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

01. 12 Major CEF Sectors Index

Data as of

About the Index

The seven most liquid funds by 90-day average trading dollar $ liquidity in each of the 12 major groupings of funds: Business Development Companies (BDCs), Convertible Bonds, Covered Call Funds, Global Equity, High Yield Bonds, Investment Grade Bonds, Master Limited Partnership (MLP), Municipal Bonds, Preferred Equity, REITs/Real Assets, Senior Loans, and US Equity. Combine leverage and non-leverage groupings into one grouping when calculating the seven funds. The funds will be equal weight in the index. If there are less than seven available funds in a specific grouping, then equal weight the grouping with the smaller number of funds available. Each group will be 1/12 of the indexes over-all 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 1,158.42 0.54 1.14 4.06 6.89 -1.73 2.95 12.71 5.39 1.68 13.41 13.41
NAV 1,146.24 0.33 0.93 2.89 4.22 -0.43 3.22 10.21 5.02 1.50 8.28 8.28
Difference -0.21 -0.22 -1.17 -2.67 1.30 0.27 -2.50 -0.38 -0.19 -5.13 -5.13
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 11.53 - - - - - - - - - - - - - - - - - 11.72
NAV 6.68 - - - - - - - - - - - - - - - - - 6.78
Difference -4.85 - - - - - - - - - - - - - - - - - -4.94
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 1.13 -2.81 -0.73 -2.43 1.98 1.74 -0.66 3.07 0.64 1.90 1.54 -1.24 2.19 -7.33 0.72 -6.53 -12.76 -10.57 -9.93
NAV 2.26 -3.20 -0.88 -1.88 1.09 1.38 -0.04 2.45 0.56 1.95 1.22 -0.43 2.74 -4.17 0.08 -4.17 -8.09 -5.35 -4.79
Difference 1.14 -0.39 -0.15 0.54 -0.88 -0.36 0.62 -0.62 -0.07 0.05 -0.32 0.81 0.55 3.16 -0.64 2.36 4.67 5.22 5.15
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 3.20 2.74 -0.12 5.91 2.79 0.09 0.94 3.84 9.74 1.94 -1.40 1.97 2.49 -0.71 -0.50 2.32 1.10 3.58 13.33
NAV 1.55 1.95 0.26 3.79 1.07 0.64 0.68 2.41 6.20 1.43 -0.21 1.10 2.32 0.39 0.48 1.67 2.54 4.87 11.07
Difference -1.65 -0.79 0.37 -2.11 -1.71 0.55 -0.25 -1.43 -3.54 -0.51 1.19 -0.87 -0.16 1.09 0.97 -0.66 1.45 1.28 -2.26
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -4.92 0.29 6.86 1.90 3.56 1.14 2.65 7.52 9.41 4.00 1.22 -0.56 4.68 -3.13 0.12 2.42 -0.67 4.02 13.43
NAV -3.97 -0.86 4.98 -0.06 2.73 1.33 1.27 5.41 5.35 2.81 0.64 0.37 3.85 -1.11 -0.56 1.67 -0.02 3.82 9.18
Difference 0.95 -1.15 -1.88 -1.96 -0.82 0.19 -1.39 -2.10 -4.06 -1.20 -0.58 0.93 -0.84 2.02 -0.68 -0.75 0.64 -0.19 -4.25
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 1.44 2.83 -0.43 3.86 1.53 -0.75 -4.57 -3.84 0.02 -1.25 -3.50 -4.33 -8.83 6.51 -1.53 -1.81 2.99 -5.84 -5.81
NAV 0.52 2.32 -0.16 2.69 1.26 0.22 -2.34 -0.89 1.80 -0.16 -3.49 -3.31 -6.82 4.37 -1.43 -2.33 0.49 -6.34 -4.54
Difference -0.92 -0.52 0.28 -1.17 -0.27 0.97 2.23 2.94 1.77 1.09 0.01 1.02 2.00 -2.14 0.10 -0.52 -2.50 -0.50 1.27

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-4.99%
1Yr Disc
-4.77%
3Yr Disc
-4.26%
5Yr Disc
-5.18%
Rel Disc Range (3yr)
50.38%
Mkt Yield
8.52%
Lev Adj NAV Yield
6.71%
After Tax Yield*
7.12%
Est Tax Friction*
1.40%
3Yr NAV Volatiliy
9.47
1 Yr RoC
21.64%
3 Yr Dest RoC
1.36%
Leverage
24.04%
Non Lev Exp Ratio
1.52%
Beta (2yr)
0.54
Equity Exposure
41.56%
Bond Exposure
57.23%
# Holdings
84
Cash Weighted Duration
2.37
Comp NAV TR
-0.08%
Comp Discount
1.52%
Net Assets (M)
1,125
Liquidity - 90d (K)
5,421
* 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


