The Cliffwater Direct Lending Index (CDLI) seeks to measure the unlevered, gross of fee performance of U.S. middle market corporate loans, as represented by the asset-weighted performance of the underlying assets of Business Development Companies (BDCs), including both exchange-traded and unlisted BDCs, subject to certain eligibility requirements. The CDLI Total Return Index includes three components: Income Return, Realized Gain/Loss, and Unrealized Gain/Loss.
|▪ Index Value (Jun 30, 2019)||3873.03|
|▪ Assets (Fair Value)||$107.7 Billion|
|▪ Number of Loans||> 6,000|
The Cliffwater BDC Index (CWBDC) measures the performance of lending-oriented, exchange-traded Business Development Companies, subject to certain eligibility criteria regarding portfolio composition, market capitalization, and dividend history. The CWBDC is a capitalization-weighted index that is calculated on a daily basis using publicly-available closing share prices and reported dividend payouts. The CWBDC Total Return Index includes two components: 1) Income Return and 2) Price Return.
|▪ Close (Jun 10, 2019)||2795.12|
|▪ Number of Companies||41|
|▪ Index Yield||9.32%|
|▪ Market Capitalization||$33.3 Billion|
|▪ NAV Premium/Discount||-3.19%|
|▪ Launch Date||January 1, 2015|