Cliffwater Corporate Lending Fund

Asset mix

LON: 71.0% · DIR: 15.8% · EC: 15.6% · STIV: 1.7% · ABS-MBS: 1.5%

Financial position

Total assets: $51.1B
Total liabilities: $20.8B
Net assets: $30.4B
Assets attributable to miscellaneous securities: $0
Assets invested in controlled foreign corporations: $0
Borrowings payable within one year: $0
Payable to controlled companies within one year: $0
Payable to other affiliates within one year: $0
Other liabilities payable within one year: $0
Borrowings payable after one year: $8.81B
Payable to controlled companies after one year: $0
Payable to other affiliates after one year: $0
Other liabilities payable after one year: $0
Payables for delayed-delivery investments: $0
Payables for standby commitments: $0
Liquidation preference of outstanding preferred stock: $0
Cash not reported in Parts C or D: $639M

Monthly flows and gains

	Month 1	Month 2	Month 3
Sales	$413M	$195M	$216M
Reinvestment	$28.7M	$0	$0
Redemptions	$0	$50	$1.58B
Net realized gain (non-derivative)	$14.3M	$-14.1M	$-17.6M
Net unrealized appreciation (non-derivative)	$104M	$-36.9M	$-94.5M

The three months of the reporting period, as filed; month 3 ends June 30, 2026.

Credit spread risk (change in value per 1bp spread move)

Tenor	Investment grade	Non-investment grade
3 months	$0	$27.6K
1 year	$0	$718K
5 years	$0	$2.16M
10 years	$0	$380K
30 years	$0	$16.1K

Filing details

Registrant: Cliffwater Corporate Lending Fund
Registrant CIK: 1735964
Registrant LEI: 549300H513RTF4I5T758
Series: Cliffwater Corporate Lending Fund
Series LEI: 549300H513RTF4I5T758
SEC file number: 811-23333
Address: 235 WEST GALENA STREET, MILWAUKEE, US-WI, 53212, US
Phone: 41429920000
Form: NPORT-P
Filed: August 28, 2026
Report period ends: March 31, 2027
Report month ends: June 30, 2026
Accession number: 000173596426000022

Holding	Value	% of net assets
Silver Point Loan Note Issuer LLC / ABS-MBS	$1.04B	3.44%
Private Credit Fund C-1 Hldco LLC Ser 1 / EC	$867M	2.85%
Barings Private Credit Corporation / EC	$842M	2.77%
State Street Institutional Us STIV	$683M	2.25%
Cclf3/28/27 Irs Swap Fixed 4.10% / DIR	$644M	2.12%
Blackrock Shasta Clo Vii LLC / ABS-MBS	$598M	1.97%
Gpg Loan Funding, Ll Subordinate Note / ABS-MBS	$580M	1.91%
South Cove Funding Sub Notes / ABS-MBS	$499M	1.64%
Raven Senior Loan Fund LLC Clo / ABS-MBS	$490M	1.61%
Cclf8/15/29 Irs Swap Fixed 6.32% / DIR	$488M	1.60%
Blackrock Mt. Lassen Senior Loan Xii / EC	$479M	1.58%
Cclf8/15/31 Irs Swap Fixed 6.40% / DIR	$329M	1.08%
Crestline Structured Note Issuer I / ABS-MBS	$320M	1.05%
Cclf8/04/28 Irs Swap Fixed 6.77% / DIR	$303M	1.00%
Kkr Institutional Middle Market Fund / EC	$284M	0.94%
Kclf Note Issuer 1 Subordinated Notes / ABS-MBS	$272M	0.90%
Mufg Irs Swap 8/15/27 Fixed 6.2% / DIR	$269M	0.88%
Nxt Structured Notes Clo Nxt Issuer I / ABS-MBS	$265M	0.87%
Clfk, LLC Series 2025-1 / ABS-MBS	$264M	0.87%
Manor Park Holdco LLC / ABS-MBS	$257M	0.85%
Cclf3/28/27 Irs Swap Fixed 4.10% / DIR	$249M	0.82%
Varagon Structured Notes Issuer I LLC / ABS-MBS	$244M	0.80%
Charisma Fund I LP / LON	$230M	0.76%
Mufg Irs Swap 01/20/34 Fixed 7.4% / DIR	$226M	0.74%
Mufg Irs Swap 01/20/29 Fixed 7.06% / DIR	$225M	0.74%
Cclf7/02/32 Irs Swap Fixed 5.80% / DIR	$224M	0.74%
Mufg Irs Swap 12/22/30 Fixed 5.37% / DIR	$211M	0.70%
Golub Capital Bdc 4 Inc / EC	$203M	0.67%
Cclf1/15/37 Irs Swap Fixed 6.18% / DIR	$195M	0.64%
Oak Park Funding LLC / ABS-MBS	$194M	0.64%
Golub Capital Private Credit Fund / EC	$194M	0.64%
Cclf8/15/36 Irs Swap Fixed 6.51% / DIR	$193M	0.64%
Asp Clo Holdco LLC Series 1 / EC	$190M	0.63%
Madison Avenue Clo I Holdco LLC / ABS-MBS	$190M	0.62%
Hps Slf V Feeder LP Notes / ABS-MBS	$184M	0.61%
Pier 44 Funding LP Fka Abpci Pacific LP / ABS-MBS	$177M	0.58%
Asp Summa LLC Class B Notes / ABS-MBS	$175M	0.58%
Cclf7/02/30 Irs Swap Fixed 5.58% / DIR	$174M	0.57%
Cclf3/14/32 Irs Swap Fixed 6.01% / DIR	$173M	0.57%
Ridge Point LLC Sub Notes / ABS-MBS	$163M	0.54%
Cclf3/14/30 Irs Swap Fixed 5.85% / DIR	$160M	0.53%
Mufg Irs Swap 01/20/31 Fixed 7.23% / DIR	$156M	0.51%
Mufg Irs Swap 07/19/29 Fixed 5.72% / DIR	$156M	0.51%
Cclf4/12/29 Irs Swap Fixed 6.69% / DIR	$151M	0.50%
Blackstone Technolog Sernior Direct Lend / EC	$150M	0.50%
Cclf4/12/29 Irs Swap Fixed 6.69% / DIR	$150M	0.49%
Cclf7/02/28 Irs Swap Regions Fixed 5.42% / DIR	$149M	0.49%
Euro Forward Contract 07/31/2026 / DFE	$145M	0.48%
Cclf12/6/29 Irs Swap Fixed 7.17% / DIR	$141M	0.46%
Cclf12/22/35 Irsswap Fixed 5.87% / DIR	$137M	0.45%
Mufg Irs Swap 07/19/26 Fixed 5.50% / DIR	$130M	0.43%
Mufg Irs Swap 07/19/27 Fixed 5.61% / DIR	$129M	0.42%
Cclf1/15/28 Irs Swap Fixed 5.76% / DIR	$129M	0.42%
Deerfield Dakota Hol / LON	$128M	0.42%
Antares Senior Loan Parallel Feeder Iii / EC	$128M	0.42%
Tcw Marina Sl LLC / ABS-MBS	$125M	0.41%
Ci Intermediate Ii, Cliffwater Allocatio / LON	$122M	0.40%
Apryse Software Corp Tl / LON	$121M	0.40%
Aurelia Netherlands / LON	$120M	0.39%
Enverus, Inc. Edition Holdings / LON	$116M	0.38%

Showing top 60 of 6859 holdings.