NAV per Share22 quarters · book value trajectory
Total Return per Share (NAV Basis)NAV + cumulative dividends since Q1 2020
Total Return
NAV Only
NII / Share vs DPSCoverage ratio · above 1.0× = dividend covered
NII/sh
DPS
1.0× break-even
Portfolio Yield vs Cost of DebtNet interest spread · the core earnings engine
Yield
CoD
Net Spread
Non-Accrual % at Costvs 2.5% peer benchmark
Non-Accrual
2.5% Peer Avg
PIK % of Total IncomeNon-cash earnings signal · rising = stress
PIK %
10% threshold
NAV Bridge · Quarter-over-Quarter DecompositionNII earned · distributions paid · unrealized mark · closing NAV
NII
Distributions
Unrealized+
Unrealized-
Closing NAV
Total Return Decomposition · Income vs Capital Since Q1 2020Cumulative dividends received + NAV appreciation
Cumulative Income
Capital Return
Net Assets vs Total Debt ($ Millions)Platform scale · equity base and leverage
Net Assets
Total Debt
Total Investments at Fair Value ($ Millions)Portfolio size growth
NAV per ShareBook value stability
NAV Change QoQ ($)Quarterly delta · green = accretive
Credit Facility: Drawn vs Available ($ Millions)Liquidity buffer and utilisation rate
Drawn
Available
Leverage (D/E)vs 1.0× target and 2.0× regulatory cap
Leverage
1.0× target
2.0× cap
Total Investment Income ($ Millions)Quarterly revenue · cash + PIK
Income: Cash vs PIK ($ Millions)Earnings quality · blue = cash, amber = non-cash
Cash Income
PIK Income
NII Coverage RatioNII/sh ÷ DPS · must stay above 1.0×
Coverage
1.0× break-even
Interest Coverage RatioNII ÷ interest expense · solvency buffer
Int. Coverage
2.0× floor
Expense Breakdown ($ Millions)Management fee · incentive fee · interest · admin
Interest
Mgmt Fee
Incentive Fee
Admin
Expense Ratio (% of Net Assets, Ann.)Total vs net expense ratio · cost efficiency
Total Expense Ratio
Net (ex-interest)
Non-Accrual · Cost vs Fair Value (%)Divergence = implied write-down severity
At Cost
At FV
2.5% Peer Avg
Non-Accrual Flow ($ Millions)New additions vs resolutions each quarter
New Additions
Resolutions
Implied Recovery Rate (%)(1 − NA FV% / NA Cost%) × 100 · lower = worse recoveries
Weighted Average Risk RatingInternal 1–5 scale · 1=best · 3=performing · 5=distressed
Risk Rating
3.0 = performing
PIK % of Total IncomeNon-cash earnings · rising trend = stress building
PIK %
10% threshold
Borrower Health MetricsAvg EBITDA · avg leverage · avg interest coverage
Avg IC (right)
Avg Leverage (left)
Credit Quality BenchmarksARCC vs universe median · Q1 2026
Lien Composition · 22 QuartersPortfolio seniority shift toward 1st lien
1st Lien
2nd Lien
Sub
Equity
Current Mix · Q1 2026Portfolio seniority snapshot
Portfolio Companies CountDiversification · 712 borrowers Q1 2026
Avg Position Size ($ Millions)Concentration risk per borrower
Top 10 Concentration (%)% of portfolio in largest 10 positions
Top 10 %
20% threshold
Floating Rate % of PortfolioSOFR sensitivity · ~96% floating = rate tailwind
Floating Rate
90% ref line
Sector Breakdown · Q1 2026
Portfolio concentration by industry · click to explore · hover for detail
Gross Originations vs Repayments ($ Millions)Portfolio activity · new vs exiting capital
Originations
Repayments
Net Portfolio Growth ($ Millions)Originations minus repayments · negative = shrinking
Origination Velocity (% of Portfolio)Quarterly originations ÷ total portfolio FV
Yield · New Investments vs PortfolioSpread compression signal · new vs existing
Portfolio Yield
New Investment Yield
