10.2%
Annualized Distribution Yield1
9.23%
1-Year Total Net Return2
12.92%
3-Year Total Net Return (Annualized)2
10.74%
Inception-to-Date Total Return (Annualized)2
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | - | - | $1.6000 |
| Variable Supplemental Distributions | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | - | - | $0.5500 |
| Special Distributions | - | - | - | - | - | - | - | - | - | - | - | - | $0.0000 |
| Total Distributions | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | - | - | $2.1500 |
| NAV per Share | $25.60 | $25.51 | $25.47 | $25.31 | $25.26 | $25.22 | $25.24 | $25.20 | $25.27 | $25.27 | - | - | - |
| Total Return2 | 0.88% | 0.49% | 0.69% | 0.22% | 0.65% | 0.69% | 0.93% | 0.69% | 1.13% | 0.85% | - | - | 7.46% |
10.1%
Annualized Distribution Yield1
11.23%
Inception-to-Date Total Return (Annualized)2
$25.59
NAV per Share
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $1.9200 |
| Variable Supplemental Distributions | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.6600 |
| Special Distributions | - | - | - | - | - | - | - | - | - | - | - | - | $0.0000 |
| Total Distributions | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $0.2150 | $2.5800 |
| NAV per Share | $25.14 | $25.25 | $25.36 | $25.42 | $25.55 | $25.52 | $25.48 | $25.57 | $25.56 | $25.60 | $25.62 | $25.59 | - |
| Total Return{{2}} | 1.18% | 1.29% | 1.29% | 1.08% | 1.36% | 0.72% | 0.69% | 1.20% | 0.80% | 1.00% | 0.92% | 0.72% | 12.95% |
10.3%
Annualized Distribution Yield1
10.36%
Inception-to-Date Total Return (Annualized)2
$25.06
NAV per Share
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $0.1600 | $1.9200 |
| Variable Supplemental Distributions | $0.0210 | $0.0300 | $0.0430 | $0.0440 | $0.0450 | $0.0450 | $0.0450 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.5480 |
| Special Distributions | - | - | - | - | - | - | - | $0.1500 | - | - | - | $0.1500 | $0.3000 |
| Total Distributions | $0.1810 | $0.1900 | $0.2030 | $0.2040 | $0.2050 | $0.2050 | $0.2050 | $0.3650 | $0.2150 | $0.2150 | $0.2150 | $0.3650 | $2.7680 |
| NAV per Share | $24.36 | $24.56 | $24.40 | $24.42 | $24.45 | $24.72 | $24.87 | $24.88 | $25.11 | $25.05 | $25.15 | $25.06 | - |
| Total Return2 | 2.77% | 1.60% | 0.18% | 0.92% | 0.96% | 1.94% | 1.44% | 1.51% | 1.79% | 0.62% | 1.26% | 1.09% | 17.28% |
8.0%
2022 Annualized Distribution Yield3
2.93%
2022 Year-to-Date Total Return2
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | - | $0.1354 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $1.5994 |
| Special Distributions | - | - | - | - | - | - | - | - | - | $0.1000 | - | $0.1300 | $0.2300 |
| Total Distributions | - | $0.1354 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.2464 | $0.1464 | $0.2764 | $1.8294 |
| Annualized Base Distribution Yield1 | - | 7.00% | 7.00% | 7.00% | 7.04% | 7.14% | 7.22% | 7.18% | 7.17% | 7.26% | 7.31% | 7.32% | - |
| NAV per Share | - | $25.10 | $25.09 | $24.94 | $24.61 | $24.32 | $24.48 | $24.51 | $24.21 | $24.02 | $24.00 | $23.88 | - |
| Total Return2 | - | 0.94% | 0.54% | -0.01% | -0.74% | -0.58% | 1.26% | 0.72% | -0.63% | 0.23% | 0.53% | 0.65% | 2.93% |
10.0%
Annualized Distribution Yield1
8.96%
1-Year Total Net Return2
12.64%
3-Year Total Net Return (Annualized)2
10.52%
Inception-to-Date Total Return (Annualized)2
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1546 | $0.1551 | $0.1546 | $0.1548 | $0.1546 | $0.1548 | $0.1546 | $0.1546 | $0.1548 | $0.1546 | - | - | $1.5471 |
| Variable Supplemental Distributions | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | - | - | $0.5500 |
