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

View All Indexes

02. High Income Index

Data as of April 24, 2017

About the Index

50% Equity focused income funds and 50% Bond/BDC focused income funds: (1) Funds need to have 90-day average trading dollar ($) liquidity over $500K. (2) Taxable Bond + Preferred Equity groupings according to CEFdata.com, ranked by top 35% current market price yield (40% of the index weighting), (3) Debt-Focused Business Development Companies (BDCs), top 35% ranked by current market price yield (10% of the index weighting). (4) US Equity, Non-US Equity, Specialty Equity and Hybrid/Balanced Funds groupings in CEFData.com with funds only included if they pay monthly or quarterly distributions without a large year-end distribution in both of the past two calendar years. This selection is then ranked by top 35% of funds by current market price yield (50% of index weighting) The index constituents will be rebalanced each quarter.

Index Performance

Current($) Previous Day(%) 1 Week(%) 1 Month(%) 3 Month(%) 6 Month(%) 1 Year(%) 3 Year(%) 5 Year(%) MTD(%) QTD(%) YTD(%)
Price 1,103.40 0.39 0.47 3.85 7.71 11.36 23.58 3.50 7.02 1.44 1.44 9.11
NAV 1,168.45 0.58 0.44 4.65 6.57 9.36 19.91 4.09 7.81 0.45 0.45 4.19
Difference 0.18 -0.04 0.80 -1.14 -2.00 -3.68 0.59 0.78 -1.00 -1.00 -4.92
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,085.56
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 2017
Price 3.88 2.39 0.05 7.67 - - - - - - - - - - - - 9.11
NAV 1.60 1.38 -0.33 3.74 - - - - - - - - - - - - 4.19

Performance Chart

Loading...

Discount

Loading...

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-2.08%
1Yr Disc
-4.90%
3Yr Disc
-5.77%
5Yr Disc
-3.48%
Rel Disc Range (3yr)
72.61%
Mkt Yield
10.21%
Lev Adj NAV Yield
8.12%
After Tax Yield*
8.63%
Est Tax Friction*
1.58%
1 Yr RoC
35.09%
3 Yr Dest RoC
24.50%
Leverage
25.46%
Non Lev Exp Ratio
2.04%
3Yr NAV Volatiliy
12.40
Equity Exposure
43.79%
Bond Exposure
54.22%
# Holdings
100
Cash Weighted Duration
1.55
Beta (2yr)
0.75
Comp NAV TR
0.84%
Comp Discount
1.87%
Net Assets (M)
534
Liquidity - 90d (K)
2,208
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Asset Allocation

Loading...
Asset Allocation as reported by each fund's sponsor as of the last reporting period.

