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.
Full portfolio as filed on SEC Form N-PORT for the month ending Jun 30, 2026, filed Aug 28, 2026. 505 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | Invesco Treasury Portfolio | Short-term inv. | United States | 2.10% | $12.3M |
| 2 | RR Ltd | ABS | Cayman Islands | 1.39% | $8.1M |
| 3 | TICP 2020-15A SUB | ABS | Cayman Islands | 1.29% | $7.5M |
| 4 | OHA Credit Partners Ltd | ABS | Cayman Islands | 1.14% | $6.7M |
| 5 | CGMS 2019-4A SUBA | ABS | Cayman Islands | 1.05% | $6.1M |
| 6 | OCP CLO Ltd | ABS | Jersey | 1.03% | $6M |
| 7 | Regatta XIX Funding Ltd | ABS | Cayman Islands | 0.97% | $5.7M |
| 8 | Oaktree CLO Ltd | ABS | Cayman Islands | 0.96% | $5.6M |
| 9 | Apidos CLO | ABS | Jersey | 0.92% | $5.4M |
| 10 | Apidos CLO | ABS | Cayman Islands | 0.88% | $5.2M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Loans | 43.07% | $252M |
| ABS (other) | 37.64% | $220M |
| Short-term investment vehicle | 2.10% | $12.3M |
| CDO/CLO | 16.44% | $96.2M |
| Debt | 0.71% | $4.1M |
| Equity (common) | 0.04% | $239K |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| Jersey | 8.47% | $49.6M |
| Cayman Islands | 44.17% | $258M |
| United States | 43.13% | $252M |
| United Kingdom | 0.84% | $4.9M |
| Bermuda | 0.80% | $4.7M |
| France | 0.70% | $4.1M |
| Canada | 0.65% | $3.8M |
| Luxembourg | 0.63% | $3.7M |
| Netherlands | 0.24% | $1.4M |
| China | 0.17% | $993K |
| Sweden | 0.09% | $505K |
| JM | 0.07% | $417K |
Region
| Region | % net assets | Value |
|---|---|---|
| Offshore domiciles | 44.97% | $263M |
| United States | 43.13% | $252M |
| Developed Europe | 10.96% | $64.1M |
| Canada | 0.65% | $3.8M |
| Asia ex-Japan | 0.17% | $993K |
| Other | 0.07% | $417K |
| Australia & New Zealand | 0.05% | $319K |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 97.90% | $573M |
| Registered fund | 2.10% | $12.3M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 2 | 97.90% | $573M |
| Level 1 | 2.10% | $12.3M |
| Level 3 | 0.00% | $0 |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.00% | $585M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 505 positions
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| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| Invesco Treasury Portfolio | 825252406 | Short-term inv. | RF | United States | 12,309,723 | shares | $12.3M | 2.10% | 1 |
| RR Ltdrestricted | 74983BAC5 | ABS | CORP | Cayman Islands | 13,108,000 | principal | $8.1M | 1.39% | 2 |
| TICP 2020-15A SUBrestricted | 87250TAB6 | ABS | CORP | Cayman Islands | 21,000,000 | principal | $7.5M | 1.29% | 2 |
| OHA Credit Partners Ltdrestricted | 67110BAC5 | ABS | CORP | Cayman Islands | 17,269,000 | principal | $6.7M | 1.14% | 2 |
| CGMS 2019-4A SUBArestricted | US14317WAC29 | ABS | CORP | Cayman Islands | 9,556,500 | shares | $6.1M | 1.05% | 2 |
| OCP CLO Ltdrestricted | 67119VAC2 | ABS | CORP | Jersey | 11,000,000 | principal | $6M | 1.03% | 2 |
| Regatta XIX Funding Ltdrestricted | 75888CAE2 | ABS | CORP | Cayman Islands | 12,102,000 | principal | $5.7M | 0.97% | 2 |
| Oaktree CLO Ltdrestricted | 67401WAC7 | ABS | CORP | Cayman Islands | 13,250,000 | principal | $5.6M | 0.96% | 2 |
| Apidos CLOrestricted | 03770XAE9 | ABS | CORP | Jersey | 9,000,000 | principal | $5.4M | 0.92% | 2 |
| Apidos CLOrestricted | 03771CAE4 | ABS | CORP | Cayman Islands | 10,000,000 | principal | $5.2M | 0.88% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64134TAC5 | ABS | CORP | Cayman Islands | 15,000,000 | principal | $5.2M | 0.88% | 2 |
| CIFC Funding Ltdrestricted | 12565HAC8 | ABS | CORP | Cayman Islands | 10,086,431 | principal | $5.1M | 0.87% | 2 |
| Sixth Street CLO XVI, Ltd.restricted | 83012EAB7 | ABS | CORP | Cayman Islands | 9,170,000 | principal | $4.9M | 0.84% | 2 |
| RR Ltdrestricted | 75000LAE5 | ABS | CORP | Bermuda | 9,780,000 | principal | $4.7M | 0.80% | 2 |
| CIFC Funding Ltdrestricted | 12555GAC2 | ABS | CORP | Cayman Islands | 8,279,438 | principal | $4.4M | 0.74% | 2 |
| Benefit Street Partners CLO Ltrestricted | 08183GAC0 | ABS | CORP | Cayman Islands | 6,400,000 | principal | $4.3M | 0.73% | 2 |
