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Toggle navigationContactCommentaryAugust 2016July 2016June 2016May 2016April 2016March 2016February 2016January 2016December 2015November 2015October 2015September 2015August 2015July 2015June 2015May 2015April 2015March 2015February 2015PublicationsBDCs - A Liquid Alternative toPrivate Debt1 year3 year5 yearAllTotal ReturnTotal ReturnPrice ReturnYieldPremium/DiscountHistoryMethodologyConstituents{{$select.selected.name}} ({{$select.selected.id}})CWBDC IndexThe Cliffwater BDC Index (CWBDC Index) is a capitalization-weighted index capturing the performanceof all lending-oriented, exchange-listed Business Development Companies (BDC) that satisfy certaineligibility requirements{{ isIndex ? "Index" : ticker.selected.id}} CharacteristicsClose ({{contextDate}}): {{ isIndex ? "" : "$"}}{{close}}Number of Companies: {{noOfCompanies}}{{ isIndex ? "Index Yield" : "Dividend Yield" }} : {{yield}}Market Capitalization: {{marketCap}}NAV Premium/Discount: {{premiumDiscountPercent}}Launch Date: January 1, 2015 BDC Overview View Download Recent Monthly Commentary View Download Q1 Direct Lending Report View Download Yield (%) as of {{contextDate}} Performance (%) through {{contextDate}} Asset Seniority of {{tickerSelected}} as of Mar 31, 2016 Top 10 Index Holdings as of {{contextDate}} Asset Seniority of CWBDC as of Mar 31, 2016 × The Cliffwater BDC Index January 1, 2015 The Cliffwater BDC Index portfolio construction protocols are described below. Cliffwater BDC Index Construction Definitions Rebalancing Date - calendar quarter-end Evaluation Date - 15 days prior to Rebalancing Date Eligibility SEC regulated as a BDC under the Investment Company Act of 1940 Common stock listed on the NYSE or NASDAQ, and meets all the listing requirements of the applicable exchange Minimum listing of 60 trading days prior to Evaluation Date A substantial majority (approximately 75%) of total investments represented by corporate debt* Must have paid a dividend within the last 180 days Market capitalization of at least $50 million Eligibility reviewed at quarterly Evaluation Dates Weighting Market capitalization weighting of all eligible securities Rebalancing At quarterly Rebalancing Dates Base Date/Value September 30, 2004 at 1,000 Launch Date January 1, 2015 *As determined by Cliffwater LLC on a rolling 12-month basis based on quarterly SEC filings Disclosures Close Log in Login Failed! Please check your credentials Log in × Series Colors {{col.name}} ({{col.color}}) Update
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