Median MVOC Metrics Across the US and EU CLO Capital Structure
Please see the tables below for the latest median MVOC metrics across the US and EU CLO capital structure.
Please see the tables below for the latest median MVOC metrics across the US and EU CLO capital structure.
A sample of 554 EU CLO deals (vintage 2013–1H 2025) is included in this study. Deals with a collateral pool factor below 60% are excluded. The MVOC at the BB level is used for the assessment of managers' capital preservation performance because it is less affected by deleveraging than the corresponding MVOC percentiles at the AAA, AA, or single-A levels, making it a more meaningful measure.
A sample of 1,640 US BSL CLO deals (vintage 2013–1H 2025) is included in this study. Deals with a collateral pool factor below 55% are excluded. The MVOC percentile at the BB level is used because it is less affected by deleveraging than the corresponding MVOC percentiles at the AAA, AA, or single-A levels, making it a more meaningful measure of principal preservation.
Below are tables presenting the MVOC (AAA–B) and equity NAV of US BSL and EU CLO deals by vintage, based on asset prices as of 17 July 2026.
Below are tables presenting the MVOC (AAA–B) and equity NAV of US BSL and EU CLO deals by vintage, based on asset prices as of 13 July 2026.
A sample of 560 EU CLO deals (vintage 2013–1H 2025) is included in this study. Deals with a collateral pool factor below 60% are excluded.
