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Wells Fargo & Company (WFC), the reporting person, reported beneficial ownership of 826,345 Class I common shares of XAI CLO & Income Opportunities Fund, equal to 43.6% of the combined outstanding Class A and Class I shares as of August 31, 2026. Wells Fargo reported sole dispositive power over 826,345 shares and no sole or shared voting power. The Fund had 1,452,922 Class I shares and 441,251 Class A shares outstanding as of August 31, 2026; the two classes have equal voting rights on matters affecting the Fund as a whole, including director elections.
Key Figures
Beneficially owned shares:826,345 sharesReported ownership:43.6%Class I shares outstanding:1,452,922 shares+1 more
4 metrics
Beneficially owned shares826,345 sharesWells Fargo's reported ownership as of August 31, 2026
Reported ownership43.6%Based on the Fund's combined outstanding Class A and Class I shares as of August 31, 2026
Class I shares outstanding1,452,922 sharesAs of August 31, 2026
Class A shares outstanding441,251 sharesAs of August 31, 2026
Key Terms
beneficially owned, sole dispositive power
2 terms
beneficially ownedregulatory
"Amount beneficially owned: 826,345"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 826,345"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many shares did Wells Fargo (WFC) report owning in XAI CLO & Income Opportunities Fund?
Wells Fargo reported beneficial ownership of 826,345 Class I shares, equal to 43.6% of the combined outstanding Class A and Class I shares as of August 31, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
XAI CLO & Income Opportunities Fund
(Name of Issuer)
Class I Common Stock
(Title of Class of Securities)
67578T206
(CUSIP Number)
11/30/2024
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
67578T206
1
Names of Reporting Persons
Wells Fargo & Company
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
826,345.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
826,345.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
43.6 %
12
Type of Reporting Person (See Instructions)
HC
Comment for Type of Reporting Person: * The percentage of ownership reported in row 11 represents Wells Fargo & Co's ownership as of August 31, 2026. The percentage is calculated based on the total outstanding shares of both Class A and Class I shares issued by the Fund. As of August 31, 2026, the Fund had 1,452,922 Class I shares and 441,251 Class A shares outstanding. Class A and Class I shares constitute the same voting class of securities and have equal voting rights on matters affecting the Fund as a whole, including the election of directors.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
XAI CLO & Income Opportunities Fund
(b)
Address of issuer's principal executive offices:
321 N. CLARK ST., SUITE 2430, CHICAGO, IL 60654
Item 2.
(a)
Name of person filing:
Wells Fargo & Company
(b)
Address or principal business office or, if none, residence:
333 Market Street, San Francisco, CA 94105
(c)
Citizenship:
DE
(d)
Title of class of securities:
Class I Common Stock
(e)
CUSIP Number(s):
67578T206
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
826,345
(b)
Percent of class:
43.6*
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
826,345
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
This Schedule 13G is filed by Wells Fargo & Company on its own and on behalf of its subsidiaries Wells Fargo Bank, N.A., a Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); Wells Fargo Investment Institute, Inc., an investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Wells Fargo & Company
Signature:
Ally Pecarro
Name/Title:
Designated Signer
Date:
11/13/2026
Exhibit Information
Exhibit 99 - The table below reflects Wells Fargo & Co.'s percentage ownership of XAI CLO & Income Opportunities Fund Class I shares as of each month-end in which the number of shares Wells Fargo & Co owned changed. The ownership percentage is calculated based on the total outstanding shares of both Class A and Class I shares issued by the Fund as of each month-end. Class A and Class I shares constitute the same voting class of equity securities and have equal voting rights with respect to matters affecting the Fund as a whole, including the election of directors.