| Carlyle Global Market Strategirestricted | 14318EAC1 | ABS | CORP | Cayman Islands | 14,549,815 | principal | $4.3M | 0.73% | 2 |
| ARES CLO Ltdrestricted | 04018CAC9 | ABS | CORP | Cayman Islands | 12,425,000 | principal | $4.1M | 0.70% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64135LAC1 | ABS | CORP | Jersey | 7,325,000 | principal | $3.9M | 0.66% | 2 |
| Kennedy Lewis CLO Ltdrestricted | 37147WAC9 | ABS | CORP | Cayman Islands | 8,000,000 | principal | $3.8M | 0.65% | 2 |
| Sixth Street CLO LTD.restricted | 83011UAC0 | ABS | CORP | Jersey | 7,500,000 | principal | $3.8M | 0.65% | 2 |
| Sixth Street CLO LTD.restricted | 83011WAC6 | ABS | CORP | Cayman Islands | 7,000,000 | principal | $3.4M | 0.59% | 2 |
| Promontory Interfinancial/IntraFi Network 1/25 TLB | 65343UAH5 | Loan | CORP | United States | 3,569,918 | principal | $3.4M | 0.59% | 2 |
| Kennedy Lewis CLO Ltdrestricted | 37149TAC4 | ABS | CORP | Cayman Islands | 8,000,000 | principal | $3.4M | 0.59% | 2 |
| CIFC Funding Ltdrestricted | 12565TAC2 | ABS | CORP | Cayman Islands | 7,705,900 | principal | $3.3M | 0.56% | 2 |
| Regatta XVIII Funding Ltdrestricted | 75884HAB1 | ABS | CORP | Cayman Islands | 7,175,322 | principal | $3.2M | 0.55% | 2 |
| Regatta XXVII Funding Ltd.restricted | 758973AC5 | ABS | CORP | Jersey | 6,737,000 | principal | $3.2M | 0.55% | 2 |
| OCP CLO Ltdrestricted | 67119NAC0 | ABS | CORP | Jersey | 7,445,299 | principal | $3.2M | 0.55% | 2 |
| Kennedy Lewis CLO Ltdrestricted | 370919AC6 | ABS | CORP | Jersey | 6,000,000 | principal | $3.1M | 0.54% | 2 |
| Oak Hill Creditrestricted | 67106KAE7 | ABS | CORP | Cayman Islands | 9,091,692 | principal | $3.1M | 0.53% | 2 |
| Neuberger Berman CLO Ltdrestricted | 640982AE4 | ABS | CORP | Jersey | 5,200,000 | principal | $2.9M | 0.50% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64134WAC8 | ABS | CORP | Jersey | 6,500,000 | principal | $2.9M | 0.50% | 2 |
| White Cap 6/24 TLB | 96350TAH3 | Loan | CORP | United States | 2,881,238 | principal | $2.9M | 0.49% | 2 |
| Autodata/JD Power 7/24 TL | 74339NAG1 | Loan | CORP | United States | 2,952,845 | principal | $2.9M | 0.49% | 2 |
| Bowling Green Park CLO LLCrestricted | 00871QAC2 | ABS | CORP | Cayman Islands | 8,339,200 | principal | $2.9M | 0.49% | 2 |
| OCP CLO Ltdrestricted | 67120JAC6 | ABS | CORP | Cayman Islands | 5,000,000 | principal | $2.8M | 0.48% | 2 |
| CIFC Funding Ltdrestricted | 12554UAG3 | CDO/CLO | CORP | Cayman Islands | 2,750,000 | principal | $2.7M | 0.47% | 2 |
| Benefit Street Partners CLO Ltrestricted | 08187AAC9 | ABS | CORP | Cayman Islands | 5,250,000 | principal | $2.7M | 0.46% | 2 |
| Benefit Street Partners CLO Ltrestricted | 08179JAB2 | ABS | CORP | Cayman Islands | 4,500,000 | principal | $2.7M | 0.46% | 2 |
| Benefit Street Partners CLO Ltrestricted | 081923AC8 | ABS | CORP | Cayman Islands | 4,700,000 | principal | $2.7M | 0.46% | 2 |
| CIFC Funding Ltdrestricted | 12547WAC8 | ABS | CORP | Cayman Islands | 10,250,000 | principal | $2.6M | 0.44% | 2 |
| Hyperion Insurance/Howden 8/25 TLB | G4712JBB7 | Loan | CORP | Luxembourg | 2,774,959 | principal | $2.6M | 0.44% | 2 |
| Harmony-Peace Park CLOrestricted | 412914AC7 | ABS | CORP | Jersey | 5,275,000 | principal | $2.5M | 0.42% | 2 |
| Diameter Capital CLOrestricted | 25256NAC1 | ABS | CORP | Cayman Islands | 3,760,000 | principal | $2.5M | 0.42% | 2 |
| OCP CLO Ltdrestricted | 670899AC7 | ABS | CORP | Cayman Islands | 9,296,000 | principal | $2.4M | 0.42% | 2 |
| Imperial Bag & Paper/Imperial Dade 2/25 TLB | 05550HAQ8 | Loan | CORP | United States | 2,384,954 | principal | $2.4M | 0.40% | 2 |
| Benefit Street Partners CLO Ltrestricted | 08181GAE8 | CDO/CLO | CORP | Jersey | 2,400,000 | principal | $2.3M | 0.40% | 2 |
| ThyssenKrupp Elevator 3/25 (USD) TLB | D9000BAJ1 | Loan | CORP | United States | 2,327,430 | principal | $2.3M | 0.40% | 2 |
| Diameter Capital CLOrestricted | 25290CAC3 | ABS | CORP | Cayman Islands | 3,355,000 | principal | $2.3M | 0.40% | 2 |
