"height":6}},{"id":"5aa5b8c7-747e-40bb-af87-16ea42dec301","block_type":"box","text":"Commencement of operations.","page_number":33,"box":{"x":47,"y":609,"width":149,"height":10}},{"id":"46165e5a-2ad7-48cb-823b-4f233ddb05d9","block_type":"box","text":"(c)","page_number":33,"box":{"x":30,"y":621,"width":9,"height":6}},{"id":"a304e6dc-b47d-415e-b42a-4805924b9b67","block_type":"box","text":"Based on average shares outstanding.","page_number":33,"box":{"x":47,"y":622,"width":187,"height":10}},{"id":"1f582207-9b57-4bc7-99fc-ad33a6fd1037","block_type":"box","text":"(d)","page_number":33,"box":{"x":30,"y":634,"width":9,"height":6}},{"id":"7c704b7a-853f-4b7d-9da5-b6851a2ddf72","block_type":"box","text":"Distributions for annual periods determined in accordance with U.S. federal income tax regulations.","page_number":33,"box":{"x":47,"y":635,"width":481,"height":10}},{"id":"5b083358-f1f9-4f29-9a97-8d71f60de1a5","block_type":"box","text":"(e)","page_number":33,"box":{"x":30,"y":646,"width":9,"height":7}},{"id":"7dbda699-1463-42ff-aca7-d0a5a7e043e8","block_type":"box","text":"A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end.","page_number":33,"box":{"x":47,"y":648,"width":630,"height":10}},{"id":"4d18f77d-b42e-43c0-940c-6e4bffea262a","block_type":"box","text":"(f)","page_number":33,"box":{"x":30,"y":659,"width":7,"height":6}},{"id":"57d57b97-a451-4f42-b4f6-d72a8ef788de","block_type":"box","text":"Amount is greater than $(0.005) per share.","page_number":33,"box":{"x":47,"y":660,"width":207,"height":10}},{"id":"df1580e2-c815-42c5-89fe-4c17e82da79b","block_type":"box","text":"(g)","page_number":33,"box":{"x":30,"y":672,"width":9,"height":6}},{"id":"3bcfb149-61ed-407c-9845-42d457320572","block_type":"box","text":"Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions. The Fund is a continuously offered closed","page_number":33,"box":{"x":47,"y":674,"width":719,"height":9}},{"id":"7ae0d035-4132-476f-a78b-7b0251fd041f","block_type":"box","text":"-end fund, the Shares of which are offered","page_number":33,"box":{"x":767,"y":674,"width":201,"height":9}},{"id":"3edbc7bb-ae1d-4cc7-a905-9badd5e6dd99","block_type":"box","text":"at net asset value. No secondary market for the Fund’s Shares exists.","page_number":33,"box":{"x":47,"y":685,"width":339,"height":10}},{"id":"22ca8f18-bfe3-4a25-99d2-182ecf0d6960","block_type":"box","text":"(h)","page_number":33,"box":{"x":30,"y":697,"width":9,"height":6}},{"id":"bb07c760-0edb-4713-a3cd-30c2febd8552","block_type":"box","text":"Not annualized.","page_number":33,"box":{"x":47,"y":698,"width":75,"height":8}},{"id":"47321968-9c41-4ccb-a657-01d9853da609","block_type":"box","text":"(i)","page_number":33,"box":{"x":30,"y":710,"width":7,"height":6}},{"id":"aea67ddb-2260-4a10-ae67-5c687f7b9bf1","block_type":"box","text":"Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.","page_number":33,"box":{"x":47,"y":711,"width":455,"height":10}},{"id":"13979430-d694-4324-99ba-a86b5ffc3f0b","block_type":"box","text":"(j)","page_number":33,"box":{"x":30,"y":723,"width":7,"height":6}},{"id":"47e97805-670c-4c3d-b0ab-90d2557a561c","block_type":"box","text":"Includes recoupment of past waived and/or reimbursed fees. Excluding the recoupment of past waived and/or reimbursed fees, the expense ratios were a","page_number":33,"box":{"x":48,"y":724,"width":746,"height":10}},{"id":"e412459f-cdf4-4b97-b7ae-7696a376751f","block_type":"box","text":"s follows:","page_number":33,"box":{"x":795,"y":724,"width":44,"height":8}},{"id":"4aa72f0b-2db9-454f-92b4-82f3d347dfd3","block_type":"box","text":"Six Months Ended","page_number":33,"box":{"x":451,"y":745,"width":77,"height":6}},{"id":"2160a2f6-1bac-498c-8147-afd1da3a5d1f","block_type":"box","text":"06/30/26","page_number":33,"box":{"x":493,"y":756,"width":36,"height":7}},{"id":"6e3a05f6-0b63-4559-bf85-9abb31555006","block_type":"box","text":"(a)","page_number":33,"box":{"x":530,"y":755,"width":9,"height":5}},{"id":"0e219a75-ba2d-47fe-acd4-dff989bb36e6","block_type":"box","text":"(unaudited)","page_number":33,"box":{"x":481,"y":768,"width":47,"height":8}},{"id":"ac573af3-43e4-4d61-83f5-1dfed484f0b5","block_type":"box","text":"Year Ended","page_number":33,"box":{"x":564,"y":756,"width":50,"height":7}},{"id":"806492ec-bbf9-413c-9d2b-f1f77b83bd50","block_type":"box","text":"12/31/25","page_number":33,"box":{"x":579,"y":768,"width":36,"height":7}},{"id":"4fc9751d-8f70-4746-ab94-0f914a9332f6","block_type":"box","text":"(a)","page_number":33,"box":{"x":616,"y":767,"width":8,"height":5}},{"id":"e45302da-9550-4d52-8133-e13e74d86789","block_type":"box","text":"Year Ended","page_number":33,"box":{"x":650,"y":756,"width":49,"height":7}},{"id":"ce56a600-b86a-4917-98f3-7f30bb8be216","block_type":"box","text":"12/31/24","page_number":33,"box":{"x":663,"y":768,"width":36,"height":7}},{"id":"e7c0fd47-8b16-40e9-bb19-80a03acd6a73","block_type":"box","text":"Year Ended","page_number":33,"box":{"x":735,"y":756,"width":49,"height":7}},{"id":"575436fb-72d4-4a9b-9c1e-5dfbf2b27ec5","block_type":"box","text":"12/31/23","page_number":33,"box":{"x":749,"y":768,"width":36,"height":7}},{"id":"26f2a4f2-a6ad-417e-8fdd-ab646945a4bb","block_type":"box","text":"(a)","page_number":33,"box":{"x":786,"y":767,"width":9,"height":5}},{"id":"18301dcb-070d-4bf1-8182-07a259dec9c3","block_type":"box","text":"Year Ended","page_number":33,"box":{"x":815,"y":756,"width":50,"height":7}},{"id":"eafc30ab-909c-4a5e-a51c-c9de3d33e45d","block_type":"box","text":"12/31/22","page_number":33,"box":{"x":830,"y":768,"width":36,"height":7}},{"id":"10199500-5197-42a3-9d62-2395a4dbbf7b","block_type":"box","text":"(a)","page_number":33,"box":{"x":867,"y":767,"width":8,"height":5}},{"id":"1529c537-e5ef-491c-a94c-08b1eb5e9209","block_type":"box","text":"Period from","page_number":33,"box":{"x":896,"y":745,"width":49,"height":6}},{"id":"cd0d995f-564c-45b6-9d02-8f0f50d2f49a","block_type":"box","text":"07/12/21","page_number":33,"box":{"x":909,"y":756,"width":35,"height":7}},{"id":"73b3d578-0901-4755-a50e-744cebf79a82","block_type":"box","text":"(b)","page_number":33,"box":{"x":947,"y":755,"width":8,"height":5}},{"id":"6c594816-b0f5-47a9-97c4-b19452a80d0e","block_type":"box","text":"to 12/31/21","page_number":33,"box":{"x":897,"y":768,"width":46,"height":7}},{"id":"1b64d06e-14f4-4d97-8a4d-69b10828c64d","block_type":"box","text":"Expense ratios","page_number":33,"box":{"x":47,"y":784,"width":72,"height":10}},{"id":"add83630-c7d6-4d84-8deb-8190f75108f4","block_type":"box","text":"..............................................................","page_number":33,"box":{"x":121,"y":791,"width":309,"height":1}},{"id":"71eef14b-1869-4f00-8cbd-0ecf1a66ce72","block_type":"box","text":"2.65% N/A N/A N/A 2.80% 2.37%","page_number":33,"box":{"x":508,"y":784,"width":446,"height":8}},{"id":"b5ee6178-ebf2-4e07-80e1-5860968ea995","block_type":"box","text":"(k)","page_number":33,"box":{"x":30,"y":808,"width":9,"height":6}},{"id":"e47e282c-4e07-489e-b588-a112d777c9dc","block_type":"box","text":"Annualized.","page_number":33,"box":{"x":49,"y":810,"width":56,"height":7}},{"id":"93706344-817e-4538-9cd2-c98ca9a6c6ef","block_type":"box","text":"(l)","page_number":33,"box":{"x":30,"y":821,"width":7,"height":6}},{"id":"8ffa5a2a-7c6a-4c2d-a142-ec4e39c1fcf0","block_type":"box","text":"Includes non-recurring expenses of offering costs. Without these costs, total expense, total expenses after fees waived and/or reimbursed, and tot","page_number":33,"box":{"x":50,"y":822,"width":733,"height":10}},{"id":"e27a6325-55f0-4da6-9e42-2e6f21cac3d7","block_type":"box","text":"al expenses after fees waived and/or","page_number":33,"box":{"x":784,"y":822,"width":185,"height":10}},{"id":"e854a3c9-82a1-4e55-a076-dc21de37822d","block_type":"box","text":"reimbursed and excluding interest expense and fees would have been 2.86, 2.85% and 2.24%, respectively.","page_number":33,"box":{"x":50,"y":834,"width":524,"height":10}},{"id":"84990984-f8b8-4ab2-9400-e5a560af5608","block_type":"box","text":"(m)","page_number":33,"box":{"x":30,"y":845,"width":12,"height":6}},{"id":"2b3952f9-b511-43fe-9393-5103036e0b95","block_type":"box","text":"Portfolio turnover rate is representative of the Fund for the entire year.","page_number":33,"box":{"x":50,"y":847,"width":338,"height":9}},{"id":"1d72430d-ca92-4a93-9e84-cdc016903c40","block_type":"box","text":"See notes to consolidated financial statements.","page_number":33,"box":{"x":31,"y":867,"width":257,"height":9}},{"id":"14e7c5fa-62c3-4e05-9d73-a293ecde75f1","block_type":"box","text":"Financial Highlights","page_number":33,"box":{"x":31,"y":28,"width":165,"height":17}},{"id":"719f49b2-fa6f-4317-95ec-ed62a9474740","block_type":"box","text":"(continued)","page_number":33,"box":{"x":201,"y":32,"width":61,"height":11}},{"id":"580a7fa5-01ba-41cf-81f0-59bd97772e3d","block_type":"box","text":"(For a share outstanding throughout each period)","page_number":33,"box":{"x":30,"y":49,"width":269,"height":11}},{"id":"717afea4-1086-44a1-8097-4465bf585e98","block_type":"box","text":"F","page_number":33,"box":{"x":31,"y":967,"width":5,"height":7}},{"id":"c17e0f3e-6571-49a3-b85e-ce70ac79ad8d","block_type":"box","text":"INANCIAL","page_number":33,"box":{"x":41,"y":969,"width":62,"height":5}},{"id":"87510790-98c3-4725-8567-d5980f17fec4","block_type":"box","text":"H","page_number":33,"box":{"x":115,"y":967,"width":6,"height":7}},{"id":"41bf93d4-5467-4764-84c7-1c9525c16984","block_type":"box","text":"IGHLIGHTS","page_number":33,"box":{"x":127,"y":969,"width":72,"height":5}},{"id":"724450c6-3a17-4501-bcd9-b3f470cee684","block_type":"box","text":"NM0826U-5876566-33/56","page_number":33,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"ce4c33c6-de0c-40f7-be59-f8e3d1b13250","block_type":"box","text":"33","page_number":33,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"c79fe071-cef3-4847-8733-ed2e6fd84e64","block_type":"box","text":"1. ORGANIZATION","page_number":34,"box":{"x":32,"y":69,"width":146,"height":11}},{"id":"72b9f550-08ce-4a2c-bab7-39736aa9f89d","block_type":"box","text":"BlackRock HPS Credit Strategies Fund (the “Fund”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund is regi","page_number":34,"box":{"x":31,"y":101,"width":875,"height":11}},{"id":"e34e2939-4eef-4a12-a80e-a2a4addd6827","block_type":"box","text":"stered as a","page_number":34,"box":{"x":907,"y":101,"width":62,"height":9}},{"id":"0687710f-b347-4742-9b2a-d465fb0bb39d","block_type":"box","text":"diversified, closed-end management investment company that has elected to operate as an interval fund. The Fund is organized as a Delaware statutory","page_number":34,"box":{"x":30,"y":115,"width":850,"height":11}},{"id":"4d7fbca5-0d3e-4423-92f7-fd9bb3182beb","block_type":"box","text":"trust. The Fund","page_number":34,"box":{"x":884,"y":115,"width":85,"height":9}},{"id":"db9eedc7-3bf4-466c-a98f-e910af7a5cc0","block_type":"box","text":"engages in a continuous offering of shares and will offer to make quarterly repurchases of shares at net asset value (“NAV”), reduced by any applicable","page_number":34,"box":{"x":30,"y":129,"width":825,"height":11}},{"id":"40f93e09-6763-4e7f-bd6b-3a39a3154e0c","block_type":"box","text":"repurchase fee. The","page_number":34,"box":{"x":860,"y":129,"width":109,"height":11}},{"id":"449556dd-2c07-4ceb-afef-a58b02d3b153","block_type":"box","text":"Fund determines and makes available for publication the NAV of its shares on a daily basis. The Fund’s shares are offered for sale daily through its Dist","page_number":34,"box":{"x":31,"y":144,"width":816,"height":10}},{"id":"c1620d78-865d-441e-a911-62e64a45522a","block_type":"box","text":"ributor (defined below)","page_number":34,"box":{"x":848,"y":144,"width":121,"height":10}},{"id":"b970ad3a-33c8-4e97-8422-739baa867398","block_type":"box","text":"at the then-current NAV plus any applicable sales load. The price of the shares during the Fund’s continuous offering will fluctuate over time with the","page_number":34,"box":{"x":30,"y":158,"width":808,"height":11}},{"id":"d186d3e7-5e0d-4e47-aca5-04a8ce6ccf12","block_type":"box","text":"NAV of the shares. The","page_number":34,"box":{"x":843,"y":158,"width":126,"height":8}},{"id":"a54fe58e-0c84-4b78-8748-97352d48fbd3","block_type":"box","text":"sales load payable by each investor depends upon the amount invested in each share class by the investor in the Fund but may range from 0.00% to 3.50%.","page_number":34,"box":{"x":30,"y":172,"width":857,"height":11}},{"id":"baa48a44-bb06-495d-8435-d78d9c85f24f","block_type":"box","text":"The Fund offers five classes of shares designated as Institutional Shares, Class A Shares, Class J Shares, Class U Shares and Class W Shares. Each class","page_number":34,"box":{"x":30,"y":196,"width":854,"height":11}},{"id":"6c35576c-5adc-4075-b10e-3c4c9c855aef","block_type":"box","text":"of shares have","page_number":34,"box":{"x":889,"y":196,"width":80,"height":9}},{"id":"e909fb84-56a5-45ff-98b9-92ab2fce7a3f","block_type":"box","text":"identical voting, dividend, liquidation and other rights and will be subject to the same terms and conditions, except that Class A, Class U and Class W S","page_number":34,"box":{"x":31,"y":211,"width":822,"height":10}},{"id":"5a5e51f8-b598-44dc-888f-73252ba1aa0a","block_type":"box","text":"hares bear expenses","page_number":34,"box":{"x":855,"y":211,"width":114,"height":10}},{"id":"a321bb36-8191-4d7d-adc3-6ec842eb428e","block_type":"box","text":"related to the shareholder servicing and distribution of such shares.","page_number":34,"box":{"x":31,"y":225,"width":366,"height":11}},{"id":"5b49a5c1-6095-4088-8813-f712a8de8930","block_type":"box","text":"The Fund, together with certain other registered investment companies advised by BlackRock Advisors, LLC (the “Manager”) or its affiliates, is incl","page_number":34,"box":{"x":30,"y":249,"width":792,"height":11}},{"id":"77fe1712-1b8e-45c6-b4dc-2b26f0cfae2e","block_type":"box","text":"uded in a complex of funds","page_number":34,"box":{"x":824,"y":249,"width":145,"height":11}},{"id":"4492a9fe-0e35-48f6-ae3a-9df190886b8f","block_type":"box","text":"referred to as the BlackRock Fixed-Income Complex.","page_number":34,"box":{"x":31,"y":263,"width":288,"height":11}},{"id":"faac2b46-a81c-4b04-ae63-828d3746a5ee","block_type":"box","text":"Basis of Consolidation:","page_number":34,"box":{"x":31,"y":288,"width":136,"height":9}},{"id":"cb4b87aa-9591-4efc-9a7e-13ffc713655e","block_type":"box","text":"The accompanying consolidated financial statements of the Fund include the account of CREDX Subsidiary, LLC (the “Taxable Subsidiary”), which","page_number":34,"box":{"x":172,"y":288,"width":797,"height":11}},{"id":"5ce9b1d1-87d7-4475-ac50-a7d2f0f4083c","block_type":"box","text":"is a wholly-owned taxable subsidiary of the Fund. The Taxable Subsidiary enables the Fund to hold investments that may produce non-qualifying income","page_number":34,"box":{"x":31,"y":302,"width":823,"height":11}},{"id":"d72d4b5c-dc6c-46c1-bf6e-e211f6c7359f","block_type":"box","text":"for tax purposes and","page_number":34,"box":{"x":858,"y":302,"width":110,"height":11}},{"id":"eb240880-d4d7-46b0-8451-d64ef4d1780f","block_type":"box","text":"satisfy regulated investment company tax requirements. Income earned and gains realized on the investment held by the Taxable Subsidiary are taxabl","page_number":34,"box":{"x":30,"y":316,"width":817,"height":11}},{"id":"df805d06-ecfa-46ab-86b1-e13d3f06dd45","block_type":"box","text":"e to such subsidiary. A","page_number":34,"box":{"x":849,"y":316,"width":120,"height":11}},{"id":"c9fe4998-20e2-45c3-9397-dc58675bfc6a","block_type":"box","text":"tax provision for income, if any, is shown as income tax in the Consolidated Statement of Operations for the Fund. A tax provision for realized and unrea","page_number":34,"box":{"x":30,"y":330,"width":829,"height":11}},{"id":"05739eae-903c-46b3-8d79-4f546c058e0b","block_type":"box","text":"lized gains, if any, is","page_number":34,"box":{"x":860,"y":331,"width":109,"height":10}},{"id":"7887bf16-670e-4870-bc81-2286bbe6d456","block_type":"box","text":"included as a reduction of realized and/or unrealized gain (loss) in the Consolidated Statement of Operations for the Fund. The Fund may invest up to 25","page_number":34,"box":{"x":31,"y":345,"width":831,"height":11}},{"id":"9571bded-da76-420b-9ba2-cfbe6145862c","block_type":"box","text":"% of its total assets","page_number":34,"box":{"x":864,"y":345,"width":105,"height":8}},{"id":"366fd393-04a8-4d1d-b3bb-139e06736e82","block_type":"box","text":"in the Taxable Subsidiary. The net assets of the Taxable Subsidiary as of period end were $1,158,507 which is 0.2% of the Fund’s consolidated net assets","page_number":34,"box":{"x":31,"y":358,"width":855,"height":12}},{"id":"7bfeba92-b0f0-469a-8173-6b04f1478817","block_type":"box","text":". Intercompany","page_number":34,"box":{"x":888,"y":359,"width":81,"height":11}},{"id":"8be92e09-1715-4a4e-84e9-fe0557e5c100","block_type":"box","text":"accounts and transactions, if any, have been eliminated.","page_number":34,"box":{"x":30,"y":373,"width":307,"height":11}},{"id":"3449c809-b6ab-4a20-8378-fa62d37d3456","block_type":"box","text":"2. SIGNIFICANT ACCOUNTING POLICIES","page_number":34,"box":{"x":31,"y":403,"width":316,"height":11}},{"id":"96d33ac8-d613-4a4a-a06f-d978b73fd433","block_type":"box","text":"The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U","page_number":34,"box":{"x":30,"y":434,"width":810,"height":11}},{"id":"da61553d-12b6-44ed-b422-370e04bfac70","block_type":"box","text":".S. GAAP”), which may","page_number":34,"box":{"x":842,"y":434,"width":127,"height":11}},{"id":"1d23dee4-733e-4c9d-bd11-1a08f31a0154","block_type":"box","text":"require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the consolidated financial state","page_number":34,"box":{"x":31,"y":448,"width":825,"height":11}},{"id":"9ba294da-9114-405b-9013-288276544846","block_type":"box","text":"ments, disclosure of","page_number":34,"box":{"x":858,"y":448,"width":112,"height":11}},{"id":"ea2f6143-b23d-4904-9e7d-e2ec786d0b41","block_type":"box","text":"contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of increases and decreases in net ass","page_number":34,"box":{"x":30,"y":463,"width":797,"height":11}},{"id":"9ab0f089-9561-452c-b1cb-222b1e5bf5c9","block_type":"box","text":"ets from operations during","page_number":34,"box":{"x":828,"y":463,"width":141,"height":11}},{"id":"aa9f0a9c-9c53-410c-922b-a9d788722a58","block_type":"box","text":"the reporting period. Actual results could differ from those estimates. The Fund is considered an investment company under U.S. GAAP and follows the a","page_number":34,"box":{"x":30,"y":477,"width":861,"height":11}},{"id":"7ba0751e-20e7-4fff-b203-eca64cedec26","block_type":"box","text":"ccounting and","page_number":34,"box":{"x":892,"y":477,"width":77,"height":11}},{"id":"a2757bd3-c3d8-423e-b14f-1acd8ccf99bd","block_type":"box","text":"reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:","page_number":34,"box":{"x":31,"y":491,"width":602,"height":11}},{"id":"90a59e94-032b-49cd-84af-583a711a34f8","block_type":"box","text":"Investment Transactions and Income Recognition:","page_number":34,"box":{"x":31,"y":516,"width":296,"height":10}},{"id":"c8a86171-7d78-42f6-b7ca-8e5ba9699ecf","block_type":"box","text":"For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed.","page_number":34,"box":{"x":333,"y":516,"width":635,"height":10}},{"id":"5f68f910-8f64-4033-b396-191f55d1d101","block_type":"box","text":"Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain dis","page_number":34,"box":{"x":31,"y":530,"width":824,"height":11}},{"id":"17e8bb15-c60b-48d2-8e7b-bed1bba5d113","block_type":"box","text":"tributions, if any, are","page_number":34,"box":{"x":856,"y":530,"width":113,"height":11}},{"id":"c06bdb79-50fe-4e2c-b974-2ae6062d26fd","block_type":"box","text":"recorded on the ex-dividend dates. Non-cash dividends, if any, are recorded on the ex-dividend dates at fair value. Dividends from foreign securitie","page_number":34,"box":{"x":31,"y":544,"width":806,"height":11}},{"id":"c3cba28a-03b5-4a15-9d17-3f682ee6c734","block_type":"box","text":"s where the ex-dividend","page_number":34,"box":{"x":838,"y":544,"width":131,"height":8}},{"id":"3fdde2d6-7ac0-4408-a5a6-ca663fbfbb06","block_type":"box","text":"dates may have passed are subsequently recorded when the Fund is informed of the ex-dividend dates. Under the applicable foreign tax laws, a withholdi","page_number":34,"box":{"x":30,"y":558,"width":847,"height":11}},{"id":"719e3886-bf9f-41e4-8e1b-bc4a7085c442","block_type":"box","text":"ng tax at various","page_number":34,"box":{"x":878,"y":558,"width":91,"height":11}},{"id":"c7d582f8-bbaa-478e-a9df-8429d8f5deb7","block_type":"box","text":"rates may be imposed on capital gains, dividends and interest. Upon notification from issuers, a portion of the dividend income received from a real es","page_number":34,"box":{"x":31,"y":572,"width":802,"height":11}},{"id":"ffc581a3-4997-4fe6-85ab-a3e94230c97b","block_type":"box","text":"tate investment trust may","page_number":34,"box":{"x":833,"y":572,"width":136,"height":11}},{"id":"a928a5cd-e5f0-4d87-8ff1-e1b0c7e3656b","block_type":"box","text":"be redesignated as a reduction of cost of the related investment and/or realized gain. Interest income, including amortization and accretion of prem","page_number":34,"box":{"x":31,"y":586,"width":789,"height":11}},{"id":"ea9892ae-e61b-4be1-9513-17a57660812b","block_type":"box","text":"iums and discounts on debt","page_number":34,"box":{"x":822,"y":587,"width":147,"height":8}},{"id":"23186dc2-704a-4a12-8143-93e0899d03b3","block_type":"box","text":"securities, and payment-in-kind interest are recognized daily on an accrual basis. Income, expenses and realized and unrealized gains and losses ar","page_number":34,"box":{"x":30,"y":601,"width":808,"height":10}},{"id":"e3f345a4-5b61-4ef3-b316-840169ae130e","block_type":"box","text":"e allocated daily to each","page_number":34,"box":{"x":838,"y":601,"width":131,"height":10}},{"id":"76cb4dd6-276c-44a0-b637-7eb7fd3e6054","block_type":"box","text":"class based on its relative net assets. For convertible securities, premiums attributable to the debt instrument are amortized, but premiums attrib","page_number":34,"box":{"x":30,"y":615,"width":805,"height":11}},{"id":"9f87ec46-e281-4333-adcc-8d8d50435bf9","block_type":"box","text":"utable to the conversion","page_number":34,"box":{"x":836,"y":615,"width":133,"height":8}},{"id":"9e7bd2ce-e83d-44f7-b6d9-fa6af5a9a657","block_type":"box","text":"feature are not amortized.","page_number":34,"box":{"x":30,"y":629,"width":141,"height":9}},{"id":"0a25e509-d2a3-4587-b66c-e79fe2e9af70","block_type":"box","text":"Foreign Currency Translation:","page_number":34,"box":{"x":31,"y":653,"width":171,"height":11}},{"id":"9e5d3260-414a-40fc-a2fc-a6a268bc1407","block_type":"box","text":"The Fund’s books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are","page_number":34,"box":{"x":206,"y":653,"width":763,"height":11}},{"id":"d6a67ae0-ae91-4404-987d-3a5dfc49a61d","block_type":"box","text":"translated into U.S. dollars using exchange rates determined as of the close of trading on the New York Stock Exchange (“NYSE”). Purchases and sales of","page_number":34,"box":{"x":30,"y":668,"width":849,"height":10}},{"id":"7f1a610c-4b54-45c4-8dac-01a846f7d3b9","block_type":"box","text":"investments are","page_number":34,"box":{"x":883,"y":668,"width":86,"height":8}},{"id":"bd42f987-e627-4462-b0b2-5faca8f5f161","block_type":"box","text":"recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a for","page_number":34,"box":{"x":31,"y":682,"width":839,"height":11}},{"id":"1ef71735-8f35-4d19-88c0-cf5cf102808f","block_type":"box","text":"eign currency, the","page_number":34,"box":{"x":870,"y":682,"width":99,"height":11}},{"id":"88018b19-2f7c-463a-995a-074769db6199","block_type":"box","text":"investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.","page_number":34,"box":{"x":31,"y":696,"width":665,"height":11}},{"id":"d0a0736e-ea55-441c-852a-b9712964f219","block_type":"box","text":"The Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for f","page_number":34,"box":{"x":30,"y":720,"width":789,"height":11}},{"id":"40ef49f5-ae72-47ed-acc8-060f8a3f38e2","block_type":"box","text":"inancial reporting purposes.","page_number":34,"box":{"x":819,"y":721,"width":149,"height":10}},{"id":"ef8898bb-fa20-44c9-9d1a-f08bdef5fcf7","block_type":"box","text":"Accordingly, the effects of changes in exchange rates on investments are not segregated in the Consolidated Statement of Operations from the effects","page_number":34,"box":{"x":30,"y":735,"width":821,"height":11}},{"id":"ec9b3fa1-1d22-40e6-b4a5-ef965c3d7e2c","block_type":"box","text":"of changes in market","page_number":34,"box":{"x":855,"y":735,"width":114,"height":11}},{"id":"ee1b2502-0cc2-4e63-9aad-ef650c014893","block_type":"box","text":"prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. The Fund reports realized cu","page_number":34,"box":{"x":31,"y":749,"width":823,"height":11}},{"id":"529d2f4c-3782-4dd9-8641-5ff55c6b4b3f","block_type":"box","text":"rrency gains (losses)","page_number":34,"box":{"x":856,"y":749,"width":113,"height":11}},{"id":"551c8032-8ca5-4f06-b62a-3c781ced2340","block_type":"box","text":"on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are ge","page_number":34,"box":{"x":30,"y":763,"width":798,"height":11}},{"id":"91be09b1-2a65-45e6-bfb0-14fa40cbcd11","block_type":"box","text":"nerally treated as ordinary","page_number":34,"box":{"x":829,"y":763,"width":140,"height":11}},{"id":"b3c52a37-e379-4be4-8365-c347794afeb5","block_type":"box","text":"income for U.S. federal income tax purposes. The Fund has elected to treat realized gains (losses) from certain forward foreign currency exchange con","page_number":34,"box":{"x":31,"y":777,"width":824,"height":11}},{"id":"68e23f0b-0be9-4fff-85e9-000881b0aa84","block_type":"box","text":"tracts as capital gain","page_number":34,"box":{"x":857,"y":777,"width":112,"height":11}},{"id":"26f435d1-effe-4c56-9e7b-6537aa9abd76","block_type":"box","text":"(loss) for U.S. federal income tax purposes.","page_number":34,"box":{"x":30,"y":791,"width":237,"height":11}},{"id":"a715215b-4a86-4853-a5d7-6e7edb329324","block_type":"box","text":"Foreign Taxes:","page_number":34,"box":{"x":31,"y":816,"width":82,"height":11}},{"id":"02c3e4bd-93fd-48a8-b05c-34bc11588b07","block_type":"box","text":"The Fund may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, capital gains on investments, or certain fo","page_number":34,"box":{"x":118,"y":816,"width":823,"height":11}},{"id":"517331c1-9591-4bd7-98b9-73bc6bdf8771","block_type":"box","text":"reign","page_number":34,"box":{"x":943,"y":816,"width":26,"height":11}},{"id":"014eaaac-a7b6-4f9f-863f-9c7ee45ead22","block_type":"box","text":"currency transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign j","page_number":34,"box":{"x":30,"y":830,"width":777,"height":11}},{"id":"c81e6c85-c412-4c6f-9eb6-f494a257989d","block_type":"box","text":"urisdictions in which the Fund","page_number":34,"box":{"x":809,"y":830,"width":160,"height":9}},{"id":"1cb2d20d-93d6-4af6-ba41-d57ede0ab7cd","block_type":"box","text":"invests. These foreign taxes, if any, are paid by the Fund and are reflected in its Consolidated Statement of Operations as follows: foreign taxes with","page_number":34,"box":{"x":31,"y":844,"width":835,"height":11}},{"id":"6084e7ac-a978-441d-a589-9968f1959ba0","block_type":"box","text":"held at source are","page_number":34,"box":{"x":868,"y":844,"width":101,"height":9}},{"id":"e52b0d0c-0bbb-49f7-a399-b4df614da97c","block_type":"box","text":"presented as a reduction of income, foreign taxes on securities lending income are presented as a reduction of securities lending income, foreign tax","page_number":34,"box":{"x":31,"y":858,"width":800,"height":11}},{"id":"0ae8b92b-0455-4056-b289-39d3784425bc","block_type":"box","text":"es on stock dividends are","page_number":34,"box":{"x":832,"y":859,"width":137,"height":8}},{"id":"f2bd23a2-edc9-4a44-89d9-fbf174797d5d","block_type":"box","text":"presented as “Foreign taxes withheld”, and foreign taxes on capital gains from sales of investments and foreign taxes on foreign currency transactio","page_number":34,"box":{"x":31,"y":873,"width":812,"height":10}},{"id":"97f0be59-6cbf-4acb-aab0-01965d5d7c2d","block_type":"box","text":"ns are included in their","page_number":34,"box":{"x":844,"y":873,"width":126,"height":8}},{"id":"f89f84de-a934-4093-9e84-8914deb56641","block_type":"box","text":"respective net realized gain (loss) categories. Foreign taxes payable or deferred as of June 30, 2026, if any, are disclosed in the Consolidated State","page_number":34,"box":{"x":31,"y":887,"width":829,"height":11}},{"id":"3b3a6b1d-f205-4621-9d38-53ee48d46773","block_type":"box","text":"ment of Assets and","page_number":34,"box":{"x":862,"y":887,"width":107,"height":8}},{"id":"a1889962-c8ad-463e-9665-e914863ed5d9","block_type":"box","text":"Liabilities.","page_number":34,"box":{"x":31,"y":901,"width":52,"height":9}},{"id":"b9de52e9-d979-4c67-8908-b332a6bbb554","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":34,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"ca20f2fc-0ea3-4d70-b379-4d4bfd61337e","block_type":"box","text":"(unaudited)","page_number":34,"box":{"x":411,"y":32,"width":61,"height":11}},{"id":"cfb11349-ef17-485a-ad5d-a239beca712b","block_type":"box","text":"34","page_number":34,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"e695fe3a-83ce-4ae2-bec7-6b112ba59a1e","block_type":"box","text":"2026","page_number":34,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"64fa7084-f95e-4b36-8a85-1871500bc3c9","block_type":"box","text":"B","page_number":34,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"53b6367e-b487-4ae9-8ad5-f0184ae8826c","block_type":"box","text":"LACK","page_number":34,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"8a2b1533-4601-4d8c-aeb2-9662a1f970d7","block_type":"box","text":"R","page_number":34,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"243ddcb5-b5e7-4ad9-aa6a-0e47b3a28087","block_type":"box","text":"OCK","page_number":34,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"967600f1-3d62-4288-bd0f-b6d6f27a21f1","block_type":"box","text":"S","page_number":34,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"f390b201-9113-4d30-9865-a04144f2a0e5","block_type":"box","text":"EMI","page_number":34,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"d0eaedde-8c05-459b-a45f-33ed404a80a4","block_type":"box","text":"-A","page_number":34,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"f4b35149-b3b0-44ff-976c-7cda20eebfff","block_type":"box","text":"NNUAL","page_number":34,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"9e2a5f0d-c684-43b4-a1fe-390be83b522d","block_type":"box","text":"NM0826U-5876566-34/56 R EPORT TO S HARE","page_number":34,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"e9cb9759-8a92-4fef-92e0-8e4c1ea52613","block_type":"box","text":"NM\r\nR","page_number":34,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"1585bf8f-3a10-4116-bff1-5c4ffa724cf2","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":34,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"2c477e81-3817-4eb9-aee5-46489d3a10ad","block_type":"box","text":"66\r\nS","page_number":34,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"150ea148-7a11-4e84-909a-1a7e0a567e62","block_type":"box","text":"-34/56 \r\nHAREHOLDERS","page_number":34,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"ad73cbaa-a54e-48ad-bfcc-6b3b6b3071d0","block_type":"box","text":"The Fund files withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. The Fund may record a reclaim re","page_number":35,"box":{"x":30,"y":69,"width":837,"height":11}},{"id":"8c118cb0-1d42-48ed-a969-c95acd423f47","block_type":"box","text":"ceivable based on","page_number":35,"box":{"x":868,"y":70,"width":101,"height":8}},{"id":"b580572c-756f-4603-b65e-4aae6ad2e551","block_type":"box","text":"collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. The Consolidated State","page_number":35,"box":{"x":30,"y":84,"width":767,"height":11}},{"id":"06bfeba3-c7b3-4a91-92bb-18a7c3f822f5","block_type":"box","text":"ment of Operations includes tax","page_number":35,"box":{"x":799,"y":84,"width":170,"height":10}},{"id":"30c3c94d-ad06-443f-b4f3-d0a0d8899206","block_type":"box","text":"reclaims recorded as well as professional and other fees, if any, associated with recovery of foreign withholding taxes.","page_number":35,"box":{"x":31,"y":98,"width":642,"height":11}},{"id":"b3c9c700-f6c7-41e0-a28c-e77fd4803f86","block_type":"box","text":"Cash:","page_number":35,"box":{"x":30,"y":122,"width":33,"height":9}},{"id":"bb7f1f7d-cba4-4703-b70a-0b960bfe0d5d","block_type":"box","text":"The Fund may maintain cash at its custodian, which at times may exceed United States federally insured limits. The Fund may, at times, have outstanding","page_number":35,"box":{"x":69,"y":122,"width":869,"height":11}},{"id":"8359abf1-45d6-4d7a-add3-09d5a748bb99","block_type":"box","text":"cash","page_number":35,"box":{"x":944,"y":122,"width":25,"height":9}},{"id":"98a1a8e3-24ed-4202-a7ec-0a7539f01ef8","block_type":"box","text":"disbursements that exceed deposited cash amounts at the custodian during the reporting period. The Fund is obligated to repay the custodian for any ov","page_number":35,"box":{"x":30,"y":136,"width":825,"height":11}},{"id":"cff3d220-bc6e-4bff-b23f-3f5e0f96378e","block_type":"box","text":"erdraft, including any","page_number":35,"box":{"x":856,"y":136,"width":113,"height":11}},{"id":"9f656e17-2c58-4f31-9f52-b2e2777542b2","block_type":"box","text":"related costs or expenses, where applicable. For financial reporting purposes, overdraft fees, if any, are included in interest expense in the Conso","page_number":35,"box":{"x":31,"y":151,"width":825,"height":11}},{"id":"8ca13c90-51fd-4d98-84bd-6e8580896a82","block_type":"box","text":"lidated Statement of","page_number":35,"box":{"x":857,"y":151,"width":113,"height":8}},{"id":"ae337917-9fc4-48b4-99aa-ba08bfee014b","block_type":"box","text":"Operations.","page_number":35,"box":{"x":30,"y":165,"width":63,"height":11}},{"id":"ef231076-2ee4-4d05-bc42-d07d5d4a83d2","block_type":"box","text":"Collateralization:","page_number":35,"box":{"x":30,"y":189,"width":99,"height":9}},{"id":"1a1d2e88-5eae-4182-a818-16cd4b3a5088","block_type":"box","text":"If required by an exchange or counterparty agreement, the Fund may be required to deliver/deposit cash and/or securities to/with an exchange, or brok","page_number":35,"box":{"x":134,"y":189,"width":820,"height":11}},{"id":"619e855d-9b32-4a09-842e-7da6cc5730cb","block_type":"box","text":"er","page_number":35,"box":{"x":955,"y":192,"width":14,"height":6}},{"id":"5e1bdf39-e07d-4933-9829-4afd41097e83","block_type":"box","text":"dealer or custodian as collateral for certain investments.","page_number":35,"box":{"x":30,"y":204,"width":305,"height":8}},{"id":"655ac19f-d0b2-40fb-be15-38f69fc99d21","block_type":"box","text":"Distributions:","page_number":35,"box":{"x":31,"y":228,"width":78,"height":9}},{"id":"e770df79-73eb-4743-af32-aefb923ee598","block_type":"box","text":"Distributions from net investment income are declared daily and paid monthly. Distributions of capital gains are recorded on the ex-dividend dates a","page_number":35,"box":{"x":114,"y":228,"width":794,"height":11}},{"id":"9b089054-83c6-4a8e-b1c6-4bc0158f97fa","block_type":"box","text":"nd made at","page_number":35,"box":{"x":909,"y":228,"width":60,"height":9}},{"id":"629e6642-7c9b-47bd-a2a5-61b4f1ca2d94","block_type":"box","text":"least annually. The character and timing of distributions are determined in accordance with U.S. federal income tax regulations, which may differ fr","page_number":35,"box":{"x":31,"y":242,"width":798,"height":11}},{"id":"3761d525-d6cc-42a8-b15d-77ad684d3c9c","block_type":"box","text":"om U.S. GAAP.","page_number":35,"box":{"x":829,"y":242,"width":83,"height":9}},{"id":"be42bf9f-a897-41f4-8df5-3a491e228fa0","block_type":"box","text":"Deferred Compensation Plan:","page_number":35,"box":{"x":31,"y":267,"width":172,"height":10}},{"id":"41d342e9-7172-43a1-bb6c-abe9813e8cba","block_type":"box","text":"Under the Deferred Compensation Plan (the “Plan”) approved by the Board of Trustees of the Fund (the “Board”), the trustees who are not","page_number":35,"box":{"x":209,"y":267,"width":761,"height":11}},{"id":"cbb25394-f5a0-4cdb-8245-a9ce3a0f1eff","block_type":"box","text":"“interested persons” of the Fund, as defined in the 1940 Act (“Independent Trustees”), may defer a portion of their annual complex-wide compensation","page_number":35,"box":{"x":30,"y":281,"width":806,"height":11}},{"id":"d171378a-53e1-47b4-9fd6-eb87a07513c5","block_type":"box","text":". Deferred amounts earn","page_number":35,"box":{"x":838,"y":281,"width":131,"height":8}},{"id":"be414bb6-0649-45b9-b98c-6391e5bc629d","block_type":"box","text":"an approximate return as though equivalent dollar amounts had been invested in common shares of certain funds in the BlackRock Fixed-Income Complex s","page_number":35,"box":{"x":30,"y":295,"width":861,"height":11}},{"id":"f35e326c-5632-4242-a99e-464620c99d04","block_type":"box","text":"elected by the","page_number":35,"box":{"x":892,"y":295,"width":77,"height":11}},{"id":"f41ab94f-cc67-4eaa-92dd-d2c848eb7d7d","block_type":"box","text":"Independent Trustees. This has the same economic effect for the Independent Trustees as if the Independent Trustees had invested the deferred amount","page_number":35,"box":{"x":31,"y":309,"width":836,"height":11}},{"id":"3f369508-3f57-4271-968c-a5a5b7c7ca9d","block_type":"box","text":"s directly in certain","page_number":35,"box":{"x":867,"y":309,"width":101,"height":11}},{"id":"538fab54-5842-47a4-9682-806566f61582","block_type":"box","text":"funds in the BlackRock Fixed-Income Complex.","page_number":35,"box":{"x":30,"y":323,"width":259,"height":11}},{"id":"d4216a06-bfaa-406a-9310-e496712987ff","block_type":"box","text":"The Plan is not funded and obligations thereunder represent general unsecured claims against the general assets of the Fund, as applicable. Deferred","page_number":35,"box":{"x":30,"y":348,"width":806,"height":11}},{"id":"611fe61f-21c3-4bee-80ad-63a3b5eadb19","block_type":"box","text":"compensation liabilities,","page_number":35,"box":{"x":840,"y":348,"width":128,"height":11}},{"id":"6f2b3940-cd71-4883-b390-fcf153feaff5","block_type":"box","text":"if any, are included in the Trustees’ and Officer’s fees payable in the Consolidated Statement of Assets and Liabilities and will remain as a liability","page_number":35,"box":{"x":31,"y":362,"width":812,"height":11}},{"id":"a4b31a91-768f-4e66-a0d6-e30359b66dbf","block_type":"box","text":"of the Fund until such","page_number":35,"box":{"x":848,"y":362,"width":121,"height":9}},{"id":"da2493ae-62ed-4326-8879-1b77db60cdf4","block_type":"box","text":"amounts are distributed in accordance with the Plan. Net appreciation (depreciation) in the value of participants’ deferral accounts is allocated a","page_number":35,"box":{"x":30,"y":376,"width":783,"height":11}},{"id":"f4c551e2-13af-44bb-b841-470f6b12001f","block_type":"box","text":"mong the participating funds","page_number":35,"box":{"x":815,"y":376,"width":154,"height":11}},{"id":"6173b5e0-7852-4a82-a45e-f1d37dcad051","block_type":"box","text":"in the BlackRock Fixed-Income Complex and reflected as Trustees and Officer expense on the Consolidated Statement of Operations. The Trustees and Off","page_number":35,"box":{"x":31,"y":390,"width":839,"height":11}},{"id":"478ecbc0-918e-421e-80ff-0d805146297e","block_type":"box","text":"fficer expense may","page_number":35,"box":{"x":870,"y":390,"width":99,"height":11}},{"id":"c6fe33ce-ac27-4413-b993-3f8a1549dc0a","block_type":"box","text":"be negative as a result of a decrease in value of the deferred accounts.","page_number":35,"box":{"x":31,"y":405,"width":388,"height":11}},{"id":"0fdc8598-0111-4711-8556-87acc00d1ab9","block_type":"box","text":"Offering Costs:","page_number":35,"box":{"x":30,"y":429,"width":88,"height":11}},{"id":"d2b1594e-d110-461e-85ef-967242d4a13d","block_type":"box","text":"Offering costs are amortized over a 12-month period beginning with the commencement of operations of a class of shares.","page_number":35,"box":{"x":124,"y":429,"width":669,"height":11}},{"id":"cbf60348-c7a6-425c-bd8f-a5dae61c4b0b","block_type":"box","text":"Indemnifications:","page_number":35,"box":{"x":31,"y":454,"width":100,"height":8}},{"id":"6025741f-4f62-45a6-9f83-36973afdb09d","block_type":"box","text":"In the normal course of business, the Fund enters into contracts that contain a variety of representations that provide general indemnification. The","page_number":35,"box":{"x":137,"y":454,"width":791,"height":10}},{"id":"2d892ca5-a021-49af-99f2-d0642d5d7b9f","block_type":"box","text":"Fund’s","page_number":35,"box":{"x":933,"y":454,"width":36,"height":8}},{"id":"55ec69e3-7fd7-4d38-8b27-72cba4607467","block_type":"box","text":"maximum exposure under these arrangements is unknown because it involves future potential claims against the Fund, which cannot be predicted with an","page_number":35,"box":{"x":31,"y":468,"width":842,"height":11}},{"id":"66422ef4-eeba-4a81-bdd0-0d07419820f1","block_type":"box","text":"y certainty.","page_number":35,"box":{"x":874,"y":468,"width":58,"height":11}},{"id":"d7600729-3a32-452b-8778-902f42e2a7bc","block_type":"box","text":"Other:","page_number":35,"box":{"x":30,"y":492,"width":36,"height":9}},{"id":"5bde3e25-e2b2-486a-82e3-cc90e3c44d2c","block_type":"box","text":"Expenses directly related to the Fund or its classes are charged to the Fund or the applicable class. Expenses directly related to the Fund and other sha","page_number":35,"box":{"x":72,"y":492,"width":823,"height":11}},{"id":"c74dce85-ca2b-49ec-af9f-35ea323aa9eb","block_type":"box","text":"red expenses","page_number":35,"box":{"x":896,"y":492,"width":73,"height":11}},{"id":"b202e2e8-4e83-4741-952a-25410a086808","block_type":"box","text":"prorated to the Fund are allocated daily to each class based on its relative net assets or other appropriate methods. Other operating expenses shared b","page_number":35,"box":{"x":31,"y":506,"width":849,"height":11}},{"id":"3ec16ee7-f89b-440a-9284-8bd462ff239b","block_type":"box","text":"y several funds,","page_number":35,"box":{"x":881,"y":506,"width":87,"height":11}},{"id":"1dca3fbe-c6ab-4d78-a8a8-0f444ace7d83","block_type":"box","text":"including other funds managed by the Manager, are prorated among those funds on the basis of relative net assets or other appropriate methods.","page_number":35,"box":{"x":31,"y":521,"width":794,"height":11}},{"id":"33d6a062-6397-45ac-938b-5fb8d86d82a0","block_type":"box","text":"Segment Reporting:","page_number":35,"box":{"x":30,"y":545,"width":117,"height":11}},{"id":"a4e76b1e-31bd-40a6-af73-876f2c27077d","block_type":"box","text":"The Chief Financial Officer acts as the Fund’s Chief Operating Decision Maker (“CODM”) and is responsible for assessing performance and allocating","page_number":35,"box":{"x":152,"y":545,"width":817,"height":11}},{"id":"843b0302-15c2-48f7-82d0-99ce80fbf423","block_type":"box","text":"resources with respect to the Fund. The CODM has concluded that the Fund operates as a single operating segment since the Fund has a single investment st","page_number":35,"box":{"x":31,"y":559,"width":886,"height":11}},{"id":"ab72d25e-68e5-42c1-8033-b4179173340a","block_type":"box","text":"rategy as","page_number":35,"box":{"x":918,"y":560,"width":51,"height":10}},{"id":"812283a8-8518-42b0-b501-7065cdc58b54","block_type":"box","text":"disclosed in its prospectus, against which the CODM assesses performance. The financial information provided to and reviewed by the CODM is presente","page_number":35,"box":{"x":30,"y":573,"width":836,"height":11}},{"id":"a6a83a41-f3c5-4fbd-afd1-1f653dda02e2","block_type":"box","text":"d within the Fund’s","page_number":35,"box":{"x":867,"y":574,"width":102,"height":8}},{"id":"fd4273aa-7b1a-447b-aad2-2ff858981293","block_type":"box","text":"financial statements.","page_number":35,"box":{"x":30,"y":588,"width":112,"height":8}},{"id":"bf01bdef-0991-4a92-839a-e3f91976bd3f","block_type":"box","text":"3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS","page_number":35,"box":{"x":31,"y":617,"width":496,"height":11}},{"id":"70b8c495-9b9e-474c-8051-8c2edcb43454","block_type":"box","text":"Investment Valuation Policies:","page_number":35,"box":{"x":31,"y":649,"width":176,"height":9}},{"id":"5c355bd3-3fa6-46be-b72a-521edb4cbfe2","block_type":"box","text":"The Fund’s investments are valued at fair value (also referred to as “market value” within the consolidated financial statements) each day","page_number":35,"box":{"x":212,"y":649,"width":757,"height":11}},{"id":"e070aaee-9dac-48aa-aa0e-a4aa686396dd","block_type":"box","text":"that the Fund is open for business and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would rec","page_number":35,"box":{"x":30,"y":663,"width":831,"height":11}},{"id":"7b5f5bc1-3f99-40a6-b92e-17cc32efb5b5","block_type":"box","text":"eive to sell an asset","page_number":35,"box":{"x":861,"y":663,"width":108,"height":9}},{"id":"f4238ca9-1e76-49cd-8793-75e79c236709","block_type":"box","text":"or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board has approved the designation o","page_number":35,"box":{"x":30,"y":677,"width":807,"height":11}},{"id":"14dbe67b-cc57-4e75-b809-b6942199e03e","block_type":"box","text":"f the Fund’s Manager as","page_number":35,"box":{"x":838,"y":677,"width":131,"height":11}},{"id":"a118095e-ccf5-4aa3-8032-1beb3e19cb96","block_type":"box","text":"the valuation designee for the Fund. The Fund determines the fair values of its financial instruments using various independent dealers or pricing se","page_number":35,"box":{"x":30,"y":691,"width":792,"height":11}},{"id":"b53252b5-1285-45a0-82ea-395eeb18285d","block_type":"box","text":"rvices under the Manager’s","page_number":35,"box":{"x":823,"y":692,"width":146,"height":10}},{"id":"d6c3661b-6260-497e-a4ab-4e8b7564a129","block_type":"box","text":"policies. If a security’s market price is not readily available or does not otherwise accurately represent the fair value of the security, the securit","page_number":35,"box":{"x":31,"y":706,"width":753,"height":11}},{"id":"28cbae9f-2872-4c69-9f37-c9739ac83e65","block_type":"box","text":"y will be valued in accordance with","page_number":35,"box":{"x":785,"y":706,"width":184,"height":11}},{"id":"f2f3aaee-49a1-4204-abb0-717bb61ea88a","block_type":"box","text":"the Manager’s policies and procedures as reflecting fair value. The Manager has formed a committee (the “Valuation Committee”) to develop pricing po","page_number":35,"box":{"x":30,"y":720,"width":822,"height":11}},{"id":"97586d52-a917-43b0-b9f4-7a62fe846d9b","block_type":"box","text":"licies and procedures","page_number":35,"box":{"x":853,"y":720,"width":116,"height":11}},{"id":"095fd3f6-85d0-4598-af6b-1261532198d9","block_type":"box","text":"and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.","page_number":35,"box":{"x":30,"y":734,"width":661,"height":11}},{"id":"5fb9e3b3-c481-4981-9a2d-c5ff682f6817","block_type":"box","text":"Fair Value Inputs and Methodologies:","page_number":35,"box":{"x":31,"y":759,"width":216,"height":10}},{"id":"e0350707-15f5-4044-bc59-2fcbe9aa3742","block_type":"box","text":"The following methods and inputs are used to establish the fair value of the Fund’s assets and liabilities:","page_number":35,"box":{"x":252,"y":759,"width":567,"height":10}},{"id":"1e26d680-3df7-41f8-acec-ababd14dac40","block_type":"box","text":"•","page_number":35,"box":{"x":47,"y":787,"width":4,"height":3}},{"id":"d478609e-b6b4-4f61-8821-8fdf8dd5db81","block_type":"box","text":"Equity investments (except ETF options, equity index options or those that are customized) traded on a recognized securities exchange are valued at t","page_number":35,"box":{"x":70,"y":784,"width":812,"height":11}},{"id":"924a259e-930d-48af-9182-0dd388c1feb4","block_type":"box","text":"hat day’s official","page_number":35,"box":{"x":883,"y":784,"width":86,"height":11}},{"id":"259d875c-9ae8-41a7-b4a4-b9140edadc5c","block_type":"box","text":"closing price, as applicable, on the exchange where the stock is primarily traded or, if a reported closing price is not available, the last traded pric","page_number":35,"box":{"x":70,"y":798,"width":784,"height":11}},{"id":"a291f87d-1e5e-4510-ab17-26b32497833f","block_type":"box","text":"e on the exchange or","page_number":35,"box":{"x":854,"y":799,"width":116,"height":10}},{"id":"86261959-9bb6-43fb-8787-97f84d10fc7a","block_type":"box","text":"market on which the security or instrument is primarily traded at the time of valuation or last available bid (long positions) or ask (short positions)","page_number":35,"box":{"x":70,"y":813,"width":787,"height":11}},{"id":"3d45b820-1994-4ace-989a-8c81eac49a6f","block_type":"box","text":"price.","page_number":35,"box":{"x":862,"y":813,"width":28,"height":10}},{"id":"c65ffbf7-1e60-4d51-970f-3fbaa54cca10","block_type":"box","text":"•","page_number":35,"box":{"x":47,"y":841,"width":4,"height":3}},{"id":"a5db763c-647a-43ca-9894-673885772126","block_type":"box","text":"Fixed-income investments and certain derivative instruments for which market quotations are readily available are generally valued using the last","page_number":35,"box":{"x":70,"y":838,"width":796,"height":11}},{"id":"bf5df871-aa4d-4c15-a485-ea8d07772fbb","block_type":"box","text":"available bid price","page_number":35,"box":{"x":870,"y":839,"width":99,"height":10}},{"id":"9a54056d-35d2-4c3b-99e3-f66f6f8de432","block_type":"box","text":"(including evaluated prices) provided by independent dealers or third-party pricing services. Floating rate loan interests are valued at the mean o","page_number":35,"box":{"x":70,"y":853,"width":790,"height":10}},{"id":"628b3ee9-3f7d-4fae-9d1f-b50b3b3aff98","block_type":"box","text":"f the bid prices from","page_number":35,"box":{"x":861,"y":853,"width":108,"height":10}},{"id":"4d97eb6d-0c47-4040-9b12-830d9151fabd","block_type":"box","text":"one or more independent brokers or dealers as obtained from a third-party pricing service. Pricing services generally value fixed-income