An investment in a fund is subject to investment risk, including the possible loss of your entire investment. There can be no assurance that a fund's investment objectives will be achieved.
This information does not constitute an offer to sell, or a solicitation of an offer to invest in any fund.
XFLT is a listed closed-end fund and shares of listed closed-end management investment companies frequently trade at a discount from their net asset value, which is a risk separate and distinct from the risk that the fund's net asset value could decrease as a result of its investment activities. XFLT invests primarily in below investment grade instruments, which are commonly referred to as “high yield” securities or “junk” bonds. Investments in below investment grade securities are considered predominantly speculative with respect to the issuer’s capacity to pay interest and repay principal when due and such issuers are not perceived as strong financially, relative to those with higher credit ratings. XFLT invests a significant portion of its assets in CLO debt and CLO equity, which often involve risks that are different from or more acute than risks associated with other types of credit instruments. Investors should see the “Risks” section in XFLT’s most recent Annual Report on Form N-CSR for a detailed discussion of factors investors should consider carefully before deciding to invest in XFLT’s Shares.
Past performance is not a guarantee of future results.
1S&P Global as of September 30, 2022. Octagon is a top 10 US CLO issuer on a 1-year, 3-year, 5-year and 7-year basis. Represents US CLOs, excludes middle market CLOs.