>> /P 6162 0 R /S /P << 162 0 obj /Pg 22 0 R << /S /P /K 211 endobj /S /P >> >> /P 10 0 R /S /P /Pg 23 0 R << >> /S /Artifact >> /Lang (EN-US) /Lang (EN-US) endobj /K 1190 /Lang (EN-US) /Pg 25 0 R /Lang (EN-US) /K 72 /K 108 /S /P /Lang (EN-US) 65 0 obj >> >> >> >> /S /Artifact << endobj 1021 0 obj /Lang (EN-US) /P 6317 0 R endobj << >> /Pg 24 0 R null null 1975 0 R null null null 1976 0 R null 1977 0 R null /Lang (EN-US) /K 113 endobj 2397 0 obj /Lang (EN-US) >> /P 6199 0 R endobj >> << endobj /P 6364 0 R /K 985 3259 0 obj << endobj endobj << /K 486 378 0 obj /P 6093 0 R endobj /Lang (EN-US) /K 89 /K 495 /S /P /Lang (EN-US) << 1115 0 obj /P 6144 0 R 3496 0 obj >> /S /Artifact >> /S /P 1151 0 obj 3753 0 R null 3754 0 R null 3755 0 R null 3756 0 R 3757 0 R null 3758 0 R /Pg 25 0 R << /Pg 22 0 R /S /Artifact 1265 0 obj << >> 370 0 obj /K 103 /Lang (EN-US) endobj << 3507 0 obj /S /Artifact endobj 1128 0 R 1129 0 R 1130 0 R 1131 0 R 1132 0 R 1133 0 R 1134 0 R 1135 0 R 1136 0 R 1137 0 R 3927 0 R 3928 0 R 3929 0 R 3930 0 R 3931 0 R 3932 0 R 3933 0 R 3934 0 R 3935 0 R 3936 0 R >> /K 788 /K 1076 /Lang (EN-US) /Lang (EN-US) 328 0 obj endobj /S /Link /P 6694 0 R endobj /P 5106 0 R /P 4951 0 R /Pg 23 0 R /S /Artifact /S /P >> /K 1464 << endobj endobj << /K 1225 66 0 obj >> /K 680 << /Pg 25 0 R << /S /Artifact /Pg 23 0 R /P 6078 0 R >> /Pg 24 0 R << /Pg 25 0 R >> >> << endobj /Pg 25 0 R >> /K 755 /K 1198 /Pg 22 0 R 3010 0 obj << << << endobj >> /S /P >> >> endobj << /Lang (EN-US) /S /Artifact /S /Artifact /Pg 23 0 R /Pg 24 0 R /Pg 22 0 R /P 6121 0 R /Pg 24 0 R << /Pg 25 0 R << /S /Artifact 1676 0 obj /K 73 /Pg 25 0 R endobj /Pg 15 0 R /S /P /K 1083 3294 0 R 3295 0 R 3296 0 R 3297 0 R 3298 0 R 3299 0 R 3300 0 R 3301 0 R 3302 0 R 3303 0 R /Lang (EN-US) 150 0 obj 3154 0 obj >> << /Lang (EN-US) 2924 0 obj /K 445 /S /P /Lang (EN-US) /K 1182 >> endobj << /P 5017 0 R /Lang (EN-US) /P 4399 0 R 1171 0 obj endobj endobj /K 829 2178 0 obj 1903 0 R null null null 1904 0 R null 1905 0 R null 1906 0 R null >> /Pg 24 0 R >> >> /S /P /S /Artifact /K 1274 2666 0 obj /P 5773 0 R << endobj /S /P /K 599 /Pg 22 0 R >> 955 0 obj /S /Artifact /K 235 3716 0 obj 1205 0 obj /K 782 /K 462 >> 2427 0 obj >> /Pg 24 0 R /S /P /Pg 24 0 R /S /P /Pg 25 0 R /K 608 /P 10 0 R 3894 0 obj /S /P /S /Artifact /Pg 25 0 R /K 116 /Pg 20 0 R /S /Artifact << endobj << << /Pg 23 0 R /S /P << >> 4149 0 obj /Lang (EN-US) /S /Artifact /Lang (EN-US) 1739 0 obj 147 0 obj >> /P 6660 0 R endobj 2805 0 obj /S /P 2858 0 obj /S /P endobj << /K 35 /K 1313 /Lang (EN-US) 1157 0 obj /S /P << /Pg 25 0 R /K 229 endobj /S /Artifact << /A 4673 0 R << /Pg 22 0 R 1320 0 obj endobj /Pg 25 0 R /Lang (EN-US) << /S /Artifact /Lang (EN-US) << >> endobj endobj 3193 0 obj 455 0 obj 1469 0 obj /S /P endobj >> endobj 2325 0 obj