CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT)

Taxable Bond Funds - Loan Participation

Data as of Dec. 13, 2019
Current
Market Price $7.99 (- $0.03)
NAV (Dec. 13, 2019) $7.74 (- $0.06)
Premium / Discount 3.23% (+0.41%)
Fund Info
Inception Sept. 27, 2017
Sponsor XA Investments LLC
Website http://xainvestments.c...
Phone
NAV Symbol XFLTX
Objective: Seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.
Related Indexes
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 11,289,580
Total Assets (Reported: June 30, 2019) $130M
Estimated Total Assets $130M
Net Assets $87M
Market Cap $90M
Purchases Turnover 393.21%
Sales Turnover 158.06%
Total Leverage 32.80%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 5.20%
Non Lev Exp Ratio 3.26%
Rel Lev Cost 3.57%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -16.82%
Discount High(3 Yr) 17.95%
Discount Rel Range 57.67%
Comp Discount 12.01
Discount St Dev (1Yr) 6.48
Z-Stat
Z-Stat (6mo) -1.85
Z-Stat (1Yr) 0.05
Z-Stat (3Yr)
Comp Z-Stat (6mo) -2.42
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 10.96%
Income Yield 10.96%
Lev Adj NAV Yield 8.52%
Distribution Frequency M
Current Distribution $0.073
Current Income $0.073
Ex-Date 12/13/19
Payable Date 12/31/19
Div Growth (3yr) %
Dividend Change 5.8% on 5/1/19
Expected Div 1/2/20
RoC (1yr) 0.00%
RoC (3yr) 16.73%
Volume & Liquidity
Average Daily $ (M) $663
Avg Volume 30 day 111,141
Avg Volume 90 day 82,922
Volume Trend 34.03%
Comp Volume Trend 25.45%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
46.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
69.0%
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
55.0%
Most Correlated Peer (Mk Pr): HFRO 57.0%
NAV - Price Correlation (30 d) -8.2%
NAV - Price Correlation (90 d) 64.9%
NAV - Price Correlation (1 Yr) 19.9%
Price St Dev (1Yr) 18.2%
NAV St Dev (1Yr) 4.9%
Earnings
Earnings / Share (6/30/19) $0.070
Earn Coverage 95.34%
Earnings Trend Down
UNII / Share (6/30/19) $-0.024
Rel UNII -2.77
UNII Trend Up
Bond Specific Data
Maturity 7.98
Duration
Credit Rating (rbo)
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.10
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.25
NAV Beta (2yr)
vs. CEFA's Senior Loan Index
0.80

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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