XA Investments Launches Interval Fund Index Providing Greater Transparency to the Marketplace
XA Investments has launched the XAI Interval Fund Index (INTVL), the first-ever index tracking the interval and tender offer fund market. The total return index monitors funds registered under the Investment Company Act of 1940 with assets exceeding $100 million.
As of March 2025, the Index includes 77 constituents representing over $103 billion in total net assets, approximately 60% of the entire interval and tender offer fund market. INTVL features funds across seven asset classes: credit, real estate/real assets, hedge funds, specialty, multi-asset, tax-free bonds, and venture/private equity.
The Index, which has a January 2023 base date with two years of historical performance, is calculated daily and rebalanced quarterly. Indxx, Inc. serves as the index calculation agent. The index is available on Bloomberg under the ticker INTVL.
XA Investments ha lanciato il XAI Interval Fund Index (INTVL), il primo indice mai realizzato per tracciare il mercato dei fondi a intervallo e delle offerte di acquisto. L'indice di rendimento totale monitora i fondi registrati ai sensi dell'Investment Company Act del 1940 con attivi superiori a $100 milioni.
Ad marzo 2025, l'indice include 77 componenti che rappresentano oltre $103 miliardi in attivi netti totali, circa il 60% dell'intero mercato dei fondi a intervallo e delle offerte di acquisto. L'INTVL comprende fondi in sette classi di attivi: credito, immobili/attivi reali, fondi hedge, specializzati, multi-asset, obbligazioni esenti da tasse e capitale di rischio/private equity.
L'indice, che ha una data base di gennaio 2023 con due anni di performance storica, è calcolato quotidianamente e ribilanciato trimestralmente. Indxx, Inc. funge da agente di calcolo dell'indice. L'indice è disponibile su Bloomberg con il ticker INTVL.
XA Investments ha lanzado el XAI Interval Fund Index (INTVL), el primer índice en la historia que rastrea el mercado de fondos de intervalo y ofertas de compra. El índice de rendimiento total monitorea fondos registrados bajo la Ley de Compañías de Inversión de 1940 con activos que superan los $100 millones.
A partir de marzo de 2025, el índice incluye 77 componentes que representan más de $103 mil millones en activos netos totales, aproximadamente el 60% de todo el mercado de fondos de intervalo y ofertas de compra. El INTVL presenta fondos en siete clases de activos: crédito, bienes raíces/activos reales, fondos de cobertura, especializados, multi-activos, bonos exentos de impuestos y capital de riesgo/private equity.
El índice, que tiene una fecha base de enero de 2023 con dos años de rendimiento histórico, se calcula diariamente y se reequilibra trimestralmente. Indxx, Inc. actúa como agente de cálculo del índice. El índice está disponible en Bloomberg con el ticker INTVL.
XA Investments는 XAI Interval Fund Index (INTVL)를 출시했습니다. 이는 간헐적 및 공개 매수 펀드 시장을 추적하는 최초의 지수입니다. 총 수익 지수는 1940년 투자회사법에 따라 등록된 자산이 1억 달러를 초과하는 펀드를 모니터링합니다.
2025년 3월 현재, 이 지수는 77개 구성 요소를 포함하며 총 순자산이 1,030억 달러를 초과하여 전체 간헐적 및 공개 매수 펀드 시장의 약 60%를 차지합니다. INTVL은 신용, 부동산/실물 자산, 헤지 펀드, 전문, 다중 자산, 세금 면제 채권 및 벤처/사모펀드 등 7개 자산 클래스의 펀드를 포함합니다.
이 지수는 2023년 1월을 기준일로 하여 2년의 역사적 성과를 가지고 있으며, 매일 계산되고 분기마다 재조정됩니다. Indxx, Inc.가 지수 계산 에이전트로 활동하고 있습니다. 이 지수는 Bloomberg에서 티커 INTVL로 제공됩니다.
XA Investments a lancé le XAI Interval Fund Index (INTVL), le premier indice jamais créé pour suivre le marché des fonds à intervalle et des offres d'achat. L'indice de rendement total surveille les fonds enregistrés en vertu de la loi de 1940 sur les sociétés d'investissement ayant des actifs dépassant 100 millions de dollars.
