F• K•• C•••••• C•••

BDCFSKCIK 1422183file 814-00757PHILADELPHIA, PAmanaged by F••••• A••••••• L••

Fair value

$17B

as of Jun 30, 2026

Principal held

$12B

debt pieces, the filer's figure

Cost

$14B

125c on cost

Unfunded

$1.1B

commitments not yet drawn

Positions

942

224 borrowers

First lien

27%

63% debt by fair value

Quarters on the tape

since Dec 31, 2020

Facilities held

336

46 sponsors financed

Portfolio through time

Fair value by quarter end$17B as of Jun 30, 2026

Dec 31, 2020$1.9B then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$17B	224	93c	21	547 bp
Mar 31, 2026	$18B	227	94c	21	558 bp
Dec 31, 2025	$21B	228	97c	28	569 bp
Sep 30, 2025	$20B	223	98c	28	571 bp
Jun 30, 2025	$20B	217	97c	30	585 bp
Mar 31, 2025	$21B	224	100c	27	609 bp
Dec 31, 2024	$37B	220	98c	120	564 bp
Sep 30, 2024	$20B	219	98c	36	568 bp
Jun 30, 2024	$20B	208	98c	38	588 bp
Mar 31, 2024	$20B	205	99c	51	601 bp
Dec 31, 2023	$48B	212	96c	106	625 bp
Sep 30, 2023	$19B	204	96c	63	615 bp
Jun 30, 2023	$19B	198	96c	58	620 bp
Mar 31, 2023	$20B	192	95c	52	613 bp
Dec 31, 2022	$39B	212	96c	102	620 bp
Sep 30, 2022	$17B	200	96c	49	625 bp
Dec 31, 2021	$28B	202	105c	79	632 bp
Dec 31, 2020	$1.9B	40	n/a	3	n/a

Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.

Sponsors financed

No borrower on this schedule has a sponsor attribution yet.

Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.

What changed

non accrual placedJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked
non accrual placedJun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Spread increasedJun 30, 2026
••• Locked
Spread increasedJun 30, 2026
••• Locked
Spread increasedJun 30, 2026
••• Locked

Every position change, including routine ones

Largest facilities held, with co-lenders

C••••• O••••••••• P••••••• J•• L•• other
1 BDC hold it
$2.0B 166c
K••••••••• B••••••••• S••••••• L•• first lien term loan
4 BDCs hold it · matures Nov 6, 2028
$338M 74c
P••••••••• R••••••• G•••• L•• first lien term loan
2 BDCs hold it · matures Oct 1, 2030
$319M 104c
P•••••• C••• second lien term loan
10 BDCs hold it · matures Feb 1, 2029
$297M 70c
S••••• L•• second lien term loan
2 BDCs hold it · matures Jun 1, 2029
$280M 79c
G••••• U•••••••• L•• first lien term loan
2 BDCs hold it · matures May 1, 2028 · G••••••• C•••••• P••••••• L•
$241M 98c
M•••••••• I•• first lien term loan
6 BDCs hold it · matures Oct 29, 2028 · S••••• C••••••
$234M 50c
N••••• C•••••• G•••• H•••••• A• other
1 BDC hold it · matures Jun 1, 2031
$232M 111c
A•••••• S•••••• A• first lien term loan
1 BDC hold it · matures Jun 1, 2031
$218M 96c
T••••• L•• first lien term loan
1 BDC hold it · matures Jun 1, 2028
$192M 80c
A•• N••••••• C••• other
2 BDCs hold it · matures Sep 1, 2028
$184M 127c
M•• D••••• S••••••••• L•• first lien term loan
4 BDCs hold it · matures Feb 13, 2031
$167M 100c

Schedule of investments at Jun 30, 2026

942 positions

Borrower	Instrument	Principal	Fair value
C•••••	unstated lien unstated	n/a	n/a
C••••••••• A•••••••• L••	unstated lien unstated	n/a	n/a
C•••••••• T••••••••• L••	unstated lien unstated	n/a	n/a
C•••••• C•••	unstated lien unstated	n/a	n/a
V•••••• I••••••••• P••••••••• I••	unstated lien unstated	n/a	n/a
S•••••••• I••	unstated lien unstated	n/a	n/a
R••• P•••• L••	unstated lien unstated	n/a	n/a
P••••••• P••••••••• G•••• I••	unstated lien unstated	n/a	n/a
N•••• C•••	unstated lien unstated	n/a	n/a
G• V•••••• E••••••••• S••••••• L••	unstated lien unstated	n/a	n/a
F•••••••• H••••••• L••	unstated lien unstated	n/a	n/a
F••••••••• C••••••• B••••• L••	unstated lien unstated	n/a	n/a
C••••• G•••• L••	unstated lien unstated	n/a	n/a
B••••••• L••	unstated lien unstated	n/a	n/a
A••••• A•••••••• L••	unstated lien unstated	n/a	n/a
C••••••• C••• O••••••••• I••	unstated lien unstated	n/a	n/a
E•••• R•••••• S••••••• R••••• I••	unstated lien unstated	n/a	n/a
F•••••••• H••••••• L••	unstated lien unstated	n/a	n/a
G••••••• I••	unstated lien unstated	n/a	n/a
G••••••• I••	unstated lien unstated	n/a	n/a
H••••• T••••••••• S•••••• L••	unstated lien unstated	n/a	n/a
I•••••• I•	unstated lien unstated	n/a	n/a
I•••••• G••••• L••	unstated lien unstated	n/a	n/a
I••••••••• I••	unstated lien unstated	n/a	n/a
M•• C•••••• M••••••••• L••	unstated lien unstated	n/a	n/a
M•••••••••	unstated lien unstated	n/a	n/a
P•• G••••	unstated lien unstated	n/a	n/a
S•••••• L•••• L••	unstated lien unstated	n/a	n/a
V••••• P••••••••• P•••••••• L••	unstated lien unstated	n/a	n/a
R•••••• I••••••••• L••	unstated lien unstated	n/a	n/a
3•••••• G••••• I••	unstated lien unstated	n/a	n/a
Z••••• H••••••• L••	unstated lien unstated	n/a	n/a
W•••••••• W•••••••	unstated lien unstated	n/a	n/a
L••••••••• V••••• S••	unstated lien unstated	n/a	n/a
N•• E•• T••••••••• L••	unstated lien unstated	n/a	n/a
N•• D••••••••	unstated lien unstated	n/a	n/a
L••••••••• T••••••••• I••	unstated lien unstated	n/a	n/a
W•••• S••••••• G•••• P•• L••	unstated lien unstated	n/a	n/a
H•••••• C•• B•••• L••	unstated lien unstated	n/a	n/a
A••• S•••••• P••••••• L••	unstated lien unstated	n/a	n/a
H•••••• • B••• I••	unstated lien unstated	n/a	n/a
F•••••• S••••••• L••	unstated lien unstated	n/a	n/a

Page 10 of 10Previous

Registration

Fiscal year end: 1231reported
Incorporated: MDreported
On the SEC BDC report: 2012 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Former names: FS Investment CORP; Franklin Square Investment CORPreported
Latest schedule: 0001628280-26-053783reported