| Special Distributions | - | - | - | - | - | - | - | - | - | - | - | - | $0.0000 |
| Total Distributions | $0.2096 | $0.2101 | $0.2096 | $0.2098 | $0.2096 | $0.2098 | $0.2096 | $0.2096 | $0.2098 | $0.2096 | - | - | $2.0971 |
| NAV per Share | $25.60 | $25.51 | $25.47 | $25.31 | $25.26 | $25.22 | $25.24 | $25.20 | $25.27 | $25.27 | - | - | - |
| Total Return2 | 0.86% | 0.47% | 0.66% | 0.20% | 0.63% | 0.67% | 0.91% | 0.67% | 1.11% | 0.83% | - | - | 7.24% |
9.8%
Annualized Distribution Yield1
11.03%
Inception-to-Date Total Return (Annualized)2
$25.59
NAV per Share
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1547 | $0.1550 | $0.1547 | $0.1548 | $0.1546 | $0.1548 | $0.1546 | $0.1546 | $0.1548 | $0.1546 | $0.1548 | $0.1546 | $1.8566 |
| Variable Supplemental Distributions | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.6600 |
| Special Distributions | - | - | - | - | - | - | - | - | - | - | - | - | $0.0000 |
| Total Distributions | $0.2097 | $0.2100 | $0.2097 | $0.2098 | 0.2096 | $0.2098 | 0.2096 | 0.2096 | 0.2098 | 0.2096 | $0.2098 | $0.2096 | $2.5166 |
| NAV per Share | $25.14 | $25.25 | $25.36 | $25.42 | $25.55 | $25.52 | $25.48 | $25.57 | $25.56 | $25.60 | $25.62 | $25.59 | - |
| Total Return2 | 1.16% | 1.27% | 1.27% | 1.06% | 1.34% | 0.70% | 0.66% | 1.18% | 0.78% | 0.98% | 0.90% | 0.70% | 12.67% |
10.0%
Annualized Distribution Yield1
10.20%
Inception-to-Date Total Return (Annualized)2
$25.06
NAV per Share
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1549 | $0.1553 | $0.1548 | $0.1550 | $0.1548 | $0.1550 | $0.1548 | $0.1547 | $0.1549 | $0.1547 | $0.1549 | $0.1547 | $1.8585 |
| Variable Supplemental Distributions | $0.0210 | $0.0300 | $0.0430 | $0.0440 | $0.0450 | $0.0450 | $0.0450 | $.0550 | $.0550 | $.0550 | $.0550 | $.0550 | $0.5480 |
| Special Distributions | - | - | - | - | - | - | - | $0.15 | - | - | - | $0.15 | $0.30 |
| Total Distributions | $0.1759 | $0.1853 | $0.1978 | $0.1990 | $0.1998 | $0.2000 | $0.1998 | $0.3597 | $0.2099 | $0.2097 | $0.2099 | $0.3597 | $2.7065 |
| NAV per Share | $24.36 | $24.56 | $24.40 | $24.42 | $24.45 | $24.72 | $24.87 | $24.88 | $25.11 | $25.05 | $25.15 | $25.06 | - |
| Total Return2 | 2.75% | 1.58% | 0.15% | 0.90% | 0.94% | 1.92% | 1.42% | 1.49% | 1.77% | 0.60% | 1.24% | 1.07% | 16.99% |
8.0%
2022 Annualized Distribution Yield3
2.89%
2022 Year-to-Date Total Return2
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | - | $0.1354 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1418 | $0.1413 | $1.5897 |
| Special Distributions | - | - | - | - | - | - | - | - | - | $0.1000 | - | $0.1300 | $0.2300 |
| Total Distributions | - | $0.1354 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.2464 | $0.1418 | $0.2713 | $1.8197 |
| Annualized Base Distribution Yield1 | - | 7.00% | 7.00% | 7.00% | 7.04% | 7.14% | 7.22% | 7.18% | 7.17% | 7.26% | 7.08% | 7.07% | - |
| NAV per Share | - | $25.10 | $25.09 | $24.94 | $24.61 | $24.32 | $24.48 | $24.51 | $24.21 | $24.02 | $24.00 | $23.88 | - |
| Total Return2 | - | 0.94% | 0.54% | -0.01% | -0.74% | -0.58% | 1.26% | 0.72% | -0.63% | 0.23% | 0.51% | 0.63% | 2.89% |
9.7%
Annualized Distribution Yield1
8.69%
1-Year Total Net Return2
12.36%
3-Year Total Net Return (Annualized)2
10.30%
Inception-to-Date Total Return (Annualized)2
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1491 | $0.1502 | $0.1492 | $0.1495 | $0.1493 | $0.1496 | $0.1493 | $0.1493 | $0.1496 | $0.1493 | - | - | $1.4944 |
| Variable Supplemental Distributions | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | - | - | $0.5500 |