| RegionalCare/Lifepoint Health 9/24 TLB | 75915TAK8 | Loan | CORP | United States | 2,345,807 | principal | $2.3M | 0.39% | 2 |
| Varsity Brands 9/25 Cov-Lite TL | 92227QAG1 | Loan | CORP | United States | 2,305,055 | principal | $2.3M | 0.39% | 2 |
| National Intergovernmental Purchasing/Omnia TLB | 68218HAE7 | Loan | CORP | United States | 2,279,735 | principal | $2.3M | 0.39% | 2 |
| CIFC Funding Ltdrestricted | 12598SAC5 | ABS | CORP | Cayman Islands | 3,500,000 | principal | $2.3M | 0.39% | 2 |
| Broadstreet Partners 5/24 TLB4 | 11132VAY5 | Loan | CORP | United States | 2,345,397 | principal | $2.3M | 0.39% | 2 |
| Palmer Square CLO Ltdrestricted | 69703MAC0 | ABS | CORP | Cayman Islands | 4,000,000 | principal | $2.2M | 0.38% | 2 |
| SunSource 3/24 TL | 12508KAJ6 | Loan | CORP | United States | 2,213,411 | principal | $2.2M | 0.38% | 2 |
| Drake Software/Taxwell 6/24 TLB | 23344UAF7 | Loan | CORP | United States | 2,316,236 | principal | $2.2M | 0.38% | 2 |
| Benefit Street Partners CLO Ltrestricted | 08181RAE4 | CDO/CLO | CORP | Jersey | 2,250,000 | principal | $2.2M | 0.38% | 2 |
| Endeavor/EOC 1/25 Cov-Lite TLB | 26875YAB8 | Loan | CORP | United States | 2,168,730 | principal | $2.2M | 0.37% | 2 |
| Athenahealth 5/26 Cov-Lite TL | 04686RAF0 | Loan | CORP | United States | 2,190,694 | principal | $2.2M | 0.37% | 2 |
| Carlyle Global Market Strategirestricted | 14318HAC4 | ABS | CORP | Cayman Islands | 4,534,341 | principal | $2.2M | 0.37% | 2 |
| Culligan 1/26 Cov-Lite TLB | 00132UAQ7 | Loan | CORP | United Kingdom | 2,144,653 | principal | $2.1M | 0.37% | 2 |
| Anchorage Capital CLO LTDrestricted | 03329CAC5 | ABS | CORP | Cayman Islands | 7,000,000 | principal | $2.1M | 0.37% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64134KAL4 | CDO/CLO | CORP | Cayman Islands | 2,170,000 | principal | $2.1M | 0.36% | 2 |
| Signia Aerospace 6/26 Cov-Lite TL | 82670NAJ5 | Loan | CORP | United States | 2,109,917 | principal | $2.1M | 0.36% | 2 |
| Benefit Street Partners CLO Ltrestricted | 08182AAG5 | CDO/CLO | CORP | Cayman Islands | 2,100,000 | principal | $2.1M | 0.36% | 2 |
| Regatta 34 Funding Ltd.restricted | 75904CAA0 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $2M | 0.35% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64130YAE4 | ABS | CORP | Cayman Islands | 4,425,109 | principal | $2M | 0.35% | 2 |
| Gentiva 6/26 Cov-Lite TLB | 12568YAJ3 | Loan | CORP | United States | 2,028,181 | principal | $2M | 0.35% | 2 |
| Rad CLO 12 Ltdrestricted | 75009QAC9 | ABS | CORP | Cayman Islands | 6,000,000 | principal | $2M | 0.34% | 2 |
| Elmwood CLO 46 Ltdrestricted | 29005HAA4 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $2M | 0.34% | 2 |
| Anchorage Capital CLO LTDrestricted | 03329GAJ1 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $2M | 0.34% | 2 |
| Kennedy Lewis CLO Ltdrestricted | 98625VAC4 | ABS | CORP | Cayman Islands | 7,008,000 | principal | $2M | 0.34% | 2 |
| Canyon Capital CLO Ltdrestricted | 13877HAA3 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $2M | 0.34% | 2 |
| CIFC Funding Ltdrestricted | 12570BAE0 | CDO/CLO | CORP | Cayman Islands | 1,985,000 | principal | $2M | 0.34% | 2 |
| Oaktree CLO Ltdrestricted | 67401WAE3 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $2M | 0.34% | 2 |
| CIFC Funding Ltdrestricted | 12570BAA8 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $2M | 0.34% | 2 |
| Elmwood CLO 25 Ltdrestricted | 29001CAA9 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $2M | 0.33% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64131UAL5 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $2M | 0.33% | 2 |
| Carlyle Global Market Strategirestricted | 14318HAG5 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $1.9M | 0.33% | 2 |
| Clover CLOrestricted | 18915FAJ1 | CDO/CLO | CORP | United States | 2,000,000 | principal | $1.9M | 0.33% | 2 |
| Amneal Pharmaceuticals 1/26 Cov-Lite TL | 03167DAS3 | Loan | CORP | United States | 1,918,150 | principal | $1.9M | 0.33% | 2 |
| Focus Financial Partners 1/25 Add-On Cov-Lite TLB | 34416DBD9 | Loan | CORP | United States | 1,970,396 | principal | $1.9M | 0.33% | 2 |
