In plain terms — Carlyle Credit Income Fund
Shares currently cost about 32.2% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 2.0% discount, so today's level is unusually wide for this fund (Z-score -4.1). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 33.5% a year of the share price (22.7% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.47 of assets — a ReinvestCapture™ rate of 49.4%, more than the payout rate itself. That is buying power, not a return.
The assets themselves fell 22.6% over the past year including distributions (NAV total return).
Annual costs are 16.12% of assets.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -8.74% | 11.97% | -1.77 | 53 |
| 6 months | -4.22% | 9.47% | -2.72 | 108 |
| 1 year | -2.02% | 6.80% | -4.11 | 232 |
| 3 years | -0.72% | — | — | — |
| 5 years | -0.43% | — | — | — |
Current contemporaneous premium/discount -29.97% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -29.97% to +3.07%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -17.86% | -27.37% | -55.86% | -60.72% | -36.43% | -27.94% |
| Market price total return | -15.88% | -22.31% | -46.42% | -49.24% | -22.63% | -13.48% |
| NAV return | -0.31% | +11.23% | -32.41% | -39.73% | -26.76% | -21.54% |
| NAV total return | +1.57% | +18.29% | -18.41% | -22.59% | -11.07% | -5.93% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Carlyle Credit Income Fund functions as a closed-end mutual fund with a primary emphasis on fixed-income investments, managed by Vertical Capital Asset Management, LLC. Behringer Advisors, LLC also provides co-management services. While predominantly investing in debt instruments, the fund diversifies its portfolio by holding stocks of companies across various sectors. Its investment returns are benchmarked against the Barclays Capital U.S. Mortgage Backed Securities Index. This fund, established in the United States on December 30, 2011, is based domestically.
CEF Explorer research page for Carlyle Credit Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.