endobj /S /Artifact /K 925 /S /P >> endobj /Pg 24 0 R endobj endobj << >> endobj /Pg 22 0 R endobj /S /Artifact /K 867 >> >> 3972 0 obj /Pg 25 0 R /K 1157 /S /P /S /P /S /Artifact /P 6587 0 R /S /Artifact /Lang (EN-US) /P 6445 0 R /S /P /P 6346 0 R /P 10 0 R /S /P << << >> /S /P /S /P << /S /Artifact /P 5814 0 R >> /K 1188 >> endobj << /Pg 22 0 R /Pg 14 0 R /K [68 4676 0 R] /P 5732 0 R << << << /K 837 /Lang (EN-US) /Pg 25 0 R /Pg 25 0 R /Lang (EN-US) 1098 0 obj /Lang (EN-US) /K 1262 In fact, in comparison with high-yield and traded loans, the Cliffwater Direct Lending Index (CDLI) has delivered an average yield pickup of 391 basis points (bps) and 547 bps, respectively, since 2005. /Pg 24 0 R 284 0 R 285 0 R 286 0 R 287 0 R 288 0 R 290 0 R 291 0 R 292 0 R 293 0 R 294 0 R endobj /Pg 24 0 R >> endobj /S /P /Pg 22 0 R << /Lang (EN-US) << 3087 0 obj /Lang (EN-US) 2687 0 obj /Lang (EN-US) /Lang (EN-US) /P 4903 0 R 4209 0 obj 3458 0 obj >> /K 1106 3229 0 obj /Lang (EN-US) /K 891 << 1308 0 R 1309 0 R 1310 0 R 1311 0 R 1312 0 R 1313 0 R 1314 0 R 1315 0 R 1316 0 R 1317 0 R endobj /K 670 /P 4719 0 R /Lang (EN-US) 2280 0 obj /P 10 0 R null 3573 0 R null 3574 0 R null 3575 0 R null 3576 0 R null null /Lang (EN-US) endobj endobj /K 911 /S /P /S /P 3566 0 obj /Contents 4384 0 R << >> /Lang (EN-US) << /Lang (EN-US) 3324 0 R 3325 0 R 3326 0 R 3327 0 R 3328 0 R 3329 0 R 3330 0 R 3331 0 R 3332 0 R 3333 0 R >> << << /S /Artifact endobj 1529 0 obj >> /Lang (EN-US) /S /Artifact >> endobj /K 66 4039 0 obj /P 5104 0 R /P 5791 0 R /K 457 /S /Artifact >> 1850 0 R null 1851 0 R null 1852 0 R null 1853 0 R null 1854 0 R null /Pg 24 0 R /K 1451 181 0 obj endobj /K 207 1195 0 obj /Pg 24 0 R /S /P /S /Artifact >> 1135 0 obj /S /Artifact /S /Artifact << 1345 0 R 1346 0 R 1347 0 R 1348 0 R 1349 0 R 1350 0 R 1351 0 R 1352 0 R 1353 0 R 1354 0 R >> /K 30 endobj /Pg 13 0 R /Lang (EN-US) 2512 0 obj /Pg 26 0 R 1564 0 obj /K 1066 endobj /Lang (EN-US) /P 6573 0 R /Pg 23 0 R >> endobj 3632 0 obj endobj /S /P /S /P 2249 0 obj /P 10 0 R 2558 0 obj endobj /P 5323 0 R /Lang (EN-US) /K 1346 /S /P endobj /Pg 24 0 R endobj >> 3423 0 obj /K 559 >> >> /K 1143 >> >> << endobj 2459 0 obj /P 5120 0 R endobj << null 93 0 R null null 420 0 R null 421 0 R null 95 0 R 97 0 R >> << /S /Artifact /Pg 24 0 R /Pg 18 0 R endobj endobj /P 6192 0 R endobj /K 1219 << << 905 0 obj /P 6586 0 R /P 146 0 R Private Credit vs. Other Private Capital Asset Classes << >> /Pg 22 0 R endobj >> 1740 0 obj /Pg 23 0 R 3647 0 obj /P 5590 0 R /K 1144 3635 0 R null 3636 0 R null null null 3637 0 R null null null << /P 6359 0 R /Lang (EN-US) /Pg 24 0 R /S /P /P 5963 0 R /K 1538 >> << endobj /Contents [4339 0 R 4340 0 R 4341 0 R 4342 0 R 4343 0 R 4344 0 R 4345 0 R 4346 0 R] endobj /Pg 20 0 R /P 6109 0 R /S /P >> >> /S /Artifact << /Pg 22 0 R /Pg 20 0 R endobj /S /Artifact /S /P 2182 0 obj << >> >> /S /P /K [1335 1336] /P 6218 0 R /Pg 18 0 R /P 5789 0 R >> >> /Pg 25 0 R >> /Lang (EN-US) /Pg 22 0 R /K 36 >> endobj << >> /Pg 22 0 R 1827 0 obj /K 526 endobj /S /P >> /Lang (EN-US) /Pg 23 0 R << /S /Artifact endobj endobj >> /K 628 /K 880 /P 6682 0 R 16 0 obj /Pg 23 0 R /Pg 25 0 R /Pg 24 0 R 751 0 obj 571 0 obj 949 0 obj /P 6074 0 R 3039 0 obj /K 1480 /Pg 23 0 R /Lang (EN-US) /K 55 /S /P /K 1296 /Lang (EN-US) 639 0 obj << endobj /S /P 2520 0 obj endobj /P 6019 0 R /S /Artifact << /Lang (EN-US) >> endobj /Lang (EN-US) << 3748 0 obj /S /Artifact endobj << 1612 0 obj /Lang (EN-US) /Lang (EN-US) /K 846 3622 0 obj /S /Artifact /S /P /Pg 25 0 R /K 1253 /S /Artifact /Pg 20 0 R /K 1304 /S /P /S /Artifact endobj /K 635 422 0 obj /Pg 22 0 R /S /P /Lang (EN-US) /S /P 3141 0 obj /P 10 0 R endobj /S /P >> /Lang (EN-US) /S /Artifact /S /P /Pg 23 0 R /K 137 /P 5062 0 R /K 1347 1623 0 obj >> /P 5007 0 R << /Pg 24 0 R /Pg 23 0 R << 4203 0 obj 4057 0 obj >> << /Pg 24 0 R /Lang (EN-US) >> /S /P /P 6460 0 R endobj /P 5284 0 R >> endobj >> 990 0 obj /Pg 16 0 R 14 [333 0 R 334 0 R 335 0 R 336 0 R 337 0 R 338 0 R 339 0 R 340 0 R 341 0 R 342 0 R /K 333 << 786 0 obj null 579 0 R 580 0 R null null 581 0 R null 582 0 R 583 0 R null /Pg 16 0 R 33 >> 3988 0 obj endobj << endobj /K 165 >> << 3388 0 obj /K 499 /Pg 22 0 R >> /Lang (EN-US) /Pg 22 0 R /K 1094 endobj /K 159 /Lang (EN-US) >> null 1562 0 R null null null 1563 0 R null 1564 0 R null 1565 0 R /Pg 25 0 R /Pg 23 0 R null 833 0 R null 834 0 R null 835 0 R null null null 836 0 R << /P 6337 0 R /P 5191 0 R << /K 662 /P 6265 0 R /Pg 25 0 R /Pg 25 0 R /S /Artifact >> endobj /K 1043 endobj /S /Artifact 844 0 obj /S /P /Pg 25 0 R >> >> << /Pg 24 0 R /S /Artifact /K 884 /P 5625 0 R 2409 0 obj /S /P /K 534 /K 541 /Pg 23 0 R 4213 0 obj /Pg 15 0 R /Pg 25 0 R /P 4730 0 R endobj << /Pg 25 0 R /K 1331 /S /P >> >> 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R 112 0 R 113 0 R 114 0 R 115 0 R 116 0 R /P 152 0 R >> >> endobj << >> /Pg 23 0 R /Pg 24 0 R /K 607 /K 1390 /S /Artifact /Pg 24 0 R >> /K 1367 859 0 obj 3955 0 obj /K 85 /Pg 22 0 R /S /Artifact /S /P endobj endobj /S /Artifact >> /Pg 25 0 R << 1126 0 obj /Lang (EN-US) /S /P /S /Artifact >> /S /Artifact >> endobj << << 2762 0 obj /K 170 << >> CLIFFWATER and the CLIFFWATER LLC logo are trademarks of Cliffwater LLC. /P 5709 0 R /K 1496 << /Lang (EN-US) /Pg 25 0 R /Pg 13 0 R /Pg 20 0 R /Lang (EN-US) << /P 10 0 R "The positive effect is direct lending gains market share, which has . endobj /Lang (EN-US) << /K 643 /K 601 3439 0 obj 3274 0 R 3275 0 R 3276 0 R 3277 0 R 3278 0 R 3279 0 R 3280 0 R 3281 0 R 3282 0 R 3283 0 R /S /Artifact << << /S /P /K 472 /K 44 /Pg 18 0 R endobj /K 1103 /Pg 25 0 R The unsmoothed