XAI Floating Rate & Alternative Income Trust
Sponsor: XA Investments · Inception Oct 9, 2017 · Pays monthly
Market priceShare price
$18.48
-0.19% ($-0.04)
NAVAsset value per share
$22.30
as of Mar 31, 2026 · SEC filing
Premium / discountPrice vs. assets
17.13% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
14.61%
regular, annualised · on NAV 12.11%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
22.2%
of total managed assets
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 10:43 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Links go to SEC EDGAR or the sponsor. Document dates are the filing's report date (or filing date); an older prospectus is shown with its date and is not a current comprehensive source. Links are checked weekly; failures are flagged.
Sponsor & official fund page
The sponsor's site carries daily NAV, fact sheets, distribution notices (Section 19(a)), tax information and reinvestment-plan terms.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Sponsor websitelatest | — | — | — | Sponsor | link check failed (404) |
Prospectus & registration statements
Form N-2 and supplements: investment policies, fee table, leverage terms, rights offerings, at-the-market programmes.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Registration statement amendment (Form N-2/A)latest · filing index | Jun 16, 2025 | Jun 16, 2025 | N-2/A | SEC EDGAR | OK (Oct 11, 2026, 12:20 AM EDT) |
| Registration statement / prospectus (Form N-2) · filing index | Jan 24, 2025 | Jan 24, 2025 | N-2 | SEC EDGAR | unchecked |
| Prospectus (Rule 424(b)(2)) — 424B2 · filing index | Jun 4, 2024 | Jun 4, 2024 | 424B2 | SEC EDGAR | unchecked |
| Prospectus (Rule 424(b)(2)) — 424B2 · filing index | Feb 9, 2024 | Feb 9, 2024 | 424B2 | SEC EDGAR | unchecked |
| Prospectus (Rule 424(b)(2)) — 424B2 · filing index | Feb 2, 2024 | Feb 2, 2024 | 424B2 | SEC EDGAR | unchecked |
| Prospectus (Rule 424(b)(2)) — 424B2 · filing index | Feb 2, 2024 | Feb 2, 2024 | 424B2 | SEC EDGAR | unchecked |
| Prospectus (Rule 424(b)(2)) — 424B2 · filing index | Jul 6, 2022 | Jul 6, 2022 | 424B2 | SEC EDGAR | unchecked |
| Prospectus (Rule 424(b)(2)) — 424B2 · filing index | Jun 29, 2022 | Jun 29, 2022 | 424B2 | SEC EDGAR | unchecked |
Annual reports (N-CSR)
Financial highlights, statements, notes on leverage and fees, distribution sources.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Annual shareholder report (Form N-CSR) — N-CSRlatest · filing index | Sep 30, 2025 | Dec 1, 2025 | N-CSR | SEC EDGAR | OK (Oct 11, 2026, 12:20 AM EDT) |
| Annual shareholder report (Form N-CSR) — N-CSR · filing index | Sep 30, 2024 | Dec 3, 2024 | N-CSR | SEC EDGAR | unchecked |
| Annual shareholder report (Form N-CSR) — N-CSR · filing index | Sep 30, 2023 | Nov 29, 2023 | N-CSR | SEC EDGAR | unchecked |
| Annual shareholder report (Form N-CSR) — N-CSR · filing index | Dec 1, 2022 | Dec 1, 2022 | N-CSR | SEC EDGAR | unchecked |
| Annual shareholder report (Form N-CSR) — N-CSR · filing index | Sep 30, 2021 | Nov 29, 2021 | N-CSR | SEC EDGAR | unchecked |
| Annual shareholder report (Form N-CSR) — N-CSR · filing index | Sep 30, 2020 | Dec 2, 2020 | N-CSR | SEC EDGAR | unchecked |
Semi-annual reports (N-CSRS)
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Semi-annual shareholder report (Form N-CSRS) — N-CSRSlatest · filing index | Mar 31, 2026 | Jun 5, 2026 | N-CSRS | SEC EDGAR | OK (Oct 11, 2026, 12:17 AM EDT) |
| Semi-annual shareholder report (Form N-CSRS) — N-CSRS · filing index | Mar 31, 2025 | Jun 6, 2025 | N-CSRS | SEC EDGAR | unchecked |
| Semi-annual shareholder report (Form N-CSRS) — N-CSRS · filing index | Mar 31, 2024 | May 29, 2024 | N-CSRS | SEC EDGAR | unchecked |
| Semi-annual shareholder report (Form N-CSRS) — N-CSRS · filing index | May 24, 2023 | May 24, 2023 | N-CSRS | SEC EDGAR | unchecked |
| Semi-annual shareholder report (Form N-CSRS) — N-CSRS · filing index | Mar 31, 2022 | May 26, 2022 | N-CSRS | SEC EDGAR | unchecked |
| Semi-annual shareholder report (Form N-CSRS) — N-CSRS · filing index | Mar 31, 2021 | May 26, 2021 | N-CSRS | SEC EDGAR | unchecked |
Portfolio holdings (N-PORT)
Monthly portfolio filed quarterly with a ~60-day lag.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Monthly portfolio holdings (Form N-PORT)latest · filing index | Jun 30, 2026 | Aug 28, 2026 | NPORT-P | SEC EDGAR | OK (Oct 11, 2026, 12:17 AM EDT) |
| Monthly portfolio holdings (Form N-PORT) · filing index | Mar 31, 2026 | May 28, 2026 | NPORT-P | SEC EDGAR | unchecked |
| Monthly portfolio holdings (Form N-PORT) · filing index | Dec 31, 2025 | Feb 26, 2026 | NPORT-P | SEC EDGAR | unchecked |
| Monthly portfolio holdings (Form N-PORT) · filing index | Sep 30, 2025 | Nov 26, 2025 | NPORT-P | SEC EDGAR | unchecked |
| Monthly portfolio holdings (Form N-PORT) · filing index | Jun 30, 2025 | Aug 28, 2025 | NPORT-P | SEC EDGAR | unchecked |
| Monthly portfolio holdings (Form N-PORT) · filing index | Mar 31, 2025 | May 29, 2025 | NPORT-P | SEC EDGAR | unchecked |
Tender offers
Schedule TO filings: pricing formula, size, deadlines, proration.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Issuer tender offer statement (SC TO-I) — SC TO-Ilatest · filing index | Sep 18, 2026 | Sep 18, 2026 | SC TO-I | SEC EDGAR | OK (Oct 11, 2026, 12:20 AM EDT) |
Proxy statements & reorganisations
Shareholder votes: directors, mergers, liquidations, conversions.
