XA Investments will launch the XAI Interval Fund Credit Index™ in Q1 2026 to enhance transparency in credit fund performance.
Quiver AI Summary
XA Investments LLC announced plans to launch the XAI Interval Fund Credit Index™ (INTVL-C) in Q1 2026, expanding its XAI Interval Fund Index™ suite. This new sub-index will track the performance of credit interval and tender offer funds, providing asset managers with enhanced transparency and performance metrics for improved investment decisions and risk assessments. The INTVL-C will facilitate better comparisons among funds with similar profiles and will include a concentrated group of leading funds in the interval marketplace. Currently, the index will consist of 54 constituents and focus on credit strategies such as direct lending and structured credit. Overall, the launch aims to support more meaningful evaluations within the credit fund sector.
Potential Positives
- XAI Investments LLC is expanding its XAI Interval Fund Index™ suite with the launch of the XAI Interval Fund Credit Index™ (INTVL-C), enhancing its product offerings and positioning in the market.
- INTVL-C aims to provide greater transparency and insightful performance metrics for fund managers, which can lead to improved investment decisions and risk assessment within the credit fund segment.
- The index will include over 50 credit interval and tender offer funds, comprising leading market participants, thereby enhancing credibility and attractiveness for asset managers and investors.
- Calculating INTVL-C on a total return basis allows fund managers to benchmark performance effectively against industry peers, fostering competitive differentiation and potentially driving asset inflows into the indexed funds.
Potential Negatives
- The press release does not provide any detailed information on how the new INTVL-C sub-index will differentiate itself from existing benchmarks, which may lead to skepticism about its added value.
- There is no data or historical performance shared for the new sub-index, which may cause uncertainty among potential investors or clients regarding its reliability.
- The announcement may highlight XA Investments' reliance on the performance of a concentrated group of leading funds, which could raise concerns about over-dependence on specific market players.
FAQ
What is the XAI Interval Fund Credit Index™ (INTVL-C)?
The INTVL-C is a sub-index tracking credit interval and tender offer funds, launching in Q1 2026.
How does INTVL-C benefit fund managers?
It provides valuable performance metrics for better investment decisions and risk assessment in credit funds.
What type of funds does the INTVL-C index track?
It tracks alternative credit non-listed closed-end interval and tender offer funds with majority allocations to credit strategies.
Who are the top managers represented in INTVL-C?
Top managers include Cliffwater, CION, Carlyle, PIMCO, Lord Abbett, and other market leaders.
How can I get more information about XAI indexes?
For inquiries, contact [email protected] or call 888-903-3358 for licensing or information about XAI's indexes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
CHICAGO, Dec. 29, 2025 (GLOBE NEWSWIRE) -- XA Investments LLC (“XAI”), a leader in closed-end interval and tender offer fund research, announced it plans to expand the XAI Interval Fund Index™ (“INTVL”) suite with its first sub-index. Expected to launch in Q1 2026, the XAI Interval Fund Credit Index™ (“INTVL-C”) will track the performance of credit interval and tender offer funds.
The sub-index will offer asset managers greater transparency with a more comprehensive look at category constituents that have not been offered before. INTVL-C will provide fund sponsors with valuable performance metrics to improve investment decisions and risk assessment in credit funds, while enabling better fund comparisons through a dedicated benchmark.
“INTVL-C is instrumental in helping fund managers benchmark credit interval funds against a universe of similar peers,” stated Kimberly Flynn, President of XA Investments. “Calculated on a total return basis, the sub-index provides fund managers a direct way to compare their funds against the most comprehensive interval fund credit index of over 50 credit interval and tender offer funds.”
The sub-index factors in credit-centric elements such as distribution reinvestments, and calculations on a net total return basis. Its structure will ensure fair performance comparisons among funds with similar investment profiles and operational constraints, supporting more meaningful evaluation and informed decision-making.
The constituents that comprise INTVL-C represent a concentrated group of market leaders within the interval fund marketplace, capturing the funds that have emerged as primary drivers of performance within the segment. The top 10 leaders include funds from managers such as Cliffwater, CION, Carlyle, PIMCO, Lord Abbett, Variant, Stone Ridge, Apollo and Federated Hermes.
The XAI Interval Fund Credit Index™ (INTVL-C), a total return sub-index of the XAI Interval Fund Index™, tracks the performance of alternative credit non-listed closed-end interval and tender offer funds registered under the Investment Company Act of 1940 with majority allocations to credit strategies, including direct lending, multi-strategy, asset-backed lending, and structured credit, and currently consists of 54 constituents. The XAI Interval Fund Index™, also a total return index, measures the broader interval and tender offer fund universe with more than $100 million in net assets, offering diversified exposure across seven asset classes—credit, real estate/real assets, hedge funds, specialty, multi-asset, tax-free bonds, and venture/private equity—and currently consists of 93 constituents. Both indexes include interval and tender offer funds with daily or weekly net asset values that meet minimum asset thresholds, are calculated daily, rebalanced quarterly, and are maintained by Indxx, Inc. as the index calculation agent.
If you would like to license INTVL, INTVL-C, or have any questions, please contact [email protected] or 888-903-3358. The XAI Interval Fund Index™ is available on Bloomberg under the ticker INTVL. About XA Investments
XA Investments LLC (“XAI”) is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund, respectively the XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT), the XAI Madison Equity Premium Income Fund (NYSE: MCN), and the Octagon XAI CLO Income Fund (OCTIX). In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including product development and market research, marketing and fund management. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. For more information, please visit www.xainvestments.com .
Media Contact:
Joanna Sowa
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