En mars 2025, l'indice comprend 77 composants représentant plus de 103 milliards de dollars d'actifs nets totaux, soit environ 60 % de l'ensemble du marché des fonds à intervalle et des offres d'achat. L'INTVL comprend des fonds dans sept classes d'actifs : crédit, immobilier/actifs réels, fonds de couverture, spécialisés, multi-actifs, obligations exonérées d'impôt et capital-risque/private equity.
L'indice, qui a une date de base de janvier 2023 avec deux ans de performance historique, est calculé quotidiennement et rééquilibré trimestriellement. Indxx, Inc. agit en tant qu'agent de calcul de l'indice. L'indice est disponible sur Bloomberg sous le ticker INTVL.
XA Investments hat den XAI Interval Fund Index (INTVL) eingeführt, den ersten Index, der den Markt für Intervall- und Tender-Offer-Fonds verfolgt. Der Gesamtertragsindex überwacht Fonds, die gemäß dem Investment Company Act von 1940 registriert sind und Vermögenswerte von über 100 Millionen Dollar aufweisen.
Stand März 2025 umfasst der Index 77 Bestandteile, die über 103 Milliarden Dollar an Gesamtnettowerten repräsentieren, was etwa 60 % des gesamten Marktes für Intervall- und Tender-Offer-Fonds entspricht. Der INTVL umfasst Fonds aus sieben Anlageklassen: Kredit, Immobilien/real assets, Hedgefonds, Spezialfonds, Multi-Asset, steuerfreie Anleihen und Venture-/Private Equity.
Der Index, der einen Basiswert von Januar 2023 hat und über zwei Jahre historische Performance verfügt, wird täglich berechnet und vierteljährlich neu gewichtet. Indxx, Inc. fungiert als Berechnungsagentur für den Index. Der Index ist unter dem Ticker INTVL auf Bloomberg verfügbar.
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CHICAGO, April 09, 2025 (GLOBE NEWSWIRE) -- XA Investments LLC (“XAI”), a leader in closed-end interval and tender offer fund research, announced the launch of the new XAI Interval Fund Index (“INTVL”). A total return index, INTVL tracks interval/tender offer funds registered under the Investment Company Act of 1940, with over
At the end of March 2025, the Index’s 77 constituents combined for more than
“The XAI Interval Fund Index will give asset managers and financial advisors an unprecedented level of clarity in a market that has been notoriously difficult to track,” stated Kim Flynn, President of XA Investments. “By applying our in-house research, proprietary data, and rigorous methodology, XA Investments has been able to create the first index tracking the interval and tender offer fund market,” Flynn added.
INTVL marks a shift in evaluating funds and continuing advancement for asset managers, financial advisors, and individual investors. The index offers market insights through daily intelligence to monitor and track the interval and tender offer fund market. Designed to act as a barometer for the interval and tender offer fund market, the XAI Interval Fund Index makes essential market insights possible.
“The introduction of the XAI Interval Fund Index is another example of XA Investment's leadership in providing the closed-end interval and tender offer marketplace with the innovative research and data needed to solidify investor interest in this burgeoning investment option,” said Philip Hasbrouck, senior managing director, Cliffwater. “The team at Cliffwater expects it will quickly find acceptance as a valuable tool by asset managers, Registered Investment Advisors (RIAs) and individual investors alike.”
INTVL has a diverse mix of interval funds with varying investment strategies across seven different asset classes including credit, real estate/real assets, hedge funds, specialty, multi-asset, tax-free bonds and venture/private equity. The Index currently has 77 constituents which includes interval and tender offer funds with a daily or weekly net asset value that meet a minimum asset threshold. The Index is calculated daily and rebalanced quarterly. Indxx, Inc. serves as the index calculation agent.
For more information on the XAI Interval Fund Index, please visit https://xainvestments.com/intvl. If you would like to license the Index, or have any questions, please contact info@xainvestments.com 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
jsowa@xainvestments.com
312 374 6938
FAQ
What is the total asset value tracked by the XAI Interval Fund Index (INTVL) as of March 2025?
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What asset classes does the XAI Interval Fund Index cover?
How frequently is the XAI Interval Fund Index calculated and rebalanced?
When was the XAI Interval Fund Index established and what historical data does it include?
