Blackstone Long-Short Credit Income:BGX

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$14.47$15.54-6.89%
    52 Wk Avg$13.35$14.79-9.82%
    52 Wk High$14.57$15.54-5.89%
    52 Wk Low$11.56$13.61-14.27%
    Regular Distribution TypeIncome Only
    Distribution Rate6.72%
    Distribution Amount$0.0810
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment seeks to provide current income, with a secondary objective of capital appreciation. The fund employs a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans and high-yield corporate debt securities of varying maturities. It normally intends to maintain both long and short positions based primarily on the fundamental analysis and views of GSO/Blackstone Debt funds Management LLC on a particular investment. The fund is non-diversified.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$313.287M
    Total Common Assets:$197.479M
    Common Shares Outstanding:12,707,797
    Leverage

    As of 6/11/2021

    Preferred Share Assets: $19.908M
    Total Debt (USD): $95.900M
    Regulatory Leverage (USD): $115.808M
    Effective Leverage (USD): $115.808M
    Effective Leverage (%): 36.97%
    Annual Expense Ratios

    As of 12/31/2020

      Per Common Share
    Management Fees1.20%
    Other Expenses:0.94%
    Baseline Expense: N/A
    Interest Expense:0.95%
    Total: 3.08%
    Fund Management

    Fund Sponsor
    Blackstone Group Inc

    Portfolio Managers
    Robert Zable, Gordon McKemie

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: BGX
    NAV Ticker: XXBGX
    Average Daily Volume (shares): 63,166
    Average Daily Volume (USD): $0.836M
    Inception Date: 1/27/2011
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    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 12/31/2020
    $0.4748
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    6.25%
    Total Return on NAV (12 months):
    As of 6/11/2021
    25.69%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    36.97%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-8.31%
    1 Year-9.82%
    3 Year-6.46%
    5 Year-6.73%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month0.54
    6 Month1.11
    1 Year1.48
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD9.95%5.56%13.26%5.04%
    2020-5.40%3.48%0.14%1.12%
    201925.02%10.46%18.13%8.70%
    2018-4.14%0.59%-7.68%-1.95%
    20177.97%8.46%3.80%5.83%
    201630.10%20.32%24.86%18.27%
    2015-5.47%-7.20%-3.65%-4.65%
    2014-6.84%-0.63%-2.59%1.36%
    20132.48%8.09%3.18%9.08%
    201217.92%12.38%23.78%15.96%
    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 5/31/2021
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 4/30/2021
    357
    Annual Portfolio Turnover:
    As of 12/31/2020
    77.00%
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)97.10%
    Bank Loan81.04%
    Corporate Bond15.65%
    Securitized (Super Sector)3.43%
    Asset Backed3.43%
    Convertible0.41%
    Cash Equivalents-1.28%
    Cash Equivalents (Super Sector)-1.28%
    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Carestream Health, Inc., Second Lien 2023 Extended$3.40M1.08%
    Edelman Financial Engines Center Llc, First Lien Initial (2021)$2.94M0.93%
    Deerfield Dakota Holding Llc, First Lien Initial Dollar$2.70M0.86%
    Quest Software Us Holdings, Inc., Second Lien Initial$2.61M0.83%
    Syncsort, Inc., First Lien Facility B2$2.58M0.82%
    Weld North Education Llc, First Lien 2020$2.46M0.78%
    Tierpoint Llc, First Lien Initial (2021)$2.35M0.74%
    Tiaa Clo III Ltd$2.33M0.74%
    Gigamon, Inc., First Lien Initial$2.21M0.70%
    Veritas US Inc / Veritas Bermuda Ltd 7.5%$2.20M0.70%
    Maturity Breakdown

    As of 4/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income91.62%
    Others - Fixed Income3.30%
    Ireland - Fixed Income1.35%
    Canada - Fixed Income1.28%
    United Kingdom - Fixed Income1.25%
    France - Fixed Income0.77%
    Netherlands - Fixed Income0.40%
    United States - Equity0.26%
    Germany - Fixed Income0.15%
    Norway - Equity0.01%

    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-1456789PR-Y1220W