New Investment CountNew portfolio companies added per quarter
Exit CountFull realizations per quarter
Fee Structurevs universe percentiles · Q1 2026
Fee MetricsManager take as % of earnings
Expense Breakdown ($ Millions)Quarterly run-rate by category
Interest
Mgmt Fee
Incentive Fee
Admin
Cost of Debt (%)Weighted avg borrowing rate · SOFR impact visible
Management Fee ($ Millions)Base fee paid quarterly
Incentive Fee ($ Millions)Performance fee · zero when below hurdle
Dividend HistoryStep chart · red dots mark raises
NII Coverage RatioAbove 1.0× = dividend covered · below = concern
Coverage
1.0× break-even
NII / Share vs DPSPayout discipline · gap = safety buffer
NII/sh
DPS
Cumulative Dividends Paid ($/Share)Running total since Q1 2020 · income compounding
Dividend Safety DashboardThree-signal sustainability verdict
Spillover Income per ShareUndistributed NII · months of dividend coverage buffer
Dividend Change Flags+1 = raise · 0 = maintained · −1 = cut
Total Debt vs Net Assets ($ Millions)Capital stack evolution
Total Debt
Net Assets
Debt Maturity LadderWhen does the debt come due? · Q1 2026 snapshot
Debt CompositionRevolver · unsecured notes · other
Fixed vs Floating Debt (%)Rate sensitivity on the liability side
Floating
Fixed
Leverage (D/E)vs 1.0× target · 2.0× regulatory cap
D/E
1.0× target
2.0× cap
Interest Coverage RatioNII ÷ interest expense · solvency cushion
Int. Coverage
2.0× floor
Credit Facility: Drawn vs Available ($ Millions)Liquidity buffer
Drawn
Available
Weighted Avg Interest Rate vs Cost of Debt (%)Liability cost trend
CoD (portfolio)
Wtd Avg Int Rate
Market SnapshotLIVErefreshes every 60s · via Yahoo Finance
Total Return vs BenchmarksBase 100 = Q1 2020 · price + reinvested dividends
ARCC
S&P 500
BDC Index
P / NAV Ratio1.0× = par · below = discount · above = premium
P/NAV
1.0× par
0.9× zone
Market Price vs NAV / ShareDollar gap · discount or premium to book
NAV/sh
Mkt Price
Dividend Yield (Market Basis)Ann. DPS ÷ market price · historical band
Div Yield
10% ref
P / NII (BDC P/E)Price ÷ ann. NII · 9× reference
Premium / Discount to NAV (%)Above 0 = premium · below 0 = discount
30-Day Avg Volume ($ Millions)Daily trading liquidity
Maximum Drawdown from Peak (%)Trough below prior high · risk profile
NAV per Share · Annotated Timeline
Earnings
Dividend
Capital
Credit
Mkt Price
Key Events · Q1 2020 to Q1 2026Earnings · Dividends · Capital Markets · Credit · click ↗ to open SEC filing
Holdings
Portfolio Evolution
Position Tracker
Single-Name Drill
Distribution & Risk
Loading schedule of investments…
Holdings · all captured fields, verbatim
-
Null = "-" placeholder only. No values cleaned, derived, or fabricated.
Total Fair Value vs Amortized Costsum per snapshot
Position Countrows per snapshot
Aggregate Mark (FV ÷ Cost)portfolio sum-based
Debt vs Equity Countis_debt / is_equity
FV-Weighted Spread & All-In Ratewhere present
COMPARE→
Entered-
| Company | FV ($M) | Mark % |
|---|
Exited-
| Company | Prior FV ($M) | Prior Mark % |
|---|
Re-Marked (held both periods)by mark change
| Company | Mark Then | Mark Now | Δ pts | FV Then | FV Now |
|---|
COMPANY
Fair Value & Cost Over Timeper snapshot held
Mark % Over TimeFV ÷ cost
Per-Snapshot Detailkey fields for this name
Mark Distributionpositions by mark bucket
Top 15 by Fair Valueconcentration
Sector Mix by Fair Valuewhere present
Positions Marked Below Costmark < 100
| Company | Mark % | FV ($M) |
|---|