securitie","page_number":35,"box":{"x":70,"y":867,"width":795,"height":11}},{"id":"57753553-2a12-41c5-9762-ebe728727e61","block_type":"box","text":"s assuming orderly","page_number":35,"box":{"x":866,"y":867,"width":103,"height":11}},{"id":"92bd930e-12ca-4654-9d8c-a7c289359c5d","block_type":"box","text":"transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots of securities in c","page_number":35,"box":{"x":69,"y":881,"width":791,"height":11}},{"id":"4248aee7-dfc7-43cb-acce-1748f26e4ec5","block_type":"box","text":"ertain asset classes","page_number":35,"box":{"x":861,"y":881,"width":108,"height":9}},{"id":"e04db5b1-b67b-4f8d-969d-cd73a0d71ae8","block_type":"box","text":"may trade at lower prices than institutional round lots, and the value ultimately realized when the securities are sold could differ from the prices us","page_number":35,"box":{"x":70,"y":895,"width":801,"height":11}},{"id":"e7d2707b-3768-4353-a592-547faa21683a","block_type":"box","text":"ed by a fund. The","page_number":35,"box":{"x":872,"y":895,"width":97,"height":11}},{"id":"6b488908-9106-4612-b62e-4169edf56de3","block_type":"box","text":"pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction dat","page_number":35,"box":{"x":70,"y":909,"width":819,"height":11}},{"id":"19cbd1e9-66c2-4be5-9d5f-10bf2171660c","block_type":"box","text":"a (e.g., recent","page_number":35,"box":{"x":890,"y":909,"width":79,"height":11}},{"id":"d36c2c58-38d2-4c42-a9b1-3ef9ca944a44","block_type":"box","text":"representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Cert","page_number":35,"box":{"x":70,"y":924,"width":808,"height":10}},{"id":"919fa6ac-d4de-4b3a-9f44-9e8381b6bfeb","block_type":"box","text":"ain fixed-income","page_number":35,"box":{"x":878,"y":924,"width":91,"height":8}},{"id":"9090dbb5-c3ae-4c19-a258-58caf2f4a933","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":35,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"09b3d079-f3fc-4db0-b335-f4c1fb798007","block_type":"box","text":"(unaudited) (continued)","page_number":35,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"032a4e05-fbb1-4360-8a3f-bfc0ad88a250","block_type":"box","text":"N","page_number":35,"box":{"x":31,"y":967,"width":6,"height":7}},{"id":"0acf2a94-a005-4763-b2aa-104c17732290","block_type":"box","text":"OTES TO","page_number":35,"box":{"x":42,"y":969,"width":57,"height":5}},{"id":"e6ceeb8b-de37-4ceb-b209-b6bc17f72c35","block_type":"box","text":"C","page_number":35,"box":{"x":111,"y":967,"width":7,"height":7}},{"id":"72f4bae7-0558-4811-8bcc-70a939d91066","block_type":"box","text":"ONSOLIDATED","page_number":35,"box":{"x":123,"y":969,"width":93,"height":5}},{"id":"e98f545c-f7ae-4652-a378-54261a9ab14a","block_type":"box","text":"F","page_number":35,"box":{"x":229,"y":967,"width":5,"height":7}},{"id":"86ee0986-eefd-45f4-9886-0edb7744d2c2","block_type":"box","text":"INANCIAL","page_number":35,"box":{"x":239,"y":969,"width":62,"height":5}},{"id":"55ca248f-9ba7-41d0-ba3e-e9ed0819a0d3","block_type":"box","text":"S","page_number":35,"box":{"x":313,"y":967,"width":6,"height":7}},{"id":"28562d1b-8bd3-45de-90b4-2b37b64c62b9","block_type":"box","text":"TATEMENTS","page_number":35,"box":{"x":324,"y":969,"width":76,"height":5}},{"id":"54df7add-587c-4233-aced-7ecd9e2a840b","block_type":"box","text":"NM0826U-5876566-35/56","page_number":35,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"4bbc68da-78b6-4f67-bc3e-d4482ed655e1","block_type":"box","text":"35","page_number":35,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"9a62fa3e-5c48-47f8-91e3-d837d0b4dd61","block_type":"box","text":"securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows o","page_number":36,"box":{"x":70,"y":69,"width":808,"height":11}},{"id":"49bf15c5-b1f8-466a-9c32-63946194f471","block_type":"box","text":"f each tranche of","page_number":36,"box":{"x":879,"y":69,"width":91,"height":9}},{"id":"e7eefb22-0d17-442b-afb7-8e52ac50669e","block_type":"box","text":"the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the t","page_number":36,"box":{"x":69,"y":84,"width":834,"height":11}},{"id":"96b503ca-9a44-4a7b-b49d-6f428d8f1420","block_type":"box","text":"ranche. The","page_number":36,"box":{"x":904,"y":84,"width":65,"height":8}},{"id":"148572fa-3dc7-4dba-8854-302d10a6e8a5","block_type":"box","text":"amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless the Manager determ","page_number":36,"box":{"x":70,"y":98,"width":846,"height":11}},{"id":"05454989-766d-41d8-be2e-b2430dba08b9","block_type":"box","text":"ines such","page_number":36,"box":{"x":917,"y":98,"width":51,"height":8}},{"id":"6a3bd3a9-88b2-4f4d-86eb-93b58c0824d4","block_type":"box","text":"method does not represent fair value.","page_number":36,"box":{"x":70,"y":112,"width":204,"height":11}},{"id":"ca052eca-a27a-43c7-bf48-3ea9389458fe","block_type":"box","text":"•","page_number":36,"box":{"x":47,"y":141,"width":4,"height":3}},{"id":"778d74fb-d828-4f29-b4fd-f296d16f3435","block_type":"box","text":"Shares of underlying exchange-traded closed-end funds or other exchange-traded funds (“ETFs”) are valued at their most recent closing price. ETFs a","page_number":36,"box":{"x":70,"y":138,"width":821,"height":11}},{"id":"4bb39834-1c9f-457e-91ba-38b83b6c003f","block_type":"box","text":"nd closed-end","page_number":36,"box":{"x":893,"y":138,"width":76,"height":8}},{"id":"d53adc95-abf6-4c98-a7ec-646f5ebd45f2","block_type":"box","text":"funds traded on a recognized exchange for which there were no sales on that day may be valued at the last trade or last available bid (long positions) or as","page_number":36,"box":{"x":69,"y":152,"width":858,"height":11}},{"id":"0cce4516-3e70-4636-889d-6d0bdfa3088b","block_type":"box","text":"k (short","page_number":36,"box":{"x":929,"y":152,"width":40,"height":11}},{"id":"37ef9636-4c58-4490-8146-5af467429055","block_type":"box","text":"positions) price.","page_number":36,"box":{"x":70,"y":166,"width":85,"height":11}},{"id":"440366c5-cc01-4d46-8f1e-addd2295c7b1","block_type":"box","text":"•","page_number":36,"box":{"x":47,"y":195,"width":4,"height":3}},{"id":"09524bb8-2a16-478d-b493-43fe0c955c05","block_type":"box","text":"Investments in open-end U.S. mutual funds (including money market funds) are valued at that day’s NAV.","page_number":36,"box":{"x":70,"y":192,"width":574,"height":11}},{"id":"5a017d2d-0ead-473d-ac0c-cd8f9436bbf9","block_type":"box","text":"Generally, trading in foreign instruments is substantially completed each day at various times prior to the close of trading on the NYSE. Each busines","page_number":36,"box":{"x":30,"y":216,"width":823,"height":11}},{"id":"a88a2374-3bed-4860-ab76-91e698e61064","block_type":"box","text":"s day, the Fund uses","page_number":36,"box":{"x":854,"y":217,"width":115,"height":10}},{"id":"4cab9f8d-8859-4007-b106-0ec4ec9d1bef","block_type":"box","text":"current market factors supplied by independent pricing services to value certain foreign instruments (“Systematic Fair Value Price”). The Systema","page_number":36,"box":{"x":30,"y":231,"width":818,"height":10}},{"id":"c2de8449-a7f8-4dfc-b428-ec5715150eb1","block_type":"box","text":"tic Fair Value Price is","page_number":36,"box":{"x":849,"y":231,"width":120,"height":8}},{"id":"84cb2ff7-33c3-49e8-a782-c4ee01c64100","block_type":"box","text":"designed to value such foreign securities at fair value as of the close of trading on the NYSE, which occurs after the close of the local markets.","page_number":36,"box":{"x":30,"y":245,"width":778,"height":11}},{"id":"8a5a3272-6432-461c-9860-92422498dbdc","block_type":"box","text":"If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such invest","page_number":36,"box":{"x":31,"y":269,"width":800,"height":11}},{"id":"d7e74584-61d9-4801-9d84-def9d6736fbb","block_type":"box","text":"ment, or in the event that","page_number":36,"box":{"x":832,"y":269,"width":137,"height":10}},{"id":"aca67da4-8b90-4fde-b14e-0cf895a31ea5","block_type":"box","text":"application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such invest","page_number":36,"box":{"x":30,"y":283,"width":813,"height":11}},{"id":"6661e264-2a7f-44a8-aa89-95832a65f9ac","block_type":"box","text":"ment, or if a price is not","page_number":36,"box":{"x":844,"y":283,"width":125,"height":11}},{"id":"0c2a4f7d-36a8-4a74-b4f1-b924962fb47c","block_type":"box","text":"available, the investment will be valued by the Valuation Committee in accordance with the Manager’s policies and procedures as reflecting fair valu","page_number":36,"box":{"x":30,"y":298,"width":853,"height":11}},{"id":"0921a5fe-3be1-4239-ab88-38b56e06047c","block_type":"box","text":"e (“Fair Valued","page_number":36,"box":{"x":884,"y":298,"width":84,"height":11}},{"id":"699b943b-4345-453a-ab58-cfa593487f73","block_type":"box","text":"Investments”). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach","page_number":36,"box":{"x":31,"y":312,"width":878,"height":11}},{"id":"fc934f52-235d-4449-9613-4ba5368055f8","block_type":"box","text":". Valuation","page_number":36,"box":{"x":911,"y":312,"width":58,"height":8}},{"id":"4e09b2e3-13c8-4953-b6c5-1945da27aba1","block_type":"box","text":"techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in dete","page_number":36,"box":{"x":30,"y":326,"width":840,"height":11}},{"id":"c46bf679-d17e-468c-830d-0436d4202215","block_type":"box","text":"rmining fair value.","page_number":36,"box":{"x":872,"y":326,"width":96,"height":11}},{"id":"c13334b0-6e12-4e0d-985b-dc64f06bd801","block_type":"box","text":"When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that the Fund might reasonably expect to","page_number":36,"box":{"x":30,"y":340,"width":830,"height":11}},{"id":"1d5d0cd4-c09f-45ad-9e75-67913e46d19c","block_type":"box","text":"receive or pay from","page_number":36,"box":{"x":865,"y":340,"width":104,"height":11}},{"id":"0833bef3-5402-46c0-b783-28069d81cf9b","block_type":"box","text":"the current sale or purchase of that asset or liability in an arm’s-length transaction. Fair value determinations shall be based upon all available fa","page_number":36,"box":{"x":30,"y":354,"width":810,"height":11}},{"id":"23dd1122-06af-48a1-bf62-277b59ab362b","block_type":"box","text":"ctors that the Valuation","page_number":36,"box":{"x":841,"y":354,"width":128,"height":9}},{"id":"4ce0ed8e-1029-4cd3-a153-6b6991f55d58","block_type":"box","text":"Committee deems relevant and consistent with the principles of fair value measurement as of the measurement date.","page_number":36,"box":{"x":30,"y":369,"width":640,"height":10}},{"id":"e38fd8f3-1522-4930-9f35-b38e235fb010","block_type":"box","text":"For investments in equity or debt issued by privately held companies or funds (“Private Company” or collectively, the “Private Companies”) and other","page_number":36,"box":{"x":31,"y":393,"width":800,"height":11}},{"id":"31a29e2b-8ff2-4bfa-b5b6-d628e8cc3537","block_type":"box","text":"Fair Valued Investments,","page_number":36,"box":{"x":835,"y":393,"width":133,"height":10}},{"id":"0d3be975-1535-4277-a48e-284134b9247d","block_type":"box","text":"the fair valuation approaches that are used by the Valuation Committee and third-party pricing services utilized by the Valuation Committee include","page_number":36,"box":{"x":30,"y":407,"width":786,"height":11}},{"id":"3019e50b-2c94-484e-a83b-a5e6ba056ad7","block_type":"box","text":"one or a combination of, but","page_number":36,"box":{"x":820,"y":407,"width":149,"height":10}},{"id":"7f32b5c6-be1d-4418-b12a-31e9ae3d705a","block_type":"box","text":"not limited to, the following inputs:","page_number":36,"box":{"x":31,"y":421,"width":184,"height":11}},{"id":"d229d2ec-9a6e-4513-9331-51a9a9da2936","block_type":"box","text":"(i) recent market transactions, including secondary market transactions, merger or acquisition activity and subsequent rounds of financing in the","page_number":36,"box":{"x":61,"y":447,"width":785,"height":11}},{"id":"7d8978e5-3e76-40af-a924-faf5f80772ac","block_type":"box","text":"underlying","page_number":36,"box":{"x":851,"y":447,"width":55,"height":11}},{"id":"b5f67fae-0e91-4b55-9556-d2f745531bde","block_type":"box","text":"investment or comparable issuers","page_number":36,"box":{"x":61,"y":461,"width":184,"height":11}},{"id":"b2524f78-0bc9-4bd5-94d4-e6c2f6003554","block_type":"box","text":"(ii) recapitalizations and other transactions across the capital structure","page_number":36,"box":{"x":61,"y":487,"width":382,"height":11}},{"id":"6fc0a405-8d46-467c-9ec3-32660c722d2a","block_type":"box","text":"(iii) market or relevant indices multiples of comparable issuers","page_number":36,"box":{"x":61,"y":513,"width":337,"height":11}},{"id":"ab890141-61ab-43cd-bb8f-26cabe884943","block_type":"box","text":"(iv) future cash flows discounted to present and adjusted as appropriate for liquidity, credit, and/or market risks","page_number":36,"box":{"x":61,"y":539,"width":603,"height":11}},{"id":"6774ce31-26b0-4e8d-85fb-a8938d090ae3","block_type":"box","text":"(v) quoted prices for similar investments or assets in active markets","page_number":36,"box":{"x":61,"y":564,"width":368,"height":11}},{"id":"85ac81de-0c54-4537-91f5-4c3fda9fa6db","block_type":"box","text":"(vi) other risk factors, such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, recovery rates, liq","page_number":36,"box":{"x":61,"y":590,"width":739,"height":11}},{"id":"43d6d8bc-a2cf-436c-9be3-d1bb8bfbf1e5","block_type":"box","text":"uidation amounts and/or","page_number":36,"box":{"x":802,"y":590,"width":133,"height":9}},{"id":"b5cf7309-5d72-436e-bfa3-4cdfba759897","block_type":"box","text":"default rates","page_number":36,"box":{"x":60,"y":604,"width":68,"height":9}},{"id":"e04af565-49cd-4685-95a2-e3e701c6b54b","block_type":"box","text":"(vii) audited or unaudited financial statements, investor communications and Private Company financial or operational metrics","page_number":36,"box":{"x":61,"y":630,"width":685,"height":11}},{"id":"abc66d95-2940-4904-99b4-4f559f446f94","block_type":"box","text":"(viii) relevant market news and other public sources.","page_number":36,"box":{"x":61,"y":656,"width":284,"height":11}},{"id":"c366cca4-d7d9-42b9-b5c7-487760b29d33","block_type":"box","text":"Investments in series of preferred stock issued by Private Companies are typically valued utilizing a market approach to determine the enterprise va","page_number":36,"box":{"x":31,"y":681,"width":800,"height":10}},{"id":"d0cc4ed1-566b-46bb-8636-a24401b38a09","block_type":"box","text":"lue of the company. Such","page_number":36,"box":{"x":833,"y":681,"width":136,"height":10}},{"id":"b43b18ac-ab63-46b8-85fb-23d22ed6589f","block_type":"box","text":"investments often contain rights and preferences that differ from other series of preferred and common stock of the same issuer. Enterprise valuatio","page_number":36,"box":{"x":31,"y":695,"width":804,"height":11}},{"id":"663bb7e1-eb2e-4653-9901-fa69ad19e944","block_type":"box","text":"n techniques such as an","page_number":36,"box":{"x":837,"y":695,"width":132,"height":10}},{"id":"72e8b9e7-0612-4dd6-a5de-3eab2011bf30","block_type":"box","text":"option pricing model (“OPM”), a probability weighted expected return model (“PWERM”), current value method or a hybrid of those techniques are used a","page_number":36,"box":{"x":30,"y":709,"width":820,"height":11}},{"id":"6d7ffe5a-1ae2-4c2b-aaeb-616c53d3fef0","block_type":"box","text":"s deemed appropriate","page_number":36,"box":{"x":851,"y":709,"width":118,"height":11}},{"id":"f5ed17ba-a790-4094-ab2c-ad60cd4990ac","block_type":"box","text":"under the circumstances. The use of these valuation techniques involves a determination of the exit scenarios of the investment in order to appropria","page_number":36,"box":{"x":31,"y":723,"width":795,"height":11}},{"id":"29846088-465d-4354-9a91-f935371ea148","block_type":"box","text":"tely allocate the enterprise","page_number":36,"box":{"x":827,"y":723,"width":142,"height":11}},{"id":"ce9b31f6-bb62-4472-999a-0e2cd4c320f1","block_type":"box","text":"value of the company among the various parts of its capital structure.","page_number":36,"box":{"x":30,"y":737,"width":377,"height":11}},{"id":"86d2311a-20eb-4026-a107-f4ad58f3927c","block_type":"box","text":"Private Companies are not subject to public company disclosure, timing, and reporting standards applicable to other investments held by the Fund. Ce","page_number":36,"box":{"x":31,"y":762,"width":815,"height":11}},{"id":"49907e6d-4d48-4ef3-9611-3e0c663401e0","block_type":"box","text":"rtain information made","page_number":36,"box":{"x":847,"y":762,"width":122,"height":8}},{"id":"e9878d58-ccf9-4dfc-83f6-2f0906671785","block_type":"box","text":"available by a Private Company is as of a date that is earlier than the date the Fund is calculating its NAV. This factor may result in a difference between","page_number":36,"box":{"x":30,"y":776,"width":848,"height":11}},{"id":"aefda281-e7a8-46d2-8e46-dd22add5391a","block_type":"box","text":"the value of the","page_number":36,"box":{"x":883,"y":776,"width":86,"height":8}},{"id":"cc0350f2-4f89-4d7b-96b4-615a7115cddb","block_type":"box","text":"investment and the price the Fund could receive upon the sale of the investment.","page_number":36,"box":{"x":31,"y":790,"width":441,"height":11}},{"id":"a8997328-ec7d-4970-b61c-08cd948235c3","block_type":"box","text":"Fair Value Hiera","page_number":36,"box":{"x":31,"y":815,"width":92,"height":8}},{"id":"8b6a4d60-a7ae-4a15-837a-f09e131cd73c","block_type":"box","text":"rchy:","page_number":36,"box":{"x":124,"y":815,"width":28,"height":10}},{"id":"9e9fd7f6-decd-4c1e-8f29-d6d5b9529298","block_type":"box","text":"Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are","page_number":36,"box":{"x":158,"y":815,"width":811,"height":10}},{"id":"ae6d41c4-95e0-4ab3-9bd4-bac3b5052d93","block_type":"box","text":"categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:","page_number":36,"box":{"x":30,"y":829,"width":614,"height":11}},{"id":"d82c6dea-e92e-4a20-aa1f-4ccf37054131","block_type":"box","text":"•","page_number":36,"box":{"x":47,"y":858,"width":4,"height":3}},{"id":"a450572c-0fb6-40f0-a56b-87a92a432d40","block_type":"box","text":"Leve","page_number":36,"box":{"x":70,"y":855,"width":26,"height":8}},{"id":"3a84fe20-1a07-4a50-9713-8b214561b2df","block_type":"box","text":"l 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;","page_number":36,"box":{"x":97,"y":855,"width":724,"height":10}},{"id":"1ea35d1d-3191-42e4-80f8-0c8ec6dfafe0","block_type":"box","text":"•","page_number":36,"box":{"x":47,"y":883,"width":4,"height":3}},{"id":"7b9ededf-dd50-4b34-a5b0-e274b9f4b59a","block_type":"box","text":"Leve","page_number":36,"box":{"x":70,"y":880,"width":26,"height":9}},{"id":"74155a86-1f1a-423f-aa3f-576f404952bc","block_type":"box","text":"l 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and","page_number":36,"box":{"x":97,"y":880,"width":735,"height":11}},{"id":"d58f47b0-efd9-4574-85e9-c6e91dcd71a0","block_type":"box","text":"•","page_number":36,"box":{"x":47,"y":909,"width":4,"height":3}},{"id":"f397dd5e-cca2-4e50-8f9f-d3019eb3cc4e","block_type":"box","text":"Leve","page_number":36,"box":{"x":70,"y":906,"width":26,"height":9}},{"id":"ea65da8c-4cf7-4971-a651-a03241b9d824","block_type":"box","text":"l 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee’","page_number":36,"box":{"x":97,"y":906,"width":792,"height":11}},{"id":"daa06670-ec2c-416d-9cd0-f628958bfdbc","block_type":"box","text":"s assumptions","page_number":36,"box":{"x":890,"y":906,"width":79,"height":11}},{"id":"8219790a-93ab-4325-a3fe-48cd5f0a1ab4","block_type":"box","text":"used in determining the fair value of financial instruments).","page_number":36,"box":{"x":70,"y":920,"width":319,"height":11}},{"id":"43d9593a-641e-4cd9-94fb-11340e802c55","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":36,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"368772ad-a5ae-429a-9a97-6d570a3a37ba","block_type":"box","text":"(unaudited) (continued)","page_number":36,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"8992c146-9d8b-4b2e-a7c7-765e2605495e","block_type":"box","text":"36","page_number":36,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"671307ea-7421-4904-88ec-0b05ebdec78c","block_type":"box","text":"2026","page_number":36,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"aa71cb57-6fdb-4bcb-8b22-c8c2ef52bd23","block_type":"box","text":"B","page_number":36,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"8b39bc36-c9fa-45a7-b859-36d4a9ffea67","block_type":"box","text":"LACK","page_number":36,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"f8c9c904-f8d4-4d7a-b044-df172c6fbb5a","block_type":"box","text":"R","page_number":36,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"3c6b067b-cbd7-4eef-8b5e-11f94b74c83b","block_type":"box","text":"OCK","page_number":36,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"416bbccc-2703-47dd-a402-1a454ffcd5d0","block_type":"box","text":"S","page_number":36,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"39be8a4e-1b8b-4f52-821c-7a100fff5647","block_type":"box","text":"EMI","page_number":36,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"b20e8054-e833-4139-964f-8add0818192c","block_type":"box","text":"-A","page_number":36,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"802b9929-b30c-428e-b392-13a640c98808","block_type":"box","text":"NNUAL","page_number":36,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"93cce44b-ba88-4b73-a0a4-ffd6c9c77356","block_type":"box","text":"NM0826U-5876566-36/56 R EPORT TO S HARE","page_number":36,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"76ea2726-bd54-4697-90dd-fa9a3c9c8383","block_type":"box","text":"NM\r\nR","page_number":36,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"fce57c93-620a-4576-b87c-cdf24aff7316","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":36,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"96654105-6fa0-4f49-977f-5abc9c7354df","block_type":"box","text":"66\r\nS","page_number":36,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"f2233f8e-3dbd-400b-891a-29ac4b6cdf4e","block_type":"box","text":"-36/56 \r\nHAREHOLDERS","page_number":36,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"a1ed1d8d-2f23-4906-802f-8e55b08bf511","block_type":"box","text":"The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) an","page_number":37,"box":{"x":30,"y":69,"width":813,"height":11}},{"id":"80884a61-c4a5-4873-aa6d-2711007806da","block_type":"box","text":"d the lowest priority to","page_number":37,"box":{"x":845,"y":70,"width":124,"height":10}},{"id":"4d0b5b17-95dc-43bf-9b89-aad79c5be01c","block_type":"box","text":"unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments ca","page_number":37,"box":{"x":31,"y":84,"width":803,"height":11}},{"id":"7c9660cc-6207-49a5-b184-ee05c4766504","block_type":"box","text":"tegorized in Level 3. The","page_number":37,"box":{"x":834,"y":84,"width":135,"height":11}},{"id":"7b8cbec2-b65c-4b9e-afa8-912674a10fc0","block_type":"box","text":"inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hie","page_number":37,"box":{"x":31,"y":98,"width":815,"height":11}},{"id":"b84b0e1f-b79d-4fe6-9fc7-a96d26f0d578","block_type":"box","text":"rarchy classification is","page_number":37,"box":{"x":848,"y":98,"width":121,"height":11}},{"id":"3c39ce44-72fc-461d-b19c-9e660f3b1105","block_type":"box","text":"determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 ha","page_number":37,"box":{"x":30,"y":112,"width":789,"height":11}},{"id":"44b445da-e2bc-4002-8068-2975d9d0d153","block_type":"box","text":"ve significant unobservable","page_number":37,"box":{"x":820,"y":112,"width":149,"height":11}},{"id":"18440206-0146-459d-b8f8-47d2f521918a","block_type":"box","text":"inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by Priv","page_number":37,"box":{"x":31,"y":126,"width":806,"height":11}},{"id":"fbeaad35-eec9-4b63-a263-71176e9c8f57","block_type":"box","text":"ate Companies that may","page_number":37,"box":{"x":837,"y":126,"width":132,"height":11}},{"id":"8430b13b-23ec-415d-be9c-12dc8b1d69c2","block_type":"box","text":"not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based","page_number":37,"box":{"x":31,"y":140,"width":856,"height":11}},{"id":"21860bef-da42-483f-a7cc-63e01286050b","block_type":"box","text":"on the pricing","page_number":37,"box":{"x":893,"y":141,"width":76,"height":10}},{"id":"d84672e7-dc7a-4986-aa2d-c3f7cea6f9de","block_type":"box","text":"transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.","page_number":37,"box":{"x":30,"y":155,"width":727,"height":10}},{"id":"83af0b91-7391-4e8f-a9e6-f69f1d4bb30e","block_type":"box","text":"4. SECURITIES AND OTHER INVESTMENTS","page_number":37,"box":{"x":30,"y":184,"width":337,"height":11}},{"id":"4f46fa0a-4a2d-403d-8d48-7ff0f5cc8f06","block_type":"box","text":"Asset-Backed and Mortgage-Backed Securities:","page_number":37,"box":{"x":30,"y":216,"width":279,"height":11}},{"id":"3d324efc-ca44-4541-9b31-ee66b2a08698","block_type":"box","text":"Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities","page_number":37,"box":{"x":312,"y":216,"width":657,"height":11}},{"id":"0099fef2-656d-4b03-89dc-cde2c0326629","block_type":"box","text":"issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities","page_number":37,"box":{"x":31,"y":230,"width":781,"height":11}},{"id":"b0cf3706-ce9c-4328-93f8-a5b7b934cc11","block_type":"box","text":"issued as debt instruments,","page_number":37,"box":{"x":818,"y":230,"width":150,"height":10}},{"id":"5b61ff6c-091a-4da2-b04f-77335926090c","block_type":"box","text":"which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of ow","page_number":37,"box":{"x":30,"y":244,"width":821,"height":11}},{"id":"f16e9529-f2c4-46b8-9430-5d10da728154","block_type":"box","text":"ning such assets and","page_number":37,"box":{"x":852,"y":244,"width":117,"height":11}},{"id":"55baa77f-01c1-4597-82a5-ca6876f11413","block_type":"box","text":"issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yie","page_number":37,"box":{"x":31,"y":258,"width":793,"height":11}},{"id":"21373f82-3c0a-4112-b738-98f6e294723a","block_type":"box","text":"ld characteristics of certain","page_number":37,"box":{"x":826,"y":258,"width":143,"height":9}},{"id":"3830f818-cba7-4008-8528-1bfaab99abd5","block_type":"box","text":"asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may","page_number":37,"box":{"x":30,"y":272,"width":767,"height":11}},{"id":"5bf5f697-8092-4888-8840-34bac25616f2","block_type":"box","text":"be prepaid at any time because","page_number":37,"box":{"x":801,"y":273,"width":168,"height":10}},{"id":"0725fb08-75f8-4507-a682-b6a90ab86009","block_type":"box","text":"the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the leve","page_number":37,"box":{"x":30,"y":287,"width":830,"height":11}},{"id":"27f8e47a-7510-41a5-922e-5af25de63164","block_type":"box","text":"l of prepayments as","page_number":37,"box":{"x":861,"y":287,"width":108,"height":11}},{"id":"03dd6dde-f06e-4c47-859e-ba288ca7bd6d","block_type":"box","text":"borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will ha","page_number":37,"box":{"x":31,"y":301,"width":796,"height":11}},{"id":"b16aad1d-1371-43a9-a1cc-cc3ecdd610ac","block_type":"box","text":"ve the effect of shortening","page_number":37,"box":{"x":828,"y":301,"width":141,"height":11}},{"id":"0aa18935-7167-4f0b-bbe2-2db5d8542013","block_type":"box","text":"the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an","page_number":37,"box":{"x":30,"y":315,"width":816,"height":11}},{"id":"9a78f279-2fd5-4cfd-a38b-d0a393d1a7d9","block_type":"box","text":"asset-backed security","page_number":37,"box":{"x":850,"y":315,"width":119,"height":11}},{"id":"3767e1dc-b871-4516-a050-365aad8dc059","block_type":"box","text":"at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.","page_number":37,"box":{"x":30,"y":329,"width":671,"height":11}},{"id":"55f0a6c0-330e-4a1c-8331-87ea3640eae7","block_type":"box","text":"For mortgage pass-through securities (the “Mortgage Assets”) there are a number of important differences among the agencies and instrumentalities","page_number":37,"box":{"x":31,"y":354,"width":805,"height":11}},{"id":"1d046479-1ead-4782-a1ca-3c2bbc27e355","block_type":"box","text":"of the U.S. Government","page_number":37,"box":{"x":841,"y":354,"width":128,"height":8}},{"id":"cc040fc4-ba06-4ce8-a862-6b2bfdc2c854","block_type":"box","text":"that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Ma","page_number":37,"box":{"x":30,"y":368,"width":796,"height":11}},{"id":"81ea7d23-554f-4e3f-974b-a4e33f489998","block_type":"box","text":"e are guaranteed as to the","page_number":37,"box":{"x":827,"y":368,"width":142,"height":11}},{"id":"a226cc59-70f5-4e51-bdb9-0a0aa8c7d671","block_type":"box","text":"timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage","page_number":37,"box":{"x":30,"y":382,"width":841,"height":11}},{"id":"825da9fa-6c44-4aeb-b16a-69b91fd6676e","block_type":"box","text":"-related securities","page_number":37,"box":{"x":872,"y":382,"width":97,"height":9}},{"id":"52bfd09e-4fe6-4b0e-8e17-12ed4ad9928f","block_type":"box","text":"issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the oblig","page_number":37,"box":{"x":31,"y":396,"width":845,"height":11}},{"id":"176390b4-9492-4e0c-8007-8e751ac36225","block_type":"box","text":"ations of Freddie","page_number":37,"box":{"x":877,"y":396,"width":92,"height":9}},{"id":"d41d3362-3946-4345-bb11-99e1c3033d12","block_type":"box","text":"Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow fr","page_number":37,"box":{"x":31,"y":410,"width":820,"height":11}},{"id":"9cf1c020-04a6-40f9-89fb-f9d4c6ac2107","block_type":"box","text":"om the U.S. Treasury.","page_number":37,"box":{"x":852,"y":410,"width":116,"height":11}},{"id":"30f2e25b-ae51-406a-bb9a-dc1fd47e3ea4","block_type":"box","text":"Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of p","page_number":37,"box":{"x":31,"y":435,"width":811,"height":11}},{"id":"5e92abad-c2f1-452f-bea3-49dd5ccc3f30","block_type":"box","text":"ayment and are subject","page_number":37,"box":{"x":843,"y":435,"width":126,"height":11}},{"id":"97ee511d-85a6-46a3-8c2d-ad88d4a76abd","block_type":"box","text":"to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other","page_number":37,"box":{"x":30,"y":449,"width":823,"height":11}},{"id":"a8b428ff-c44f-43d2-86b3-12e5f6dade18","block_type":"box","text":"person or entity. The","page_number":37,"box":{"x":858,"y":449,"width":111,"height":11}},{"id":"c0a11e83-18c4-4354-ae35-cf5694139511","block_type":"box","text":"ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn,","page_number":37,"box":{"x":30,"y":463,"width":865,"height":11}},{"id":"bc8194a0-6d27-4c18-b603-57f090cdcb7e","block_type":"box","text":"acts of God,","page_number":37,"box":{"x":901,"y":463,"width":67,"height":10}},{"id":"8c23f7ef-0652-473c-867c-aaa6af9e4da6","block_type":"box","text":"terrorism, social unrest and civil disturbances, may impair a borrower’s ability to repay its loans.","page_number":37,"box":{"x":30,"y":478,"width":521,"height":10}},{"id":"6b6235c4-707c-4650-a4d5-27789f98427d","block_type":"box","text":"Collateralized Debt Obligations:","page_number":37,"box":{"x":30,"y":502,"width":184,"height":11}},{"id":"15c23622-b6bd-45bb-9a4c-d4c7273ec22c","block_type":"box","text":"Collateralized debt obligations (“CDOs”), including collateralized bond obligations (“CBOs”) and collateralized loan obligations (“CLOs”), ar","page_number":37,"box":{"x":218,"y":502,"width":745,"height":11}},{"id":"3ea2d9da-9c9c-49f3-8c45-d8fd60b70e95","block_type":"box","text":"e","page_number":37,"box":{"x":963,"y":504,"width":6,"height":7}},{"id":"0baf0b7d-21ae-4655-9ed6-d12f7ae28ac8","block_type":"box","text":"types of asset-backed securities. A CDO is an entity that is backed by a diversified pool of debt securities (CBOs) or syndicated bank loans (CLOs). The","page_number":37,"box":{"x":30,"y":516,"width":815,"height":11}},{"id":"3b38dd02-f7b8-4c68-af56-f340d19e0887","block_type":"box","text":"cash flows of the CDO","page_number":37,"box":{"x":849,"y":516,"width":120,"height":9}},{"id":"bbbd51ed-81ce-4b0c-8102-037d04909456","block_type":"box","text":"can be split into multiple segments, called “tranches,” which will vary in risk profile and yield. The riskiest segment is the subordinated or “equity","page_number":37,"box":{"x":30,"y":530,"width":781,"height":11}},{"id":"a43cf2f0-e7f5-49e0-8cc0-b671450705ce","block_type":"box","text":"” tranche. This tranche bears","page_number":37,"box":{"x":812,"y":530,"width":157,"height":9}},{"id":"caa7e7a5-e94c-4bfa-90f6-b041df2455da","block_type":"box","text":"the greatest risk of defaults from the underlying assets in the CDO and serves to protect the other, more senior, tranches from default in all but the mos","page_number":37,"box":{"x":30,"y":544,"width":810,"height":11}},{"id":"df0bcb38-b720-4537-8e43-bf0b66d84a3c","block_type":"box","text":"t severe circumstances.","page_number":37,"box":{"x":841,"y":545,"width":127,"height":8}},{"id":"a99b00f7-db9a-4b74-aea0-2e732aec81cc","block_type":"box","text":"Since it is shielded from defaults by the more junior tranches, a “senior” tranche will typically have higher credit ratings and lower yields than thei","page_number":37,"box":{"x":30,"y":559,"width":790,"height":11}},{"id":"44b6b4cd-96cb-4f49-beed-b571eada6b48","block_type":"box","text":"r underlying securities, and","page_number":37,"box":{"x":822,"y":559,"width":147,"height":11}},{"id":"dfd7820a-1f98-4467-b401-c114b38e0adf","block_type":"box","text":"often receive investment grade ratings from one or more of the nationally recognized rating agencies. Despite the protection from the more junior tra","page_number":37,"box":{"x":30,"y":573,"width":793,"height":11}},{"id":"0a86389e-7a53-4b80-a680-60b636240492","block_type":"box","text":"nches, senior tranches can","page_number":37,"box":{"x":824,"y":573,"width":145,"height":10}},{"id":"75a981cf-d503-4b8e-80a7-c49ea3880b25","block_type":"box","text":"experience substantial losses due to actual defaults, increased sensitivity to future defaults and the disappearance of one or more protecting tran","page_number":37,"box":{"x":30,"y":587,"width":788,"height":11}},{"id":"853280d6-7902-41a0-ba90-e02a1c48c9c5","block_type":"box","text":"ches as a result of changes","page_number":37,"box":{"x":820,"y":587,"width":149,"height":11}},{"id":"11382188-0f4a-4e70-a66e-a292c7700927","block_type":"box","text":"in the credit profile of the underlying pool of assets.","page_number":37,"box":{"x":31,"y":601,"width":277,"height":11}},{"id":"4a33fbe7-d10e-46a0-a790-479d1dca641a","block_type":"box","text":"Multiple Class Pass-Through Securities:","page_number":37,"box":{"x":31,"y":626,"width":233,"height":11}},{"id":"1f28203e-3a84-4292-8c66-28f3b4761544","block_type":"box","text":"Multiple class pass-through securities, including collateralized mortgage obligations (“CMOs”) and commercial mortgage-backed","page_number":37,"box":{"x":270,"y":626,"width":699,"height":11}},{"id":"ab1d3af0-f4f2-4ec2-98a9-c9cd4e746813","block_type":"box","text":"securities, may be issued by Ginnie Mae, U.S. Government agencies or instrumentalities or by trusts formed by private originators of, or investors in","page_number":37,"box":{"x":30,"y":640,"width":826,"height":11}},{"id":"f5be8527-004f-4f42-85b5-deaa9c344d27","block_type":"box","text":", mortgage loans. In","page_number":37,"box":{"x":858,"y":640,"width":111,"height":11}},{"id":"4ed1430d-e927-4a8f-beca-7721d87fd1b7","block_type":"box","text":"general, CMOs are debt obligations of a legal entity that are collateralized by a pool of residential or commercial mortgage loans or Mortgage Assets.","page_number":37,"box":{"x":30,"y":654,"width":807,"height":11}},{"id":"7d30bd1d-4372-4489-8534-5f9f0e997152","block_type":"box","text":"The payments on these","page_number":37,"box":{"x":841,"y":654,"width":128,"height":11}},{"id":"b1bd7958-c538-478f-85cb-9f32680caec3","block_type":"box","text":"are used to make payments on the CMOs or multiple pass-through securities. Multiple class pass-through securities represent direct ownership inter","page_number":37,"box":{"x":30,"y":668,"width":825,"height":11}},{"id":"0bad548c-d2ee-469b-b028-ea9e8c72595a","block_type":"box","text":"ests in the Mortgage","page_number":37,"box":{"x":855,"y":668,"width":114,"height":11}},{"id":"0fad4233-fd4f-4d58-aa2e-6d740f844e27","block_type":"box","text":"Assets. Classes of CMOs include interest only (“IOs”), principal only (“POs”), planned amortization classes and targeted amortization classes. IO","page_number":37,"box":{"x":30,"y":682,"width":808,"height":11}},{"id":"6764c6d5-49c8-41eb-aad5-0f3dec92dd60","block_type":"box","text":"s and POs are stripped","page_number":37,"box":{"x":839,"y":682,"width":130,"height":11}},{"id":"02a12a01-e206-4249-9c2d-3f20e25a301b","block_type":"box","text":"mortgage-backed securities representing interests in a pool of mortgages, the cash flow from which has been separated into interest and principal co","page_number":37,"box":{"x":31,"y":697,"width":796,"height":10}},{"id":"531a2e85-55ed-42bb-8985-d1f7a19d0469","block_type":"box","text":"mponents. IOs receive the","page_number":37,"box":{"x":828,"y":697,"width":141,"height":10}},{"id":"c53fe20e-5533-4752-8dc5-cc37087cce65","block_type":"box","text":"interest portion of the cash flow while POs receive the principal portion. IOs and POs can be extremely volatile in response to changes in interest rate","page_number":37,"box":{"x":31,"y":711,"width":813,"height":11}},{"id":"41b302ac-dab6-4b3b-8bc3-44f600bace0d","block_type":"box","text":"s. As interest rates rise","page_number":37,"box":{"x":845,"y":711,"width":124,"height":8}},{"id":"70ad2d6a-f547-4daf-be16-8858482a3b59","block_type":"box","text":"and fall, the value of IOs tends to move in the same direction as interest rates. POs perform best when prepayments on the underlying mortgages rise sinc","page_number":37,"box":{"x":30,"y":725,"width":834,"height":11}},{"id":"0569f97d-7a67-4887-b689-7577c77bdfc9","block_type":"box","text":"e this increases the","page_number":37,"box":{"x":864,"y":725,"width":105,"height":9}},{"id":"f66a4ba3-9271-4350-82fc-d12320c54ac8","block_type":"box","text":"rate at which the principal is returned and the yield to maturity on the PO. When payments on mortgages underlying a PO are slower than anticipated, the l","page_number":37,"box":{"x":31,"y":739,"width":855,"height":11}},{"id":"4a82c104-0b56-48ca-a205-9882ed00503b","block_type":"box","text":"ife of the PO is","page_number":37,"box":{"x":887,"y":739,"width":82,"height":9}},{"id":"62a0f0a0-31e6-40eb-8c03-9f2c90a81bb9","block_type":"box","text":"lengthened and the yield to maturity is reduced. If the underlying Mortgage Assets experience greater than anticipated prepayments of principal, a f","page_number":37,"box":{"x":31,"y":753,"width":801,"height":11}},{"id":"cb85ee97-c231-411c-abae-d041ede44501","block_type":"box","text":"und’s initial investment in","page_number":37,"box":{"x":833,"y":753,"width":135,"height":9}},{"id":"e4de5baa-7c01-48fe-97ee-4ea0dd15d38c","block_type":"box","text":"the IOs may not fully recoup.","page_number":37,"box":{"x":30,"y":768,"width":156,"height":10}},{"id":"d1b28073-95ed-46bf-afb7-72af73387763","block_type":"box","text":"Preferred Stocks:","page_number":37,"box":{"x":31,"y":792,"width":100,"height":9}},{"id":"f66d55a5-5199-481f-8b74-cbe33e64b14d","block_type":"box","text":"Preferred stock has a preference over common stock in liquidation (and generally in receiving dividends as well), but is subordinated to the liabilit","page_number":37,"box":{"x":137,"y":792,"width":783,"height":11}},{"id":"d7de3671-934c-4ded-b79a-2d134e49e0d5","block_type":"box","text":"ies of the","page_number":37,"box":{"x":921,"y":792,"width":48,"height":9}},{"id":"4eb924b2-1b41-4d9f-9e53-2cf2c6b47dd1","block_type":"box","text":"issuer in all respects. As a general rule, the market value of preferred stock with a fixed dividend rate and no conversion element varies inversely wit","page_number":37,"box":{"x":31,"y":806,"width":830,"height":11}},{"id":"a0189625-4a07-439e-89e7-bf1ee66bd724","block_type":"box","text":"h interest rates and","page_number":37,"box":{"x":862,"y":806,"width":107,"height":9}},{"id":"c1b50e41-8531-45de-96b5-bc3992d70d79","block_type":"box","text":"perceived credit risk, while the market price of convertible preferred stock generally also reflects some element of conversion value. Because pref","page_number":37,"box":{"x":31,"y":820,"width":791,"height":11}},{"id":"0a3e61d8-e6ed-45a2-b44b-b2cf689f25e7","block_type":"box","text":"erred stock is junior to debt","page_number":37,"box":{"x":822,"y":821,"width":147,"height":10}},{"id":"e0063c07-69cc-45c8-a1fd-4d0c1508b093","block_type":"box","text":"securities and other obligations of the issuer, deterioration in the credit quality of the issuer will cause greater changes in the value of a preferre","page_number":37,"box":{"x":30,"y":835,"width":780,"height":10}},{"id":"03c3bbb0-7c36-4870-a5d2-4aa12c45a58a","block_type":"box","text":"d stock than in a more senior","page_number":37,"box":{"x":811,"y":835,"width":159,"height":8}},{"id":"60386357-662e-425f-a7cb-8708303b0108","block_type":"box","text":"debt security with similar stated yield characteristics. Unlike interest payments on debt securities, preferred stock dividends are payable only i","page_number":37,"box":{"x":30,"y":849,"width":767,"height":11}},{"id":"cf0ea89c-3a73-4a22-92b6-2a88ac49d767","block_type":"box","text":"f declared by the issuer’s board","page_number":37,"box":{"x":799,"y":849,"width":170,"height":11}},{"id":"7aec8665-278d-47a1-8a41-f5d058ce6a68","block_type":"box","text":"of directors. Preferred stock also may be subject to optional or mandatory redemption provisions.","page_number":37,"box":{"x":30,"y":863,"width":529,"height":11}},{"id":"1ed05b92-7a5c-4787-a2d0-08c4d92e1982","block_type":"box","text":"Warrants:","page_number":37,"box":{"x":30,"y":888,"width":56,"height":8}},{"id":"88285637-00e1-4f5d-9418-cf47524f4599","block_type":"box","text":"Warrants entitle a fund to purchase a specified number of shares of common stock and are non-income producing. The purchase price and number of shares a","page_number":37,"box":{"x":91,"y":887,"width":867,"height":11}},{"id":"e2b09101-0879-49b0-a3e2-9d0cfbcbfdc6","block_type":"box","text":"re","page_number":37,"box":{"x":959,"y":890,"width":10,"height":6}},{"id":"7557e9e9-418a-41fb-9911-0f0a8dcf7be7","block_type":"box","text":"subject to adjustment under certain conditions until the expiration date of the warrants, if any. If the price of the underlying stock does not rise abo","page_number":37,"box":{"x":30,"y":902,"width":784,"height":10}},{"id":"d8e85770-991f-431b-a913-a4b0b98fb5d4","block_type":"box","text":"ve the strike price before the","page_number":37,"box":{"x":815,"y":902,"width":154,"height":10}},{"id":"f219883c-edd4-4ffb-a2e9-ea605351cf40","block_type":"box","text":"warrant expires, the warrant generally expires without any value and a fund will lose any amount it paid for the warrant. Thus, investments in warrants","page_number":37,"box":{"x":30,"y":916,"width":816,"height":11}},{"id":"6799030a-96fb-4cd5-b5b5-4ebb7406372b","block_type":"box","text":"may involve more risk","page_number":37,"box":{"x":851,"y":916,"width":118,"height":11}},{"id":"95ebf5e3-043f-430f-b851-16250e3494a4","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":37,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"5c4cef29-0dcc-4bf5-ad32-7f2a291c3373","block_type":"box","text":"(unaudited) (continued)","page_number":37,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"1802f2d4-0087-4f9a-9c95-972f835e3eaa","block_type":"box","text":"N","page_number":37,"box":{"x":31,"y":967,"width":6,"height":7}},{"id":"60f0678c-5a78-4261-b616-2d5d23646a4e","block_type":"box","text":"OTES TO","page_number":37,"box":{"x":42,"y":969,"width":57,"height":5}},{"id":"3a1fb764-4087-4f11-8037-6622ec5807cc","block_type":"box","text":"C","page_number":37,"box":{"x":111,"y":967,"width":7,"height":7}},{"id":"e3a2652a-cab4-49a5-9388-2c3e6a6db959","block_type":"box","text":"ONSOLIDATED","page_number":37,"box":{"x":123,"y":969,"width":93,"height":5}},{"id":"1a85cfc7-d205-48b7-bb73-0cbd87fc10e3","block_type":"box","text":"F","page_number":37,"box":{"x":229,"y":967,"width":5,"height":7}},{"id":"65968d83-0dcb-44e8-8b7d-9548aa36ac6f","block_type":"box","text":"INANCIAL","page_number":37,"box":{"x":239,"y":969,"width":62,"height":5}},{"id":"aa5edc32-5ba1-4ac2-80b7-2cd87479f587","block_type":"box","text":"S","page_number":37,"box":{"x":313,"y":967,"width":6,"height":7}},{"id":"acd29974-0e9b-4cb8-9134-b22d23d81bf6","block_type":"box","text":"TATEMENTS","page_number":37,"box":{"x":324,"y":969,"width":76,"height":5}},{"id":"4031a6ca-a3a4-41c3-b2f1-61eab09ff3e2","block_type":"box","text":"NM0826U-5876566-37/56","page_number":37,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"aefc992d-d48b-43a4-a7cd-5bc3de029bad","block_type":"box","text":"37","page_number":37,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"ed34d6d0-8bc7-4089-b522-90a7efd898bc","block_type":"box","text":"than investments in common stock. Warrants may trade in the same markets as their underlying stock; however, the price of the warrant does not necessar","page_number":38,"box":{"x":30,"y":69,"width":848,"height":11}},{"id":"c58b7683-819b-4080-a9ad-2df01ed25b06","block_type":"box","text":"ily move with the","page_number":38,"box":{"x":879,"y":70,"width":90,"height":10}},{"id":"d57f612d-92c6-469c-ba6e-05d11d2592fd","block_type":"box","text":"price of the underlying stock.","page_number":38,"box":{"x":31,"y":84,"width":155,"height":11}},{"id":"a854a47c-95e1-45ed-b7da-3b2636397fb3","block_type":"box","text":"Floating Rate Loan Interests:","page_number":38,"box":{"x":31,"y":108,"width":170,"height":11}},{"id":"0bb91866-1060-46b9-9090-f22a0179ddba","block_type":"box","text":"Floating rate loan interests are typically issued to companies (the “borrower”) by banks, other financial institutions, or privately and publicly","page_number":38,"box":{"x":207,"y":108,"width":762,"height":11}},{"id":"079a5331-b443-404e-b014-62c1109ab84d","block_type":"box","text":"offered corporations (the “lender”). Floating rate loan interests are generally non-investment grade, often involve borrowers whose financial co","page_number":38,"box":{"x":30,"y":122,"width":773,"height":11}},{"id":"d3d2934b-6bc6-4037-a651-f067079a530b","block_type":"box","text":"ndition is troubled or uncertain","page_number":38,"box":{"x":805,"y":122,"width":164,"height":9}},{"id":"9c64ff75-da28-4ab3-8e54-54f5247721ec","block_type":"box","text":"and companies that are highly leveraged or in bankruptcy proceedings. In addition, transactions in floating rate loan interests may settle on a delay","page_number":38,"box":{"x":30,"y":136,"width":795,"height":11}},{"id":"705c2321-5122-446d-8ef2-bef50c043608","block_type":"box","text":"ed basis, which may result","page_number":38,"box":{"x":826,"y":137,"width":143,"height":10}},{"id":"6f08609d-c136-42fc-9949-eb15a95ce237","block_type":"box","text":"in proceeds from the sale not being readily available for a fund to make additional investments or meet its redemption obligations. Floating rate loan","page_number":38,"box":{"x":31,"y":151,"width":794,"height":11}},{"id":"b4d2b6c1-e06f-4556-a8c7-4eed1c5a34c0","block_type":"box","text":"interests may include fully","page_number":38,"box":{"x":830,"y":151,"width":139,"height":11}},{"id":"1d0ce2ac-b167-455a-86ee-813412ba3107","block_type":"box","text":"funded term loans or revolving lines of credit. Floating rate loan interests are typically senior in the corporate capital structure of the borrower.","page_number":38,"box":{"x":30,"y":165,"width":786,"height":11}},{"id":"3a83abd4-eb66-4fa7-8e70-c3fa24d9a046","block_type":"box","text":"Floating rate loan interests","page_number":38,"box":{"x":822,"y":165,"width":147,"height":11}},{"id":"b4e6e7a1-08c1-431c-adca-1a6fd5765dbb","block_type":"box","text":"generally pay interest at rates that are periodically determined by reference to a base lending rate plus a premium. Since the rates reset only periodi","page_number":38,"box":{"x":30,"y":179,"width":793,"height":11}},{"id":"6f38450b-a8e8-4617-94e9-2fd7348e50dc","block_type":"box","text":"cally, changes in prevailing","page_number":38,"box":{"x":825,"y":179,"width":144,"height":11}},{"id":"8b8d96fe-5d70-418c-afe3-f2d8c367bbfd","block_type":"box","text":"interest rates (and particularly sudden and significant changes) can be expected to cause some fluctuations in the NAV of a fund to the extent that it in","page_number":38,"box":{"x":31,"y":193,"width":803,"height":11}},{"id":"eaae8c81-8bbd-4437-8659-417433e388d4","block_type":"box","text":"vests in floating rate loan","page_number":38,"box":{"x":835,"y":193,"width":133,"height":11}},{"id":"cfd7a2ae-1920-4912-b429-eee9167ba1df","block_type":"box","text":"interests. The base lending rates are generally the lending rate offered by one or more European banks, such as the Secured Overnight Financing Rate (“","page_number":38,"box":{"x":31,"y":207,"width":837,"height":11}},{"id":"9b45a733-f777-4441-91c1-098a5afccc04","block_type":"box","text":"SOFR”), the prime","page_number":38,"box":{"x":869,"y":207,"width":100,"height":11}},{"id":"cfdb2eaf-1842-4432-b281-cd66a136a9c5","block_type":"box","text":"rate offered by one or more U.S. banks or the certificate of deposit rate. Floating rate loan interests may involve foreign borrowers, and investments","page_number":38,"box":{"x":31,"y":222,"width":805,"height":10}},{"id":"01c4bab0-3c50-41c1-8499-18141e6df0c2","block_type":"box","text":"may be denominated in","page_number":38,"box":{"x":841,"y":222,"width":128,"height":10}},{"id":"8f4ecec9-1f58-4b63-914f-0c86ec6fd0ca","block_type":"box","text":"foreign currencies. These investments are treated as investments in debt securities for purposes of a fund’s investment policies.","page_number":38,"box":{"x":30,"y":236,"width":699,"height":11}},{"id":"1408c9ad-e540-43ac-8399-9e9165abfc2a","block_type":"box","text":"When a fund purchases a floating rate loan interest, it may receive a facility fee and when it sells a floating rate loan interest, it may pay a facility fe","page_number":38,"box":{"x":30,"y":260,"width":798,"height":11}},{"id":"508b008d-e695-4c4f-82ff-ef23d6f241e2","block_type":"box","text":"e. On an ongoing