Blackstone Strategic Credit 2027 Term Fund Shs of Benef Interest
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$12.84
$594 M
0.00%
2.78%
Vitals
YTD Return
1.4%
1 yr return
3.5%
3 Yr Avg Return
-4.3%
5 Yr Avg Return
-3.0%
Net Assets
$594 M
Holdings in Top 10
8.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.78%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 101.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$12.84
$594 M
0.00%
2.78%
XBGBX - Profile
Distributions
- YTD Total Return 1.4%
- 3 Yr Annualized Total Return -4.3%
- 5 Yr Annualized Total Return -3.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 6.36%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackstone Strategic Credit 2027 Term Fund Shs of Benef Interest
-
Fund Family NameBlackstone Group LP
-
Inception DateSep 25, 2012
-
Shares Outstanding44664382
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerGordon McKemie
Fund Description
XBGBX - Performance
Return Ranking - Trailing
Period | XBGBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -3.5% | 10.0% | 95.13% |
1 Yr | 3.5% | -3.4% | 14.8% | 95.13% |
3 Yr | -4.3%* | -7.1% | 8.3% | 98.45% |
5 Yr | -3.0%* | -6.4% | 38.1% | 98.74% |
10 Yr | 0.0%* | -2.2% | 19.6% | 98.91% |
* Annualized
Return Ranking - Calendar
Period | XBGBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.8% | -12.0% | 11.1% | 5.99% |
2022 | -16.4% | -22.9% | 5.1% | 97.69% |
2021 | 1.8% | -12.2% | 11.1% | 22.83% |
2020 | -7.0% | -14.1% | 289.8% | 92.21% |
2019 | -0.3% | -8.1% | 7.5% | 91.14% |
Total Return Ranking - Trailing
Period | XBGBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -3.5% | 10.0% | 95.13% |
1 Yr | 3.5% | -3.4% | 14.8% | 95.13% |
3 Yr | -4.3%* | -7.1% | 8.3% | 98.45% |
5 Yr | -3.0%* | -6.4% | 38.1% | 98.74% |
10 Yr | 0.0%* | -2.2% | 19.6% | 98.91% |
* Annualized
Total Return Ranking - Calendar
Period | XBGBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.8% | -12.0% | 22.1% | 96.25% |
2022 | -16.4% | -22.9% | 5.1% | 99.23% |
2021 | 1.8% | -10.2% | 11.1% | 95.67% |
2020 | -7.0% | -14.1% | 306.9% | 97.95% |
2019 | 3.2% | -3.6% | 10.5% | 97.05% |
NAV & Total Return History
XBGBX - Holdings
Concentration Analysis
XBGBX | Category Low | Category High | XBGBX % Rank | |
---|---|---|---|---|
Net Assets | 594 M | 29.9 M | 13.5 B | 51.34% |
Number of Holdings | 493 | 2 | 1977 | 19.31% |
Net Assets in Top 10 | 82.8 M | -191 M | 2.37 B | 56.76% |
Weighting of Top 10 | 8.47% | 5.2% | 100.7% | 87.60% |
Top 10 Holdings
- Gigamon, Inc., First Lien Initial 1.37%
- Gigamon, Inc., First Lien Initial 1.37%
- Gigamon, Inc., First Lien Initial 1.37%
- Gigamon, Inc., First Lien Initial 1.37%
- Gigamon, Inc., First Lien Initial 1.37%
- Gigamon, Inc., First Lien Initial 1.37%
- Gigamon, Inc., First Lien Initial 1.37%
- Gigamon, Inc., First Lien Initial 1.37%
- Gigamon, Inc., First Lien Initial 1.37%
- Gigamon, Inc., First Lien Initial 1.37%
Asset Allocation
Weighting | Return Low | Return High | XBGBX % Rank | |
---|---|---|---|---|
Bonds | 99.33% | 0.00% | 161.82% | 14.29% |
Stocks | 0.68% | 0.00% | 100.74% | 56.76% |
Convertible Bonds | 0.33% | 0.00% | 5.51% | 11.28% |
Other | 0.21% | -52.39% | 34.87% | 35.91% |
Preferred Stocks | 0.00% | -3.99% | 7.30% | 96.91% |
Cash | -0.56% | -61.90% | 16.36% | 99.61% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XBGBX % Rank | |
---|---|---|---|---|
Corporate | 99.76% | 0.00% | 99.80% | 1.95% |
Government | 0.15% | 0.00% | 3.18% | 6.23% |
Cash & Equivalents | 0.10% | 0.00% | 25.03% | 80.69% |
Derivative | 0.00% | -10.96% | 0.59% | 89.96% |
Securitized | 0.00% | 0.00% | 91.68% | 94.16% |
Municipal | 0.00% | 0.00% | 0.47% | 94.55% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XBGBX % Rank | |
---|---|---|---|---|
US | 92.95% | 0.00% | 123.41% | 49.03% |
Non US | 6.38% | 0.00% | 63.23% | 32.43% |
XBGBX - Expenses
Operational Fees
XBGBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.78% | 0.03% | 5.51% | 7.89% |