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Additional proxy materials (DEFA14A) — DEFA14Alatest · filing index | Aug 5, 2026 | Aug 5, 2026 | DEFA14A | SEC EDGAR | OK (Oct 11, 2026, 12:20 AM EDT) |
| Additional proxy materials (DEFA14A) — DEFA14A · filing index | Aug 5, 2026 | Aug 5, 2026 | DEFA14A | SEC EDGAR | unchecked |
| Additional proxy materials (DEFA14A) — DEFA14A · filing index | Aug 4, 2026 | Aug 4, 2026 | DEFA14A | SEC EDGAR | unchecked |
| Additional proxy materials (DEFA14A) — DEFA14A · filing index | Aug 4, 2026 | Aug 4, 2026 | DEFA14A | SEC EDGAR | unchecked |
| Additional proxy materials (DEFA14A) — DEFA14A · filing index | Aug 4, 2026 | Aug 4, 2026 | DEFA14A | SEC EDGAR | unchecked |
| Additional proxy materials (DEFA14A) — DEFA14A · filing index | Aug 4, 2026 | Aug 4, 2026 | DEFA14A | SEC EDGAR | unchecked |
| Additional proxy materials (DEFA14A) — DEFA14A · filing index | Aug 3, 2026 | Aug 3, 2026 | DEFA14A | SEC EDGAR | unchecked |
| Additional proxy materials (DEFA14A) — DEFA14A · filing index | Aug 3, 2026 | Aug 3, 2026 | DEFA14A | SEC EDGAR | unchecked |
Current reports (8-K)
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Current report (8-K)latest · filing index | Aug 6, 2026 | Aug 10, 2026 | 8-K | SEC EDGAR | OK (Oct 11, 2026, 12:20 AM EDT) |
| Current report (8-K) · filing index | Jul 30, 2026 | Jul 30, 2026 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) · filing index | May 29, 2026 | May 29, 2026 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) · filing index | May 14, 2026 | May 19, 2026 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) · filing index | Jan 30, 2026 | Jan 30, 2026 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) · filing index | Dec 29, 2025 | Dec 30, 2025 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) · filing index | Dec 18, 2025 | Dec 19, 2025 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) · filing index | Oct 21, 2025 | Oct 23, 2025 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) · filing index | Oct 10, 2025 | Oct 10, 2025 | 8-K | SEC EDGAR | unchecked |
| Current report (8-K) · filing index | Mar 21, 2025 | Mar 26, 2025 | 8-K | SEC EDGAR | unchecked |
Annual census (N-CEN)
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Annual census report (Form N-CEN)latest · filing index | Sep 30, 2025 | Dec 15, 2025 | N-CEN | SEC EDGAR | OK (Oct 11, 2026, 12:20 AM EDT) |
| Annual census report (Form N-CEN) · filing index | Sep 30, 2024 | Dec 13, 2024 | N-CEN | SEC EDGAR | unchecked |
| Annual census report (Form N-CEN) · filing index | Sep 30, 2023 | Dec 12, 2023 | N-CEN | SEC EDGAR | unchecked |
Other
| Document | Date | Filed | Form | Source | Status |
|---|---|---|---|---|---|
| Exemptive application (40-APP) — 40-APPlatest · filing index | Sep 17, 2026 | Sep 17, 2026 | 40-APP | SEC EDGAR | OK (Oct 11, 2026, 12:20 AM EDT) |
| Proxy voting record (N-PX) · filing index | Jun 30, 2026 | Aug 14, 2026 | N-PX | SEC EDGAR | unchecked |
| Proxy voting record (N-PX) · filing index | Jun 30, 2025 | Aug 12, 2025 | N-PX | SEC EDGAR | unchecked |
| Proxy voting record (N-PX) · filing index | Jun 30, 2024 | Aug 22, 2024 | N-PX | SEC EDGAR | unchecked |
| All SEC filings for this fund (EDGAR)latest | — | — | — | SEC EDGAR | OK (Oct 11, 2026, 12:20 AM EDT) |
Not on file for this fund: fact sheets, distribution notices, tax information, reinvestment plan. These are published on the sponsor's site rather than EDGAR; use the sponsor link above.
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.