Constituents


100 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
OXLC Oxford Lane Cap Corp Oxford Lane 0.90 1.96 14.61 0.00 38.44 212 2,751
EDF SH Emrg Mkt Incm Fd Stone Harbor 0.96 10.57 13.07 67.37 26.02 238 1,520
DMO WA Mortg Dfin Opp Fd Legg Mason 0.97 17.52 11.36 0.00 32.01 221 1,645
EDI SH Emrg Mkt Tot Incm Fd Stone Harbor 0.95 4.25 11.37 69.35 25.74 147 843
VGI Virtus Glbl Mlt-Sctr Incm Fd Virtus 0.93 -5.67 11.48 58.33 26.33 195 1,143
NCV AG Convt & Incm Fd Allianz 0.95 3.27 11.24 0.00 37.75 593 2,707
NCZ AG Convt & Incm Fd II Allianz 0.93 1.50 11.29 1.92 38.13 448 1,658
ECC Eagle Point Cr Co Eagle Point 0.86 14.54 12.23 3.33 33.96 282 1,662
PHK PIMCO Hi Incm Fd PIMCO 0.91 27.51 11.23 18.33 24.97 864 6,167
FTF FrkTmp Ltd Dur Incm Tr Franklin 0.92 -7.63 10.80 0.00 33.42 293 1,831
GOF Gghm Stgc Opp Fd Guggenheim 0.93 5.39 10.54 0.33 28.41 387 1,774
CHY Calamos Convt & Hi Incm Fd Calamos 0.93 -2.05 10.46 51.19 28.29 849 3,020
RA Brkf Real Ast Incm Fd Brookfield 0.94 -8.76 10.24 13.89 23.83 933 2,676
CCD Calamos Dyn Convt & Incm Fd Calamos 0.95 -2.75 10.13 60.60 28.27 496 1,731
ACP Avenue Incm Cr Stgs Fd Avenue Capital 0.92 -7.90 10.21 4.51 29.35 200 1,372
DHY CS Hi Yld Bnd Fd Credit Suisse 0.95 0.00 9.53 7.20 28.96 277 1,027
CHI Calamos Convt Opp & Incm Calamos 0.94 0.45 10.22 55.87 28.13 778 3,610
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 0.96 67.44 9.75 22.62 39.59 115 993
PTY PIMCO Corp & Incm Opp Fd PIMCO 0.93 10.82 9.83 0.00 45.52 1,032 4,147
ACV AG Divr Incm & Convt Fd Allianz 0.94 -5.12 9.66 53.83 31.76 225 971
PFL PIMCO Incm Stgy Fd PIMCO 0.94 1.07 9.54 0.00 26.20 284 1,306
PFN PIMCO Incm Stgy Fd II PIMCO 0.94 1.89 9.38 0.00 23.97 594 2,116
PCM PCM Fund PIMCO 0.94 4.55 9.28 0.00 45.93 114 516
GGM Gghm Cr Alloc Fd Guggenheim 0.94 2.96 9.34 0.00 30.56 155 564
ERC WF Mlt-Sctr Incm Fd Wells Fargo 0.93 -6.66 9.38 7.25 27.50 592 1,475
IVH Ivy Hi Incm Opp Fd Ivy Investment 0.93 -5.15 9.31 0.00 31.37 270 1,186
DHF Dreyfus Hi Yld Stgs Fd Dreyfus 0.94 -2.81 9.19 0.00 31.44 259 811
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.93 -6.79 9.25 8.85 25.31 428 1,696
AGC AC Convt Sec & Incm Fd II Guggenheim 0.91 -8.82 9.25 34.54 41.01 215 1,041
MIN MFS Imd Incm Tr MFS 0.93 -5.21 8.97 74.36 0.00 543 1,363
PDI PIMCO Dyn Incm Fd PIMCO 0.93 8.62 9.09 0.00 46.85 1,251 5,387
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 0.93 -1.50 9.08 0.00 45.60 3,022 13,191
PKO PIMCO Incm Opp Fd PIMCO 0.94 4.78 8.96 0.00 40.20 365 1,909
RCS PIMCO Stgc Incm Fd PIMCO 0.95 26.72 8.84 18.06 27.80 327 1,520
DSL DbLin Incm Solutions Fd Doubleline 0.93 -4.75 8.81 0.22 27.46 2,175 8,907
EDD MS Emrg Mkt Dom Dbt Morgan Stanley 0.98 -10.42 8.60 50.70 34.35 593 2,139
FSD FT Hi Incm Lng/Srt Fd First Trust 0.94 -5.99 8.77 0.00 21.04 636 1,960
EHI WA Glbl Hi Incm Fd Legg Mason 0.93 -9.08 8.81 10.50 25.16 508 1,595
KIO KKR Incm Opp Fd KKR 0.93 -4.67 8.64 0.00 27.28 278 1,131
MMT MFS MltMkt Incm Tr MFS 0.92 -7.90 8.65 34.80 17.22 503 1,406
JGH Nuv Glbl Hi Incm Fd Nuveen 0.92 -10.48 8.73 1.64 29.09 428 1,360
MCR MFS Charter Incm Tr MFS 0.92 -8.09 8.66 36.40 17.53 484 1,216
HIX WA Hi Incm Fd II Legg Mason 0.93 -5.55 8.61 3.03 26.56 668 1,607
FSFR Fifth St Sr Flt Rt Corp Fifth Street 0.61 -25.05 28.01 0.00 42.32 320 2,517
KCAP KCAP Financial KCAP Financial 0.60 -28.82 12.87 0.00 46.04 195 595
GARS Garrison Capital Garrison Capital 0.65 -21.90 11.55 0.00 50.45 199 415
MCC Medley Capital Corp MCC Advisors 0.66 -17.68 11.38 0.00 49.05 512 2,416
CPTA Capitala Finance Corp Capitala 0.65 -10.07 10.99 0.00 55.00 251 1,301
PSEC Prospect Capital Corp Prospect Capital 0.69 -2.29 10.64 0.00 41.99 3,456 22,769
TCRD THL Credit THL Credit 0.66 -15.40 10.80 0.00 41.65 389 1,232