| Universal Services 8/25 (USD) Cov-Lite TLB | 01957TAX5 | Loan | CORP | United States | 1,919,093 | principal | $1.9M | 0.33% | 2 |
| Rad CLO Ltdrestricted | 48662MAA7 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $1.9M | 0.33% | 2 |
| OCP CLO Ltdrestricted | 67112QAB2 | ABS | CORP | Cayman Islands | 6,000,000 | principal | $1.9M | 0.32% | 2 |
| IMA Financial 11/21 Cov-Lite TL | 44966KAB1 | Loan | CORP | United States | 1,898,478 | principal | $1.9M | 0.32% | 2 |
| Regatta XXIV Funding Ltd.restricted | 75889TAC8 | ABS | CORP | Cayman Islands | 5,000,000 | principal | $1.9M | 0.32% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64135YAA7 | CDO/CLO | CORP | Cayman Islands | 1,875,000 | principal | $1.9M | 0.32% | 2 |
| Anchorage Capital CLO LTDrestricted | 03331LAJ6 | CDO/CLO | CORP | Cayman Islands | 2,000,000 | principal | $1.9M | 0.32% | 2 |
| Convergint 7/25 Cov-Lite TL | 23344MAM0 | Loan | CORP | United States | 1,843,264 | principal | $1.8M | 0.32% | 2 |
| Opella 5/26 (USD) B6 Cov-Lite TLB | F7000QAD3 | Loan | CORP | France | 1,833,740 | principal | $1.8M | 0.31% | 2 |
| Clover CLOrestricted | 00142QAL5 | ABS | CORP | United States | 5,500,000 | principal | $1.8M | 0.31% | 2 |
| CIFC Funding Ltdrestricted | 12551XAC9 | ABS | CORP | Cayman Islands | 5,298,000 | principal | $1.8M | 0.31% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64135RAC8 | ABS | CORP | Cayman Islands | 3,465,000 | principal | $1.8M | 0.31% | 2 |
| OHA Credit Partners Ltdrestricted | 67109HAE1 | ABS | CORP | Cayman Islands | 4,003,000 | principal | $1.8M | 0.30% | 2 |
| Anchorage Capital CLO LTDrestricted | 03328RBA6 | CDO/CLO | CORP | Cayman Islands | 1,765,000 | principal | $1.7M | 0.30% | 2 |
| CIFC Funding Ltdrestricted | 12551NAC1 | ABS | CORP | Cayman Islands | 6,500,000 | principal | $1.7M | 0.30% | 2 |
| Digicel 4/26 Cov-Lite TLB | G2761UAD3 | Loan | CORP | United States | 1,728,333 | principal | $1.7M | 0.30% | 2 |
| Therakos 10/24 Cov-Lite TLB | 83419KAC0 | Loan | CORP | United States | 1,730,751 | principal | $1.7M | 0.29% | 2 |
| Benefit Street Partners CLO Ltrestricted | 08186FAE5 | CDO/CLO | CORP | Jersey | 1,750,000 | principal | $1.7M | 0.29% | 2 |
| Hunter Douglas 1/25 (USD) TLB | N8137FAE0 | Loan | CORP | United States | 1,703,481 | principal | $1.7M | 0.29% | 2 |
| Grant Thornton 12/24 Cov-Lite TLB | 38821UAD2 | Loan | CORP | United States | 1,762,841 | principal | $1.7M | 0.29% | 2 |
| Oaktree CLO Ltdrestricted | 67400GAC3 | ABS | CORP | Cayman Islands | 4,000,000 | principal | $1.7M | 0.28% | 2 |
| Blackhawk Network 1/26 Cov-Lite TLB | 09238FAN1 | Loan | CORP | United States | 1,671,833 | principal | $1.7M | 0.28% | 2 |
| OVG Business/Oak View Group 5/24 TLB | 62955EAJ3 | Loan | CORP | United States | 1,652,648 | principal | $1.7M | 0.28% | 2 |
| Benefit Street Partners CLO Ltrestricted | 08182QAE5 | ABS | CORP | Jersey | 2,250,000 | principal | $1.6M | 0.28% | 2 |
| Babson CLO Ltdrestricted | 06764VAA2 | CDO/CLO | CORP | Cayman Islands | 1,600,000 | principal | $1.6M | 0.27% | 2 |
| Coinmach/CSC ServiceWorks/Air-Serv 1/26 FL20 TL | 22946QAC7 | Loan | CORP | United States | 2,111,943 | principal | $1.6M | 0.27% | 2 |
| CIFC Funding Ltdrestricted | 17180YAC5 | ABS | CORP | Cayman Islands | 5,100,000 | principal | $1.6M | 0.27% | 2 |
| Carlyle Global Market Strategirestricted | 143113AC2 | ABS | CORP | Cayman Islands | 4,391,000 | principal | $1.6M | 0.27% | 2 |
| Hightower 7/25 Cov-Lite TLB | 43117LAP8 | Loan | CORP | United States | 1,569,738 | principal | $1.6M | 0.27% | 2 |
| McAfee 12/24 Cov-Lite TLB | 57906HAF4 | Loan | CORP | United States | 1,736,380 | principal | $1.5M | 0.26% | 2 |
| Carlyle Global Market Strategirestricted | 142926AA2 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.5M | 0.26% | 2 |
| Benefit Street Partners CLO Ltrestricted | 081920AE0 | ABS | CORP | Cayman Islands | 2,560,000 | principal | $1.5M | 0.26% | 2 |
| Roper Technologies/Indicor 01/26 Cov-Lite TLB | 77669LAL7 | Loan | CORP | United States | 1,524,784 | principal | $1.5M | 0.26% | 2 |