| Special Distributions | - | - | - | - | - | - | - | - | - | - | - | - | $0.0000 |
| Total Distributions | $0.2041 | $0.2052 | $0.2042 | $0.2045 | $0.2043 | $0.2046 | $0.2043 | $0.2043 | $0.2046 | $0.2043 | - | - | $2.0444 |
| NAV per Share | $25.60 | $25.51 | $25.47 | $25.31 | $25.26 | $25.22 | $25.24 | $25.20 | $25.27 | $25.27 | - | - | - |
| Total Return2 | 0.84% | 0.45% | 0.64% | 0.17% | 0.61% | 0.65% | 0.89% | 0.65% | 1.09% | 0.81% | - | - | 7.01% |
9.6%
Annualized Distribution Yield1
10.83%
Inception-to-Date Total Return (Annualized)2
$25.59
NAV per Share
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1494 | $0.1500 | $0.1493 | $0.1496 | $0.1492 | $0.1495 | $0.1492 | $0.1492 | $0.1495 | $0.1492 | $0.1495 | $0.1492 | $1.7928 |
| Variable Supplemental Distributions | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.6600 |
| Special Distributions | - | - | - | - | - | - | - | - | - | - | - | - | $0.0000 |
| Total Distributions | $0.2044 | $0.2050 | $0.2043 | $0.2046 | $0.2042 | $0.2045 | $0.2042 | $0.2042 | $0.2045 | $0.2042 | $0.2045 | $0.2042 | $2.4528 |
| NAV per Share | $25.14 | $25.25 | $25.36 | $25.42 | $25.55 | $25.52 | $25.48 | $25.57 | $25.56 | $25.60 | $25.62 | $25.59 | - |
| Total Return2 | 1.13% | 1.25% | 1.24% | 1.04% | 1.31% | 0.68% | 0.64% | 1.15% | 0.76% | 0.96% | 0.88% | 0.68% | 12.39% |
9.8%
Annualized Distribution Yield1
10.03%
Inception-to-Date Total Return (Annualized)2
$25.06
NAV per Share
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1499 | $0.1507 | $0.1496 | $0.1500 | $0.1496 | $0.1500 | $0.1495 | $0.1494 | $0.1498 | $0.1493 | $0.1497 | $01493 | $1.7968 |
| Variable Supplemental Distributions | $0.0210 | $0.0300 | $0.0430 | $0.0440 | $0.0450 | $0.0450 | $0.0450 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.5480 |
| Special Distributions | - | - | - | - | - | - | - | $0.1500 | - | - | - | $0.1500 | $0.3000 |
| Total Distributions | $0.1709 | $0.1807 | $0.1926 | $0.1940 | $0.1946 | $0.1950 | $0.1945 | $0.3544 | $0.2048 | $0.2043 | $0.2047 | $0.3543 | $2.6448 |
| NAV per Share | $24.36 | $24.56 | $24.40 | $24.42 | $24.45 | $24.72 | $24.87 | $24.88 | $25.11 | $25.05 | $25.15 | $25.06 | - |
| Total Return2 | 2.73% | 1.56% | 0.13% | 0.88% | 0.92% | 1.90% | 1.39% | 1.47% | 1.75% | 0.57% | 1.22% | 1.05% | 16.70% |
7.9%
2022 Annualized Distribution Yield3
2.85%
2022 Year-to-Date Total Return2
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | - | $0.1354 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1372 | $0.1362 | $1.5800 |
| Special Distributions | - | - | - | - | - | - | - | - | - | $0.1000 | - | $0.1300 | $0.2300 |
| Total Distributions | - | $0.1354 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.1464 | $0.2464 | $0.1372 | $0.2662 | $1.8100 |
| Annualized Base Distribution Yield1 | - | 7.00% | 7.00% | 7.00% | 7.04% | 7.14% | 7.22% | 7.18% | 7.17% | 7.26% | 6.85% | 6.81% | - |
| NAV per Share | - | $25.10 | $25.09 | $24.94 | $24.61 | $24.32 | $24.48 | $24.51 | $24.21 | $24.02 | $24.00 | $23.88 | - |
| Total Return2 | - | 0.94% | 0.54% | -0.01% | -0.74% | -0.58% | 1.26% | 0.72% | -0.63% | 0.23% | 0.49% | 0.61% | 2.85% |
9.4%
Annualized Distribution Yield1
8.31%
1-Year Total Net Return2
11.98%
3-Year Total Net Return (Annualized)2
10.00%
Inception-to-Date Total Return2
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1415 | $0.1433 | $0.1416 | $0.1422 | $0.1417 | $0.1424 | $0.1418 | $0.1418 | $0.1424 | $0.1418 | - | - | $1.4205 |
| Variable Supplemental Distributions | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | - | - | $0.5500 |
