XFLT Profile
Xai Octagon Floating Alt Income Term Trust (XFLT) is a closed-end management investment company that aims to generate a high level of income, primarily through investments in US dollar-denominated floating-rate debt instruments and debt obligations. The fund's investment objective is to seek attractive total return with an emphasis on income generation across various credit market sectors while maintaining a portfolio with low correlation to interest rate movements.
XFLT invests in a variety of sectors, including healthcare, financial services, energy, consumer discretionary, and technology. The fund may also invest in distressed securities, including securities issued by companies in bankruptcy, and other opportunistic investments.
XFLT is managed by XA Investments LLC and Octagon Credit Investors LLC. The fund began trading on the NASDAQ Global Select Market in June 2018. As of the end of 2021, XFLT had total net assets of approximately $216 million.
Investors in XFLT should be aware that closed-end funds may trade at a discount or premium to their net asset value (NAV) due to supply and demand factors in the market. Additionally, investing in debt securities, particularly those rated below investment grade, involves risks such as credit risk and interest rate risk.
As with any investment, it is important for investors to carefully consider their investment objectives, risk tolerance, and time horizon before investing in XFLT or any other investment product. It is also recommended to consult with a financial advisor or professional to determine whether an investment in XFLT is suitable for their individual circumstances.
|