| Equiniti Group/Orbit Private 11/25 Cov-Lite TL | 04225VAJ1 | Loan | CORP | United Kingdom | 1,524,369 | principal | $1.5M | 0.26% | 2 |
| Ufinet/Zacapa 10/24 TL | L9901EAG2 | Loan | CORP | United States | 1,522,342 | principal | $1.5M | 0.26% | 2 |
| Groundworks 3/24 Cov-Lite TL | 39954EAB9 | Loan | CORP | United States | 1,515,152 | principal | $1.5M | 0.26% | 2 |
| Ankura 12/24 Cov-Lite TLB | 03539PAJ7 | Loan | CORP | United States | 1,591,599 | principal | $1.5M | 0.26% | 2 |
| Kidde Global 1/26 Cov-Lite TLB | 50221UAE1 | Loan | CORP | United States | 1,498,603 | principal | $1.5M | 0.26% | 2 |
| Carlyle Global Market Strategirestricted | 14319LAA8 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.5M | 0.26% | 2 |
| Trestles CLO LTDrestricted | 89531VAJ1 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.5M | 0.26% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64136FAA7 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.5M | 0.25% | 2 |
| Garnet CLO Ltdrestricted | 36626FAA2 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.5M | 0.25% | 2 |
| Garnet CLO Ltdrestricted | 36626UAA9 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.5M | 0.25% | 2 |
| Trestles CLO LTDrestricted | 89533AAE6 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.5M | 0.25% | 2 |
| Ancestry.com 2/21 Cov-Lite TLB | 03952HAD6 | Loan | CORP | United States | 1,481,113 | principal | $1.5M | 0.25% | 2 |
| Diameter Capital CLOrestricted | 25255TAG0 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.5M | 0.25% | 2 |
| Regatta XII Funding Ltd.restricted | 75888LAQ5 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.5M | 0.25% | 2 |
| SciQuest/Jaggaer 7/25 Cov-Lite TL | 47189BAF6 | Loan | CORP | United States | 1,547,790 | principal | $1.4M | 0.25% | 2 |
| Genuine Fin 1/25 Cov-Lite TLB | 37190DAN3 | Loan | CORP | United States | 1,489,437 | principal | $1.4M | 0.25% | 2 |
| Fertitta Entertainment, LLC TLB 1L | 31556PAB3 | Loan | CORP | United States | 1,434,752 | principal | $1.4M | 0.24% | 2 |
| Air Medical 9/25 TLB | 37956SAB0 | Loan | CORP | United States | 1,418,944 | principal | $1.4M | 0.24% | 2 |
| United Talent 11/25 Cov-Lite TLB | 91301QAP2 | Loan | CORP | United States | 1,407,449 | principal | $1.4M | 0.24% | 2 |
| Garda World 1/26 Cov-Lite TLB | C4000KAH7 | Loan | CORP | Canada | 1,405,749 | principal | $1.4M | 0.24% | 2 |
| Tallgrass Energy 01/26 TLB | 73955HAG9 | Loan | CORP | United States | 1,368,809 | principal | $1.4M | 0.23% | 2 |
| Euro Garages/EG Group 1/26 (USD) Cov-Lite TLB | 28228QAB5 | Loan | CORP | United States | 1,368,443 | principal | $1.4M | 0.23% | 2 |
| Hologic 1/26 (USD) Cov-Lite TLB | 43644ABL2 | Loan | CORP | United States | 1,399,556 | principal | $1.4M | 0.23% | 2 |
| Bausch + Lomb 12/25 Cov-Lite TL | C0787FAL6 | Loan | CORP | Canada | 1,358,114 | principal | $1.4M | 0.23% | 2 |
| Dryden Senior Loan Fundrestricted | 26253PAC7 | ABS | CORP | Cayman Islands | 2,000,000 | principal | $1.3M | 0.23% | 2 |
| Anchorage Capital CLO LTDrestricted | 03331QAN6 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.3M | 0.23% | 2 |
| Bay Club 1/26 Cov-Lite TL | 12021GAH7 | Loan | CORP | United States | 1,331,427 | principal | $1.3M | 0.23% | 2 |
| KKR Financial CLO Ltdrestricted | 49835NAA5 | CDO/CLO | CORP | Cayman Islands | 1,325,000 | principal | $1.3M | 0.23% | 2 |
| Chamberlain/Chariot Buyer 7/25 TLB | 15963CAE6 | Loan | CORP | United States | 1,323,952 | principal | $1.3M | 0.23% | 2 |
| CIFC Funding Ltdrestricted | 12554YAA8 | ABS | CORP | Cayman Islands | 2,500,000 | principal | $1.3M | 0.22% | 2 |
| Flynn Restaurant 1/25 Incremental TL | 34410JAG6 | Loan | CORP | United States | 1,326,918 | principal | $1.3M | 0.22% | 2 |
| Ryan 11/25 Cov-Lite TLB | 78350LBD6 | Loan | CORP | United States | 1,319,194 | principal | $1.3M | 0.22% | 2 |
| Canyon Capital CLO Ltdrestricted | 13876QAG1 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.3M | 0.22% | 2 |
| HERENS US HOLDCO CORP | L4780EAC8 | Loan | CORP | United States | 1,373,544 | principal | $1.3M | 0.22% | 2 |
| Madison Park Funding Ltdrestricted | 55821BAE6 | ABS | CORP | Cayman Islands | 5,949,336 | principal | $1.3M | 0.22% | 2 |
