CEF Advisors AICA Event NAVigator Podcast

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

Taxable Bond Funds - Loan Participation

Data as of Sept. 30, 2022
Market Price $5.94 (- $0.12)
NAV (Sept. 30, 2022) $6.39 (- $0.03)
Fund Listed NYSE
Premium / Discount -7.04% (-1.43%)
Fund Info
Inception Sept. 27, 2017
Sponsor XA Investments LLC
Website http://xainvestments.c...
Location Illinois
Incorporated Delaware
Staggered Board Yes
Objective: Seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.
Related Indexes
High Income Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
US Bond Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 35,293,840
Total Assets (Reported: June 30, 2022) $424M
Estimated Total Assets $384M
Net Assets $226M
Market Cap $210M
Portfolio Turnover 20.00%
Total Leverage 41.27%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 5.85%
Non Lev Exp Ratio 3.82%
Rel Lev Cost 2.68%
Discount Data
Average Discount (3 Yr) 5.52%
Discount Low(3 Yr) -30.49%
Discount High(3 Yr) 21.22%
Discount Rel Range (3 Yr) 45.34%
Comp Discount 2.93
Discount St Dev (1Yr) 4.41
Z-Stat (6mo) -3.08
Z-Stat (1Yr) -3.38
Z-Stat (3Yr) -1.79
Comp Z-Stat (6mo) -2.31
Comp Z-Stat (3Yr) -1.24
Distribution Data
Market Yield 14.75%
Income Yield 14.75%
Lev Adj NAV Yield 9.70%
Distribution Frequency M
Current Distribution $0.073
Current Income $0.073
Ex-Date 9/15/22
Payable Date 10/3/22
Div Growth (3yr) 0.00%
Dividend Change 21.7% on 10/1/20
Expected Div 10/3/22
RoC (1yr) 0.00%
RoC (3yr) 30.08%
Volume & Liquidity
Average Daily $ (K) $1,059
Avg Volume 30 day 212,736
Avg Volume 90 day 178,243
Volume Trend 19.35%
Comp Volume Trend 6.44%
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 64.0%
NAV - Price Correlation (30 d) 93.8%
NAV - Price Correlation (90 d) 62.8%
NAV - Price Correlation (1 Yr) 95.6%
Price St Dev (1Yr) 29.5%
NAV St Dev (1Yr) 7.7%
Earnings / Share (6/30/22) $0.060
Earn Coverage 81.92%
Earnings Trend Up
UNII / Share (6/30/22) $-0.130
Rel UNII -14.89
UNII Trend Up
Bond Specific Data
Maturity 8.17
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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