In plain terms — XAI Floating Rate & Alternative Income Trust
Shares currently cost about 17.1% less than the value of the assets behind them (a discount).
It pays regular distributions worth about 14.6% a year of the share price (12.1% 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 $1.21 of assets — a ReinvestCapture™ rate of 17.6%, more than the payout rate itself. That is buying power, not a return.
The fund borrows: about 22% of what it holds is financed with leverage, which magnifies both gains and losses.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | — | — | — | 0 |
| 6 months | — | — | — | 0 |
| 1 year | — | — | — | 0 |
| 3 years | — | — | — | — |
| 5 years | — | — | — | — |
Current contemporaneous premium/discount — (close Oct 14, 2026 vs NAV Mar 31, 2026). 1-year range — to —. 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 | -2.95% | +5.76% | -21.92% | -26.65% | -18.07% | -15.44% |
| Market price total return | -1.81% | +9.65% | -15.19% | -19.62% | -13.93% | -12.01% |
| NAV return | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
Operating as a diversified, closed-end investment trust, XAI Octagon Floating Rate & Alternative Income Term Trust focuses its capital allocation on a dynamically managed portfolio. This portfolio primarily comprises floating-rate credit instruments and various other structured credit investments sourced from private markets. The Trust was established on September 27, 2017, and maintains its headquarters in Chicago, Illinois.
CEF Explorer research page for XAI Floating Rate & Alternative Income Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.