XFLT underperforms; investors consider MCI as reliable income alternative
XFLT’s 15.3% yield attracts income-focused investors, but the fund has delivered only 0.57% annualized returns since 2017 and carries a 7.56% expense ratio. With a 22% NAV discount and an upcoming July 30 governance vote, risk rises on management changes. By contrast, Barings Corporate Investors (MCI) offers about 9.5% yield and roughly 10% annualized return over five years, making it a compelling alternative amid ongoing XFLT uncertainty.
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