Management Fee | 0.90% | 0.00% | 1.89% | 88.72% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.02% | 0.27% | 88.89% |
Sales Fees
XBGBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
XBGBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XBGBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 101.00% | 4.00% | 180.00% | 88.93% |
XBGBX - Distributions
Dividend Yield Analysis
XBGBX | Category Low | Category High | XBGBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 11.13% | 99.63% |
Dividend Distribution Analysis
XBGBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
XBGBX | Category Low | Category High | XBGBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.36% | 1.77% | 9.82% | 1.57% |
Capital Gain Distribution Analysis
XBGBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 20, 2019 | $0.114 | OrdinaryDividend |
May 22, 2019 | $0.109 | OrdinaryDividend |
Apr 22, 2019 | $0.109 | OrdinaryDividend |
Mar 21, 2019 | $0.109 | OrdinaryDividend |
Feb 20, 2019 | $0.110 | OrdinaryDividend |
Dec 28, 2018 | $0.236 | ExtraDividend |
Dec 28, 2018 | $0.110 | OrdinaryDividend |
Dec 20, 2018 | $0.110 | OrdinaryDividend |
Nov 21, 2018 | $0.105 | OrdinaryDividend |
Oct 23, 2018 | $0.105 | OrdinaryDividend |
Sep 20, 2018 | $0.105 | OrdinaryDividend |
Aug 23, 2018 | $0.105 | OrdinaryDividend |
Jul 23, 2018 | $0.105 | OrdinaryDividend |
Jun 21, 2018 | $0.105 | OrdinaryDividend |
May 22, 2018 | $0.105 | OrdinaryDividend |
Apr 20, 2018 | $0.105 | OrdinaryDividend |
Mar 21, 2018 | $0.105 | OrdinaryDividend |
Feb 20, 2018 | $0.105 | OrdinaryDividend |
Dec 28, 2017 | $0.105 | OrdinaryDividend |
Dec 20, 2017 | $0.105 | OrdinaryDividend |
Nov 21, 2017 | $0.105 | OrdinaryDividend |
Oct 23, 2017 | $0.105 | OrdinaryDividend |
Sep 21, 2017 | $0.105 | OrdinaryDividend |
Aug 22, 2017 | $0.105 | OrdinaryDividend |
Jul 20, 2017 | $0.105 | OrdinaryDividend |
Jun 21, 2017 | $0.105 | OrdinaryDividend |
May 19, 2017 | $0.105 | OrdinaryDividend |
Apr 19, 2017 | $0.105 | OrdinaryDividend |
Mar 22, 2017 | $0.105 | OrdinaryDividend |
Feb 16, 2017 | $0.105 | OrdinaryDividend |
Dec 28, 2016 | $0.084 | ExtraDividend |
Dec 28, 2016 | $0.105 | OrdinaryDividend |
Dec 20, 2016 | $0.105 | OrdinaryDividend |
Nov 18, 2016 | $0.105 | OrdinaryDividend |
Oct 20, 2016 | $0.105 | OrdinaryDividend |
Sep 21, 2016 | $0.105 | OrdinaryDividend |
Aug 22, 2016 | $0.105 | OrdinaryDividend |
Jul 20, 2016 | $0.105 | OrdinaryDividend |
Jun 21, 2016 | $0.105 | OrdinaryDividend |
May 19, 2016 | $0.105 | OrdinaryDividend |
Apr 20, 2016 | $0.105 | OrdinaryDividend |
Mar 21, 2016 | $0.105 | OrdinaryDividend |
Feb 18, 2016 | $0.105 | OrdinaryDividend |
Dec 29, 2015 | $0.105 | OrdinaryDividend |
Dec 21, 2015 | $0.105 | OrdinaryDividend |
Nov 18, 2015 | $0.105 | OrdinaryDividend |
Oct 21, 2015 | $0.105 | OrdinaryDividend |
Sep 21, 2015 | $0.105 | OrdinaryDividend |
Aug 20, 2015 | $0.105 | OrdinaryDividend |
Jul 22, 2015 | $0.105 | OrdinaryDividend |
Jun 19, 2015 | $0.105 | OrdinaryDividend |
May 19, 2015 | $0.105 | OrdinaryDividend |
Apr 21, 2015 | $0.105 | OrdinaryDividend |
Mar 20, 2015 | $0.105 | OrdinaryDividend |
Feb 18, 2015 | $0.105 | OrdinaryDividend |
Jan 21, 2015 | $0.105 | OrdinaryDividend |
Dec 19, 2014 | $0.105 | OrdinaryDividend |
Nov 18, 2014 | $0.105 | OrdinaryDividend |
Oct 22, 2014 | $0.105 | OrdinaryDividend |
Sep 19, 2014 | $0.105 | OrdinaryDividend |
Aug 20, 2014 | $0.105 | OrdinaryDividend |
Jul 22, 2014 | $0.105 | OrdinaryDividend |
Jun 19, 2014 | $0.105 | OrdinaryDividend |
May 20, 2014 | $0.105 | OrdinaryDividend |
Apr 21, 2014 | $0.105 | OrdinaryDividend |
Mar 20, 2014 | $0.105 | OrdinaryDividend |
Feb 19, 2014 | $0.117 | OrdinaryDividend |
Jan 22, 2014 | $0.117 | OrdinaryDividend |
Dec 19, 2013 | $0.117 | OrdinaryDividend |
Nov 14, 2013 | $0.117 | OrdinaryDividend |
Oct 16, 2013 | $0.117 | OrdinaryDividend |
Sep 18, 2013 | $0.117 | OrdinaryDividend |
Aug 15, 2013 | $0.117 | OrdinaryDividend |
Jul 16, 2013 | $0.117 | OrdinaryDividend |
