XAI Octagon FR & Alt Income Term Trust:XFLT

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$9.02$8.0611.91%
    52 Wk Avg$7.48$7.114.62%
    52 Wk High$9.48$8.0618.53%
    52 Wk Low$5.27$5.56-9.32%
    Regular Distribution TypeIncome Only
    Distribution Rate9.71%
    Distribution Amount$0.0730
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment objective of the Trust is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. There can be no assurance that the Trust will achieve its investment objective, and you could lose some or all of your investment.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$222.163M
    Total Common Assets:$147.488M
    Common Shares Outstanding:18,298,782
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $74.675M
    Regulatory Leverage (USD): $74.675M
    Effective Leverage (USD): $74.675M
    Effective Leverage (%): 33.61%
    Annual Expense Ratios

    As of 9/30/2020

      Per Common Share
    Management Fees2.47%
    Other Expenses:2.05%
    Baseline Expense: N/A
    Interest Expense:1.19%
    Total: 5.71%
    Fund Management

    Fund Sponsor
    XAI Octagon FR & Alt Income Term Trust

    Portfolio Managers
    Andrew D. Gordon, Michael B. Nechamkin, Lauren M. Basmadjian, Gretchen M Lam

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: XFLT
    NAV Ticker: XFLTX
    Average Daily Volume (shares): 113,698
    Average Daily Volume (USD): $0.910M
    Inception Date: 9/27/2017
    Inception Share Price: $10.00
    Inception NAV: $9.78
    Tender Offer: No
    Term: Yes
    Fiscal Year End: September 30
    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 3/31/2021
    $0.3422
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    10.87%
    Total Return on NAV (12 months):
    As of 6/11/2021
    68.90%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    8.51%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    33.61%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month9.77%
    1 Year4.62%
    3 Year2.00%
    5 Year 
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month-0.06
    6 Month0.52
    1 Year1.10
    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
    YTD20.26%14.10%13.26%5.04%
    20205.47%5.73%0.14%1.12%
    201922.38%1.70%18.13%8.70%
    2018-15.03%-4.22%-7.68%-1.95%
    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
    Average Coupon:
    As of 6/11/2021
    8.51%
    Number of Holdings:
    As of 4/30/2021
    353
    Annual Portfolio Turnover:
    As of 9/30/2020
    60.00%
    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)88.12%
    Bank Loan83.02%
    Securitized (Super Sector)73.90%
    Asset Backed73.90%
    Corporate Bond5.10%
    Cash Equivalents-62.14%
    Cash Equivalents (Super Sector)-62.14%
    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    MADISON PARK FUNDING XXXVII LTD 0%$4.75M3.17%
    ALM 2020-1 LTD 0%$4.69M3.13%
    BATTALION CLO XV LTD 0%$4.13M2.76%
    ROCKLAND PARK LTD 0%$4.13M2.75%
    Madison Park Funding XXVIII Ltd 0%$3.82M2.55%
    CIFC FUNDING 2021-II LTD 0%$3.51M2.34%
    OHA Credit Partners X Limited 0%$3.37M2.25%
    BATTALION CLO XVI LTD 0%$3.15M2.10%
    CARLYLE US CLO 2019-4 LTD 0%$3.01M2.01%
    ANCHORAGE CAPITAL CLO 1-R LTD / LLC 0%$2.95M1.97%
    Maturity Breakdown

    As of 4/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    Others - Fixed Income46.89%
    United States - Fixed Income24.31%
    Ireland - Fixed Income5.47%
    France - Fixed Income0.70%
    Belgium - Fixed Income0.60%
    United States - Equity0.12%

    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.

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