XAI Octagon FR & Alt Income Term Trust:XFLT

    Manage Alerts


    As of 5/20/2022

    52 Wk Avg$8.91$8.0710.44%
    52 Wk High$9.85$8.4021.22%
    52 Wk Low$7.10$7.041.88%
    Regular Distribution TypeIncome Only
    Distribution Rate11.65%
    Distribution Amount$0.0730
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Trust’s investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating-rate credit instruments and other structured credit investments.

    Capital Structure

    As of 5/20/2022

    Total Investment Exposure:$324.315M
    Total Common Assets:$187.787M
    Common Shares Outstanding:26,674,283

    As of 5/20/2022

    Preferred Share Assets:
    Total Debt (USD): $136.528M
    Regulatory Leverage (USD): $136.528M
    Effective Leverage (USD): $136.528M
    Effective Leverage (%): 42.10%
    Annual Expense Ratios

    As of 9/30/2021

      Per Common Share
    Management Fees2.47%
    Other Expenses:2.12%
    Baseline Expense: N/A
    Interest Expense:0.70%
    Total: 5.28%
    Fund Management

    Fund Sponsor
    XAI Octagon FR & Alt Income Term Trust

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

    Category: Fixed Income - Taxable-Senior Loans
    Ticker: XFLT
    NAV Ticker: XFLTX
    Average Daily Volume (shares): 229,029
    Average Daily Volume (USD): $2.035M
    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


    As of 5/20/2022

    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 9/30/2021
    Annualized Distribution Rate on NAV:
    As of 5/20/2022
    Total Return on NAV (12 months):
    As of 5/20/2022
    Avg. Portfolio Coupon:
    As of 5/20/2022
    Total % Portfolio Effectively Leveraged:
    As of 5/20/2022

    Pricing Information

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

    As of 5/21/2022

    PeriodAvg Discount
    6 Month10.62%
    1 Year10.44%
    3 Year5.61%
    5 Year 

    As of 5/20/2022

    3 Month-0.88
    6 Month-1.05
    1 Year-1.00
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 4/30/2022
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    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 4/30/2022
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 5/20/2022
    Number of Holdings:
    As of 3/31/2022
    Annual Portfolio Turnover:
    As of 9/30/2021
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Corporate (Super Sector)84.06%
    Asset Backed81.52%
    Securitized (Super Sector)81.52%
    Bank Loan77.26%
    Corporate Bond6.80%
    Cash Equivalents-65.67%
    Cash Equivalents (Super Sector)-65.67%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    CARLYLE US CLO 2019-4 LTD 0%$7.50M3.04%
    ROCKLAND PARK LTD 0%$6.89M2.79%
    ANCHORAGE CAPITAL 19 LTD 0%$5.64M2.29%
    Webster Pk Clo Limited 0%$5.43M2.20%
    ANCHORAGE CAPITAL CLO 13 LTD 0%$5.37M2.18%
    ELMWOOD CLO VII LTD 0%$5.03M2.04%
    Recette Clo 0%$4.63M1.87%
    Carbone CLO, Limited / Carbone CLO LLC 0%$4.37M1.77%
    ELMWOOD CLO II LTD 0%$4.20M1.70%
    Credit Quality

    As of 3/31/2022

    Maturity Breakdown

    As of 3/31/2022

    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    United States - Fixed Income51.20%
    Others - Fixed Income26.20%
    Ireland - Fixed Income5.36%
    United Kingdom - Fixed Income2.79%
    France - Fixed Income1.59%
    Belgium - Fixed Income0.35%
    United States - Equity0.08%

    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.


    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.