TICC TICC Capital Corp TICC Management 0.64 -4.27 11.14 0.00 35.92 386 3,122
HRZN Horizon Tech Fin Corp Horizon 0.69 -4.71 10.42 0.00 39.96 139 774
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.68 3.48 10.30 0.00 38.76 216 1,532
WHF WhiteHorse Finance H.I.G. Capital 0.71 6.68 9.77 0.00 40.86 249 581
HCAP Harvest Cap Cr Corp Harvest Capital 0.68 -1.01 9.84 0.00 37.89 89 507
CMFN CM Finance CM Investment 0.69 -13.85 9.57 0.00 39.88 166 320
MFIN Medallion Fin Corp Medallion 0.69 -82.45 9.57 0.00 50.64 287 603
ABDC Alcentra Capital Corp Alcentra 0.70 3.50 9.58 0.00 32.14 185 814
CLM Cornerstone Stgc Val Fd Cornerstone 1.19 24.64 16.98 75.84 0.00 379 4,782
CRF Cornerstone Tot Rtn Fd Cornerstone 1.19 27.44 16.80 53.45 0.00 168 2,766
ZF Virtus Total Return Fd Zweig 1.23 -10.18 12.39 4.14 26.61 294 1,387
GPM Gghm Enh Eq Incm Fd Guggenheim 1.20 -5.04 11.58 95.90 30.35 419 1,230
ZTR Virtus Glbl Div & Inc Fd Virtus 1.22 -4.25 11.15 14.06 26.93 326 1,691
DSE D&P Sel Nrg MLP Fd Virtus 1.16 0.13 11.35 100.00 30.98 202 936
FMO F/C MLP Opp Fd Guggenheim 1.16 3.05 11.08 100.00 26.62 512 2,011
EXG EV Tx-Mgd Glol Divr Eq Incm Eaton Vance 1.20 -5.64 10.48 86.00 0.00 2,779 9,829
CHW Calamos Glbl Dyn Incm Fd Calamos 1.23 -6.03 10.36 71.29 29.20 509 2,412
AWP Alp Glbl Prmr Prop Fd Alpine 1.22 -12.33 10.05 60.13 7.29 582 3,420
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 1.21 2.31 10.42 97.89 10.00 757 3,686
NDP Tortoise Nrg Ind Fd Tortoise 1.13 4.85 10.94 75.00 21.20 221 1,091
NHF NexPoint Cr Stgs Fd NexPoint 1.16 -8.88 10.54 0.00 23.22 401 1,513
HIE Miller/Howard Hi Incm Eq Fd Miller/Howard 1.16 0.30 10.51 33.09 17.48 177 922
IRR Voya NtrRes Eq Incm Fd Voya 1.17 -2.59 10.14 90.55 0.00 148 636
IGD Voya Glbl Eq Div & Prm Opp Voya 1.18 -9.36 9.95 43.32 0.00 788 2,663
PGZ Principal Rel-Est Incm Fd Principal 1.18 -8.38 9.88 9.88 31.22 133 606
GLO Clough Glbl Opp Fd Clough 1.19 -7.75 9.85 99.53 36.55 586 2,362
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 1.19 -7.42 9.88 79.16 0.00 635 2,953
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 1.20 -0.36 9.80 86.86 0.00 1,190 3,745
CEN Center Coast MLP & Infr Fd Center Coast 1.16 1.23 10.12 66.67 34.40 253 1,329
CGO Calamos Glbl Tot Rtn Fd Calamos 1.19 -2.97 9.93 30.30 28.44 105 613
JMF Nuv Nrg MLP Total Rtn Fd Nuveen 1.16 0.15 9.98 100.00 25.15 533 2,104
THW Tekla Wld Health Fd Tekla 1.16 -5.89 9.84 3.97 21.38 466 1,507
USA Liberty All-Star Eq Fd ALPS 1.19 -14.18 9.34 7.65 0.80 1,229 3,422
EMO CB Nrg MLP Opp Fd Legg Mason 1.18 -6.44 9.47 100.00 28.25 451 1,487
GLQ Clough Glbl Eq Fd Clough 1.17 -6.81 9.43 73.32 35.71 238 863
FPL FT New Opp MLP & Nrg Fd First Trust 1.20 2.75 9.12 91.67 25.06 325 1,440
FGB FT Splty Fin and Fin Opp Fd First Trust 1.20 0.80 9.21 6.65 19.37 108 505
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 1.18 -0.47 9.30 2.99 26.54 339 1,182
NFJ AG NFJ Div Int & Prm Stgy Allianz 1.20 -9.66 9.10 93.75 0.00 1,384 3,201
GLV Clough Glbl Div & Incm Fd Clough 1.20 -4.97 9.12 90.32 36.11 149 499
EOD WF Glbl Div Opp Fd Wells Fargo 1.22 -10.29 9.11 0.00 0.00 300 1,012
JMLP Nuv All Cap Nrg MLP Opp Fd Nuveen 1.12 1.60 9.71 100.00 25.46 127 629
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 1.19 -4.19 9.02 71.97 0.00 1,748 5,270
JDD Nuv Divr Div & Incm Fd Nuveen 1.24 -5.28 8.85 6.13 30.98 254 913
INB C&S Glbl Incm Bldr Cohen & Steers 1.18 -10.16 9.00 79.49 22.50 237 806
JRS Nuv Rel-Est Incm Fd Nuveen 1.22 -2.25 8.83 0.00 30.55 335 1,050
HEQ JH Hgd Eq & Incm Fd John Hancock 1.17 -2.54 8.93 64.15 0.00 211 602
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 1.19 -10.13 8.87 43.56 31.01 285 1,242
STK ClmbSlgmn Prm Tech Gwth Fd Columbia Mngmt 1.24 8.07 8.43 0.00 0.00 312 1,615
CSQ Calamos Stgc Tot Rtn Fd Calamos 1.20 -6.45 8.75 50.05 26.68 1,870 3,977