| Infoblox 1/25 TLB | 24780DAJ6 | Loan | CORP | United States | 1,366,652 | principal | $1.3M | 0.22% | 2 |
| South Field Energy 9/25 TLB | 83783XAG1 | Loan | CORP | United States | 1,282,786 | principal | $1.3M | 0.22% | 2 |
| Rad CLO Ltdrestricted | 48662PAA0 | CDO/CLO | CORP | Cayman Islands | 1,300,000 | principal | $1.3M | 0.22% | 2 |
| Avalara 9/25 Cov-Lite TL | 05338KAD9 | Loan | CORP | United States | 1,329,988 | principal | $1.3M | 0.22% | 2 |
| Diameter Capital CLOrestricted | 25255VAG5 | CDO/CLO | CORP | Cayman Islands | 1,250,000 | principal | $1.3M | 0.22% | 2 |
| Achilles/OneDigital Health 1/25 TL | 68277FAN9 | Loan | CORP | United States | 1,307,657 | principal | $1.3M | 0.22% | 2 |
| Benefit Street Partners CLO Ltrestricted | 08182EAC6 | CDO/CLO | CORP | Cayman Islands | 1,288,000 | principal | $1.3M | 0.22% | 2 |
| Hudson River 1/26 TLB | 44413EAK4 | Loan | CORP | United States | 1,267,900 | principal | $1.3M | 0.22% | 2 |
| CIFC Funding Ltdrestricted | 12567YAA3 | ABS | CORP | Cayman Islands | 2,500,000 | principal | $1.3M | 0.21% | 2 |
| Texas Debt Capital CLO, Ltdrestricted | 88240KAE0 | CDO/CLO | CORP | Cayman Islands | 1,250,000 | principal | $1.3M | 0.21% | 2 |
| Birch Grove CLO Ltd.restricted | 09090PAE6 | CDO/CLO | CORP | Cayman Islands | 1,250,000 | principal | $1.3M | 0.21% | 2 |
| Clear Channel 3/24 TLB | 18452RAF2 | Loan | CORP | United States | 1,250,000 | principal | $1.2M | 0.21% | 2 |
| Acrisure 12/24 B6 Cov-Lite TL | 00488PAV7 | Loan | CORP | United States | 1,378,164 | principal | $1.2M | 0.21% | 2 |
| Power Solutions 5/26 (USD) Cov-Lite TLB | C8000CAR4 | Loan | CORP | United States | 1,243,429 | principal | $1.2M | 0.21% | 2 |
| Madison Park Funding Ltdrestricted | 55817FAC7 | ABS | CORP | Cayman Islands | 4,648,815 | principal | $1.2M | 0.21% | 2 |
| Tenneco 11/22 Cov-Lite TLA | 88037HAN4 | Loan | CORP | United States | 1,227,758 | principal | $1.2M | 0.21% | 2 |
| Hanger Orthopedic 10/24 TLB | 41043BAH1 | Loan | CORP | United States | 1,215,301 | principal | $1.2M | 0.21% | 2 |
| Ahead 7/24 TLB3 | 00866HAH8 | Loan | CORP | United States | 1,237,318 | principal | $1.2M | 0.21% | 2 |
| Cable & Wireless 1/25 B7 Cov-Lite TLB | G7739PAN0 | Loan | CORP | United States | 1,253,770 | principal | $1.2M | 0.21% | 2 |
| Southern Veterinary/Mission Pet Health 7/25 TL | 84410HAQ3 | Loan | CORP | United States | 1,213,495 | principal | $1.2M | 0.21% | 2 |
| Catawba Nation Gaming/Two Kings Casino 12/24 TLB | 14907EAD6 | Loan | CORP | United States | 1,207,867 | principal | $1.2M | 0.21% | 2 |
| Amspec Parent 6/25 Cov-Lite TL | 03218AAE9 | Loan | CORP | United States | 1,203,529 | principal | $1.2M | 0.21% | 2 |
| Trace3 10/25 TLB | 89668VAB3 | Loan | CORP | United States | 1,226,005 | principal | $1.2M | 0.21% | 2 |
| GoldenTree Loan Management USrestricted | 38138YAG5 | CDO/CLO | CORP | Jersey | 1,200,000 | principal | $1.2M | 0.20% | 2 |
| PUG/Viagogo/StubHub 3/24 Extended TLB | 74530DAH8 | Loan | CORP | United States | 1,191,320 | principal | $1.2M | 0.20% | 2 |
| Truist Insurance 12/24 Cov-Lite TLB | 89788VAG7 | Loan | CORP | United States | 1,223,713 | principal | $1.2M | 0.20% | 2 |
| Altera/Gryphon 6/25 Cov-Lite TLB | 40054QAB9 | Loan | CORP | United States | 1,192,734 | principal | $1.2M | 0.20% | 2 |
| Madison Park Funding Ltdrestricted | 55821NAA8 | CDO/CLO | CORP | Cayman Islands | 1,500,000 | principal | $1.2M | 0.20% | 2 |
| Belfor 8/25 TLB | 07768YAS1 | Loan | CORP | United States | 1,192,114 | principal | $1.2M | 0.20% | 2 |
| Neuberger Berman CLO Ltdrestricted | 64134CAL2 | CDO/CLO | CORP | Cayman Islands | 1,250,000 | principal | $1.2M | 0.20% | 2 |
| Aimcorestricted | 00901GAC8 | ABS | CORP | Cayman Islands | 2,146,551 | principal | $1.2M | 0.20% | 2 |
| Ascensus 12/24 Cov-Lite TLB | 03836BAH2 | Loan | CORP | United States | 1,197,997 | principal | $1.2M | 0.20% | 2 |
| Barnes Industrial 10/25 Cov-Lite TLB | 08863PAB9 | Loan | CORP | United States | 1,180,312 | principal | $1.2M | 0.20% | 2 |
