NCDL (Nuveen Churchill Direct Lending) Moat Score: 4/10 (As of Jul. 15, 2026)

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NCDL Nuveen Churchill Direct Lending Corp NCDL
29 GF Score
Price $12.81
! 5 Warning Signs
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What is Nuveen Churchill Direct Lending Moat Score?

Nuveen Churchill Direct Lending NCDL +0.47% 29 Moat Score is 4 as of Jul. 15, 2026. GuruFocus rates NCDL with a GF Score™ of 29/100. The stock has 5 warning signs investors should review. Among 1,694 Asset Management companies, Nuveen Churchill Direct Lending ranks better than 95.51% on this metric.

Nuveen Churchill Direct Lending has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Nuveen Churchill Direct Lending has Narrow Moat: Nuveen Churchill benefits from a modest moat due to its specialized financial services and network effects in direct lending. However, the competitive landscape in financial services limits its pricing power and market share sustainability.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Nuveen Churchill Direct Lending might have Narrow Moat - Discernible but modest moat.

Nuveen Churchill Direct Lending  (NYSE:NCDL) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Nuveen Churchill Direct Lending Moat Score Related Terms

NCDL vs PDT, HKHC, VINP: Moat Score Comparison

For the Asset Management subindustry, Nuveen Churchill Direct Lending's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nuveen Churchill Direct Lending Moat Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Churchill Direct Lending's Moat Score distribution charts can be found below:

* The bar in red indicates where Nuveen Churchill Direct Lending's Moat Score falls into.


NCDL
29GF Score
Nuveen Churchill Direct Lending Corp NCDL
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Nuveen Churchill Direct Lending (NCDL) has a Moat Score of 4 as of Jul. 15, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Nuveen Churchill Direct Lending ranks #76 out of 1694 companies in the Asset Management industry, placing it in the top 4.5%.
Is Nuveen Churchill Direct Lending's Moat Score too high?
Nuveen Churchill Direct Lending's current Moat Score is 4. Based on the distribution chart, Nuveen Churchill Direct Lending ranks #76 out of 1694 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Nuveen Churchill Direct Lending has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Churchill Direct Lending's Moat Score compare to PDT and HKHC?
According to the Asset Management industry distribution chart, Nuveen Churchill Direct Lending ranks #76 out of 1694 companies for Moat Score. This places Nuveen Churchill Direct Lending in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Asset Management company?
A good Moat Score depends on the Asset Management industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Nuveen Churchill Direct Lending's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Churchill Direct Lending stock overvalued right now?
Nuveen Churchill Direct Lending (NCDL) has a current Moat Score of 4. The current Moat Score is 4. Nuveen Churchill Direct Lending's overall GF Score™ is 29/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Nuveen Churchill Direct Lending (NCDL), the current Moat Score is 4 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nuveen Churchill Direct Lending Business Description

Other Exchanges O7A:Germany
Address 375 Park Avenue, 9th Floor, New York, NY, USA, 10152
Nuveen Churchill Direct Lending Corp is a specialty finance company focused predominantly on investing in senior secured loans to private equity-owned U.S. middle market companies. It is a closed-end, externally managed, non-diversified management investment company. The company's investment objective is to generate attractive risk-adjusted returns through current income by investing in senior secured loans to private equity-owned U.S. middle market companies. It invests in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.
29GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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