DISCLOSURES:

These indexes were created and developed by Closed-End Fund Advisors, Inc. CEF Advisors launched these indexes in January 2017 based on December 31, 2016 data and began pricing on January 1, 2017. CEF Advisors does not guarantee the accuracy or the completeness of the index or any data included therein and CEF Advisors shall have no liability for any errors, omissions or interruptions therein. CEF Advisors makes no warranty, express or implied, as to results to be obtained by any person or entity from the use of the index or any data included therein. CEF Advisors makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, in no event shall CEF Advisors have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) arising out of matters relating to the use of the index, even if notified of the possibility of such damages.

The historical values above have not been verified by an independent third party. The historical performance data is for illustrative purposes only and does not represent the actual performance of any investment product. No representation is being made that any investment will achieve performance similar to that shown. The index does not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the historical performance shown. The index is unmanaged and an investor cannot invest directly in the index.

Performance information for the index is for illustrative purposes only and does not represent the performance of any actual investment. The historical performance of the price and NAV of the index should not be taken as an indication of future performance, and no assurance can be given as to the index's value on any date. The data for the historical performance of the index was calculated on materially the same basis on which the performance of the index is now calculated. Discounts are the result of a closed-end fund’s market price deviating from its Net Asset Value (NAV).

In case any constituents of the index experience a liquidation, merger, open-ending or are no longer a closed-end fund, we will remove them as of their last day of existence. For mergers, if the merged fund is in the same sub-grouping inside CEFdata.com, then we will replace the merged fund with it's replacement in equal dollar terms. If a fund is liquidated, open-ended, etc, we will remove the fund and its allocation from the index. In this case, for example. If a fund was 2% of the index then future pricing would assume a full allocation was 98%. The 2% is adsorbed on a pro-rata basis by all surviving funds.

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2017. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.