Blackstone Strategic Credit Fund

Frequently Asked Questions About BGB

What does BGB invest in?

Blackstone Strategic Credit 2027 Term Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities. The fund employs fundamental analysis using a research-driven credit analysis approach while focusing on factors like companies which offer attractive risk / return characteristics to create its portfolio. It benchmarks the performance of its portfolio against a composite index comprised of 75% S&P/LSTA Leveraged Loan Index and 25% Barclays US High Yield Index. Blackstone Strategic Credit 2027 Term Fund was formed on September 26, 2012 and is domiciled in United States.

What is the expense ratio of BGB?

An expense ratio for Blackstone Strategic Credit Fund (BGB) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

What is BGB's dividend yield?

BGB's trailing-twelve-month yield is 8.39%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BGB?

Effective duration measures BGB's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BGB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BGB?

BGB's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BGB?

Yield to maturity (YTM) is the total return you'd earn from BGB if every bond in the portfolio is held to maturity at the current price. BGB's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.