CEF Advisors

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01. 12 Major CEF Sectors Index

Data as of April 27, 2017

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 1,082.70 0.18 0.95 3.52 5.10 11.16 17.60 6.67 8.15 1.89 1.89 7.01
NAV 1,122.71 -0.05 0.57 2.60 3.93 7.45 13.76 6.11 8.63 0.64 0.64 4.17
Difference -0.23 -0.39 -0.92 -1.16 -3.72 -3.84 -0.56 0.48 -1.26 -1.26 -2.84
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,062.36
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 2017
Price 2.43 2.11 -0.53 5.11 - - - - - - - - - - - - 7.01
NAV 1.20 1.72 -0.15 3.53 - - - - - - - - - - - - 4.17

Performance Chart

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Discount

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Characteristics

PORTFOLIO
Weighted Average Data
Discount
-2.11%
1Yr Disc
-4.96%
3Yr Disc
-6.16%
5Yr Disc
-4.24%
Rel Disc Range (3yr)
72.60%
Mkt Yield
7.81%
Lev Adj NAV Yield
6.39%
After Tax Yield*
6.52%
Est Tax Friction*
1.29%
1 Yr RoC
23.93%
3 Yr Dest RoC
16.25%
Leverage
23.08%
Non Lev Exp Ratio
1.59%
3Yr NAV Volatiliy
10.58
Equity Exposure
39.45%
Bond Exposure
59.09%
# Holdings
84
Cash Weighted Duration
2.74
Beta (2yr)
0.75
Comp NAV TR
-0.11%
Comp Discount
2.02%
Net Assets (M)
1,152
Liquidity - 90d (K)
4,000
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Asset Allocation