basis, a","page_number":38,"box":{"x":829,"y":260,"width":140,"height":11}},{"id":"9d80b202-036a-41d3-9e72-ad3c8e715ee8","block_type":"box","text":"fund may receive a commitment fee based on the undrawn portion of the underlying line of credit amount of a floating rate loan interest. Facility and com","page_number":38,"box":{"x":30,"y":274,"width":845,"height":11}},{"id":"4f2566a7-3e49-45a3-a3c8-66b27c71b9bd","block_type":"box","text":"mitment fees are","page_number":38,"box":{"x":877,"y":274,"width":92,"height":9}},{"id":"22a7d7c4-df3d-4d78-98a6-e03d2a3d1c76","block_type":"box","text":"typically amortized to income over the term of the loan or term of the commitment, respectively. Consent and amendment fees are recorded to income as ea","page_number":38,"box":{"x":30,"y":289,"width":841,"height":10}},{"id":"939055ef-9ea1-49d3-8bad-bf7ce544ff7b","block_type":"box","text":"rned. Prepayment","page_number":38,"box":{"x":872,"y":289,"width":97,"height":10}},{"id":"83476a86-5de1-4e63-a7f0-d65aa031b29d","block_type":"box","text":"penalty fees, which may be received by a fund upon the prepayment of a floating rate loan interest by a borrower, are recorded as realized gains. A fund ma","page_number":38,"box":{"x":31,"y":303,"width":838,"height":11}},{"id":"9e1f2ab4-5c6b-41b2-9f27-e0130b3b8f6e","block_type":"box","text":"y invest in multiple","page_number":38,"box":{"x":870,"y":303,"width":99,"height":11}},{"id":"6c1cfcfc-379d-496b-bfaa-8c8b80e3b41e","block_type":"box","text":"series or tranches of a loan. A different series or tranche may have varying terms and carry different associated risks.","page_number":38,"box":{"x":30,"y":317,"width":639,"height":11}},{"id":"43d6531b-6e83-4312-886f-8c7282750395","block_type":"box","text":"Floating rate loan interests are usually freely callable at the borrower’s option. A fund may invest in such loans in the form of participations in loan","page_number":38,"box":{"x":31,"y":341,"width":820,"height":11}},{"id":"8c8f9f52-8667-4d37-b236-950f2c8cdb5b","block_type":"box","text":"s (“Participations”) or","page_number":38,"box":{"x":853,"y":341,"width":117,"height":11}},{"id":"d257f855-79b8-4a19-91b9-e5bfb013714f","block_type":"box","text":"assignments (“Assignments”) of all or a portion of loans from third parties. Participations typically will result in a fund having a contractual rela","page_number":38,"box":{"x":30,"y":356,"width":764,"height":11}},{"id":"647e8b9d-4a08-4bb2-bbc9-91aeb90ae1c9","block_type":"box","text":"tionship only with the lender, not","page_number":38,"box":{"x":795,"y":356,"width":174,"height":11}},{"id":"4ae6ec80-8504-49e4-84a0-3e661170187b","block_type":"box","text":"with the borrower. A fund has the right to receive payments of principal, interest and any fees to which it is entitled only from the lender selling the Pa","page_number":38,"box":{"x":30,"y":370,"width":805,"height":11}},{"id":"acf3025e-b426-406c-bd4b-df43477d2786","block_type":"box","text":"rticipation and only upon","page_number":38,"box":{"x":837,"y":370,"width":132,"height":11}},{"id":"a60b41e1-acd9-4dd8-8110-6a908d5e2724","block_type":"box","text":"receipt by the lender of the payments from the borrower. In connection with purchasing Participations, a fund generally will have no right to enforce c","page_number":38,"box":{"x":31,"y":384,"width":794,"height":11}},{"id":"b434ee40-d88c-4af6-a578-3192283540a7","block_type":"box","text":"ompliance by the borrower","page_number":38,"box":{"x":826,"y":384,"width":144,"height":11}},{"id":"d12eb444-e53f-4a3b-92ec-fdf38f27cafe","block_type":"box","text":"with the terms of the loan agreement, nor any rights of offset against the borrower. A fund may not benefit directly from any collateral supporting the l","page_number":38,"box":{"x":30,"y":398,"width":833,"height":11}},{"id":"76ba04f2-eced-4171-ab53-85305320d466","block_type":"box","text":"oan in which it has","page_number":38,"box":{"x":864,"y":398,"width":105,"height":9}},{"id":"2a9f452d-b76f-4b06-8a4d-a693c292cacc","block_type":"box","text":"purchased the Participation. As a result, a fund assumes the credit risk of both the borrower and the lender that is selling the Participation. A fund’s","page_number":38,"box":{"x":31,"y":412,"width":831,"height":11}},{"id":"f3498a88-e421-45b7-bc58-42631c595da7","block_type":"box","text":"investment in loan","page_number":38,"box":{"x":868,"y":413,"width":101,"height":8}},{"id":"cc310cd3-d14a-4d49-b1a6-933f1cf5dc28","block_type":"box","text":"participation interests involves the risk of insolvency of the financial intermediaries who are parties to the transactions. In the event of the inso","page_number":38,"box":{"x":31,"y":427,"width":771,"height":10}},{"id":"99c1e20c-9261-42bb-b782-674703446a74","block_type":"box","text":"lvency of the lender selling the","page_number":38,"box":{"x":804,"y":427,"width":165,"height":10}},{"id":"1519e4ee-651b-45f2-b302-1b1c4df46cfe","block_type":"box","text":"Participation, a fund may be treated as a general creditor of the lender and may not benefit from any offset between the lender and the borrower. Assignm","page_number":38,"box":{"x":31,"y":441,"width":833,"height":11}},{"id":"588a6186-4a08-402d-bf6f-e580062b359c","block_type":"box","text":"ents typically result","page_number":38,"box":{"x":866,"y":441,"width":103,"height":11}},{"id":"92b6338a-a7dd-45ba-92de-05b0ce556149","block_type":"box","text":"in a fund having a direct contractual relationship with the borrower, and a fund may enforce compliance by the borrower with the terms of the loan agreem","page_number":38,"box":{"x":31,"y":455,"width":839,"height":11}},{"id":"9f3d7da4-fecc-4ef0-8e7b-edb4d5fe54a5","block_type":"box","text":"ent.","page_number":38,"box":{"x":871,"y":455,"width":19,"height":8}},{"id":"33b671cf-828a-41fa-862d-a0374974119a","block_type":"box","text":"In connection with floating rate loan interests, the Fund may also enter into unfunded floating rate loan interests (“commitments”). In connection w","page_number":38,"box":{"x":31,"y":479,"width":791,"height":11}},{"id":"b28817af-3190-4f6a-8f61-292210a7317a","block_type":"box","text":"ith these commitments, the","page_number":38,"box":{"x":823,"y":480,"width":146,"height":9}},{"id":"46b885f3-e51c-4daf-921f-5aa4c6a98bb3","block_type":"box","text":"fund earns a commitment fee, typically set as a percentage of the commitment amount. Such fee income, which is included in interest income in the Consol","page_number":38,"box":{"x":30,"y":494,"width":845,"height":10}},{"id":"bd3c9aed-b063-4db2-935c-8b853311072f","block_type":"box","text":"idated Statement","page_number":38,"box":{"x":877,"y":494,"width":92,"height":8}},{"id":"c7bf93b9-d1ff-406a-ad28-2b0bd7c9ac6a","block_type":"box","text":"of Operations, is recognized ratably over the commitment period. Unfunded floating rate loan interests are marked-to-market daily, and any unreali","page_number":38,"box":{"x":30,"y":508,"width":845,"height":11}},{"id":"e3b7bc2a-81db-4e5e-ab74-4ff2c28f14f5","block_type":"box","text":"zed appreciation","page_number":38,"box":{"x":876,"y":508,"width":93,"height":11}},{"id":"c1413e29-eb3d-4483-b4fb-8cf7587a7bf9","block_type":"box","text":"(depreciation) is included in the Consolidated Statement of Assets and Liabilities and Consolidated Statement of Operations. As of period end, the F","page_number":38,"box":{"x":30,"y":522,"width":820,"height":11}},{"id":"bff9a40e-b3df-422c-8040-aac36b3590c8","block_type":"box","text":"und had the following","page_number":38,"box":{"x":851,"y":522,"width":117,"height":11}},{"id":"985a9348-1922-4db3-b610-7b2dadd0fc48","block_type":"box","text":"unfunded floating rate loan interests:","page_number":38,"box":{"x":31,"y":536,"width":198,"height":11}},{"id":"04ef4e75-0a8c-464d-b23e-302e8518203d","block_type":"box","text":"Fund Name Borrower Par","page_number":38,"box":{"x":50,"y":586,"width":649,"height":7}},{"id":"0f8a3241-e794-403e-931e-9bca8c9f3432","block_type":"box","text":"Commitment","page_number":38,"box":{"x":720,"y":573,"width":61,"height":7}},{"id":"f83c13bf-daec-44ab-832f-c63b127dc1f8","block_type":"box","text":"Amount Value","page_number":38,"box":{"x":743,"y":586,"width":116,"height":7}},{"id":"0cf3e259-9cad-4709-bfe0-a62a59e13013","block_type":"box","text":"Unrealized","page_number":38,"box":{"x":897,"y":560,"width":52,"height":8}},{"id":"ebac4631-eae0-4e10-b95b-6ccb986a3d9d","block_type":"box","text":"Appreciation","page_number":38,"box":{"x":887,"y":573,"width":61,"height":9}},{"id":"91378e1d-3c2a-4f44-879b-f64c87f0bb96","block_type":"box","text":"(Depreciation)","page_number":38,"box":{"x":880,"y":586,"width":68,"height":9}},{"id":"a82c1871-95b7-45c8-8744-0ab5417f6a1c","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":38,"box":{"x":51,"y":603,"width":189,"height":9}},{"id":"0bb69798-3af5-4b45-8bd4-1bde22b4131e","block_type":"box","text":"...........................","page_number":38,"box":{"x":243,"y":609,"width":132,"height":1}},{"id":"611f0a91-707f-4014-813c-006ef8807309","block_type":"box","text":"1475 Holdings LLC $ 18,571 $ 18,351 $ 18,431 $ 80","page_number":38,"box":{"x":397,"y":602,"width":551,"height":10}},{"id":"bfad9ccf-041c-4593-a861-ae243b7239d4","block_type":"box","text":"Alcami Corp. 8,904 8,904 8,824 (80)","page_number":38,"box":{"x":396,"y":616,"width":552,"height":9}},{"id":"e9804395-1799-421e-a1fc-2c77ad36294a","block_type":"box","text":"Applause App Quality, Inc. 7,273 7,176 6,793 (383)","page_number":38,"box":{"x":396,"y":629,"width":552,"height":9}},{"id":"98d707dd-82b9-4499-a812-e06d9050dbc6","block_type":"box","text":"Appriss Health LLC 94,478 94,478 94,478 —","page_number":38,"box":{"x":396,"y":641,"width":553,"height":10}},{"id":"5cd92381-c64b-4a0f-8843-fdd7478dad18","block_type":"box","text":"Aras Corp. 1,023,117 1,023,117 1,012,886 (10,231)","page_number":38,"box":{"x":396,"y":654,"width":552,"height":10}},{"id":"16440b0f-ef39-440e-86f7-c005b594659d","block_type":"box","text":"Arcfield Acquisition Corp. 563,428 560,611 561,801 1,190","page_number":38,"box":{"x":396,"y":667,"width":552,"height":10}},{"id":"bb1a318d-1ab6-491e-a71e-47fb8b63bb8f","block_type":"box","text":"Beekeeper Buyer, Inc. 752,266 744,744 739,478 (5,266)","page_number":38,"box":{"x":397,"y":680,"width":551,"height":10}},{"id":"31c8689e-58b6-4e6f-9f8c-69c0cd590a7d","block_type":"box","text":"Birdie Bidco, Inc. 503,568 501,050 496,621 (4,429)","page_number":38,"box":{"x":397,"y":693,"width":551,"height":10}},{"id":"38f7db6f-92fa-4fac-823a-918c899f8bb6","block_type":"box","text":"Birdie Bidco, Inc. 671,588 669,910 662,323 (7,587)","page_number":38,"box":{"x":397,"y":706,"width":551,"height":10}},{"id":"71a52e30-cce4-4f77-afd6-18553e8002d1","block_type":"box","text":"Bullhorn, Inc. 242,112 241,718 231,217 (10,501)","page_number":38,"box":{"x":397,"y":719,"width":551,"height":10}},{"id":"e981d2a4-52e2-4b44-a062-662ee8adef18","block_type":"box","text":"Bynder Holding BV 1,215 1,215 1,203 (12)","page_number":38,"box":{"x":397,"y":732,"width":551,"height":9}},{"id":"449bfc92-7f95-4753-8580-b32001488b8b","block_type":"box","text":"Bynder Holding BV 4,410 4,410 4,365 (45)","page_number":38,"box":{"x":397,"y":745,"width":551,"height":9}},{"id":"09124eeb-64ff-4484-93c3-a4356b5454ed","block_type":"box","text":"CBI-Gator Acquisition LLC 14,788 14,748 14,270 (478)","page_number":38,"box":{"x":397,"y":758,"width":551,"height":9}},{"id":"76fd8989-0702-44d0-9232-bc12aba2126d","block_type":"box","text":"Chronicle Bidco, Inc. 285,072 283,647 282,222 (1,425)","page_number":38,"box":{"x":397,"y":770,"width":551,"height":10}},{"id":"099180fb-99bd-457c-9131-53220c9f1484","block_type":"box","text":"Chronicle Bidco, Inc. 115,443 114,289 114,289 —","page_number":38,"box":{"x":397,"y":783,"width":552,"height":9}},{"id":"bf5ebf03-1bd8-4700-be2b-fc568b8a0e5d","block_type":"box","text":"CivicPlus LLC 136,795 136,795 135,570 (1,225)","page_number":38,"box":{"x":397,"y":796,"width":551,"height":10}},{"id":"40f8e276-104e-427b-8408-f79a7a77293d","block_type":"box","text":"Clever Devices Ltd. 368,984 368,984 368,984 —","page_number":38,"box":{"x":397,"y":809,"width":552,"height":9}},{"id":"68f4f8af-722b-4b12-8a7a-1d5fc171bde8","block_type":"box","text":"CohnReznick LLP 40,967 41,274 39,874 (1,400)","page_number":38,"box":{"x":397,"y":822,"width":551,"height":10}},{"id":"1f1794da-a386-4be4-8864-24d280bba5d0","block_type":"box","text":"Compsych Investments Corp. 946,970 944,602 946,969 2,367","page_number":38,"box":{"x":397,"y":835,"width":551,"height":10}},{"id":"e9d5d82f-ca96-4b58-9651-368f6f17d711","block_type":"box","text":"Docupace Technologies LLC 179,447 177,569 169,398 (8,171)","page_number":38,"box":{"x":397,"y":848,"width":551,"height":9}},{"id":"9c23b17f-3413-4b68-a9fd-1407e62a59ec","block_type":"box","text":"Douglas Holdings, Inc. 49,476 49,476 46,705 (2,771)","page_number":38,"box":{"x":397,"y":861,"width":551,"height":9}},{"id":"867b6b54-e2e5-46d3-9049-2c005ba2414f","block_type":"box","text":"Emburse, Inc. 657,895 657,072 650,658 (6,414)","page_number":38,"box":{"x":397,"y":874,"width":551,"height":9}},{"id":"f041f889-c796-494c-9c95-5f158e2a843a","block_type":"box","text":"Emburse, Inc. 657,895 656,250 650,658 (5,592)","page_number":38,"box":{"x":397,"y":886,"width":551,"height":10}},{"id":"60c630ca-4fcc-4d11-84c3-451f77fd64a0","block_type":"box","text":"Emerald Technologies U.S. Acquisitionco, Inc. 684 630 405 (225)","page_number":38,"box":{"x":397,"y":899,"width":551,"height":10}},{"id":"943ebfe3-b638-4674-bdf7-ce522e3397d7","block_type":"box","text":"ESO Solutions, Inc. 97,178 97,178 95,332 (1,846)","page_number":38,"box":{"x":397,"y":912,"width":551,"height":10}},{"id":"950786c2-1b0f-46b7-badb-789f3ecaf510","block_type":"box","text":"Express Wash Acquisition Co. LLC 277,769 274,992 259,715 (15,277)","page_number":38,"box":{"x":397,"y":925,"width":551,"height":10}},{"id":"f4f5d1c1-cd79-4ade-909e-e1cd84125242","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":38,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"866d0478-3b0b-43ae-baa0-cc52cc1ee786","block_type":"box","text":"(unaudited) (continued)","page_number":38,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"bd5055c6-7dee-4559-bcb8-62c59af66e89","block_type":"box","text":"38","page_number":38,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"0ad37f55-4712-4acb-add2-50e01275e250","block_type":"box","text":"2026","page_number":38,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"eebb80d8-949a-4998-ace4-f76f5dbf3395","block_type":"box","text":"B","page_number":38,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"b912bd4b-00f3-4c04-bb39-6d34f47fc0f6","block_type":"box","text":"LACK","page_number":38,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"8a35a741-62bb-45ba-b3ec-1686cd11235a","block_type":"box","text":"R","page_number":38,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"080e6be8-b20a-4a75-bdd9-6d2d1fc1180f","block_type":"box","text":"OCK","page_number":38,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"4b088f36-dbb4-470b-9f05-1e84d3cfee86","block_type":"box","text":"S","page_number":38,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"26d6bf35-b8e5-408e-9eac-e9463a8f553c","block_type":"box","text":"EMI","page_number":38,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"5427a6a7-2d92-458e-a67b-ce2dc797ade0","block_type":"box","text":"-A","page_number":38,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"c252a1a7-29fd-42d8-b43c-33d3d5e3e57e","block_type":"box","text":"NNUAL","page_number":38,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"30715313-c1f7-4984-9298-ab6c3436620b","block_type":"box","text":"NM0826U-5876566-38/56 R EPORT TO S HARE","page_number":38,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"7ed6fa02-4c76-4ae2-9265-9c8820dfa221","block_type":"box","text":"NM\r\nR","page_number":38,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"0693735b-0e42-4f23-8ba8-a2f96969248c","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":38,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"05ac4afa-ab15-434c-a776-049e5b606cd0","block_type":"box","text":"66\r\nS","page_number":38,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"e54a3a79-d238-47b6-9514-62c9004bf484","block_type":"box","text":"-38/56 \r\nHAREHOLDERS","page_number":38,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"b5234982-939d-427d-9c1d-1869fe2a89a5","block_type":"box","text":"Fund Name Borrower Par","page_number":39,"box":{"x":50,"y":100,"width":649,"height":7}},{"id":"a1bf1335-b0e5-414a-b512-e6aabbd0fe3e","block_type":"box","text":"Commitment","page_number":39,"box":{"x":720,"y":87,"width":61,"height":7}},{"id":"193d05cb-ac7f-4e5f-9630-bb5cfeac1f81","block_type":"box","text":"Amount Value","page_number":39,"box":{"x":743,"y":100,"width":116,"height":7}},{"id":"710916d3-c2ab-4f5d-b8d9-7568b66ef8dd","block_type":"box","text":"Unrealized","page_number":39,"box":{"x":897,"y":74,"width":52,"height":8}},{"id":"fdd5a529-9ba0-4137-af68-deeb2997dc20","block_type":"box","text":"Appreciation","page_number":39,"box":{"x":887,"y":87,"width":61,"height":9}},{"id":"7e9e7b30-d3d0-49e9-97a6-5d344f2236fa","block_type":"box","text":"(Depreciation)","page_number":39,"box":{"x":880,"y":100,"width":68,"height":9}},{"id":"8b85399a-95ca-42f7-ac01-e513ea87f322","block_type":"box","text":"BlackRock HPS Credit Strategies Fund (continued)","page_number":39,"box":{"x":51,"y":117,"width":248,"height":9}},{"id":"8738ef74-e852-4296-a0aa-773fabd0fc18","block_type":"box","text":"...............","page_number":39,"box":{"x":304,"y":123,"width":71,"height":1}},{"id":"7c351c24-b463-486a-b7fb-17f88a058262","block_type":"box","text":"Firstup, Inc. $ 386,200 $ 386,200 $ 353,373 $ (32,827)","page_number":39,"box":{"x":397,"y":116,"width":551,"height":10}},{"id":"306e48b6-6095-4be3-961c-261542a0f838","block_type":"box","text":"Fusion Holding Corp. 13,679 13,645 11,958 (1,687)","page_number":39,"box":{"x":397,"y":130,"width":551,"height":9}},{"id":"b4c556f3-0d4e-431c-9b78-f4ca6b9c6617","block_type":"box","text":"G-3 Apollo Acquisition Corp. 14,286 14,286 14,429 143","page_number":39,"box":{"x":397,"y":143,"width":551,"height":9}},{"id":"1a00b11f-3ffc-4f6e-bb75-8fe70a289c9f","block_type":"box","text":"G-3 Apollo Acquisition Corp. 11,905 11,905 11,905 —","page_number":39,"box":{"x":397,"y":155,"width":552,"height":10}},{"id":"10080bf6-7e88-414f-bc54-bd6b111212a6","block_type":"box","text":"GC Champion Acquisition LLC 1,344,481 1,333,665 1,329,483 (4,182)","page_number":39,"box":{"x":397,"y":168,"width":551,"height":10}},{"id":"dab381ea-7470-4873-8fea-40fff82dafdb","block_type":"box","text":"Honey Intermediate, Inc. 11,765 11,649 11,494 (155)","page_number":39,"box":{"x":397,"y":181,"width":551,"height":10}},{"id":"00110677-cf10-4003-85f9-cd8446c73550","block_type":"box","text":"HSI Halo Acquisition, Inc. 275,229 272,477 272,477 —","page_number":39,"box":{"x":397,"y":194,"width":552,"height":10}},{"id":"b1784470-5240-458f-96f0-be15fdb52998","block_type":"box","text":"Huckabee Acquisition LLC 9,677 9,677 9,629 (48)","page_number":39,"box":{"x":397,"y":207,"width":551,"height":10}},{"id":"0d496df5-d8c6-4ddc-9b0f-9b0c2d573cbf","block_type":"box","text":"Integrity Marketing Acquisition LLC 208,063 208,063 207,647 (416)","page_number":39,"box":{"x":397,"y":220,"width":551,"height":10}},{"id":"1ffdb6ec-e94e-4a0c-8358-a78a5a09a420","block_type":"box","text":"Intercept Bidco, Inc. 555,556 548,227 545,556 (2,671)","page_number":39,"box":{"x":397,"y":233,"width":551,"height":9}},{"id":"5e64d1f7-981c-4684-8cde-bc00e60476bd","block_type":"box","text":"IvyRehab Intermediate II LLC 2,067,800 2,044,945 2,057,333 12,388","page_number":39,"box":{"x":397,"y":246,"width":551,"height":9}},{"id":"a3dda1bb-1d6d-416b-acb8-e751a2678a5b","block_type":"box","text":"Kid Distro Holdings LLC 301,347 299,012 297,847 (1,165)","page_number":39,"box":{"x":397,"y":259,"width":551,"height":9}},{"id":"ae5d3a6a-8d34-4779-a2e1-2135b168b390","block_type":"box","text":"Ligado Networks LLC 3,926,979 3,926,979 3,642,273 (284,706)","page_number":39,"box":{"x":397,"y":272,"width":551,"height":9}},{"id":"c9dd33d9-0e80-4ff6-aea2-7821a9d247c4","block_type":"box","text":"Lighthouse Parent Holdings, Inc. 2,837 2,837 2,806 (31)","page_number":39,"box":{"x":397,"y":284,"width":551,"height":10}},{"id":"b6a322cc-f70f-43ca-9ad4-59f8015c3b60","block_type":"box","text":"Lighthouse Parent Holdings, Inc. 11,538 11,394 11,411 17","page_number":39,"box":{"x":397,"y":297,"width":551,"height":10}},{"id":"0c0c3f7d-1a23-4b07-ab29-49f64e4fb1e0","block_type":"box","text":"LJ Avalon Holdings LLC 130,409 129,678 129,888 210","page_number":39,"box":{"x":397,"y":310,"width":551,"height":10}},{"id":"8f3812bc-1304-46d1-8ea2-77a37c729692","block_type":"box","text":"LogicMonitor, Inc. 10,150 10,023 9,784 (239)","page_number":39,"box":{"x":397,"y":323,"width":551,"height":10}},{"id":"857903e5-3215-430f-a2dc-d7c6f0f6adc6","block_type":"box","text":"LogicMonitor, Inc. 59,525 58,781 57,382 (1,399)","page_number":39,"box":{"x":397,"y":336,"width":551,"height":10}},{"id":"46669c8f-2fc3-4b60-a23e-9666815d885f","block_type":"box","text":"Lucky U.S. Buyerco LLC 1,021 1,021 993 (28)","page_number":39,"box":{"x":397,"y":349,"width":551,"height":10}},{"id":"2e8c10bd-3c32-478c-91ea-b6b569c28661","block_type":"box","text":"Madison Logic Holdings, Inc. 3,349 3,349 2,810 (539)","page_number":39,"box":{"x":397,"y":362,"width":551,"height":9}},{"id":"d4729cf0-a901-4b9a-b35f-82f9c663dbac","block_type":"box","text":"MRO Parent Corp. 370,370 367,593 367,778 185","page_number":39,"box":{"x":397,"y":375,"width":551,"height":9}},{"id":"8f858d4d-351f-4593-996f-6a09e588fa8e","block_type":"box","text":"MRO Parent Corp. 370,370 364,815 367,778 2,963","page_number":39,"box":{"x":397,"y":388,"width":551,"height":9}},{"id":"bd23b135-7da7-4e72-b7dc-e7448b8009b2","block_type":"box","text":"NP Kaba Mergersub, Inc. 525,356 522,730 515,410 (7,320)","page_number":39,"box":{"x":397,"y":400,"width":551,"height":10}},{"id":"c676675c-5f54-4a7d-be0d-4d4c8d89071d","block_type":"box","text":"NP Kaba Mergersub, Inc. 295,717 294,238 290,118 (4,120)","page_number":39,"box":{"x":397,"y":413,"width":551,"height":10}},{"id":"1f2f4bbc-e13e-4c67-8891-3537caa5258d","block_type":"box","text":"Nxgen Buyer, Inc. 31,962 31,962 31,674 (288)","page_number":39,"box":{"x":397,"y":426,"width":551,"height":10}},{"id":"5eb7e63d-573f-442e-89a6-55ed05f0f975","block_type":"box","text":"Oak Funding LLC 593,655 590,687 584,193 (6,494)","page_number":39,"box":{"x":397,"y":439,"width":551,"height":10}},{"id":"6c654566-7e5c-44ad-9de1-f0d8a26dfde0","block_type":"box","text":"Oak Purchaser, Inc. 230,265 227,962 229,344 1,382","page_number":39,"box":{"x":397,"y":452,"width":551,"height":9}},{"id":"fadc3283-4ec4-470f-bbbc-8d5e982afa7a","block_type":"box","text":"Pluralsight, Inc. 279,766 279,766 226,611 (53,155)","page_number":39,"box":{"x":397,"y":465,"width":551,"height":10}},{"id":"ca0e1eae-1f90-447c-8d26-3e4a94271a12","block_type":"box","text":"Pluralsight, Inc. 105,609 105,609 85,543 (20,066)","page_number":39,"box":{"x":397,"y":478,"width":551,"height":9}},{"id":"4b94d9a7-a3cb-4134-8ba6-fa73e22f3d0d","block_type":"box","text":"PMA Parent Holdings LLC 12,500 12,500 12,300 (200)","page_number":39,"box":{"x":397,"y":491,"width":551,"height":9}},{"id":"001e2999-f4e9-4000-a34a-500b6662f5a3","block_type":"box","text":"Pueblo Mechanical and Controls LLC 117,500 117,500 116,692 (808)","page_number":39,"box":{"x":397,"y":504,"width":551,"height":9}},{"id":"dc203ab1-c9fe-49dc-9076-46bfaf05630d","block_type":"box","text":"RBS Buyer, Inc. 600,000 592,500 600,000 7,500","page_number":39,"box":{"x":397,"y":516,"width":551,"height":10}},{"id":"8deef638-eb47-42cf-b7b0-6afaf9c9e4bd","block_type":"box","text":"RBS Buyer, Inc. 360,000 355,500 369,360 13,860","page_number":39,"box":{"x":397,"y":529,"width":551,"height":10}},{"id":"71539d44-1048-43af-a353-efa7fe4bf352","block_type":"box","text":"Saber Parent Holdings Corp. 556,267 554,877 546,038 (8,839)","page_number":39,"box":{"x":397,"y":542,"width":551,"height":10}},{"id":"05be8f4c-ff29-449d-b03a-0abe55d32e57","block_type":"box","text":"Saber Parent Holdings Corp. 200,064 199,064 196,385 (2,679)","page_number":39,"box":{"x":397,"y":555,"width":551,"height":10}},{"id":"adeafa34-aba7-4840-a280-289beb4ba8fc","block_type":"box","text":"Serrano Parent LLC 6,840 6,840 6,142 (698)","page_number":39,"box":{"x":397,"y":568,"width":551,"height":10}},{"id":"ec8204c2-9602-4eea-a71f-fc8b06f1ed81","block_type":"box","text":"Smarsh, Inc. 148,190 146,709 138,410 (8,299)","page_number":39,"box":{"x":397,"y":581,"width":551,"height":10}},{"id":"ed71e5cc-be7b-4c2d-9c81-3605e5892ca5","block_type":"box","text":"Smarsh, Inc. 40,635 40,635 37,953 (2,682)","page_number":39,"box":{"x":397,"y":594,"width":551,"height":9}},{"id":"ffe60dad-ce4d-4db8-be53-bc1db50f1d3e","block_type":"box","text":"Sparkstone Electrical Group 5,043 4,967 4,110 (857)","page_number":39,"box":{"x":397,"y":607,"width":551,"height":9}},{"id":"a14254b2-d6be-4db8-a0b9-cd66b7c0ffc3","block_type":"box","text":"Sparkstone Electrical Group 22,414 22,078 18,268 (3,810)","page_number":39,"box":{"x":397,"y":620,"width":551,"height":9}},{"id":"fea4dcef-3ca1-4c6d-9034-441e02241ba6","block_type":"box","text":"Stonebridge Cos. LLC 928,618 928,618 937,904 9,286","page_number":39,"box":{"x":397,"y":632,"width":551,"height":10}},{"id":"49e04eb8-a367-470c-a95e-06920391776c","block_type":"box","text":"Stonebridge Cos. LLC 619,079 619,079 619,079 —","page_number":39,"box":{"x":397,"y":645,"width":552,"height":10}},{"id":"615d78b7-e3dc-4595-ad69-3466e688de2f","block_type":"box","text":"Streamland Media Midco LLC 1,480 1,480 1,480 —","page_number":39,"box":{"x":397,"y":658,"width":552,"height":9}},{"id":"ee07299e-98e0-413d-a893-8b28d6bd167f","block_type":"box","text":"Suited Connector LLC 415,655 415,655 415,655 —","page_number":39,"box":{"x":397,"y":671,"width":552,"height":9}},{"id":"4ca2c89d-77da-45d6-bfe8-1036a3651326","block_type":"box","text":"Supergoop LLC 5,707 5,690 5,262 (428)","page_number":39,"box":{"x":397,"y":684,"width":551,"height":10}},{"id":"9c7fd9f8-7316-4fd0-a491-007f32469320","block_type":"box","text":"Thunder Purchaser, Inc. 204,439 204,439 203,042 (1,397)","page_number":39,"box":{"x":396,"y":697,"width":552,"height":10}},{"id":"54a59ab1-067d-47bb-b239-b6417433867c","block_type":"box","text":"Thunder Purchaser, Inc. 231,285 231,285 228,298 (2,987)","page_number":39,"box":{"x":396,"y":710,"width":552,"height":9}},{"id":"d3ec28a5-5c78-4d3a-b388-3c3d5a2d891e","block_type":"box","text":"Titan Home Improvement LLC 581,395 573,742 581,396 7,654","page_number":39,"box":{"x":396,"y":723,"width":552,"height":9}},{"id":"6c12e0c8-10d2-4dc9-bc33-0feec755e75c","block_type":"box","text":"Trading Tech International, Inc. 668,284 667,449 655,000 (12,449)","page_number":39,"box":{"x":396,"y":736,"width":552,"height":9}},{"id":"c5ce3a3b-9f09-4e05-8fce-adf71fd4ce6f","block_type":"box","text":"Wealth Enhancement Group LLC 282,352 282,352 281,292 (1,060)","page_number":39,"box":{"x":396,"y":748,"width":552,"height":10}},{"id":"1390a8c4-17eb-4df9-bd4d-b72669940e9c","block_type":"box","text":"Wharf Street Ratings Acquisition LLC 236,250 233,888 236,723 2,835","page_number":39,"box":{"x":396,"y":761,"width":552,"height":10}},{"id":"258d1eeb-d5b5-461a-a90a-13e94a7d333e","block_type":"box","text":"Wharf Street Ratings Acquisition LLC 236,250 233,888 236,251 2,363","page_number":39,"box":{"x":396,"y":774,"width":552,"height":10}},{"id":"821036ef-74f0-41ae-888f-764adfbbcb02","block_type":"box","text":"$ (487,664)","page_number":39,"box":{"x":880,"y":791,"width":68,"height":10}},{"id":"d35d1f03-28b1-4723-a2bd-7ddd27a37e2f","block_type":"box","text":"5. DERIVATIVE FINANCIAL INSTRUMENTS","page_number":39,"box":{"x":31,"y":823,"width":326,"height":11}},{"id":"656d74df-98bb-4657-89ce-f4bf9f9c6863","block_type":"box","text":"The Fund engages in various portfolio investment strategies using derivative contracts both to increase the returns of the Fund and/or to manage its e","page_number":39,"box":{"x":30,"y":855,"width":812,"height":11}},{"id":"a0aa062f-5a5e-4450-9958-0b56aef704e4","block_type":"box","text":"xposure to certain risks","page_number":39,"box":{"x":843,"y":855,"width":126,"height":11}},{"id":"a33f5466-bf4d-4d0b-959a-84e9cdeda3a8","block_type":"box","text":"such as credit risk, equity risk, interest rate risk, foreign currency exchange rate risk, commodity price risk or other risks (e.g., inflation risk)","page_number":39,"box":{"x":30,"y":869,"width":760,"height":11}},{"id":"a933ce1b-bba9-4703-a88b-4b07afffcba9","block_type":"box","text":". Derivative financial instruments","page_number":39,"box":{"x":792,"y":869,"width":177,"height":9}},{"id":"6f969c2b-a04a-49dc-bff3-ca334750d34c","block_type":"box","text":"categorized by risk exposure are included in the Consolidated Schedule of Investments. These contracts may be transacted on an exchange or over-the-","page_number":39,"box":{"x":30,"y":883,"width":836,"height":11}},{"id":"59cd46a4-fd67-4a19-9567-b7360076b30c","block_type":"box","text":"counter (“OTC”).","page_number":39,"box":{"x":867,"y":883,"width":90,"height":11}},{"id":"07600226-aa6e-40d4-8709-9fa154d1ac0a","block_type":"box","text":"Futures Contracts:","page_number":39,"box":{"x":31,"y":908,"width":107,"height":8}},{"id":"046a6486-bb6b-4ed9-8765-d05d3303dfb3","block_type":"box","text":"Futures contracts are purchased or sold to gain exposure to, or manage exposure to, changes in interest rates (interest rate risk) and changes in the va","page_number":39,"box":{"x":143,"y":908,"width":809,"height":11}},{"id":"33b9bda6-202a-4fcb-b79c-cb57962ca159","block_type":"box","text":"lue","page_number":39,"box":{"x":954,"y":908,"width":15,"height":8}},{"id":"b5afe22a-fd20-40bc-a45a-72f959f059db","block_type":"box","text":"of equity securities (equity risk) or foreign currencies (foreign currency exchange rate risk).","page_number":39,"box":{"x":30,"y":922,"width":494,"height":11}},{"id":"ab5e83ca-d322-4ed1-bdbf-431a2fc90d40","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":39,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"bee85145-b7e0-4bd3-b5b3-241bef8f8ce3","block_type":"box","text":"(unaudited) (continued)","page_number":39,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"4413ee06-b1bf-484f-bc9f-efb5079614c4","block_type":"box","text":"N","page_number":39,"box":{"x":31,"y":967,"width":6,"height":7}},{"id":"ced33b54-8c1c-48d6-8d6e-537de24b4f78","block_type":"box","text":"OTES TO","page_number":39,"box":{"x":42,"y":969,"width":57,"height":5}},{"id":"e67f4d92-5346-4abe-9eff-c924a12b220c","block_type":"box","text":"C","page_number":39,"box":{"x":111,"y":967,"width":7,"height":7}},{"id":"84dab0c7-699d-4222-92bf-a537501a89db","block_type":"box","text":"ONSOLIDATED","page_number":39,"box":{"x":123,"y":969,"width":93,"height":5}},{"id":"001f91ea-0c86-4d17-a684-18ff09242d4a","block_type":"box","text":"F","page_number":39,"box":{"x":229,"y":967,"width":5,"height":7}},{"id":"e3b084f8-30f5-44aa-b8ab-350de690057b","block_type":"box","text":"INANCIAL","page_number":39,"box":{"x":239,"y":969,"width":62,"height":5}},{"id":"c1d06b7a-8586-450a-874e-9fc576723651","block_type":"box","text":"S","page_number":39,"box":{"x":313,"y":967,"width":6,"height":7}},{"id":"23a0fe84-6d8f-4259-83be-289f468574b9","block_type":"box","text":"TATEMENTS","page_number":39,"box":{"x":324,"y":969,"width":76,"height":5}},{"id":"e9f3332f-7db1-43d7-b070-6a6291412ce5","block_type":"box","text":"NM0826U-5876566-39/56","page_number":39,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"06ab1d69-0dc4-4369-84a4-1c25bdb94436","block_type":"box","text":"39","page_number":39,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"48a65c63-5f3f-461e-8a34-20816cb8d889","block_type":"box","text":"Futures contracts are exchange-traded agreements between the Fund and a counterparty to buy or sell a specific quantity of an underlying instrument a","page_number":40,"box":{"x":31,"y":69,"width":819,"height":11}},{"id":"c47393a7-296c-4889-9d24-9be1f26a2975","block_type":"box","text":"t a specified price and","page_number":40,"box":{"x":851,"y":69,"width":118,"height":11}},{"id":"c50a4084-592a-4960-8cbb-44979f571a48","block_type":"box","text":"on a specified date. Depending on the terms of a contract, it is settled either through physical delivery of the underlying instrument on the settlemen","page_number":40,"box":{"x":30,"y":84,"width":802,"height":11}},{"id":"b6f7e21f-ddaf-4f05-a775-e5a129caa4cc","block_type":"box","text":"t date or by payment of a","page_number":40,"box":{"x":833,"y":84,"width":136,"height":11}},{"id":"6be498ea-861b-43ea-bcc2-cb3c4267163c","block_type":"box","text":"cash amount on the settlement date. Upon entering into a futures contract, the Fund is required to deposit initial margin with the broker in the form of c","page_number":40,"box":{"x":30,"y":98,"width":819,"height":11}},{"id":"b8bb03c6-0076-4210-9d4f-1e392bb2519b","block_type":"box","text":"ash or securities in an","page_number":40,"box":{"x":850,"y":98,"width":119,"height":8}},{"id":"3825faed-6bc9-43af-b844-64f515300f91","block_type":"box","text":"amount that varies depending on a contract’s size and risk profile. The initial margin deposit must then be maintained at an established level over the","page_number":40,"box":{"x":30,"y":112,"width":831,"height":11}},{"id":"3391e38f-cbec-4d11-83f7-07f7d9e25343","block_type":"box","text":"life of the contract.","page_number":40,"box":{"x":867,"y":112,"width":101,"height":9}},{"id":"44d06e3a-21ec-4873-b3ab-df3287740058","block_type":"box","text":"Amounts pledged, which are considered restricted, are included in cash pledged for futures contracts in the Consolidated Statement of Assets and Lia","page_number":40,"box":{"x":30,"y":126,"width":819,"height":11}},{"id":"2fecba7b-dd9a-4ae8-8fc7-8f437f84f277","block_type":"box","text":"bilities.","page_number":40,"box":{"x":851,"y":126,"width":36,"height":9}},{"id":"b18ab905-7ca0-4f0f-a569-5d3078cbbdc7","block_type":"box","text":"Securities deposited as initial margin are designated in the Consolidated Schedule of Investments and cash deposited, if any, are shown as cash pledg","page_number":40,"box":{"x":30,"y":151,"width":813,"height":11}},{"id":"7ba35ddc-7382-4cf6-9afd-0ae6d0645d5a","block_type":"box","text":"ed for futures contracts","page_number":40,"box":{"x":845,"y":151,"width":124,"height":8}},{"id":"a01d037c-a20a-4e97-a2be-207c94176422","block_type":"box","text":"in the Consolidated Statement of Assets and Liabilities. Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash","page_number":40,"box":{"x":31,"y":165,"width":839,"height":11}},{"id":"403cd3ab-ae6d-4612-a096-e95c0fdef4e2","block_type":"box","text":"equal to the daily","page_number":40,"box":{"x":875,"y":165,"width":94,"height":11}},{"id":"94034ff8-7034-4acf-ad18-8f3bd0982d82","block_type":"box","text":"fluctuation in market value of the contract (“variation margin”). Variation margin is recorded as unrealized appreciation (depreciation) and, if a","page_number":40,"box":{"x":30,"y":179,"width":775,"height":11}},{"id":"539f28fb-74de-4f08-aee3-d5579e5129e3","block_type":"box","text":"ny, shown as variation margin","page_number":40,"box":{"x":806,"y":179,"width":163,"height":11}},{"id":"4c58ee1b-93b9-4e8c-8a17-c99b2f899099","block_type":"box","text":"receivable (or payable) on futures contracts in the Consolidated Statement of Assets and Liabilities. When the contract is closed, a realized gain or","page_number":40,"box":{"x":31,"y":193,"width":812,"height":11}},{"id":"1fbda803-9826-4784-a274-b4469a90aff2","block_type":"box","text":"loss is recorded in the","page_number":40,"box":{"x":848,"y":193,"width":121,"height":9}},{"id":"a36f107c-4f38-4963-8251-15b5e78a744c","block_type":"box","text":"Consolidated Statement of Operations equal to the difference between the notional amount of the contract at the time it was opened and the notional amo","page_number":40,"box":{"x":30,"y":207,"width":828,"height":11}},{"id":"852f807c-43a8-40c4-b094-e27b3a6cd7b8","block_type":"box","text":"unt at the time it was","page_number":40,"box":{"x":859,"y":208,"width":110,"height":8}},{"id":"5c12cbe8-7ee7-47c1-a0a4-c1a097d73dd2","block_type":"box","text":"closed. The use of futures contracts involves the risk of an imperfect correlation in the movements in the price of futures contracts and interest rate","page_number":40,"box":{"x":30,"y":222,"width":782,"height":10}},{"id":"e7be34f3-da8f-4e24-bfff-42a045e35f65","block_type":"box","text":"s, foreign currency exchange","page_number":40,"box":{"x":813,"y":222,"width":156,"height":10}},{"id":"719e6927-3e2b-41f9-b6a2-cf79a754cf63","block_type":"box","text":"rates or underlying assets.","page_number":40,"box":{"x":31,"y":236,"width":143,"height":11}},{"id":"aedc69d4-2f0e-4a79-9c18-eef434917d19","block_type":"box","text":"Forward Foreign Currency Exchange Contracts","page_number":40,"box":{"x":31,"y":260,"width":275,"height":11}},{"id":"88769197-b804-46a4-a26f-c5b5f5e6a9ee","block_type":"box","text":": Forward foreign currency exchange contracts are entered into to gain or reduce exposure to foreign currencies (foreign","page_number":40,"box":{"x":308,"y":260,"width":661,"height":11}},{"id":"c6cb9650-f611-4e6a-9b4e-171393ccf52d","block_type":"box","text":"currency exchange rate risk).","page_number":40,"box":{"x":30,"y":274,"width":159,"height":11}},{"id":"f770bb60-5649-4967-8028-472cb52768cd","block_type":"box","text":"A forward foreign currency exchange contract is an agreement between two parties to buy and sell a currency at a set exchange rate on a specified date. Th","page_number":40,"box":{"x":30,"y":299,"width":839,"height":11}},{"id":"bc3052f2-2981-4c11-b32b-3520b4a85b17","block_type":"box","text":"ese contracts help","page_number":40,"box":{"x":870,"y":299,"width":99,"height":11}},{"id":"1cc41610-f976-4fe2-ab9c-e63e8e293a63","block_type":"box","text":"to manage the overall exposure to the currencies in which some of the investments held by the Fund are denominated and in some cases, may be used to obtain","page_number":40,"box":{"x":30,"y":313,"width":871,"height":11}},{"id":"bbc90564-42df-4f30-88aa-c78061221c9a","block_type":"box","text":"exposure to","page_number":40,"box":{"x":905,"y":313,"width":64,"height":11}},{"id":"496cc1b4-fa13-46f7-aa0b-1625e04b4083","block_type":"box","text":"a particular market. The contracts are traded OTC and not on an organized exchange.","page_number":40,"box":{"x":30,"y":327,"width":470,"height":11}},{"id":"14a2a2f6-e1e1-4b0c-bc0a-1dd62bd9e182","block_type":"box","text":"The contract is marked-to-market daily and the change in market value is recorded as unrealized appreciation (depreciation) in the Consolidated Sta","page_number":40,"box":{"x":30,"y":352,"width":822,"height":11}},{"id":"9454895b-04c4-49ea-bca7-ecc7c5742458","block_type":"box","text":"tement of Assets and","page_number":40,"box":{"x":853,"y":352,"width":116,"height":8}},{"id":"c0da0a0b-4aab-4613-96e4-c8803a33a7ea","block_type":"box","text":"Liabilities. When a contract is closed, a realized gain or loss is recorded in the Consolidated Statement of Operations equal to the difference betwee","page_number":40,"box":{"x":31,"y":366,"width":806,"height":11}},{"id":"d1983e43-7f9a-45b0-99fa-5045fb1b52e4","block_type":"box","text":"n the value at the time it","page_number":40,"box":{"x":839,"y":366,"width":130,"height":9}},{"id":"630a2ae1-22fc-4d35-94b0-5c65e6cf2b7b","block_type":"box","text":"was opened and the value at the time it was closed. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in c","page_number":40,"box":{"x":30,"y":380,"width":811,"height":11}},{"id":"c438c267-46e1-4a45-bf40-49bef9fc8c7b","block_type":"box","text":"ash without the delivery","page_number":40,"box":{"x":842,"y":380,"width":127,"height":11}},{"id":"c0fa1371-d23d-45cb-a4ce-783c0b9308a9","block_type":"box","text":"of foreign currency. The use of forward foreign currency exchange contracts involves the risk that the value of a forward foreign currency exchange co","page_number":40,"box":{"x":30,"y":394,"width":856,"height":11}},{"id":"ea5c84a6-af97-4d09-85e3-f05a645dbff8","block_type":"box","text":"ntract changes","page_number":40,"box":{"x":887,"y":394,"width":82,"height":11}},{"id":"f735a889-c609-4fb5-9efb-3226ebf2de59","block_type":"box","text":"unfavorably due to movements in the value of the referenced foreign currencies, and such value may exceed the amount(s) reflected in the Consolidated","page_number":40,"box":{"x":31,"y":409,"width":825,"height":10}},{"id":"d64302f3-96d7-419f-b0b8-33d94be948a0","block_type":"box","text":"Statement of Assets","page_number":40,"box":{"x":861,"y":409,"width":108,"height":8}},{"id":"ca378c2d-1d3c-485e-b01b-2e62a539bd10","block_type":"box","text":"and Liabilities. Cash amounts pledged for forward foreign currency exchange contracts are considered restricted and are included in cash pledged as","page_number":40,"box":{"x":30,"y":423,"width":835,"height":11}},{"id":"3353a7eb-4be7-4565-a58c-ece035e2591b","block_type":"box","text":"collateral for OTC","page_number":40,"box":{"x":871,"y":423,"width":98,"height":8}},{"id":"48030287-8bdd-4919-84a9-d50c00e18c54","block_type":"box","text":"derivatives in the Consolidated Statement of Assets and Liabilities. The Fund’s risk of loss from counterparty credit risk on OTC derivatives is gene","page_number":40,"box":{"x":30,"y":437,"width":786,"height":11}},{"id":"8794f49b-4f5e-4d45-9fa6-80b5d657b5db","block_type":"box","text":"rally limited to the aggregate","page_number":40,"box":{"x":817,"y":437,"width":152,"height":11}},{"id":"3a750bfa-78ab-422b-9a20-38d611c75b5c","block_type":"box","text":"unrealized gain netted against any collateral held by the Fund.","page_number":40,"box":{"x":31,"y":451,"width":339,"height":11}},{"id":"a255fbc1-eea3-4f31-8be2-5b8ce9a3e84d","block_type":"box","text":"Swaps:","page_number":40,"box":{"x":30,"y":476,"width":42,"height":10}},{"id":"eb4ce681-b351-4c38-9623-464ddee88322","block_type":"box","text":"Swap contracts are entered into to manage exposure to issuers, markets and securities. Such contracts are agreements between the Fund and a counterpa","page_number":40,"box":{"x":78,"y":476,"width":863,"height":10}},{"id":"8cd92a6a-fae2-4de5-846d-48b8a1dad18e","block_type":"box","text":"rty to","page_number":40,"box":{"x":942,"y":476,"width":27,"height":10}},{"id":"0fdcaa1f-3756-461b-b710-891810a1f17a","block_type":"box","text":"make periodic net payments on a specified notional amount or a net payment upon termination. Swap agreements are privately negotiated in the OTC marke","page_number":40,"box":{"x":31,"y":490,"width":865,"height":11}},{"id":"6c3e58b4-4bea-48b1-b8d4-178d742f74eb","block_type":"box","text":"t and may be","page_number":40,"box":{"x":897,"y":490,"width":72,"height":11}},{"id":"1138a66e-8abc-4902-a2f4-0c112cb81929","block_type":"box","text":"entered into as a bilateral contract (“OTC swaps”) or centrally cleared (“centrally cleared swaps”).","page_number":40,"box":{"x":30,"y":504,"width":531,"height":11}},{"id":"e17e2926-9b93-486c-a6b6-c1b2c09df82f","block_type":"box","text":"For OTC swaps, any upfront premiums paid and any upfront fees received are shown as swap premiums paid and swap premiums received, respectively, in the","page_number":40,"box":{"x":31,"y":528,"width":862,"height":11}},{"id":"a5777fed-e37c-4ebd-ab0f-8945b674c575","block_type":"box","text":"Consolidated","page_number":40,"box":{"x":898,"y":528,"width":71,"height":9}},{"id":"0c7b5ecf-4a94-4c1a-bab3-06437e9d9c7a","block_type":"box","text":"Statement of Assets and Liabilities and amortized over the term of the contract. The daily fluctuation in market value is recorded as unrealized appre","page_number":40,"box":{"x":30,"y":543,"width":807,"height":10}},{"id":"7c13c438-8130-4fb8-be16-9282c5bed110","block_type":"box","text":"ciation (depreciation) on","page_number":40,"box":{"x":838,"y":543,"width":131,"height":10}},{"id":"c3d3e6f9-acb5-4675-83a7-51dee64e62c9","block_type":"box","text":"OTC swaps in the Consolidated Statement of Assets and Liabilities. Payments received or paid are recorded in the Consolidated Statement of Operation","page_number":40,"box":{"x":30,"y":557,"width":823,"height":11}},{"id":"8c93f962-1d84-4315-88c4-21c2bdad60d3","block_type":"box","text":"s as realized gains or","page_number":40,"box":{"x":855,"y":557,"width":115,"height":11}},{"id":"98a44a2c-deba-4d70-813e-7b64f3e71361","block_type":"box","text":"losses, respectively. When an OTC swap is terminated, a realized gain or loss is recorded in the Consolidated Statement of Operations equal to the diff","page_number":40,"box":{"x":31,"y":571,"width":830,"height":11}},{"id":"c1c80ee2-aa0b-414c-a044-3a1d3efddfcc","block_type":"box","text":"erence between the","page_number":40,"box":{"x":861,"y":571,"width":108,"height":9}},{"id":"9f5c764c-203c-4e67-8004-21df9629c1ae","block_type":"box","text":"proceeds from (or cost of) the closing transaction and the Fund’s basis in the contract, if any. Generally, the basis of the contract is the premium rece","page_number":40,"box":{"x":31,"y":585,"width":812,"height":11}},{"id":"38aa7790-1436-4917-8ffa-62aaf6618e80","block_type":"box","text":"ived or paid.","page_number":40,"box":{"x":844,"y":585,"width":66,"height":11}},{"id":"23418228-1759-4555-b69c-7883d191b367","block_type":"box","text":"In a centrally cleared swap, immediately following execution of the swap contract, the swap contract is novated to a central counterparty (the “CCP”)","page_number":40,"box":{"x":31,"y":610,"width":793,"height":10}},{"id":"00eb0612-e2fa-4bc4-9ed8-54dfee7243d4","block_type":"box","text":"and the CCP becomes the","page_number":40,"box":{"x":828,"y":610,"width":141,"height":8}},{"id":"2a1497fa-fe5c-4c78-a4ed-5280a8ddc0c5","block_type":"box","text":"Fund’s counterparty on the swap. The Fund is required to interface with the CCP through the broker. Upon entering into a centrally cleared swap, the Fun","page_number":40,"box":{"x":31,"y":624,"width":853,"height":11}},{"id":"f14a6660-c000-4214-942c-58bc14808964","block_type":"box","text":"d is required to","page_number":40,"box":{"x":886,"y":624,"width":83,"height":11}},{"id":"dcd895ed-55e2-4af7-9f9c-4de845e2b0bb","block_type":"box","text":"deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular","page_number":40,"box":{"x":30,"y":638,"width":790,"height":11}},{"id":"69a44743-6bb6-4472-b13b-2b8958315362","block_type":"box","text":"swap. Securities deposited","page_number":40,"box":{"x":824,"y":638,"width":145,"height":11}},{"id":"804bfeab-3574-48a7-b9ee-cb93e5dc04c2","block_type":"box","text":"as initial margin are designated in the Consolidated Schedule of Investments and cash deposited is shown as cash pledged for centrally cleared swaps i","page_number":40,"box":{"x":30,"y":652,"width":835,"height":11}},{"id":"d94e8eeb-e5ba-4fa9-97b2-70ac0a2c2ea2","block_type":"box","text":"n the Consolidated","page_number":40,"box":{"x":867,"y":652,"width":101,"height":9}},{"id":"e1bbfd2b-4863-4d3d-8426-ddf736a26d6e","block_type":"box","text":"Statement of Assets and Liabilities. Amounts pledged, which are considered restricted cash, are included in cash pledged for centrally cleared swap","page_number":40,"box":{"x":30,"y":666,"width":821,"height":11}},{"id":"d2a1ce4c-ccf2-4788-8d03-92244c740762","block_type":"box","text":"s in the Consolidated","page_number":40,"box":{"x":852,"y":666,"width":116,"height":9}},{"id":"75c25a52-16de-4676-9070-fd78609e3b7f","block_type":"box","text":"Statement of Assets and Liabilities. Pursuant to the contract, the Fund agrees to receive from or pay to the broker variation margin. Variation margin","page_number":40,"box":{"x":30,"y":681,"width":799,"height":10}},{"id":"051ac59f-6c7c-45f9-a186-9041b9827754","block_type":"box","text":"is recorded as unrealized","page_number":40,"box":{"x":833,"y":681,"width":136,"height":8}},{"id":"3b924ccb-74f1-48ec-8abf-a08b70778b57","block_type":"box","text":"appreciation (depreciation) and shown as variation margin receivable (or payable) on centrally cleared swaps in the Consolidated Statement of Asse","page_number":40,"box":{"x":30,"y":695,"width":844,"height":11}},{"id":"28a25ea3-bd44-4dc1-94d0-dc88b9887db7","block_type":"box","text":"ts and Liabilities.","page_number":40,"box":{"x":875,"y":695,"width":93,"height":8}},{"id":"e6560b87-969c-42bd-aa1b-b096a2579c67","block_type":"box","text":"Payments received from (paid to) the counterparty are amortized over the term of the contract and recorded as realized gains (losses) in the Consolida","page_number":40,"box":{"x":31,"y":709,"width":845,"height":11}},{"id":"d5bec59f-bd2e-4571-be8b-46bd3714bb1f","block_type":"box","text":"ted Statement of","page_number":40,"box":{"x":877,"y":709,"width":93,"height":8}},{"id":"2eb527cc-5e5e-4932-b13f-f1e327388929","block_type":"box","text":"Operations, including those at termination.","page_number":40,"box":{"x":30,"y":723,"width":231,"height":11}},{"id":"8ca5bdc8-92d6-4077-b343-ad53233da261","block_type":"box","text":"•","page_number":40,"box":{"x":47,"y":752,"width":4,"height":3}},{"id":"bf461f82-b0b6-44eb-8dd7-3aecabb7177e","block_type":"box","text":"Credit default swaps — Credit default swaps are entered into to manage exposure to the market or certain sectors of the market, to reduce risk exposure t","page_number":40,"box":{"x":70,"y":749,"width":832,"height":11}},{"id":"31782e02-4b6b-4303-ab14-c96b6e1ee6d2","block_type":"box","text":"o defaults of","page_number":40,"box":{"x":903,"y":749,"width":67,"height":8}},{"id":"13613261-0b54-4ab3-9742-bfbd58d44613","block_type":"box","text":"corporate and/or sovereign issuers or to create exposure to corporate and/or sovereign issuers to which a fund is not otherwise exposed (credit risk)","page_number":40,"box":{"x":70,"y":763,"width":809,"height":11}},{"id":"1af74065-fa0d-472b-a09e-8c997b603be7","block_type":"box","text":".","page_number":40,"box":{"x":881,"y":770,"width":2,"height":1}},{"id":"b236563f-ed74-4037-b831-3159651f4da3","block_type":"box","text":"The Fund may either buy or sell (write) credit default swaps on single-name issuers (corporate or sovereign), a combination or basket of single-name i","page_number":40,"box":{"x":70,"y":789,"width":810,"height":11}},{"id":"73fd9d7d-f151-43dc-a163-2db5cda42719","block_type":"box","text":"ssuers or