Annualized Distribution Rate1
| Class A | Class T | Class D | Class I |
|---|---|---|---|
| 3.27% | 2.72% | 3.24% | 3.53% |
Performance Returns for Each Share Class2
As of Oct. 31, 2024 |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial Shareholder Purchase Date |
Net Asset Value (NAV)3 |
YTD Return (1/1/24-10/31/24) |
AVERAGE ANNUAL RETURNS (AAR)4 | Cumulative Total Returns Since Inception5 |
|||||||
| 1 Year (11/1/23-10/31/24) |
3 Year (11/1/21-10/31/24) |
5 Year (11/1/19-10/31/24) |
Since Inception5 |
||||||||
| Class A | |||||||||||
| (Without Sales Load) | 4/10/18 | $34.91 | 7.2% | 9.5% | 8.9% | 12.0% | 12.8% | 84.3% | |||
| (With Sales Load) | -1.9% | 0.2% | 5.3% | 9.3% | 10.5% | 68.6% | |||||
| Class T | |||||||||||
| (Without Sales Load) | 5/25/18 | $34.96 | 6.5% | 8.7% | 8.4% | 10.6% | 11.3% | 72.6% | |||
| (With Sales Load) | 1.4% | 3.5% | 6.4% | 9.2% | 10.0% | 64.4% | |||||
| Class D | |||||||||||
| (Without Sales Load) | 6/26/18 | $34.65 | 6.9% | 9.2% | 9.0% | 11.6% | 11.8% | 74.9% | |||
| Class I | |||||||||||
| (Without Sales Load) | 4/10/18 | $35.39 | 7.1% | 9.4% | 8.9% | 12.1% | 13.1% | 86.1% | |||
| 20186 | 2019 | 2020 | 2021 | 2022 | 2023 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Class A | |||||||||
| (Without Sales Load) | 13.2% | 6.7% | 11.9% | 11.5% | 9.7% | 7.5% | |||
| (With Sales Load) | 0.3% | -2.4% | 2.4% | 2.1% | 0.4% | -1.7% | |||
| Class T | |||||||||
| (Without Sales Load) | 13.2% | 5.7% | 10.1% | 10.6% | 9.3% | 6.8% | |||
| (With Sales Load) | 4.7% | 0.6% | 4.9% | 5.3% | 4.1% | 1.8% | |||
| Class D | |||||||||
| (Without Sales Load) | 12.0% | 5.9% | 10.7% | 11.6% | 9.7% | 7.4% | |||
| Class I | |||||||||
| (Without Sales Load) | 13.7% | 7.1% | 12.0% | 11.8% | 9.7% | 7.5% | |||
Not actual shareholder returns. NAV is an estimate of fair value calculated from CNL Strategic Capital’s financial statements prepared in accordance with GAAP, but is inherently subjective, and will likely differ from a shareholder’s return. Past performance is not indicative of future results.
Investors should not assume that performance over a short period will be consistent with the performance over longer periods. Data as of Oct. 31, 2024, unless otherwise stated.
1 The annualized distribution rate is calculated by annualizing the distributions paid and dividing by the current price per share. For the year-to-date period ended Oct. 31, 2024, total distributions declared were 57.8% from net investment income before expense support, 0.0% from expense support and 42.2% from offering proceeds. For the year ended Dec. 31, 2023, total distributions declared were paid from multiple sources and these sources included net investment income before expense support of 76.9%, reimbursable expense support of 0.0% and offering proceeds of 23.1%. Distributions paid are not solely based upon performance. Subject to certain conditions being met, CNL Strategic Capital is obligated to repay expense support to the managers over several years, which would reduce future income available for distributions. Distribution composition of coverage will vary among share classes and the actual fiscal year distribution composition will not be known until the audited Form 10-K is filed. For the year-to-date period ended Oct. 31, 2024, CNL Strategic Capital’s per share net investment income was $0.49 for Class A, $0.29 for Class T, $0.41 for Class D and $0.50 for Class I.
2 Total return calculations (with sales load) assume full upfront selling commissions and dealer manager fees (“sales load”). Total returns are calculated for each share class as the change in the NAV for such share class during the period, assumes all distributions are reinvested and assumes a redemption at the current NAV. Repurchase of shares is very limited and not guaranteed. For full details, please see CNL Strategic Capital’s prospectus which has been supplemented with the most current financial reports.
3 Effective as of Oct. 31, 2024. NAV does not represent the market-driven price an investor would receive now or in the future.
4 The AAR calculation for each time period is the cumulative total return for each applicable time period (3-year return, 5-year return or since inception) divided by the length of the applicable return period (three years, five years or since inception).
5 For the period from the date the first share was issued for each respective share class through Oct. 31, 2024.
6 The 2018 returns are calculated by annualizing the 2018 partial-year returns based on the initial shareholder purchase date for each share class.
