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03. Global Equity Index

Data as of

About the Index

US-Equity and Non-US equity fund grouping according to CEFdata.com with $500K+ in 90 day average dollar $ liquidity. (2) US + Non-US Bond exposure combined under 33.33%. Equal weight the funds that meet these criteria. 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 1,298.85 -0.26 -0.35 0.86 -0.02 4.62 11.98 7.04 8.12 0.46 1.84 1.58
NAV 1,226.22 -0.22 -0.53 0.32 -0.41 2.68 10.66 5.37 7.36 0.76 1.27 0.68
Difference 0.04 -0.18 -0.54 -0.39 -1.94 -1.31 -1.67 -0.76 0.30 -0.57 -0.90
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 5.84 -3.99 -1.84 -0.26 1.37 - - - - - - - - - - - - - 1.11
NAV 5.57 -4.64 -1.26 -0.59 0.50 - - - - - - - - - - - - - -0.08
Difference -0.26 -0.65 0.58 -0.33 -0.87 - - - - - - - - - - - - - -1.20
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 4.06 3.53 2.58 10.51 3.46 2.17 0.87 6.63 17.14 2.81 -0.64 3.41 5.64 0.93 -0.39 2.17 2.72 8.36 25.50
NAV 2.83 2.82 1.73 7.55 1.77 1.92 0.72 4.47 12.02 2.73 0.25 1.64 4.67 1.45 1.13 0.96 3.57 8.24 20.26
Difference -1.23 -0.71 -0.86 -2.96 -1.69 -0.25 -0.16 -2.16 -5.12 -0.08 0.88 -1.78 -0.97 0.52 1.51 -1.21 0.85 -0.12 -5.24
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -6.97 -0.12 8.34 0.67 2.20 0.78 1.02 4.05 4.72 5.30 0.50 -0.86 4.92 -2.64 0.84 1.69 -0.16 4.76 9.48
NAV -5.12 -0.81 7.13 0.83 1.41 0.85 0.47 2.76 3.59 4.02 0.04 -0.05 4.02 -1.73 0.44 1.45 0.14 4.16 7.75
Difference 1.85 -0.69 -1.20 0.16 -0.79 0.07 -0.55 -1.29 -1.13 -1.27 -0.46 0.81 -0.90 0.91 -0.40 -0.23 0.31 -0.60 -1.73
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 0.98 5.66 -1.33 5.27 2.03 0.36 -3.71 -1.40 3.87 -2.46 -7.92 -4.27 -14.02 9.20 -1.89 -2.13 4.86 -9.16 -5.29
NAV 0.34 4.68 -0.87 4.12 2.44 0.08 -2.42 0.04 4.16 -0.97 -6.30 -3.97 -10.89 7.60 -1.58 -2.88 2.84 -8.05 -3.88
Difference -0.63 -0.98 0.46 -1.15 0.41 -0.28 1.29 1.44 0.29 1.49 1.61 0.30 3.13 -1.60 0.30 -0.75 -2.01 1.12 1.41

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-6.75%
1Yr Disc
-7.40%
3Yr Disc
-9.91%
5Yr Disc
-9.34%
Rel Disc Range (3yr)
66.29%
Mkt Yield
7.25%
Lev Adj NAV Yield
6.39%
After Tax Yield*
6.15%
Est Tax Friction*
1.10%
3Yr NAV Volatiliy
15.85
1 Yr RoC
19.98%
3 Yr Dest RoC
13.45%
Leverage
9.36%
Non Lev Exp Ratio
1.27%
Beta (2yr)
0.89
Equity Exposure
90.82%
Bond Exposure
6.53%
# Holdings
45
Cash Weighted Duration
Comp NAV TR
1.40%
Comp Discount
0.89%
Net Assets (M)
652
Liquidity - 90d (K)
1,592
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Asset Allocation