traded","page_number":40,"box":{"x":881,"y":789,"width":88,"height":8}},{"id":"18c612f4-6f22-4ebb-9e7d-22e7bbed0a19","block_type":"box","text":"indexes. Credit default swaps are agreements in which the protection buyer pays fixed periodic payments to the seller in consideration for a promise f","page_number":40,"box":{"x":70,"y":803,"width":801,"height":11}},{"id":"fdb0ebf9-49c3-4bbd-b631-14199b55ed24","block_type":"box","text":"rom the protection","page_number":40,"box":{"x":872,"y":803,"width":97,"height":11}},{"id":"b4582987-1b8b-4c00-9991-1faf0e3c836b","block_type":"box","text":"seller to make a specific payment should a negative credit event take place with respect to the referenced entity (e.g., bankruptcy, failure to pay, ob","page_number":40,"box":{"x":70,"y":817,"width":786,"height":11}},{"id":"7becaa4c-747e-4941-8511-8620c21475ff","block_type":"box","text":"ligation acceleration,","page_number":40,"box":{"x":858,"y":817,"width":110,"height":11}},{"id":"9b60ea71-a7d1-469a-88c5-4c4ad26f88cd","block_type":"box","text":"repudiation, moratorium or restructuring). As a buyer, if an underlying credit event occurs, the Fund will either (i) receive from the seller an amoun","page_number":40,"box":{"x":70,"y":831,"width":782,"height":11}},{"id":"28b15d1f-5b80-41a4-9a61-5b1869f10399","block_type":"box","text":"t equal to the notional","page_number":40,"box":{"x":853,"y":831,"width":116,"height":11}},{"id":"67bb5d03-4e8b-4f08-836e-5e88db470a86","block_type":"box","text":"amount of the swap and deliver the referenced security or underlying securities comprising the index, or (ii) receive a net settlement of cash equal to","page_number":40,"box":{"x":70,"y":846,"width":789,"height":10}},{"id":"dfab8e03-a434-4c68-9f7e-b45dc55bacea","block_type":"box","text":"the notional amount","page_number":40,"box":{"x":862,"y":846,"width":107,"height":8}},{"id":"6b1ea958-7610-46f5-b261-774112f1def2","block_type":"box","text":"of the swap less the recovery value of the security or underlying securities comprising the index. As a seller (writer), if an underlying credit event o","page_number":40,"box":{"x":70,"y":860,"width":793,"height":11}},{"id":"d29f74b6-f673-46a2-a793-59a48455130a","block_type":"box","text":"ccurs, the Fund will","page_number":40,"box":{"x":864,"y":860,"width":105,"height":10}},{"id":"59035eec-18bb-4c26-abf5-e65d3f74a711","block_type":"box","text":"either pay the buyer an amount equal to the notional amount of the swap and take delivery of the referenced security or underlying securities comprisin","page_number":40,"box":{"x":70,"y":874,"width":823,"height":11}},{"id":"a761e6ab-d47d-4ed9-bcd1-24653eda1aa9","block_type":"box","text":"g the index or","page_number":40,"box":{"x":895,"y":874,"width":75,"height":11}},{"id":"9878173c-67cd-438a-9db9-a46d5b29415b","block_type":"box","text":"pay a net settlement of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the ind","page_number":40,"box":{"x":70,"y":888,"width":826,"height":11}},{"id":"1e70b472-45e7-4265-89a0-eaa48c12db4c","block_type":"box","text":"ex.","page_number":40,"box":{"x":897,"y":890,"width":15,"height":7}},{"id":"56c705ee-93f6-4cb9-a6d8-488295224565","block_type":"box","text":"Swap transactions involve, to varying degrees, elements of interest rate, credit and market risks in excess of the amounts recognized in the Consolid","page_number":40,"box":{"x":30,"y":913,"width":802,"height":10}},{"id":"b1aaf360-9ef4-4028-a61c-5af494a14173","block_type":"box","text":"ated Statement of Assets","page_number":40,"box":{"x":833,"y":913,"width":136,"height":8}},{"id":"bec51d7b-e2b7-4092-b43e-e8cfa1e12a78","block_type":"box","text":"and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements","page_number":40,"box":{"x":30,"y":927,"width":783,"height":11}},{"id":"4da39661-732c-4f35-bf5f-a595505f2d4f","block_type":"box","text":"may default on its obligation","page_number":40,"box":{"x":817,"y":927,"width":151,"height":11}},{"id":"0c4b9668-a286-46cf-b0cb-95a6c9a68d38","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":40,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"a62ad7a0-3d76-47e2-93b0-395033469747","block_type":"box","text":"(unaudited) (continued)","page_number":40,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"725a53d9-6692-4f1a-961f-493072d4e878","block_type":"box","text":"40","page_number":40,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"a806aef9-1ef4-4407-9788-83c7261497ae","block_type":"box","text":"2026","page_number":40,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"49780029-89eb-4a21-9412-163df8be5f38","block_type":"box","text":"B","page_number":40,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"ed0eba23-38d9-41bf-96b3-18a2711d2872","block_type":"box","text":"LACK","page_number":40,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"34456b14-58c4-4aa6-843d-a7d7d333ced6","block_type":"box","text":"R","page_number":40,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"b204258e-aae7-4f06-b08f-89bca7efadb1","block_type":"box","text":"OCK","page_number":40,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"77b50b62-ddb1-4dc0-b5c9-4db07f356a5c","block_type":"box","text":"S","page_number":40,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"82a1e857-9544-443b-be6e-41bb73536195","block_type":"box","text":"EMI","page_number":40,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"3d246a9b-8744-463f-9c48-8ae2bbacec4c","block_type":"box","text":"-A","page_number":40,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"942c485d-4cff-46a1-9f86-ab7ded21b060","block_type":"box","text":"NNUAL","page_number":40,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"58e8b82f-0038-4319-9e71-513be5a4968a","block_type":"box","text":"NM0826U-5876566-40/56 R EPORT TO S HARE","page_number":40,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"50ed5502-767d-4118-a84a-21ea991dfa79","block_type":"box","text":"NM\r\nR","page_number":40,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"2465540f-b5bd-4dd3-bb98-6a05f6d7dfd9","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":40,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"607cdd98-d87a-451a-a335-c5e0692d776a","block_type":"box","text":"66\r\nS","page_number":40,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"3121df51-7451-432e-928a-49ac3012f788","block_type":"box","text":"-40/56 \r\nHAREHOLDERS","page_number":40,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"5597918b-e52d-40a3-b3d6-cfe8a098ff86","block_type":"box","text":"to perform or disagree as to the meaning of the contractual terms in the agreements, and that there may be unfavorable changes in interest rates and/or m","page_number":41,"box":{"x":30,"y":69,"width":871,"height":11}},{"id":"97108daf-6848-46b5-b002-5a7aafc13691","block_type":"box","text":"arket values","page_number":41,"box":{"x":902,"y":70,"width":67,"height":8}},{"id":"573cafc1-c058-4224-a2f5-b2d252ffebe1","block_type":"box","text":"associated with these transactions.","page_number":41,"box":{"x":30,"y":84,"width":191,"height":8}},{"id":"d9298ecc-8fb1-4d86-96df-5018177863c4","block_type":"box","text":"Master Netting Arrangements:","page_number":41,"box":{"x":31,"y":108,"width":179,"height":11}},{"id":"a1fc3da9-3ddc-4824-a8a8-6f843bbd29c5","block_type":"box","text":"In order to define its contractual rights and to secure rights that will help it mitigate its counterparty risk, the Fund may enter into an","page_number":41,"box":{"x":217,"y":108,"width":752,"height":11}},{"id":"b7552482-8580-43f2-8f4b-3cb383548df3","block_type":"box","text":"International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its derivative contra","page_number":41,"box":{"x":31,"y":122,"width":794,"height":11}},{"id":"08986466-f12a-4696-86cd-ec01c416ebf0","block_type":"box","text":"ct counterparties. An ISDA","page_number":41,"box":{"x":826,"y":122,"width":144,"height":11}},{"id":"9d540f22-04eb-4b59-9746-35b654622499","block_type":"box","text":"Master Agreement is a bilateral agreement between the Fund and a counterparty that governs certain OTC derivatives and typically contains, among oth","page_number":41,"box":{"x":31,"y":136,"width":833,"height":11}},{"id":"ec6b0149-8e85-4fd4-befe-f70f29de2550","block_type":"box","text":"er things, collateral","page_number":41,"box":{"x":866,"y":137,"width":103,"height":10}},{"id":"875bd5bf-1882-4068-aaeb-782b0eef5766","block_type":"box","text":"posting terms and netting provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, the Fund may, under certain ci","page_number":41,"box":{"x":31,"y":151,"width":830,"height":11}},{"id":"223c4e58-9292-4c1b-a4f0-a883fbeb4dce","block_type":"box","text":"rcumstances, offset","page_number":41,"box":{"x":863,"y":151,"width":106,"height":10}},{"id":"21f2cd13-0e43-4d40-9a3f-b14e8be2a5b9","block_type":"box","text":"with the counterparty certain derivative financial instruments’ payables and/or receivables with collateral held and/or posted and create one sin","page_number":41,"box":{"x":30,"y":165,"width":766,"height":11}},{"id":"ca22fe07-82dd-4874-a61e-1f0ee04e1a10","block_type":"box","text":"gle net payment. The provisions","page_number":41,"box":{"x":797,"y":165,"width":172,"height":11}},{"id":"a1bbc6d8-8c50-4e93-b3d3-ddebaadcf6e6","block_type":"box","text":"of the ISDA Master Agreement typically permit a single net payment in the event of default including the bankruptcy or insolvency of the counterparty.","page_number":41,"box":{"x":30,"y":179,"width":806,"height":11}},{"id":"0cb5dc43-234d-46b8-ade2-6eac660d2534","block_type":"box","text":"However, bankruptcy or","page_number":41,"box":{"x":841,"y":179,"width":129,"height":11}},{"id":"9e8fb35a-e9ef-4a4f-a44c-e6042223008c","block_type":"box","text":"insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency or oth","page_number":41,"box":{"x":31,"y":193,"width":772,"height":11}},{"id":"977283c0-e55e-4e1d-bf39-fc28fce3e552","block_type":"box","text":"er events.","page_number":41,"box":{"x":804,"y":194,"width":53,"height":8}},{"id":"4be6605b-46c3-48ee-99f9-6e05aeabb9f5","block_type":"box","text":"Collateral Requirements:","page_number":41,"box":{"x":30,"y":218,"width":145,"height":10}},{"id":"2b9e142b-4a3a-4d9f-b117-1b2cd2ca0120","block_type":"box","text":"For derivatives traded under an ISDA Master Agreement, the collateral requirements are typically calculated by netting the mark-to-market amount","page_number":41,"box":{"x":180,"y":218,"width":789,"height":11}},{"id":"706fd560-4cac-42f6-b183-c4d2eba937af","block_type":"box","text":"for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by the Fund and the counterparty.","page_number":41,"box":{"x":30,"y":232,"width":834,"height":11}},{"id":"b32e46b6-82db-4231-bc5b-f7752fc1bfc6","block_type":"box","text":"Cash collateral that has been pledged to cover obligations of the Fund and cash collateral received from the counterparty, if any, is reported separat","page_number":41,"box":{"x":30,"y":256,"width":813,"height":11}},{"id":"e222d67a-97b6-4c19-84b2-f9978fbc890e","block_type":"box","text":"ely in the Consolidated","page_number":41,"box":{"x":844,"y":256,"width":124,"height":11}},{"id":"c9b11be4-6543-4174-820d-0d1168a00548","block_type":"box","text":"Statement of Assets and Liabilities as cash pledged as collateral and cash received as collateral, respectively. Non-cash collateral pledged by the","page_number":41,"box":{"x":30,"y":271,"width":789,"height":10}},{"id":"759efc6c-1d0a-4463-bc83-b3c2eed04ab0","block_type":"box","text":"Fund, if any, is noted in the","page_number":41,"box":{"x":824,"y":271,"width":145,"height":10}},{"id":"91f7abda-9e7b-4ce5-8e21-255afe90ba89","block_type":"box","text":"Consolidated Schedule of Investments. Generally, the amount of collateral due from or to a counterparty is subject to a certain minimum transfer amou","page_number":41,"box":{"x":30,"y":285,"width":824,"height":11}},{"id":"c333fb1e-69e2-4c2c-832d-3302c3ebbc85","block_type":"box","text":"nt threshold before a","page_number":41,"box":{"x":856,"y":285,"width":113,"height":8}},{"id":"1432b71f-6e8b-43fd-a14b-2599aed9b621","block_type":"box","text":"transfer is required, which is determined at the close of business of the Fund. Any additional required collateral is delivered to/pledged by the Fund","page_number":41,"box":{"x":30,"y":299,"width":796,"height":11}},{"id":"9a614129-c39c-430b-9b95-42699afe51cf","block_type":"box","text":"on the next business day.","page_number":41,"box":{"x":831,"y":299,"width":137,"height":11}},{"id":"7ebf096e-00ff-4cd2-a7c3-8b2315514274","block_type":"box","text":"Typically, the counterparty is not permitted to sell, re-pledge or use cash and non-cash collateral it receives. The Fund generally agrees not to use n","page_number":41,"box":{"x":30,"y":313,"width":807,"height":11}},{"id":"a43a046d-9283-4056-8dda-681422a4c5be","block_type":"box","text":"on-cash collateral that it","page_number":41,"box":{"x":839,"y":313,"width":130,"height":9}},{"id":"89be8edc-5ccb-4e85-bf6f-38853905c8f9","block_type":"box","text":"receives but may, absent default or certain other circumstances defined in the underlying ISDA Master Agreement, be permitted to use cash collateral","page_number":41,"box":{"x":31,"y":327,"width":803,"height":11}},{"id":"52110c13-2f9f-445e-8248-ac7104706963","block_type":"box","text":"received. In such cases,","page_number":41,"box":{"x":839,"y":327,"width":129,"height":10}},{"id":"cae2d623-3998-4e29-84ea-2a992ebc3de4","block_type":"box","text":"interest may be paid pursuant to the collateral arrangement with the counterparty. To the extent amounts due to the Fund from the counterparty are not f","page_number":41,"box":{"x":31,"y":341,"width":841,"height":11}},{"id":"8f3dae22-c509-4f7e-8831-ee906d6bd8c0","block_type":"box","text":"ully collateralized,","page_number":41,"box":{"x":872,"y":342,"width":96,"height":10}},{"id":"b13fc8a5-e20b-4d46-b7db-9dac35767ad5","block_type":"box","text":"the Fund bears the risk of loss from counterparty non-performance. Likewise, to the extent the Fund has delivered collateral to a counterparty and sta","page_number":41,"box":{"x":30,"y":356,"width":824,"height":11}},{"id":"e87dd37b-2dd5-4d54-8a04-96480e175f51","block_type":"box","text":"nds ready to perform","page_number":41,"box":{"x":855,"y":356,"width":114,"height":11}},{"id":"ce889aaf-7bcb-46a8-a1f4-79155e6260b0","block_type":"box","text":"under the terms of its agreement with such counterparty, the Fund bears the risk of loss from a counterparty in the amount of the value of the collateral i","page_number":41,"box":{"x":31,"y":370,"width":852,"height":11}},{"id":"353880e8-2d01-4fcf-a552-1e2d112abf5c","block_type":"box","text":"n the event the","page_number":41,"box":{"x":885,"y":370,"width":84,"height":8}},{"id":"c66eabe0-e7de-4d0c-b359-211055e101c6","block_type":"box","text":"counterparty fails to return such collateral. Based on the terms of agreements, collateral may not be required for all derivative contracts.","page_number":41,"box":{"x":30,"y":384,"width":740,"height":11}},{"id":"ce6539b8-ac19-4286-9668-11b16ba0dc78","block_type":"box","text":"For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements, i","page_number":41,"box":{"x":31,"y":409,"width":794,"height":10}},{"id":"9f45257c-b302-4577-bc8f-2ec4b44b3a48","block_type":"box","text":"f any, in the Consolidated","page_number":41,"box":{"x":826,"y":409,"width":142,"height":10}},{"id":"ac5d28a8-ec10-4cd1-8cbd-6e9217396034","block_type":"box","text":"Statement of Assets and Liabilities.","page_number":41,"box":{"x":30,"y":423,"width":191,"height":8}},{"id":"dcedd3ab-cbc1-4fa8-aab9-80cf8374e26a","block_type":"box","text":"6. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES","page_number":41,"box":{"x":31,"y":452,"width":685,"height":11}},{"id":"f05bec0a-c18c-429b-a417-d857209a7406","block_type":"box","text":"Investment Advisory:","page_number":41,"box":{"x":31,"y":484,"width":123,"height":11}},{"id":"4cca0f37-00bd-4fe4-ab50-6dca33a8f55f","block_type":"box","text":"The Fund entered into an Investment Advisory Agreement with the Manager, the Fund’s investment adviser and an indirect, majority-owned subsidiary","page_number":41,"box":{"x":158,"y":484,"width":811,"height":11}},{"id":"7d9e67ff-27a5-45b1-8f58-33f6f57ef588","block_type":"box","text":"of BlackRock, Inc. (“BlackRock”), to provide investment advisory and administrative services. The Manager is responsible for the management of the","page_number":41,"box":{"x":30,"y":498,"width":825,"height":11}},{"id":"a0990fdf-25e5-44b3-b3fc-8cfbcc40d52e","block_type":"box","text":"Fund’s portfolio and","page_number":41,"box":{"x":860,"y":498,"width":109,"height":11}},{"id":"4ace06b3-98a5-4269-95b0-ec0221c985ee","block_type":"box","text":"provides the personnel, facilities, equipment and certain other services necessary to the operations of the Fund.","page_number":41,"box":{"x":31,"y":512,"width":610,"height":11}},{"id":"463ed411-98a0-4641-b8d0-e2fe81dff6bd","block_type":"box","text":"For such services, the Fund pays the Manager a monthly fee at an annual rate equal to 1.00% of the average daily value of the Fund’s managed assets. For pur","page_number":41,"box":{"x":31,"y":537,"width":891,"height":11}},{"id":"84ed34cd-840b-4c68-bbb0-cb0aed7970fc","block_type":"box","text":"poses of","page_number":41,"box":{"x":923,"y":537,"width":47,"height":11}},{"id":"e7b2d94e-4192-46f0-a919-9fa4a3a17f6d","block_type":"box","text":"calculating this fee, “managed assets” are determined as total assets of the Fund (including any assets attributable to money borrowed for investmen","page_number":41,"box":{"x":30,"y":551,"width":805,"height":11}},{"id":"f2bb4551-778e-4ac1-9d2c-406b65285d5a","block_type":"box","text":"t purposes) less the sum","page_number":41,"box":{"x":836,"y":551,"width":133,"height":11}},{"id":"86376ed3-1da7-4505-8160-6c62e1ea019b","block_type":"box","text":"of its accrued liabilities (other than money borrowed for investment purposes).","page_number":41,"box":{"x":30,"y":565,"width":425,"height":11}},{"id":"82e74033-d8e1-4ac1-97a8-fce1c7ec3ead","block_type":"box","text":"The Manager provides investment management and other services to the Taxable Subsidiary. The Manager does not receive separate compensation from th","page_number":41,"box":{"x":30,"y":590,"width":884,"height":10}},{"id":"94a0d539-10d5-46a2-810a-6b19f7fe3f10","block_type":"box","text":"e Taxable","page_number":41,"box":{"x":916,"y":590,"width":53,"height":8}},{"id":"4436f988-0aa6-4631-9821-4500ca21d9a6","block_type":"box","text":"Subsidiary for providing investment management or administrative services. However, the Fund pays the Manager based on the Fund’s net assets, plus t","page_number":41,"box":{"x":30,"y":604,"width":834,"height":11}},{"id":"c3da55cc-915d-4b61-903c-9b942c417f1a","block_type":"box","text":"he proceeds of any","page_number":41,"box":{"x":865,"y":604,"width":104,"height":11}},{"id":"f4dc5297-6135-4b76-96bf-49cffdb4609e","block_type":"box","text":"debt securities or outstanding borrowings used for leverage, which includes the assets of the Taxable Subsidiary.","page_number":41,"box":{"x":30,"y":618,"width":616,"height":11}},{"id":"5385a989-6ff2-45a8-a691-415eb731c922","block_type":"box","text":"The Manager entered into sub-advisory agreements with BlackRock Capital Investment Advisors, LLC (“BCIA”), BlackRock International Limited (“BI","page_number":41,"box":{"x":30,"y":642,"width":834,"height":11}},{"id":"10c1ca75-a0c8-4d48-a2cc-50b824252978","block_type":"box","text":"L”) and BlackRock","page_number":41,"box":{"x":866,"y":642,"width":104,"height":11}},{"id":"e4facba0-e525-4ae8-b93a-33584b4262a6","block_type":"box","text":"(Singapore) Limited (“BSL”), each an affiliate of the Manager. The Manager pays BCIA, BIL and BSL for services they provide for that portion of the Fund","page_number":41,"box":{"x":30,"y":657,"width":829,"height":11}},{"id":"0210454b-7de5-4766-b610-ffbcd0c2ac3b","block_type":"box","text":"for which BCIA, BIL","page_number":41,"box":{"x":863,"y":657,"width":106,"height":10}},{"id":"ac6148cb-5aa0-4204-ad91-c15d5f56e1e1","block_type":"box","text":"and BSL, respectively, acts as sub-adviser a monthly fee that is equal to a percentage of the investment advisory fees paid by the Fund to the Manager.","page_number":41,"box":{"x":30,"y":671,"width":829,"height":11}},{"id":"eb5949b7-d543-4ed8-9379-b44ec1ae4793","block_type":"box","text":"Service and Distribution Fees:","page_number":41,"box":{"x":30,"y":695,"width":180,"height":9}},{"id":"6d11ba2d-a9cc-4a99-8a54-a459aef8a69c","block_type":"box","text":"The Fund has entered into a Distribution Agreement (the “Distribution Agreement”) with BlackRock Investments, LLC (the “Distributor”),","page_number":41,"box":{"x":215,"y":695,"width":754,"height":11}},{"id":"134b3979-fa1f-47fd-9723-834e2c0454c4","block_type":"box","text":"an affiliate of the Manager, to provide for distribution of the common shares. The Distribution Agreement provides that the Distributor will sell, an","page_number":41,"box":{"x":30,"y":710,"width":860,"height":10}},{"id":"2da7e23a-8328-441a-a7b1-97364bab3f39","block_type":"box","text":"d will appoint","page_number":41,"box":{"x":891,"y":710,"width":78,"height":10}},{"id":"fc33e4c7-a731-42b0-bbbc-020707152997","block_type":"box","text":"financial intermediaries to sell, common shares on behalf of the Fund on a reasonable efforts basis. The Fund has adopted a distribution and servicing","page_number":41,"box":{"x":30,"y":724,"width":818,"height":11}},{"id":"dd27a1e1-1aa6-48f9-bb8e-9f94d0db793c","block_type":"box","text":"plan (the “Distribution","page_number":41,"box":{"x":853,"y":724,"width":116,"height":11}},{"id":"fcd8f7f1-7ba3-41ac-9626-b72976667eeb","block_type":"box","text":"and Servicing Plan”) with respect to certain classes of the common shares and in doing so has voluntarily complied with Rule 12b-1 under the 1940 Act, as","page_number":41,"box":{"x":30,"y":738,"width":846,"height":11}},{"id":"b59c3f7f-d095-4f2c-928c-83414a6f5471","block_type":"box","text":"if the Fund were","page_number":41,"box":{"x":881,"y":738,"width":88,"height":8}},{"id":"39d2010e-2405-42fe-b11d-fbd05474ace8","block_type":"box","text":"an open-end investment company, and will be subject to an ongoing distribution fee and shareholder servicing fee (together, the “Distribution and Se","page_number":41,"box":{"x":30,"y":752,"width":801,"height":11}},{"id":"53e4d582-60cb-4ee0-9f1c-bd4963ee7dd5","block_type":"box","text":"rvicing Fee”) in respect of","page_number":41,"box":{"x":832,"y":752,"width":138,"height":11}},{"id":"920b6a4e-3fd9-41b6-a186-4362e72de23f","block_type":"box","text":"the classes of common shares paying such Distribution and Servicing Fee. The maximum annual rates at which the Distribution and Servicing Fees may be p","page_number":41,"box":{"x":30,"y":766,"width":886,"height":11}},{"id":"21fb0641-cab0-480f-b7da-a0da7101b361","block_type":"box","text":"aid under","page_number":41,"box":{"x":917,"y":766,"width":53,"height":9}},{"id":"5564b394-0a58-430b-af57-1d7d15672ffd","block_type":"box","text":"the Distribution and Servicing Plan (calculated as a percentage of the Fund’s average daily net assets attributable to the classes of common shares pa","page_number":41,"box":{"x":30,"y":780,"width":821,"height":11}},{"id":"4aae77f1-8cdb-44ce-ba7e-f33f889167a9","block_type":"box","text":"ying such Distribution","page_number":41,"box":{"x":852,"y":781,"width":117,"height":10}},{"id":"b44dd843-ccec-47b1-89ca-4653ba81c12f","block_type":"box","text":"and Servicing Fee) is 0.75% for Class A Shares, Class W Shares and Class U Shares and 0.50% for Class J Shares. 0.25% of such fee is a shareholder service fe","page_number":41,"box":{"x":30,"y":795,"width":907,"height":10}},{"id":"7d94b3a1-8400-4a2c-aba9-c2a3ac1c9eb1","block_type":"box","text":"e and","page_number":41,"box":{"x":938,"y":795,"width":31,"height":8}},{"id":"1a086b88-c965-48d1-8bea-ced119558a90","block_type":"box","text":"the remaining portion is a distribution fee. Institutional Shares are not subject to a distribution fee or shareholder servicing fee.","page_number":41,"box":{"x":30,"y":809,"width":687,"height":11}},{"id":"f0710efc-3fa8-459d-b5dd-f6092de4e2d6","block_type":"box","text":"For the six months ended June 30, 2026, the following table shows the class specific service and distribution fees borne directly by each share class of","page_number":41,"box":{"x":31,"y":833,"width":825,"height":11}},{"id":"dbfbd1a9-9c5d-44b1-9b28-216ef6d3bb70","block_type":"box","text":"the Fund:","page_number":41,"box":{"x":859,"y":833,"width":51,"height":9}},{"id":"cfcc7b8e-f6d2-4917-8275-dfec79c56843","block_type":"box","text":"Class A Class J Class U Class W Total","page_number":41,"box":{"x":643,"y":857,"width":306,"height":8}},{"id":"95c5925a-c8af-4ab6-9c12-597b825f28a2","block_type":"box","text":"Service and distribution fees — class specific","page_number":41,"box":{"x":50,"y":874,"width":220,"height":10}},{"id":"edb974c1-beba-4667-87c0-54d82c4b9030","block_type":"box","text":"...................................................................","page_number":41,"box":{"x":275,"y":881,"width":334,"height":1}},{"id":"50a3a229-f88d-4f70-bee6-5ac836a83227","block_type":"box","text":"$ 287,546 $ 1,164 $ 176,568 $ 718 $ 465,996","page_number":41,"box":{"x":630,"y":874,"width":318,"height":9}},{"id":"b05ee6c6-b1ab-4fb4-bd98-03d6fb7a08a5","block_type":"box","text":"Transfer Agent:","page_number":41,"box":{"x":30,"y":897,"width":90,"height":11}},{"id":"32120fb4-0d36-41a5-bfe3-28b9a6cc1b11","block_type":"box","text":"Pursuant to written agreements, certain financial intermediaries, some of which may be affiliates, provide the Fund with sub-accounting, recordke","page_number":41,"box":{"x":127,"y":897,"width":808,"height":11}},{"id":"c48b1832-22ed-444d-bc99-f87c6f7a8020","block_type":"box","text":"eping,","page_number":41,"box":{"x":936,"y":897,"width":33,"height":11}},{"id":"a3f697ba-599f-4a0f-83d5-15e84fba78ac","block_type":"box","text":"sub-transfer agency and other administrative services with respect to servicing of underlying investor accounts. For these services, these entiti","page_number":41,"box":{"x":30,"y":911,"width":774,"height":11}},{"id":"5ddfc604-d7c8-454c-97c3-dd48f00b2276","block_type":"box","text":"es receive an asset-based fee","page_number":41,"box":{"x":805,"y":911,"width":164,"height":9}},{"id":"6e8912f0-7c17-4124-8854-1063a3b61f09","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":41,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"a37b4bdb-22a4-41cf-8b15-d0a6cbf61a83","block_type":"box","text":"(unaudited) (continued)","page_number":41,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"52fa09d8-86be-471c-a0b9-1393dd4023b5","block_type":"box","text":"N","page_number":41,"box":{"x":31,"y":967,"width":6,"height":7}},{"id":"85cdb2bc-480a-49a7-b494-0a7392fecc5b","block_type":"box","text":"OTES TO","page_number":41,"box":{"x":42,"y":969,"width":57,"height":5}},{"id":"d63b7b89-afbc-4413-a9dc-517e33a63c8b","block_type":"box","text":"C","page_number":41,"box":{"x":111,"y":967,"width":7,"height":7}},{"id":"c375ae21-1837-45b0-92a8-e723460e2747","block_type":"box","text":"ONSOLIDATED","page_number":41,"box":{"x":123,"y":969,"width":93,"height":5}},{"id":"af5bde32-c4aa-4b4d-a015-95687581da63","block_type":"box","text":"F","page_number":41,"box":{"x":229,"y":967,"width":5,"height":7}},{"id":"84d4e5b7-ee17-4cbe-93e0-a0d9229bf5af","block_type":"box","text":"INANCIAL","page_number":41,"box":{"x":239,"y":969,"width":62,"height":5}},{"id":"70158a78-a98d-4e33-86ec-c58c65d92e54","block_type":"box","text":"S","page_number":41,"box":{"x":313,"y":967,"width":6,"height":7}},{"id":"f584dba8-c56b-4c20-b973-265251032fd0","block_type":"box","text":"TATEMENTS","page_number":41,"box":{"x":324,"y":969,"width":76,"height":5}},{"id":"120569a3-35fc-4ed9-a2a0-68399ca5f9d3","block_type":"box","text":"NM0826U-5876566-41/56","page_number":41,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"0403598b-7d0f-4ba9-9c60-ba8634fb2d4b","block_type":"box","text":"41","page_number":41,"box":{"x":954,"y":965,"width":12,"height":9}},{"id":"f96985dc-9964-4f79-b791-d3d20eb76802","block_type":"box","text":"or an annual fee per shareholder account, which will vary depending on share class and/or net assets. For the six months ended June 30, 2026, the Fund did","page_number":42,"box":{"x":30,"y":69,"width":870,"height":11}},{"id":"52edd1b1-5a7e-4115-ae6b-4518bf2efd92","block_type":"box","text":"not pay any","page_number":42,"box":{"x":905,"y":70,"width":64,"height":10}},{"id":"8f58aa50-8261-47ad-b084-a82fc664cfb1","block_type":"box","text":"amounts to affiliates in return for these services.","page_number":42,"box":{"x":30,"y":84,"width":262,"height":8}},{"id":"bcb40d5f-f39f-4b62-9f33-028a50cd0e28","block_type":"box","text":"For the six months ended June 30, 2026, the following table shows the class specific transfer agent fees borne directly by each share class of the Fund:","page_number":42,"box":{"x":31,"y":108,"width":829,"height":11}},{"id":"37029c70-671f-47ff-bb09-170b034dd877","block_type":"box","text":"Institutional Class A Class J Class U Class W Total","page_number":42,"box":{"x":564,"y":132,"width":385,"height":8}},{"id":"0959a50d-8084-4fd1-81a5-182aba4b9bd1","block_type":"box","text":"Transfer agent fees — class specific","page_number":42,"box":{"x":50,"y":149,"width":177,"height":10}},{"id":"60c1b58c-e3cf-4700-a8b2-0aa99727b95d","block_type":"box","text":"...............................................................","page_number":42,"box":{"x":229,"y":155,"width":313,"height":2}},{"id":"e79b8d6a-deeb-4392-825d-a321f05ec107","block_type":"box","text":"$ 212,324 $ 10,681 $ 33 $ 31,793 $ 14 $ 254,845","page_number":42,"box":{"x":564,"y":148,"width":384,"height":10}},{"id":"9b6dbf28-99a6-45e0-9768-bfaa9c8d61e4","block_type":"box","text":"Other Fees:","page_number":42,"box":{"x":30,"y":172,"width":67,"height":8}},{"id":"4ea925b9-d831-42e8-9918-23f0342e7842","block_type":"box","text":"For the six months ended June 30, 2026, affiliates earned underwriting discounts, direct commissions and dealer concessions on sales of the Fund’s Cl","page_number":42,"box":{"x":103,"y":172,"width":835,"height":10}},{"id":"eb05eac0-662c-4212-a774-78fdd9062f9b","block_type":"box","text":"ass A","page_number":42,"box":{"x":939,"y":172,"width":31,"height":8}},{"id":"5bf24975-8e7e-4c7a-8318-3e781ad78e15","block_type":"box","text":"Shares for a total of $2.","page_number":42,"box":{"x":30,"y":185,"width":128,"height":10}},{"id":"2fb0d5ff-7fd4-4046-bab7-d8d8799a47f2","block_type":"box","text":"For the six months ended June 30, 2026, affiliates received CDSCs of $8,754 for Class A Shares.","page_number":42,"box":{"x":31,"y":210,"width":531,"height":10}},{"id":"2c28cb26-4d3c-4cd9-9bca-cca6e5652539","block_type":"box","text":"Expense Limitations, Waivers, Reimbursements, and Recoupments:","page_number":42,"box":{"x":31,"y":235,"width":397,"height":11}},{"id":"e7b820e8-012e-4e6f-85c0-77cedb218128","block_type":"box","text":"The Manager contractually agreed to waive the Fund’s investment advisory fees through June 30,","page_number":42,"box":{"x":433,"y":235,"width":535,"height":11}},{"id":"da8a1c54-437f-49ca-882e-e5a3428aade2","block_type":"box","text":"2026. The contractual agreement expired on June 30, 2026 and was not renewed. This amount waived and/or reimbursed are included in fees waived and/or r","page_number":42,"box":{"x":30,"y":249,"width":865,"height":11}},{"id":"30345a14-0114-482d-b782-6886d199b1c8","block_type":"box","text":"eimbursed by","page_number":42,"box":{"x":895,"y":249,"width":74,"height":11}},{"id":"b91c6d0e-7b53-4f25-a2fa-21e18fcf50b1","block_type":"box","text":"the Manager in the Consolidated Statement of Operations. For the six months ended June 30, 2026, the amount waived was $2,860,562.","page_number":42,"box":{"x":30,"y":263,"width":750,"height":11}},{"id":"6281bf7a-1c02-4e8f-8ba3-d4367cc4cab1","block_type":"box","text":"With respect to the Fund, the Manager contractually agreed to waive its investment advisory fees by the amount of investment advisory fees the Fund pay","page_number":42,"box":{"x":30,"y":288,"width":846,"height":11}},{"id":"2c183385-d371-4f98-812a-3d8c8d67ce76","block_type":"box","text":"s to the Manager","page_number":42,"box":{"x":876,"y":288,"width":94,"height":11}},{"id":"c79a4b06-5b45-4e0b-8cfb-c407fe22a8e5","block_type":"box","text":"indirectly through its investment in affiliated money market funds (the “affiliated money market fund waiver”) through June 30, 2027. The contractu","page_number":42,"box":{"x":31,"y":302,"width":818,"height":11}},{"id":"a77a8a99-ef3b-4fca-a902-750ad678ad4a","block_type":"box","text":"al agreement may be","page_number":42,"box":{"x":850,"y":302,"width":119,"height":11}},{"id":"71efca05-2b6a-4354-992a-3be45ae7df6d","block_type":"box","text":"terminated upon 90 days’ notice by a majority of the Independent Trustees, or by a vote of a majority of the outstanding voting securities of the Fund. Th","page_number":42,"box":{"x":30,"y":316,"width":828,"height":11}},{"id":"86b0d7b5-7b26-43d3-9a28-751c23c1b50e","block_type":"box","text":"e amount of waivers","page_number":42,"box":{"x":859,"y":316,"width":110,"height":9}},{"id":"4813fc96-ec98-406c-a97f-ce41fced2854","block_type":"box","text":"and/or reimbursements of fees and expenses made pursuant to the expense limitation described below will be reduced by the amount of the affiliated mon","page_number":42,"box":{"x":30,"y":330,"width":855,"height":11}},{"id":"85ff7636-6221-4379-ace5-7bfab90f13db","block_type":"box","text":"ey market fund","page_number":42,"box":{"x":887,"y":330,"width":81,"height":11}},{"id":"b3b5bb75-bfdc-4d09-8a7f-ee90ab5a213c","block_type":"box","text":"waiver. For the six months ended June 30, 2026, there were no fees waived by the Manager pursuant to this arrangement.","page_number":42,"box":{"x":30,"y":344,"width":669,"height":11}},{"id":"cbc3f96b-91cc-4c63-a559-b7ee8acacec7","block_type":"box","text":"The Manager contractually agreed to waive its investment advisory fee with respect to any portion of the Fund’s assets invested in affiliated equity a","page_number":42,"box":{"x":30,"y":369,"width":810,"height":11}},{"id":"8211de5a-f348-4dcf-884a-47ebf9faf88e","block_type":"box","text":"nd fixed-income mutual","page_number":42,"box":{"x":842,"y":369,"width":127,"height":8}},{"id":"f8c21f2e-713d-45c2-88c3-1d6f2dd2ccb7","block_type":"box","text":"funds and affiliated exchange-traded funds that have a contractual management fee through June 30, 2027. The agreement can be renewed for annual peri","page_number":42,"box":{"x":30,"y":383,"width":836,"height":11}},{"id":"e98e42bf-d155-4f95-898f-886d24eced7e","block_type":"box","text":"ods thereafter, and","page_number":42,"box":{"x":868,"y":383,"width":100,"height":10}},{"id":"edf21b33-220d-44dc-9224-f78c203dfe64","block_type":"box","text":"may be terminated on 90 days’ notice, each subject to approval by a majority of the Fund’s Independent Trustees. This amount is included in fees waived a","page_number":42,"box":{"x":31,"y":397,"width":844,"height":11}},{"id":"cff9b4bc-4182-4854-b586-ddfb200ece4f","block_type":"box","text":"nd/or reimbursed","page_number":42,"box":{"x":877,"y":397,"width":91,"height":9}},{"id":"62217e80-6b5b-45ce-a11d-f79a066529b3","block_type":"box","text":"by the Manager in the Consolidated Statement of Operations. For the six months ended June 30, 2026, there were no fees waived by the Manager pursuant to t","page_number":42,"box":{"x":31,"y":411,"width":922,"height":11}},{"id":"1b9ef295-51ac-4b25-8180-2acb54543a57","block_type":"box","text":"his","page_number":42,"box":{"x":954,"y":412,"width":15,"height":8}},{"id":"fab65650-ac3f-4439-9988-60c9bf14b4cc","block_type":"box","text":"arrangement.","page_number":42,"box":{"x":30,"y":426,"width":72,"height":10}},{"id":"6372b441-e436-41bc-9862-aa85d467513c","block_type":"box","text":"The Manager contractually agreed to waive and/or reimburse certain operating and other expenses of the Fund in order to limit certain expenses to 0.50","page_number":42,"box":{"x":30,"y":450,"width":850,"height":11}},{"id":"bcc810db-8e78-4ecf-ad30-a28aeec856c9","block_type":"box","text":"% of the Fund’s","page_number":42,"box":{"x":882,"y":450,"width":87,"height":9}},{"id":"c9ae4f43-9d97-4adf-9788-3eeacaf34927","block_type":"box","text":"average daily value of the net assets of each share class (“expense limitation”). Expenses excluded from the expense limitation are limited to the inv","page_number":42,"box":{"x":30,"y":464,"width":820,"height":11}},{"id":"c667762f-792c-4ce6-b4ec-1c7ed0ffd593","block_type":"box","text":"estment advisory fee,","page_number":42,"box":{"x":851,"y":464,"width":117,"height":11}},{"id":"e8df3e2d-5488-4857-a90c-30234801d3b7","block_type":"box","text":"service and distribution fees, interest expense, portfolio transaction and other investment-related costs (including acquired fund fees and expe","page_number":42,"box":{"x":30,"y":478,"width":791,"height":11}},{"id":"dde762a0-3457-4bf9-b03a-ea9368dd7f23","block_type":"box","text":"nses, commitment fees on","page_number":42,"box":{"x":823,"y":478,"width":146,"height":11}},{"id":"faf01433-14c5-4d46-a650-28696261b385","block_type":"box","text":"leverage, prime broker fees and dividend expense) and certain other fund expenses, which constitute extraordinary expenses not incurred in the ordi","page_number":42,"box":{"x":31,"y":493,"width":800,"height":10}},{"id":"0e74cddb-7f46-405d-bb31-404e126229e1","block_type":"box","text":"nary course of the Fund’s","page_number":42,"box":{"x":833,"y":493,"width":136,"height":10}},{"id":"32d30f57-8922-449d-b7ec-7500c92d0603","block_type":"box","text":"business. The Manager has agreed not to reduce or discontinue the contractual expense limitations through June 30, 2027. For the six months ended June","page_number":42,"box":{"x":31,"y":507,"width":850,"height":11}},{"id":"c5d64e42-64f8-4af8-aeba-2c0bf2ae9aff","block_type":"box","text":"30, 2026, there","page_number":42,"box":{"x":886,"y":507,"width":83,"height":10}},{"id":"5dbbb9b7-afdb-40fc-8b0d-abf7d2a22dae","block_type":"box","text":"were no fees waived and/or reimbursed by the Manager pursuant to this arrangement.","page_number":42,"box":{"x":30,"y":521,"width":471,"height":11}},{"id":"4ec8e603-856b-4dff-87c7-f82d04ae377d","block_type":"box","text":"In addition, these amounts waived and/or reimbursed by the Manager are included in transfer agent fees waived and/or reimbursed by the Manager – class","page_number":42,"box":{"x":31,"y":545,"width":858,"height":11}},{"id":"d3bbd666-990f-45f7-ac32-bea7810dd0a2","block_type":"box","text":"specific in the","page_number":42,"box":{"x":894,"y":545,"width":75,"height":11}},{"id":"c23daebe-0544-4522-af6d-7a2e780287b6","block_type":"box","text":"Consolidated Statement of Operations. For the six months ended June 30, 2026, class specific expense waivers and/or reimbursements were as follows:","page_number":42,"box":{"x":30,"y":560,"width":836,"height":10}},{"id":"25c6f06a-346e-4ece-8233-5a0a61c84fc0","block_type":"box","text":"Institutional Class J Class U Total","page_number":42,"box":{"x":712,"y":583,"width":237,"height":8}},{"id":"69c3e092-94ec-4f50-9406-d6afb0654c04","block_type":"box","text":"Transfer agent fees waived and/or reimbursed by the Manager — class specific","page_number":42,"box":{"x":50,"y":601,"width":386,"height":9}},{"id":"87db21fd-98b6-4616-85ba-8897a28603ba","block_type":"box","text":"..................................................","page_number":42,"box":{"x":442,"y":607,"width":248,"height":1}},{"id":"0488b494-35a0-42f0-bc3b-49d47a1f79be","block_type":"box","text":"$ 3,859 $ 2 $ 631 $ 4,492","page_number":42,"box":{"x":711,"y":600,"width":237,"height":10}},{"id":"9d762413-1ffa-455f-ad9c-0357fbdd05e8","block_type":"box","text":"With respect to the contractual expense limitation, if during the Fund’s fiscal year the operating expenses of a share class, that at any time during th","page_number":42,"box":{"x":30,"y":623,"width":814,"height":11}},{"id":"b1393719-03ed-46ce-9fa8-511e4c9e54e6","block_type":"box","text":"e prior two fiscal years","page_number":42,"box":{"x":845,"y":623,"width":124,"height":11}},{"id":"c3257897-5d62-488a-adac-9816e799b617","block_type":"box","text":"received a waiver and/or reimbursement from the Manager, are less than the current expense limitation for that share class, the Manager is entitled to","page_number":42,"box":{"x":31,"y":637,"width":810,"height":11}},{"id":"b6474ced-2cdf-427b-84fe-0bc7b35f56be","block_type":"box","text":"be reimbursed by such","page_number":42,"box":{"x":846,"y":637,"width":123,"height":11}},{"id":"7c8528b2-2664-4b98-bba4-0c0fc92a9dba","block_type":"box","text":"share class up to the lesser of: (a) the amount of fees waived and/or expenses reimbursed during those prior two fiscal years under the agreement and (b)","page_number":42,"box":{"x":30,"y":652,"width":842,"height":10}},{"id":"d1ccc0ea-e133-4140-97f1-ebd65c67e7f6","block_type":"box","text":"an amount not to","page_number":42,"box":{"x":877,"y":652,"width":92,"height":8}},{"id":"776c0204-17a6-4d37-a929-b65b815be42a","block_type":"box","text":"exceed either the current expense limitation of that share class or the expense limitation of the share class in effect at the time that the share class r","page_number":42,"box":{"x":30,"y":666,"width":816,"height":10}},{"id":"b9f07c30-fd83-43db-9265-c938166307f5","block_type":"box","text":"eceived the applicable","page_number":42,"box":{"x":847,"y":666,"width":122,"height":10}},{"id":"5f11275c-db20-4502-a96f-2f216939d044","block_type":"box","text":"waiver and/or reimbursement, provided that:","page_number":42,"box":{"x":30,"y":680,"width":241,"height":11}},{"id":"94272fbe-fb09-42c8-918d-da90b5aa5485","block_type":"box","text":"(1) the Fund, of which the share class is a part, has more than $50 million in assets for the fiscal year, and","page_number":42,"box":{"x":70,"y":705,"width":579,"height":12}},{"id":"c9ab7640-2d8d-4388-96ca-0e8afcb9b09e","block_type":"box","text":"(2) the Manager or an affiliate continues to serve as the Fund’s investment adviser or administrator.","page_number":42,"box":{"x":70,"y":731,"width":542,"height":11}},{"id":"bc8db0a4-15ce-4f83-bd74-5670cf632b30","block_type":"box","text":"This repayment applies only to the contractual expense limitation on net expenses and does not apply to the contractual investment advisory fee waive","page_number":42,"box":{"x":30,"y":756,"width":806,"height":11}},{"id":"114910af-f22c-4141-80e9-378e32a30b78","block_type":"box","text":"r described above or any","page_number":42,"box":{"x":837,"y":756,"width":132,"height":11}},{"id":"d925f9ac-7b32-4f89-812e-2dd9417c24b9","block_type":"box","text":"voluntary waivers that may be in effect from time to time. Effective February 28, 2026, the repayment arrangement between the Fund and the Manager purs","page_number":42,"box":{"x":30,"y":770,"width":838,"height":11}},{"id":"a942fa75-486a-45f8-bd62-cc82f5e8ba49","block_type":"box","text":"uant to which such","page_number":42,"box":{"x":869,"y":770,"width":99,"height":9}},{"id":"cdbd7181-6837-44ef-b35a-f9f5607c89c2","block_type":"box","text":"Fund may be required to repay amounts waived and/or reimbursed under the Fund’s contractual caps on net expenses was terminated.","page_number":42,"box":{"x":31,"y":784,"width":740,"height":11}},{"id":"b8c70c88-afcf-4edd-ae15-b185cecc4262","block_type":"box","text":"For the six months ended June 30, 2026, the Manager recouped the following fund level and class specific waivers and/or reimbursements previously rec","page_number":42,"box":{"x":31,"y":809,"width":835,"height":11}},{"id":"f521e975-cc08-4985-98ae-2bfb14bb4e9b","block_type":"box","text":"orded by the Fund:","page_number":42,"box":{"x":866,"y":809,"width":102,"height":11}},{"id":"76ef3b09-98d5-4de4-941f-e3c331f1f54c","block_type":"box","text":"Fund Name","page_number":42,"box":{"x":50,"y":833,"width":57,"height":7}},{"id":"e73f2b20-1a07-4f02-a0d4-ac87d110953f","block_type":"box","text":"Fund Level Institutional Class A Class J Class U","page_number":42,"box":{"x":656,"y":833,"width":283,"height":7}},{"id":"34caf03d-981c-474e-b740-a44383355993","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":42,"box":{"x":51,"y":850,"width":189,"height":9}},{"id":"8a4392f7-a885-4b28-958a-7d7a195b9c8e","block_type":"box","text":"..............................................................................","page_number":42,"box":{"x":246,"y":856,"width":389,"height":1}},{"id":"fe220f4d-9033-485f-a203-38f5cd42bf2b","block_type":"box","text":"$ 20,459 $ 25,903 $ 58 $ 15 $ 4,031","page_number":42,"box":{"x":656,"y":849,"width":280,"height":10}},{"id":"033262a2-c118-4c77-b4c1-a13dd598a5d1","block_type":"box","text":"Trustees and Officers:","page_number":42,"box":{"x":30,"y":872,"width":128,"height":9}},{"id":"c517ad38-4949-4cf2-b226-6040522005eb","block_type":"box","text":"Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates. The Fund reimburses the Manager for a port","page_number":42,"box":{"x":164,"y":872,"width":789,"height":11}},{"id":"a11e7b70-8c44-4a0d-b0be-a712c67ee498","block_type":"box","text":"ion","page_number":42,"box":{"x":954,"y":872,"width":15,"height":9}},{"id":"57af16f8-8327-4f8c-bf1d-d85a7891ff19","block_type":"box","text":"of the compensation paid to the Trust’s Chief Compliance Officer, which is included in Trustees and Officer in the Consolidated Statement of Operatio","page_number":42,"box":{"x":30,"y":886,"width":819,"height":11}},{"id":"5528a584-ff48-41f2-8e86-23a03aadfac5","block_type":"box","text":"ns.","page_number":42,"box":{"x":850,"y":889,"width":15,"height":6}},{"id":"36d342dd-310b-4a9e-8873-ff43281b5297","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":42,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"883ad8a6-e54a-4159-8e4e-098a9412e63d","block_type":"box","text":"(unaudited) (continued)","page_number":42,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"7527ba8a-0e4b-4d78-8f93-3937a09dad79","block_type":"box","text":"42","page_number":42,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"2e3e67e3-631e-4748-bfa4-bfd38b93ad7c","block_type":"box","text":"2026","page_number":42,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"4456dcf9-02a1-405e-9644-192a079422aa","block_type":"box","text":"B","page_number":42,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"9b353cd8-6ed0-42fa-98b0-c100bf59bcb7","block_type":"box","text":"LACK","page_number":42,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"3a3580e6-8a4b-40db-b183-5a5c46dc7295","block_type":"box","text":"R","page_number":42,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"0b3e7cf5-0470-4fd6-99ac-0516e53842f7","block_type":"box","text":"OCK","page_number":42,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"e8ace5d6-a9c3-44ec-a8b8-fc4a340a841a","block_type":"box","text":"S","page_number":42,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"2369048a-d3c5-4050-bc39-60daaf873c7d","block_type":"box","text":"EMI","page_number":42,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"f3f883f5-e75e-4e84-824c-650fdee6e744","block_type":"box","text":"-A","page_number":42,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"ad43c6c7-fae8-47c4-bd57-63950459f07b","block_type":"box","text":"NNUAL","page_number":42,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"e7c79dcb-de05-4adc-a2c8-fe9aafd64230","block_type":"box","text":"NM0826U-5876566-42/56 R EPORT TO S HARE","page_number":42,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"5db1f8dd-22bc-4b1f-b545-ea537563be11","block_type":"box","text":"NM\r\nR","page_number":42,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"0ad6b535-7336-4e7c-9691-652e05c271c5","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":42,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"d775336e-d0fb-4ff7-b8c7-d6e604204a5f","block_type":"box","text":"66\r\nS","page_number":42,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"9448a75d-e93a-4c65-96e1-25c206da7af3","block_type":"box","text":"-42/56 \r\nHAREHOLDERS","page_number":42,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"3320b2c3-c8fc-4c88-9763-0383f5bbe896","block_type":"box","text":"7. PURCHASES AND SALES","page_number":43,"box":{"x":31,"y":69,"width":220,"height":11}},{"id":"fac897cb-88b4-4666-b401-42ac13613e16","block_type":"box","text":"For the six months ended June 30, 2026, purchases and sales of investments, including paydowns/payups, and excluding short-term securities, were $1","page_number":43,"box":{"x":31,"y":100,"width":849,"height":12}},{"id":"afb1f483-a61e-4b6d-a730-9e11e4e451d6","block_type":"box","text":"71,336,928 and","page_number":43,"box":{"x":883,"y":101,"width":85,"height":10}},{"id":"e6be6dd5-55a5-4339-837f-0406c509b8b7","block_type":"box","text":"$184,598,244, respectively.","page_number":43,"box":{"x":30,"y":115,"width":149,"height":11}},{"id":"8b48c48a-81df-4a26-b570-d43af13942ea","block_type":"box","text":"8. INCOME TAX INFORMATION","page_number":43,"box":{"x":31,"y":145,"width":239,"height":11}},{"id":"cb71ff3a-c841-444c-8090-ca5e70cffb0b","block_type":"box","text":"It is the Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies","page_number":43,"box":{"x":31,"y":176,"width":842,"height":11}},{"id":"52050ee0-0693-45ed-a5bb-cf43e6970b08","block_type":"box","text":", and to distribute","page_number":43,"box":{"x":875,"y":177,"width":94,"height":10}},{"id":"16c523da-a22a-4e12-bd65-ad5a16f5c59c","block_type":"box","text":"substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required, except with respect to any t","page_number":43,"box":{"x":30,"y":191,"width":791,"height":11}},{"id":"373637e4-1e70-4f55-9535-9ac95becfe98","block_type":"box","text":"axes related to the Taxable","page_number":43,"box":{"x":822,"y":191,"width":147,"height":8}},{"id":"e46064a2-5733-471c-b442-d375eaf5dbac","block_type":"box","text":"Subsidiary.","page_number":43,"box":{"x":30,"y":205,"width":59,"height":11}},{"id":"98faea0a-2888-4f4c-9b5a-efd8a71fdcb6","block_type":"box","text":"The Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations","page_number":43,"box":{"x":30,"y":229,"width":794,"height":11}},{"id":"c7bdbb7c-4c4a-4c94-b8c1-0ede9784604c","block_type":"box","text":"on the Fund’s