Cliffwater Enhanced Lending Fund (CELFX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with CELFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CELFX
CELFX charges 2.68% annually. There are 72 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | CELFX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | CELFX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | CELFX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | CELFX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | CELFX vs FPFIX |
Best Risk-Adjusted Alternatives to CELFX
CELFX has a PortfoliosLab risk / return rank of 100. No mutual funds in the Nontraditional Bonds category have higher risk-adjusted ranks; the top alternatives shown here go as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | CELFX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | CELFX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | CELFX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | CELFX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Aug 2010 | CELFX vs EGRIX |
Top Performing CELFX Alternatives (YTD)
CELFX is at 4.56% YTD. There are 4 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.55% | — | Aug 2010 | CELFX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | CELFX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | CELFX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.11% | — | Mar 2022 | CELFX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | 4.28% | — | Jan 2023 | CELFX vs CBYYX |
Lowest Volatility Alternatives to CELFX
CELFX has 0.85% 1-year volatility. No mutual funds in the Nontraditional Bonds category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 1.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.07% | — | Dec 2004 | CELFX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | CELFX vs CBYYX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | CELFX vs BGCIX | |
| GMO Opportunistic Income Fund | 1.43% | — | Oct 2011 | CELFX vs GMODX | |
| Anfield Universal Fixed Income Fund | 1.45% | — | Jun 2013 | CELFX vs AFLIX |
Lowest Drawdown Alternatives to CELFX
CELFX has a 1-year max drawdown of -0.18%. There is 1 mutual fund in the Nontraditional Bonds category with a shallower 1-year drawdown, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | CELFX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | CELFX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.49% | — | Dec 2004 | CELFX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | CELFX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.86% | — | Mar 2011 | CELFX vs PADZX |
Other Mutual Funds from Cliffwater
The 1 most viewed Cliffwater mutual funds shown here include CCLFX and span 2 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | Bank Loan, High Yield Bonds | 100 | 3.28% | — | Jun 2019 | CELFX vs CCLFX |
Often Compared With CELFX
Investors most often compare CELFX with DFLEX, TUNIX, SIFFX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare CELFX with Any Fund or Stock
Compare CELFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CELFX with funds that move differently
Cliffwater Enhanced Lending Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CELFX.
Explore CELFX Diversifiers