Non-Traded BDC Index - Q2 2025

Index Overview

The SK Research and Due Diligence, LLC Non-Traded BDC (SKRADD-BDC) Index tracks the performance of the twenty largest non-traded BDCs, based on net assets and subject to eligibility requirements. The index constituents are weighed by fund net assets as measured during the fourth calendar quarter of the prior year. For more information, view the methodology documentation here.

Index Performance

The Morningstar LSTA US Leveraged Loan 100 Index (LSTA 100) is a market value-weighted index designed to measure the performance of the one hundred largest facilities in the US leveraged loan market. The S&P BDC Index (SPBDC) measures the performance of leading publicly-traded BDCs. The S&P U.S. Aggregate Bond Index (SPUSAGG) is designed to provide broad U.S. coverage of the investment-grade U.S. fixed income market by drawing its constituents from seven major fixed income asset classes.

Historical Returns

Constituent Returns

Three-month total return for SKRADD-BDC constituents as of quarter end.

Non-Traded BDCs on ALTIDAR

Total returns for non-traded BDCs with research coverage on ALTIDAR.

The table above lists the returns for non-traded BDCs with research coverage on ALTIDAR. While some of these programs may be index constituents for certain periods, inclusion in this table does not necessarily indicate index membership.

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