U.S. federal","page_number":43,"box":{"x":828,"y":229,"width":141,"height":9}},{"id":"ab642d8d-c3a6-4c73-94e5-9540727d0a22","block_type":"box","text":"tax returns generally remains open for a period of three years after they are filed. The statutes of limitations on the Fund’s state and local tax return","page_number":43,"box":{"x":30,"y":243,"width":799,"height":11}},{"id":"d37408d3-f248-49e8-9159-c469ecea7101","block_type":"box","text":"s may remain open for an","page_number":43,"box":{"x":830,"y":243,"width":139,"height":11}},{"id":"836cbb6a-2c75-4e14-a26e-e81835b1783a","block_type":"box","text":"additional year depending upon the jurisdiction.","page_number":43,"box":{"x":30,"y":258,"width":258,"height":11}},{"id":"771ffd12-47bb-4e10-848e-4b742e09db12","block_type":"box","text":"Management has analyzed tax laws and regulations and their application to the Fund as of June 30, 2026, inclusive of the open tax return years, and does n","page_number":43,"box":{"x":31,"y":282,"width":831,"height":11}},{"id":"e8e3e302-6313-45d2-b915-0a6975ddbc71","block_type":"box","text":"ot believe that there","page_number":43,"box":{"x":863,"y":282,"width":106,"height":9}},{"id":"60a95cb4-ff38-4044-abb1-c5467582dc5a","block_type":"box","text":"are any uncertain tax positions that require recognition of a tax liability in the Fund’s consolidated financial statements. Management’s analysis","page_number":43,"box":{"x":30,"y":296,"width":779,"height":11}},{"id":"207663d3-6c4a-4b57-ac4f-52cf5f395e47","block_type":"box","text":"is based on the tax laws and","page_number":43,"box":{"x":814,"y":296,"width":154,"height":9}},{"id":"b48d5212-79bd-44d5-a94a-d301b037cecf","block_type":"box","text":"judicial and administrative interpretations thereof in effect as of the date of these financial statements, all of which are subject to change, possi","page_number":43,"box":{"x":29,"y":311,"width":767,"height":10}},{"id":"df4c9dbb-2a87-4ad6-98b8-a9d525384bf2","block_type":"box","text":"bly with retroactive effect, which","page_number":43,"box":{"x":797,"y":311,"width":172,"height":10}},{"id":"4e1acad6-6a5b-4a75-8614-262bc68a2644","block_type":"box","text":"may impact the Fund’s NAV.","page_number":43,"box":{"x":31,"y":325,"width":153,"height":11}},{"id":"f534de05-a5a9-4167-ac48-f777f19d3ce7","block_type":"box","text":"As of December 31, 2025, the Fund had non-expiring capital loss carryforwards and qualified late-year losses as follows:","page_number":43,"box":{"x":30,"y":349,"width":659,"height":11}},{"id":"37fa6367-f978-401e-8d21-b8eb0df244fa","block_type":"box","text":"Fund Name","page_number":43,"box":{"x":50,"y":399,"width":57,"height":7}},{"id":"d775d168-1f8d-4e14-b1e3-839c5f47f3c9","block_type":"box","text":"Non-Expiring","page_number":43,"box":{"x":752,"y":373,"width":63,"height":10}},{"id":"c8b376cb-677f-45a1-90d2-61f1d13c94ab","block_type":"box","text":"Capital Loss","page_number":43,"box":{"x":755,"y":386,"width":60,"height":9}},{"id":"20a5eaf9-17d7-4705-bb0c-18ceaf69a891","block_type":"box","text":"Carryforwards","page_number":43,"box":{"x":737,"y":399,"width":68,"height":9}},{"id":"34782b0d-5733-4bdb-a48b-a73cd0f62d59","block_type":"box","text":"(a)","page_number":43,"box":{"x":805,"y":397,"width":9,"height":6}},{"id":"3ab6a214-a2d5-42d6-8133-a561f3270500","block_type":"box","text":"Qualified","page_number":43,"box":{"x":893,"y":373,"width":43,"height":8}},{"id":"08209fd6-8db8-4c0c-a883-619e72251f0f","block_type":"box","text":"Late-Year","page_number":43,"box":{"x":888,"y":386,"width":48,"height":8}},{"id":"79b3bfe2-e8ac-48c3-8672-14445cd93b11","block_type":"box","text":"Ordinary Losses","page_number":43,"box":{"x":846,"y":399,"width":79,"height":9}},{"id":"10961901-278d-48ba-a308-fad09cb7e1e9","block_type":"box","text":"(b)","page_number":43,"box":{"x":926,"y":397,"width":9,"height":6}},{"id":"fa28778a-b44b-4cbc-a68d-5741015229c3","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":43,"box":{"x":51,"y":416,"width":189,"height":10}},{"id":"dfbab1bb-5d9a-4041-8b20-a2fb6f43c0ff","block_type":"box","text":"..............................................................................................","page_number":43,"box":{"x":245,"y":422,"width":470,"height":1}},{"id":"e87d57ec-457b-4dd5-8337-852d90b28057","block_type":"box","text":"$ (83,396,056) $ (270,500)","page_number":43,"box":{"x":740,"y":415,"width":198,"height":11}},{"id":"63c55491-6816-4e3d-be59-0b2ff61e00a7","block_type":"box","text":"(a)","page_number":43,"box":{"x":50,"y":440,"width":9,"height":6}},{"id":"0624bc63-ee21-4877-a774-f2293015f41f","block_type":"box","text":"Amounts available to offset future realized capital gains.","page_number":43,"box":{"x":67,"y":441,"width":271,"height":10}},{"id":"8bc3e549-bdcd-46a2-82fa-f61c0ef625c4","block_type":"box","text":"(b)","page_number":43,"box":{"x":50,"y":453,"width":9,"height":6}},{"id":"4c810eda-572e-4c12-8628-04cd8cf4b63b","block_type":"box","text":"The Fund has elected to defer these qualified late-year losses and recognize such losses in the next taxable year.","page_number":43,"box":{"x":67,"y":454,"width":553,"height":10}},{"id":"f2606e35-31a8-4df9-a4c5-2de8e24469b5","block_type":"box","text":"As of June 30, 2026, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any)","page_number":43,"box":{"x":30,"y":472,"width":792,"height":11}},{"id":"ea3ea551-8e5c-40ed-81a6-96c68324770a","block_type":"box","text":"for U.S. federal income tax","page_number":43,"box":{"x":825,"y":472,"width":144,"height":9}},{"id":"48a06b53-438e-4b5d-8ca0-8818739a221c","block_type":"box","text":"purposes were as follows:","page_number":43,"box":{"x":31,"y":486,"width":140,"height":11}},{"id":"8d0ec544-a7a7-467e-956d-f233b868af6e","block_type":"box","text":"Fund Name","page_number":43,"box":{"x":50,"y":538,"width":57,"height":7}},{"id":"dc8fbc06-9cd2-4efe-b67d-fe2dbd4e787b","block_type":"box","text":"Tax Cost","page_number":43,"box":{"x":574,"y":537,"width":41,"height":8}},{"id":"117aaf58-50aa-4293-94c9-d444ec474cbb","block_type":"box","text":"Gross Unrealized","page_number":43,"box":{"x":646,"y":524,"width":85,"height":8}},{"id":"8641136e-cf71-440a-9ab4-0c20520557f0","block_type":"box","text":"Appreciation","page_number":43,"box":{"x":669,"y":538,"width":61,"height":9}},{"id":"338a8bc0-5cad-42dd-a093-abec7d11a6da","block_type":"box","text":"Gross Unrealized","page_number":43,"box":{"x":762,"y":524,"width":84,"height":8}},{"id":"f8205e75-9dae-4c50-bf12-fdcb4ca56090","block_type":"box","text":"Depreciation","page_number":43,"box":{"x":784,"y":538,"width":61,"height":9}},{"id":"bd700838-e244-4e8e-ac85-46e36914b726","block_type":"box","text":"Net Unrealized","page_number":43,"box":{"x":876,"y":512,"width":73,"height":7}},{"id":"0e910830-5266-4250-8390-9011cecb1e1a","block_type":"box","text":"Appreciation","page_number":43,"box":{"x":887,"y":525,"width":61,"height":9}},{"id":"02971a60-c649-4b28-8cca-9fb1059d3033","block_type":"box","text":"(Depreciation)","page_number":43,"box":{"x":880,"y":537,"width":68,"height":10}},{"id":"89c9ad74-6b14-467d-80ec-a0a9535a1f7b","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":43,"box":{"x":51,"y":554,"width":189,"height":10}},{"id":"b7303d59-6b7a-46b4-973b-f3687e063dea","block_type":"box","text":"........................................................","page_number":43,"box":{"x":245,"y":561,"width":279,"height":1}},{"id":"8a29259c-3f31-485b-bf68-d371c099735f","block_type":"box","text":"$ 599,010,000 $ 3,400,432 $ (34,418,460) $ (31,018,028)","page_number":43,"box":{"x":545,"y":554,"width":407,"height":10}},{"id":"d491b7f1-0b27-4ab2-9e1e-035701a7ce7a","block_type":"box","text":"9. BANK BORROWINGS","page_number":43,"box":{"x":31,"y":586,"width":189,"height":11}},{"id":"c96473be-5fe7-43ba-b54b-561f67fa6c14","block_type":"box","text":"The Fund has entered into a credit agreement with Société Générale (the “Lender”) that established a revolving credit facility with a commitment of $2","page_number":43,"box":{"x":30,"y":617,"width":805,"height":12}},{"id":"5095a70d-e1da-40f1-b3d8-bfd21e574163","block_type":"box","text":"00 million (the “Facility”).","page_number":43,"box":{"x":837,"y":618,"width":131,"height":11}},{"id":"9a27a354-4644-483e-a43e-195cccc016d3","block_type":"box","text":"The Facility may be increased to a maximum of $450 million. The Facility has the following terms: an unused commitment fee of 0.25% per annum when amount","page_number":43,"box":{"x":30,"y":632,"width":878,"height":11}},{"id":"f9b185cc-bee6-4fac-b18d-09c862b41074","block_type":"box","text":"s borrowed","page_number":43,"box":{"x":908,"y":632,"width":60,"height":9}},{"id":"7bd7cd47-54c6-424e-b8c0-2b364bc1adac","block_type":"box","text":"is greater than $100 million or 0.30% per annum when amounts borrowed is less than $100 million and interest at a rate equal to Daily Simple SOFR on the dat","page_number":43,"box":{"x":31,"y":646,"width":871,"height":11}},{"id":"2997beaf-ec2d-4a10-898c-2734e4bdf73a","block_type":"box","text":"e the loan is","page_number":43,"box":{"x":903,"y":646,"width":66,"height":9}},{"id":"eec05906-c4d4-4ed3-92f6-60e6e9dc2014","block_type":"box","text":"made plus 1.75% per annum on amounts borrowed. The agreement expires on September 30, 2026 unless extended or renewed. The Fund’s borrowings, if any, a","page_number":43,"box":{"x":31,"y":661,"width":880,"height":10}},{"id":"08545532-cce0-4b3c-9858-22a4695d4690","block_type":"box","text":"re secured","page_number":43,"box":{"x":912,"y":661,"width":57,"height":8}},{"id":"09471cf3-9e0c-45eb-b25d-3b35baa97cfd","block_type":"box","text":"by eligible securities held in its portfolio of investments.","page_number":43,"box":{"x":31,"y":675,"width":299,"height":11}},{"id":"6e96759b-9b81-4c0f-b26b-070fefeb7ec2","block_type":"box","text":"During the period, the Fund paid the commitment fee based on the daily unused portion of the Facility and an extension fee. The fees associated with the a","page_number":43,"box":{"x":31,"y":699,"width":863,"height":11}},{"id":"a8b9ab14-dba8-4ffa-8ace-8c36d9217b9d","block_type":"box","text":"greement are","page_number":43,"box":{"x":895,"y":700,"width":74,"height":10}},{"id":"edfff20e-6c1e-4461-89b9-6d757942f1a7","block_type":"box","text":"included in the Consolidated Statement of Operations as interest expense and fees, if any. Advances to the Fund as of period end, if any, are shown in the","page_number":43,"box":{"x":31,"y":713,"width":861,"height":11}},{"id":"b7589056-0883-4557-be73-2c47af745564","block_type":"box","text":"Consolidated","page_number":43,"box":{"x":898,"y":713,"width":70,"height":9}},{"id":"2df9b814-d4f5-4b34-a495-b5fb999aa68e","block_type":"box","text":"Statement of Assets and Liabilities as bank borrowings. Based on the short-term nature of the borrowings under the line of credit and the variable inte","page_number":43,"box":{"x":30,"y":728,"width":821,"height":10}},{"id":"5deb61e0-1679-429f-914c-b482edc94c8f","block_type":"box","text":"rest rate, the carrying","page_number":43,"box":{"x":853,"y":728,"width":116,"height":10}},{"id":"0be63bf6-4e86-4f5a-a467-4bd91e0c3034","block_type":"box","text":"amount of the borrowings approximates fair value. For the six months ended June 30, 2026, the maximum amount borrowed, the average daily borrowing and","page_number":43,"box":{"x":30,"y":742,"width":864,"height":11}},{"id":"1c3566fe-7000-41cd-82dd-4338a2d12851","block_type":"box","text":"the weighted","page_number":43,"box":{"x":899,"y":742,"width":69,"height":11}},{"id":"6512d4c0-1e6d-4994-b323-0f093301e68b","block_type":"box","text":"average interest rate, if any, under the credit agreement were as follows:","page_number":43,"box":{"x":30,"y":756,"width":395,"height":11}},{"id":"e9c00809-3d0a-455a-b9d3-e1be928f0802","block_type":"box","text":"Fund Name","page_number":43,"box":{"x":50,"y":793,"width":57,"height":7}},{"id":"482125d9-0ff2-47e8-8391-0160736a0b5c","block_type":"box","text":"Maximum","page_number":43,"box":{"x":656,"y":780,"width":47,"height":7}},{"id":"eb66e895-1c22-48a9-9bef-98f5128c8be1","block_type":"box","text":"Amount Borrowed","page_number":43,"box":{"x":615,"y":793,"width":89,"height":7}},{"id":"18848e4b-4b4c-4fa1-979c-ee563a9b65c0","block_type":"box","text":"Average Amount","page_number":43,"box":{"x":727,"y":780,"width":82,"height":9}},{"id":"28a7455f-1758-423c-8a51-e706831427c4","block_type":"box","text":"Outstanding","page_number":43,"box":{"x":750,"y":793,"width":58,"height":9}},{"id":"70f0b736-8da6-4698-9cdd-a7899258ad49","block_type":"box","text":"Daily Weighted Average","page_number":43,"box":{"x":832,"y":780,"width":116,"height":9}},{"id":"82e8f5e7-25b0-433b-881d-6a1f0811102f","block_type":"box","text":"Interest Rate","page_number":43,"box":{"x":886,"y":793,"width":62,"height":7}},{"id":"2340c4b0-52ca-45db-90fa-07b5357f6b24","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":43,"box":{"x":51,"y":810,"width":189,"height":9}},{"id":"7a1bc7f0-9b37-49a6-b2bd-753d5f3a4db4","block_type":"box","text":"......................................................................","page_number":43,"box":{"x":246,"y":816,"width":349,"height":1}},{"id":"b0fc4a74-7991-4a5a-ab46-22a94b7063a8","block_type":"box","text":"$ 59,000,000 $ 40,088,398 5.46%","page_number":43,"box":{"x":616,"y":809,"width":342,"height":10}},{"id":"fdd034a4-e357-4f33-84e2-fff934d76fac","block_type":"box","text":"10. PRINCIPAL RISKS","page_number":43,"box":{"x":32,"y":837,"width":161,"height":11}},{"id":"50a96d14-8665-46f6-9f7c-df964af76905","block_type":"box","text":"In the normal course of business, the Fund investsin securities or other instruments and may enter into certain transactions, and such activities sub","page_number":43,"box":{"x":31,"y":869,"width":808,"height":11}},{"id":"96f3c563-c950-437e-a660-0e21df6b7e44","block_type":"box","text":"ject the Fund to various","page_number":43,"box":{"x":839,"y":869,"width":130,"height":11}},{"id":"61e1a1aa-9b5a-49de-9338-53f397e54274","block_type":"box","text":"risks, including among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities","page_number":43,"box":{"x":31,"y":883,"width":772,"height":11}},{"id":"656ee273-5b3d-4fc3-af89-13d0b9284cfb","block_type":"box","text":"or other instruments may also","page_number":43,"box":{"x":808,"y":883,"width":161,"height":11}},{"id":"b83fd102-3327-4edd-abc3-eabe253c47a5","block_type":"box","text":"be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global p","page_number":43,"box":{"x":31,"y":897,"width":772,"height":11}},{"id":"b9235ee4-9b83-46df-86dd-7dfbe2dcbf45","block_type":"box","text":"olitical and/or social instability;","page_number":43,"box":{"x":804,"y":897,"width":164,"height":11}},{"id":"e4b982ec-07a0-45f4-8a47-791a9806aa31","block_type":"box","text":"(iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuation","page_number":43,"box":{"x":30,"y":912,"width":712,"height":10}},{"id":"f735b12f-19a0-4a2f-bfb7-d78afd6242a1","block_type":"box","text":"s. Local, regional or global events such as","page_number":43,"box":{"x":743,"y":912,"width":226,"height":10}},{"id":"30af5d1c-48b0-4163-bd1d-a5f65a162454","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":43,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"60a3a1a5-de9f-45f0-a80d-1f8149a31be9","block_type":"box","text":"(unaudited) (continued)","page_number":43,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"7b9548cc-ca0c-4fb9-becb-05c0c8eeaf8f","block_type":"box","text":"N","page_number":43,"box":{"x":31,"y":967,"width":6,"height":7}},{"id":"183d3daa-2b20-48d3-b2c0-ece75a633ce7","block_type":"box","text":"OTES TO","page_number":43,"box":{"x":42,"y":969,"width":57,"height":5}},{"id":"95b3f091-b2a8-4ea8-bcf7-c20f9ea6eeca","block_type":"box","text":"C","page_number":43,"box":{"x":111,"y":967,"width":7,"height":7}},{"id":"e2310134-3b94-4250-ad5b-29f1d31937c3","block_type":"box","text":"ONSOLIDATED","page_number":43,"box":{"x":123,"y":969,"width":93,"height":5}},{"id":"8a4c3917-f59a-4fe3-9c8f-ee12783830f3","block_type":"box","text":"F","page_number":43,"box":{"x":229,"y":967,"width":5,"height":7}},{"id":"a3d87681-cbf8-4d20-9e04-16bcda1ddfcc","block_type":"box","text":"INANCIAL","page_number":43,"box":{"x":239,"y":969,"width":62,"height":5}},{"id":"cc240e34-e5ec-4dea-969e-073cd693822a","block_type":"box","text":"S","page_number":43,"box":{"x":313,"y":967,"width":6,"height":7}},{"id":"c62c07bf-6d5e-4c65-8a3b-d8893672a366","block_type":"box","text":"TATEMENTS","page_number":43,"box":{"x":324,"y":969,"width":76,"height":5}},{"id":"993149dc-6aab-40b9-ab8e-d66c1295a6df","block_type":"box","text":"NM0826U-5876566-43/56","page_number":43,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"3bff181a-c661-41d6-a47e-fb8b76105a79","block_type":"box","text":"43","page_number":43,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"13010c7d-9b2f-4dcc-98b6-be53c653dda7","block_type":"box","text":"war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on","page_number":44,"box":{"x":30,"y":69,"width":776,"height":11}},{"id":"0e42c927-7a55-4a55-a993-cdb1e1f4416d","block_type":"box","text":"the Fund and its investments.","page_number":44,"box":{"x":810,"y":70,"width":158,"height":8}},{"id":"c99b1b60-25ad-4438-8686-98b3671d6adb","block_type":"box","text":"The Fund’s prospectus provides details of the risks to which the Fund is subject.","page_number":44,"box":{"x":30,"y":84,"width":438,"height":11}},{"id":"2f41424c-9168-481b-8b4d-4e40327d0758","block_type":"box","text":"Illiquidity Risk:","page_number":44,"box":{"x":31,"y":108,"width":86,"height":11}},{"id":"c8b5c5d1-b601-479c-869a-71f1ae4805b4","block_type":"box","text":"The Fund may invest without limitation in illiquid or less liquid investments or investments in which no secondary market is readily available or whic","page_number":44,"box":{"x":123,"y":108,"width":817,"height":11}},{"id":"a2f6576c-704a-4071-9c04-93b5fd816408","block_type":"box","text":"h are","page_number":44,"box":{"x":941,"y":108,"width":28,"height":9}},{"id":"ac103942-e8ce-4a94-ad8f-c04c96bdb51f","block_type":"box","text":"otherwise illiquid, including private placement securities. The Fund may not be able to readily dispose of such investments at prices that approxima","page_number":44,"box":{"x":30,"y":122,"width":795,"height":11}},{"id":"c85184c3-8985-4092-9b18-181d66b3abdd","block_type":"box","text":"te those at which the Fund","page_number":44,"box":{"x":826,"y":122,"width":142,"height":9}},{"id":"d6a943af-04b0-4f99-af6a-e1275023db5c","block_type":"box","text":"could sell such investments if they were more widely traded and, as a result of such illiquidity, the Fund may have to sell other investments or engage in","page_number":44,"box":{"x":30,"y":136,"width":812,"height":11}},{"id":"f0133c59-989a-4c0f-854f-bfa73c876a5b","block_type":"box","text":"borrowing transactions","page_number":44,"box":{"x":846,"y":137,"width":123,"height":10}},{"id":"728d110a-2bfb-4c5f-880f-04fa6ac7d984","block_type":"box","text":"if necessary to raise funds to meet its obligations. Limited liquidity can also affect the market price of investments, thereby adversely affecting t","page_number":44,"box":{"x":31,"y":151,"width":782,"height":11}},{"id":"2a2a76f1-dd85-4af5-b4e4-f278631cfad5","block_type":"box","text":"he Fund’s NAV and ability to","page_number":44,"box":{"x":814,"y":151,"width":155,"height":11}},{"id":"c6d215d1-4b80-4b2b-95b8-a23a2dcc5c55","block_type":"box","text":"make dividend distributions. Privately issued debt securities are often of below investment grade quality, frequently are unrated and present many","page_number":44,"box":{"x":31,"y":165,"width":818,"height":11}},{"id":"e3a15a5c-43a1-44f0-8386-80020aac5254","block_type":"box","text":"of the same risks as","page_number":44,"box":{"x":855,"y":165,"width":114,"height":8}},{"id":"182f1b8a-a51d-497a-9897-3e3e88802e65","block_type":"box","text":"investing in below investment grade public debt securities.","page_number":44,"box":{"x":31,"y":179,"width":317,"height":11}},{"id":"6b7ceedb-20fe-43d0-a885-41882b04c16c","block_type":"box","text":"Market Risk:","page_number":44,"box":{"x":31,"y":204,"width":70,"height":8}},{"id":"a9ccfce5-c01a-412d-9368-c280023a8b08","block_type":"box","text":"The Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled durin","page_number":44,"box":{"x":105,"y":204,"width":813,"height":10}},{"id":"808f14e0-d6c4-4a68-afac-1005df6b2d3a","block_type":"box","text":"g periods","page_number":44,"box":{"x":920,"y":204,"width":49,"height":10}},{"id":"3dc682a9-9079-4619-9184-d0986a95bb61","block_type":"box","text":"of declining interest rates, which would force the Fund to reinvest in lower yielding securities. The Fund may also be exposed to reinvestment risk, wh","page_number":44,"box":{"x":30,"y":218,"width":802,"height":11}},{"id":"3a33694f-156a-44c8-9e29-1703e0359b68","block_type":"box","text":"ich is the risk that income","page_number":44,"box":{"x":834,"y":218,"width":135,"height":8}},{"id":"c1ca85e7-722f-4a4c-a904-1f394195f7e9","block_type":"box","text":"from the Fund’s portfolio will decline if the Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rat","page_number":44,"box":{"x":30,"y":232,"width":792,"height":11}},{"id":"76063bf3-673c-4ad2-8838-09d815ddb15d","block_type":"box","text":"es that are below the Fund","page_number":44,"box":{"x":823,"y":232,"width":146,"height":8}},{"id":"4eee1cfe-74f9-400c-a558-6d873cd45f47","block_type":"box","text":"portfolio’s current earnings rate.","page_number":44,"box":{"x":31,"y":246,"width":172,"height":11}},{"id":"1c03e1a7-f40f-44ab-b9f3-58d020be8920","block_type":"box","text":"Valuation Risk:","page_number":44,"box":{"x":30,"y":271,"width":88,"height":8}},{"id":"982572ca-88d6-420b-ae8c-282c81152540","block_type":"box","text":"The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline","page_number":44,"box":{"x":122,"y":271,"width":823,"height":10}},{"id":"65e07755-26ab-40a9-8c28-85923e50d9ad","block_type":"box","text":"due","page_number":44,"box":{"x":949,"y":271,"width":20,"height":8}},{"id":"4b0f7584-7758-45e4-84b0-62190c297e39","block_type":"box","text":"to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particula","page_number":44,"box":{"x":30,"y":285,"width":813,"height":11}},{"id":"56ccefce-72ee-4b25-9992-0b33ca8b7d06","block_type":"box","text":"r industry or industries.","page_number":44,"box":{"x":844,"y":285,"width":124,"height":11}},{"id":"5ddc75ad-c4b2-4964-a98b-3d4dca55ef95","block_type":"box","text":"The Fund may invest in illiquid investments. An illiquid investment is any investment that the Fund reasonably expects cannot be sold or disposed of in","page_number":44,"box":{"x":30,"y":299,"width":852,"height":11}},{"id":"cec5e54d-59a6-4954-ae1d-79e363480390","block_type":"box","text":"current market","page_number":44,"box":{"x":889,"y":299,"width":80,"height":8}},{"id":"967e4198-3042-4a01-854a-739565fe6f1b","block_type":"box","text":"conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. The Fund may expe","page_number":44,"box":{"x":30,"y":313,"width":808,"height":11}},{"id":"e6b2b022-f22a-4e77-9841-ee2d4bb067f2","block_type":"box","text":"rience difficulty in selling","page_number":44,"box":{"x":839,"y":313,"width":130,"height":11}},{"id":"147c4ae0-cf19-48d3-9d2a-70b4521f4d3d","block_type":"box","text":"illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended per","page_number":44,"box":{"x":31,"y":327,"width":831,"height":11}},{"id":"9d306a6b-7a94-4599-8f5a-15aa94a7721b","block_type":"box","text":"iods in response to","page_number":44,"box":{"x":863,"y":327,"width":106,"height":11}},{"id":"b278c01a-ceee-4f15-8bc8-e6a8e4ec513c","block_type":"box","text":"company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause the Fund’s N","page_number":44,"box":{"x":30,"y":341,"width":844,"height":11}},{"id":"6ec80a74-75f2-4591-84b3-be07400abec0","block_type":"box","text":"AV to experience","page_number":44,"box":{"x":875,"y":342,"width":94,"height":10}},{"id":"37827722-2dbc-4156-a298-e6dcf25f8c74","block_type":"box","text":"significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of the Fund may","page_number":44,"box":{"x":30,"y":356,"width":816,"height":11}},{"id":"7f6b1802-ad71-4428-b0cc-6ccea9e91fda","block_type":"box","text":"lose value, regardless","page_number":44,"box":{"x":850,"y":356,"width":119,"height":11}},{"id":"4650e09e-0eb1-43d9-acee-ed767d2f9248","block_type":"box","text":"of the individual results of the securities and other instruments in which the Fund invests. The Fund’s ability to value its investments may also be imp","page_number":44,"box":{"x":30,"y":370,"width":816,"height":11}},{"id":"b6791368-ea9a-442f-9fb6-41bc2cd28aa8","block_type":"box","text":"acted by technological","page_number":44,"box":{"x":847,"y":370,"width":121,"height":11}},{"id":"d84b20ff-b3d8-491e-9f0a-8554228aa8d6","block_type":"box","text":"issues and/or errors by pricing services or other third-party service providers.","page_number":44,"box":{"x":31,"y":384,"width":419,"height":11}},{"id":"34040225-5da7-4827-a6d3-1cabae0954b8","block_type":"box","text":"The price the Fund could receive upon the sale of any particular portfolio investment may differ from the Fund’s valuation of the investment, particul","page_number":44,"box":{"x":30,"y":409,"width":791,"height":10}},{"id":"df7ea944-1219-47e7-9aa5-5e4644d12387","block_type":"box","text":"arly for securities that trade","page_number":44,"box":{"x":823,"y":409,"width":146,"height":10}},{"id":"9745f15b-0790-45eb-9078-707f3ff4256e","block_type":"box","text":"in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an independent pricing service. Changes to signif","page_number":44,"box":{"x":31,"y":423,"width":799,"height":11}},{"id":"90a545f4-f6de-4e1e-8131-ecec84a8a408","block_type":"box","text":"icant unobservable inputs","page_number":44,"box":{"x":830,"y":423,"width":139,"height":10}},{"id":"04c5d456-5f1a-487d-a47b-90f32a5a9db7","block_type":"box","text":"and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of observable inputs may significantly impact th","page_number":44,"box":{"x":30,"y":437,"width":802,"height":11}},{"id":"63d657a6-4a50-47be-ba5f-b3efc1b975c0","block_type":"box","text":"e resulting fair value and","page_number":44,"box":{"x":834,"y":437,"width":134,"height":11}},{"id":"b43a0d85-7b00-4085-9b1a-14d44d0fcf64","block_type":"box","text":"therefore the Fund’s results of operations. As a result, the price received upon the sale of an investment may be less than the value ascribed by the Fund","page_number":44,"box":{"x":30,"y":451,"width":827,"height":11}},{"id":"8a130957-65c2-4227-9c91-2da777decbf4","block_type":"box","text":", and the Fund could","page_number":44,"box":{"x":859,"y":451,"width":109,"height":10}},{"id":"8604f0f2-6640-4f6a-a68a-ce1bf77dc485","block_type":"box","text":"realize a greater than expected loss or lesser than expected gain upon the sale of the investment.","page_number":44,"box":{"x":31,"y":465,"width":532,"height":11}},{"id":"878e8d16-3c67-45f4-8e79-51d153fb8929","block_type":"box","text":"Counterparty Credit Risk:","page_number":44,"box":{"x":30,"y":490,"width":149,"height":11}},{"id":"68c917f9-7b29-4f5c-a388-aa501a822216","block_type":"box","text":"The Fund may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to","page_number":44,"box":{"x":184,"y":490,"width":785,"height":11}},{"id":"e820bc2a-1fba-4e0a-9b4f-6f94df9167fb","block_type":"box","text":"unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Fund manage","page_number":44,"box":{"x":31,"y":504,"width":788,"height":11}},{"id":"8b884b45-9f82-4bea-a8bf-2e1ef13b9f74","block_type":"box","text":"s counterparty credit risk by","page_number":44,"box":{"x":820,"y":504,"width":149,"height":11}},{"id":"8599d601-0edb-4d43-8f44-b2ab2e30e17e","block_type":"box","text":"entering into transactions only with counterparties that the Manager believes have the financial resources to honor their obligations and by monito","page_number":44,"box":{"x":30,"y":518,"width":791,"height":11}},{"id":"9941146c-914f-4b44-81c6-4b9e5c53318f","block_type":"box","text":"ring the financial stability of","page_number":44,"box":{"x":822,"y":518,"width":148,"height":11}},{"id":"ecc0c949-fc4c-477a-8899-eb9436992ade","block_type":"box","text":"those counterparties. Financial assets, which potentially expose the Fund to market, issuer and counterparty credit risks, consist principally of","page_number":44,"box":{"x":30,"y":532,"width":796,"height":11}},{"id":"fe088d8d-f92d-46a9-ad67-7f5016d87d19","block_type":"box","text":"financial instruments and","page_number":44,"box":{"x":830,"y":532,"width":139,"height":9}},{"id":"6faedc1d-e1bf-4bd6-8c09-25050649616a","block_type":"box","text":"receivables due from counterparties. The extent of the Fund’s exposure to market, issuer and counterparty credit risks with respect to these financi","page_number":44,"box":{"x":31,"y":546,"width":796,"height":11}},{"id":"41aff127-7a7d-4fb9-8b49-b6a47aa9c697","block_type":"box","text":"al assets is approximately","page_number":44,"box":{"x":829,"y":547,"width":140,"height":10}},{"id":"d06d2eff-7544-4b16-9a3b-782928930073","block_type":"box","text":"their value recorded in the Consolidated Statement of Assets and Liabilities, less any collateral held by the Fund.","page_number":44,"box":{"x":30,"y":561,"width":615,"height":10}},{"id":"188f39de-6333-4fcc-9df5-108073514fb4","block_type":"box","text":"A derivative contract may suffer a mark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values","page_number":44,"box":{"x":30,"y":585,"width":842,"height":11}},{"id":"dd55bc68-e26f-44d4-b941-ff074aa3f376","block_type":"box","text":"of the underlying","page_number":44,"box":{"x":877,"y":585,"width":92,"height":11}},{"id":"9e0976c4-63c4-414e-a623-557a475ab3e9","block_type":"box","text":"instrument. Losses can also occur if the counterparty does not perform under the contract.","page_number":44,"box":{"x":31,"y":599,"width":492,"height":11}},{"id":"9899160c-9f1e-467c-8820-e975cea151a0","block_type":"box","text":"With exchange-traded futures and centrally cleared swaps, there is less counterparty credit risk to the Fund since the exchange or clearinghouse, as","page_number":44,"box":{"x":30,"y":624,"width":822,"height":11}},{"id":"1c8ea586-1e06-47f5-9208-b621537ff37d","block_type":"box","text":"counterparty to such","page_number":44,"box":{"x":857,"y":624,"width":112,"height":11}},{"id":"5dbda935-68b0-436c-a0a2-9b80b4efdb3c","block_type":"box","text":"instruments, guarantees against a possible default. The clearinghouse stands between the buyer and the seller of the contract; therefore, credit ri","page_number":44,"box":{"x":31,"y":638,"width":789,"height":11}},{"id":"3f751724-2fff-4794-919b-b7d09412b90a","block_type":"box","text":"sk is limited to failure of the","page_number":44,"box":{"x":821,"y":638,"width":148,"height":9}},{"id":"2d3128d0-0688-409d-9fc1-e339406bdb22","block_type":"box","text":"clearinghouse. While offset rights may exist under applicable law, the Fund does not have a contractual right of offset against a clearing broker or cl","page_number":44,"box":{"x":30,"y":652,"width":803,"height":11}},{"id":"cf50c96c-7057-4a5c-aaae-33f2dca43fb0","block_type":"box","text":"earinghouse in the event","page_number":44,"box":{"x":834,"y":652,"width":135,"height":11}},{"id":"87935039-7985-46b9-8c98-c28fedfab3c4","block_type":"box","text":"of a default (including the bankruptcy or insolvency). Additionally, credit risk exists in exchange-traded futures and centrally cleared swaps wit","page_number":44,"box":{"x":30,"y":666,"width":769,"height":11}},{"id":"367694d2-7406-4936-aa51-9b49c30a4879","block_type":"box","text":"h respect to initial and variation","page_number":44,"box":{"x":800,"y":666,"width":169,"height":11}},{"id":"e7de0106-f3fc-462d-8f04-eae693c626c0","block_type":"box","text":"margin that is held in a clearing broker’s customer accounts. While clearing brokers are required to segregate customer margin from their own assets,","page_number":44,"box":{"x":31,"y":681,"width":832,"height":10}},{"id":"ee6cab44-3084-4cc8-b116-599f42d40700","block_type":"box","text":"in the event that a","page_number":44,"box":{"x":869,"y":681,"width":100,"height":8}},{"id":"1767b235-d915-4c28-b210-d2aa99cc77da","block_type":"box","text":"clearing broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing br","page_number":44,"box":{"x":30,"y":695,"width":824,"height":11}},{"id":"0f00e8ca-afd2-4b4b-bcad-af605c435130","block_type":"box","text":"oker for all its clients,","page_number":44,"box":{"x":855,"y":695,"width":113,"height":10}},{"id":"da14c0d5-9452-4ca3-b73f-24412e48fe32","block_type":"box","text":"typically the shortfall would be allocated on a pro rata basis across all the clearing broker’s customers, potentially resulting in losses to the Fund","page_number":44,"box":{"x":30,"y":709,"width":785,"height":11}},{"id":"fbd6fc57-6e5b-4182-afd6-3c9858e29a2d","block_type":"box","text":".","page_number":44,"box":{"x":817,"y":716,"width":1,"height":1}},{"id":"ca74afb5-265c-4090-a39a-f790c7e7d049","block_type":"box","text":"Geographic/Asset Class Risk:","page_number":44,"box":{"x":30,"y":733,"width":174,"height":11}},{"id":"9a390f4d-22c9-484a-8f87-8c6863c244bc","block_type":"box","text":"A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular","page_number":44,"box":{"x":209,"y":733,"width":761,"height":11}},{"id":"6dafd11b-f168-48d8-b72e-773e383ebefe","block_type":"box","text":"investment will have a material impact on the NAV of a fund. The investment concentrations within the Fund’s portfolio are disclosed in its Consolidat","page_number":44,"box":{"x":31,"y":748,"width":852,"height":10}},{"id":"652e1934-68d8-456b-a506-b53baa254269","block_type":"box","text":"ed Schedule of","page_number":44,"box":{"x":883,"y":748,"width":87,"height":8}},{"id":"96b464dc-3111-4075-8b33-848d68432701","block_type":"box","text":"Investments.","page_number":44,"box":{"x":31,"y":762,"width":68,"height":8}},{"id":"d45ed57c-bb44-431c-90fe-a5c75e58f825","block_type":"box","text":"The Fund invests a significant portion of its assets in high yield securities. High yield securities that are rated below investment-grade (commonly","page_number":44,"box":{"x":30,"y":786,"width":787,"height":11}},{"id":"a88106dc-2ec2-4201-a89f-0ac35e7bd25b","block_type":"box","text":"referred to as “junk bonds”)","page_number":44,"box":{"x":822,"y":786,"width":147,"height":11}},{"id":"7033668e-5bf8-4457-b638-7ef0b5881c1e","block_type":"box","text":"or are unrated may be deemed speculative, involve greater levels of risk than higher-rated securities of similar maturity and are more likely to defau","page_number":44,"box":{"x":30,"y":800,"width":791,"height":11}},{"id":"8a29a4a0-f1d2-41b1-af33-ddb846420f80","block_type":"box","text":"lt. High yield securities may","page_number":44,"box":{"x":823,"y":801,"width":146,"height":10}},{"id":"f08b5dba-b3a6-4c7d-ba9c-cf390cef24d9","block_type":"box","text":"be issued by less creditworthy issuers, and issuers of high yield securities may be unable to meet their interest or principal payment obligations. Hi","page_number":44,"box":{"x":31,"y":815,"width":815,"height":10}},{"id":"1a8e25c5-4400-4319-8eaa-e37731b42d2b","block_type":"box","text":"gh yield securities are","page_number":44,"box":{"x":848,"y":815,"width":121,"height":10}},{"id":"3acf93c6-c88c-4da5-8881-0860287f2030","block_type":"box","text":"subject to extreme price fluctuations, may be less liquid than higher rated fixed-income securities, even under normal economic conditions, and fre","page_number":44,"box":{"x":30,"y":829,"width":803,"height":11}},{"id":"f6fb142f-6e73-4552-85bf-82af94dd8182","block_type":"box","text":"quently have redemption","page_number":44,"box":{"x":834,"y":829,"width":135,"height":11}},{"id":"699fe748-d088-485a-812d-6ec5926945f1","block_type":"box","text":"features.","page_number":44,"box":{"x":30,"y":843,"width":47,"height":9}},{"id":"c4ec5c4a-8710-4d2a-9af3-c4ef9d606e6d","block_type":"box","text":"The Fund invests a significant portion of its assets in fixed-income securities and/or uses derivatives tied to the fixed-income markets. Changes in","page_number":44,"box":{"x":30,"y":867,"width":806,"height":11}},{"id":"2c312960-d44e-42b1-bd12-ab62002aff66","block_type":"box","text":"market interest rates or","page_number":44,"box":{"x":841,"y":868,"width":129,"height":8}},{"id":"3960a346-a45b-4c7a-9093-04dc22a6b324","block_type":"box","text":"economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-inc","page_number":44,"box":{"x":30,"y":882,"width":785,"height":10}},{"id":"79ebd6ca-91e3-4a28-a7fe-ea2edcbac7c1","block_type":"box","text":"ome securities will decrease","page_number":44,"box":{"x":816,"y":882,"width":153,"height":8}},{"id":"1a9c0a3d-aac2-4555-9a6c-5ecd670016e2","block_type":"box","text":"as interest rates rise and increase as interest rates fall. The Fund may be subject to a greater risk of rising interest rates during a period of historic","page_number":44,"box":{"x":30,"y":896,"width":851,"height":11}},{"id":"21b8f7eb-e726-4997-acc2-3c3afe1ad311","block_type":"box","text":"ally low interest","page_number":44,"box":{"x":881,"y":896,"width":88,"height":11}},{"id":"216ad674-2791-4a19-b1ca-43f2f22ff8c9","block_type":"box","text":"rates. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility, and could negatively impact t","page_number":44,"box":{"x":31,"y":910,"width":798,"height":11}},{"id":"fcc23405-3042-4ae1-9b0d-ce012d0f0b0d","block_type":"box","text":"he Fund’s performance.","page_number":44,"box":{"x":830,"y":910,"width":129,"height":11}},{"id":"3f184b54-caee-49b8-a6e5-b867c2a82d35","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":44,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"c54976a7-abd8-4edc-ae53-866725725b43","block_type":"box","text":"(unaudited) (continued)","page_number":44,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"194c8c7d-3405-41bd-ab1e-25d37272c1fd","block_type":"box","text":"44","page_number":44,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"20e8e4ce-5ca8-44a4-8d1b-79f3bb708617","block_type":"box","text":"2026","page_number":44,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"9c2fd1d0-aca4-49eb-8c00-5fe045ae0668","block_type":"box","text":"B","page_number":44,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"c074c7e1-d395-492e-9ee7-4cf608d81a18","block_type":"box","text":"LACK","page_number":44,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"0fc21827-9541-4efd-be26-37ca7f0dc319","block_type":"box","text":"R","page_number":44,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"21114e36-6377-46ef-9f78-d422584f6189","block_type":"box","text":"OCK","page_number":44,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"6d0df1e9-9175-46e1-a163-e7b336fcb5bd","block_type":"box","text":"S","page_number":44,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"01125d6c-ee41-4601-852b-446c5d4a11b7","block_type":"box","text":"EMI","page_number":44,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"62f8e886-0eac-4737-b892-627dc69f6882","block_type":"box","text":"-A","page_number":44,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"fd24b3f7-d696-4b78-8de3-4adf405d8b4f","block_type":"box","text":"NNUAL","page_number":44,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"b50763ec-5e82-4a10-b9ed-bed6ab0fc6b4","block_type":"box","text":"NM0826U-5876566-44/56 R EPORT TO S HARE","page_number":44,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"49386afb-9bea-46eb-9230-37d09dec40b4","block_type":"box","text":"NM\r\nR","page_number":44,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"82d3fd07-f3d1-4fc6-8df5-770fcb39b62d","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":44,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"f967999b-77f2-4aec-8d6d-52cef7386052","block_type":"box","text":"66\r\nS","page_number":44,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"202fe5be-4635-4a07-b98a-c27e2378adfb","block_type":"box","text":"-44/56 \r\nHAREHOLDERS","page_number":44,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"93813506-6872-47f2-84bf-d04c9e8faf18","block_type":"box","text":"The Fund invests a significant portion of its assets in securities of issuers located in the United States. A decrease in imports or exports, changes in","page_number":45,"box":{"x":30,"y":69,"width":794,"height":11}},{"id":"6617ba0b-9045-494c-9cc9-4367dd2bfb13","block_type":"box","text":"trade regulations, inflation","page_number":45,"box":{"x":829,"y":69,"width":140,"height":11}},{"id":"dbcb90af-09de-4c39-a14e-5b06de02585b","block_type":"box","text":"and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Pr","page_number":45,"box":{"x":30,"y":84,"width":874,"height":11}},{"id":"e0f2704d-b06e-464c-a37e-01c9547f4e6e","block_type":"box","text":"oposed and","page_number":45,"box":{"x":904,"y":84,"width":64,"height":10}},{"id":"6a37aae6-6640-4a6e-bf54-f1ae0f5aeea7","block_type":"box","text":"adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of cert","page_number":45,"box":{"x":30,"y":98,"width":862,"height":11}},{"id":"25465dd4-fd7d-46bc-9d66-c5cedbd94566","block_type":"box","text":"ain securities.","page_number":45,"box":{"x":893,"y":98,"width":75,"height":8}},{"id":"72fc6185-476e-4aa5-84c4-2213d5d3e36f","block_type":"box","text":"Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may cons","page_number":45,"box":{"x":30,"y":112,"width":822,"height":11}},{"id":"59247ee3-7015-4103-a1d0-f3ed88aa93cc","block_type":"box","text":"train future economic","page_number":45,"box":{"x":853,"y":112,"width":116,"height":9}},{"id":"8c03cb96-9106-4e21-856c-cef20ec538f1","block_type":"box","text":"growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legisl","page_number":45,"box":{"x":30,"y":126,"width":804,"height":11}},{"id":"004990f3-d3b1-4e33-9b06-7f940afc6a6c","block_type":"box","text":"ative “debt ceiling.” Such","page_number":45,"box":{"x":835,"y":126,"width":134,"height":11}},{"id":"7cdfb20c-b7b2-421f-a3e2-a5bc48a09901","block_type":"box","text":"non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain c","page_number":45,"box":{"x":31,"y":140,"width":818,"height":11}},{"id":"6417b814-0926-4f31-9719-a82eaa1c6067","block_type":"box","text":"ountries deteriorate, it","page_number":45,"box":{"x":849,"y":141,"width":120,"height":9}},{"id":"0915a000-b698-4627-bffa-e75c008640b4","block_type":"box","text":"could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord","page_number":45,"box":{"x":30,"y":155,"width":809,"height":10}},{"id":"d4b2d4f7-574d-4685-8168-36ae75a41ceb","block_type":"box","text":". If these trends were to","page_number":45,"box":{"x":841,"y":155,"width":128,"height":8}},{"id":"aea7d43d-9082-41b0-a68f-4cf97d925e85","block_type":"box","text":"continue, they may have an adverse impact on the U.S. economy and the issuers in which the Fund invests.","page_number":45,"box":{"x":30,"y":169,"width":591,"height":11}},{"id":"aed27fb4-1e88-43d7-93e6-5c6d12404869","block_type":"box","text":"11. CAPITAL SHARE TRANSACTIONS","page_number":45,"box":{"x":32,"y":198,"width":282,"height":11}},{"id":"0dfaa425-9602-4e6a-baf6-fcc81f7b94d1","block_type":"box","text":"The Fund is authorized to issue an unlimited number of shares, all of which were initially classified as Common Shares. The par value for the Fund’s Comm","page_number":45,"box":{"x":30,"y":230,"width":868,"height":11}},{"id":"6e878d2c-d145-446c-94f6-d3775e9c5613","block_type":"box","text":"on Shares is","page_number":45,"box":{"x":900,"y":230,"width":69,"height":9}},{"id":"42af6ca2-e678-44ed-a8ee-25021fd2571c","block_type":"box","text":"$0.001.","page_number":45,"box":{"x":30,"y":244,"width":40,"height":10}},{"id":"081bcc8c-ab69-487f-a58a-3720f69305da","block_type":"box","text":"Transactions in capital shares for each class were as follows:","page_number":45,"box":{"x":30,"y":269,"width":334,"height":10}},{"id":"8dfd05f6-1a07-40e3-acbe-f263dd18b6f0","block_type":"box","text":"Six Months Ended","page_number":45,"box":{"x":632,"y":294,"width":88,"height":7}},{"id":"94f92e28-52f7-4ea4-b7e6-203b7634616c","block_type":"box","text":"06/30/26","page_number":45,"box":{"x":655,"y":307,"width":42,"height":7}},{"id":"2b52dfbe-aa2f-49c6-be0f-401581c060bd","block_type":"box","text":"Year Ended","page_number":45,"box":{"x":837,"y":294,"width":57,"height":7}},{"id":"b8cef85d-f6dd-49ba-8398-aeb2b795b694","block_type":"box","text":"12/31/25","page_number":45,"box":{"x":846,"y":307,"width":41,"height":7}},{"id":"a774147b-49c4-4a43-b676-f6f00c13b59f","block_type":"box","text":"Fund Name / Share Class","page_number":45,"box":{"x":50,"y":324,"width":127,"height":7}},{"id":"3a8d0f75-3d02-4936-a33b-62a55bf6df7a","block_type":"box","text":"Shares Amounts Shares Amounts","page_number":45,"box":{"x":615,"y":324,"width":331,"height":7}},{"id":"a30b26b3-9587-4e79-b170-2e5bd47281ae","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":45,"box":{"x":51,"y":341,"width":189,"height":9}},{"id":"be2862ae-1b0f-46e3-980a-a35a7dc88461","block_type":"box","text":"Institutional","page_number":45,"box":{"x":64,"y":354,"width":54,"height":7}},{"id":"c2ceb610-83bc-4753-b6c4-6936c6ddc685","block_type":"box","text":"Shares sold","page_number":45,"box":{"x":77,"y":367,"width":57,"height":7}},{"id":"2e4925d1-416d-4c7e-ab34-6b87c52c3aaa","block_type":"box","text":"........................................................................................","page_number":45,"box":{"x":139,"y":373,"width":439,"height":1}},{"id":"0d95fff4-1cc1-4c0c-94be-15fe8bcd4125","block_type":"box","text":"3,806,949 $ 30,794,048 11,434,104 $ 95,625,130","page_number":45,"box":{"x":603,"y":366,"width":345,"height":10}},{"id":"cf5a5013-59b6-4a01-8437-6bdadf2a97d1","block_type":"box","text":"Reinvestment of distributions","page_number":45,"box":{"x":78,"y":379,"width":140,"height":8}},{"id":"c135a936-d3c7-4e1b-9817-96112bcf1511","block_type":"box","text":"........................................................................","page_number":45,"box":{"x":219,"y":386,"width":359,"height":1}},{"id":"84741090-0e37-4f3d-9efd-5c096f043924","block_type":"box","text":"232,327 1,870,571 650,755 5,431,689","page_number":45,"box":{"x":612,"y":380,"width":336,"height":8}},{"id":"e61784d7-1d7e-4be4-9d68-56e02c837050","block_type":"box","text":"Shares redeemed","page_number":45,"box":{"x":77,"y":392,"width":87,"height":8}},{"id":"6b307b7b-41ad-4325-b630-6e2f460e9a88","block_type":"box","text":"..................................................................................","page_number":45,"box":{"x":169,"y":399,"width":409,"height":1}},{"id":"fa0ffe06-33b7-4a86-9dbf-95464366bff6","block_type":"box","text":"(5,447,957) (44,164,007) (12,991,306) (108,544,939)","page_number":45,"box":{"x":600,"y":392,"width":352,"height":10}},{"id":"b8a33251-9210-42e0-aa43-f040b5165f1e","block_type":"box","text":"(1,408,681) $ (11,499,388) (906,447) $ (7,488,120)","page_number":45,"box":{"x":600,"y":409,"width":352,"height":10}},{"id":"b8c0c6ab-dbdb-4e9c-8341-1a7792278f51","block_type":"box","text":"Class A","page_number":45,"box":{"x":64,"y":427,"width":37,"height":8}},{"id":"c800b544-06c8-4f0b-8ff8-99c5b2a1302e","block_type":"box","text":"Shares sold","page_number":45,"box":{"x":77,"y":440,"width":57,"height":8}},{"id":"cbf880d6-9b82-4d25-861c-28119f2daeb4","block_type":"box","text":"........................................................................................","page_number":45,"box":{"x":139,"y":446,"width":439,"height":2}},{"id":"17408cc2-9fbd-453e-a5e1-13941234eb5e","block_type":"box","text":"147,610 $ 1,195,182 1,336,578 $ 11,226,614","page_number":45,"box":{"x":613,"y":440,"width":335,"height":9}},{"id":"ecb3d75e-c44f-48a8-ae4e-922343f8c7c9","block_type":"box","text":"Reinvestment of distributions","page_number":45,"box":{"x":78,"y":453,"width":140,"height":8}},{"id":"3ccf42f8-b7ff-4b9f-825d-4419dce3a22a","block_type":"box","text":"........................................................................","page_number":45,"box":{"x":219,"y":459,"width":359,"height":1}},{"id":"4843cf7e-7e65-4c57-aa88-c7039898e321","block_type":"box","text":"203,933 1,650,018 618,953 5,184,173","page_number":45,"box":{"x":612,"y":453,"width":336,"height":9}},{"id":"61aaf6a0-0012-446a-b6d3-37b3deba72a6","block_type":"box","text":"Shares redeemed","page_number":45,"box":{"x":77,"y":466,"width":87,"height":7}},{"id":"bc6906fb-979f-4040-bd51-c248bec243c6","block_type":"box","text":"..................................................................................","page_number":45,"box":{"x":169,"y":472,"width":409,"height":1}},{"id":"0b8b31dd-7128-4ecd-a230-40d233afb200","block_type":"box","text":"(2,402,283) (19,592,635) (4,371,108) (36,548,405)","page_number":45,"box":{"x":600,"y":466,"width":352,"height":10}},{"id":"5f8d1785-af5c-4168-b1a3-eaeab207d9f0","block_type":"box","text":"(2,050,740) $ (16,747,435) (2,415,577) $ (20,137,618)","page_number":45,"box":{"x":600,"y":482,"width":352,"height":11}},{"id":"b94d0b42-fdcc-4a4b-9482-7db221cd54cf","block_type":"box","text":"Class J","page_number":45,"box":{"x":64,"y":501,"width":35,"height":7}},{"id":"9243e3b3-10c4-47f0-9b77-a6ac0c40b192","block_type":"box","text":"Shares sold","page_number":45,"box":{"x":77,"y":514,"width":57,"height":7}},{"id":"686c1589-12cd-46e3-800d-bfa44bfe5cd0","block_type":"box","text":"........................................................................................","page_number":45,"box":{"x":139,"y":520,"width":439,"height":1}},{"id":"b914f215-01a0-4acd-8525-bcf96e3fc6ed","block_type":"box","text":"—$ — —$ —","page_number":45,"box":{"x":641,"y":513,"width":308,"height":9}},{"id":"24f2b3b0-702e-466f-9f51-24387a89e8d8","block_type":"box","text":"Reinvestment of distributions","page_number":45,"box":{"x":78,"y":526,"width":140,"height":8}},{"id":"ce25e03f-3f39-4593-a5ba-202be5d38891","block_type":"box","text":"........................................................................","page_number":45,"box":{"x":219,"y":533,"width":359,"height":1}},{"id":"8e42a35f-0027-445d-b283-b2526e08c290","block_type":"box","text":"— —— —","page_number":45,"box":{"x":641,"y":531,"width":308,"height":1}},{"id":"961874cd-1db9-4ec3-bb5f-e417a807a00a","block_type":"box","text":"Shares redeemed","page_number":45,"box":{"x":77,"y":539,"width":87,"height":8}},{"id":"a8d2d6c9-32bd-4588-a614-38c9b2d05dfa","block_type":"box","text":"..................................................................................","page_number":45,"box":{"x":169,"y":546,"width":409,"height":1}},{"id":"b9b54f84-51c6-40ae-9d07-375022fa5221","block_type":"box","text":"— —— —","page_number":45,"box":{"x":641,"y":544,"width":308,"height":1}},{"id":"91e769f4-70e9-4045-8086-eaa73ee25404","block_type":"box","text":"—$ — —$ —","page_number":45,"box":{"x":641,"y":556,"width":308,"height":9}},{"id":"6f9bf452-5a68-4bf4-a23a-6ce0280020fe","block_type":"box","text":"Class U","page_number":45,"box":{"x":64,"y":574,"width":37,"height":8}},{"id":"6855ad3a-b7ea-49f0-b34b-b3599d466c95","block_type":"box","text":"Shares sold","page_number":45,"box":{"x":77,"y":587,"width":57,"height":8}},{"id":"a02c80ce-c3a5-40bb-9fb4-ef335a00cbe0","block_type":"box","text":"........................................................................................","page_number":45,"box":{"x":139,"y":593,"width":439,"height":2}},{"id":"8ffaff89-120f-4698-a35d-31954f1590e6","block_type":"box","text":"67,503 $ 549,999 870,986 $ 7,281,241","page_number":45,"box":{"x":619,"y":586,"width":328,"height":10}},{"id":"4917bb79-88e9-4c8f-88ec-79b03d02564d","block_type":"box","text":"Reinvestment of distributions","page_number":45,"box":{"x":78,"y":600,"width":140,"height":8}},{"id":"68fa67c4-cfa7-4789-ac55-f737c70113e1","block_type":"box","text":"........................................................................","page_number":45,"box":{"x":219,"y":606,"width":359,"height":1}},{"id":"a610bb6b-6b07-41f7-ab19-d903056ff668","block_type":"box","text":"121,601 980,216 258,222 2,156,831","page_number":45,"box":{"x":613,"y":600,"width":334,"height":9}},{"id":"eb3a31fb-7abb-43b0-bebf-afcfd48d65c4","block_type":"box","text":"Shares redeemed","page_number":45,"box":{"x":77,"y":613,"width":87,"height":7}},{"id":"d2632669-a3da-4a66-8961-960becab6709","block_type":"box","text":"..................................................................................","page_number":45,"box":{"x":169,"y":619,"width":409,"height":1}},{"id":"c69bd13b-4146-41f5-87b3-cd52c68ef8ff","block_type":"box","text":"(431,807) (3,506,164) (732,840) (6,124,304)","page_number":45,"box":{"x":609,"y":613,"width":343,"height":9}},{"id":"785db675-43e6-4505-b934-330f85b165bc","block_type":"box","text":"(242,703) $ (1,975,949) 396,368 $ 3,313,768","page_number":45,"box":{"x":609,"y":629,"width":339,"height":11}},{"id":"b8566334-3f5f-4a8f-bfab-f29d0812da91","block_type":"box","text":"Class W","page_number":45,"box":{"x":64,"y":648,"width":40,"height":7}},{"id":"909dc063-375c-4b95-8de5-cf7648a68686","block_type":"box","text":"Shares sold","page_number":45,"box":{"x":77,"y":661,"width":57,"height":7}},{"id":"075a1592-3790-4cdd-ae7f-7e9dc80c61ca","block_type":"box","text":"........................................................................................","page_number":45,"box":{"x":139,"y":667,"width":439,"height":1}},{"id":"1c4c39bc-bf10-43ce-9908-a84c7c5d0183","block_type":"box","text":"—$ — —$ —","page_number":45,"box":{"x":641,"y":660,"width":308,"height":9}},{"id":"9c0c162b-1e63-4988-b88b-e1357ac73534","block_type":"box","text":"Reinvestment of distributions","page_number":45,"box":{"x":78,"y":673,"width":140,"height":8}},{"id":"887087ec-8e1d-4eae-9295-af00636a2e10","block_type":"box","text":"........................................................................","page_number":45,"box":{"x":219,"y":680,"width":359,"height":1}},{"id":"6f0c5a66-0881-4f6a-9833-713e4fcc6989","block_type":"box","text":"— —— —","page_number":45,"box":{"x":641,"y":678,"width":308,"height":1}},{"id":"fbb401d3-3348-4a0f-9e6b-9e016ad7eef1","block_type":"box","text":"Shares redeemed","page_number":45,"box":{"x":77,"y":686,"width":87,"height":8}},{"id":"71534939-c101-4480-8122-f46750774126","block_type":"box","text":"..................................................................................","page_number":45,"box":{"x":169,"y":693,"width":409,"height":1}},{"id":"5dcfb2c4-fa1b-4b04-89fe-00dd6e418b32","block_type":"box","text":"— —— —","page_number":45,"box":{"x":641,"y":691,"width":308,"height":0}},{"id":"73440af4-49f2-458e-a61c-af076729eb72","block_type":"box","text":"—$ — —$ —","page_number":45,"box":{"x":641,"y":703,"width":308,"height":9}},{"id":"b2f8c5e3-9e99-4375-9ed8-39e8c35fe295","block_type":"box","text":"(3,702,124) $ (30,222,772) (2,925,656) $ (24,311,970)","page_number":45,"box":{"x":600,"y":721,"width":352,"height":10}},{"id":"4f5dcdfe-1969-4198-b63e-3ddc366c2b1d","block_type":"box","text":"The Fund will make offers to purchase between 5% and 25% of its outstanding shares at approximate 3 month intervals.","page_number":45,"box":{"x":30,"y":748,"width":657,"height":11}},{"id":"cc2b2a84-1d96-46dc-827c-dbe941f10469","block_type":"box","text":"Repurchase offers results for the period ended June 30, 2026 were as follows:","page_number":45,"box":{"x":31,"y":772,"width":427,"height":11}},{"id":"b1e1951d-4fad-48df-8425-7a6016fbf8fc","block_type":"box","text":"Commencement","page_number":45,"box":{"x":249,"y":848,"width":80,"height":7}},{"id":"ec409b06-cf4c-4802-b837-181af132841d","block_type":"box","text":"Date of Tender","page_number":45,"box":{"x":258,"y":861,"width":72,"height":7}},{"id":"1c8eae0e-7143-46d0-950c-d75718c84635","block_type":"box","text":"Offer Period","page_number":45,"box":{"x":271,"y":874,"width":58,"height":7}},{"id":"96532123-70c9-4dd0-bf00-bc50e5cabcdc","block_type":"box","text":"Valuation","page_number":45,"box":{"x":360,"y":861,"width":44,"height":7}},{"id":"b7ec5342-66e5-47f9-9fb9-5e1928bcc1c5","block_type":"box","text":"Date","page_number":45,"box":{"x":381,"y":874,"width":23,"height":7}},{"id":"90c2839f-1cf0-426e-9aea-e1d88a7082c1","block_type":"box","text":"Number of","page_number":45,"box":{"x":435,"y":848,"width":52,"height":7}},{"id":"e9359998-806f-4307-95aa-48f69f7e6d62","block_type":"box","text":"Shares","page_number":45,"box":{"x":451,"y":861,"width":35,"height":7}},{"id":"23af13b8-2884-4484-a28e-1c7189c50e87","block_type":"box","text":"Tendered","page_number":45,"box":{"x":441,"y":874,"width":45,"height":7}},{"id":"025aad2a-349a-4437-bf79-bdd232354448","block_type":"box","text":"Tendered","page_number":45,"box":{"x":540,"y":809,"width":45,"height":8}},{"id":"78796d63-3171-4755-af6d-d808850072ec","block_type":"box","text":"Shares","page_number":45,"box":{"x":550,"y":822,"width":34,"height":8}},{"id":"57cbe6b1-88aa-42ae-b9c0-f777f42559d0","block_type":"box","text":"as a","page_number":45,"box":{"x":564,"y":837,"width":20,"height":5}},{"id":"4bd852ca-ef3c-4739-805f-d5bd85b2de57","block_type":"box","text":"Percentage of","page_number":45,"box":{"x":516,"y":848,"width":70,"height":9}},{"id":"812b60a0-3c52-4aa4-98f9-b8f3c3eb138d","block_type":"box","text":"Outstanding","page_number":45,"box":{"x":526,"y":861,"width":58,"height":9}},{"id":"1a08d9a2-a6cb-4a18-bcb1-436bd37c3464","block_type":"box","text":"Shares","page_number":45,"box":{"x":550,"y":874,"width":34,"height":7}},{"id":"d7d1f5ec-928a-47df-a2f2-6ff922f2c4f6","block_type":"box","text":"Number of","page_number":45,"box":{"x":616,"y":835,"width":53,"height":7}},{"id":"0767ca85-0263-4d78-bbb6-283b64d6a356","block_type":"box","text":"Tendered","page_number":45,"box":{"x":623,"y":848,"width":45,"height":7}},{"id":"60f32365-1abf-4778-baa7-38c907ebab07","block_type":"box","text":"Shares","page_number":45,"box":{"x":633,"y":861,"width":34,"height":7}},{"id":"dc88e39b-76c7-4749-9f77-6a075a7f4abe","block_type":"box","text":"Purchased","page_number":45,"box":{"x":615,"y":874,"width":53,"height":7}},{"id":"75e56ee9-58c9-4fe3-ae73-39d46383d6df","block_type":"box","text":"Tendered","page_number":45,"box":{"x":722,"y":796,"width":45,"height":8}},{"id":"37642d49-4e99-4e97-ae5c-21b2866082fe","block_type":"box","text":"Shares","page_number":45,"box":{"x":732,"y":809,"width":34,"height":8}},{"id":"e95f7bb3-69a1-4e82-8f4b-df39e1b7ae0d","block_type":"box","text":"Purchased","page_number":45,"box":{"x":714,"y":822,"width":53,"height":8}},{"id":"93f231f8-0425-4aaa-beed-d1df4753e01b","block_type":"box","text":"as a","page_number":45,"box":{"x":746,"y":837,"width":20,"height":5}},{"id":"390869fe-1318-410a-a38c-d1af6b82a51c","block_type":"box","text":"Percentage of","page_number":45,"box":{"x":698,"y":848,"width":70,"height":9}},{"id":"e9550157-70ac-4409-8e16-16a0b5989ff4","block_type":"box","text":"Outstanding","page_number":45,"box":{"x":708,"y":861,"width":58,"height":9}},{"id":"09e3cae2-0d55-4960-b2d6-976dd7f8ec7e","block_type":"box","text":"Shares","page_number":45,"box":{"x":732,"y":874,"width":34,"height":7}},{"id":"43f9dd9b-8b60-45e4-91f7-bb3e84c25ef9","block_type":"box","text":"Purchase","page_number":45,"box":{"x":797,"y":861,"width":46,"height":7}},{"id":"9f7dcb1c-ee49-4884-a9ac-325609b7943d","block_type":"box","text":"Price","page_number":45,"box":{"x":818,"y":874,"width":25,"height":7}},{"id":"f7a5b666-226d-4bf6-89d7-97cdff62d765","block_type":"box","text":"Total","page_number":45,"box":{"x":914,"y":848,"width":22,"height":7}},{"id":"3f508639-c042-452a-a423-2a0e5670db35","block_type":"box","text":"Amount of","page_number":45,"box":{"x":885,"y":861,"width":52,"height":7}},{"id":"6aeb18e1-d627-40be-a8fd-daf56b18a41e","block_type":"box","text":"Purchases","page_number":45,"box":{"x":874,"y":874,"width":51,"height":7}},{"id":"061ea2a2-a09c-47eb-8769-bbd93bfb6e59","block_type":"box","text":"(a)","page_number":45,"box":{"x":926,"y":872,"width":9,"height":6}},{"id":"e6593b24-c19e-41ec-bf76-78904ee21b85","block_type":"box","text":"Institutional","page_number":45,"box":{"x":51,"y":891,"width":54,"height":7}},{"id":"6ab1702f-159f-41c0-997d-3a4aed3d5562","block_type":"box","text":"........................","page_number":45,"box":{"x":110,"y":897,"width":117,"height":1}},{"id":"fdc8ffa2-fa32-4913-8902-16a8cdcff5dd","block_type":"box","text":"01/08/26 02/10/26 5,883,638 11.05% 3,079,555 5.78% 8.15 25,098,371","page_number":45,"box":{"x":286,"y":891,"width":647,"height":9}},{"id":"ff686719-a02b-46ad-8a5b-3d5f3efe0346","block_type":"box","text":"Class A","page_number":45,"box":{"x":50,"y":904,"width":37,"height":7}},{"id":"b3b2149c-c0ae-4987-893d-93b75a190edb","block_type":"box","text":"............................","page_number":45,"box":{"x":90,"y":910,"width":137,"height":1}},{"id":"805de175-58a7-4290-b07c-5db4cadc21ee","block_type":"box","text":"01/08/26 02/10/26 3,021,958 27.84 1,581,703 14.57 8.19 12,954,141","page_number":45,"box":{"x":286,"y":904,"width":647,"height":8}},{"id":"7c00ec1f-4cc2-4cf3-9ba2-f72cd111bdb8","block_type":"box","text":"Class J","page_number":45,"box":{"x":50,"y":916,"width":35,"height":8}},{"id":"3a7a027d-125f-47ea-9118-5f844564a036","block_type":"box","text":"............................","page_number":45,"box":{"x":90,"y":923,"width":137,"height":1}},{"id":"db02e769-0d20-4835-b8c4-6a8450f02025","block_type":"box","text":"01/08/26 02/10/26 — — — — — —","page_number":45,"box":{"x":286,"y":916,"width":649,"height":8}},{"id":"bf0acbf8-3252-4e55-ae22-ae05d091e466","block_type":"box","text":"Class U","page_number":45,"box":{"x":50,"y":929,"width":38,"height":8}},{"id":"9d815bd4-564e-4fb6-b3cf-ace48eb16592","block_type":"box","text":"............................","page_number":45,"box":{"x":90,"y":936,"width":137,"height":1}},{"id":"cf74e7fa-21a0-4bc2-94bd-ef85de2db361","block_type":"box","text":"01/08/26 02/10/26 492,904 8.10 257,986 4.24 8.16 2,105,166","page_number":45,"box":{"x":286,"y":929,"width":649,"height":9}},{"id":"5e544842-e3d2-4e8a-9ed6-d12c71a32040","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":45,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"b3f838cf-0d35-4a8a-b395-233b7a4e110d","block_type":"box","text":"(unaudited) (continued)","page_number":45,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"7de4cf2c-1d0a-4d8e-a777-7ecf05d740a4","block_type":"box","text":"N","page_number":45,"box":{"x":31,"y":967,"width":6,"height":7}},{"id":"adf19327-e398-4c15-b187-8b57e4054e51","block_type":"box","text":"OTES TO","page_number":45,"box":{"x":42,"y":969,"width":57,"height":5}},{"id":"31ce103b-3c06-451d-9b31-99e672f3936c","block_type":"box","text":"C","page_number":45,"box":{"x":111,"y":967,"width":7,"height":7}},{"id":"cc424663-50fc-4e5d-9c33-c6a7c9c2f648","block_type":"box","text":"ONSOLIDATED","page_number":45,"box":{"x":123,"y":969,"width":93,"height":5}},{"id":"7d09019a-4b7e-40dc-b7f2-2cb8b4b1897f","block_type":"box","text":"F","page_number":45,"box":{"x":229,"y":967,"width":5,"height":7}},{"id":"de94e119-fcc6-48e3-9989-b5b62f22353a","block_type":"box","text":"INANCIAL","page_number":45,"box":{"x":239,"y":969,"width":62,"height":5}},{"id":"9be8cfa9-7f8c-4275-b611-f4bf54a37ca5","block_type":"box","text":"S","page_number":45,"box":{"x":313,"y":967,"width":6,"height":7}},{"id":"da66664c-f992-4a19-96b1-b147aca9f364","block_type":"box","text":"TATEMENTS","page_number":45,"box":{"x":324,"y":969,"width":76,"height":5}},{"id":"4518b1c3-b7fc-42fa-856d-2f7af5138853","block_type":"box","text":"NM0826U-5876566-45/56","page_number":45,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"71882672-c7fa-4741-9150-41d008bd4f9e","block_type":"box","text":"45","page_number":45,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"4e2d03e6-f810-404b-aea3-df5b437750b7","block_type":"box","text":"Commencement","page_number":46,"box":{"x":249,"y":126,"width":80,"height":7}},{"id":"e8f3823b-2749-40d2-ac01-a9d65d25e187","block_type":"box","text":"Date of Tender","page_number":46,"box":{"x":258,"y":138,"width":72,"height":8}},{"id":"51d13594-04cb-484f-9000-e55b26871f36","block_type":"box","text":"Offer Period","page_number":46,"box":{"x":271,"y":151,"width":58,"height":8}},{"id":"d02c395e-901c-402f-bcc8-891d48821f11","block_type":"box","text":"Valuation","page_number":46,"box":{"x":360,"y":139,"width":44,"height":7}},{"id":"e4fc53c7-0a91-417d-a4d0-211961c63cad","block_type":"box","text":"Date","page_number":46,"box":{"x":381,"y":151,"width":23,"height":8}},{"id":"bdceefb8-d3e3-4ca2-bb40-8140e3a03666","block_type":"box","text":"Number of","page_number":46,"box":{"x":435,"y":126,"width":52,"height":7}},{"id":"d67dc0ea-9587-4ef5-bd51-98ad5a5f5ff6","block_type":"box","text":"Shares","page_number":46,"box":{"x":451,"y":138,"width":35,"height":8}},{"id":"96d198cc-6ae7-41e9-97e7-2b6114e55e69","block_type":"box","text":"Tendered","page_number":46,"box":{"x":441,"y":151,"width":45,"height":8}},{"id":"56b84f90-dc99-4828-a6e8-11b03ad692a8","block_type":"box","text":"Tendered","page_number":46,"box":{"x":540,"y":87,"width":45,"height":7}},{"id":"f6d52866-93d2-4958-aae1-ca5fb5c81bc5","block_type":"box","text":"Shares","page_number":46,"box":{"x":550,"y":100,"width":34,"height":7}},{"id":"359debe1-644e-4677-89ee-c4a7b5ad0f18","block_type":"box","text":"as a","page_number":46,"box":{"x":564,"y":115,"width":20,"height":5}},{"id":"6393e2f2-651d-4247-8913-93b767835cbc","block_type":"box","text":"Percentage of","page_number":46,"box":{"x":516,"y":126,"width":70,"height":9}},{"id":"377be873-7a4a-4a51-9cdb-4ac095586ecb","block_type":"box","text":"Outstanding","page_number":46,"box":{"x":526,"y":138,"width":58,"height":10}},{"id":"03bd6936-5f38-43b6-9d25-1fe5f06332ab","block_type":"box","text":"Shares","page_number":46,"box":{"x":550,"y":151,"width":34,"height":8}},{"id":"947f8f21-efa5-41d3-94b4-6abd3bc8d9eb","block_type":"box","text":"Number of","page_number":46,"box":{"x":616,"y":113,"width":53,"height":7}},{"id":"24ff7653-c8c3-462a-9487-0715909bd8f5","block_type":"box","text":"Tendered","page_number":46,"box":{"x":623,"y":126,"width":45,"height":7}},{"id":"765d8834-806c-40e3-b9c6-54e85d317915","block_type":"box","text":"Shares","page_number":46,"box":{"x":633,"y":138,"width":34,"height":8}},{"id":"2ff0c61c-5d29-4ee3-bc07-2b119e15faf7","block_type":"box","text":"Purchased","page_number":46,"box":{"x":615,"y":151,"width":53,"height":8}},{"id":"7e251d70-81fd-4a0b-90f9-83daf3ca7da6","block_type":"box","text":"Tendered","page_number":46,"box":{"x":722,"y":74,"width":45,"height":8}},{"id":"a9a53b82-8971-4712-96d6-0f4f39361a45","block_type":"box","text":"Shares","page_number":46,"box":{"x":732,"y":87,"width":34,"height":7}},{"id":"10373780-9417-441d-abb5-b836e29b3041","block_type":"box","text":"Purchased","page_number":46,"box":{"x":714,"y":100,"width":53,"height":7}},{"id":"b506d80a-637d-4e7d-abdf-d01504d39c96","block_type":"box","text":"as a","page_number":46,"box":{"x":746,"y":115,"width":20,"height":5}},{"id":"9649fde8-960b-4062-931e-2cb4a20aa860","block_type":"box","text":"Percentage of","page_number":46,"box":{"x":698,"y":126,"width":70,"height":9}},{"id":"0a485384-bf0c-4fb4-b5d0-baecaabfa77c","block_type":"box","text":"Outstanding","page_number":46,"box":{"x":708,"y":138,"width":58,"height":10}},{"id":"7c6bb12f-366f-453e-aac2-66cc122d9f3f","block_type":"box","text":"Shares","page_number":46,"box":{"x":732,"y":151,"width":34,"height":8}},{"id":"2d6c1f40-cf81-4691-9eef-aecb6d4687b2","block_type":"box","text":"Purchase","page_number":46,"box":{"x":797,"y":139,"width":46,"height":7}},{"id":"50862d9a-f7de-46f4-a5f4-487134422015","block_type":"box","text":"Price","page_number":46,"box":{"x":818,"y":151,"width":25,"height":8}},{"id":"2db4ce18-135a-4a25-bb20-1f4d93bd1848","block_type":"box","text":"Total","page_number":46,"box":{"x":914,"y":126,"width":22,"height":7}},{"id":"09a03c4d-a4d8-49db-b99c-6a0ccc1be45a","block_type":"box","text":"Amount of","page_number":46,"box":{"x":885,"y":138,"width":52,"height":8}},{"id":"6b7abd9a-30cc-4245-ab11-b69e8c8dd376","block_type":"box","text":"Purchases","page_number":46,"box":{"x":874,"y":151,"width":51,"height":8}},{"id":"b3fc3c76-9494-46c3-8188-e0981041c581","block_type":"box","text":"(a)","page_number":46,"box":{"x":926,"y":150,"width":9,"height":6}},{"id":"4aba501c-db20-4532-9c82-0191e08b17cc","block_type":"box","text":"Class W","page_number":46,"box":{"x":50,"y":168,"width":41,"height":8}},{"id":"1b6dc60f-4469-4107-9c06-30d69c11ab9e","block_type":"box","text":"...........................","page_number":46,"box":{"x":95,"y":175,"width":132,"height":1}},{"id":"3dd6aeb9-20be-4b04-8231-6d6ac9cbefc9","block_type":"box","text":"01/08/26 02/10/26 — —% — —% — —","page_number":46,"box":{"x":286,"y":168,"width":649,"height":8}},{"id":"f9578013-46c8-44eb-a046-7b1117c7d279","block_type":"box","text":"Institutional","page_number":46,"box":{"x":51,"y":181,"width":54,"height":8}},{"id":"8b628f99-6e0f-4f81-8aed-7fb82b144428","block_type":"box","text":"........................","page_number":46,"box":{"x":110,"y":188,"width":117,"height":1}},{"id":"0f5eac52-ab53-4664-b9e7-1e34ab1d805c","block_type":"box","text":"04/08/26 05/08/26 7,196,603 13.89 2,368,402 4.57 8.05 19,065,636","page_number":46,"box":{"x":286,"y":181,"width":649,"height":9}},{"id":"caf82bec-9943-44cc-9d08-9bd0b3878dc0","block_type":"box","text":"Class A","page_number":46,"box":{"x":50,"y":194,"width":37,"height":8}},{"id":"9ec9cac8-4022-4a2d-bdcd-ce120a768ed7","block_type":"box","text":"............................","page_number":46,"box":{"x":90,"y":201,"width":137,"height":1}},{"id":"6f2a3df7-f03d-4674-af5a-40e462b7efeb","block_type":"box","text":"04/08/26 05/08/26 2,493,407 26.36 820,580 8.67 8.09 6,638,494","page_number":46,"box":{"x":286,"y":194,"width":649,"height":9}},{"id":"b99f5eb3-3daf-48c1-8cb8-3d35585f6f11","block_type":"box","text":"Class J","page_number":46,"box":{"x":50,"y":207,"width":35,"height":8}},{"id":"26b157dd-e88c-4ef9-8c41-47de6e5234a2","block_type":"box","text":"............................","page_number":46,"box":{"x":90,"y":213,"width":137,"height":2}},{"id":"cd343026-a007-43a1-bd9e-a44187114e87","block_type":"box","text":"04/08/26 05/08/26 — — — — — —","page_number":46,"box":{"x":286,"y":207,"width":649,"height":8}},{"id":"a27fa5e8-45ae-4d4d-bba3-01203b4e189f","block_type":"box","text":"Class U","page_number":46,"box":{"x":50,"y":220,"width":38,"height":8}},{"id":"667af579-87cc-42c9-a63d-05396af2a83f","block_type":"box","text":"............................","page_number":46,"box":{"x":90,"y":226,"width":137,"height":1}},{"id":"300d9064-12e0-4a5d-b98f-34724a17a540","block_type":"box","text":"04/08/26 05/08/26 528,171 8.95 173,821 2.95 8.06 1,400,998","page_number":46,"box":{"x":286,"y":220,"width":649,"height":9}},{"id":"f701182d-f272-442c-bd9c-bc0fbc7212b7","block_type":"box","text":"Class W","page_number":46,"box":{"x":50,"y":233,"width":41,"height":7}},{"id":"393e1f79-1254-4a4d-8893-e0bddeaafa18","block_type":"box","text":"...........................","page_number":46,"box":{"x":95,"y":239,"width":132,"height":1}},{"id":"dc6a5a04-26fb-4c1b-8a80-ed85b9a8e71d","block_type":"box","text":"04/08/26 05/08/26 — — — — — —","page_number":46,"box":{"x":286,"y":233,"width":649,"height":7}},{"id":"4e80f037-a657-4aaf-a9b4-278117778948","block_type":"box","text":"Repurchase offers results for the year ended December 31, 2025 were as follows:","page_number":46,"box":{"x":31,"y":255,"width":447,"height":11}},{"id":"7c4eb084-1269-417a-8723-401d69796084","block_type":"box","text":"Commencement","page_number":46,"box":{"x":259,"y":331,"width":81,"height":7}},{"id":"014b1f2b-1b73-48b9-a5f0-9eafa6ec87c3","block_type":"box","text":"Date of Tender","page_number":46,"box":{"x":268,"y":344,"width":72,"height":7}},{"id":"07bbb898-17b3-44c2-b53c-f51d1390b166","block_type":"box","text":"Offer Period","page_number":46,"box":{"x":281,"y":357,"width":59,"height":7}},{"id":"46922978-0f4b-4ded-990c-5a09ef7e43ba","block_type":"box","text":"Valuation","page_number":46,"box":{"x":371,"y":344,"width":43,"height":7}},{"id":"5abd9199-5862-4f4a-b1e1-c43896ff8fbe","block_type":"box","text":"Date","page_number":46,"box":{"x":391,"y":357,"width":23,"height":7}},{"id":"0d6f8c5b-219b-4cc6-a28f-ff79eac3a70e","block_type":"box","text":"Number of","page_number":46,"box":{"x":445,"y":331,"width":52,"height":7}},{"id":"85d9f5dc-9018-4d13-bb03-138a7558f490","block_type":"box","text":"Shares","page_number":46,"box":{"x":462,"y":344,"width":34,"height":7}},{"id":"81efbda5-67e9-4c81-8d29-1726e2d0ab20","block_type":"box","text":"Tendered","page_number":46,"box":{"x":452,"y":357,"width":44,"height":7}},{"id":"3c461314-bc94-4281-aa8b-38516882dad1","block_type":"box","text":"Tendered","page_number":46,"box":{"x":550,"y":292,"width":45,"height":8}},{"id":"a64b5913-d45a-4737-942c-3c11bcfb89cc","block_type":"box","text":"Shares","page_number":46,"box":{"x":561,"y":305,"width":34,"height":8}},{"id":"cc0ffbdd-a283-4c15-9472-e2e640b9e610","block_type":"box","text":"as a","page_number":46,"box":{"x":574,"y":320,"width":20,"height":6}},{"id":"ee2d8aa6-ca5e-4c63-8b6b-ac7734950e05","block_type":"box","text":"Percentage of","page_number":46,"box":{"x":527,"y":331,"width":69,"height":9}},{"id":"ad64f721-9401-4bfc-82ea-c82190823fdb","block_type":"box","text":"Outstanding","page_number":46,"box":{"x":536,"y":344,"width":59,"height":9}},{"id":"541ad237-0f2d-4098-b039-cd78819d0e88","block_type":"box","text":"Shares","page_number":46,"box":{"x":561,"y":357,"width":34,"height":7}},{"id":"e69c5b0e-9707-477d-a221-f95d53ecca73","block_type":"box","text":"Number of","page_number":46,"box":{"x":627,"y":318,"width":52,"height":8}},{"id":"29bc9cbb-6dd4-413f-9895-6cb9baaae46c","block_type":"box","text":"Tendered","page_number":46,"box":{"x":633,"y":331,"width":45,"height":7}},{"id":"b5ab4e94-ff58-40d7-b47c-defb86834121","block_type":"box","text":"Shares","page_number":46,"box":{"x":643,"y":344,"width":35,"height":7}},{"id":"9a8e87af-79ff-4f41-a3f8-8efbc091784a","block_type":"box","text":"Purchased","page_number":46,"box":{"x":625,"y":357,"width":53,"height":7}},{"id":"c50dd743-d835-4817-b038-ec915693fcd0","block_type":"box","text":"Tendered","page_number":46,"box":{"x":732,"y":279,"width":45,"height":8}},{"id":"cfc752dd-3dad-4239-9df3-5d1d6eca17d9","block_type":"box","text":"Shares","page_number":46,"box":{"x":742,"y":292,"width":34,"height":8}},{"id":"b7f17d82-b945-4488-9a42-f89b61277da0","block_type":"box","text":"Purchased","page_number":46,"box":{"x":724,"y":305,"width":53,"height":8}},{"id":"df51cee2-9df4-4463-8fdf-a93d60f47870","block_type":"box","text":"as a","page_number":46,"box":{"x":756,"y":320,"width":20,"height":6}},{"id":"6750e58e-2f18-42aa-aa5b-4e1cbbb904df","block_type":"box","text":"Percentage of","page_number":46,"box":{"x":708,"y":331,"width":70,"height":9}},{"id":"5369d764-cae7-40c2-8d52-6b0aafe4ba70","block_type":"box","text":"Outstanding","page_number":46,"box":{"x":718,"y":344,"width":58,"height":9}},{"id":"ae181855-9e7a-43ba-b115-35fa623934f7","block_type":"box","text":"Shares","page_number":46,"box":{"x":742,"y":357,"width":34,"height":7}},{"id":"d29aee08-9bb8-453c-8ef1-e908aec13e98","block_type":"box","text":"Purchase","page_number":46,"box":{"x":807,"y":344,"width":46,"height":7}},{"id":"90b536ff-0c72-43ae-9ca0-0130ca312166","block_type":"box","text":"Price","page_number":46,"box":{"x":829,"y":357,"width":24,"height":7}},{"id":"c4aaccff-075a-4b3a-98eb-02040ec419cc","block_type":"box","text":"Total","page_number":46,"box":{"x":917,"y":331,"width":22,"height":7}},{"id":"756df9ef-f044-4afc-a1f2-9a50dfa6dff2","block_type":"box","text":"Amount of","page_number":46,"box":{"x":888,"y":344,"width":52,"height":7}},{"id":"21e02024-5234-4b28-96f0-2d21b5784888","block_type":"box","text":"Purchases","page_number":46,"box":{"x":887,"y":357,"width":52,"height":7}},{"id":"729023b4-11de-4aad-b61e-0de650a7af64","block_type":"box","text":"Institutional","page_number":46,"box":{"x":51,"y":374,"width":54,"height":7}},{"id":"04ed8dd9-a26c-4e59-8922-1131f91b52c2","block_type":"box","text":"..........................","page_number":46,"box":{"x":110,"y":380,"width":127,"height":1}},{"id":"0de6ea0d-7661-4be8-900b-6d8fd5acf035","block_type":"box","text":"01/08/25 02/07/25 3,273,284 6.04% 3,273,284 6.04% 8.45 27,659,253","page_number":46,"box":{"x":297,"y":374,"width":641,"height":9}},{"id":"b3d9a800-9f4b-4386-9275-dc7c962577a6","block_type":"box","text":"Class A","page_number":46,"box":{"x":50,"y":387,"width":37,"height":7}},{"id":"92f87928-2076-4225-90e4-512a18ca1a10","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":393,"width":147,"height":1}},{"id":"51f6d49c-1ddd-4551-99f9-ec6434eedcd9","block_type":"box","text":"01/08/25 02/07/25 361,019 2.67 361,019 2.67 8.47 3,057,829","page_number":46,"box":{"x":297,"y":387,"width":641,"height":9}},{"id":"67df4be2-37bd-4709-beb6-980ea5dc7aac","block_type":"box","text":"Class J","page_number":46,"box":{"x":50,"y":399,"width":35,"height":8}},{"id":"99c0b8ea-81d8-4eab-b30d-82794809938f","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":406,"width":147,"height":1}},{"id":"b30bf99b-486b-4f11-9dfa-f2a4bcfb5c44","block_type":"box","text":"01/08/25 02/07/25 — — — — — —","page_number":46,"box":{"x":297,"y":399,"width":642,"height":8}},{"id":"266f5cfc-9074-4e0f-a1b3-1e5ff234831f","block_type":"box","text":"Class U","page_number":46,"box":{"x":50,"y":412,"width":38,"height":8}},{"id":"0429405f-5fa6-4aa0-9631-3b98a9d092d9","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":419,"width":147,"height":1}},{"id":"b85a857c-f259-4c5b-a89d-b7bebeac684d","block_type":"box","text":"01/08/25 02/07/25 140,613 2.45 140,613 2.45 8.46 1,189,587","page_number":46,"box":{"x":297,"y":412,"width":641,"height":9}},{"id":"d6f01c3b-5c28-4878-9c1a-fa3bf382cde6","block_type":"box","text":"Class W","page_number":46,"box":{"x":50,"y":425,"width":41,"height":8}},{"id":"0796d509-14d6-435d-bce9-ad022fb35a79","block_type":"box","text":".............................","page_number":46,"box":{"x":95,"y":432,"width":142,"height":1}},{"id":"ecedd339-966d-43fb-a31f-8aca8dd7a7a1","block_type":"box","text":"01/08/25 02/07/25 — — — — — —","page_number":46,"box":{"x":297,"y":425,"width":642,"height":8}},{"id":"676e4036-2f03-4a12-b459-0f152457606e","block_type":"box","text":"Institutional","page_number":46,"box":{"x":51,"y":438,"width":54,"height":8}},{"id":"57bfcc65-7d73-4e05-8fe1-003f6bdaaa79","block_type":"box","text":"..........................","page_number":46,"box":{"x":110,"y":444,"width":127,"height":2}},{"id":"80864d5e-43a8-49b3-99e1-ca84afd00b7e","block_type":"box","text":"04/08/25 05/08/25 3,014,274 5.56 3,014,274 5.56 8.30 25,018,471","page_number":46,"box":{"x":297,"y":438,"width":639,"height":9}},{"id":"98a661bc-285b-45a2-bf95-085f661d85fa","block_type":"box","text":"Class A","page_number":46,"box":{"x":50,"y":451,"width":37,"height":8}},{"id":"b4ce6d13-aad6-44b1-a998-9174e246bdc8","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":457,"width":147,"height":2}},{"id":"f4d508e4-369b-4b55-b591-c7504312ebea","block_type":"box","text":"04/08/25 05/08/25 1,021,896 7.49 1,025,315 7.49 8.33 8,540,981","page_number":46,"box":{"x":297,"y":451,"width":639,"height":9}},{"id":"8e1d774e-adfe-42c1-9c4a-2bd90301d5af","block_type":"box","text":"Class J","page_number":46,"box":{"x":50,"y":464,"width":35,"height":8}},{"id":"c3a7f23e-0a11-42b5-9ab4-7399cd812887","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":470,"width":147,"height":1}},{"id":"3ac30e15-6d81-4d32-83eb-b6f68868f950","block_type":"box","text":"04/08/25 05/08/25 — — — — — —","page_number":46,"box":{"x":297,"y":464,"width":642,"height":8}},{"id":"de5fc569-ee6a-4959-8d2b-2b66ab0afc95","block_type":"box","text":"Class U","page_number":46,"box":{"x":50,"y":477,"width":38,"height":7}},{"id":"b7953fba-8b2d-4718-991d-151be5856c7e","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":483,"width":147,"height":1}},{"id":"93b0cc1b-af53-4574-8a9e-40d512e2a706","block_type":"box","text":"04/08/25 05/08/25 200,873 3.38 200,873 3.38 8.31 1,669,257","page_number":46,"box":{"x":297,"y":477,"width":641,"height":9}},{"id":"862efdb6-860a-4ee0-9e08-3740a18bc3c9","block_type":"box","text":"Class W","page_number":46,"box":{"x":50,"y":490,"width":41,"height":7}},{"id":"8467181c-9fe6-4339-b380-5775089f2697","block_type":"box","text":".............................","page_number":46,"box":{"x":95,"y":496,"width":142,"height":1}},{"id":"049154e3-68c4-4eea-af99-7b23aa8e64a9","block_type":"box","text":"04/08/25 05/08/25 — — — — — —","page_number":46,"box":{"x":297,"y":490,"width":642,"height":7}},{"id":"d1aa886f-846a-44e4-886d-fc922d7ccd29","block_type":"box","text":"Institutional","page_number":46,"box":{"x":51,"y":503,"width":54,"height":7}},{"id":"7a9e4414-45e3-4c7a-8d80-13e372f92685","block_type":"box","text":"..........................","page_number":46,"box":{"x":110,"y":509,"width":127,"height":1}},{"id":"4d8f9120-0bf7-4803-b26d-afde47388af1","block_type":"box","text":"07/08/25 08/07/25 3,976,856 7.38 3,976,856 7.38 8.35 33,206,745","page_number":46,"box":{"x":297,"y":503,"width":641,"height":9}},{"id":"1305ac7d-01ec-4420-b7e7-0ca6440536ea","block_type":"box","text":"Class A","page_number":46,"box":{"x":50,"y":515,"width":37,"height":8}},{"id":"dba4c71e-b64a-47bf-bd29-bb3b13252683","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":522,"width":147,"height":1}},{"id":"cdb87427-a92b-4ec3-afa6-93ee4549fb7c","block_type":"box","text":"07/08/25 08/07/25 867,663 6.68 869,396 6.68 8.38 7,286,192","page_number":46,"box":{"x":297,"y":515,"width":641,"height":9}},{"id":"f12ab23b-53dc-4249-900d-4c2f2f948765","block_type":"box","text":"Class J","page_number":46,"box":{"x":50,"y":528,"width":35,"height":8}},{"id":"73c154c0-1c88-45b7-abb6-909957563da9","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":535,"width":147,"height":1}},{"id":"2e23bc2a-45f1-4062-a524-e10dd516480a","block_type":"box","text":"07/08/25 08/07/25 — — — — — —","page_number":46,"box":{"x":297,"y":528,"width":642,"height":8}},{"id":"3dabea7e-27f9-4723-a332-c0d39a5308e7","block_type":"box","text":"Class U","page_number":46,"box":{"x":50,"y":541,"width":38,"height":8}},{"id":"d4c966ae-5b92-45e7-85f4-028a6d7fdf12","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":548,"width":147,"height":1}},{"id":"b07cbb86-0adc-42a9-a441-c83f18a11c86","block_type":"box","text":"07/08/25 08/07/25 234,915 3.87 234,915 3.87 8.36 1,963,890","page_number":46,"box":{"x":297,"y":541,"width":641,"height":9}},{"id":"459463be-b652-4569-8f01-10a0259f22da","block_type":"box","text":"Class W","page_number":46,"box":{"x":50,"y":554,"width":41,"height":8}},{"id":"a11cce95-7007-4c50-9f71-69165cbcb5d2","block_type":"box","text":".............................","page_number":46,"box":{"x":95,"y":560,"width":142,"height":2}},{"id":"f3f2e005-6356-487f-9db1-7a874e273063","block_type":"box","text":"07/08/25 08/07/25 — — — — — —","page_number":46,"box":{"x":297,"y":554,"width":642,"height":8}},{"id":"d3f37a8c-07f2-4423-88e6-a4036cb8d535","block_type":"box","text":"Institutional","page_number":46,"box":{"x":51,"y":567,"width":54,"height":8}},{"id":"85be9fdf-1b69-4dc7-922d-edb1dab52d37","block_type":"box","text":"..........................","page_number":46,"box":{"x":110,"y":573,"width":127,"height":2}},{"id":"08051a95-c052-4a42-a29d-59e1848992ba","block_type":"box","text":"10/07/25 11/06/25 4,300,413 8.17 2,726,892 5.18 8.31 22,660,470","page_number":46,"box":{"x":297,"y":567,"width":641,"height":9}},{"id":"4dd15110-19d1-4275-bb7c-c323b15349c1","block_type":"box","text":"Class A","page_number":46,"box":{"x":50,"y":580,"width":37,"height":8}},{"id":"a5bd38a2-c6b9-45c8-85f1-061f0c439950","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":586,"width":147,"height":1}},{"id":"b7d1aa94-8dd1-4776-940e-be75382ce4af","block_type":"box","text":"10/07/25 11/06/25 3,336,031 26.29 2,115,378 16.67 8.35 17,663,403","page_number":46,"box":{"x":297,"y":580,"width":641,"height":9}},{"id":"05c23a87-d221-4845-b110-01bbeabc246c","block_type":"box","text":"Class J","page_number":46,"box":{"x":50,"y":593,"width":35,"height":7}},{"id":"d95a5e70-1553-48ff-bcd7-4e07c0c21725","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":599,"width":147,"height":1}},{"id":"9faf467c-0039-48e8-81d1-bec5f0bdb167","block_type":"box","text":"10/07/25 11/06/25 — — — — — —","page_number":46,"box":{"x":297,"y":593,"width":642,"height":7}},{"id":"19628401-9c7e-4dc8-bd79-b77478e14e51","block_type":"box","text":"Class U","page_number":46,"box":{"x":50,"y":606,"width":38,"height":7}},{"id":"7fa58093-35c7-44b6-a6e0-884ecf036327","block_type":"box","text":"..............................","page_number":46,"box":{"x":90,"y":612,"width":147,"height":1}},{"id":"826e6485-9d36-4dc2-88c5-813d46a5a3ac","block_type":"box","text":"10/07/25 11/06/25 246,710 4.11 156,439 2.61 8.32 1,301,570","page_number":46,"box":{"x":297,"y":606,"width":641,"height":9}},{"id":"b01e6652-6de4-4dd1-b0ea-b5092af2dc6b","block_type":"box","text":"Class W","page_number":46,"box":{"x":50,"y":619,"width":41,"height":7}},{"id":"4163d97e-ab38-4fc0-a730-a625df1dd3dc","block_type":"box","text":".............................","page_number":46,"box":{"x":95,"y":625,"width":142,"height":1}},{"id":"6822b1a1-ac2f-4c95-956d-65d4502ed892","block_type":"box","text":"10/07/25 11/06/25 — — — — — —","page_number":46,"box":{"x":297,"y":619,"width":642,"height":7}},{"id":"717ee59b-bcb1-427e-981f-889e10c9980d","block_type":"box","text":"(a)","page_number":46,"box":{"x":50,"y":644,"width":9,"height":6}},{"id":"33abe18c-d25b-46e8-8291-81443734de75","block_type":"box","text":"Amounts are net of early repurchase fees, if any.","page_number":46,"box":{"x":67,"y":645,"width":236,"height":10}},{"id":"01b0a0a4-1d13-4e65-b8d6-29327f12ee98","block_type":"box","text":"The amount of the repurchase offers is shown as redemptions of shares resulting from repurchase offers in the Consolidated Statements of Changes in Ne","page_number":46,"box":{"x":30,"y":663,"width":847,"height":11}},{"id":"97d3996f-99db-4fe4-b0d8-64db4a6b04cd","block_type":"box","text":"t Assets.","page_number":46,"box":{"x":878,"y":663,"width":45,"height":9}},{"id":"011a7537-76ef-4822-b200-bcb31b6b3849","block_type":"box","text":"As of June 30, 2026, shares owned by BlackRock Financial Management, Inc., an affiliate of the Fund, were as follows:","page_number":46,"box":{"x":30,"y":688,"width":652,"height":10}},{"id":"fa4bc4b8-6dd5-46ca-a18c-d67e6d194d59","block_type":"box","text":"Fund Name","page_number":46,"box":{"x":50,"y":712,"width":57,"height":7}},{"id":"2473b43b-3998-4451-b0f7-35b31387953d","block_type":"box","text":"Institutional Class A Class J Class U Class W","page_number":46,"box":{"x":620,"y":711,"width":330,"height":8}},{"id":"19ed423a-191c-4e7e-8bc8-ebeeb9d47093","block_type":"box","text":"BlackRock HPS Credit Strategies Fund","page_number":46,"box":{"x":51,"y":729,"width":189,"height":9}},{"id":"fca392e8-99f0-4731-a743-983095d55e47","block_type":"box","text":".....................................................................","page_number":46,"box":{"x":244,"y":735,"width":344,"height":1}},{"id":"371251b6-da93-462a-8b34-ef4c5da00dbb","block_type":"box","text":"9,800,000 58,962 57,937 23,787 23,787","page_number":46,"box":{"x":626,"y":729,"width":322,"height":8}},{"id":"2281d0f4-d6cd-4f91-9d02-15146ea1846e","block_type":"box","text":"12. SUBSEQUENT EVENTS","page_number":46,"box":{"x":32,"y":756,"width":203,"height":12}},{"id":"76cfd78d-78b4-427f-b63b-bb69f9140221","block_type":"box","text":"Management’s evaluation of the impact of all subsequent events on the Fund’s consolidated financial statements was completed through the date the co","page_number":46,"box":{"x":31,"y":788,"width":832,"height":11}},{"id":"5cf01037-0a46-4c09-968e-59faa930cbe4","block_type":"box","text":"nsolidated financial","page_number":46,"box":{"x":865,"y":788,"width":103,"height":8}},{"id":"2dd4dc59-b486-4cd6-878f-dfeb8c1b82f6","block_type":"box","text":"statements were issued and the following items were noted:","page_number":46,"box":{"x":30,"y":802,"width":327,"height":11}},{"id":"52b3e3c6-c114-4b86-a02a-0519ad4bf3e8","block_type":"box","text":"Effective July 6, 2026, the credit agreement was amended to (i) decrease the aggregate commitment amount to $125 million, (ii) decrease the maximum co","page_number":46,"box":{"x":31,"y":826,"width":839,"height":11}},{"id":"533d7c6e-2f26-440b-861d-7b9356a6f130","block_type":"box","text":"mmitment amount","page_number":46,"box":{"x":871,"y":827,"width":98,"height":8}},{"id":"740d13f6-17f6-48f8-bee5-5c49e61fb59f","block_type":"box","text":"to $400 million, and (iii) extend the termination date to September 30, 2027. The Fund paid an upfront commitment fee of 0.10% on the total commitment am","page_number":46,"box":{"x":30,"y":840,"width":851,"height":12}},{"id":"0ee0b6d5-a065-4ba5-8a86-9c87f802c917","block_type":"box","text":"ount, in addition","page_number":46,"box":{"x":882,"y":841,"width":86,"height":10}},{"id":"18bfcf4d-c511-4923-bc0f-aa52334d79b8","block_type":"box","text":"to legal fees.","page_number":46,"box":{"x":30,"y":855,"width":69,"height":11}},{"id":"b80f2afa-53f2-4123-aba2-735e4ea79e74","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":46,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"37792b3d-b453-450d-aae8-f33e2c0aafe6","block_type":"box","text":"(unaudited) (continued)","page_number":46,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"9ee767c4-6c88-418c-ad32-d553ba46e602","block_type":"box","text":"46","page_number":46,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"d9eb95d9-0659-4dfd-801b-5879a2b93573","block_type":"box","text":"2026","page_number":46,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"78e9b6bf-0ba3-4d8a-ad58-a7f79ea84a7e","block_type":"box","text":"B","page_number":46,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"28360b4d-8809-4e21-8802-9f9ef270892d","block_type":"box","text":"LACK","page_number":46,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"fefd66e3-552f-4b81-b5df-a8b074374303","block_type":"box","text":"R","page_number":46,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"0c911f01-b9d0-4d60-bfec-63d0849f39fc","block_type":"box","text":"OCK","page_number":46,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"9a4a281c-0b64-4abe-96f9-6d824778b723","block_type":"box","text":"S","page_number":46,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"9419fa8e-c7f7-443b-96f2-f2d2afef7d5a","block_type":"box","text":"EMI","page_number":46,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"8eba59bc-3844-4836-bdd4-121ca75e7a35","block_type":"box","text":"-A","page_number":46,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"044391c6-81ef-4932-b542-391269475036","block_type":"box","text":"NNUAL","page_number":46,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"bd121529-32cc-4908-a968-e16e5523f435","block_type":"box","text":"NM0826U-5876566-46/56 R EPORT TO S HARE","page_number":46,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"4838bf40-9800-4917-b3c4-4f6a5cb19028","block_type":"box","text":"NM\r\nR","page_number":46,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"e7b1cee4-8fb6-464f-89b8-9e3782bfb600","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":46,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"58577a2f-dd93-4aa6-9035-d42e74be681f","block_type":"box","text":"66\r\nS","page_number":46,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"13b60fe3-b9c5-4907-bf9e-f186570f264b","block_type":"box","text":"-46/56 \r\nHAREHOLDERS","page_number":46,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"7171750a-a63d-4e81-9506-a2823d2874fb","block_type":"box","text":"The Fund conducted a quarterly repurchase offer for up to 5% of its issued and outstanding common shares. The results of the Fund’s repurchase offer wer","page_number":47,"box":{"x":30,"y":69,"width":852,"height":11}},{"id":"2b31020e-69d9-43cb-8017-b97eb14a8629","block_type":"box","text":"e as follows:","page_number":47,"box":{"x":882,"y":69,"width":67,"height":9}},{"id":"0902823a-6fdd-41f5-8755-4d285764600c","block_type":"box","text":"Commencement","page_number":47,"box":{"x":250,"y":158,"width":80,"height":7}},{"id":"da1dd75a-d08c-4260-b352-47f6d95fa4e6","block_type":"box","text":"Date","page_number":47,"box":{"x":307,"y":171,"width":23,"height":7}},{"id":"c4cc8935-5ec2-49c2-960e-52e8d1923629","block_type":"box","text":"Valuation","page_number":47,"box":{"x":361,"y":158,"width":44,"height":7}},{"id":"9081a1a1-746d-478f-80a1-e6c2e3764a6c","block_type":"box","text":"Date","page_number":47,"box":{"x":382,"y":171,"width":23,"height":7}},{"id":"3269053f-24b6-4261-8fab-888ff1ff12a7","block_type":"box","text":"Number of","page_number":47,"box":{"x":436,"y":145,"width":52,"height":7}},{"id":"8e18e11c-2f92-4f34-9886-1d8308dc9228","block_type":"box","text":"Shares","page_number":47,"box":{"x":453,"y":158,"width":34,"height":7}},{"id":"d8d9ca9f-1b91-43a9-9bc1-fe118239a929","block_type":"box","text":"Tendered","page_number":47,"box":{"x":442,"y":171,"width":45,"height":7}},{"id":"c78044f7-2628-4c8e-8735-3be68bf5e02f","block_type":"box","text":"Tendered","page_number":47,"box":{"x":541,"y":106,"width":45,"height":8}},{"id":"f772cf38-de5f-4a2f-a4aa-8141bd9c3cd3","block_type":"box","text":"Shares","page_number":47,"box":{"x":551,"y":119,"width":35,"height":8}},{"id":"420670f0-7b7c-4f7f-9955-4c7e745e9f2c","block_type":"box","text":"as a","page_number":47,"box":{"x":565,"y":134,"width":20,"height":6}},{"id":"230ce427-aed5-4a57-a1a5-c9ad27c95f38","block_type":"box","text":"Percentage of","page_number":47,"box":{"x":517,"y":145,"width":70,"height":9}},{"id":"3fe4d9ab-d9f5-480c-aece-b5ef0889cd5c","block_type":"box","text":"Outstanding","page_number":47,"box":{"x":527,"y":158,"width":59,"height":9}},{"id":"a9092af9-6c5b-4446-a246-e7924bc78bf5","block_type":"box","text":"Shares","page_number":47,"box":{"x":551,"y":171,"width":35,"height":7}},{"id":"7c085c21-5ace-4e9e-b719-a5725e6bd432","block_type":"box","text":"Number of","page_number":47,"box":{"x":618,"y":132,"width":52,"height":8}},{"id":"b6079285-8f33-420c-8cee-9789ae65f2d3","block_type":"box","text":"Tendered","page_number":47,"box":{"x":624,"y":145,"width":45,"height":7}},{"id":"795ad29c-ae8e-423b-8b30-9e94037521f7","block_type":"box","text":"Shares","page_number":47,"box":{"x":634,"y":158,"width":34,"height":7}},{"id":"26c812c5-ddf7-4371-9e29-a7a25f8f6e63","block_type":"box","text":"Purchased","page_number":47,"box":{"x":616,"y":171,"width":53,"height":7}},{"id":"c98715b8-c2c7-412e-a175-80d4c57b4849","block_type":"box","text":"Tendered","page_number":47,"box":{"x":723,"y":93,"width":45,"height":8}},{"id":"8b0c104d-f21c-4133-9b43-546e4ea2dc47","block_type":"box","text":"Shares","page_number":47,"box":{"x":733,"y":106,"width":34,"height":8}},{"id":"50083935-39cc-4174-9d8d-e525f28b7e2a","block_type":"box","text":"Purchased","page_number":47,"box":{"x":715,"y":119,"width":53,"height":8}},{"id":"68909d9a-5dd5-4da8-91ab-943d3c4ad232","block_type":"box","text":"as a","page_number":47,"box":{"x":747,"y":134,"width":20,"height":6}},{"id":"940bd5ce-940e-4d8a-9500-e3ad46c6fdad","block_type":"box","text":"Percentage of","page_number":47,"box":{"x":699,"y":145,"width":70,"height":9}},{"id":"83c7a53d-9ad5-4e22-8213-ba8ba3007121","block_type":"box","text":"Outstanding","page_number":47,"box":{"x":709,"y":158,"width":58,"height":9}},{"id":"88fa1efb-346a-4d30-9d5d-0c8868cbde3b","block_type":"box","text":"Shares","page_number":47,"box":{"x":733,"y":171,"width":34,"height":7}},{"id":"f99f027c-6557-4356-b230-fbea41c56c50","block_type":"box","text":"Purchase","page_number":47,"box":{"x":798,"y":158,"width":46,"height":7}},{"id":"ba7e2385-1eb6-4298-929b-b2060163d8f9","block_type":"box","text":"Price","page_number":47,"box":{"x":819,"y":171,"width":25,"height":7}},{"id":"f7dd1acc-bbd9-4cb6-b36e-2be96d0c5800","block_type":"box","text":"Total","page_number":47,"box":{"x":917,"y":145,"width":22,"height":7}},{"id":"16a90cff-ed1e-4786-aaeb-52501c0c417f","block_type":"box","text":"Amount of","page_number":47,"box":{"x":888,"y":158,"width":52,"height":7}},{"id":"8b808048-bef5-4fec-b0af-66557d16c8f5","block_type":"box","text":"Purchases","page_number":47,"box":{"x":887,"y":171,"width":52,"height":7}},{"id":"da6be5c0-22d5-41ca-87e7-20d358af838f","block_type":"box","text":"Institutional","page_number":47,"box":{"x":51,"y":188,"width":54,"height":7}},{"id":"7f1234ca-c068-4e56-97af-f06ab4978154","block_type":"box","text":"........................","page_number":47,"box":{"x":111,"y":194,"width":117,"height":1}},{"id":"f2d098d7-38e8-42dd-b97a-0fcb40cb1f62","block_type":"box","text":"07/08/26 08/07/26 9,403,442 17.87% 2,584,065 4.91% $ 8.01 $ 20,698,364","page_number":47,"box":{"x":287,"y":187,"width":651,"height":10}},{"id":"daf9afce-d320-4504-b63a-015417bec38b","block_type":"box","text":"Class A","page_number":47,"box":{"x":50,"y":201,"width":37,"height":7}},{"id":"abceb85f-4b93-4c3d-a091-4585a511ba5a","block_type":"box","text":"............................","page_number":47,"box":{"x":91,"y":207,"width":137,"height":1}},{"id":"47d426a2-042e-417a-9bf2-aa781f9e1999","block_type":"box","text":"07/08/26 08/07/26 2,365,947 26.92 650,162 7.40 8.05 5,233,806","page_number":47,"box":{"x":287,"y":201,"width":651,"height":9}},{"id":"6dc25c90-3c73-4259-ad5a-897f9389e4c1","block_type":"box","text":"Class J","page_number":47,"box":{"x":50,"y":213,"width":35,"height":8}},{"id":"3559aff9-5d4b-43c5-9336-19b5ac4a6ba8","block_type":"box","text":"............................","page_number":47,"box":{"x":91,"y":220,"width":137,"height":1}},{"id":"18708caa-44e8-4931-a946-8e2692319f4f","block_type":"box","text":"07/08/26 08/07/26 — — — — — —","page_number":47,"box":{"x":287,"y":213,"width":652,"height":8}},{"id":"5325d7a8-1c55-49e1-bf8f-5a52794a996c","block_type":"box","text":"Class U","page_number":47,"box":{"x":50,"y":226,"width":38,"height":8}},{"id":"c76c74b5-4404-4967-88af-f1bc59521a16","block_type":"box","text":"............................","page_number":47,"box":{"x":91,"y":233,"width":137,"height":1}},{"id":"2a6b7740-8c21-4454-b7ea-bf2c14100e72","block_type":"box","text":"07/08/26 08/07/26 479,341 8.21 131,723 2.26 8.02 1,056,418","page_number":47,"box":{"x":287,"y":226,"width":651,"height":9}},{"id":"5dd1c692-d91f-4f2f-bb0a-446da58c08a6","block_type":"box","text":"Class W","page_number":47,"box":{"x":50,"y":239,"width":41,"height":8}},{"id":"b368a144-0aef-47b7-9ab4-cffb1929bfef","block_type":"box","text":"...........................","page_number":47,"box":{"x":96,"y":246,"width":132,"height":1}},{"id":"3a332464-791d-4298-b054-b373dd01df8e","block_type":"box","text":"07/08/26 08/07/26 — — — — — —","page_number":47,"box":{"x":287,"y":239,"width":652,"height":8}},{"id":"6bec3890-e2a5-469b-84ce-93912fa865e9","block_type":"box","text":"Notes to Consolidated Financial Statements","page_number":47,"box":{"x":31,"y":28,"width":373,"height":13}},{"id":"157cc2d5-1db6-4f69-93cd-deb45e81f9de","block_type":"box","text":"(unaudited) (continued)","page_number":47,"box":{"x":411,"y":32,"width":130,"height":11}},{"id":"0dbe74be-3e55-4c3b-a7c1-556d184c1317","block_type":"box","text":"N","page_number":47,"box":{"x":31,"y":967,"width":6,"height":7}},{"id":"3204489e-3947-4a23-a70a-17459c4ce1fe","block_type":"box","text":"OTES TO","page_number":47,"box":{"x":42,"y":969,"width":57,"height":5}},{"id":"1b3ba378-b588-457c-a8f9-f070b280df97","block_type":"box","text":"C","page_number":47,"box":{"x":111,"y":967,"width":7,"height":7}},{"id":"6e435e41-2277-478a-9114-59a7fb37064a","block_type":"box","text":"ONSOLIDATED","page_number":47,"box":{"x":123,"y":969,"width":93,"height":5}},{"id":"5452fcc1-b9b0-4c38-ba12-efd4da7e8849","block_type":"box","text":"F","page_number":47,"box":{"x":229,"y":967,"width":5,"height":7}},{"id":"826d0c57-41f5-494c-aeef-f699ebc3be6d","block_type":"box","text":"INANCIAL","page_number":47,"box":{"x":239,"y":969,"width":62,"height":5}},{"id":"8abaffcb-eb99-450f-b3f5-ae0c184a6f33","block_type":"box","text":"S","page_number":47,"box":{"x":313,"y":967,"width":6,"height":7}},{"id":"d2b93842-e555-4b20-a382-46c352badead","block_type":"box","text":"TATEMENTS","page_number":47,"box":{"x":324,"y":969,"width":76,"height":5}},{"id":"2648da94-7ea1-438b-bb52-98ec8669f689","block_type":"box","text":"NM0826U-5876566-47/56","page_number":47,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"9f44da95-7738-4426-9fc5-75d9dfb710f3","block_type":"box","text":"47","page_number":47,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"31507c47-6dc0-4d2b-93ae-1a376dad0b96","block_type":"box","text":"The Board of Trustees (the “Board,” the members of which are referred to as “Board Members”) of BlackRock HPS Credit Strategies Fund (the “Fund”) met on","page_number":48,"box":{"x":30,"y":69,"width":845,"height":11}},{"id":"10d27eeb-2415-40e1-bf24-d2310901531a","block_type":"box","text":"May 7, 2026 (the","page_number":48,"box":{"x":880,"y":69,"width":89,"height":11}},{"id":"b4f75415-9f2c-4134-8047-913f10c9bb14","block_type":"box","text":"“May