| Special Distributions | - | - | - | - | - | - | - | - | - | - | - | - | $0.0000 |
| Total Distributions | $0.1965 | $0.1983 | $0.1966 | $0.1972 | $0.1967 | $0.1974 | $0.1968 | $0.1968 | $0.1974 | $0.1968 | - | - | $1.9705 |
| NAV per Share | $25.60 | $25.51 | $25.47 | $25.31 | $25.26 | $25.22 | $25.24 | $25.20 | $25.27 | $25.27 | - | - | - |
| Total Return2 | 0.81% | 0.42% | 0.61% | 0.15% | 0.58% | 0.62% | 0.86% | 0.62% | 1.06% | 0.78% | - | - | 6.70% |
9.2%
Annualized Distribution Yield1
11.87%
Inception-to-Date Total Return2
$25.59
NAV per Share
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | $0.1420 | $0.1431 | $0.1418 | $0.1423 | $0.1417 | $0.1422 | $0.1416 | $0.1417 | $0.1422 | $0.1416 | $0.1422 | $0.1416 | $1.7040 |
| Variable Supplemental Distributions | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.0550 | $0.6600 |
| Special Distributions | - | - | - | - | - | - | - | - | - | - | - | - | $0.0000 |
| Total Distributions | $0.1970 | $0.1981 | $0.1968 | $0.1973 | $0.1967 | $0.1972 | $0.1966 | $0.1967 | $0.1972 | $0.1966 | $0.1972 | $0.1966 | $2.3640 |
| NAV per Share | $25.14 | $25.25 | $25.36 | $25.42 | $25.55 | $25.52 | $25.48 | $25.57 | $25.56 | $25.60 | $25.62 | $25.59 | - |
| Total Return2 | 1.11% | 1.23% | 1.22% | 1.01% | 1.29% | 0.65% | 0.61% | 1.13% | 0.73% | 0.93% | 0.85% | 0.65% | 12.01% |
9.4%
Annualized Distribution Yield1
$25.06
NAV per Share
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ytd | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base Distributions | - | - | - | - | - | - | - | - | - | $0.1419 | $0.1425 | $0.1418 | $0.4262 |
| Variable Supplemental Distributions | - | - | - | - | - | - | - | - | - | $0.0550 | $0.0550 | $0.0550 | $0.1650 |
| Special Distributions | - | - | - | - | - | - | - | - | - | - | - | $0.1500 | $0.1500 |
| Total Distributions | - | - | - | - | - | - | - | - | - | $0.1969 | $0.1975 | $0.3468 | $0.7412 |
| NAV per Share | - | - | - | - | - | - | - | - | - | $25.05 | $25.15 | $25.06 | - |
| Total Return2 | - | - | - | - | - | - | - | - | - | 0.55% | 1.19% | 1.02% | 2.78% |
- Annualized distribution yield is calculated by multiplying the sum of the month’s stated base distribution per share and variable supplemental distribution per share by twelve and dividing the result by the prior month’s NAV per share. Distributions declared from the Fund’s inception through October 2025 have been fully comprised of net investment income. To the extent that future distributions are comprised in part or entirely of a return of capital or sources other than net investment income, the composition of such distributions will be disclosed on the Dividends and Tax page of this website. Notices regarding distributions subject to Section 19(a) of the Investment Company Act of 1940 will also be found on the Dividends and Tax page of this website. We cannot guarantee that we will make distributions, and if we do, we may fund such distributions from sources other than cash flow from operations, including the sale of assets, borrowings, return of capital, or offering proceeds, and although we generally expect to fund distributions from cash flow from operations, we have not established limits on the amounts we may pay from such sources. A return of capital (1) is a return of the original amount invested, (2) does not constitute earnings or profits and (3) will have the effect of reducing the basis such that when a shareholder sells its shares, the sale may be subject to taxes even if the shares are sold for less than the original purchase price.
