C

Cliffwater Portfolio holdings

AUM $486M
This Quarter Return
+4.55%
1 Year Return
+6.76%
3 Year Return
+29.72%
5 Year Return
+51.13%
10 Year Return
–
AUM
$432M
AUM Growth
+$432M
Cap. Flow
-$51.8M
Cap. Flow %
-11.99%
Top 10 Hldgs %
95.85%
Holding
26
New
–
Increased
1
Reduced
11
Closed
3

Top Buys

1
BBDC icon
Barings BDC
BBDC
$30.5K

Top Sells

1
ARCC icon
Ares Capital
ARCC
$9.81M
2
VTI icon
Vanguard Total Stock Market ETF
VTI
$8.31M
3
TSLX icon
Sixth Street Specialty
TSLX
$7.54M
4
NMFC icon
New Mountain Finance
NMFC
$5.06M
5
OBDC icon
Blue Owl Capital
OBDC
$4.9M

Sector Composition

1 Financials 11.83%
2 Real Estate 6.63%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
VTI icon
1
Vanguard Total Stock Market ETF
VTI
$526B
$99.7M 23.05%
351,962
-29,344
-8% -$8.31M
ACWX icon
2
iShares MSCI ACWI ex US ETF
ACWX
$6.63B
$80.4M 18.6%
1,405,445
– –
VTHR icon
3
Vanguard Russell 3000 ETF
VTHR
$3.53B
$50.9M 11.77%
200,672
-650
-0.3% -$165K
VGIT icon
4
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$46.4M 10.73%
767,859
– –
MSDL icon
5
Morgan Stanley Direct Lending Fund
MSDL
$1.57B
$42M 9.72%
2,124,028
-58,562
-3% -$1.16M
VEA icon
6
Vanguard FTSE Developed Markets ETF
VEA
$171B
$40.9M 9.47%
775,030
-7,545
-1% -$398K
FBRT
7
Franklin BSP Realty Trust
FBRT
$950M
$28.7M 6.63%
2,196,171
– –
VWO icon
8
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
$10.1M 2.33%
210,943
-639
-0.3% -$30.6K
VCSH icon
9
Vanguard Short-Term Corporate Bond ETF
VCSH
$35.4B
$8.02M 1.85%
100,955
– –
CVBF icon
10
CVB Financial
CVBF
$2.77B
$7.35M 1.7%
412,247
– –
SPY icon
11
SPDR S&P 500 ETF Trust
SPY
$658B
$7M 1.62%
12,204
– –
VNQ icon
12
Vanguard Real Estate ETF
VNQ
$34.6B
$6.81M 1.58%
69,923
– –
EEM icon
13
iShares MSCI Emerging Markets ETF
EEM
$19B
$1.85M 0.43%
40,400
– –
BBDC icon
14
Barings BDC
BBDC
$1.04B
$1.17M 0.27%
119,607
+3,117
+3% +$30.5K
IWM icon
15
iShares Russell 2000 ETF
IWM
$67B
$268K 0.06%
1,213
– –
TSLX icon
16
Sixth Street Specialty
TSLX
$2.3B
$175K 0.04%
8,501
-367,041
-98% -$7.54M
NMFC icon
17
New Mountain Finance
NMFC
$1.13B
$144K 0.03%
12,057
-422,723
-97% -$5.06M
BKLN icon
18
Invesco Senior Loan ETF
BKLN
$6.97B
$124K 0.03%
5,902
– –
BXSL icon
19
Blackstone Secured Lending
BXSL
$6.88B
$121K 0.03%
4,135
-152,755
-97% -$4.47M
OBDC icon
20
Blue Owl Capital
OBDC
$7.33B
$121K 0.03%
8,298
-336,015
-98% -$4.9M
IEFA icon
21
iShares Core MSCI EAFE ETF
IEFA
$150B
$80.9K 0.02%
1,036
– –
OCSL icon
22
Oaktree Specialty Lending
OCSL
$1.23B
$67.8K 0.02%
4,154
-137,248
-97% -$2.24M
SCM icon
23
Stellus Capital Investment Corp
SCM
$413M
$13.3K ﹤0.01%
981
-101,908
-99% -$1.38M
GBDC icon
24
Golub Capital BDC
GBDC
$3.97B
– –
-158,036
Closed -$2.48M
TCPC icon
25
BlackRock TCP Capital
TCPC
$613M
– –
-364,185
Closed -$3.93M
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