Meeting”) and June 3, 2026 (the “June Meeting”) to consider the approval to continue the investment advisory agreement (the “Advisory Agreement","page_number":48,"box":{"x":30,"y":84,"width":829,"height":11}},{"id":"d4442345-4120-462d-8767-871bebb11782","block_type":"box","text":"”) between the Fund","page_number":48,"box":{"x":860,"y":84,"width":109,"height":11}},{"id":"c6b0a750-dc89-4b3d-801d-cc0f17e4796e","block_type":"box","text":"and BlackRock Advisors, LLC (the “Manager”), the Fund’s investment advisor. The Board also considered the approval to continue the sub-advisory agr","page_number":48,"box":{"x":30,"y":98,"width":833,"height":11}},{"id":"a8145e48-5f4d-4c3b-aa0d-b4c8acc56ce8","block_type":"box","text":"eements (the “Sub","page_number":48,"box":{"x":864,"y":98,"width":105,"height":11}},{"id":"83f5e48c-fe0f-4c07-b6db-b71a81a74021","block_type":"box","text":"Advisory Agreements”) between (1) the Manager, BlackRock International Limited (“BIL”) and the Fund, (2) the Manager, BlackRock (Singapore) Limit","page_number":48,"box":{"x":30,"y":112,"width":808,"height":11}},{"id":"120ea557-0a7f-4767-8fc7-f6652d14787a","block_type":"box","text":"ed (“BSL”) and the Fund","page_number":48,"box":{"x":839,"y":112,"width":130,"height":11}},{"id":"61be1b5e-6227-4208-9e57-2bae0eaced2d","block_type":"box","text":"and (3) the Manager, BlackRock Capital Investment Advisors, LLC (“BCIA” and collectively with BIL and BSL, the “Sub-Advisors”) and the Fund. The Mana","page_number":48,"box":{"x":30,"y":126,"width":874,"height":11}},{"id":"7626f0cd-45a0-44f6-9f0d-7f1ce9441c42","block_type":"box","text":"ger and the","page_number":48,"box":{"x":905,"y":126,"width":64,"height":11}},{"id":"8171169e-ba41-43cb-b7a7-27740c4ed117","block_type":"box","text":"Sub-Advisors are referred to herein as “BlackRock.” The Advisory Agreement and the Sub-Advisory Agreements are referred to herein as the “Agreement","page_number":48,"box":{"x":30,"y":140,"width":839,"height":11}},{"id":"5e0e57aa-d966-40cc-88d0-bc6168603063","block_type":"box","text":"s.”","page_number":48,"box":{"x":869,"y":141,"width":13,"height":8}},{"id":"80da0eb1-f688-4f40-9257-d3a1604d16bb","block_type":"box","text":"The Approval Process","page_number":48,"box":{"x":30,"y":165,"width":129,"height":11}},{"id":"39b54968-2905-41f3-a87f-7e89c864fd7d","block_type":"box","text":"Consistent with the requirements of the Investment Company Act of 1940 (the “1940 Act”), the Board considers the approval of the continuation of the Ag","page_number":48,"box":{"x":30,"y":189,"width":814,"height":11}},{"id":"4de95a84-3fa7-404b-b4a8-af9570d20479","block_type":"box","text":"reements on an annual","page_number":48,"box":{"x":846,"y":189,"width":123,"height":9}},{"id":"5c6a4b0c-9ee5-4978-b9dc-94938743937b","block_type":"box","text":"basis. The Board Members who are not “interested persons” of the Fund, as defined in the 1940 Act, are considered independent Board Members (the “Indep","page_number":48,"box":{"x":31,"y":204,"width":863,"height":10}},{"id":"1a3c7707-7684-4309-a38a-8ad07617dc3a","block_type":"box","text":"endent Board","page_number":48,"box":{"x":895,"y":204,"width":74,"height":8}},{"id":"8cafb1cf-116e-41b7-99d6-cd5163141da0","block_type":"box","text":"Members”). The Board’s consideration entailed a year-long deliberative process during which the Board and its committees assessed BlackRock’s var","page_number":48,"box":{"x":31,"y":218,"width":831,"height":11}},{"id":"ed17167c-c76a-4b84-ab7c-8893b76e88fe","block_type":"box","text":"ious services to the","page_number":48,"box":{"x":862,"y":218,"width":107,"height":8}},{"id":"b05392f1-fade-4368-8879-077f931c1ebc","block_type":"box","text":"Fund, including through the review of written materials and oral presentations, and the review of additional information provided in response to req","page_number":48,"box":{"x":31,"y":232,"width":788,"height":11}},{"id":"b6c509e6-426c-4782-a221-635873b05f2a","block_type":"box","text":"uests from the Independent","page_number":48,"box":{"x":821,"y":232,"width":148,"height":11}},{"id":"fe7df771-17e8-4632-ae82-4eee926eb322","block_type":"box","text":"Board Members. The Board had four quarterly meetings during the year, as well as numerous ad hoc meetings and executive sessions throughout the year, a","page_number":48,"box":{"x":31,"y":246,"width":859,"height":11}},{"id":"62e4a32e-4c68-4f06-a260-98898f8d0701","block_type":"box","text":"s needed. The","page_number":48,"box":{"x":891,"y":246,"width":78,"height":9}},{"id":"4bd385e5-58cd-4c53-8d0b-c3ba4cd2aaec","block_type":"box","text":"committees of the Board similarly met throughout the year. The Board also held the May Meeting to consider specific information regarding the renewal","page_number":48,"box":{"x":30,"y":260,"width":818,"height":11}},{"id":"0a380438-ea35-47b2-a7c1-cc91144f6a43","block_type":"box","text":"of the Agreements. In","page_number":48,"box":{"x":853,"y":260,"width":116,"height":11}},{"id":"dc6e9936-7316-4d79-a0e3-0afa17850e17","block_type":"box","text":"considering the renewal of the Agreements, the Board assessed, among other things, the nature, extent and quality of the services provided to the Fund","page_number":48,"box":{"x":30,"y":274,"width":854,"height":11}},{"id":"c1b179bb-a4b1-47a4-8697-f0f61e1afece","block_type":"box","text":"by BlackRock,","page_number":48,"box":{"x":891,"y":275,"width":77,"height":10}},{"id":"d590957a-7b62-4fda-b176-187996c45dec","block_type":"box","text":"BlackRock’s personnel and affiliates, including (as applicable): investment management services; accounting oversight; administrative and sha","page_number":48,"box":{"x":31,"y":289,"width":774,"height":10}},{"id":"7ed23649-7534-4cd7-8e10-7723a1a1162f","block_type":"box","text":"reholder services; oversight of","page_number":48,"box":{"x":806,"y":289,"width":164,"height":10}},{"id":"d08c149a-4831-463e-94c8-9feae244bb1b","block_type":"box","text":"the Fund’s service providers; risk management and oversight; and legal, regulatory and compliance services. Throughout the year, including during","page_number":48,"box":{"x":30,"y":303,"width":821,"height":11}},{"id":"68c524ea-8f0f-4628-88ad-70abb1c100f9","block_type":"box","text":"the contract renewal","page_number":48,"box":{"x":856,"y":303,"width":113,"height":8}},{"id":"89683a88-6ccf-4b7c-a068-d16581ea7fd7","block_type":"box","text":"process, the Independent Board Members were advised by independent legal counsel, and met with independent legal counsel in various executive sessi","page_number":48,"box":{"x":31,"y":317,"width":839,"height":11}},{"id":"81527da0-dc79-45d3-8cb5-09cc85e573b6","block_type":"box","text":"ons outside of the","page_number":48,"box":{"x":872,"y":317,"width":97,"height":9}},{"id":"43216bee-303d-459b-8bbf-a368acc953af","block_type":"box","text":"presence of BlackRock’s management.","page_number":48,"box":{"x":31,"y":331,"width":213,"height":11}},{"id":"3d9bd630-1253-45a9-a9c7-5b8777c34861","block_type":"box","text":"During the year, the Board, acting directly and through its committees, considered information that was relevant to its annual consideration of the r","page_number":48,"box":{"x":31,"y":356,"width":792,"height":11}},{"id":"e37c4530-e186-4fe9-88ba-d36468b5ed57","block_type":"box","text":"enewal of the Agreements,","page_number":48,"box":{"x":824,"y":356,"width":144,"height":11}},{"id":"44c2f4d4-d5f2-4640-a932-2b925b9a2344","block_type":"box","text":"including the services and support provided by BlackRock to the Fund and its shareholders. BlackRock also provided additional information to the Boa","page_number":48,"box":{"x":31,"y":370,"width":804,"height":11}},{"id":"dbb2c14d-0340-429d-9f32-b3a6033478be","block_type":"box","text":"rd in response to specific","page_number":48,"box":{"x":836,"y":370,"width":133,"height":11}},{"id":"9ec3d6d2-d9e1-43fd-b5a4-66e684b18996","block_type":"box","text":"questions and requests from the Board. Among the matters the Board considered were: (a) investment performance for one-year, three-year, five-year","page_number":48,"box":{"x":30,"y":384,"width":814,"height":11}},{"id":"2b694935-e87b-4706-b3b6-034c0d590bcb","block_type":"box","text":", and/or since inception","page_number":48,"box":{"x":844,"y":384,"width":125,"height":11}},{"id":"5647cd13-e591-49b5-8385-5076ea12bbcf","block_type":"box","text":"periods, as applicable, against peer funds, relevant benchmarks, and other performance metrics, as applicable, as well as BlackRock senior managem","page_number":48,"box":{"x":31,"y":398,"width":838,"height":11}},{"id":"a4a8a5b1-67cc-4337-a700-c6b5d6ef2ccb","block_type":"box","text":"ent’s and portfolio","page_number":48,"box":{"x":870,"y":398,"width":99,"height":11}},{"id":"e66770ec-dcb4-4362-ba95-e2814184be98","block_type":"box","text":"managers’ investment performance analyses, and the reasons for any material outperformance or underperformance relative to its peers, benchmarks","page_number":48,"box":{"x":31,"y":412,"width":808,"height":11}},{"id":"4b9f4e01-2a3a-4391-bb07-fbffffae0f83","block_type":"box","text":", and other performance","page_number":48,"box":{"x":841,"y":412,"width":128,"height":11}},{"id":"0c4f125b-bfb5-4f07-8a58-bd7e24b70884","block_type":"box","text":"metrics, as applicable; (b) leverage management, as applicable; (c) fees, including advisory, administration, if applicable, and other amounts pa","page_number":48,"box":{"x":31,"y":427,"width":768,"height":10}},{"id":"3a8a0005-6655-4627-baf1-09fe7156ba3e","block_type":"box","text":"id to BlackRock and its affiliates","page_number":48,"box":{"x":800,"y":427,"width":169,"height":8}},{"id":"7ba9d3bd-b88e-48c6-8ec0-944af5bc387a","block_type":"box","text":"by the Fund for applicable services; (d) Fund operating expenses and how BlackRock allocates expenses to the Fund; (e) the resources devoted to risk ov","page_number":48,"box":{"x":31,"y":441,"width":858,"height":11}},{"id":"1dd8ff23-12c8-42e9-adc5-c2acbb0fb3ac","block_type":"box","text":"ersight of, and","page_number":48,"box":{"x":890,"y":441,"width":79,"height":11}},{"id":"7d1ddd17-7e46-44ec-af0a-2faeedd5eb64","block_type":"box","text":"compliance reports relating to, implementation of the Fund’s investment objective, policies and restrictions, and meeting regulatory requiremen","page_number":48,"box":{"x":30,"y":455,"width":791,"height":11}},{"id":"af91fbda-5dc9-453e-8e8d-4ac9d2208fa6","block_type":"box","text":"ts; (f) BlackRock’s and the","page_number":48,"box":{"x":823,"y":455,"width":146,"height":11}},{"id":"489de8b3-c71e-4834-8879-66df5940af8f","block_type":"box","text":"Fund’s development and application of applicable compliance policies and procedures; (g) the nature, character and scope of non-investment manage","page_number":48,"box":{"x":31,"y":469,"width":811,"height":11}},{"id":"f4342a48-fd25-49bb-8204-d079d588ad88","block_type":"box","text":"ment services provided","page_number":48,"box":{"x":844,"y":469,"width":125,"height":11}},{"id":"f17a85dd-0204-4b39-85a3-e2dfe4d6a6d9","block_type":"box","text":"by BlackRock and its affiliates and the estimated cost of such services, as applicable; (h) BlackRock’s and other service providers’ internal contro","page_number":48,"box":{"x":31,"y":483,"width":792,"height":11}},{"id":"06066ad7-7598-4c4f-a7c1-409cb8ac94cf","block_type":"box","text":"ls and risk and compliance","page_number":48,"box":{"x":824,"y":483,"width":145,"height":11}},{"id":"d6d85729-70ed-416d-9cd7-b01cb5f11adf","block_type":"box","text":"oversight mechanisms; (i) BlackRock’s implementation of the proxy voting policies approved by the Board; (j) execution quality of portfolio transa","page_number":48,"box":{"x":30,"y":497,"width":812,"height":11}},{"id":"73ff4a1f-74ce-4a33-bece-a0cd2bc4be77","block_type":"box","text":"ctions; (k) BlackRock’s","page_number":48,"box":{"x":843,"y":497,"width":126,"height":11}},{"id":"e7a88df1-b8d4-4545-98dd-9de54676fed5","block_type":"box","text":"implementation of the Fund’s valuation and liquidity procedures; (l) an analysis of management fees paid to BlackRock for products with similar inve","page_number":48,"box":{"x":31,"y":512,"width":803,"height":11}},{"id":"a3b4ccbb-79ec-4875-893f-ed094ef0d1bd","block_type":"box","text":"stment mandates across","page_number":48,"box":{"x":835,"y":512,"width":134,"height":8}},{"id":"066103dc-6306-40ff-9dd4-537d285ab1ea","block_type":"box","text":"the open-end fund, closed-end fund, sub-advised mutual fund, collective investment trust, and institutional separate account product channels, a","page_number":48,"box":{"x":30,"y":526,"width":820,"height":11}},{"id":"2e71fd62-6f00-44c0-8e64-a7067fb160d2","block_type":"box","text":"s applicable, and the","page_number":48,"box":{"x":851,"y":526,"width":118,"height":11}},{"id":"4d989060-bbb5-4270-b8bb-ecf0c039f399","block_type":"box","text":"similarities and differences between these products and the services provided as compared to the Fund; (m) BlackRock’s compensation methodology fo","page_number":48,"box":{"x":30,"y":540,"width":853,"height":11}},{"id":"2c021b22-e44c-4ae2-8aff-4598d86a8132","block_type":"box","text":"r its investment","page_number":48,"box":{"x":885,"y":540,"width":84,"height":9}},{"id":"dd2fddc9-e981-40c4-b110-718a6317ce8b","block_type":"box","text":"professionals and the incentives and accountability it creates, along with investment professionals’ investments in the fund(s) they manage; and (","page_number":48,"box":{"x":31,"y":554,"width":812,"height":11}},{"id":"ba0d83eb-2003-42e5-898a-2c01c75a2341","block_type":"box","text":"n) periodic updates on","page_number":48,"box":{"x":844,"y":554,"width":124,"height":11}},{"id":"4a23f316-2398-4a80-9ace-f8da9591d9d5","block_type":"box","text":"BlackRock’s business.","page_number":48,"box":{"x":31,"y":568,"width":121,"height":9}},{"id":"6054c94d-850c-48e1-90e2-cbdb8d35bc45","block_type":"box","text":"Prior to and in preparation for the May Meeting, the Board prepared and submitted questions, requested specific materials, and received and reviewed","page_number":48,"box":{"x":31,"y":593,"width":820,"height":11}},{"id":"8c09000d-d31c-48d9-a99c-9bc7152b4a9d","block_type":"box","text":"materials specifically","page_number":48,"box":{"x":857,"y":593,"width":112,"height":11}},{"id":"3a6bc127-4598-4eab-9346-4540480b03d5","block_type":"box","text":"relating to the renewal of the Agreements. The Independent Board Members engaged in a process with their independent legal counsel and BlackRock to re","page_number":48,"box":{"x":31,"y":607,"width":854,"height":11}},{"id":"a4396d23-cf5b-4d2f-bae3-09d513e23ac8","block_type":"box","text":"view the nature","page_number":48,"box":{"x":885,"y":607,"width":84,"height":9}},{"id":"8e346a1c-4e1a-4fd7-b597-ba37b04b65e8","block_type":"box","text":"and scope of the information provided to the Board to better assist its deliberations. The materials provided in connection with the May Meeting inclu","page_number":48,"box":{"x":30,"y":621,"width":802,"height":11}},{"id":"df7c8df6-4f5b-466c-9132-21cc8ab7b9eb","block_type":"box","text":"ded, among other things:","page_number":48,"box":{"x":834,"y":621,"width":134,"height":11}},{"id":"18af5fdb-4dc3-4a05-bbfc-e71617f4f04e","block_type":"box","text":"(a) information independently compiled and prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), based on either a Lipper classificat","page_number":48,"box":{"x":30,"y":635,"width":786,"height":11}},{"id":"5368e263-2462-429f-85a6-e0403f62c931","block_type":"box","text":"ion or Morningstar category,","page_number":48,"box":{"x":817,"y":636,"width":152,"height":10}},{"id":"53f6d19b-82a0-4c49-9f3f-cae49ecce650","block_type":"box","text":"regarding the Fund’s fees and expenses as compared with a peer group of funds as determined by Broadridge (“Expense Peers”) and the investment perform","page_number":48,"box":{"x":31,"y":650,"width":847,"height":10}},{"id":"01278ae2-dbf7-4c23-a2de-f7c37acdd0e2","block_type":"box","text":"ance of the Fund","page_number":48,"box":{"x":879,"y":650,"width":90,"height":8}},{"id":"44574fbe-a727-4ade-9119-bf2dc7657049","block_type":"box","text":"as compared with a peer group of funds (“Performance Peers”); (b) information on the composition of the Expense Peers and Performance Peers and a descr","page_number":48,"box":{"x":30,"y":664,"width":895,"height":11}},{"id":"a9bd0592-15d1-4f19-9726-f4816edc97ce","block_type":"box","text":"iption of","page_number":48,"box":{"x":926,"y":664,"width":44,"height":10}},{"id":"33333dcf-e8bb-4ae0-a234-5c7715cc85ea","block_type":"box","text":"Broadridge’s methodology; (c) information on the estimated profits realized by BlackRock and its affiliates pursuant to the Agreements and a discus","page_number":48,"box":{"x":31,"y":678,"width":801,"height":11}},{"id":"a5cc72ad-8c5f-40d0-87c7-2a228c188012","block_type":"box","text":"sion of fall-out benefits to","page_number":48,"box":{"x":833,"y":678,"width":136,"height":9}},{"id":"22cde50b-b436-4988-9ae0-2adc8ddba90b","block_type":"box","text":"BlackRock and its affiliates; (d) a general analysis provided by BlackRock concerning investment management fees received in connection with other","page_number":48,"box":{"x":31,"y":692,"width":826,"height":11}},{"id":"fa5b4b20-578f-441d-88a0-5477968bb596","block_type":"box","text":"types of investment","page_number":48,"box":{"x":862,"y":692,"width":107,"height":11}},{"id":"5ca83549-669a-41b9-8227-508533e517f0","block_type":"box","text":"products, such as institutional accounts, sub-advised mutual funds, closed-end funds, and open-end funds, under similar investment mandates, as a","page_number":48,"box":{"x":31,"y":706,"width":805,"height":11}},{"id":"edff680b-7a78-4bf8-9443-e71e7ce43df6","block_type":"box","text":"pplicable; (e) a review of","page_number":48,"box":{"x":837,"y":706,"width":133,"height":11}},{"id":"8ac1aa86-a1dd-4619-a1c0-56f47fa90bde","block_type":"box","text":"non-management fees, as applicable; (f) the existence, impact and sharing of potential economies of scale, if any, with the Fund; (g) a summary of aggr","page_number":48,"box":{"x":31,"y":720,"width":815,"height":11}},{"id":"40dabbee-a38a-445d-a285-29b909f8ea02","block_type":"box","text":"egate amounts paid by","page_number":48,"box":{"x":846,"y":721,"width":123,"height":10}},{"id":"70c1a75a-8440-47cc-857f-d776b6785f27","block_type":"box","text":"the Fund to BlackRock; and (h) various additional information requested by the Board as appropriate regarding BlackRock’s and the Fund’s operations","page_number":48,"box":{"x":30,"y":735,"width":823,"height":11}},{"id":"8d82c943-6df9-4927-a81c-6756bc7dd5f9","block_type":"box","text":".","page_number":48,"box":{"x":855,"y":742,"width":1,"height":1}},{"id":"19a53891-e46d-49aa-ac65-abb0f5db32d0","block_type":"box","text":"At the May Meeting, the Board reviewed materials relating to its consideration of the Agreements and the Independent Board Members presented BlackRo","page_number":48,"box":{"x":30,"y":759,"width":845,"height":11}},{"id":"55def199-afb3-4ef6-8db2-5015fb998010","block_type":"box","text":"ck with questions","page_number":48,"box":{"x":876,"y":759,"width":93,"height":11}},{"id":"5d961213-4d1c-454a-8b26-9dd2de65316d","block_type":"box","text":"and requests for additional information. BlackRock responded to these questions and requests with additional written information in advance of the","page_number":48,"box":{"x":30,"y":773,"width":803,"height":11}},{"id":"314ae2e1-0cc8-4747-8fca-89c33ae343b1","block_type":"box","text":"June Meeting, and such","page_number":48,"box":{"x":838,"y":773,"width":130,"height":11}},{"id":"5b6b646b-6271-4c8c-9b6f-fe44d8a8125f","block_type":"box","text":"responses were reviewed by the Board Members.","page_number":48,"box":{"x":31,"y":788,"width":271,"height":10}},{"id":"c5495400-fc2f-4577-8a9f-5e7ecc24a25f","block_type":"box","text":"At the June Meeting, the Board concluded its assessment of, among other things: (a) the nature, extent and quality of the services provided by BlackRoc","page_number":48,"box":{"x":30,"y":812,"width":828,"height":11}},{"id":"ce3f6069-18f0-4d9c-b0db-bcd9cf9dd494","block_type":"box","text":"k; (b) the investment","page_number":48,"box":{"x":859,"y":812,"width":110,"height":11}},{"id":"01fa0a62-5a35-40f4-882f-2ac12d898328","block_type":"box","text":"performance of the Fund as compared to its Performance Peers and to other metrics, as applicable; (c) the advisory fee and the estimated cost of the serv","page_number":48,"box":{"x":31,"y":826,"width":835,"height":11}},{"id":"33d7faca-26b8-4640-a09b-3c8c029cb24c","block_type":"box","text":"ices and estimated","page_number":48,"box":{"x":868,"y":826,"width":101,"height":9}},{"id":"509b3d5b-3309-40d3-9a1b-b0cb66d3a3bc","block_type":"box","text":"profits realized by BlackRock and its affiliates from their relationship with the Fund; (d) the Fund’s fees and expenses compared to its Expense Peers","page_number":48,"box":{"x":31,"y":840,"width":815,"height":11}},{"id":"29ed6444-928d-4d7c-ad36-d0b356245503","block_type":"box","text":"; (e) the existence and","page_number":48,"box":{"x":848,"y":840,"width":121,"height":11}},{"id":"4dea9b84-2314-4b22-91c8-4bcc896449f4","block_type":"box","text":"sharing of potential economies of scale; (f) any fall-out benefits to BlackRock and its affiliates as a result of BlackRock’s relationship with the Fu","page_number":48,"box":{"x":30,"y":855,"width":803,"height":10}},{"id":"49a2cc34-f601-4430-884f-1064a79e9059","block_type":"box","text":"nd; and (g) other factors","page_number":48,"box":{"x":835,"y":855,"width":134,"height":10}},{"id":"5247aa89-9f70-479b-b570-3ef490fe1e05","block_type":"box","text":"deemed relevant by the Board Members.","page_number":48,"box":{"x":30,"y":869,"width":223,"height":11}},{"id":"7541388c-2aff-4833-ac3e-255f7d4e0e7d","block_type":"box","text":"The Board also considered other matters it deemed important to the approval process, such as other payments made or benefits that inure to BlackRock or","page_number":48,"box":{"x":30,"y":893,"width":870,"height":11}},{"id":"48446331-f19b-4863-89a5-400020a11141","block_type":"box","text":"its affiliates,","page_number":48,"box":{"x":905,"y":893,"width":63,"height":10}},{"id":"ccc6c467-dcf0-4dfc-be96-67eba050636e","block_type":"box","text":"including relating to, as applicable, securities lending and cash management activities of the Fund. The Board noted the willingness of BlackRock’s","page_number":48,"box":{"x":31,"y":907,"width":807,"height":11}},{"id":"5b26ef1b-04bb-48e6-b35b-e82a141df2d2","block_type":"box","text":"personnel to engage in","page_number":48,"box":{"x":843,"y":908,"width":125,"height":10}},{"id":"376f5b7e-da75-47a5-a656-a7d820dd201e","block_type":"box","text":"open, candid discussions with the Board. The Board evaluated the information available to it on a fund-by-fund basis. The following paragraphs provi","page_number":48,"box":{"x":30,"y":922,"width":796,"height":10}},{"id":"a5b1f57f-e7b4-43a3-a15a-47dedb60d6ff","block_type":"box","text":"de more information about","page_number":48,"box":{"x":827,"y":922,"width":142,"height":8}},{"id":"949fd4b2-43ba-4f61-8a76-3c9a51403efe","block_type":"box","text":"Disclosure of Investment Advisory Agreement and Sub-Advisory Agreements","page_number":48,"box":{"x":31,"y":28,"width":652,"height":17}},{"id":"c5ad2eff-79a5-4689-a06c-dd6c0673619c","block_type":"box","text":"48","page_number":48,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"6d0119f8-c45d-4505-8065-5fd18043507e","block_type":"box","text":"2026","page_number":48,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"6b3b345d-fd54-479e-9caa-374403ad9c41","block_type":"box","text":"B","page_number":48,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"d9369894-be73-4db2-a1b4-fbc44bbe427d","block_type":"box","text":"LACK","page_number":48,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"ad98dd31-6445-48f4-9168-6ce46d992271","block_type":"box","text":"R","page_number":48,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"4e878bef-8b4c-41b4-9620-0df1d15a23aa","block_type":"box","text":"OCK","page_number":48,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"0d1433fe-9652-4cf4-8cf0-9621c93372a7","block_type":"box","text":"S","page_number":48,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"02c127e8-c2a9-4802-b5c2-0b1ea4d57e8e","block_type":"box","text":"EMI","page_number":48,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"612cab28-0f1f-436b-9942-535e2eaf64cc","block_type":"box","text":"-A","page_number":48,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"a030bdc6-e325-4a51-9647-f34a991d63d0","block_type":"box","text":"NNUAL","page_number":48,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"f9a142f4-59c5-40fd-ada0-bbe203fd93c3","block_type":"box","text":"NM0826U-5876566-48/56 R EPORT TO S HARE","page_number":48,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"0fdba12b-f252-4cee-96ae-985e8fb0e62a","block_type":"box","text":"NM\r\nR","page_number":48,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"fc0cf511-e081-45e9-aa1a-21598c8d41a2","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":48,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"aa53a365-f9e0-4eb4-afbb-d493b4680296","block_type":"box","text":"66\r\nS","page_number":48,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"7046d3d2-f603-4575-9f93-7525d0eb7546","block_type":"box","text":"-48/56 \r\nHAREHOLDERS","page_number":48,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"d6b0a842-096e-4377-911f-440266682afd","block_type":"box","text":"some of the primary factors that were relevant to the Board’s decision. The Board Members did not identify any particular information, or any single fa","page_number":49,"box":{"x":30,"y":69,"width":798,"height":11}},{"id":"00d0100f-cde0-4662-96cb-a011abbeeec4","block_type":"box","text":"ctor as determinative, and","page_number":49,"box":{"x":830,"y":70,"width":139,"height":10}},{"id":"895c0561-4955-431b-8dbf-9cc6c11b0c46","block_type":"box","text":"each Board Member may have attributed different weights to the various items and factors considered.","page_number":49,"box":{"x":30,"y":84,"width":560,"height":11}},{"id":"101085df-ff43-417d-9cbc-372ae45a63b3","block_type":"box","text":"A. Nature, Extent and Quality of the Services Provided by BlackRock","page_number":49,"box":{"x":30,"y":108,"width":404,"height":11}},{"id":"17436bb2-191a-4663-80d0-5714219028c1","block_type":"box","text":"The Board, including the Independent Board Members, reviewed the nature, extent and quality of services provided by BlackRock, including the invest","page_number":49,"box":{"x":30,"y":133,"width":811,"height":10}},{"id":"d2ac9716-6e7d-4b47-92c9-605aa62afae6","block_type":"box","text":"ment advisory services,","page_number":49,"box":{"x":842,"y":133,"width":126,"height":10}},{"id":"99ca43c2-e583-421b-b0f8-d2db3109f667","block_type":"box","text":"and the resulting performance of the Fund. Throughout the year, the Board compared Fund performance to the performance of a comparable group of closed","page_number":49,"box":{"x":30,"y":147,"width":876,"height":11}},{"id":"bf1012aa-fd25-4fdc-bbd3-107d078f38a1","block_type":"box","text":"-end funds,","page_number":49,"box":{"x":907,"y":147,"width":61,"height":10}},{"id":"69d2fb4f-6aa3-4e4e-8b44-62e6596802d7","block_type":"box","text":"relevant benchmarks, and performance metrics, as applicable. Throughout the year, the Board met with BlackRock’s senior management personnel resp","page_number":49,"box":{"x":31,"y":161,"width":819,"height":11}},{"id":"4b984ad6-3a02-4ee9-a549-99a093084ad3","block_type":"box","text":"onsible for investment","page_number":49,"box":{"x":851,"y":161,"width":118,"height":9}},{"id":"4c37b969-a573-40c2-ab8c-4a67c6a57301","block_type":"box","text":"activities, including the senior investment officers. The Board also reviewed the materials provided by the Fund’s portfolio management team discu","page_number":49,"box":{"x":30,"y":175,"width":844,"height":11}},{"id":"90a35227-2046-46dc-bcbe-12f531ee20ed","block_type":"box","text":"ssing the Fund’s","page_number":49,"box":{"x":875,"y":175,"width":94,"height":11}},{"id":"8f1b70cc-a8dc-4891-9bb9-98370c7dbfd1","block_type":"box","text":"performance, investment strategies and outlook.","page_number":49,"box":{"x":31,"y":189,"width":262,"height":11}},{"id":"c71acd67-cc56-43c4-8dc7-33d4705b70b8","block_type":"box","text":"The Board considered, among other factors, with respect to BlackRock: the experience of the Fund’s portfolio management team (including the tenure o","page_number":49,"box":{"x":30,"y":214,"width":836,"height":11}},{"id":"fa1b9a2f-cf11-4ef5-82c9-2e39e9685f92","block_type":"box","text":"f or changes in the","page_number":49,"box":{"x":867,"y":214,"width":102,"height":11}},{"id":"bd008c64-b73f-4cd7-99c5-6e8840a6c8de","block_type":"box","text":"portfolio management team); research capabilities; investments by portfolio managers in the funds they manage; portfolio trading capabilities; u","page_number":49,"box":{"x":31,"y":228,"width":778,"height":11}},{"id":"1517f171-f62a-460d-845c-99bb459e7551","block_type":"box","text":"se of certain trading, portfolio","page_number":49,"box":{"x":811,"y":228,"width":158,"height":11}},{"id":"1b8d9f84-a582-4f2a-8ab1-03a7b1278e17","block_type":"box","text":"management, operations and/or information systems owned by BlackRock; commitment to compliance; credit analysis capabilities; risk analysis and","page_number":49,"box":{"x":31,"y":242,"width":815,"height":11}},{"id":"b280df3b-9a9b-49ce-b88d-bb46ed715033","block_type":"box","text":"oversight capabilities;","page_number":49,"box":{"x":851,"y":242,"width":117,"height":11}},{"id":"f4e07f07-cb4d-4fbd-8b96-85f856456858","block_type":"box","text":"and the approach to training and retaining portfolio managers and other research, advisory and management personnel. The Board also considered Blac","page_number":49,"box":{"x":30,"y":256,"width":833,"height":11}},{"id":"d938829f-30ff-49e8-95cb-59d3710b0818","block_type":"box","text":"kRock’s overall risk","page_number":49,"box":{"x":864,"y":257,"width":105,"height":8}},{"id":"430c13f5-2a43-4ad4-9f9b-c7e74499c251","block_type":"box","text":"management program, including the continued efforts of BlackRock and its affiliates to address cybersecurity risks, the role of BlackRock’s Risk & Q","page_number":49,"box":{"x":31,"y":271,"width":793,"height":10}},{"id":"af083e81-30d1-48b5-9f38-9128258cd383","block_type":"box","text":"uantitative Analysis Group,","page_number":49,"box":{"x":825,"y":271,"width":143,"height":10}},{"id":"873faa02-af59-466d-bd92-2e1623e79cfd","block_type":"box","text":"and BlackRock’s policies and procedures for third-party vendor oversight. The Board engaged in a review of BlackRock’s compensation structure with","page_number":49,"box":{"x":30,"y":285,"width":819,"height":11}},{"id":"c7013d25-650d-42d4-bfb6-5d7afcbde57e","block_type":"box","text":"respect to the Fund’s","page_number":49,"box":{"x":854,"y":285,"width":115,"height":10}},{"id":"dac3a363-aca6-426c-a80d-989ca3d77ab7","block_type":"box","text":"portfolio management team and BlackRock’s ability to attract and retain high-quality talent and create performance incentives.","page_number":49,"box":{"x":31,"y":299,"width":687,"height":11}},{"id":"99194fb6-41f7-426f-8c52-02f35589d1c1","block_type":"box","text":"In addition to investment advisory services, the Board considered the nature and quality of the administrative and other non-investment advisory se","page_number":49,"box":{"x":31,"y":323,"width":788,"height":11}},{"id":"9ab51c6b-edc0-4a6b-a94c-ab99856a599e","block_type":"box","text":"rvices provided to the Fund.","page_number":49,"box":{"x":820,"y":324,"width":148,"height":10}},{"id":"62808de6-6f1d-4e55-a37a-b9cd74848d8b","block_type":"box","text":"BlackRock and its affiliates provide the Fund with certain administrative, shareholder and other services (in addition to any such services provide","page_number":49,"box":{"x":31,"y":338,"width":779,"height":10}},{"id":"65aa184c-d52a-40a9-8d1a-a32f41204047","block_type":"box","text":"d to the Fund by third parties)","page_number":49,"box":{"x":811,"y":338,"width":158,"height":10}},{"id":"68fc3b6e-fbd7-46bb-9059-36f78c070bd7","block_type":"box","text":"and officers and other personnel as are necessary for the operations of the Fund. In particular, BlackRock and its affiliates provide the Fund with adm","page_number":49,"box":{"x":30,"y":352,"width":836,"height":11}},{"id":"3a36e932-8690-48e4-87ed-e79abb21c9fe","block_type":"box","text":"inistrative services","page_number":49,"box":{"x":868,"y":352,"width":101,"height":8}},{"id":"f6bef81e-ca95-455d-9f4a-3d8bc813208c","block_type":"box","text":"including, among others: (i) responsibility for disclosure documents, such as the prospectus and statement of additional information, and periodi","page_number":49,"box":{"x":31,"y":366,"width":814,"height":11}},{"id":"15fee605-6451-4d72-9af0-ce1329e486e5","block_type":"box","text":"c shareholder reports;","page_number":49,"box":{"x":846,"y":366,"width":122,"height":11}},{"id":"d9bbe02e-86fb-44ca-aff6-9ddfcb8c55b4","block_type":"box","text":"(ii) oversight of daily accounting and net asset value; and services related to the valuation and pricing of the Fund’s portfolio holdings; (iii) resp","page_number":49,"box":{"x":30,"y":380,"width":767,"height":11}},{"id":"e3702291-dd75-44a6-838b-228e9828d527","block_type":"box","text":"onsibility for periodic filings with","page_number":49,"box":{"x":799,"y":380,"width":170,"height":11}},{"id":"acdeca69-5cfa-40da-b42b-8a39448195ce","block_type":"box","text":"regulators; (iv) overseeing and coordinating the activities of third-party service providers including, among others, the Fund’s custodian, fund","page_number":49,"box":{"x":31,"y":394,"width":763,"height":11}},{"id":"729fba7d-0b4a-43f5-980e-c60741570e3c","block_type":"box","text":"accountant, transfer agent, and","page_number":49,"box":{"x":799,"y":394,"width":170,"height":11}},{"id":"af49f1b6-651d-46ac-b7c9-796c5cdd70a2","block_type":"box","text":"auditor; (v) organizing Board meetings and preparing the materials for such Board meetings; (vi) providing legal and compliance support; (vii) furn","page_number":49,"box":{"x":30,"y":409,"width":795,"height":10}},{"id":"d62d186a-5c11-4255-9142-425ab0a8b57d","block_type":"box","text":"ishing analytical and other","page_number":49,"box":{"x":827,"y":409,"width":143,"height":10}},{"id":"e753708f-3150-461f-b895-d4304b6aff56","block_type":"box","text":"support to assist the Board in its consideration of strategic issues; and (viii) performing or managing administrative functions necessary for the o","page_number":49,"box":{"x":30,"y":423,"width":780,"height":11}},{"id":"4bd31102-6387-47b8-8c79-f57864338741","block_type":"box","text":"peration of the Fund, such as","page_number":49,"box":{"x":811,"y":423,"width":158,"height":10}},{"id":"3bcc4da4-7bc8-406e-9f4a-70aa834bfab5","block_type":"box","text":"tax reporting, expense management, fulfilling regulatory filing requirements, and shareholder call center and other services. The Board reviewed","page_number":49,"box":{"x":30,"y":437,"width":791,"height":11}},{"id":"033bfb70-ae83-4f4b-ac95-76df84022c7d","block_type":"box","text":"the structure and duties of","page_number":49,"box":{"x":826,"y":437,"width":144,"height":8}},{"id":"b0f4f9f6-e021-42bc-bc67-440a2012a307","block_type":"box","text":"BlackRock’s fund administration, shareholder services, and legal and compliance departments and considered BlackRock’s policies and procedures","page_number":49,"box":{"x":31,"y":451,"width":804,"height":11}},{"id":"8be3ed53-39cc-4266-82da-3d3b45fe6c04","block_type":"box","text":"for assuring compliance","page_number":49,"box":{"x":839,"y":451,"width":130,"height":11}},{"id":"ff6cbe6f-f2c5-431a-906d-51af1e61f1f8","block_type":"box","text":"with applicable laws and regulations. The Board also considered the operation of BlackRock’s business continuity plans.","page_number":49,"box":{"x":30,"y":465,"width":657,"height":11}},{"id":"7ee9b4a5-c521-4795-bdda-758c38a69b32","block_type":"box","text":"The Board noted that the engagement of BIL and BSL with respect to the Fund facilitates the provision of investment advice and trading by investment per","page_number":49,"box":{"x":30,"y":490,"width":859,"height":11}},{"id":"03538621-7cd3-4813-9e7d-a100d57f25bf","block_type":"box","text":"sonnel located","page_number":49,"box":{"x":889,"y":490,"width":79,"height":8}},{"id":"4661dc13-a643-44fc-b23f-ddf55c102ff2","block_type":"box","text":"outside of the United States. The Board considered that this arrangement provides additional flexibility to the portfolio management team, which ma","page_number":49,"box":{"x":30,"y":504,"width":801,"height":11}},{"id":"9d8d771c-8b05-414b-b38e-4d2ab7df3a33","block_type":"box","text":"y benefit the Fund and its","page_number":49,"box":{"x":832,"y":504,"width":137,"height":11}},{"id":"cfe5aaea-ef69-4225-b7a7-acf18cb686bb","block_type":"box","text":"shareholders.","page_number":49,"box":{"x":30,"y":518,"width":74,"height":9}},{"id":"b4d72475-3dc7-414f-961c-c270324d5774","block_type":"box","text":"B. The Investment Performance of the Fund","page_number":49,"box":{"x":30,"y":543,"width":261,"height":8}},{"id":"d883b932-cbe1-4aa0-ba8d-77873a0c6624","block_type":"box","text":"The Board, including the Independent Board Members, reviewed and considered the performance history of the Fund throughout the year and at the May Mee","page_number":49,"box":{"x":30,"y":567,"width":855,"height":11}},{"id":"01eae680-bba3-432d-aaff-c3cb8257437d","block_type":"box","text":"ting. The Board","page_number":49,"box":{"x":886,"y":567,"width":82,"height":11}},{"id":"48ab78cc-e316-43b8-98bc-a23fa4a25656","block_type":"box","text":"was provided with Fund performance reporting and analysis, relative to applicable performance metrics, by BlackRock throughout the year and at the M","page_number":49,"box":{"x":30,"y":581,"width":858,"height":11}},{"id":"71db0351-abec-4679-be49-ae05bc51124a","block_type":"box","text":"ay Meeting. In","page_number":49,"box":{"x":889,"y":581,"width":79,"height":11}},{"id":"2683614b-cf19-4ddf-bd58-333df87193f7","block_type":"box","text":"preparation for the May Meeting, the Board was also provided with reports independently prepared by Broadridge, which included an analysis of the Fun","page_number":49,"box":{"x":31,"y":595,"width":820,"height":11}},{"id":"7fb73311-cc58-45e0-ad6b-32fc169edf2c","block_type":"box","text":"d’s performance as of","page_number":49,"box":{"x":852,"y":595,"width":118,"height":11}},{"id":"4c02b667-ff00-4188-8c17-3cbfea4bbfaf","block_type":"box","text":"December 31, 2025, as compared to its Performance Peers. Broadridge ranks funds in quartiles, ranging from first to fourth, where first is the most des","page_number":49,"box":{"x":31,"y":610,"width":818,"height":10}},{"id":"6ab05a28-a5bc-4837-b8f6-96d19b2b7831","block_type":"box","text":"irable quartile position","page_number":49,"box":{"x":850,"y":610,"width":119,"height":10}},{"id":"c84fd0a2-36b9-4e60-aaef-75e371f31064","block_type":"box","text":"and fourth is the least desirable. In connection with its review, the Board received and reviewed information regarding the investment performance o","page_number":49,"box":{"x":30,"y":624,"width":808,"height":11}},{"id":"f064c4af-143a-45e7-926c-eb9ea392f72e","block_type":"box","text":"f the Fund as compared","page_number":49,"box":{"x":839,"y":624,"width":130,"height":11}},{"id":"0903ceab-4346-4a7b-a0f2-6b07db1dc3fa","block_type":"box","text":"to its Performance Peers and, in light of the Fund’s outcome-oriented investment objective, certain performance metrics (“Outcome-Oriented Perfo","page_number":49,"box":{"x":30,"y":638,"width":816,"height":11}},{"id":"fbf0dac0-5b32-47cd-95c6-c51ab7d0cef8","block_type":"box","text":"rmance Metrics”). The","page_number":49,"box":{"x":847,"y":638,"width":122,"height":11}},{"id":"ca9ddcab-0ddb-4d03-aa86-82944e224e3c","block_type":"box","text":"Board and its Performance Oversight Committee regularly review and meet with Fund management to discuss the performance of the Fund throughout the ye","page_number":49,"box":{"x":31,"y":652,"width":862,"height":11}},{"id":"be91ba60-a2f1-4f84-86b4-3933b0ff0345","block_type":"box","text":"ar.","page_number":49,"box":{"x":894,"y":654,"width":13,"height":7}},{"id":"20534b63-20ff-4452-8bbe-a7107a5ca6f3","block_type":"box","text":"The Board noted that while it found the data provided by Broadridge generally useful, it recognized the limitations of such data, including in particu","page_number":49,"box":{"x":30,"y":677,"width":791,"height":11}},{"id":"c3ba6371-936f-4382-a5a3-11650aedd68c","block_type":"box","text":"lar, that notable differences","page_number":49,"box":{"x":823,"y":677,"width":146,"height":10}},{"id":"1c11e3c9-01e3-4ae9-bd97-bc4930f320f2","block_type":"box","text":"may exist between a fund and its Performance Peers (for example, the investment objectives and strategies). Further, the Board recognized that the pe","page_number":49,"box":{"x":31,"y":691,"width":812,"height":11}},{"id":"a94605d6-8f4a-477e-b1bf-1fd5ca9b3ec1","block_type":"box","text":"rformance data reflects","page_number":49,"box":{"x":845,"y":691,"width":124,"height":8}},{"id":"80d03857-1836-457c-ac27-1b14b53ba38b","block_type":"box","text":"a snapshot of a period as of a particular date and that selecting a different performance period could produce significantly different results. The Bo","page_number":49,"box":{"x":30,"y":705,"width":789,"height":11}},{"id":"96bb43fd-8440-43b9-8328-0a0f99e7e6b1","block_type":"box","text":"ard also acknowledged that","page_number":49,"box":{"x":820,"y":705,"width":149,"height":11}},{"id":"b208f14c-e527-4876-a9d0-93435e40dbd7","block_type":"box","text":"long-term performance could be impacted by even one period of significant outperformance or underperformance, and that a single investment theme co","page_number":49,"box":{"x":31,"y":719,"width":823,"height":11}},{"id":"db9a9bb0-ee0b-4988-9902-4298b0e85221","block_type":"box","text":"uld have the ability to","page_number":49,"box":{"x":856,"y":719,"width":113,"height":11}},{"id":"dec4c85a-6781-4446-8b9a-67c9fcf9b995","block_type":"box","text":"disproportionately affect long-term performance.","page_number":49,"box":{"x":30,"y":733,"width":262,"height":11}},{"id":"236bf69f-6a0d-4251-9233-9c2557445c3b","block_type":"box","text":"The Board reviewed and considered the Fund’s performance relative to the Fund’s Outcome-Oriented Performance Metrics including a total return targ","page_number":49,"box":{"x":30,"y":758,"width":808,"height":11}},{"id":"81294c16-c69b-44ea-9801-093c21325ed5","block_type":"box","text":"et. The Board noted that","page_number":49,"box":{"x":840,"y":758,"width":129,"height":8}},{"id":"d6f9480a-f8c6-490f-a0ad-a39b6209b3e7","block_type":"box","text":"for the one-, three- and five-year periods reported, the Fund underperformed, performed in line with and underperformed, respectively, its total re","page_number":49,"box":{"x":30,"y":772,"width":780,"height":11}},{"id":"0280a7aa-3c1b-4067-83d6-3a1309a3ebea","block_type":"box","text":"turn target, but also noted the","page_number":49,"box":{"x":811,"y":772,"width":158,"height":11}},{"id":"4b9e60c8-6fe4-4133-8ba5-05838913b3ad","block_type":"box","text":"recent changes to the Fund’s portfolio management team. The Board noted that BlackRock believes that the Outcome-Oriented Performance Metrics are a","page_number":49,"box":{"x":31,"y":786,"width":864,"height":11}},{"id":"247485bd-0e0d-423f-86fd-94a13b45f4d8","block_type":"box","text":"n appropriate","page_number":49,"box":{"x":896,"y":786,"width":73,"height":11}},{"id":"2cfc4755-1a44-447a-81fc-51b600df8061","block_type":"box","text":"performance metric for the Fund, and that BlackRock has explained its rationale for this belief to the Board. The Board and BlackRock reviewed the Fund","page_number":49,"box":{"x":31,"y":800,"width":824,"height":11}},{"id":"76c71f6b-c532-4672-b564-704a28de0eac","block_type":"box","text":"’s underperformance","page_number":49,"box":{"x":857,"y":800,"width":112,"height":11}},{"id":"b046cf98-271b-47e5-9d09-e410b0cb4d33","block_type":"box","text":"relative to its total return target during the applicable periods.","page_number":49,"box":{"x":31,"y":815,"width":331,"height":10}},{"id":"870b231d-ed46-4351-935e-e72f5e5357bb","block_type":"box","text":"C. Consideration of the Advisory/Management Fees and the Estimated Costs of the Services and Estimated Profits Realized by BlackRock and its Affilia","page_number":49,"box":{"x":31,"y":839,"width":890,"height":11}},{"id":"7acb5922-7e94-4b29-848e-5533cc26bb59","block_type":"box","text":"tes from","page_number":49,"box":{"x":922,"y":839,"width":48,"height":9}},{"id":"20a9b5ac-9284-4001-958d-616eb6d49584","block_type":"box","text":"their Relationship with the Fund","page_number":49,"box":{"x":31,"y":853,"width":188,"height":11}},{"id":"bbfe26bb-8c3c-4aca-bbd1-aa844de8b91d","block_type":"box","text":"The Board, including the Independent Board Members, reviewed the Fund’s contractual management fee rate compared with those of its Expense Peers. Th","page_number":49,"box":{"x":30,"y":878,"width":867,"height":11}},{"id":"61d25654-6fcf-4400-957a-4a5224b03a48","block_type":"box","text":"e contractual","page_number":49,"box":{"x":898,"y":878,"width":71,"height":8}},{"id":"bac533cd-f653-4c6e-8aac-77ce6b1633dd","block_type":"box","text":"management fee rate represents a combination of the advisory fee and any administrative fees, before taking into account any reimbursements or fee wa","page_number":49,"box":{"x":31,"y":892,"width":823,"height":11}},{"id":"e76ebce1-4eed-430c-8826-8d7d9ffd155c","block_type":"box","text":"ivers. The Board also","page_number":49,"box":{"x":855,"y":892,"width":114,"height":8}},{"id":"6f16c07e-b1e2-4d46-a323-adfc0b78ab59","block_type":"box","text":"compared the Fund’s total expense ratio, as well as its actual management fee rate as a percentage of managed assets, which is the total assets of the Fun","page_number":49,"box":{"x":30,"y":906,"width":852,"height":11}},{"id":"7b399900-d97d-4841-a902-7a239cc3fd92","block_type":"box","text":"d (including any","page_number":49,"box":{"x":883,"y":906,"width":86,"height":11}},{"id":"8afc3cab-220e-4425-a7ad-11b56b3939be","block_type":"box","text":"assets attributable to money borrowed for investment purposes) minus the sum of the Fund’s accrued liabilities (other than money borrowed for invest","page_number":49,"box":{"x":30,"y":920,"width":807,"height":11}},{"id":"f574bc48-d43e-475c-ba2b-ac7908721afe","block_type":"box","text":"ment purposes) to those","page_number":49,"box":{"x":838,"y":920,"width":131,"height":11}},{"id":"a570bf7f-1c91-4fed-baf9-c4ad93ed9743","block_type":"box","text":"of its Expense Peers. The total expense ratio represents a fund’s total net operating expenses, excluding any investment related expenses. The total","page_number":49,"box":{"x":30,"y":934,"width":797,"height":11}},{"id":"2f9193a0-6bd7-490c-8212-d8b886fa95cd","block_type":"box","text":"expense ratio gives effect","page_number":49,"box":{"x":832,"y":934,"width":137,"height":11}},{"id":"d977e125-7bf6-4fa6-bb8e-34742e7b0956","block_type":"box","text":"Disclosure of Investment Advisory Agreement and Sub-Advisory Agreements","page_number":49,"box":{"x":31,"y":28,"width":652,"height":17}},{"id":"49259c7f-e9fb-4f9d-bb9c-cdcdc9ae3973","block_type":"box","text":"(continued)","page_number":49,"box":{"x":695,"y":32,"width":61,"height":11}},{"id":"173b381b-d9a1-462b-b20c-87c0fa83a893","block_type":"box","text":"D","page_number":49,"box":{"x":31,"y":967,"width":6,"height":7}},{"id":"3bdea331-5db4-4a9a-9b82-a83a53b6e41a","block_type":"box","text":"ISCLOSURE OF","page_number":49,"box":{"x":42,"y":969,"width":101,"height":5}},{"id":"15d512e3-1acf-41a6-8400-f92046fe8706","block_type":"box","text":"I","page_number":49,"box":{"x":156,"y":967,"width":1,"height":7}},{"id":"71de4de0-ff71-431b-862b-2f21cb1ee836","block_type":"box","text":"NVESTMENT","page_number":49,"box":{"x":162,"y":969,"width":79,"height":5}},{"id":"3c973a52-89d1-4554-9e20-756b9f317c66","block_type":"box","text":"A","page_number":49,"box":{"x":251,"y":967,"width":7,"height":7}},{"id":"5518344d-b67e-4546-9b13-abf3ede7abf3","block_type":"box","text":"DVISORY","page_number":49,"box":{"x":263,"y":969,"width":57,"height":5}},{"id":"67ce9bc2-b491-4a6e-a967-2a040489eaab","block_type":"box","text":"A","page_number":49,"box":{"x":331,"y":967,"width":7,"height":7}},{"id":"715e3307-049a-4e8e-8450-23c3cdc51baa","block_type":"box","text":"GREEMENT AND","page_number":49,"box":{"x":343,"y":969,"width":104,"height":5}},{"id":"162bb26b-9b3d-42bd-9122-2d1fa5f7730d","block_type":"box","text":"S","page_number":49,"box":{"x":459,"y":967,"width":7,"height":7}},{"id":"f29d807e-0413-4a26-9e8a-932ead494e2b","block_type":"box","text":"UB","page_number":49,"box":{"x":471,"y":969,"width":13,"height":5}},{"id":"e171ff4c-4d76-45d4-a484-5d921dd904e8","block_type":"box","text":"-A","page_number":49,"box":{"x":489,"y":967,"width":15,"height":7}},{"id":"0e6c8a81-f97c-406d-aae5-c48263724a06","block_type":"box","text":"DVISORY","page_number":49,"box":{"x":509,"y":969,"width":57,"height":5}},{"id":"fa856092-b0bc-4f40-8389-298df82a5d63","block_type":"box","text":"A","page_number":49,"box":{"x":576,"y":967,"width":8,"height":7}},{"id":"638307b3-638a-4f1d-9f6e-b5d575e45d14","block_type":"box","text":"GREEMENTS","page_number":49,"box":{"x":588,"y":969,"width":80,"height":5}},{"id":"0c5857a6-19f4-4ad5-b8a4-4b0ad970cdf7","block_type":"box","text":"NM0826U-5876566-49/56","page_number":49,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"013e5989-6dd9-454d-994b-c9cf24f9b448","block_type":"box","text":"49","page_number":49,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"100ba433-61bf-43dd-8c38-3e160d1a0add","block_type":"box","text":"to any expense reimbursements or fee waivers, and the actual management fee rate gives effect to any management fee reimbursements or waivers. The Boa","page_number":50,"box":{"x":30,"y":69,"width":864,"height":11}},{"id":"8dedd683-e424-43b5-9f5f-b97b449c3f1d","block_type":"box","text":"rd considered","page_number":50,"box":{"x":895,"y":70,"width":74,"height":8}},{"id":"1ab84360-d736-4923-9650-08d682150a1f","block_type":"box","text":"that