I was glad to see that predicted ECC NAV of $4.16 was so accurate. Having insights into CLO equity pricing between NAV announcements will help investors understand the risks involved with investing in CLO equity funds. It is helpful that XFLT posts a daily NAV but there are limitations to using its NAV as guide because around 50% of its assets are in liquid loans that mask the changes to market movements in its CLO equity portfolio. OXLC should announce its March NAV soon

CLO equity funds were one of the most hated investments in 2025 and into 2026 — even more than private credit. While almost every asset class enjoyed tremendous returns in 2025, CLO equity funds (CCIF, ECC, PDCC, OCCI, OXLC, SPMC and XFLT) were down between 15% (XFLT) and 57% (ECC), while the S&P 500, NASDAQ, and Russell 2000 were up 18%, 20%, and 13%, respectively. And 2026 isn't getting any better — stocks are down an additional 10% (ECC) to 29% (XFLT). I am going to focus