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Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Cliffwater Enhanced Lending Fund

CELFX | Fund

$11.12

$3.96 B

10.99%

$1.22

1.68%

Vitals

YTD Return

12.7%

1 yr return

13.5%

3 Yr Avg Return

11.4%

5 Yr Avg Return

N/A

Net Assets

$3.96 B

Holdings in Top 10

36.3%

52 WEEK LOW AND HIGH

$11.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.68%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$10,000,000

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Cliffwater Enhanced Lending Fund

CELFX | Fund

$11.12

$3.96 B

10.99%

$1.22

1.68%

CELFX - Profile

Distributions

  • YTD Total Return 12.7%
  • 3 Yr Annualized Total Return 11.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.24%
DIVIDENDS
  • Dividend Yield 11.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Cliffwater Enhanced Lending Fund
  • Fund Family Name
    Cliffwater
  • Inception Date
    Jul 26, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Nesbitt

Fund Description

CELFX - Performance

Return Ranking - Trailing

Period CELFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -12.6% 18.7% 2.01%
1 Yr 13.5% -13.2% 19.5% 1.39%
3 Yr 11.4%* -17.1% 13.8% 0.95%
5 Yr N/A* -15.2% 13.1% N/A
10 Yr N/A* -7.1% 6.9% N/A

* Annualized

Return Ranking - Calendar

Period CELFX Return Category Return Low Category Return High Rank in Category (%)
2023 1.3% -12.0% 8.9% 71.41%
2022 1.6% -31.8% 18.4% 0.63%
2021 N/A -16.2% 25.7% N/A
2020 N/A -31.1% 18.7% N/A
2019 N/A -6.1% 15.3% N/A

Total Return Ranking - Trailing

Period CELFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -12.6% 18.7% 2.01%
1 Yr 13.5% -13.2% 19.5% 1.39%
3 Yr 11.4%* -17.1% 13.8% 0.95%
5 Yr N/A* -15.2% 13.1% N/A
10 Yr N/A* -7.1% 6.9% N/A

* Annualized

Total Return Ranking - Calendar

Period CELFX Return Category Return Low Category Return High Rank in Category (%)
2023 9.6% -6.9% 22.2% 27.82%
2022 11.6% -31.8% 21.1% 0.95%
2021 N/A -13.5% 49.9% N/A
2020 N/A -28.6% 24.1% N/A
2019 N/A -4.8% 19.1% N/A

NAV & Total Return History

CELFX - Holdings

Concentration Analysis

CELFX Category Low Category High CELFX % Rank
Net Assets 3.96 B 2.63 M 143 B 15.13%
Number of Holdings 327 4 9638 62.71%
Net Assets in Top 10 1.44 B -204 M 89.4 B 14.35%
Weighting of Top 10 36.30% 5.8% 265.8% 32.86%

Top 10 Holdings

  1. State Street Institutional U.S. Government Money Market Fund - Class Premier 7.66%
  2. DAWSON EVERGREEN FUND LP / 6.79%
  3. HERCULES PRIVATE GLO FUND V-L LP / 3.82%
  4. VPC LEGAL FINANCE FUND / 3.39%
  5. BSOF Parallel Onshor Class SRT Enhanced / 2.70%
  6. AG ASSET BASED CREDIT FUND L.P. / 2.64%
  7. Guggenheim MM-C CLO 2023-5 LLC 2.60%
  8. KING STREET OPPOTUNI CREDIT EVERGREEN FUN / 2.47%
  9. SYMBIOTIC CAPITAL CREDIT PARALLEL / 2.26%
  10. VPC ASSET BACKED OPP CREDIT FUND LP / 1.98%

Asset Allocation

Weighting Return Low Return High CELFX % Rank
Stocks 		75.29% -6.18% 99.68% 7.96%
Bonds 		20.74% 0.00% 199.60% 87.83%
Cash 		7.66% -94.66% 99.97% 24.96%
Preferred Stocks 		1.42% 0.00% 21.58% 10.45%
Convertible Bonds 		0.00% 0.00% 33.50% 84.78%
Other 		-1.27% -75.22% 147.15% 94.07%

Stock Sector Breakdown

Weighting Return Low Return High CELFX % Rank
Financial Services 		100.00% 0.00% 100.00% 0.29%
Utilities 		0.00% 0.00% 100.00% 49.57%
Technology 		0.00% 0.00% 28.30% 37.68%
Real Estate 		0.00% 0.00% 100.00% 46.09%
Industrials 		0.00% 0.00% 100.00% 53.91%
Healthcare 		0.00% 0.00% 18.60% 38.84%
Energy 		0.00% 0.00% 100.00% 73.33%
Communication Services 		0.00% 0.00% 100.00% 46.38%
Consumer Defense 		0.00% 0.00% 99.97% 39.42%
Consumer Cyclical 		0.00% 0.00% 89.95% 49.57%
Basic Materials 		0.00% 0.00% 100.00% 41.16%

Stock Geographic Breakdown

Weighting Return Low Return High CELFX % Rank
US 		74.42% -6.18% 99.68% 7.96%
Non US 		0.87% -0.30% 17.73% 3.43%

Bond Sector Breakdown

Weighting Return Low Return High CELFX % Rank
Corporate 		35.33% 0.00% 96.66% 51.05%
Cash & Equivalents 		7.66% 0.00% 94.89% 22.07%
Securitized 		5.56% 0.00% 99.65% 75.36%
Municipal 		0.00% 0.00% 54.26% 40.74%
Government 		0.00% 0.00% 99.43% 86.47%
Derivative 		-1.27% -75.22% 147.15% 97.03%

Bond Geographic Breakdown

Weighting Return Low Return High CELFX % Rank
US 		20.35% 0.00% 199.60% 86.27%
Non US 		0.39% 0.00% 74.14% 64.27%

CELFX - Expenses

Operational Fees

CELFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.68% 0.03% 34.13% 29.70%
Management Fee 0.95% 0.00% 2.29% 81.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

CELFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

CELFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CELFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 632.00% 2.45%

CELFX - Distributions

Dividend Yield Analysis

CELFX Category Low Category High CELFX % Rank
Dividend Yield 10.99% 0.00% 23.30% 51.93%

Dividend Distribution Analysis

CELFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

CELFX Category Low Category High CELFX % Rank
Net Income Ratio 4.24% -1.55% 11.51% 14.74%

Capital Gain Distribution Analysis

CELFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CELFX - Fund Manager Analysis

Managers

Stephen Nesbitt

Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Stephen L. Nesbitt, Chief Executive Officer and Chief Investment Officer of the Investment Manager, is primarily responsible for the day-to-day management of the Fund. Mr. Nesbitt has been the portfolio manager of the Fund since its inception. Prior to forming the Investment Manager in 2004, Mr. Nesbitt was a Senior Managing Director at Wilshire Associates. From 1990 to 2004, Mr. Nesbitt led the Consulting division at Wilshire Associates and also started and built its asset management business using a “manager of managers” investment approach, including private equity and hedge fund-of-fund portfolios. Mr. Nesbitt started his career at Wells Fargo Investment Advisors, an early pioneer in index funds, where he developed and managed index funds and oversaw asset allocation

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19

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