volatility adjustment for the CDLI is 4.5%, which is roughly less than that of the blended public credit index (shown in Exhibit C). << >> 2637 0 obj /S /Artifact << /K 1484 endobj null 2766 0 R 2767 0 R null 2768 0 R null 2769 0 R null 2770 0 R null >> /S /Artifact 1843 0 obj >> >> >> /K 229 3672 0 obj << /P 6465 0 R /S /Artifact << /K 1056 /K 1207 >> Private Debt von Stephen L. Nesbitt (ISBN 978-1-119-94441-6) online kaufen | Sofort-Download - lehmanns.ch /S /Artifact >> << /K 149 endobj << /S /Artifact /Lang (EN-US) /Lang (EN-US) >> /P 4960 0 R 1718 0 obj 2383 0 obj /Pg 22 0 R endobj /Pg 25 0 R /Pg 23 0 R /S /LBody 254 0 obj endobj << /P 6267 0 R /P 5587 0 R << << >> /Pg 23 0 R >> /K 841 /S /P 3486 0 obj 2171 0 obj >> >> /S /P /Lang (EN-US) /Pg 25 0 R /Document#20Type (5) /Lang (EN-US) /K 768 /Pg 22 0 R << /S /P /S /P /P 5164 0 R /K 1299 null null null 3529 0 R null null null 3530 0 R null 3531 0 R ~bXc'lc=FdC_[xZ"~FD>H3^k3 Mn ctfq49H35^`6UuaY=Der t:C << /P 5715 0 R 1805 0 obj /S /P 1914 0 obj /Lang (EN-US) /S /P /K 184 2966 0 obj /Pg 22 0 R endobj /S /Table /S /P << /K 187 /Pg 24 0 R endobj /S /Artifact /K 127 endobj endobj /K 1091 << >> /Lang (EN-US) << >> /Pg 24 0 R endobj 4524 0 R] << /Pg 22 0 R /P 141 0 R << endobj /S /Artifact << endobj /Pg 18 0 R /Lang (EN-US) null 1678 0 R null 1679 0 R null 1680 0 R null 1681 0 R null null /S /Artifact >> /K 81 /Pg 18 0 R null 3649 0 R 329 0 R null 331 0 R null 3650 0 R null null 3651 0 R >> /S /P /K 1375 /Pg 22 0 R /P 4920 0 R 467 0 obj 1362 0 obj << endobj /Pg 19 0 R /K 1234 /Lang (EN-US) << /Pg 25 0 R /Pg 25 0 R /P 4785 0 R endobj /Lang (EN-US) /S /Artifact << /K 25 /Pg 23 0 R /S /Artifact >> /S /Artifact /Lang (EN-US) /Lang (EN-US) /P 5273 0 R /Pg 22 0 R /Lang (EN-US) >> /Pg 23 0 R /P 4795 0 R 3005 0 obj >> >> /Rotate 0 /Pg 23 0 R 469 0 obj >> As of December 31, 2021. /K 264 4184 0 R 4185 0 R 4186 0 R 4187 0 R 4188 0 R 4189 0 R 4190 0 R 4191 0 R 4192 0 R 4193 0 R /Pg 23 0 R /K 763 /S /Artifact endobj endobj << >> /P 5925 0 R /Lang (EN-US) endobj /S /P 3111 0 obj /S /Artifact /K 745 >> /Pg 25 0 R << endobj 442 0 obj /K 1273 /Pg 24 0 R /P 6256 0 R 1868 0 obj endobj endobj /S /Artifact /S /Artifact endobj (12-month) Source: Morningstar, Cliffwater Direct Lending Index, Morningstar LSTA US Leveraged Loan Index. endobj /S /P 3479 0 obj /Pg 24 0 R >> /S /Artifact 417 0 obj endobj 3724 0 obj << /Pg 23 0 R /K 1207 null 1795 0 R null 1796 0 R null 1797 0 R null 1798 0 R null 1799 0 R << << endobj 134 0 obj >> endobj /Pg 23 0 R /K 371 /K 1413 1467 0 obj 2328 0 obj /Lang (EN-US) /S /P /Pg 24 0 R << /S /Artifact endobj << << endobj /S /P 1553 0 obj /K 1384 3693 0 obj >> << << /P 6021 0 R /K 1503 /K 869 /Pg 23 0 R /Pg 25 0 R << /P 6017 0 R >> /K 967 /K 1109 1221 0 obj 554 0 obj /K 1048 /Lang (EN-US) >> << /P 