OFS Capital: Higher Non-Accruals Than Peers Contributes To NAV Deterioration

What first stands out to me is that OFS is very diverse in nature and spreads its exposure across many different industries. The manufacturing sector makes up the largest allocation of their portfolio, making up 28%. This is closely followed by health care and social assistance, making up 20.1% of the portfolio. The portfolio is spread across 14 different sectors and has 43 different obligors. Their strategy is to avoid exposure to any sectors that have cyclical vulnerability. Additionally, this level of di ...