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Strategies

XAI serves as an investment manager and a product consultant to give the investing public better access to unique strategies.

XFLT

XAI Octagon Floating Rate & Alternative Income Term Trust

XAI has partnered with Octagon Credit Investors, LLC, a leading institutional credit investor and top 10 U.S. CLO issuer1 to launch XFLT, a listed closed-end fund which trades on the NYSE. XFLT is a listed closed-end fund which trades on the NYSE. The Trust is dynamically managed and invests primarily within the private credit markets including floating-rate loans, CLO debt and CLO equity. The Trust’s portfolio as of was invested in CLO debt and equity (), first lien and second lien loans () and other investments ().

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TBLD

Thornburg Income Builder Opportunities Trust

Thornburg Investment Management, a global investment firm and recognized leader in fixed income, equity and alternatives investing has launched its first closed-end fund, TBLD, which trades on the NASDAQ. TBLD’s investment objective is to provide current income and additional total return. TBLD seeks to achieve its objective by investing, directly or indirectly, at least 80% of its managed assets in a broad range of income-producing securities. TBLD will invest in both equity and debt securities of companies located in the United States and around the globe.

Visit the TBLD website

Risk Considerations

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.

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