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

Constituents


45 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
ADX Adams Divr Eq Fd Adams Express 2.26 -14.90 9.01 0.00 0.00 1,828 3,079
AOD Abd Tot Dyn Div Fd Aberdeen 2.22 -10.87 7.65 20.86 5.81 1,089 2,579
ASG Liberty All-Star Gwth Fd ALPS 2.16 3.10 7.35 0.00 4.04 157 503
BGY BR Enh Intl DivTr BlackRock 2.12 -9.38 7.74 54.89 0.00 709 1,609
BIF Boulder Gwth & Incm Fd Boulder 2.19 -15.37 3.78 0.00 3.56 1,352 1,847
CAF MS China A Shr Fd Morgan Stanley 2.38 -8.03 4.48 0.00 0.00 646 3,127
CET Cntrl Sec Corp Central Securities 2.30 -16.80 3.57 0.00 0.00 847 532
CHN China Fund Allianz 2.19 -9.64 2.47 0.00 1.20 386 562
CLM Cornerstone Stgc Val Fd Cornerstone 2.18 18.05 18.87 70.08 0.00 566 6,635
CRF Cornerstone Tot Rtn Fd Cornerstone 2.20 21.07 18.41 72.13 0.00 279 3,845
DNI Div & Incm Fd Bexil 2.17 -20.27 4.81 41.25 0.00 193 566
EMF Tmp Emrg Mkt Fd Templeton 2.08 -12.73 7.21 0.00 0.00 307 685
EOD WF Glbl Div Opp Fd Wells Fargo 2.26 -6.08 11.54 23.33 14.00 277 885
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 2.25 -6.76 7.19 12.53 22.21 1,399 2,475
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 2.27 5.40 8.38 0.00 23.83 356 1,172
EVT EV Tx-Adv Div Incm Fd Eaton Vance 2.29 -1.55 7.61 11.16 20.83 1,691 2,574
FDEU FT Dyn Euro Eq Incm Fd First Trust 2.12 -7.01 8.42 37.79 24.12 320 999
FUND Sprott Focus Tr Sprott 2.22 -9.36 6.94 0.00 12.52 224 377
GAB Gabelli Eq Tr Gabelli 2.26 -0.63 9.62 18.10 21.00 1,608 3,815
GAM General American Invstr General American Inv 2.26 -15.42 2.83 0.00 15.08 1,067 1,331
GDV Gabelli Div & Incm Tr Gabelli 2.26 -6.81 5.81 34.58 22.00 2,008 3,316
GF New Germany Fd Deutsche 2.11 -10.93 7.71 0.00 0.00 337 453
GGT Gabelli Multimedia Tr Gabelli 2.27 7.84 9.14 33.89 24.00 217 611
GLQ Clough Glbl Eq Fd Clough 2.31 -7.15 10.64 41.90 37.55 163 766
HIE Miller/Howard Hi Incm Eq Fd Miller/Howard 2.30 0.25 11.68 61.75 20.30 163 725
IDE Voya Infra Ind & Matrls Fd Voya 2.25 -4.01 7.57 0.00 0.00 308 974
IFN India Fund Aberdeen 2.20 -12.55 12.64 0.00 0.00 761 2,060
IGD Voya Glbl Eq Div & Prm Opp Voya 2.23 -6.15 10.00 59.98 0.00 757 2,387
IHD Voya Emrg Mkt Hi Div Eq Fd Voya 2.04 -6.79 8.42 72.75 0.00 180 550
IIF MS India Inv Fd Morgan Stanley 2.09 -10.01 3.72 0.00 0.00 453 1,019
INF Brkf Glbl Lstd Infra Incm Fd Brookfield 2.30 -13.29 7.99 76.57 29.28 195 633
JCE Nuv Core Eq Alpha Fd Nuveen 2.31 -0.78 7.32 0.00 0.00 245 597
JOF Japan Sml Caplz Fd Nomura 2.18 -12.54 4.49 0.00 0.00 398 581
JTA Nuv Tx-Adv Tot Rtn Stgy Fd Nuveen 2.32 -3.91 7.99 7.09 32.90 195 565
JTD Nuv Tx-Adv Div Gwth Fd Nuveen 2.32 -3.62 7.85 35.58 31.82 256 608
KF Korea Fund Allianz 2.20 -10.48 0.55 0.00 0.00 249 504
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 2.30 -4.96 7.46 16.85 28.80 188 804
MSF MS Emrg Mkt Fd Morgan Stanley 2.02 -13.11 0.34 0.00 0.00 270 531
MXF Mexico Fund Impulsora del 2.03 -12.62 4.01 82.74 0.00 257 756
RMT Royce Micro-Cap Tr Legg Mason 2.32 -8.87 7.12 10.92 9.89 428 974
RVT Royce Val Tr Legg Mason 2.33 -6.49 7.00 10.21 4.51 1,500 4,234
SOR Source Capital First Pacific 2.20 -10.54 2.48 0.00 0.00 388 475
TDF Tmp Dragon Fd Templeton 2.23 -13.29 1.52 0.00 0.00 893 1,411
TY Tri-Cont Corp Columbia Mngmt 2.25 -11.13 3.39 0.00 2.30 1,674 1,910
USA Liberty All-Star Eq Fd ALPS 2.28 -6.15 10.61 0.00 0.00 1,322 4,526

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.

Class E Units       8% PIK             8.00 %   11/6/2021     4,055,099       4,055,099       4,055,099       2.32 %