BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.
XALCX
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- BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF), formerly trading under ticker XALCX, is a closed-end management investment company that seeks high current income and capital appreciation through a diversified portfolio of primarily global non-investment grade fixed-income securities, including senior secured loans, subordinated loans, high yield bonds, collateralized loan obligations, structured products, and special situations opportunities; its portfolio as of August 31, 2024, featured significant allocations to collateralized loan obligations (20.3%), energy sector debt (7.4%), consumer discretionary bonds (6.0%), and commercial/professional services notes (4.5%), with holdings spanning sectors such as aerospace/defense, airlines, automobiles/components, building materials, chemicals, diversified financials, and electronic components. The fund operates within the global credit markets, targeting institutional and retail investors seeking income from sub-investment grade corporate debt across the United States, Europe, and emerging markets; it was launched on October 27, 2017 (commencement of operations), with principal executive offices at 240 Greenwich Street, New York, New York 10286, and is managed by BNY Mellon Investment Adviser, Inc. as investment adviser and Alcentra NY, LLC as sub-adviser. In a major development, the fund completed its liquidation on November 25, 2024, in line with its target term structure approaching December 2024 maturity, marking the final distribution to shareholders and cessation of operations; this followed portfolio repositioning for maturity, including paydowns and conservative asset allocation amid market shifts.