I recently wrote an article about Oxford Lane Capital (OXLC), one of only a couple of funds investing in collateralized loan obligations, some of the highest-yielding fixed-income securities available in the market today. In that article, I estimated potential long-term shareholder returns by calculating a metric called net effective yield, which has successfully forecasted returns in the past. I thought it would be interesting to repeat those calculations for all CLO funds, to see which one offers the strongest potential long-term shareholder returns.
OFS Credit Company (OCCI), a little-known industry fund,