All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

CCLFX: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

CCLFX real return snapshot: after CPI-U inflation, CCLFX returned +3.19% over the past year and −0.07% YTD, with dividends reinvested. Since Mar. 6, 2019, CCLFX is up +42.09% in real purchasing-power return, or +4.88%/yr, and is currently −2.00% below its real total-return high on Jun. 30, 2026.

Data ending Mon Jul. 20, 2026

Growth of $10,000

Wed 2019-03-06💬 to Mon 2026-07-20 Overall
Return 		Exponential
Trendline
CCLFX × 		+42.09%
+4.88%/yr 		+5.42%/yr
R2=0.949
Cliffwater Corporate Lending Fund Mutual Fund

Growth of $10,000 Summary

Wed 2019-03-06💬 to Mon 2026-07-20 Start
Value 		End
Value
CCLFX × 		$10,000.00
2019-03-06 		$14,208.50
2026-07-20

This Year’s Performance

through 2026-07-20

  YTD YoY
CCLFX × 		−0.07% +3.19%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
CCLFX × 		−2.00%
on 2026-07-20
from 2026-06-30 peak 		−3.87%
on 2020-03-25
from 2020-02-14 peak

Rolling Returns

Period ending Mon 2026-07-20 1 yr 2 yr 3 yr 5 yr 10 yr
CCLFX × 		+3.19% +10.70%
+5.22%/yr 		+22.39%
+6.97%/yr 		+28.94%
+5.21%/yr 		—

Annual Returns

Year CCLFX
2026 (YTD) −0.07%
2025 +6.08%
2024 +9.47%
2023 +9.01%
2022 +0.05%
2021 +3.13%
2020 +7.27%
2019 +1.49%