BlackRock HPS Credit Strategies Fund

NAV per share fell 13.8% from $9.96 to $8.59 (2022-06-30).
NAV per share fell 13.8% from $9.96 to $8.59 (2022-06-30). (Rule B12: NAV per share drop, severe: >= 5% decline month over month; Urgent.)

NAV per share ($8.60) is 3.5% below its trailing four-observation average ($8.91) as of 2023-06-30.
NAV per share ($8.60) is 3.5% below its trailing four-observation average ($8.91) as of 2023-06-30. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

NAV per share ($8.48) is 9.6% below its trailing four-observation average ($9.38) as of 2022-12-31.
NAV per share ($8.48) is 9.6% below its trailing four-observation average ($9.38) as of 2022-12-31. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

NAV per share fell 5.3% from $10.24 to $9.70 (2020-06-30).
NAV per share fell 5.3% from $10.24 to $9.70 (2020-06-30). (Rule B11: NAV per share drop >= 2% decline month over month; Notify.)

Canonical class: not designated · basis: no qualifying monthly chain · qualifying history: 0 months.

1y: Pending; 3y: Pending; 5y: Pending Manager-published observations remain distinct from SEC-filed facts and publish only after source-terms, class, date, and reconciliation gates pass.

For its services, the Fund pays the Manager (an indirect, majority-owned subsidiary of BlackRock, Inc.) a monthly fee at an annual rate equal to 1.00% of the average daily value of the Fund's managed assets. 'Managed assets' are total assets of the Fund (including any assets attributable to money borrowed for investment purposes) less accrued liabilities other than money borrowed for investment purposes -- gross of the Fund's $20M leverage, consistent with the fund actually using leverage (see ingest/extract_tier1_leverage.py).