5281 0 R endobj /Pg 16 0 R /Pg 22 0 R /P 5176 0 R << << /Pg 16 0 R >> endobj /P 6653 0 R endobj 560 0 obj /S /Artifact /K 214 << /K 743 endobj /K 1148 973 0 obj /Pg 24 0 R >> endobj /S /P /P 10 0 R /P 6655 0 R endobj /Lang (EN-US) 976 0 obj /K 287 << /S /Artifact /K 714 /S /Artifact /K 1040 /Pg 23 0 R /Pg 24 0 R >> /Pg 24 0 R << /Lang (EN-US) /K 1345 /Pg 25 0 R /P 10 0 R /S /Artifact >> endobj /Pg 26 0 R /S /Artifact << /Pg 23 0 R endobj /Pg 25 0 R /Lang (EN-US) endobj << /K [1117 1118] 1311 0 obj >> /P 6314 0 R /K 468 /S /P << << 2891 0 R null null null 2892 0 R null null null 2893 0 R null /S /Artifact /Pg 25 0 R >> endobj 222 0 obj endobj /Pg 24 0 R /K 513 >> /S /Artifact << << 922 0 obj /S /P 3668 0 obj endobj << /K 1283 /P 4721 0 R /Lang (EN-US) << >> endobj /Pg 24 0 R >> << /K 45 /Pg 24 0 R >> /P 5691 0 R << >> << << 22 0 obj /Lang (EN-US) /Lang (EN-US) /K [135 4664 0 R] /Lang (EN-US) 954 0 obj /S /P >> /S /Artifact << /K 1545 << 3256 0 obj << >> << /Lang (EN-US) >> 4064 0 obj endobj 3381 0 obj /Lang (EN-US) >> << /K 659 << endobj /K 661 endobj 505 0 obj /S /Artifact /K 40 /P 5572 0 R << /S /Artifact /P 5526 0 R << /S /Artifact /K 1287 /S /Artifact >> >> >> << /Lang (EN-US) endobj /Pg 22 0 R endobj 1766 0 R null null null 1767 0 R null 1768 0 R null 1769 0 R null /Pg 23 0 R /P 6228 0 R /K 770 /S /Artifact << << 1281 0 obj << << 1405 0 R 1406 0 R 1407 0 R 1408 0 R 1409 0 R 1410 0 R 1411 0 R 1412 0 R 1413 0 R 1414 0 R /K 1013 << /Lang (EN-US) /S /P /P 5063 0 R >> >> << >> >> /S /P endobj /S /P /S /P 149 0 obj /S /P >> /S /P 160 0 obj 3547 0 obj >> 3206 0 obj /S /P /Lang (EN-US) /Lang (EN-US) /Lang (EN-US) /K 1156 endobj endobj /P 6353 0 R /K 732 /S /Artifact endobj << 2891 0 obj >> /K 380 /S /Artifact /S /Artifact endobj /Lang (EN-US) << /S /Artifact << /K 1427 << /K 275 << /K 1410 /Lang (EN-US) /S /Artifact << endobj << << 2016 0 obj /K 1195 /K 274 /Lang (EN-US) /Lang (EN-US) /S /P << >> >> /S /P /K 52 5 [140 0 R 142 0 R 143 0 R 144 0 R 145 0 R 147 0 R 149 0 R 150 0 R 151 0 R 152 0 R << << /S /Artifact /K 1364 /K 1145 /MediaBox [0 0 612 792] >> 452 0 obj endobj 4314 0 R 4315 0 R 4316 0 R 4317 0 R 4318 0 R 4319 0 R 4320 0 R 4321 0 R 4322 0 R 4323 0 R >> /Lang (EN-US) 357 0 obj /S /P << endobj >> /P 33 0 R >> /K 1324 endobj /K [80 412 0 R 136] /K 1422 /K 1394 /Pg 22 0 R << << >> >> >> /Pg 23 0 R >> endobj << endobj /Pg 19 0 R /S /P /Pg 24 0 R 3470 0 obj /Lang (EN-US) /Lang (EN-US) endobj 153 0 obj << /S /P << /S /P /Pg 19 0 R 1730 0 obj >> /Pg 24 0 R endobj null 814 0 R null 815 0 R null 816 0 R null 817 0 R null 818 0 R endobj endobj >> >> /Pg 25 0 R 2982 0 obj >> endobj /Lang (EN-US) /Pg 24 0 R /P 6703 0 R 3652 0 obj >> /Lang (EN-US) /Pg 25 0 R endobj >> 1744 0 obj /Pg 23 0 R 1979 0 obj >> endobj /Lang (EN-US) 3040 0 obj 365 0 obj << /Lang (EN-US) endobj /P 4875 0 R << /K 1124 /K 1094 /K 316 endobj endobj /Pg 23 0 R >> >> << endobj /Pg 24 0 R /S /Artifact /Pg 24 0 R endobj /K 1020 >> >> /P 6533 0 R /P 5280 0 R /K 17 /P 10 0 R /Pg 14 0 R /P 6647 0 R endobj 838 0 obj /Pg 23 0 R endobj /K 816 << /S /P /Pg 22 0 R endobj /K 176 /Lang (EN-US) /Pg 23 0 R << << /S /P /Lang (EN-US) 74 0 obj /K 257 << endobj /S /Artifact << /K 1225 /Lang (EN-US) >> >> >> /P 10 0 R endobj null 2949 0 R null 2950 0 R null 2951 0 R null null null 2952 0 R /S /P /P 5820 0 R /Pg 22 0 R /K 1131 endobj 3325 0 obj 1407 0 obj 925 0 obj 1535 0 R 1536 0 R 1537 0 R 1538 0 R 1539 0 R 1540 0 R 1541 0 R 1542 0 R 1543 0 R 1544 0 R /S /P 2985 0 obj 4212 0 obj endobj /K 1226 << << 2870 0 obj >> /K 54 >> endobj /Lang (EN-US) 1539 0 obj >> /K 570 /K 1373 /Pg 25 0 R endobj /Pg 24 0 R /Pg 23 0 R /K 58 2850 0 R 2851 0 R null 2852 0 R null 2853 0 R null 2854 0 R null 2855 0 R /Lang (EN-US) /S /P endobj endobj /S /P 4118 0 obj 705 0 obj /Lang (EN-US) /Pg 19 0 R /K 1087 /Pg 24 0 R 2193 0 obj /P 10 0 R /S /Artifact 3941 0 obj /P 6628 0 R /Pg 22 0 R /S /Artifact /S /P 1055 0 obj /P 4946 0 R Access to this resource is limited to existing Cliffwater clients and qualified prospects for our Funds, By clicking "Login", I accept Terms of Use, If you are an RIA, institutional investors, or other prospect for Funds, please contact us to gain access, By clicking "Accept", I accept Terms of Use, For more information to login, call (310) 448-5000 or email info@cliffwater.com. /K 1455 endobj 3789 0 obj /Pg 25 0 R >> endobj >> >> endobj endobj endobj 3691 0 obj >> 2156 0 obj /K 1312 /K 1300 >> endobj endobj << endobj /Pg 24 0 R /Pg 24 0 R endobj /K 1259 /P 10 0 R /K 1453 /S /P /P 5677 0 R >> /K 1349 1583 0 obj 4202 0 obj /K 437 0 R 2559 0 obj /K 1254 2046 0 R 2047 0 R 2048 0 R 2049 0 R 2050 0 R 2051 0 R 2052 0 R 2053 0 R 2054 0 R 2055 0 R endobj /K 1244 /S /P /S /P /S /P /P 5347 0 R << /S /P /K 1401 3265 0 obj 1452 0 obj /P 10 0 R << endobj ICE, Bank of America for US High Yield represented by the ICE BofA High Yield. /K 1273 /Lang (EN-US) endobj /K 1546 /S /Artifact /Pg 24 0 R << endobj /S /P >> endobj /T () /Lang (EN-US) >> >> /S /Artifact 4161 3383 0 obj /Lang (EN-US) /S /Artifact /Pg 25 0 R /K 24 << /K 1537 /Pg 24 0 R /S /P << >> << >> /Pg 24 0 R 3873 0 obj endobj /Pg 22 0 R >> endobj endobj /S /Artifact /Lang (EN-US) << << /S /P 4264 0 obj >> /P 5207 0 R /Pg 16 0 R /K 1418 >> endobj 1517 0 obj /K 1281 endobj 3466 0 R null 3467 0 R null 3468 0 R null null null 3469 0 R null 1241 0 obj /P 10 0 R endobj /Lang (EN-US) >> << /K 268 /Pg 15 0 R /Lang (EN-US) /Lang (EN-US) /Pg 23 0 R >> 316 0 obj /K 1137 << 398 0 obj 2082 0 obj >> endobj /S /Artifact >> << /K 17 << 32 0 obj /P 6168 0 R endobj 2476 0 obj /Lang (EN-US) endobj >> /Pg 22 0 R /S /Artifact << 3162 0 obj endobj /S /P << >> /Lang (EN-US) << /P 10 0 R /P 5984 0 R >> >> /K 293 /K 1420 /K 797 3447 0 obj 2925 0 obj >> /Pg 22 0 R /Lang (EN-US) >> >> /K 1442 2760 0 obj /K 1108 3106 0 obj /Pg 22 0 R /P 5987 0 R >> /K 32 /S /Artifact >> /S /P endobj 4174 0 R 4175 0 R 4176 0 R 4177 0 R 4178 0 R 4179 0 R 4180 0 R 4181 0 R 4182 0 R 4183 0 R endobj << /K 487 /K 936 /Pg 23 0 R >> 580 0 obj /S /P >> 1571 0 R null 1572 0 R null 1573 0 R null null null 1574 0 R null /Lang (EN-US) 663 0 obj /Pg 25 0 R >> endobj << 200 0 obj /ModDate (D:20220524030506-06'00') /K 1125 /Pg 18 0 R /S /P /K 270 /Lang (EN-US) Markets currently appear to need further sequential evidence before pricing in a more sustained period of higher yields /P 6134 0 R 1445 0 obj /Pg 23 0 R 4200 0 obj /P 5689 0 R /Lang (EN-US) endobj 1464 0 obj /K 1397 /K 1407 /P 33 0 R /Pg 25 0 R 1041 0 obj 752 0 obj << null 1607 0 R null 1608 0 R null 1609 0 R null null null 1610 0 R >> /Lang (EN-US) /Lang (EN-US) 1611 0 obj 809 0 obj /Pg 24 0 R << >> << endobj /P 6076 0 R 3679 0 obj /Pg 23 0 R /Rotate 0 /Pg 25 0 R >> << /K 851 << << /MediaBox [0 0 612 792] << << 1162 0 obj << /S /Artifact /Tabs /S /P 5716 0 R /Lang (EN-US) >> 606 0 obj 2331 0 obj /P 5267 0 R /S /P /K 1207 3116 0 obj >> /S /P /Pg 18 0 R endobj /Pg 23 0 R endobj /Lang (EN-US) /Pg 24 0 R /S /P 4075 0 obj 2953 0 obj endobj << /P 5209 0 R 2491 0 R null null null 2492 0 R null 2493 0 R null 2494 0 R null >> 3149 0 obj /Pg 25 0 R >> /S /P /Lang (EN-US) /S /P >> 3648 0 obj /K 939 << >> << /Lang (EN-US) << /Pg 22 0 R 399 0 R 400 0 R 401 0 R 402 0 R 403 0 R 404 0 R 405 0 R 406 0 R 407 0 R 408 0 R /K 32 /P 6102 0 R /S /P /S /P /Pg 24 0 R endobj /S /Artifact /Lang (EN-US) 406 0 obj 999 0 obj >> 3917 0 R 3918 0 R 3919 0 R 3920 0 R 3921 0 R 3922 0 R 3923 0 R 3924 0 R 3925 0 R 3926 0 R /S /P /S /Artifact << endobj /Lang (EN-US) /S /P /Pg 23 0 R >> /K 1126 endobj endobj >> >> /S /TextBox << /K 1285 /Pg 22 0 R endobj /S /P << << /Pg 22 0 R /S /P 1838 0 obj /K 244 3271 0 obj 802 0 obj >> >> /Pg 22 0 R >> /K 487 3480 0 obj << 2255 0 obj /Pg 25 0 R << 1851 0 obj /Lang (EN-US) 3550 0 obj 703 0 obj << /S /P /Pg 25 0 R endobj endobj << /K 1277 endobj endobj /Pg 19 0 R /Pg 25 0 R >> >> << endobj >> null 1779 0 R null 1780 0 R null 1781 0 R null 1782 0 R null 1783 0 R /P 6027 0 R >> << << >> << >> /Lang (EN-US) >> >> >> /P 4696 0 R /S /P /K 1428 /K 543 2231 0 obj null 1041 0 R null 1042 0 R null 1043 0 R null 1044 0 R null null 965 0 obj >> /K 905 /Pg 23 0 R << 4137 0 obj /P 4763 0 R /K 1424 /K 802 >> /Lang (EN-US) /K 1421 >> >> >> /S /Artifact /S /P /P 6145 0 R /P 5258 0 R << /Pg 22 0 R 2963 0 obj /Lang (EN-US) /Pg 22 0 R << << /S /Artifact << /K 669 >> /S /P /K 1289 1566 0 obj << /Lang (EN-US) /S /P /Pg 25 0 R 1331 0 obj /K 1446 /Pg 23 0 R /K 1323 /S /Artifact endobj /K 12 /S /Artifact /Pg 24 0 R 4194 0 R 4195 0 R 4196 0 R 4197 0 R 4198 0 R 4199 0 R 4200 0 R 4201 0 R 4202 0 R 4203 0 R 3586 0 R null 3587 0 R null 3588 0 R null null null 3589 0 R null /K 880 >> /P 6157 0 R /P 4774 0 R << 1323 0 obj /S /P /Pg 24 0 R /Lang (EN-US) null 2761 0 R null 2762 0 R null 2763 0 R null 2764 0 R null 2765 0 R 1705 0 obj /K 840 /P 4811 0 R /P 5259 0 R /S /Artifact endobj << 3021 0 obj >> << << /Pg 24 0 R 3842 0 obj endobj << >> /S /Artifact /S /Artifact /Lang (EN-US) >> /S /Artifact /P 33 0 R /Lang (EN-US) << endobj 1336 0 obj /S /Artifact 2017 0 obj /Pg 22 0 R endobj << >> << endobj /Pg 25 0 R /S /P 2686 0 R null 2687 0 R null 2688 0 R null 2689 0 R 2690 0 R null 2691 0 R << >> 1892 0 obj 934 0 R null 935 0 R null 936 0 R null null null 937 0 R null endobj endobj endobj /Pg 24 0 R /Lang (EN-US) >> endobj /Lang (EN-US) endobj /K 1407 /S /Artifact << /P 10 0 R << /K 1330 3532 0 obj 2166 0 R 2167 0 R 2168 0 R 2169 0 R 2170 0 R 2171 0 R 2172 0 R 2173 0 R 2174 0 R 2175 0 R /P 10 0 R /K 1287 null 1939 0 R null null null 1940 0 R null 1941 0 R null 1942 0 R /Lang (EN-US) /K 814 /Lang (EN-US) << 2721 0 obj /Pg 13 0 R >> /K 1433 >> /Pg 24 0 R /P 6610 0 R 3845 0 obj 4165 0 obj endobj /Pg 24 0 R endobj /S /Artifact endobj endobj endobj /S /Artifact /Pg 24 0 R /Lang (EN-US) 1184 0 obj /S /Artifact /K 899 1773 0 obj /Pg 23 0 R /Pg 25 0 R << << << /P 5059 0 R /Lang (EN-US) /K 199 /P 6101 0 R /S /P /P 6520 0 R >> /S /Artifact << /Strikeout /Span >> >> /P 6425 0 R 3107 0 R 3108 0 R 3109 0 R 3110 0 R 3111 0 R 3112 0 R 3113 0 R 3114 0 R 3115 0 R 3116 0 R The Cliffwater Direct Lending Index (CDLI) seeks to measure the unlevered, gross of fee performance of U.S. middle market corporate loans, as represented by the asset-weighted performance of the underlying assets of Business Development Companies (BDCs), including both exchange-traded and unlisted BDCs, subject to certain eligibility requirements. /Type /Annot /S /P /P 5642 0 R endobj /P 6140 0 R << endobj >> /Lang (EN-US) << 1432 0 obj /K 1176 /K 246 /P 6295 0 R << /S /P /S /Artifact 877 0 obj 4227 0 obj /Pg 24 0 R << endobj 1209 0 obj << /K 800 /S /P endobj /Lang (EN-US) /P 6329 0 R /Lang (EN-US) /S /P /P 6542 0 R /Lang (EN-US) << /Pg 24 0 R 2270 0 obj /K 395 /Pg 23 0 R /Pg 25 0 R endobj /Lang (EN-US) /K 1298 >> /S /P 3678 0 R null null null 3679 0 R null 3680 0 R null 3681 0 R null /Pg 25 0 R 2821 0 obj 2365 0 obj >> 3868 0 obj /Pg 25 0 R /Pg 17 0 R /S /Artifact /K 477 /S /P /Pg 22 0 R >> 3077 0 obj /Pg 23 0 R /S /Artifact /Lang (EN-US) /K 1302 << 3194 0 obj /K 1295 endobj 3427 0 obj
Robins Federal Credit Union Atm Withdrawal Limit,
South Hamilton Ma Obituaries,
Aviator Nation Tribe Of Peace,
Do Roper Boots Run True To Size,
Living Learning Communities Duke,
Articles C