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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 Sec Incm Fd Nuveen 1.21 -2.39 7.58 0.00 32.01 2,050 4,346
FPF FT Imd Dur Pref & Incm Fd First Trust 1.18 -3.98 7.82 0.00 30.67 1,481 3,983
JPC Nuv Pref Incm Opp Fd Nuveen 1.21 -5.08 7.61 0.00 28.37 1,030 3,271
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 1.18 5.00 7.39 0.00 33.60 871 2,030
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 1.19 -2.67 7.23 0.00 29.30 767 1,860
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 1.20 -2.47 7.61 0.00 33.30 496 1,733
PDT JH Prm Div Fd John Hancock 1.20 1.55 7.15 7.74 33.15 778 1,511
ARCC Ares Capital Corp Ares 1.17 6.14 8.71 0.00 41.90 7,007 39,008
PSEC Prospect Capital Corp Prospect Capital 1.21 -3.12 10.73 0.00 41.99 3,456 22,347
MAIN Main Street Cap Corp Main Street Capital 1.24 82.76 5.50 0.00 40.78 1,222 10,148
FSIC FS Investment Corp FB Income 1.18 3.08 9.19 0.00 41.13 2,302 10,890
HTGC Hercules Capital Hercules 1.20 56.77 7.99 0.00 44.72 820 7,623
AINV Apollo Inv Corp Apollo Investment 1.23 -1.46 8.88 0.00 39.95 1,507 6,986
FSC Fifth St Fin Corp Fifth Street 1.15 -37.62 1.75 3.36 49.36 1,030 6,251
RQI C&S Qlty Incm Rty Fd Cohen & Steers 1.22 -4.51 7.44 0.00 23.90 1,476 3,773
AWP Alp Glbl Prmr Prop Fd Alpine 1.24 -11.09 9.85 60.13 7.29 585 3,188
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 1.19 -12.39 7.85 52.19 17.00 1,017 2,933
RNP C&S REIT & Pref Incm Fd Cohen & Steers 1.20 -11.00 7.47 13.03 25.00 1,064 2,126
RFI C&S Tot Rtn Ry Fd Cohen & Steers 1.21 -4.91 7.51 0.13 0.00 352 1,475
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 1.18 -9.56 8.91 37.33 31.01 283 1,175
JRS Nuv Rel-Est Incm Fd Nuveen 1.23 -0.61 8.76 0.00 30.55 332 1,038
CHI Calamos Convt Opp & Incm Calamos 1.21 1.61 10.04 55.87 28.13 783 3,630
NCV AG Convt & Incm Fd Allianz 1.21 2.51 11.26 0.00 37.75 596 2,681
CHY Calamos Convt & Hi Incm Fd Calamos 1.21 -0.85 10.27 51.19 28.29 855 3,097
AVK AC Convt Sec & Incm Fd Guggenheim 1.18 -8.41 7.09 17.94 39.30 409 1,619
CCD Calamos Dyn Convt & Incm Fd Calamos 1.21 -3.67 10.17 60.60 28.27 499 1,712
NCZ AG Convt & Incm Fd II Allianz 1.19 0.83 11.31 1.92 38.13 451 1,645
AGC AC Convt Sec & Incm Fd II Guggenheim 1.19 -7.72 9.07 34.54 41.01 217 1,073
EXG EV Tx-Mgd Glol Divr Eq Incm Eaton Vance 1.20 -5.17 10.35 86.00 0.00 2,801 9,716
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 1.19 -3.75 8.96 71.97 0.00 1,753 5,255
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 1.20 -0.18 9.75 86.86 0.00 1,194 3,702
BDJ BR Enh Eq Div Tr BlackRock 1.18 -7.77 6.46 53.69 0.00 1,771 4,017
NFJ AG NFJ Div Int & Prm Stgy Allianz 1.19 -9.54 9.10 93.75 0.00 1,381 3,196
QQQX Nuv Nasdaq 100 Dyn Ovr Fd Nuveen 1.23 2.58 6.51 46.85 0.00 766 3,128
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 1.24 -0.79 6.60 30.39 0.00 1,445 3,127
JFR Nuv Flt Rt Incm Fd Nuveen 1.19 -1.10 6.94 0.00 36.74 653 4,448
JQC Nuv Cr Stgs Incm Fd Nuveen 1.19 -5.96 7.13 0.00 35.65 1,276 4,363
BGB B/GSO Stgc Cr Fd Blackstone 1.19 -5.21 7.78 0.00 36.01 763 3,600
VTA Invsc Dyn Cr Opp Fd Invesco 1.17 -6.62 6.94 0.65 30.14 974 3,569
VVR Invsc Sr Incm Tr Invesco 1.19 -4.07 5.99 5.53 28.40 884 2,668
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.16 -3.80 5.07 0.00 29.13 558 2,340
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.18 1.02 7.13 0.00 36.41 459 2,288
KYN KA MLP Inv Kayne Anderson 1.13 1.22 9.02 100.00 32.68 2,248 7,418
TYG Tortoise Nrg Infra Corp Tortoise 1.16 12.10 7.56 39.30 25.40 1,514 5,476
CEM CB Nrg MLP Fd Legg Mason 1.19 -1.67 8.33 69.53 28.00 1,214 3,141
NML NB MLP Incm Fd Neuberger Berman 1.14 -8.89 6.64 91.67 19.50 618 2,336
GER GS MLP & Nrg Renaissance Fd Goldman Sachs 1.16 -3.70 7.94 93.75 32.50 661 2,358
NTG Tortoise MLP Fd Tortoise 1.13 -1.08 8.40 100.00 27.40 958 2,227
JMF Nuv Nrg MLP Total Rtn Fd Nuveen 1.14 0.60 10.07 100.00 25.15 525 1,995
HYT BR Corp Hi Yld Fd BlackRock 1.20 -7.64 7.47 0.00 27.09 1,540 4,964
EAD WF Incm Opp Fd Wells Fargo 1.19 -8.39 8.43 0.00 26.12 657 2,301
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 1.18 -9.00 7.97 0.00 29.27 677 2,204
HIO WA Hi Incm Opp Fd Legg Mason 1.21 -7.96 7.04 3.13 0.00 730 2,123
FSD FT Hi Incm Lng/Srt Fd First Trust 1.21 -4.97 8.65 0.00 21.04 638 1,977
DSU BR Dbt Stgs Fd BlackRock 1.18 -7.82 7.04 0.00 29.93 774 2,160
ISD Pru Srt Dur Hi Yld Fd Prudential 1.17 -7.86 7.95 0.00 26.89 558 2,163
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.19 10.69 9.78 0.00 45.52 1,038 4,114
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.20 9.89 8.26 1.28 21.16 580 1,857
PIM Putnam Mstr Imd Incm Tr Putnam 1.20 -4.96 6.51 0.00 9.26 273 842
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.17 -1.55 5.30 0.00 0.00 224 764
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.19 -6.79 7.69 0.00 22.86 284 577
WEA WA Prmr Bnd Fd Legg Mason 1.18 -5.55 6.47 0.00 26.00 170 597
VBF Invsc Bnd Fd Invesco 1.17 -5.38 4.36 3.22 0.00 228 671
RVT Royce Val Tr Legg Mason 1.22 -11.45 7.12 9.25 5.12 1,350 3,517
CLM Cornerstone Stgc Val Fd Cornerstone 1.19 25.32 16.89 75.84 0.00 379 4,815
GDV Gabelli Div & Incm Tr Gabelli 1.21 -6.68 6.13 50.00 23.00 1,902 3,756
USA Liberty All-Star Eq Fd ALPS 1.16 -14.69 9.52 8.06 0.80 1,212 3,453
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.23 -3.60 7.41 11.50 24.20 1,313 2,952
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.20 -2.51 7.99 0.00 21.30 1,627 3,304
CRF Cornerstone Tot Rtn Fd Cornerstone 1.19 28.14 16.71 53.45 0.00 168 2,799
AOD Alp Tot Dyn Div Fd Alpine 1.21 -10.83 8.06 26.58 11.02 1,033 3,047
IGD Voya Glbl Eq Div & Prm Opp Voya 1.19 -8.47 9.81 41.74 0.00 791 2,710
IFN India Fund Aberdeen 1.21 -10.46 6.47 0.00 0.00 837 2,848
BGY BR Intl Gwth & Incm Tr BlackRock 1.21 -9.19 7.56 86.58 0.00 730 2,353
CAF MS China A Shr Fd Morgan Stanley 1.18 -15.99 4.09 0.00 0.00 508 1,795
MXF Mexico Fund Impulsora del 1.17 -10.62 3.15 100.00 0.00 277 1,377
INF Brkf Glbl Lstd Infra Incm Fd Brookfield 1.20 -11.91 7.28 85.70 26.89 211 1,400
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 1.19 -8.08 5.49 0.00 38.00 3,871 7,315
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 1.18 -6.51 5.88 0.00 39.00 3,204 6,141
NAD Nuv Qlty Muni Incm Fd Nuveen 1.18 -8.29 5.56 0.00 38.04 3,042 5,981
NZF Nuv Muni Cr Incm Fd Nuveen 1.20 -5.16 6.04 0.00 37.88 2,204 5,471
NAC Nuv CA Qlty Muni Inc Fd Nuveen 1.19 -4.68 5.61 0.00 36.58 2,232 3,643
BBN BR Taxable Muni BndTr BlackRock 1.17 -1.41 7.04 0.00 35.96 1,300 3,408
NUV Nuv Muni Val Fd Nuveen 1.19 -1.97 3.92 0.00 0.92 2,098 3,234

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.