Blackstone Strategic Credit:BGB

    Manage Alerts

    Overview

    As of 7/3/2022. NAV as of 7/1/2022.

     Share
    Price
    NAVPremium/
    Discount
    Current$11.30$12.49-9.53%
    52 Wk Avg$13.38$14.36-6.89%
    52 Wk High$14.14$14.76-3.97%
    52 Wk Low$10.88$12.49-12.74%
    Regular Distribution TypeIncome Only
    Distribution Rate7.12%
    Distribution Amount$0.0670
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The fund primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. Under normal market conditions, at least 80% of BSL’s Managed Assets (defined below) will be invested in senior secured, floating rate loans (“Senior Loans”).

    Capital Structure

    As of 7/3/2022

    Total Investment Exposure:$926.532M
    Total Common Assets:$557.858M
    Common Shares Outstanding:44,664,382
    Leverage

    As of 7/1/2022

    Preferred Share Assets: $44.873M
    Total Debt (USD): $323.800M
    Regulatory Leverage (USD): $368.673M
    Effective Leverage (USD): $368.673M
    Effective Leverage (%): 39.79%
    Annual Expense Ratios

    As of 12/31/2021

      Per Common Share
    Management Fees1.57%
    Other Expenses:0.60%
    Baseline Expense: N/A
    Interest Expense:0.60%
    Total: 2.78%
    Fund Management

    Fund Sponsor
    Blackstone Inc

    Portfolio Managers
    Daniel T. McMullen, Robert Zable, Gordon McKemie, Robert Post

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: BGB
    NAV Ticker: XBGBX
    Average Daily Volume (shares): 148,970
    Average Daily Volume (USD): $1.976M
    Inception Date: 9/26/2012
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: Yes
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 7/3/2022

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2021
    $0.4351
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    6.44%
    Total Return on NAV (12 months):
    As of 7/3/2022
    -9.76%
    Avg. Portfolio Coupon:
    As of 7/3/2022
    5.28%
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022
    39.79%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/4/2022

    PeriodAvg Discount
    6 Month-8.34%
    1 Year-6.89%
    3 Year-8.50%
    5 Year-8.06%
    Z-Score

    As of 7/4/2022

    PeriodZStat
    3 Month0.87
    6 Month-0.22
    1 Year-0.96
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-14.95%-11.32%-15.03%-8.68%
    202115.40%8.18%20.67%7.70%
    2020-4.61%1.04%0.14%1.12%
    201917.08%8.58%18.13%8.70%
    2018-5.24%-0.80%-7.68%-1.95%
    201710.84%8.43%3.80%5.83%
    201625.97%20.05%24.86%18.27%
    2015-11.21%-8.53%-3.65%-4.65%
    2014-0.29%0.63%-2.59%1.36%
    20133.47%7.17%3.18%9.08%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2022
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/1/2022
    5.28%
    Number of Holdings:
    As of 4/30/2022
    492
    Annual Portfolio Turnover:
    As of 12/31/2021
    101.00%
    Asset Allocation

    As of 4/30/2022

    Top Sectors

    As of 4/30/2022

    Sector%Portfolio
    Corporate (Super Sector)99.52%
    Bank Loan80.10%
    Corporate Bond19.09%
    Convertible0.33%
    Government (Super Sector)0.15%
    Government Related0.15%
    Cash Equivalents-0.56%
    Cash Equivalents (Super Sector)-0.56%
    Top Holdings

    As of 4/30/2022

    HoldingValue% Portfolio
    Carestream Health, Inc., Second Lien 2023 Extended$11.52M1.18%
    Park River Holdings, Inc., First Lien Initial$9.06M0.93%
    Amc Entertainment Holdings, Inc., First Lien B-1$8.73M0.89%
    Vision Solutions, Inc., First Lien$8.61M0.88%
    Eci Macola/Max Holding Llc, First Lien Initial$7.98M0.82%
    Weld North Education Llc, First Lien$7.96M0.81%
    Proampac Pg Borrower Llc, First Lien 2020-1$7.57M0.77%
    Peraton Corp., First Lien B$7.31M0.75%
    Edelman Financial Engines Center Llc, First Lien Initial (2021)$7.10M0.73%
    Triton Water Holdings, Inc., First Lien Initial$6.91M0.71%
    Credit Quality

    As of 4/30/2022

    Maturity Breakdown

    As of 4/30/2022

    Country Allocation

    As of 4/30/2022

    Country% Portfolio
    United States - Fixed Income92.95%
    Canada - Fixed Income2.45%
    Others - Fixed Income1.25%
    United Kingdom - Fixed Income0.96%
    Canada - Equity0.58%
    Sweden - Fixed Income0.55%
    Ireland - Fixed Income0.51%
    Netherlands - Fixed Income0.34%
    Australia - Fixed Income0.14%
    Italy - Fixed Income0.13%
    France - Equity0.10%
    Switzerland - Fixed Income0.03%
    United States - Equity0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X