- Total net return is calculated as the change in monthly NAV per share during the period plus distributions per share (assuming any distributions, net of shareholder servicing fees, are reinvested in accordance with HLEND’s distribution reinvestment plan) divided by NAV per share at the beginning of the period, which is calculated after the deduction of ongoing expenses that are borne by investors, such as management fees, incentive fees, applicable shareholder servicing and/or distribution fees, interest expense, offering costs, professional fees, director fees and other general and administrative expenses. The returns have been prepared using unaudited data and valuations of the underlying investments in the HLEND portfolio, which are estimates of fair value and form the basis for HLEND's NAV. Valuations based upon unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value and may not accurately reflect the price at which assets could be liquidated. Inception to date figures for Class S, Class F, Class D and Class I shares use the initial offering price of $25.00. Returns for periods greater than one year (e.g., the inception-to-date and 3-year total net returns) are annualized. Inception date of Class D, Class F, and Class I is February 3, 2022, and inception date used for Class S for purposes of the inception-to-date figures is February 3, 2022. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS, and there can be no assurance that HLEND will achieve its objectives or avoid substantial losses. The information presented is for a very limited amount of time and is not representative of the long-term performance of the Fund.
- 2022 annualized distribution yield is calculated by annualizing the Fund’s cumulative distributions declared from the Fund’s inception on February 3, 2022 through December 31, 2022 (10.93 months) and dividing the result by the initial offering price per share of $25.00. Distributions declared from the Fund’s inception through December 31, 2022 have been fully comprised of net investment income. To the extent that future distributions are comprised in part or entirely of a return of capital or sources other than net investment income, the composition of such distributions will be disclosed on the Dividends and Tax page of this website. Notices regarding distributions subject to Section 19(a) of the Investment Company Act of 1940 will also be found on the Dividends and Tax page of this website. We cannot guarantee that we will make distributions, and if we do, we may fund such distributions from sources other than cash flow from operations, including the sale of assets, borrowings, return of capital, or offering proceeds, and although we generally expect to fund distributions from cash flow from operations, we have not established limits on the amounts we may pay from such sources. A return of capital (1) is a return of the original amount invested, (2) does not constitute earnings or profits and (3) will have the effect of reducing the basis such that when a shareholder sells its shares, the sale may be subject to taxes even if the shares are sold for less than the original purchase price.
- Represents the figures attributable to Class S if Class S commenced operations at the same time as Class F, Class D and Class I. For the avoidance of doubt, Class S commenced operations on October 1, 2023 and the figures attributed to Class S for the inception-to-date annualized total net return do not constitute actual performance of Class S shares. For the period between November 2022 to September 2023 (i.e. the month before the commencement of Class S), total net return for Class S has been derived by deducting the Class S annual shareholder servicing and distribution fee of 0.85% from actual net historical distributions attributable to Class I shares during such period (assuming that the Managing Dealer of HLEND would have waived the shareholder servicing and distribution fees for Class S for the first nine months following the date on which HLEND commenced operations, as the Managing Dealer had done for Class D Common Shares and Class F Common Shares). The inception date of Class S for purposes of annualized inception-to-date total net return is assumed to be February 3, 2022.