Non-Traded BDC Index - Q3 2024
- jackkearney54
- Jan 6
- 1 min read
Q3 Performance Summary
Non-Traded BDCs: +2.7%
The SKRADD-BDC Index gained 2.7% in Q3, with all constituents reporting positive returns.
Publicly Traded BDCs: -0.6%
After seven consecutive quarters of positive returns, publicly traded BDCs experienced a slight decline, falling 0.6% in Q3.
Investment-Grade Bonds: +4.8%
Bonds delivered a robust 4.8% return in Q3. The quarter saw rate cuts and optimistic expectations for further easing, driving gains in fixed income markets.
Leveraged Loans: +1.9%
Leveraged loans remained in positive territory with a 1.9% return in Q3. However, returns were milder compared to other fixed income markets, as rate cuts reduced the relative income advantage of floating-rate instruments.
Altidar High Return - NexPoint Capital: +7.4%
Altidar Low Return - Hancock Park Corporate Income: -3.0%
Download Report
For an in-depth analysis, download the complete index update below. The report includes historical performance data, credit benchmarks, and recent performance data for the non-traded BDCs featured on the Altidar platform.