| R1 RCM 10/24 Cov-Lite TLB | 75419XAC8 | Loan | CORP | United States | 1,170,353 | principal | $1.2M | 0.20% | 2 |
| Ballyrock Ltdrestricted | 05876AAC1 | ABS | CORP | Jersey | 4,200,000 | principal | $1.2M | 0.20% | 2 |
| Forward Air 9/23 Cov-Lite TLB | 18948EAC0 | Loan | CORP | United States | 1,225,472 | principal | $1.2M | 0.20% | 2 |
| RealPage 2/21 Cov-Lite TL | 75605VAD4 | Loan | CORP | United States | 1,230,620 | principal | $1.1M | 0.20% | 2 |
| Eisner Advisory/EisnerAmper 2/24 Cov-Lite TLB | 28259HAG6 | Loan | CORP | United States | 1,164,350 | principal | $1.1M | 0.20% | 2 |
| Baldwin Insurance 9/25 Cov-Lite TLB2 | 05825HAH7 | Loan | CORP | United States | 1,165,222 | principal | $1.1M | 0.19% | 2 |
| CHG Healthcare 4/26 Cov-Lite TLB | 12541HAY9 | Loan | CORP | United States | 1,132,810 | principal | $1.1M | 0.19% | 2 |
| Sword Purchaser/Sealed Air 4/26 (USD) Cov-Lite TLB | 87110SAB8 | Loan | CORP | United States | 1,158,106 | principal | $1.1M | 0.19% | 2 |
| Alera Group 1/26 Cov-Lite TLB | 01451PAE6 | Loan | CORP | United States | 1,184,053 | principal | $1.1M | 0.19% | 2 |
| Kaseya 3/25 Cov-Lite TL | 48578AAB4 | Loan | CORP | United States | 1,448,711 | principal | $1.1M | 0.19% | 2 |
| Carlyle Global Market Strategirestricted | 14316PAC8 | ABS | CORP | Cayman Islands | 2,530,000 | principal | $1.1M | 0.19% | 2 |
| ELEMENT MTRL TECH GP HLDG TL | 284375LE0 | Loan | CORP | United States | 1,097,965 | principal | $1.1M | 0.19% | 2 |
| Thompson Park CLO, LTDrestricted | 884886AC6 | ABS | CORP | Cayman Islands | 4,000,000 | principal | $1.1M | 0.19% | 2 |
| Madison Park Funding Ltdrestricted | 557911AE4 | CDO/CLO | CORP | Cayman Islands | 1,250,000 | principal | $1.1M | 0.19% | 2 |
| Hilex Poly/Novolex 3/25 Cov-Lite TLB | 18972FAE2 | Loan | CORP | United States | 1,125,511 | principal | $1.1M | 0.18% | 2 |
| Planview 12/24 TL | 72751PAJ3 | Loan | CORP | United States | 1,263,578 | principal | $1.1M | 0.18% | 2 |
| Anchorage Capital CLO LTDrestricted | 03330XAC6 | ABS | CORP | Cayman Islands | 3,305,720 | principal | $1.1M | 0.18% | 2 |
| Bettcher Industries/Fortifi Food 3/26 Cov-Lite TL | 59010LAH0 | Loan | CORP | United States | 1,075,327 | principal | $1.1M | 0.18% | 2 |
| Bowlmor AMF/Bowlero/Lucky Strike 9/25 Cov-Lite TLB | 49579GAJ1 | Loan | CORP | United States | 1,240,719 | principal | $1.1M | 0.18% | 2 |
| AMR 5/25 TLB | 02376CBT1 | Loan | CORP | United States | 1,070,713 | principal | $1.1M | 0.18% | 2 |
| OverDrive/RBmedia 6/26 TLB | — | Loan | CORP | United States | 1,065,750 | principal | $1.1M | 0.18% | 2 |
| Asurion 2/26 B14 Cov-Lite TLB | 04649VBF6 | Loan | CORP | United States | 1,128,730 | principal | $1.1M | 0.18% | 2 |
| Transdigm, Inc. 11/23 TLJ | 89364MCA0 | Loan | CORP | United States | 1,063,859 | principal | $1.1M | 0.18% | 2 |
| Storable 3/25 Cov-Lite TLB | 86210LAD0 | Loan | CORP | United States | 1,181,265 | principal | $1.1M | 0.18% | 2 |
| McDermott International/Lummus 7/25 Cov-Lite TLB | 45232UAH1 | Loan | CORP | United States | 1,063,555 | principal | $1M | 0.18% | 2 |
| Cube Industrials/Circor 10/25 Cov-Lite TLB | 22971EAD0 | Loan | CORP | United States | 1,040,717 | principal | $1M | 0.18% | 2 |
| DISCOVERY PURCHASER CORPORATION TL 1L | 25471NAC0 | Loan | CORP | United States | 1,033,492 | principal | $1M | 0.18% | 2 |
| FNZ Group 11/24 (USD) TLB | 30339HAD3 | Loan | CORP | United States | 1,301,515 | principal | $1M | 0.18% | 2 |
| Project Alpha (Qlik) 11/24 Cov-Lite TLB | 74339DAN8 | Loan | CORP | United States | 1,422,100 | principal | $1M | 0.17% | 2 |
| Rackspace Hosting 3/24 FLFO New SuperPriority TLB | 75008UAC1 | Loan | CORP | United States | 992,405 | principal | $1M | 0.17% | 2 |
| AmaWaterways 4/24 TLB | 50180PAB7 | Loan | CORP | United States | 1,014,571 | principal | $1M | 0.17% | 2 |
| Precision Medicine 8/25 Cov-Lite TLB | 74028HAG0 | Loan | CORP | United States | 1,015,285 | principal | $1M | 0.17% | 2 |
| Apidos CLOrestricted | 03768TAC6 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $1,000K | 0.17% | 2 |
| 19TH HOLDINGS GOLF LLC | 68250XAB7 | Loan | CORP | United States | 992,248 | principal | $994K | 0.17% | 2 |
