The Cliffwater BDC Index (CWBDC) measures the performance of lending-oriented, exchange-traded Business Development Companies, subject to certain eligibility criteria regarding portfolio composition, market capitalization, and dividend history. The CWBDC is a capitalization-weighted index that is calculated on a daily basis using publicly-available closing share prices and reported dividend payouts. The CWBDC Total Return Index includes two components: 1) Income Return and 2) Price Return.Click here to view CWBDC Index on Bloomberg
|Overview||The Cliffwater BDC Index (“CWBDC”) measures the performance of lending-oriented, exchange-traded Business Development Companies (“BDCs”), subject to certain Eligibility Criteria. The CWBDC is a capitalization-weighted index that is calculated on a daily basis using publicly-available closing share prices and reported dividend payouts.|
|Valuation Dates||Daily (i.e., days on which U.S. stock markets are open)|
Quarterly based on the Eligibility Criteria
The CWBDC will be reconstituted typically within 75 calendar days, but no later than 90 calendar days, following each calendar quarter end.
If a BDC meets the eligibility criteria, but has not filed its report on Form 10-K or 10-Q with the SEC at the time the index is reconstituted, asset information from its report will be included in the index at the time of the next reconstitution.
|Index Returns and Components||
|Availability||Index returns generally will be published daily.|
|Launch Date||January 1, 2015|
|Base Date||September 30, 2004|
The Cliffwater BDC Index (CWBDC Index) is a capitalization-weighted index capturing the performance of all lending-oriented, exchange-listed Business Development Companies (BDC) that satisfy certain eligibility requirements