Jun 13, 2013 | $0.117 | OrdinaryDividend |
May 15, 2013 | $0.117 | OrdinaryDividend |
Apr 17, 2013 | $0.117 | OrdinaryDividend |
Mar 14, 2013 | $0.117 | OrdinaryDividend |
Feb 13, 2013 | $0.117 | OrdinaryDividend |
Jan 16, 2013 | $0.117 | OrdinaryDividend |
Dec 14, 2012 | $0.117 | OrdinaryDividend |
Nov 15, 2012 | $0.117 | OrdinaryDividend |
XBGBX - Fund Manager Analysis
Managers
Gordon McKemie
Start Date
Tenure
Tenure Rank
Apr 01, 2015
7.17
7.2%
Gordon McKemie is a Principal of The Blackstone Group L.P. and a portfolio manager for CCS. Mr. McKemie is also responsible for the evaluation and ongoing analysis of primary and secondary fixed income investments across multiple industries. Prior to joining GSO, Mr. McKemie was an Associate in Leveraged Finance at Citigroup and an Assistant Vice President in high yield research at Barclays Capital. He began his career at Lehman Brothers. Mr. McKemie received a B.B.A. from Goizueta Business School at Emory University. Mr. McKemie has earned the right to use the Chartered Financial Analyst designation.
Robert Zable
Start Date
Tenure
Tenure Rank
Sep 30, 2015
6.67
6.7%
Robert Zable is a Senior Managing Director of The Blackstone Group L.P., Senior Portfolio Manager for CCS’s U.S. CLOs, high yield separately managed accounts, and closed-end funds and Lead Portfolio Manager of the Fund. Mr. Zable serves as a member of CCS’s U.S. Syndicated Credit Investment Committee and Global Structured Credit Investment Committee. Before joining GSO in 2007, Mr. Zable was a Vice President at FriedbergMilstein LLC, where he was responsible for credit opportunity investments and junior capital origination and execution. Prior to that, Mr. Zable was a Principal with Abacus Advisors Group, a boutique restructuring and distressed investment firm. Mr. Zable began his career at JP Morgan Securities Inc., where he focused on leveraged finance in New York and London. Mr. Zable received B.S. from Cornell University and an M.B.A. in Finance from The Wharton School at the University of Pennsylvania.
Robert Post
Start Date
Tenure
Tenure Rank
Mar 21, 2022
0.19
0.2%
Robert Post is a Vice President of The Blackstone Group L.P. and a portfolio manager for CCS. Prior to joining GSO in 2017, Mr. Post was a Junior Portfolio Manager at BlackRock, where his responsibilities included various leveraged loan and high yield mandates. Previously, Mr. Post was an Analyst at BMO Capital Markets, where he was involved with the ongoing monitoring and structuring of leveraged finance transactions. Mr. Post began his career at MetLife Investments as a credit analyst focused on corporate bonds. Mr. Post received a B.A. in Economics with a concentration in Financial Markets from Colby College.
Daniel McMullen
Start Date
Tenure
Tenure Rank
Mar 21, 2022
0.19
0.2%
Daniel T. McMullen is a Senior Managing Director and Senior Portfolio Manager with GSO Capital Partners LP (“GSO”), and serves as lead Portfolio Manager of the Portfolio. Since joining Blackstone in 2002, Mr. McMullen's responsibilities have included the coordination of the group's capital markets activities for broadly distributed transactions. Mr. McMullen serves as the group's senior representative for a number of financial intermediaries. Before joining Blackstone, Mr. McMullen worked at CIBC World Markets, most recently as a Director and Senior Investment Analyst for the structured investment vehicles managed by Trimaran Advisors, L. L. C. Prior to that, Mr. McMullen was a Director in the Investment Banking Group at CIBC, specializing in the aerospace and defense industries. Before joining CIBC in 1996, Mr. McMullen was employed at The Chase Manhattan Bank where he worked in the Corporate Finance Healthcare Group. Mr. McMullen has earned the right to use the Chartered Financial Analyst designation and received a BA from the University of Rochester where he graduated cum laude.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 21.18 | 6.07 | 3.25 |