BlackRock Enhanced Large Cap Core Fund (CII) vs Morgan Stanley Direct Lending Fund (MSDL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Morgan Stanley Direct Lending Fund is the larger company by market cap ($1.14 billion vs $1.05 billion), about 1.1 times the size. On valuation, BlackRock Enhanced Large Cap Core Fund trades at a lower trailing P/E (4.1x vs 19.7x for Morgan Stanley Direct Lending Fund). Morgan Stanley Direct Lending Fund offers the higher dividend yield (14.00% vs 9.60%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CII | MSDL |
|---|---|---|
| Share price | $24.03 | $13.57 |
| Market cap | $1.05B | $1.14B |
| 1-day change | -0.46% | +1.80% |
| YTD return | +3.29% | — |
| 1-year return | +3.38% | — |
| 5-year return | +15.01% | — |
| P/E ratio (TTM) | 4.09 | 19.67 |
| Forward P/E | — | 7.53 |
| EPS (TTM) | $5.88 | $0.69 |
| Dividend yield | 9.60% | 14.00% |
| Annual dividend | $2.31 | $1.90 |
| 52-week high | $26.17 | $17.91 |
| 52-week low | $20.43 | $13.23 |
| Distance from 52-week high | -8.18% | -24.23% |
| Analyst consensus | hold | none |
| Avg. price target upside | — | +15.03% |
| Average volume | 78.96K | 455.05K |
| Shares outstanding | 43.70M | 84.11M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Morgan Stanley Direct Lending Fund trades at a higher earnings multiple (19.7x vs 4.1x trailing P/E).
- Morgan Stanley Direct Lending Fund offers a meaningfully higher dividend yield (14.00% vs 9.60%).
About BlackRock Enhanced Large Cap Core Fund
CII stock →BlackRock Enhanced Capital and Income Fund, Inc. is a closed ended equity mutual fund launched by BlackRock, Inc.
Financial Services · Asset Management
About Morgan Stanley Direct Lending Fund
MSDL stock →Morgan Stanley Direct Lending Fund is a business development company. It is a Private Debt fund.
Financial Services · Asset Management
CII vs MSDL FAQ
Which is bigger, BlackRock Enhanced Large Cap Core Fund or Morgan Stanley Direct Lending Fund?
Morgan Stanley Direct Lending Fund (MSDL) is larger, with a market capitalization of $1.14B compared with $1.05B for BlackRock Enhanced Large Cap Core Fund (CII).
Which has the lower P/E ratio, CII or MSDL?
CII has the lower trailing P/E at 4.1, versus 19.7 for MSDL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, BlackRock Enhanced Large Cap Core Fund or Morgan Stanley Direct Lending Fund?
Morgan Stanley Direct Lending Fund has the higher yield at 14.00%, compared with 9.60% for BlackRock Enhanced Large Cap Core Fund.
Are BlackRock Enhanced Large Cap Core Fund and Morgan Stanley Direct Lending Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.