XFLT CEF — XAI Octagon Floating Rate & Alternative Income Term Trust

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT)

Updated November 6, 2026.

XFLT is a CEF. Its distribution rate is 16.65%, its trailing-12-month yield is 19.57%. Dividend Vision Distribution Safety Score™ is 23/100 (Elevated risk). Total return is -9.0% over the past 9.1 years, 240.3 points behind SPY at 231.3%.

XFLT performance versus SPY

As of Nov 5, 2026

Total return is -9.0% over the past 9.1 years, 240.3 points behind SPY at 231.3%. Over the past year its total return — price change plus distributions reinvested — is -23.8%. Its deepest 1-year drawdown was 33.4%.

XFLT key facts

Distribution Safety Score™

23 · Elevated risk

Safety-Adjusted Yield

3.83%

Issuer

XA Investments

Asset type

CEF

Asset class

Fixed Income

Distribution rate

16.65%

Distribution frequency

Monthly

Trailing yield

19.57%

5-year average yield

14.44

Last close

$16.22 (as of 2026-11-06)

NAV

N/A

Premium / discount

Premium not shown · NAV date unknown

Market cap

$254,355,776

Average volume

35,360

Dividend

$0.225

Ex-dividend date

11/16/2026

Payment date

12/01/2026

Expense ratio and AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (16.65%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (19.57%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: XA Investments or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

XFLT risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 33.4%.

Who may consider XFLT — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on XFLT

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Tagged: Floating Rate, Credit, CLO, CEF.

Frequently asked questions

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