In plain terms — Blackstone Strategic Credit 2027 Term Fund
Shares currently cost about 5.2% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 5.0% discount, so today's level is not wide for this fund (Z-score -0.3). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 8.0% a year of the share price (7.6% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.06 of assets — a ReinvestCapture™ rate of 8.5%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 0.7% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -4.90% | 0.45% | -0.91 | 64 |
| 6 months | -4.74% | 0.57% | -0.99 | 126 |
| 1 year | -5.04% | 0.79% | -0.34 | 250 |
| 3 years | -5.70% | — | — | — |
| 5 years | -7.61% | — | — | — |
Current contemporaneous premium/discount -5.31% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -7.18% to -3.67%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -1.70% | -3.17% | -6.79% | -7.81% | +0.40% | -4.87% |
| Market price total return | -1.05% | -1.21% | -1.58% | -0.06% | +9.76% | +3.74% |
| NAV return | -1.35% | -1.10% | -6.11% | -6.71% | -2.16% | -4.50% |
| NAV total return | -0.73% | +0.81% | -1.11% | +0.72% | +6.39% | +3.44% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
Blackstone Strategic Credit 2027 Term Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities. The fund employs fundamental analysis using a research-driven credit analysis approach while focusing on factors like companies which offer attractive risk / return characteristics to create its portfolio. It benchmarks the performance of its portfolio against a composite index comprised of 75% S&P/LSTA Leveraged Loan Index and 25% Barclays US High Yield Index. Blackstone Strategic Credit 2027 Term Fund was formed on September 26, 2012 and is domiciled in United States.
CEF Explorer research page for Blackstone Strategic Credit 2027 Term Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.