84 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
JPS Nuv Pref & Incm Sec Fd Nuveen 1.14 -4.70 7.53 0.00 35.03 1,907 9,253
FPF FT Imd Dur Pref & Incm Fd First Trust 1.14 -6.44 8.07 0.00 30.58 1,377 6,432
JPC Nuv Pref & Incm Opp Fd Nuveen 1.16 -5.57 7.99 0.06 34.80 1,002 4,082
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 1.18 0.16 7.17 0.00 35.40 828 3,782
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 1.15 -3.03 7.90 16.65 31.98 705 3,764
JPI Nuv Pref & Incm Trm Fd Nuveen 1.16 -5.27 7.35 4.26 29.80 531 2,026
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 1.20 -3.82 7.41 0.00 35.60 462 2,155
ARCC Ares Capital Corp Ares 1.16 0.18 9.33 0.00 40.43 7,298 46,419
PSEC Prospect Capital Corp Prospect Capital 1.10 -27.16 10.96 0.00 42.74 3,308 17,042
MAIN Main Street Cap Corp Main Street Capital 1.20 54.68 6.13 0.00 37.42 1,506 11,022
FSK FS KKR Capital Corp FS/KKR Advisor 1.36 -25.00 11.73 0.00 41.92 2,066 14,734
HTGC Hercules Capital Hercules 1.24 25.63 9.51 0.00 43.74 1,004 7,229
TSLX TPG Specialty Lending TSL Advisers 1.21 26.78 7.61 0.00 43.72 1,057 5,527
AINV Apollo Inv Corp Apollo Investment 1.34 -19.44 11.74 0.00 42.16 1,317 7,392
RQI C&S Qlty Incm Rty Fd Cohen & Steers 1.27 -7.49 7.70 0.00 26.43 1,471 6,599
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 1.24 -14.10 8.28 69.17 7.76 984 3,892
RNP C&S REIT & Pref Incm Fd Cohen & Steers 1.18 -10.57 7.48 6.68 26.90 1,058 3,110
AWP Abd Glbl Prmr Prop Fd Aberdeen 1.25 -10.63 10.34 63.23 3.00 554 2,057
JRI Nuv Rel-Ast Incm & Gwth Fd Nuveen 1.21 -13.88 8.13 12.50 30.36 499 2,333
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 1.24 -10.04 9.92 44.02 31.10 255 1,148
RFI C&S Tot Rtn Ry Fd Cohen & Steers 1.28 -1.44 7.38 29.09 0.00 345 1,550
CHI Calamos Convt Opp & Incm Calamos 1.23 -3.84 9.35 26.07 34.00 757 3,889
CHY Calamos Convt & Hi Incm Fd Calamos 1.24 -2.40 9.30 24.74 34.00 822 3,784
NCV AG Convt & Incm Fd Allianz 1.32 13.90 12.21 34.37 42.98 502 2,937
AVK AC Convt Sec & Incm Fd Guggenheim 1.23 -11.46 9.69 60.02 40.18 566 2,469
NCZ AG Convt & Incm Fd II Allianz 1.32 9.94 12.48 32.31 43.49 380 2,138
CCD Calamos Dyn Convt & Incm Fd Calamos 1.26 -2.79 10.28 41.91 33.85 490 1,821
ACV AG Divr Incm & Convt Fd Allianz 1.25 -3.67 9.19 0.00 33.61 233 983
EXG EV Tx-Mgd Glol Divr Eq Incm Eaton Vance 1.14 -4.29 9.19 90.75 0.00 2,543 8,177
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 1.20 8.30 8.71 64.83 0.00 1,013 5,109
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 1.19 -0.78 8.79 55.48 0.00 1,737 5,836
BDJ BR Enh Eq Div Tr BlackRock 1.17 -8.63 6.53 0.00 0.00 1,761 5,304
BST BR Sci & Tech Tr BlackRock 1.23 7.58 5.61 0.00 0.00 669 4,071
BOE BR Enh Glbl DivTr BlackRock 1.18 -11.00 7.24 41.93 0.00 795 4,262
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 1.16 1.52 7.64 28.74 0.00 829 3,811
JQC Nuv Cr Stgs Incm Fd Nuveen 1.11 -11.06 5.98 26.95 37.02 1,177 6,723
VTA Invsc Dyn Cr Opp Fd Invesco 1.11 -13.36 6.93 30.45 33.00 926 5,086
BGB B/GSO Stgc Cr Fd Blackstone 1.17 -7.09 9.00 0.00 37.29 705 3,983
VVR Invsc Sr Incm Tr Invesco 1.11 -13.11 6.13 9.09 33.00 852 3,739
PPR Voya Prime Rt Tr Voya 1.11 -13.53 6.85 0.00 29.56 808 2,915
EFR EV Sr Flt-Rt Tr Eaton Vance 1.11 -11.77 6.49 0.00 36.20 548 2,882
