CEF Advisors AICA Event NAVigator Podcast

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Blackstone Secured Lending Fund (BXSL)

BDC - Debt Focused BDC

Data as of Aug. 12, 2022
Market Price $25.20 (- $0.04)
NAV (June 30, 2022) $25.89 ( $0.00)
Fund Listed NYSE
Premium / Discount -2.67% (-0.15%)
Fund Info
Inception Oct. 28, 2021
Sponsor Blackstone Credit BDC Advisors LLC
Website https://www.bxsl.com/
Phone 1 (888) 756-8443
Location New York
Incorporated Delaware
Staggered Board No
Objective: Investing in first lien senior secured and unitranche loans that pay floating interest rates and rank ahead of subordinated debt and equity
Related Indexes
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Capital & Leverage
Outstanding Shares 165,285,728
Total Assets (Reported: June 30, 2022) $10,382M
Estimated Total Assets $9,670M
Net Assets $4,279M
Market Cap $4,165M
Portfolio Turnover 6.96%
Debt-to-Equity 1.3291
Total Leverage 55.75%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 7.43%
Non Lev Exp Ratio 3.33%
Gross Asset Expense Ratio 3.15%
Gross Asset Non Lev Exp Ratio 1.41%
Rel Lev Cost 3.12%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -14.60%
Discount High(3 Yr) 43.94%
Discount Rel Range 20.39%
Comp Discount 0.46
Discount St Dev (1Yr)
Z-Stat (6mo) -0.33
Z-Stat (1Yr)
Z-Stat (3Yr)
Comp Z-Stat (6mo) -0.69
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 8.41%
Income Yield 8.41%
Lev Adj NAV Yield 5.26%
Av Yield on Debt Investments 7.80
Distribution Frequency Q
Current Distribution $0.530
Current Income $0.530
Ex-Date 9/29/22
Payable Date 11/14/22
Div Growth (3yr) %
Dividend Change % on
Expected Div 8/11/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $15,846
Avg Volume 30 day 752,691
Avg Volume 90 day 628,796
Volume Trend 19.70%
Comp Volume Trend 38.41%
Correlation & Volatility
Price St Dev (1Yr) %
NAV St Dev (1Yr) %
Earnings / Share (6/30/22) $0.626
Adj Core NII Coverage 113.73%
1 Yr Avg NII Coverage 116.80%
1 Yr Avg Adj Core NII Coverage 117.11%
NII Trend -1.15%
Adj Core NII Trend -4.62%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 0.87%
% Loans with Libor Floor 94%


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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.

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.

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