Cliffwater Enhanced Lending Fund (CELFX)
Fund Info
| Issuer | Cliffwater |
|---|---|
| Inception Date | Jul 26, 2021 |
| Category | Nontraditional Bonds |
| Min. Investment | $10,000,000 |
| Home Page | www.cliffwaterfunds.com |
| Asset Class | Bond |
Expense Ratio
CELFX has a high expense ratio of 1.68%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CELFX vs. BSV, CELFX vs. JEPI, CELFX vs. FBKWX, CELFX vs. SPY
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.
Returns By Period
Cliffwater Enhanced Lending Fund had a return of 8.18% year-to-date (YTD) and 10.72% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.18% | 25.82% |
| 1 month | 0.64% | 3.20% |
| 6 months | 3.10% | 14.94% |
| 1 year | 10.72% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.93% | 0.74% | 0.84% | 1.87% | 1.38% | 1.27% | 0.80% | 1.28% | 0.63% | -1.97% | 8.18% | ||
| 2023 | 0.85% | 0.84% | 0.84% | 0.75% | 1.03% | 1.21% | 1.06% | 1.03% | 1.20% | 0.76% | 1.12% | 1.40% | 12.77% |
| 2022 | 0.86% | 0.95% | 1.70% | 0.87% | 1.32% | 0.84% | 0.69% | 0.66% | 0.37% | 0.59% | 0.94% | 1.22% | 11.57% |
| 2021 | 0.90% | 1.49% | 1.56% | 0.67% | 1.52% | 1.00% | 7.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CELFX is 82, placing it in the top 18% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
Cliffwater Enhanced Lending Fund provided a 8.29% dividend yield over the last twelve months, with an annual payout of $0.91 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.91 | $1.15 | $1.00 | $0.32 |
Dividend yield | 8.29% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | |
| 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 | $1.15 |
| 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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 2.77%, occurring on Oct 2, 2024. The portfolio has not yet recovered.
The current Cliffwater Enhanced Lending Fund drawdown is 1.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.77% | Oct 2, 2024 | 1 | Oct 2, 2024 | — | — | — |
| -0.19% | Aug 17, 2022 | 1 | Aug 17, 2022 | 6 | Aug 25, 2022 | 7 |
| -0.19% | Aug 12, 2022 | 1 | Aug 12, 2022 | 2 | Aug 16, 2022 | 3 |
| -0.1% | Nov 10, 2021 | 1 | Nov 10, 2021 | 1 | Nov 11, 2021 | 2 |
| -0.09% | Nov 16, 2022 | 1 | Nov 16, 2022 | 1 | Nov 17, 2022 | 2 |
Volatility
Volatility Chart
The current Cliffwater Enhanced Lending Fund volatility is 0.24%, 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.