CEF Advisors AICA Event NAVigator Podcast

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XAI Octagon Floating Rate & Alternative Income Trust (XFLT)

Taxable Bond Funds - Loan Participation

Data as of June 20, 2024
Market Price $7.06 (- $0.07)
NAV (June 20, 2024) $6.85 (+ $0.01)
Fund Listed NYSE
Premium / Discount 3.07% (-1.17%)
Fund Info
Inception Sept. 27, 2017
Sponsor XA Investments LLC
Website https://xainvestments....
Location Illinois
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.
Related Indexes
15 Major CEF Sectors Index
High Income Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
US Bond Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 60,532,773
Total Assets (Reported: March 31, 2024) $671M
Estimated Total Assets $674M
Net Assets $415M
Market Cap $427M
Portfolio Turnover 19.00%
Total Leverage 38.52%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 8.42%
Non Lev Exp Ratio 3.94%
Rel Lev Cost 6.62%
Discount Data
Average Discount (3 Yr) 5.35%
Discount Low(3 Yr) -7.04%
Discount High(3 Yr) 21.22%
Discount Rel Range (3 Yr) 35.77%
Comp Discount 5.33
Discount St Dev (1Yr) 1.97
Z-Stat (6mo) -0.33
Z-Stat (1Yr) -0.42
Z-Stat (3Yr) -0.51
Comp Z-Stat (6mo) -1.22
Comp Z-Stat (3Yr) -1.61
Distribution Data
Market Yield 14.45%
Income Yield 14.45%
Lev Adj NAV Yield 10.75%
Distribution Frequency M
Current Distribution $0.085
Current Income $0.085
Ex-Date 6/17/24
Payable Date 7/1/24
Div Growth (3yr) 16.44%
Dividend Change 16.4% on 5/1/23
Expected Div 7/1/24
RoC (1yr) 5.79%
RoC (3yr) 8.34%
Volume & Liquidity
Average Daily $ (K) $2,999
Avg Volume 30 day 438,220
Avg Volume 90 day 424,777
Volume Trend 3.16%
Comp Volume Trend 10.28%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
Most Correlated Peer (Mk Pr): JFR 48.0%
NAV - Price Correlation (30 d) 21.2%
NAV - Price Correlation (90 d) 62.9%
NAV - Price Correlation (1 Yr) 78.2%
Price St Dev (1Yr) 14.8%
NAV St Dev (1Yr) 5.0%
Earnings / Share (3/31/24) $0.079
Earn Coverage 92.59%
Earnings Trend Up
UNII / Share (3/31/24) $0.014
Rel UNII 1.34
UNII Trend Up
Bond Specific Data
Maturity 8.12
Credit Rating (rbo) None
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Senior Loan Index


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

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