CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Vivaldi Opp Fd (VAM)

Hybrid / Balanced Funds - Hybrid / Balanced Funds

Data as of Nov. 15, 2018
Current
Market Price $14.78 (+ $0.02)
NAV (Nov. 15, 2018) $14.38 (+ $0.03)
Premium / Discount 2.78% (-0.08%)
Fund Info
Inception May 10, 2018
Sponsor Vivaldi Asset Management, LLC
Website www.vivaldicef.com/
Phone 312.248.8300
NAV Symbol XVAMX
Objective: To seek to achieve long-term capital appreciation by pursuing positive absolute returns across market cycles. In pursuing its objective, the Fund seeks to generate attractive long-term returns with low sensitivity to traditional equity and fixed income indices.
Capital & Leverage
Outstanding Shares 5,580,839
Gross Assets (Reported: March 31, 2018) $104M
Estimated Gross Assets $90M
Net Assets $80M
Market Cap $82M
Purchases Turnover 479.31%
Sales Turnover 157.56%
Total Leverage 20.12%
Structural Leverage (out of total) 54.97%
Portfolio Leverage (out of total) 45.03%
Expense Ratio 3.46%
Non Lev Exp Ratio 2.95%
Rel Lev Cost 1.97%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -2.28%
Discount High(3 Yr) 4.05%
Discount Rel Range 81.14%
Comp Discount 7.87
Discount St Dev (1Yr)
Z-Stat
Z-Stat (6mo) 1.16
Z-Stat (1Yr)
Z-Stat (3Yr)
Comp Z-Stat (6mo) 1.60
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 9.73%
Income Yield 9.73%
Lev Adj NAV Yield 8.32%
Distribution Frequency M
Current Distribution $0.120
Current Income $0.120
Ex-Date 11/7/18
Payable Date 11/16/18
Div Growth (3yr) %
Dividend Change -2.4% on 10/26/18
Expected Div 11/26/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $9
Avg Volume 30 day 708
Avg Volume 90 day 628
Volume Trend 12.74%
Comp Volume Trend 16.92%
Correlation & Volatility
NAV - Price Correlation (30 d) 13.5%
NAV - Price Correlation (90 d) 54.2%
NAV - Price Correlation (1 Yr) %
Price St Dev (1Yr) %
NAV St Dev (1Yr) %
Earnings
Earnings / Share (3/31/18) $0.002
Earn Coverage 1.34%
Earnings Trend None
UNII / Share (3/31/18) $0.010
Rel UNII 0.69
UNII Trend None
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Hybrid / Balanced Fund Index

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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