Q1 Performance Summary
Non-Traded BDCs: +3.2%
The SKRADD-BDC Index gained 3.2% in Q1, with all constituents posting a return of 2% or greater.
Publicly-Traded BDCs: +6.0%
After a strong 2023, public BDCs continued to rally, with the S&P BDC Index rising 6% in the first quarter.
Leveraged Loans: +1.9%
The U.S. leveraged loan market returned 1.9% during the quarter, driven primarily by ongoing elevated interest rates.
Investment-Grade Bonds: -0.6%
Bonds fell 0.6% during Q1 as strong economic data and stubborn inflation reduced expectations for Fed rate cuts.
Altidar High Return - HPS Corporate Lending Fund: +3.8%
Altidar Low Return - Steele Creek Capital Corporation: +0.4%
Download Q1 Report
For a more in-depth analysis, download the complete index update below. This report offers a historical perspective on the index returns, credit benchmark comparisons, and recent performance data for the non-traded BDCs featured on the Altidar platform.
Comments