HFRO Highland Flt Rt Opp Fd Highland Capital 1.13 -5.06 6.74 21.43 31.86 1,036 3,602
KYN KA MLP/Midstream Inv Co Kayne Anderson 1.26 -7.84 8.82 0.00 34.25 2,239 17,756
TYG Tortoise Nrg Infra Corp Tortoise 1.34 0.63 10.33 75.00 32.10 1,352 13,900
NTG Tortoise Midstream Nrg Fd Tortoise 1.27 -4.69 11.40 80.00 34.60 984 10,467
CEM CB MLP & Midstream Fd Legg Mason 1.26 -10.15 9.46 87.47 30.96 978 8,912
EMO CB Nrg Midstream Opp Fd Legg Mason 1.31 -11.45 9.45 94.62 31.25 789 5,355
FEI FT MLP & Nrg Incm Fd First Trust 1.27 -7.17 10.29 93.86 26.07 590 4,440
KMF KA Midstream/Nrg Fd Kayne Anderson 1.31 -13.20 7.52 90.17 31.06 674 4,538
HYT BR Corp Hi Yld Fd BlackRock 1.16 -11.44 8.52 0.00 29.23 1,410 6,769
DSU BR Dbt Stgs Fd BlackRock 1.15 -11.56 7.73 1.47 31.34 634 3,005
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 1.14 -13.07 7.12 4.41 28.29 654 2,793
ISD Pru Srt Dur Hi Yld Fd Prudential 1.14 -13.36 7.28 0.00 24.57 538 2,550
FSD FT Hi Incm Lng/Srt Fd First Trust 1.16 -12.99 8.71 30.47 23.31 576 2,359
HIX WA Hi Incm Fd II Legg Mason 1.16 -10.96 8.61 6.24 30.70 611 2,348
HIO WA Hi Incm Opp Fd Legg Mason 1.15 -10.30 6.64 0.57 0.00 683 2,045
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.16 17.40 9.32 1.19 41.00 1,225 7,717
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.17 14.58 8.26 0.52 22.60 564 3,219
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.17 -5.97 7.33 3.47 27.60 263 1,101
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.12 -0.30 5.16 2.61 0.00 214 796
VBF Invsc Bnd Fd Invesco 1.14 -5.14 4.64 1.16 0.00 217 515
PIM Putnam Mstr Imd Incm Tr Putnam 1.11 -8.26 8.11 2.24 14.46 257 480
WEA WA Prmr Bnd Fd Legg Mason 1.10 -7.56 6.20 1.82 28.70 162 586
CLM Cornerstone Stgc Val Fd Cornerstone 1.18 10.00 20.00 88.72 0.00 813 6,646
USA Liberty All-Star Eq Fd ALPS 1.22 -6.17 9.87 0.00 0.00 1,277 5,803
RVT Royce Val Tr Legg Mason 1.26 -11.55 10.44 0.00 4.42 1,490 7,036
CRF Cornerstone Tot Rtn Fd Cornerstone 1.15 10.90 19.83 87.13 0.00 415 4,087
GDV Gabelli Div & Incm Tr Gabelli 1.22 -8.75 6.24 0.00 21.00 1,912 5,621
GAB Gabelli Eq Tr Gabelli 1.26 0.66 8.03 65.94 21.00 1,533 5,035
ADX Adams Divr Eq Fd Adams Express 1.17 -14.60 14.18 0.00 0.00 1,753 4,339
AOD Abd Tot Dyn Div Fd Aberdeen 1.24 -11.59 8.22 24.54 1.46 1,012 5,001
IFN India Fund Aberdeen 1.16 -9.64 12.36 0.00 0.00 598 2,404
IGD Voya Glbl Eq Div & Prm Opp Voya 1.19 -7.15 11.28 61.23 0.00 679 2,969
BGY BR Enh Intl DivTr BlackRock 1.16 -10.62 7.41 4.71 0.00 658 2,531
CAF MS China A Shr Fd Morgan Stanley 1.21 -11.43 8.21 0.00 0.00 521 2,042
TDF Tmp Dragon Fd Templeton 1.17 -10.35 3.83 0.00 0.00 717 1,493
FDEU FT Dyn Euro Eq Incm Fd First Trust 1.23 -7.77 9.95 16.92 24.15 273 1,408
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 1.11 -10.72 4.94 0.00 39.24 3,823 10,432
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 1.09 -8.71 5.43 0.00 39.54 3,210 8,717
NAD Nuv Qlty Muni Incm Fd Nuveen 1.12 -10.64 4.84 0.00 39.28 2,998 9,478
NZF Nuv Muni Cr Incm Fd Nuveen 1.13 -7.54 5.52 0.00 39.08 2,204 7,163
NAC Nuv CA Qlty Muni Inc Fd Nuveen 1.10 -10.40 4.99 0.00 38.73 2,157 5,856
BTT BR Muni 2030 Tgt Trm Tr BlackRock 1.12 -9.04 3.43 0.00 37.52 1,693 5,028
BBN BR Taxable Muni BndTr BlackRock 1.11 -2.90 6.46 0.00 37.33 1,298 4,306

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 %