# Cliffwater Corporate Lending Fund (CCLFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cclfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Cliffwater · Asset class: Equity - Strategy: Thematic · Inception: 2019-06-05 Operating as a closed-end investment vehicle, the Cliffwater Corporate Lending Fund aims to generate interest income for its investors by investing in a portfolio of loans made to U.S. middle-market businesses. It offers all investors the chance to access a private debt portfolio, distinguished by institutional-grade diversification, competitive pricing, and high quality within the corporate lending sphere. Established on March 21, 2018, its operations are based in Milwaukee, Wisconsin. ## Key Facts | Metric | Value | |---|---| | Price | $10.18 | | Expense Ratio | — | | Assets Under Management | $30.25B | | NAV | $10.18 | | Holdings Count | — | | Distribution Yield (TTM) | 9.71% | | Annual Distribution (TTM) | $0.99 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $10.18 – $10.71 | | Beta | 0.01 | ## Latest Distribution - Amount: $0.2203 /share - Ex-date: 2026-10-06 - Pay date: 2026-10-06 ## Frequently Asked Questions ### What does CCLFX invest in? Operating as a closed-end investment vehicle, the Cliffwater Corporate Lending Fund aims to generate interest income for its investors by investing in a portfolio of loans made to U.S. middle-market businesses. It offers all investors the chance to access a private debt portfolio, distinguished by institutional-grade diversification, competitive pricing, and high quality within the corporate lending sphere. Established on March 21, 2018, its operations are based in Milwaukee, Wisconsin. ### What is the expense ratio of CCLFX? An expense ratio for Cliffwater Corporate Lending Fund (CCLFX) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### How big is CCLFX? Cliffwater Corporate Lending Fund (CCLFX) manages $30.25B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is CCLFX actively managed or an index fund? CCLFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was CCLFX launched? Cliffwater Corporate Lending Fund (CCLFX) launched in June 2019 and is managed by Cliffwater. ### How has CCLFX performed? CCLFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does CCLFX pay a dividend? Cliffwater Corporate Lending Fund (CCLFX) currently distributes little or no income. Trailing-twelve-month yield is 9.71%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CCLFX pay dividends? Cliffwater Corporate Lending Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CCLFX's dividend yield? CCLFX's trailing-twelve-month yield is 9.71%, calculated from the sum of dividends over the past year divided by the current price. ### When is CCLFX's next ex-dividend date? The most recently announced ex-dividend date for CCLFX was 2026-10-06. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### Why is CCLFX's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check monthly) report an expense ratio for Cliffwater Corporate Lending Fund (CCLFX). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does CCLFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from CCLFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cclfx - Distribution history: https://www.dividenddata.com/funds/cclfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cclfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cclfx/expenses - Peer comparison: https://www.dividenddata.com/funds/cclfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.