| WestJet Airlines 1/24 TLB | C9763HAB3 | Loan | CORP | China | 1,025,942 | principal | $993K | 0.17% | 2 |
| American Axle 2/25 Incremental TLC | 02406MBB2 | Loan | CORP | United States | 992,487 | principal | $992K | 0.17% | 2 |
| Dryden Senior Loan Fundrestricted | 26246HAE1 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $992K | 0.17% | 2 |
| CBAMR Ltdrestricted | 12478FAG9 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $990K | 0.17% | 2 |
| Osmose Utilities 6/21 Cov-Lite TL | 68835HAH3 | Loan | CORP | United States | 991,443 | principal | $985K | 0.17% | 2 |
| CIFC Funding Ltdrestricted | 12555GAG3 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $984K | 0.17% | 2 |
| Anchorage Capital CLO LTDrestricted | 032915AA8 | CDO/CLO | CORP | Cayman Islands | 975,000 | principal | $979K | 0.17% | 2 |
| COVETRUS INC | 22304EAC0 | Loan | CORP | United States | 1,007,539 | principal | $975K | 0.17% | 2 |
| Arsenal WGH/WCG 1/26 Cov-Lite TLB | 23343FAG9 | Loan | CORP | United States | 975,489 | principal | $968K | 0.17% | 2 |
| LA Fitness 1/24 TLB | 33818XAM2 | Loan | CORP | United States | 967,451 | principal | $966K | 0.17% | 2 |
| Oak Hill Creditrestricted | 67113NAE2 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $966K | 0.17% | 2 |
| Shackleton CLO LTDrestricted | 81880YAJ9 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $965K | 0.16% | 2 |
| Oak Hill Creditrestricted | 67114DAE3 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $961K | 0.16% | 2 |
| CORELOGIC INC | 21870FBA6 | Loan | CORP | United States | 972,563 | principal | $960K | 0.16% | 2 |
| Sabert 5/26 TLB | 78516EAE2 | Loan | CORP | United States | 952,978 | principal | $956K | 0.16% | 2 |
| Icebox Holdco III Inc (DiversiTech Holdings) TL B | 45114NAB3 | Loan | CORP | United States | 952,940 | principal | $955K | 0.16% | 2 |
| Univision 5/24 TLB | 914908BG2 | Loan | CORP | United States | 959,040 | principal | $952K | 0.16% | 2 |
| Electronic Arts 3/26 TLB1 | 67123SAB5 | Loan | CORP | United States | 948,067 | principal | $950K | 0.16% | 2 |
| Genesys 1/25 (USD) TL | 39479UAY9 | Loan | CORP | United States | 987,812 | principal | $944K | 0.16% | 2 |
| ARES CLO Ltdrestricted | 04016NBT9 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $944K | 0.16% | 2 |
| Galaxy CLO Ltdrestricted | 36321FAC6 | ABS | CORP | Cayman Islands | 2,000,000 | principal | $940K | 0.16% | 2 |
| Regatta XXIV Funding Ltd.restricted | 75889TAE4 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $935K | 0.16% | 2 |
| Symphony CLO Ltdrestricted | 87167CAW9 | CDO/CLO | CORP | Cayman Islands | 1,000,000 | principal | $928K | 0.16% | 2 |
| Hobbs & Associates/Air Control Concepts 7/24 TLB | 43385CAB4 | Loan | CORP | United States | 922,965 | principal | $921K | 0.16% | 2 |
| ABRA Auto Body/Caliber Collision 1/25 Cov-Lite TLB | 93369PAM6 | Loan | CORP | United States | 906,774 | principal | $905K | 0.15% | 2 |
| Madison Park Funding Ltdrestricted | 55820EAE1 | ABS | CORP | Cayman Islands | 4,330,700 | principal | $899K | 0.15% | 2 |
| Ultimate Software 1/24 Cov-Lite TLB | 89841EAB1 | Loan | CORP | United Kingdom | 954,766 | principal | $897K | 0.15% | 2 |
| Allwyn 11/25 Cov-Lite TLB | 02008EAE7 | Loan | CORP | United States | 897,615 | principal | $885K | 0.15% | 2 |
| Culligan 6/26 (USD) Cov-Lite TLB | — | Loan | CORP | United States | 877,500 | principal | $877K | 0.15% | 2 |
| Fairbanks Morse 9/25 TL | 03960DAJ2 | Loan | CORP | United States | 858,539 | principal | $861K | 0.15% | 2 |
| Carlyle Global Market Strategirestricted | 14320DAA3 | CDO/CLO | CORP | Cayman Islands | 845,000 | principal | $859K | 0.15% | 2 |
| ARES CLO Ltdrestricted | 04018GAC0 | ABS | CORP | Cayman Islands | 3,500,000 | principal | $858K | 0.15% | 2 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jun 30, 2026 | Aug 28, 2026 | 505 | 100.0% | $585M | full |
| Mar 31, 2026 | May 28, 2026 | 509 | 100.0% | $580M | full |
| Dec 31, 2025 | Feb 26, 2026 | 536 | 100.0% | $674M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
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.