the fee and expense information in the Broadridge report for the Fund reflected information for a specific period and that historical asset level","page_number":50,"box":{"x":30,"y":84,"width":794,"height":11}},{"id":"db763139-d5c2-4c29-afef-7c0d292993b1","block_type":"box","text":"s and expenses may differ","page_number":50,"box":{"x":825,"y":84,"width":145,"height":11}},{"id":"7d7fa529-16de-4e1f-be52-6b1c35bcf819","block_type":"box","text":"from current levels, particularly in a period of market volatility. The Board also noted that while it found the expense comparison provided by Broadr","page_number":50,"box":{"x":30,"y":98,"width":812,"height":11}},{"id":"a22819bd-ea54-4335-872e-65ba572401f4","block_type":"box","text":"idge generally useful, it","page_number":50,"box":{"x":842,"y":98,"width":127,"height":11}},{"id":"ac87252a-5824-434f-b304-90de02bddd4a","block_type":"box","text":"recognized that the comparison is subject to Broadridge’s defined peer selection criteria and methodology. The Board considered the services provi","page_number":50,"box":{"x":31,"y":112,"width":798,"height":11}},{"id":"91588879-c3b8-4d9b-82b6-1074a8b437e5","block_type":"box","text":"ded and the fees charged","page_number":50,"box":{"x":831,"y":112,"width":138,"height":11}},{"id":"80b85cc2-be68-4c76-a56f-13ff901b60d9","block_type":"box","text":"by BlackRock and its affiliates to other types of clients with similar investment mandates, as applicable, including institutional accounts.","page_number":50,"box":{"x":31,"y":126,"width":735,"height":11}},{"id":"06d10d93-adaf-4a0f-b425-3a2c44730b1e","block_type":"box","text":"The Board reviewed BlackRock’s profitability methodology and was also provided with an estimated profitability analysis that detailed the revenue","page_number":50,"box":{"x":30,"y":151,"width":790,"height":11}},{"id":"3c45f771-1ef6-47b1-8bcf-2f43810f8398","block_type":"box","text":"s earned and the expenses","page_number":50,"box":{"x":821,"y":151,"width":148,"height":10}},{"id":"a98b7f46-963e-4a70-a00e-968e86632732","block_type":"box","text":"incurred by BlackRock for services provided to the Fund. The Board reviewed BlackRock’s estimated profitability with respect to the Fund and other fu","page_number":50,"box":{"x":31,"y":165,"width":811,"height":11}},{"id":"f0872715-16ea-4577-955e-ce28eba53bb7","block_type":"box","text":"nds the Board currently","page_number":50,"box":{"x":843,"y":165,"width":126,"height":11}},{"id":"014cb139-52bb-415e-89e7-0b2323c820e1","block_type":"box","text":"oversees for the year ended December 31, 2025 compared to available aggregate estimated profitability data provided for the prior two years. The Boar","page_number":50,"box":{"x":30,"y":179,"width":877,"height":11}},{"id":"6034d011-6110-4799-a6c5-8a4e2929b9c1","block_type":"box","text":"d reviewed","page_number":50,"box":{"x":908,"y":179,"width":61,"height":9}},{"id":"34c5450f-ace4-4612-ba19-576fcc36bb1a","block_type":"box","text":"BlackRock’s estimated profitability with respect to certain other U.S. fund complexes managed by the Manager and/or its affiliates. The Board revie","page_number":50,"box":{"x":31,"y":193,"width":842,"height":11}},{"id":"1c112ba0-0a4c-437a-bdab-9a9ecb46f307","block_type":"box","text":"wed BlackRock’s","page_number":50,"box":{"x":874,"y":193,"width":95,"height":9}},{"id":"dbe55c71-8a28-465b-8cf5-8b3ca7ed51e6","block_type":"box","text":"assumptions and methodology of allocating expenses in the estimated profitability analysis, noting the inherent limitations in allocating costs a","page_number":50,"box":{"x":30,"y":207,"width":762,"height":11}},{"id":"dc9d00c8-b8dc-4ce2-9d26-1422d0aa5902","block_type":"box","text":"mong various advisory products.","page_number":50,"box":{"x":794,"y":208,"width":174,"height":10}},{"id":"79632899-34b6-4dee-b567-749b0950236e","block_type":"box","text":"The Board recognized that profitability may be affected by numerous factors including, among other things, fee waivers and expense reimbursements b","page_number":50,"box":{"x":30,"y":222,"width":835,"height":10}},{"id":"b6047692-3a19-4068-a291-a8ec1f89d306","block_type":"box","text":"y the Manager, the","page_number":50,"box":{"x":866,"y":222,"width":103,"height":10}},{"id":"4e727fed-33d0-4d2a-9975-c07272c7d251","block_type":"box","text":"types of funds managed, precision of expense allocations and business mix. The Board thus recognized the limitations of calculating and comparing pr","page_number":50,"box":{"x":30,"y":236,"width":854,"height":11}},{"id":"1541ad20-e293-494c-afbf-fb54990e36ae","block_type":"box","text":"ofitability at the","page_number":50,"box":{"x":884,"y":236,"width":85,"height":11}},{"id":"7a7e3bcd-85e6-4b78-adb0-a208f5a629b2","block_type":"box","text":"individual fund level.","page_number":50,"box":{"x":31,"y":250,"width":109,"height":9}},{"id":"ccd690d6-8822-40aa-be1e-89d91638ad59","block_type":"box","text":"The Board received and reviewed statements relating to BlackRock’s financial condition. The Board reviewed BlackRock’s overall operating margin,","page_number":50,"box":{"x":30,"y":274,"width":805,"height":11}},{"id":"076fe194-0df6-46e2-b3a2-f19f9ab45583","block_type":"box","text":"in general, compared to","page_number":50,"box":{"x":840,"y":275,"width":129,"height":10}},{"id":"b7b2d1bb-b454-4b53-8b9c-e174bc3c0daf","block_type":"box","text":"that of certain other publicly traded asset management firms. The Board considered the differences between BlackRock and these other firms, includi","page_number":50,"box":{"x":30,"y":289,"width":822,"height":10}},{"id":"9f1db015-a4ca-4d7f-aeb3-5b1842bd20c3","block_type":"box","text":"ng the contribution of","page_number":50,"box":{"x":854,"y":289,"width":116,"height":10}},{"id":"ebea004c-8b25-4864-82dc-ede3981094b7","block_type":"box","text":"BlackRock’s technology business, BlackRock’s expense management, and the relative product mix. The Board noted that, in general, individual fund o","page_number":50,"box":{"x":31,"y":303,"width":806,"height":11}},{"id":"f6bb9e07-4ef9-43cf-a7dc-95f4a139e252","block_type":"box","text":"r product line profitability","page_number":50,"box":{"x":838,"y":303,"width":131,"height":11}},{"id":"8114356d-a129-4b4f-8865-dbdcefd20171","block_type":"box","text":"information for other advisors is not publicly available.","page_number":50,"box":{"x":31,"y":317,"width":292,"height":11}},{"id":"03545d7a-69cb-4159-b131-9bfde26f6abc","block_type":"box","text":"The Board considered whether BlackRock has the financial resources necessary to attract and retain high quality investment management personnel to","page_number":50,"box":{"x":30,"y":341,"width":816,"height":11}},{"id":"2870cabb-aa21-47bc-a8ad-1ffa179b4037","block_type":"box","text":"perform its obligations","page_number":50,"box":{"x":850,"y":341,"width":119,"height":11}},{"id":"fa9f70cd-137b-47de-9424-df78666a2e55","block_type":"box","text":"under the Agreements and to continue to provide the high quality of services that is expected by the Board. The Board further considered factors includ","page_number":50,"box":{"x":31,"y":356,"width":826,"height":11}},{"id":"64b9c76e-43d2-456a-9c23-aa261a613c4f","block_type":"box","text":"ing but not limited to","page_number":50,"box":{"x":859,"y":356,"width":110,"height":11}},{"id":"64d1f352-7104-40cb-b77e-5e1e7da0c878","block_type":"box","text":"BlackRock’s commitment of time and resources, assumption of risk, and liability profile in servicing the Fund, including in contrast to what is requi","page_number":50,"box":{"x":31,"y":370,"width":777,"height":11}},{"id":"0f69703d-9851-462c-96d6-011acd52ed6b","block_type":"box","text":"red of BlackRock with respect","page_number":50,"box":{"x":810,"y":370,"width":159,"height":11}},{"id":"408a3521-604f-45c9-afb1-f812c5091319","block_type":"box","text":"to other products with similar investment mandates across the open-end fund, closed-end fund, sub-advised mutual fund, collective investment trus","page_number":50,"box":{"x":30,"y":384,"width":793,"height":11}},{"id":"49e89b19-7804-4f21-80f3-107be98f9edc","block_type":"box","text":"t, and institutional separate","page_number":50,"box":{"x":824,"y":384,"width":145,"height":11}},{"id":"4e0e52bc-3970-4ad8-bdef-8a8fd2646994","block_type":"box","text":"account product channels, as applicable.","page_number":50,"box":{"x":30,"y":398,"width":223,"height":11}},{"id":"a2160e1e-fec2-47b6-9857-0561ca7ea94c","block_type":"box","text":"The Board noted that the Fund’s contractual management fee rate ranked in the first quartile, and that the actual management fee rate and total expense","page_number":50,"box":{"x":30,"y":423,"width":836,"height":11}},{"id":"c614b6ca-08be-4951-95e1-8f279affa9ec","block_type":"box","text":"ratio ranked in the","page_number":50,"box":{"x":871,"y":423,"width":98,"height":8}},{"id":"02475532-3cfe-4091-86da-c8a7be49d52e","block_type":"box","text":"second and first quartiles, respectively, relative to the Expense Peers. The Board also noted, as an additional point of reference, BlackRock provid","page_number":50,"box":{"x":30,"y":437,"width":826,"height":11}},{"id":"a7637850-61cc-4a14-9d59-e1dd3fd771e7","block_type":"box","text":"ed the Board with a","page_number":50,"box":{"x":858,"y":437,"width":111,"height":8}},{"id":"6f03d832-495d-448c-b93b-379bf03ee37f","block_type":"box","text":"supplemental peer group consisting of funds that BlackRock believes are generally similar to the Fund. The Board noted that the Fund’s management fee","page_number":50,"box":{"x":30,"y":451,"width":860,"height":11}},{"id":"f17a4096-2f69-48ab-9cc8-dac1a441944f","block_type":"box","text":"rate and total","page_number":50,"box":{"x":896,"y":451,"width":72,"height":9}},{"id":"9f4480b0-4242-46fb-88d9-30b5fa9ba7d1","block_type":"box","text":"expense ratio each ranked in the first quartile relative to the supplemental peer group. In addition, the Board noted that the Fund is party to an expens","page_number":50,"box":{"x":30,"y":465,"width":817,"height":11}},{"id":"a4e26436-9add-44d4-b888-5085c3af6d39","block_type":"box","text":"e limitation agreement","page_number":50,"box":{"x":848,"y":465,"width":121,"height":11}},{"id":"5b379a79-dc77-48c6-b1eb-4bf1c34597e5","block_type":"box","text":"pursuant to which BlackRock has contractually agreed to waive and/or reimburse certain operating and other expenses to a specified amount of the Fund","page_number":50,"box":{"x":31,"y":479,"width":831,"height":11}},{"id":"3a50de27-3c5b-40ab-9bf3-5e2b088a5ba1","block_type":"box","text":"’s average daily net","page_number":50,"box":{"x":864,"y":480,"width":105,"height":10}},{"id":"fa7009a1-8501-4670-bf8a-94cf253fcc75","block_type":"box","text":"assets.","page_number":50,"box":{"x":30,"y":494,"width":38,"height":8}},{"id":"8bb51594-5a14-48db-89a4-030ee3895cde","block_type":"box","text":"D. Economies of Scale","page_number":50,"box":{"x":30,"y":518,"width":136,"height":9}},{"id":"4283743f-0c3d-4e1b-9946-12145899ebe0","block_type":"box","text":"The Board, including the Independent Board Members, considered the extent to which any economies of scale might benefit the Fund in a variety of ways as","page_number":50,"box":{"x":30,"y":543,"width":846,"height":10}},{"id":"80070460-1ce1-4da9-8d09-4bad8fc67fb1","block_type":"box","text":"the assets of the","page_number":50,"box":{"x":880,"y":543,"width":89,"height":8}},{"id":"fdbd28ef-29bc-493f-99f9-b15c416bc71e","block_type":"box","text":"Fund increase. The Board considered multiple factors, including the advisory fee rate and breakpoints, fee waivers, and/or expense caps, as applica","page_number":50,"box":{"x":31,"y":557,"width":795,"height":11}},{"id":"9d1f1260-98f8-40f0-ac81-7bc32ae7ab6d","block_type":"box","text":"ble. The Board considered","page_number":50,"box":{"x":827,"y":557,"width":142,"height":8}},{"id":"ad2b23a0-6ff7-41cf-8abc-be936ab29663","block_type":"box","text":"the Fund’s asset levels and whether the current fee was appropriate.","page_number":50,"box":{"x":30,"y":571,"width":375,"height":11}},{"id":"921b5de3-e3b1-4a30-a7c0-2c312524ced8","block_type":"box","text":"E. Other Factors Deemed Relevant by the Board Members","page_number":50,"box":{"x":30,"y":595,"width":343,"height":11}},{"id":"55215934-6c78-4c67-8a1d-c7901ade874b","block_type":"box","text":"The Board, including the Independent Board Members, also took into account other ancillary or “fall-out” benefits that BlackRock or its affiliates m","page_number":50,"box":{"x":30,"y":620,"width":790,"height":11}},{"id":"1fc5ff24-f961-4f8c-b683-24f8125341d1","block_type":"box","text":"ay derive from BlackRock’s","page_number":50,"box":{"x":821,"y":620,"width":148,"height":11}},{"id":"f2b0ee6e-2687-4ff7-8b2f-3c60f4db6f64","block_type":"box","text":"respective relationships with the Fund, both tangible and intangible, such as BlackRock’s ability to leverage its investment professionals who man","page_number":50,"box":{"x":31,"y":634,"width":792,"height":11}},{"id":"81bd7728-41fd-48c1-a67e-1be951e56ca8","block_type":"box","text":"age other portfolios and its","page_number":50,"box":{"x":824,"y":634,"width":145,"height":11}},{"id":"8b63bef8-4007-4908-9e9b-bffc63f1bcb7","block_type":"box","text":"risk management personnel, an increase in BlackRock’s profile in the investment advisory community, and the engagement of BlackRock’s affiliates a","page_number":50,"box":{"x":31,"y":648,"width":803,"height":11}},{"id":"f6e11030-c5ba-47ea-957a-45b8412c30df","block_type":"box","text":"s service providers to the","page_number":50,"box":{"x":835,"y":648,"width":134,"height":11}},{"id":"cf6e350e-6e0b-4ab1-a661-9af6be8d10cb","block_type":"box","text":"Fund, including for administrative, securities lending and cash management services. The Board also noted the revenue received by BlackRock and/or","page_number":50,"box":{"x":31,"y":662,"width":822,"height":11}},{"id":"85451c3b-9a21-4322-861e-784e539eff10","block_type":"box","text":"its affiliates pursuant","page_number":50,"box":{"x":858,"y":662,"width":111,"height":11}},{"id":"49e16e09-6384-4e02-9104-48178a1df225","block_type":"box","text":"to an agreement that permits a service provider to use certain portions of BlackRock’s technology platform to service accounts managed by BlackRock a","page_number":50,"box":{"x":30,"y":677,"width":817,"height":11}},{"id":"38da1b69-fcfd-4c46-8d8e-d448dda358c1","block_type":"box","text":"nd/or its affiliates. With","page_number":50,"box":{"x":848,"y":677,"width":121,"height":8}},{"id":"9bf5abc4-c5b9-4ce7-8d2d-625dafc1f9dd","block_type":"box","text":"respect to securities lending, during the year the Board also considered information provided by independent third-party consultants related to th","page_number":50,"box":{"x":31,"y":691,"width":810,"height":11}},{"id":"809a1be6-62d5-40ad-9846-d6b651710649","block_type":"box","text":"e performance of each","page_number":50,"box":{"x":842,"y":691,"width":127,"height":11}},{"id":"13188f8e-d566-41d3-9355-e9c957474543","block_type":"box","text":"BlackRock affiliate as securities lending agent. The Board considered BlackRock’s overall operations and its efforts to expand the scale of, and imp","page_number":50,"box":{"x":31,"y":705,"width":818,"height":11}},{"id":"e2ae999a-e439-4930-b738-285e1bbe01c8","block_type":"box","text":"rove the quality of, its","page_number":50,"box":{"x":850,"y":705,"width":119,"height":11}},{"id":"4f2a0908-c19a-47e8-a320-5f463205ac2f","block_type":"box","text":"operations. The Board noted that, subject to applicable law, BlackRock may use and benefit from third-party research obtained by soft dollars genera","page_number":50,"box":{"x":30,"y":719,"width":807,"height":11}},{"id":"e9609c1e-9d28-4985-82a7-e5dc67ea0d23","block_type":"box","text":"ted by certain registered","page_number":50,"box":{"x":838,"y":719,"width":131,"height":11}},{"id":"007a2403-b3a2-42f6-95d7-e151d559810d","block_type":"box","text":"fund transactions to assist in managing all or a number of its other client accounts. Throughout the year, the Board also received information and repo","page_number":50,"box":{"x":30,"y":733,"width":831,"height":11}},{"id":"77fe4650-c2f8-4948-ac06-cfd9610fbdcb","block_type":"box","text":"rting, as applicable,","page_number":50,"box":{"x":862,"y":734,"width":106,"height":10}},{"id":"02e5112b-8c6d-4f00-8700-93db08ac140a","block_type":"box","text":"regarding BlackRock’s soft dollar, brokerage, and trade execution practices.","page_number":50,"box":{"x":31,"y":748,"width":413,"height":10}},{"id":"7e34d47a-b9f3-4616-9edd-7778ad18a814","block_type":"box","text":"Conclusion","page_number":50,"box":{"x":30,"y":772,"width":66,"height":9}},{"id":"d373390e-5016-4ec8-9f20-69ebf4a55f0c","block_type":"box","text":"At the June Meeting, in a continuation of the discussions that occurred during the May Meeting, and as a culmination of the Board’s year-long deliberat","page_number":50,"box":{"x":30,"y":797,"width":814,"height":10}},{"id":"8eef3e67-b702-4dd4-87e3-09f0f756ecd6","block_type":"box","text":"ive process, the Board,","page_number":50,"box":{"x":845,"y":797,"width":123,"height":10}},{"id":"74273695-fc66-440f-bb1e-4a3599ffd85c","block_type":"box","text":"including the Independent Board Members, unanimously approved the continuation of the Advisory Agreement between the Manager and the Fund for a one-","page_number":50,"box":{"x":31,"y":811,"width":846,"height":11}},{"id":"3a30e3b7-bf34-4eee-9b07-99e35f4c950e","block_type":"box","text":"year term ending","page_number":50,"box":{"x":878,"y":811,"width":91,"height":11}},{"id":"be7f184d-ec45-4f8f-923e-2d783f46e76d","block_type":"box","text":"June 30, 2027, and the Sub-Advisory Agreements among the Manager, the Sub-Advisors, and the Fund for a one-year term ending June 30, 2027. Based upon it","page_number":50,"box":{"x":30,"y":825,"width":873,"height":11}},{"id":"5fa780e2-9eb4-4a69-b2f9-ee63def404d6","block_type":"box","text":"s evaluation","page_number":50,"box":{"x":904,"y":825,"width":65,"height":8}},{"id":"ded9e439-7dbb-46a5-afda-bc0cd0301143","block_type":"box","text":"of all of the aforementioned factors in their totality, as well as other information, the Board, including the Independent Board Members, was satisfi","page_number":50,"box":{"x":30,"y":839,"width":807,"height":11}},{"id":"5b3187b7-29ac-4953-a335-7beb7ee8eddf","block_type":"box","text":"ed that the terms of the","page_number":50,"box":{"x":839,"y":839,"width":130,"height":9}},{"id":"faa7d1b6-9798-4df7-98ff-eac6c4075260","block_type":"box","text":"Agreements were fair and reasonable and in the best interest of the Fund and its shareholders. In arriving at its decision to approve the Agreements, th","page_number":50,"box":{"x":30,"y":853,"width":814,"height":11}},{"id":"3c231cef-3291-4b7c-8cc1-1f1a6a7e5826","block_type":"box","text":"e Board did not identify","page_number":50,"box":{"x":845,"y":853,"width":124,"height":11}},{"id":"18a93339-6879-4642-8201-e968a3c83c3d","block_type":"box","text":"any single factor or group of factors as all-important or controlling, but considered all factors together, and different Board Members may have attr","page_number":50,"box":{"x":30,"y":867,"width":781,"height":11}},{"id":"bb2d363b-8e98-47ca-bc5c-18a2669a6a79","block_type":"box","text":"ibuted different weights to the","page_number":50,"box":{"x":811,"y":867,"width":158,"height":11}},{"id":"49bab7f7-499e-4ece-a048-17a9262515a7","block_type":"box","text":"various factors considered. The Independent Board Members were advised by independent legal counsel throughout the deliberative process.","page_number":50,"box":{"x":30,"y":882,"width":776,"height":10}},{"id":"127f4a58-7519-4d62-8922-1183ff457ebc","block_type":"box","text":"Disclosure of Investment Advisory Agreement and Sub-Advisory Agreements","page_number":50,"box":{"x":31,"y":28,"width":652,"height":17}},{"id":"6f4ed7ba-e489-4433-acf0-422aadbc011a","block_type":"box","text":"(continued)","page_number":50,"box":{"x":695,"y":32,"width":61,"height":11}},{"id":"7b214c77-c05f-4518-897f-7e4e35feb46d","block_type":"box","text":"50","page_number":50,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"12babb91-5e7d-4f06-86f9-a8bee85c031f","block_type":"box","text":"2026","page_number":50,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"165d7b2c-00e6-4fc9-91d6-b34583f512aa","block_type":"box","text":"B","page_number":50,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"00d1f74c-1db4-43d7-a2c9-f0e3d39272e6","block_type":"box","text":"LACK","page_number":50,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"57ff9367-aa74-4cb3-af16-d69838be2a7c","block_type":"box","text":"R","page_number":50,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"3047d89f-bf48-4a45-b261-621b93b2c231","block_type":"box","text":"OCK","page_number":50,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"68ced78f-3ddc-43eb-8d49-ea25851cfb62","block_type":"box","text":"S","page_number":50,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"fcef2829-ad8b-4a7c-9981-ee2810837b1f","block_type":"box","text":"EMI","page_number":50,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"a53f61ae-23a9-4b16-a150-abd06eb5bd7e","block_type":"box","text":"-A","page_number":50,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"8b52c6c8-877c-4b06-8c5a-dd8707026c85","block_type":"box","text":"NNUAL","page_number":50,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"6b94cf2f-7ccc-4f15-9e48-cc87cf3e431f","block_type":"box","text":"NM0826U-5876566-50/56 R EPORT TO S HARE","page_number":50,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"0fd738db-fd96-450e-93e2-96c170e64afc","block_type":"box","text":"NM\r\nR","page_number":50,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"1af144f0-f187-4aee-9cb3-1be4174ecd25","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":50,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"062536e6-f505-4432-a177-ee53b0965629","block_type":"box","text":"66\r\nS","page_number":50,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"571f6b83-1c10-4ae8-92f6-cb4089a54768","block_type":"box","text":"-50/56 \r\nHAREHOLDERS","page_number":50,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"4086d6a0-f811-4261-b210-2e55ae1060f3","block_type":"box","text":"General Information","page_number":51,"box":{"x":30,"y":70,"width":143,"height":10}},{"id":"36c34e81-9c0a-473d-9a9b-9ad794c8a338","block_type":"box","text":"The Fund’s Statement of Additional Information includes additional information about its Board and is available, without charge upon request by cal","page_number":51,"box":{"x":30,"y":97,"width":802,"height":10}},{"id":"bc383f04-9d42-4c31-959b-3c9270c64de1","block_type":"box","text":"ling (800) 882-0052.","page_number":51,"box":{"x":834,"y":97,"width":109,"height":10}},{"id":"801163c7-48a9-4e16-9514-52db291e70ec","block_type":"box","text":"The following information is a summary of certain changes since December 31, 2025. This information may not reflect all of the changes that have occurr","page_number":51,"box":{"x":30,"y":121,"width":867,"height":11}},{"id":"d6825ab8-3452-43a3-abd8-789b29f87cc8","block_type":"box","text":"ed since you","page_number":51,"box":{"x":898,"y":121,"width":70,"height":11}},{"id":"e9215730-72fb-44e3-b6f8-80037f8af18e","block_type":"box","text":"purchased the Fund.","page_number":51,"box":{"x":31,"y":135,"width":111,"height":11}},{"id":"6b9bcd10-7a13-43e7-9df4-8e9504158900","block_type":"box","text":"Except if noted otherwise herein, there were no changes to the Fund’s charter or by-laws that would delay or prevent a change of control of the Fund that w","page_number":51,"box":{"x":31,"y":160,"width":845,"height":11}},{"id":"219d643b-2438-4e47-8edc-cf26a3c3b830","block_type":"box","text":"ere not approved","page_number":51,"box":{"x":876,"y":160,"width":93,"height":10}},{"id":"36cd6108-804c-434b-91a3-8e6f689c38a9","block_type":"box","text":"by the shareholders.","page_number":51,"box":{"x":31,"y":174,"width":110,"height":11}},{"id":"026d05b5-f781-4de2-929c-c80b78961a06","block_type":"box","text":"In accordance with Section 23(c) of the Investment Company Act of 1940, the Fund may from time to time purchase shares of its common stock in the open mark","page_number":51,"box":{"x":31,"y":198,"width":862,"height":11}},{"id":"013df110-a149-4895-9159-e819173bb986","block_type":"box","text":"et or in private","page_number":51,"box":{"x":893,"y":199,"width":76,"height":10}},{"id":"b7f570a3-31a7-4965-8cfc-561e9fc90f7c","block_type":"box","text":"transactions.","page_number":51,"box":{"x":30,"y":213,"width":69,"height":8}},{"id":"8c43f870-647f-4cc3-bea4-5239ed372d9d","block_type":"box","text":"Quarterly performance, shareholder reports, current net asset value and other information regarding the Fund may be found on BlackRock’s website, w","page_number":51,"box":{"x":30,"y":237,"width":821,"height":11}},{"id":"219a2774-7887-4294-a49a-6a2fc704dc10","block_type":"box","text":"hich can be accessed","page_number":51,"box":{"x":852,"y":237,"width":117,"height":9}},{"id":"b968f010-e855-491b-a370-d691cf05427e","block_type":"box","text":"at","page_number":51,"box":{"x":30,"y":252,"width":10,"height":8}},{"id":"5d75dbc9-e025-4fb1-b0d5-64f86bba40a9","block_type":"box","text":"blackrock.com","page_number":51,"box":{"x":44,"y":251,"width":85,"height":9}},{"id":"aafc18c1-80d0-4427-a957-5d9ef681e7e1","block_type":"box","text":". Any reference to BlackRock’s website in this report is intended to allow investors public access to information regarding the Fund and does not, and i","page_number":51,"box":{"x":131,"y":251,"width":811,"height":11}},{"id":"4e2d40a7-955d-4cae-8c1a-e2c35294ad69","block_type":"box","text":"s not","page_number":51,"box":{"x":943,"y":252,"width":26,"height":8}},{"id":"0236c6e6-6ea6-4e07-afc7-685e9913cc25","block_type":"box","text":"intended to, incorporate BlackRock’s website in this report.","page_number":51,"box":{"x":31,"y":266,"width":319,"height":10}},{"id":"89e11063-3cef-4cc1-ae68-a35e2a160020","block_type":"box","text":"Electronic Delivery","page_number":51,"box":{"x":31,"y":291,"width":135,"height":14}},{"id":"a701646c-679e-454b-a259-4253b131f166","block_type":"box","text":"Shareholders can sign up for e-mail notifications of quarterly statements, annual and semi-annual shareholder reports and prospectuses by enrolli","page_number":51,"box":{"x":30,"y":318,"width":790,"height":11}},{"id":"a4b6457e-61a7-4b0e-a8ac-b1f82f17db3f","block_type":"box","text":"ng in the electronic delivery","page_number":51,"box":{"x":822,"y":318,"width":147,"height":11}},{"id":"f2796b6b-a7e0-44e8-8409-af611bca5042","block_type":"box","text":"program. Electronic copies of shareholder reports and prospectuses are available on BlackRock’s website.","page_number":51,"box":{"x":31,"y":332,"width":581,"height":11}},{"id":"e4c14e35-f827-424c-8777-08432408833e","block_type":"box","text":"To enroll in electronic delivery:","page_number":51,"box":{"x":30,"y":357,"width":165,"height":11}},{"id":"35846829-9ec1-4894-ae28-c335d546f606","block_type":"box","text":"Shareholders Who Hold Accounts with Investment Advisers, Banks or Brokerages:","page_number":51,"box":{"x":30,"y":383,"width":594,"height":13}},{"id":"e5aebebf-1437-4801-9a72-42bbeaab59e0","block_type":"box","text":"Please contact your financial adviser. Please note that not all investment advisers, banks or brokerages may offer this service.","page_number":51,"box":{"x":31,"y":410,"width":688,"height":11}},{"id":"f21471cc-5eaa-45f1-a8af-f40aeb778b63","block_type":"box","text":"Householding","page_number":51,"box":{"x":31,"y":436,"width":99,"height":13}},{"id":"4c4040b2-5cf0-43c2-b1bb-6fc28b97eecb","block_type":"box","text":"The Fund will mail only one copy of shareholder documents, including prospectuses, annual and semi-annual reports, Rule 30e-3 notices and proxy stat","page_number":51,"box":{"x":30,"y":463,"width":879,"height":11}},{"id":"be181754-1e4f-4edb-a087-97d64f08b593","block_type":"box","text":"ements, to","page_number":51,"box":{"x":910,"y":463,"width":59,"height":10}},{"id":"64c89569-38fa-4233-a93a-f1c1f529660d","block_type":"box","text":"shareholders with multiple accounts at the same address. This practice is commonly called “householding” and is intended to reduce expenses and elim","page_number":51,"box":{"x":30,"y":477,"width":857,"height":11}},{"id":"e3ad6ce6-ec1a-458d-8fd6-2aa2624ec809","block_type":"box","text":"inate duplicate","page_number":51,"box":{"x":889,"y":477,"width":80,"height":11}},{"id":"f904cf3e-b367-4099-9fcb-ff0ca0976f32","block_type":"box","text":"mailings of shareholder documents. Mailings of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you","page_number":51,"box":{"x":31,"y":491,"width":808,"height":11}},{"id":"fb8ec615-0345-4a94-9166-4464d4a4b838","block_type":"box","text":"do not want the mailing","page_number":51,"box":{"x":843,"y":491,"width":125,"height":11}},{"id":"1111f70f-5c47-496d-8bfe-091b001106ce","block_type":"box","text":"of these documents to be combined with those for other members of your household, please call the Fund at (800) 882-0052.","page_number":51,"box":{"x":30,"y":505,"width":684,"height":11}},{"id":"49142d91-2961-46b8-a85f-1d1918dd2f70","block_type":"box","text":"Availability of Quarterly Schedule of Investments","page_number":51,"box":{"x":30,"y":531,"width":352,"height":13}},{"id":"a4ebe5eb-8787-4ce9-925e-9efc1e4051db","block_type":"box","text":"The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports o","page_number":51,"box":{"x":30,"y":558,"width":785,"height":11}},{"id":"e66ec627-1dbd-41aa-9f71-c7188dcbffcd","block_type":"box","text":"n Form N-PORT. The Fund’s","page_number":51,"box":{"x":816,"y":558,"width":153,"height":9}},{"id":"1615a9e3-eb5f-4837-8ce7-6c4d61c363b2","block_type":"box","text":"Form N-PORT is available on the SEC’s website at","page_number":51,"box":{"x":31,"y":572,"width":278,"height":9}},{"id":"db5d69ad-6373-4839-8ea7-f035aba051db","block_type":"box","text":"sec.gov","page_number":51,"box":{"x":313,"y":575,"width":46,"height":8}},{"id":"5d6e83a7-93fd-4a63-b874-0cb7c8338ad3","block_type":"box","text":". Additionally, the Fund makes its portfolio holdings for the first and third quarters of each fiscal year available at","page_number":51,"box":{"x":360,"y":572,"width":609,"height":11}},{"id":"e88b9dba-d953-49ca-9159-ef2c5747e1a6","block_type":"box","text":"blackrock.com/fundreports","page_number":51,"box":{"x":31,"y":586,"width":158,"height":11}},{"id":"9a992d48-6104-436c-a3c2-8cafc2c05707","block_type":"box","text":".","page_number":51,"box":{"x":191,"y":594,"width":1,"height":1}},{"id":"cafe1478-9c62-4609-b0c4-f269b870b3ee","block_type":"box","text":"Availability of Proxy Voting Policies, Procedures and Voting Records","page_number":51,"box":{"x":30,"y":612,"width":489,"height":14}},{"id":"8f949650-06d3-4758-88b7-917d6a4c9202","block_type":"box","text":"The Board of Trustees of the Fund has delegated the voting of proxies for the Fund’s securities to BlackRock Advisors, LLC (the “Adviser”) pursuant to t","page_number":51,"box":{"x":30,"y":639,"width":826,"height":11}},{"id":"ebbc2a42-d7c0-46de-b2f3-2b4f641337e4","block_type":"box","text":"he Closed-End Fund","page_number":51,"box":{"x":857,"y":639,"width":112,"height":9}},{"id":"9e2f4bf1-37b5-49c2-8606-f87968a94ce8","block_type":"box","text":"Proxy Voting Policy. The Adviser has adopted the BlackRock Active Investment Stewardship - Global Engagement and Voting Guidelines (the “BAIS Guide","page_number":51,"box":{"x":31,"y":653,"width":835,"height":11}},{"id":"d69cd2aa-3f52-4ca1-a5ad-b55c4162d808","block_type":"box","text":"lines”) with respect","page_number":51,"box":{"x":868,"y":653,"width":101,"height":11}},{"id":"49665a6c-b7d8-49d5-b05c-fd00980d17c6","block_type":"box","text":"to certain funds, including the Fund. The BAIS Guidelines are available at","page_number":51,"box":{"x":30,"y":668,"width":402,"height":10}},{"id":"165f3dc2-c56e-478f-b4cc-8f735c849f0b","block_type":"box","text":"www.blackrock.com","page_number":51,"box":{"x":436,"y":668,"width":117,"height":8}},{"id":"cab1f10b-1a9e-412a-a868-ef6a53cafc4d","block_type":"box","text":".","page_number":51,"box":{"x":555,"y":675,"width":1,"height":1}},{"id":"e681754e-25a1-428d-986b-bff01d35e2ed","block_type":"box","text":"A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information abou","page_number":51,"box":{"x":30,"y":692,"width":821,"height":11}},{"id":"05e6e6ff-65e5-4562-b09b-099a227599e8","block_type":"box","text":"t how the Fund voted","page_number":51,"box":{"x":852,"y":692,"width":116,"height":9}},{"id":"5e4bc92f-5a12-4687-b0b9-5ff7fefa8683","block_type":"box","text":"proxies relating to securities held in the Fund’s portfolio during the most recent 12-month period ended June 30 is available without charge, upon req","page_number":51,"box":{"x":31,"y":706,"width":808,"height":11}},{"id":"71919231-ff70-4a84-85e4-bbbd61e69827","block_type":"box","text":"uest (1) by calling (800)","page_number":51,"box":{"x":841,"y":706,"width":128,"height":11}},{"id":"72f61ad7-1605-46c6-b7df-968cb780ce29","block_type":"box","text":"882-0052; (2) on the BlackRock website at","page_number":51,"box":{"x":30,"y":720,"width":233,"height":11}},{"id":"e7ac3323-df9e-4853-b1ad-a1efdba46d19","block_type":"box","text":"blackrock.com","page_number":51,"box":{"x":268,"y":721,"width":85,"height":8}},{"id":"b0de8ac4-d225-41fd-8b3c-53e3cdf86726","block_type":"box","text":"; and (3) on the SEC’s website at","page_number":51,"box":{"x":355,"y":720,"width":180,"height":11}},{"id":"8c45176e-22aa-486f-98dc-55127772cf9e","block_type":"box","text":"sec.gov","page_number":51,"box":{"x":538,"y":723,"width":46,"height":8}},{"id":"af4c22e8-6abe-4841-af04-0b066695a69b","block_type":"box","text":".","page_number":51,"box":{"x":585,"y":728,"width":1,"height":1}},{"id":"87683f2b-77ff-40d7-9bf7-156d2db8afa1","block_type":"box","text":"Availability of Fund Updates","page_number":51,"box":{"x":30,"y":746,"width":202,"height":14}},{"id":"ba9b7e5c-cbec-4bc1-8d5b-de5353cec45e","block_type":"box","text":"BlackRock will update performance and certain other data for the Fund on a monthly basis on its website in the “Closed-end Funds” section of","page_number":51,"box":{"x":31,"y":773,"width":789,"height":11}},{"id":"84be842f-7ccf-4874-a09c-8027d69821df","block_type":"box","text":"blackrock.com","page_number":51,"box":{"x":824,"y":773,"width":85,"height":9}},{"id":"a8d26b2c-9126-4722-930a-b49c20bf6c69","block_type":"box","text":"as well as","page_number":51,"box":{"x":914,"y":773,"width":55,"height":9}},{"id":"a3f56ee9-5fb4-4f9b-b90b-f6d71027bfe3","block_type":"box","text":"certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance info","page_number":51,"box":{"x":30,"y":788,"width":810,"height":10}},{"id":"c8276e61-fcab-4942-b79f-3bf4a5a12665","block_type":"box","text":"rmation and the release","page_number":51,"box":{"x":841,"y":788,"width":128,"height":8}},{"id":"a94bf866-0251-44c4-8873-7bad3dfa9132","block_type":"box","text":"of other material information about the Fund. This reference to BlackRock’s website is intended to allow investors public access to information rega","page_number":51,"box":{"x":30,"y":802,"width":804,"height":11}},{"id":"86a7035a-e196-4509-b3b9-873a44160428","block_type":"box","text":"rding the Fund and does","page_number":51,"box":{"x":836,"y":802,"width":133,"height":11}},{"id":"726e3722-bbb3-4a8a-8c74-fcb5d39b8474","block_type":"box","text":"not, and is not intended to, incorporate BlackRock’s website in this report.","page_number":51,"box":{"x":31,"y":816,"width":401,"height":11}},{"id":"e16c3a52-ed8f-4343-a145-08bfea179ca7","block_type":"box","text":"Fund and Service Providers","page_number":51,"box":{"x":31,"y":842,"width":198,"height":10}},{"id":"698a9fde-332d-41a0-82f9-ce93f487e336","block_type":"box","text":"Investment Adviser","page_number":51,"box":{"x":31,"y":880,"width":113,"height":9}},{"id":"8b9ea72b-6d6f-4556-af15-46c0ba72460d","block_type":"box","text":"BlackRock Advisors, LLC","page_number":51,"box":{"x":31,"y":895,"width":137,"height":10}},{"id":"d6fb8f10-8006-406a-9f12-81bcfbd90768","block_type":"box","text":"Wilmington, DE 19809","page_number":51,"box":{"x":30,"y":909,"width":123,"height":11}},{"id":"19d1fe77-e6d9-48f2-84d4-1207884cb16b","block_type":"box","text":"Sub-Adviser","page_number":51,"box":{"x":510,"y":880,"width":73,"height":9}},{"id":"9822b689-ab54-484d-a056-97dfe62dc901","block_type":"box","text":"BlackRock Capital Investment Advisors, LLC","page_number":51,"box":{"x":510,"y":895,"width":243,"height":10}},{"id":"ae389edb-5ba1-47ba-affa-cd45770bc826","block_type":"box","text":"New York, New York 10001","page_number":51,"box":{"x":510,"y":909,"width":147,"height":10}},{"id":"ba34f290-33d1-4ed5-9f4c-c78ef7bf04b9","block_type":"box","text":"Additional Information","page_number":51,"box":{"x":30,"y":28,"width":185,"height":13}},{"id":"5d70ce9f-96b1-471a-aa20-be84bd436c34","block_type":"box","text":"A","page_number":51,"box":{"x":30,"y":967,"width":7,"height":7}},{"id":"90105805-a334-41db-991a-84990a9d5d6b","block_type":"box","text":"DDITIONAL","page_number":51,"box":{"x":42,"y":969,"width":72,"height":5}},{"id":"27fff0fb-a858-49d1-aa17-f3244df1683c","block_type":"box","text":"I","page_number":51,"box":{"x":126,"y":967,"width":1,"height":7}},{"id":"9785b7dc-4769-47de-939e-138db065976f","block_type":"box","text":"NFORMATION","page_number":51,"box":{"x":132,"y":969,"width":85,"height":5}},{"id":"1c2e53c5-d506-418c-9c11-8da72f4f37b0","block_type":"box","text":"NM0826U-5876566-51/56","page_number":51,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"b70c905f-776e-414a-8a01-816e2d66bd42","block_type":"box","text":"51","page_number":51,"box":{"x":954,"y":965,"width":12,"height":9}},{"id":"f099db40-f3c6-4e0c-bff6-b47e96e3f350","block_type":"box","text":"Fund and Service Providers (continued)","page_number":52,"box":{"x":31,"y":70,"width":285,"height":13}},{"id":"35c17d63-fc49-4090-92a1-a9b69f293681","block_type":"box","text":"BlackRock International Limited","page_number":52,"box":{"x":31,"y":96,"width":171,"height":9}},{"id":"94c0081d-cf81-48a6-b331-5adf5c953229","block_type":"box","text":"Edinburgh, EH3 5PP","page_number":52,"box":{"x":31,"y":110,"width":113,"height":11}},{"id":"3741ea5a-bb8f-4007-a971-ea1f08c588be","block_type":"box","text":"United Kingdom","page_number":52,"box":{"x":31,"y":125,"width":86,"height":10}},{"id":"d06de7ad-3c28-4b74-a2c6-9bf3ee202c1f","block_type":"box","text":"BlackRock (Singapore) Limited","page_number":52,"box":{"x":31,"y":150,"width":168,"height":11}},{"id":"c6f9cd02-cdcb-4a5d-bf17-2e50e05acfbe","block_type":"box","text":"079912 Singapore","page_number":52,"box":{"x":30,"y":164,"width":101,"height":11}},{"id":"abea6786-ad77-4ab6-8796-8a51b31e81d0","block_type":"box","text":"Accounting Agent and Custodian","page_number":52,"box":{"x":30,"y":189,"width":195,"height":11}},{"id":"c5f10b2d-0c6a-4dc6-8364-b139b47aeb68","block_type":"box","text":"State Street Bank and Trust Company","page_number":52,"box":{"x":30,"y":203,"width":208,"height":11}},{"id":"7da4f747-f599-4841-b529-b948f475e9d8","block_type":"box","text":"Boston, MA 02114","page_number":52,"box":{"x":31,"y":217,"width":99,"height":10}},{"id":"2b3c6e8d-2ad5-4a8c-a2fd-b3feafc54852","block_type":"box","text":"Transfer Agent","page_number":52,"box":{"x":30,"y":242,"width":86,"height":11}},{"id":"841e60bd-db89-4795-aff1-76a604b4021f","block_type":"box","text":"BNY Mellon Investment Servicing (US) Inc.","page_number":52,"box":{"x":31,"y":256,"width":234,"height":11}},{"id":"cd768453-6ae1-4161-bdfc-e289390b7dd2","block_type":"box","text":"Westborough, MA 01581","page_number":52,"box":{"x":30,"y":270,"width":134,"height":11}},{"id":"286c65c5-5cdd-4b13-981a-46f49f349d78","block_type":"box","text":"Distributor","page_number":52,"box":{"x":31,"y":295,"width":62,"height":8}},{"id":"162cbf4c-2ed8-4bc8-8a69-4ad3284125ff","block_type":"box","text":"BlackRock Investments, LLC","page_number":52,"box":{"x":31,"y":309,"width":157,"height":10}},{"id":"d697317f-7ff4-4b9d-a1f4-3c6fa795af84","block_type":"box","text":"New York, NY 10001","page_number":52,"box":{"x":31,"y":323,"width":111,"height":10}},{"id":"89cb9d05-d4bb-4ef0-9936-1527f17b8cae","block_type":"box","text":"Independent Registered Public Accounting Firm","page_number":52,"box":{"x":510,"y":96,"width":283,"height":11}},{"id":"ad5d5999-0fcf-48d0-a934-75707abc7d27","block_type":"box","text":"Deloitte & Touche LLP","page_number":52,"box":{"x":510,"y":110,"width":121,"height":9}},{"id":"64599d98-ebee-4744-89ad-972bcbe5250f","block_type":"box","text":"Boston, MA 02110","page_number":52,"box":{"x":510,"y":125,"width":99,"height":10}},{"id":"8b9c0080-ff26-4ed8-9bbd-92dd57deaa11","block_type":"box","text":"Legal Counsel","page_number":52,"box":{"x":510,"y":149,"width":83,"height":11}},{"id":"d2997783-5d76-4e93-90de-85739b3e40eb","block_type":"box","text":"Willkie Farr & Gallagher LLP","page_number":52,"box":{"x":509,"y":163,"width":156,"height":11}},{"id":"ce1ad9d4-f5ce-4542-b68e-e8cda54066f4","block_type":"box","text":"New York, NY 10019","page_number":52,"box":{"x":510,"y":177,"width":113,"height":10}},{"id":"e59ece45-4ed2-4a0d-8580-b56951d148a5","block_type":"box","text":"Address of the Fund","page_number":52,"box":{"x":509,"y":202,"width":121,"height":8}},{"id":"a903cb0c-8b67-45b6-bcd7-f3ec0a7549a9","block_type":"box","text":"100 Bellevue Parkway","page_number":52,"box":{"x":511,"y":216,"width":121,"height":11}},{"id":"d0bbfe31-b944-427c-b97b-6ecbcad820b3","block_type":"box","text":"Wilmington, DE 19809","page_number":52,"box":{"x":509,"y":229,"width":123,"height":11}},{"id":"61a950c1-880f-417f-98d4-25b942e67598","block_type":"box","text":"Additional Information","page_number":52,"box":{"x":30,"y":28,"width":185,"height":13}},{"id":"d3530040-efb7-4261-bb11-29a0888f0be9","block_type":"box","text":"(continued)","page_number":52,"box":{"x":228,"y":32,"width":60,"height":11}},{"id":"8c33dcd4-aed6-4ffe-a292-add8951dee5c","block_type":"box","text":"52","page_number":52,"box":{"x":30,"y":965,"width":14,"height":9}},{"id":"8dcd6721-07f2-4fcb-accb-c93556f0aa7b","block_type":"box","text":"2026","page_number":52,"box":{"x":524,"y":969,"width":27,"height":5}},{"id":"6345f486-c265-4a04-ab5b-e4eeb8fab88b","block_type":"box","text":"B","page_number":52,"box":{"x":563,"y":967,"width":6,"height":7}},{"id":"ecc898b6-2e46-420d-b494-4fec5cf6046e","block_type":"box","text":"LACK","page_number":52,"box":{"x":574,"y":969,"width":31,"height":5}},{"id":"0958a948-1eac-48a3-a4ab-fdde2673bf49","block_type":"box","text":"R","page_number":52,"box":{"x":610,"y":967,"width":7,"height":7}},{"id":"1e218560-40f1-4706-a25b-ec296ac01c96","block_type":"box","text":"OCK","page_number":52,"box":{"x":622,"y":969,"width":24,"height":5}},{"id":"59164bc4-4344-46c9-bb2a-21eaa1e81563","block_type":"box","text":"S","page_number":52,"box":{"x":657,"y":967,"width":7,"height":7}},{"id":"9b43e16e-4ef5-4593-ba5d-610d24d5b6ae","block_type":"box","text":"EMI","page_number":52,"box":{"x":669,"y":969,"width":20,"height":5}},{"id":"e7668bba-e668-4263-b7da-c3059894653f","block_type":"box","text":"-A","page_number":52,"box":{"x":694,"y":967,"width":15,"height":7}},{"id":"6b745ef8-f76f-4243-b5ff-97a555629683","block_type":"box","text":"NNUAL","page_number":52,"box":{"x":713,"y":969,"width":41,"height":5}},{"id":"57ac4298-3779-48d3-bac4-fb76f133c917","block_type":"box","text":"NM0826U-5876566-52/56 R EPORT TO S HARE","page_number":52,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"9c8a2ea1-0772-4d73-bec6-7287a815ecbd","block_type":"box","text":"NM\r\nR","page_number":52,"box":{"x":766,"y":967,"width":7,"height":7}},{"id":"7b66e807-5fb9-46d6-bdd0-f4b685517e0e","block_type":"box","text":"M0826U-5876\r\nEPORT TO","page_number":52,"box":{"x":778,"y":969,"width":66,"height":5}},{"id":"8191fb44-704d-4e00-ac00-17cab86acb87","block_type":"box","text":"66\r\nS","page_number":52,"box":{"x":856,"y":967,"width":7,"height":7}},{"id":"658f2a5d-94dd-42c0-bca3-0a7b97d17699","block_type":"box","text":"-52/56 \r\nHAREHOLDERS","page_number":52,"box":{"x":868,"y":969,"width":97,"height":5}},{"id":"1adab721-8842-4aef-b6eb-95f7f980df87","block_type":"box","text":"Currency Abbreviation","page_number":53,"box":{"x":30,"y":72,"width":155,"height":13}},{"id":"f2b6f6fa-04d1-47b2-9511-ee6172b88f12","block_type":"box","text":"EUR Euro","page_number":53,"box":{"x":31,"y":106,"width":149,"height":8}},{"id":"764d80ab-9f7e-4f41-9c02-4ccf3557ebdc","block_type":"box","text":"Portfolio Abbreviation","page_number":53,"box":{"x":31,"y":141,"width":149,"height":10}},{"id":"0a8932c9-dc8c-43f6-9a4f-79e7dea0c60c","block_type":"box","text":"CLO Collateralized Loan Obligation","page_number":53,"box":{"x":30,"y":175,"width":289,"height":11}},{"id":"4963c415-15b8-48c1-bbb1-408ec90e8b91","block_type":"box","text":"CME Chicago Mercantile Exchange","page_number":53,"box":{"x":30,"y":194,"width":288,"height":11}},{"id":"b81fe7c7-46d4-48ae-a445-afe4a1a1bc73","block_type":"box","text":"CMT Constant Maturity Treasury","page_number":53,"box":{"x":30,"y":214,"width":273,"height":10}},{"id":"dbc03358-a406-45cf-be9b-f61febbb4144","block_type":"box","text":"DIP Debtor-In-Possession","page_number":53,"box":{"x":31,"y":233,"width":241,"height":8}},{"id":"ff872fe6-3d8d-47f8-8fb3-5a372aaa52f3","block_type":"box","text":"PIK Payment-in-Kind","page_number":53,"box":{"x":31,"y":252,"width":214,"height":11}},{"id":"d6c8e01b-ec62-43e9-9502-6bbd7d5c0df3","block_type":"box","text":"SOFR Secured Overnight Financing Rate","page_number":53,"box":{"x":30,"y":272,"width":314,"height":10}},{"id":"07634076-01dc-4b13-a028-4c9bf9d3e54d","block_type":"box","text":"Glossary of Terms Used in this Report","page_number":53,"box":{"x":31,"y":28,"width":323,"height":17}},{"id":"28fb1647-2eb5-4fca-a5d9-fc401224f4b4","block_type":"box","text":"G","page_number":53,"box":{"x":30,"y":967,"width":8,"height":7}},{"id":"d1f62b39-0be7-4fb7-b58a-d6ba6ad5aaf2","block_type":"box","text":"LOSSARY OF","page_number":53,"box":{"x":43,"y":969,"width":84,"height":5}},{"id":"7e696f60-72ef-44d9-bc1a-f9cade601cf4","block_type":"box","text":"T","page_number":53,"box":{"x":139,"y":967,"width":6,"height":7}},{"id":"5aeaba76-1044-4933-a636-33fea19b376e","block_type":"box","text":"ERMS","page_number":53,"box":{"x":150,"y":969,"width":33,"height":5}},{"id":"8e8dd55e-82ce-411a-9faf-5e60f3a25c60","block_type":"box","text":"U","page_number":53,"box":{"x":195,"y":967,"width":7,"height":7}},{"id":"8533c595-2e15-468e-80e8-69ed94bcb2c2","block_type":"box","text":"SED IN THIS","page_number":53,"box":{"x":207,"y":969,"width":86,"height":5}},{"id":"4bd429e0-f5c4-4cf9-a058-4d6a18fea73d","block_type":"box","text":"R","page_number":53,"box":{"x":305,"y":967,"width":7,"height":7}},{"id":"01d8a7e8-9c95-472d-973d-767620e7b73f","block_type":"box","text":"EPORT","page_number":53,"box":{"x":317,"y":969,"width":41,"height":5}},{"id":"9753caba-7fac-45e7-b290-b5d2ca882ec8","block_type":"box","text":"NM0826U-5876566-53/56","page_number":53,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"793ee877-4fd1-4356-b0ba-626bf53549cc","block_type":"box","text":"53","page_number":53,"box":{"x":954,"y":965,"width":14,"height":9}},{"id":"d86dc41b-7751-4da5-9a72-5e36fd2af831","block_type":"box","text":"THIS PAGE INTENTIONALLY LEFT BLANK.","page_number":54,"box":{"x":362,"y":399,"width":272,"height":10}},{"id":"fd488b26-77aa-420c-8ebf-17c105624566","block_type":"box","text":"NM0826U-5876566-54/56","page_number":54,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"12989c50-bed6-45b8-84ba-436c5b521012","block_type":"box","text":"THIS PAGE INTENTIONALLY LEFT BLANK.","page_number":55,"box":{"x":362,"y":399,"width":272,"height":10}},{"id":"0e23b2fb-71b6-488d-a68f-e1096f69bfb7","block_type":"box","text":"NM0826U-5876566-55/56","page_number":55,"box":{"x":757,"y":969,"width":145,"height":7}},{"id":"448e2daf-2d54-4739-8599-6dabbf97296c","block_type":"box","text":"Want to know more?","page_number":56,"box":{"x":60,"y":694,"width":272,"height":15}},{"id":"1893f083-297e-4a8f-b8dd-d283e66dac17","block_type":"box","text":"blackrock.com","page_number":56,"box":{"x":61,"y":722,"width":106,"height":9}},{"id":"9064d284-4b68-46a3-af66-2f49698ac6ca","block_type":"box","text":"| 877-275-1255","page_number":56,"box":{"x":170,"y":722,"width":113,"height":9}},{"id":"b00e4d2a-5c69-4f40-b002-4fd9dbd51369","block_type":"box","text":"This report is intended for current holders. It is not authorized for use as an offer of sale or a solicitation of an offer to buy","page_number":56,"box":{"x":60,"y":747,"width":856,"height":10}},{"id":"6d092662-115f-4ea8-949c-fd741f14c7f1","block_type":"box","text":"shares of the Fund unless preceded or accompanied by the Fund’s current prospectus. Past performance results shown in","page_number":56,"box":{"x":61,"y":763,"width":861,"height":11}},{"id":"e6eec3a5-77c6-45a6-8569-db4dd3154381","block_type":"box","text":"this report should not be considered a representation of future performance. Investment returns and principal value of","page_number":56,"box":{"x":60,"y":780,"width":839,"height":11}},{"id":"c443f997-25de-4a2a-9083-31ae69ac157e","block_type":"box","text":"shares will fluctuate so that shares, when repurchased by the Fund in connection with any applicable repurchase offer, may","page_number":56,"box":{"x":61,"y":797,"width":872,"height":11}},{"id":"216f6e83-baca-495f-9e79-f4f63c0a2955","block_type":"box","text":"be worth more or less than their original cost. Statements and other information herein are as dated and are subject to","page_number":56,"box":{"x":61,"y":814,"width":836,"height":10}},{"id":"441125f0-18f1-4c67-9c63-8060c5183c10","block_type":"box","text":"change.","page_number":56,"box":{"x":61,"y":831,"width":55,"height":10}},{"id":"4df5534d-22a1-4e52-ad3c-8b610309453e","block_type":"box","text":"CRST-06/26-SAR","page_number":56,"box":{"x":61,"y":865,"width":125,"height":8}},{"id":"0a6b4073-12d9-49dc-85d4-58b50ed180fb","block_type":"box","text":"NM0826U-5876566-56/56","page_number":56,"box":{"x":757,"y":969,"width":145,"height":7}}],"unit":"per_mille","page_width":594,"page_height":774,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":56}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"d5a8e831-0f53-4b8a-8feb-83d084c705e4"},"user_id":1000002,"date_created":"2026-10-02T11:59:23.978000Z","date_modified":"2026-10-02T11:59:23.978000Z","private":false}