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Trending ETFs

Name

As of 09/22/2023

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

$10.94

$1.83 B

9.96%

$1.09

1.68%

Vitals

YTD Return

8.8%

1 yr return

11.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$1.83 B

Holdings in Top 10

44.7%

52 WEEK LOW AND HIGH

$10.9
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 09/22/2023

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

$10.94

$1.83 B

9.96%

$1.09

1.68%

CELFX - Profile

Distributions

  • YTD Total Return 8.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.24%
DIVIDENDS
  • Dividend Yield 10.0%
  • 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
    Inst
  • 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 8.8% -49.1% 11.6% 2.84%
1 Yr 11.8% -51.9% 12.8% 2.99%
3 Yr N/A* -22.8% 9.7% N/A
5 Yr N/A* -29.5% 3.0% N/A
10 Yr N/A* -27.4% 5.3% N/A

* Annualized

Return Ranking - Calendar

Period CELFX Return Category Return Low Category Return High Rank in Category (%)
2022 1.6% -26.7% 18.4% 0.58%
2021 N/A -26.6% 25.7% N/A
2020 N/A -49.2% 18.7% N/A
2019 N/A -35.1% 12.4% N/A
2018 N/A -48.0% 3.4% N/A

Total Return Ranking - Trailing

Period CELFX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -48.1% 13.6% 2.84%
1 Yr 11.8% -47.3% 14.1% 2.99%
3 Yr N/A* -18.9% 19.8% N/A
5 Yr N/A* -11.2% 9.6% N/A
10 Yr N/A* -12.3% 6.1% N/A

* Annualized

Total Return Ranking - Calendar

Period CELFX Return Category Return Low Category Return High Rank in Category (%)
2022 11.6% -23.0% 20.8% 0.87%
2021 N/A -7.6% 50.0% N/A
2020 N/A -28.6% 24.1% N/A
2019 N/A -4.8% 18.6% N/A
2018 N/A -37.3% 8.0% N/A

NAV & Total Return History


CELFX - Holdings

Concentration Analysis

CELFX Category Low Category High CELFX % Rank
Net Assets 1.83 B 1.44 M 119 B 28.05%
Number of Holdings 202 2 8175 68.09%
Net Assets in Top 10 816 M -1.57 B 20.5 B 19.94%
Weighting of Top 10 44.72% 4.3% 105.0% 26.92%

Top 10 Holdings

  1. State Street Institutional U.S. Government Money Market Fund - Class Premier 10.04%
  2. HERCULES PRIVATE GLO FUND V-L LP / 7.30%
  3. CALLODINE PERPETUAL ABL FUND LP / 5.31%
  4. Raven Evergreen Cred FUND II LP / 4.36%
  5. VPC LEGAL FINANCE FUND / 4.28%
  6. BENEFIT STREET PARTN REAL ESTATE OPP DEBT / 3.20%
  7. KING STREET OPPOTUNI CREDIT EVERGREEN FUN / 2.82%
  8. VPC ASSET BACKED OPP CREDIT FUND LP / 2.77%
  9. FELICITAS TACTICAL O FUND LP / 2.63%
  10. D.E.SHAW DIOPTER INT FUND LP / 2.02%

Asset Allocation

Weighting Return Low Return High CELFX % Rank
Stocks
76.94% -38.22% 261.12% 7.41%
Bonds
14.27% -150.81% 180.51% 89.17%
Cash
10.14% -261.12% 258.91% 30.20%
Preferred Stocks
1.64% 0.00% 13.21% 8.97%
Convertible Bonds
0.00% 0.00% 33.50% 85.67%
Other
-0.36% -25.82% 276.99% 89.03%

Stock Sector Breakdown

Weighting Return Low Return High CELFX % Rank
Financial Services
100.00% 0.00% 100.00% 0.26%
Utilities
0.00% 0.00% 100.00% 48.03%
Technology
0.00% 0.00% 29.61% 38.06%
Real Estate
0.00% 0.00% 100.00% 46.98%
Industrials
0.00% 0.00% 100.00% 54.86%
Healthcare
0.00% 0.00% 100.00% 39.11%
Energy
0.00% 0.00% 100.00% 74.54%
Communication Services
0.00% 0.00% 100.00% 47.24%
Consumer Defense
0.00% 0.00% 99.97% 41.73%
Consumer Cyclical
0.00% 0.00% 89.95% 49.61%
Basic Materials
0.00% 0.00% 100.00% 42.52%

Stock Geographic Breakdown

Weighting Return Low Return High CELFX % Rank
US
76.65% -40.06% 261.12% 7.41%
Non US
0.29% -0.10% 18.33% 7.69%

Bond Sector Breakdown

Weighting Return Low Return High CELFX % Rank
Corporate
35.33% 0.00% 97.25% 50.95%
Cash & Equivalents
10.14% 0.00% 100.00% 22.43%
Securitized
5.56% 0.00% 99.65% 73.72%
Municipal
0.00% 0.00% 54.26% 41.26%
Government
0.00% 0.00% 99.43% 86.78%
Derivative
-0.36% -0.52% 72.98% 77.71%

Bond Geographic Breakdown

Weighting Return Low Return High CELFX % Rank
US
14.16% -151.11% 194.51% 86.04%
Non US
0.10% -136.75% 104.82% 67.66%

CELFX - Expenses

Operational Fees

CELFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.68% 0.01% 26.65% 28.45%
Management Fee 0.95% 0.00% 2.29% 78.50%
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% 5.00% 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% 2.41%

CELFX - Distributions

Dividend Yield Analysis

CELFX Category Low Category High CELFX % Rank
Dividend Yield 9.96% 0.00% 18.30% 12.85%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CELFX Category Low Category High CELFX % Rank
Net Income Ratio 4.24% -1.55% 11.51% 14.49%

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 5.66 3.19