Oxford Lane Capital Corp:OXLC

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    Overview

    As of 7/10/2020. NAV as of 9/30/2019.

     Share
    Price
    NAVPremium/
    Discount
    Current$4.14$6.63-32.00%
    52 Wk Avg$7.54$6.7110.88%
    52 Wk High$10.85$8.0148.73%
    52 Wk Low$1.86$6.00-62.37%
    Regular Distribution TypeIncome Only
    Distribution Rate19.57%
    Distribution Amount$0.0675
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to maximize its portfolios total return. The Fund seeks to achieves it investment objective by investing primarily in senior, secured loans made to companeis whose debt is unrated or rated below investment grade (Senior Loans), with an emphasis on current income. The Fund intends to initially implement its investment objective by purchasing in the secondary market the equity and junior debt tranches of collateralized loan obligation (CLO) vehicles. Structurally, CLO vehicles are entities that were formed to originate and manage a portfolio of loans. The loans within the CLO vehicle are limited to loans which meet established credit criteria and are subject to concentration limitations in order to limit a CLO vehicles exposure to a single credit. A CLO vehicle is formed by raising various classes or tranches of debt (with the most senior tranches being rated AAA to the most junior tranches typically being rated BB) and equity. The CLO vehicles which the company intends to focus on will be collateralized primarily by Senior Loans, and will generally have very little or no exposure to real estate, mortgage loans or to pools of consumer-based debt, such as credit card receivables or auto loans. It may also invest, on an opportunistic basis, in other corporate credits of a variety of types. It also expects that each of its investments will range in size from USD1 million to USD8 million, although the investment size may vary consistent with the size of its overall portfolio.

    Capital Structure

    As of 7/10/2020

    Total Investment Exposure:$665.265M
    Total Common Assets:$451.099M
    Common Shares Outstanding:75,183,153
    Leverage

    As of 3/31/2018

    Preferred Share Assets: $214.166M
    Total Debt (USD):
    Regulatory Leverage (USD): $214.166M
    Effective Leverage (USD): $214.166M
    Effective Leverage (%): 32.19%
    Annual Expense Ratios

    As of 3/31/2020

      Per Common Share
    Management Fees3.98%
    Other Expenses:6.74%
    Baseline Expense: N/A
    Interest Expense:4.92%
    Total: 15.65%
    Fund Management

    Fund Sponsor
    Oxford Lane Capital Corp

    Portfolio Managers
    Jonathan Cohen, Saul B. Rosenthal, Darryl M. Monasebian, Hari Srinivasan

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: OXLC
    NAV Ticker: OXLCX
    Average Daily Volume (shares): 1,210,892
    Average Daily Volume (USD): $7.731M
    Inception Date: 1/20/2011
    Inception Share Price: $20.00
    Inception NAV: $18.60
    Tender Offer: No
    Term: No
    Fiscal Year End: March 31
    Third Party Links & Reports

    Distributions

    As of 7/10/2020

    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 3/31/2020
    $0.5368
    Annualized Distribution Rate on NAV:
    As of 7/10/2020
    13.50%
    Total Return on NAV (12 months):
    As of 7/10/2020
    -4.63%
    Avg. Portfolio Coupon:
    As of 7/10/2020
    13.75%
    Total % Portfolio Effectively Leveraged:
    As of 7/10/2020
    32.19%

    Pricing Information

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

    As of 7/10/2020

    PeriodAvg Discount
    6 Month-11.66%
    1 Year10.88%
    3 Year11.34%
    5 Year9.46%
    Z-Score

    As of 7/10/2020

    PeriodZStat
    3 Month0.22
    6 Month-0.61
    1 Year-1.30
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2020
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-40.61%0.00%-17.14%-8.98%
    2019-0.06%12.23%18.13%8.70%
    201813.41%-11.31%-7.68%-1.95%
    201713.83%11.22%3.80%5.83%
    201636.43%72.58%24.86%18.27%
    2015-18.86%-29.30%-3.65%-4.65%
    20142.28%-2.90%-2.59%1.36%
    201329.08%9.62%3.18%9.08%
    201233.02%31.85%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 6/30/2020
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/30/2019
    13.75%
    Number of Holdings:
    As of 3/31/2020
    158
    Annual Portfolio Turnover:
    As of 3/31/2020
    17.56%
    Average Bond Price:
    As of 3/31/2020
    $52.22
    Asset Allocation

    As of 3/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Asset Backed103.62%
    Securitized (Super Sector)103.62%
    Corporate (Super Sector)2.28%
    Bank Loan1.02%
    Corporate Bond0.84%
    Preferred Stock0.42%
    Cash Equivalents-5.90%
    Cash Equivalents (Super Sector)-5.90%
    Top Holdings

    As of 3/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    OCTAGON INVESTMENT PARTNERS 40$26.93M5.61%
    Elevation CLO 2020-11 Ltd$16.80M3.50%
    Atrium XII$13.91M2.90%
    BLUEMOUNTAIN CLO 2016-2$13.60M2.83%
    ARES XL CLO LTD$13.45M2.80%
    EATON VANCE CLO 2018-1 LTD$13.03M2.71%
    EAST WEST INVS MGMT CLO 2019-1$12.01M2.50%
    Atrium Xv Llc$11.34M2.36%
    Ares Xxxvii Clo$11.28M2.35%
    Ozlm XIV Limited$10.08M2.10%
    Maturity Breakdown

    As of 3/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2020 reported by Fund Sponsor

    Country% Portfolio
    Others - Fixed Income60.03%
    United States - Fixed Income27.97%
    Ireland - Fixed Income13.70%
    China - Fixed Income0.59%
    United Kingdom - Fixed Income0.58%
    Canada - Fixed Income0.36%

    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-1014244PR-E1119W