XBGBX: Blackstone Strategic Credit Fund - MutualFunds.com
Continue to site >
Trending ETFs

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Blackstone/GSO Strategic Credit

XBGBX - Snapshot

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $657 M
  • Holdings in Top 10 8.1%

52 WEEK LOW AND HIGH

$14.63
$13.41
$14.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 77.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Closed-end mutual fund
  • Investment Style Bank Loan

Compare XBGBX to Popular Bank Loan Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$9.40

-0.11%

$9.05 B

2.94%

$0.28

1.51%

0.73%

$10.53

0.00%

$7.09 B

3.77%

$0.40

1.06%

1.35%

$8.79

0.00%

$6.94 B

3.09%

$0.27

0.80%

0.82%

$22.00

-0.14%

$6.81 B

3.21%

$0.71

-1.26%

0.65%

$8.40

0.00%

$6.41 B

3.74%

$0.31

1.20%

0.60%

XBGBX - Profile

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 7.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Blackstone Strategic Credit Fund
  • Fund Family Name
    Blackstone Group LP
  • Inception Date
    Sep 26, 2012
  • Shares Outstanding
    44664382
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gordon McKemie

Fund Description

N/A


XBGBX - Performance

Return Ranking - Trailing

Period XBGBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -2.0% 10.5% 15.26%
1 Yr 20.5% 2.1% 54.6% 9.84%
3 Yr 4.1%* -0.8% 5.9% 18.93%
5 Yr 6.5%* 1.5% 8.6% 2.31%
10 Yr N/A* 1.8% 6.6% N/A

* Annualized

Return Ranking - Calendar

Period XBGBX Return Category Return Low Category Return High Rank in Category (%)
2020 -7.0% -16.5% 289.8% 88.93%
2019 -0.3% -8.1% 7.5% 91.51%
2018 -9.4% -12.2% 5.5% 99.22%
2017 0.6% -4.2% 3.7% 10.26%
2016 10.5% -65.0% 12.9% 1.82%

Total Return Ranking - Trailing

Period XBGBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -2.0% 10.5% 15.26%
1 Yr 20.5% 1.1% 54.6% 14.11%
3 Yr 4.1%* -1.3% 10.2% 22.71%
5 Yr 6.5%* 1.5% 8.6% 7.74%
10 Yr N/A* 1.8% 6.6% N/A

* Annualized

Total Return Ranking - Calendar

Period XBGBX Return Category Return Low Category Return High Rank in Category (%)
2020 -7.0% -16.5% 289.8% 88.93%
2019 -0.3% -8.1% 7.5% 92.99%
2018 -9.4% -12.2% 5.5% 99.22%
2017 0.6% -4.2% 7.2% 19.66%
2016 10.5% -65.0% 12.9% 2.73%

NAV & Total Return History


XBGBX - Holdings

Concentration Analysis

XBGBX Category Low Category High XBGBX % Rank
Net Assets 657 M 10 M 9.05 B 55.88%
Number of Holdings 339 12 1358 46.69%
Net Assets in Top 10 82.7 M -171 M 2.09 B 47.29%
Weighting of Top 10 8.05% 5.2% 94.1% 83.08%

Top 10 Holdings

  1. Gigamon, Inc., First Lien Initial 1.37%
  2. Gigamon, Inc., First Lien Initial 1.37%
  3. Gigamon, Inc., First Lien Initial 1.37%
  4. Gigamon, Inc., First Lien Initial 1.37%
  5. Gigamon, Inc., First Lien Initial 1.37%
  6. Gigamon, Inc., First Lien Initial 1.37%
  7. Gigamon, Inc., First Lien Initial 1.37%
  8. Gigamon, Inc., First Lien Initial 1.37%
  9. Gigamon, Inc., First Lien Initial 1.37%
  10. Gigamon, Inc., First Lien Initial 1.37%

Asset Allocation

Weighting Return Low Return High XBGBX % Rank
Bonds
98.90% 43.06% 172.61% 16.57%
Stocks
1.23% 0.00% 15.04% 23.49%
Convertible Bonds
0.43% 0.00% 3.77% 13.25%
Other
0.09% -54.12% 14.38% 50.00%
Preferred Stocks
0.00% 0.00% 26.72% 82.53%
Cash
-0.65% -72.73% 55.70% 96.99%

Stock Sector Breakdown

Weighting Return Low Return High XBGBX % Rank
Utilities
0.00% 0.00% 100.00% 77.78%
Technology
0.00% 0.00% 100.00% 77.78%
Real Estate
0.00% 0.00% 27.25% 3.70%
Industrials
0.00% 0.00% 100.00% 66.67%
Healthcare
0.00% 0.00% 99.69% 70.37%
Financial Services
0.00% 0.00% 100.00% 66.67%
Energy
0.00% 0.00% 100.00% 14.81%
Communication Services
0.00% 0.00% 99.96% 85.19%
Consumer Defense
0.00% 0.00% 33.89% 70.37%
Consumer Cyclical
0.00% 0.00% 73.51% 25.93%
Basic Materials
0.00% 0.00% 27.85% 70.37%

Stock Geographic Breakdown

Weighting Return Low Return High XBGBX % Rank
US
0.69% -0.01% 15.33% 33.13%
Non US
0.54% -0.29% 2.76% 1.51%

Bond Sector Breakdown

Weighting Return Low Return High XBGBX % Rank
Corporate
100.00% 0.00% 100.00% 0.91%
Derivative
0.00% 0.00% 8.76% 77.34%
Cash & Equivalents
0.00% 0.00% 58.10% 96.07%
Securitized
0.00% 0.00% 100.00% 85.20%
Municipal
0.00% 0.00% 0.56% 75.23%
Government
0.00% 0.00% 5.93% 74.62%

Bond Geographic Breakdown

Weighting Return Low Return High XBGBX % Rank
US
92.69% 3.54% 128.54% 9.34%
Non US
6.21% 0.00% 128.52% 89.46%

XBGBX - Expenses

Operational Fees

XBGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.02% 7.50% 7.51%
Management Fee 1.00% 0.00% 2.40% 91.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.03% 0.40% 81.90%

Sales Fees

XBGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% 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 77.00% 8.00% 412.00% 70.97%

XBGBX - Distributions

Dividend Yield Analysis

XBGBX Category Low Category High XBGBX % Rank
Dividend Yield 0.00% 0.00% 4.58% 71.64%

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 7.90% 1.57% 10.93% 1.40%

Capital Gain Distribution Analysis

XBGBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

XBGBX - Fund Manager Analysis

Managers

Gordon McKemie


Start Date

Tenure

Tenure Rank

Apr 01, 2015

6.25

6.3%

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

5.75

5.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 22.68 5.96 2.33