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Cliffwater Enhanced Lending Fund (CELFX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

IssuerCliffwater
Inception DateJul 26, 2021
CategoryNontraditional Bonds
Min. Investment$10,000,000
Home Pagewww.cliffwaterfunds.com
Asset ClassBond

Expense Ratio

CELFX has a high expense ratio of 1.68%, indicating higher-than-average management fees.


Expense ratio chart for CELFX: current value at 1.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.68%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Cliffwater Enhanced Lending Fund

Popular comparisons: CELFX vs. BSV

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Cliffwater Enhanced Lending Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


5.00%10.00%15.00%20.00%25.00%30.00%December2024FebruaryMarchAprilMay
30.26%
21.53%
CELFX (Cliffwater Enhanced Lending Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Cliffwater Enhanced Lending Fund had a return of 1.96% year-to-date (YTD) and 4.77% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date1.96%9.49%
1 month0.74%1.20%
6 months1.48%18.29%
1 year4.77%26.44%
5 years (annualized)N/A12.64%
10 years (annualized)N/A10.67%

Monthly Returns

The table below presents the monthly returns of CELFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.93%0.74%-1.92%1.87%1.96%
20230.85%0.84%0.84%0.75%1.03%1.21%1.06%1.02%1.20%-2.00%1.12%-1.38%6.67%
20220.87%0.95%1.70%0.87%1.32%0.84%0.69%0.66%0.37%0.59%0.94%1.22%11.57%
20210.90%1.49%1.56%0.67%1.52%1.00%7.35%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of CELFX is 55, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of CELFX is 5555
CELFX (Cliffwater Enhanced Lending Fund)
The Sharpe Ratio Rank of CELFX is 3030Sharpe Ratio Rank
The Sortino Ratio Rank of CELFX is 1818Sortino Ratio Rank
The Omega Ratio Rank of CELFX is 9494Omega Ratio Rank
The Calmar Ratio Rank of CELFX is 8383Calmar Ratio Rank
The Martin Ratio Rank of CELFX is 4747Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Cliffwater Enhanced Lending Fund (CELFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


CELFX
Sharpe ratio
The chart of Sharpe ratio for CELFX, currently valued at 0.97, compared to the broader market-1.000.001.002.003.004.000.97
Sortino ratio
The chart of Sortino ratio for CELFX, currently valued at 1.04, compared to the broader market-2.000.002.004.006.008.0010.0012.001.04
Omega ratio
The chart of Omega ratio for CELFX, currently valued at 1.56, compared to the broader market0.501.001.502.002.503.003.501.56
Calmar ratio
The chart of Calmar ratio for CELFX, currently valued at 1.72, compared to the broader market0.002.004.006.008.0010.0012.001.72
Martin ratio
The chart of Martin ratio for CELFX, currently valued at 4.04, compared to the broader market0.0020.0040.0060.004.04
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.27, compared to the broader market-1.000.001.002.003.004.002.27
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.22, compared to the broader market-2.000.002.004.006.008.0010.0012.003.22
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.003.501.39
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.83, compared to the broader market0.002.004.006.008.0010.0012.001.83
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.69, compared to the broader market0.0020.0040.0060.008.69

Sharpe Ratio

The current Cliffwater Enhanced Lending Fund Sharpe ratio is 0.97. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Cliffwater Enhanced Lending Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00December2024FebruaryMarchAprilMay
0.97
2.27
CELFX (Cliffwater Enhanced Lending Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Cliffwater Enhanced Lending Fund granted a 8.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.88 per share.


PeriodTTM202320222021
Dividend$0.88$1.14$1.00$0.32

Dividend yield

8.00%10.67%9.42%3.10%

Monthly Dividends

The table displays the monthly dividend distributions for Cliffwater Enhanced Lending Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.27$0.00$0.00$0.27$0.00$0.00$0.30$0.00$0.30$1.14
2022$0.00$0.00$0.00$0.24$0.00$0.00$0.24$0.00$0.00$0.24$0.00$0.27$1.00
2021$0.24$0.08$0.32

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay
-0.55%
-0.60%
CELFX (Cliffwater Enhanced Lending Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Cliffwater Enhanced Lending Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Cliffwater Enhanced Lending Fund was 2.82%, occurring on Dec 28, 2023. Recovery took 60 trading sessions.

The current Cliffwater Enhanced Lending Fund drawdown is 0.55%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-2.82%Oct 3, 202361Dec 28, 202360Mar 26, 2024121
-2.73%Mar 28, 20241Mar 28, 2024
-0.19%Aug 17, 20225Aug 23, 20224Aug 29, 20229
-0.19%Aug 12, 20221Aug 12, 20222Aug 16, 20223
-0.1%Nov 10, 20211Nov 10, 20211Nov 11, 20212

Volatility

Volatility Chart

The current Cliffwater Enhanced Lending Fund volatility is 0.28%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%December2024FebruaryMarchAprilMay
0.28%
3.93%
CELFX (Cliffwater Enhanced Lending Fund)
Benchmark (^GSPC)