CEF Advisors AICA Event NAVigator Podcast

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Runway Growth Finance Corp (RWAY)

BDC - Debt Focused BDC

Data as of Aug. 10, 2022
Market Price $13.54 (- $0.03)
NAV (June 30, 2022) $14.14 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -4.24% (-0.21%)
Fund Info
Inception Oct. 21, 2021
Sponsor Runway Growth Capital
Website https://investors.runw...
Location Illinois
Incorporated Maryland
Staggered Board Yes
Objective: Invest in senior secured term loans and other senior debt obligations
Related Indexes
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 40,759,727
Total Assets (Reported: June 30, 2022) $818M
Estimated Total Assets $806M
Net Assets $576M
Market Cap $552M
Portfolio Turnover 25.84%
Debt-to-Equity 0.4021
Total Leverage 28.47%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 7.19%
Non Lev Exp Ratio 5.62%
Gross Asset Expense Ratio 5.22%
Gross Asset Non Lev Exp Ratio 4.08%
Rel Lev Cost 4.01%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -24.01%
Discount High(3 Yr) 0.82%
Discount Rel Range 79.61%
Comp Discount 0.53
Discount St Dev (1Yr)
Z-Stat (6mo) 0.74
Z-Stat (1Yr)
Z-Stat (3Yr)
Comp Z-Stat (6mo) 0.64
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 9.75%
Income Yield 9.75%
Lev Adj NAV Yield 7.27%
Av Yield on Debt Investments 15.11
Distribution Frequency Q
Current Distribution $0.330
Current Income $0.330
Ex-Date 8/8/22
Payable Date 8/23/22
Div Growth (3yr) %
Dividend Change 10.0% on 7/28/22
Expected Div 10/28/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $1,049
Avg Volume 30 day 47,580
Avg Volume 90 day 77,501
Volume Trend -38.61%
Comp Volume Trend -15.79%
Correlation & Volatility
Price St Dev (1Yr) %
NAV St Dev (1Yr) %
Earnings / Share (6/30/22) $0.353
Adj Core NII Coverage 107.10%
1 Yr Avg NII Coverage 107.44%
1 Yr Avg Adj Core NII Coverage 107.44%
NII Trend 13.84%
Adj Core NII Trend 13.84%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 0.98%
% Loans with Libor Floor 98%


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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