CEF Advisors

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01. 12 Major CEF Sectors Index

Data as of Feb. 17, 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 1,049.05 -0.11 -0.33 2.86 9.08 4.37 30.11 6.35 7.94 1.65 4.91 4.91
NAV 1,092.46 0.01 0.05 1.72 5.66 3.89 21.59 6.10 8.53 1.23 2.83 2.83
Diference 0.11 0.39 -1.14 -3.42 -0.48 -8.51 -0.25 0.59 -0.43 -2.07 -2.07
* 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 3.20 - - - - - - - - - - - - - - - -
NAV 1.59 - - - - - - - - - - - - - - - -

Performance Chart

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Discount

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Characteristics

PORTFOLIO
Weighted Average Data
Discount
-2.72%
1Yr Disc
-5.16%
3Yr Disc
-5.71%
5Yr Disc
-3.70%
Rel Disc Range (3yr)
64.34%
Mkt Yield
7.99%
Lev Adj NAV Yield
6.42%
After Tax Yield*
6.67%
Est Tax Friction*
1.32%
1 Yr RoC
22.64%
3 Yr Dest RoC
15.53%
Leverage
23.12%
Non Lev Exp Ratio
1.58%
3Yr NAV Volatiliy
10.83
Equity Exposure
38.98%
Bond Exposure
58.20%
# Holdings
84
Cash Weighted Duration
2.82
Beta (2yr)
0.62
Comp NAV TR
-1.22%
Comp Discount
2.48%
Net Assets (M)
1,147
Liquidity - 90d (K)
4,757
* 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 Qlty Pref Incm Fd 2 Nuveen 1.17 -2.06 7.81 0.00 32.39 1,983 7,004
FPF FT Imd Dur Pref & Incm Fd First Trust 1.18 -2.21 8.33 0.00 30.72 1,455 4,738
JPC Nuv Pref Incm Opp Fd Nuveen 1.16 -4.51 7.71 0.00 28.73 1,011 3,329
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 1.19 1.66 7.82 0.00 33.70 850 2,749
PDT JH Prm Div Fd John Hancock 1.14 0.51 7.41 13.85 34.41 758 2,250
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 1.18 -3.33 7.41 15.86 30.00 753 2,179
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 1.19 -1.75 7.76 0.00 33.30 482 1,960
ARCC Ares Capital Corp Ares 1.22 6.45 8.61 0.00 41.43 7,067 55,461
PSEC Prospect Capital Corp Prospect Capital 1.29 -1.87 10.59 0.00 41.99 3,456 22,123
MAIN Main Street Cap Corp Main Street Capital 1.16 72.34 5.96 0.00 40.31 1,147 11,258
AINV Apollo Inv Corp Apollo Investment 1.21 -8.60 9.57 11.43 39.95 1,507 8,560
FSIC FS Investment Corp FB Income 1.18 13.59 8.33 0.00 41.77 2,299 10,454
NMFC New Mountain Fin Corp New Mountain Capital 1.20 11.82 9.16 0.00 44.44 924 4,870
HTGC Hercules Capital Hercules 1.22 53.85 8.17 0.00 45.74 761 6,634
RQI C&S Qlty Incm Rty Fd Cohen & Steers 1.18 -7.51 7.64 0.00 23.90 1,482 4,991
RNP C&S REIT & Pref Incm Fd Cohen & Steers 1.17 -11.87 7.62 43.57 25.30 1,054 2,383
JRS Nuv Rel-Est Incm Fd Nuveen 1.17 -4.31 9.01 0.69 30.54 335 1,367
RFI C&S Tot Rtn Ry Fd Cohen & Steers 1.17 -8.09 7.75 0.00 0.00 352 1,408
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 1.13 -10.64 9.07 38.14 27.70 281 1,335
RIF RMR Rel-Est Incm Fd RMR 1.18 -18.44 6.20 0.00 28.00 200 608
PGZ Principal Rel-Est Incm Fd Principal 1.21 -10.96 10.30 5.61 31.79 131 721
CHI Calamos Convt Opp & Incm Calamos 1.24 -1.36 10.45 59.12 28.20 774 4,075
CHY Calamos Convt & Hi Incm Fd Calamos 1.23 -3.17 10.62 54.04 28.35 847 3,036
NCV AG Convt & Incm Fd Allianz 1.24 0.58 11.34 0.00 37.15 603 2,909
CCD Calamos Dyn Convt & Incm Fd Calamos 1.26 -5.04 10.42 63.91 28.53 494 1,861
NCZ AG Convt & Incm Fd II Allianz 1.23 0.33 11.24 1.92 37.54 456 1,505
AVK AC Convt Sec & Incm Fd Guggenheim 1.24 -8.60 7.07 25.66 38.92 411 1,802
ACV AG Divr Incm & Convt Fd Allianz 1.22 -9.17 10.01 70.08 32.12 226 981
EXG EV Tx-Mgd Glol Divr Eq Incm Eaton Vance 1.24 -5.45 11.25 83.29 0.00 2,764 11,432
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 1.20 -7.69 9.36 89.19 0.00 1,750 5,185
BDJ BR Enh Eq Div Tr BlackRock 1.17 -11.17 6.71 69.69 0.00 1,776 3,722
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 1.23 -1.55 10.84 86.18 0.00 1,164 4,662
NFJ AG NFJ Div Int & Prm Stgy Allianz 1.18 -11.96 9.16 93.75 0.00 1,411 3,288
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 1.18 -4.61 6.90 10.39 0.00 1,437 3,302
BOE BR Glbl Opp Eq Tr BlackRock 1.21 -11.46 7.62 86.75 0.00 964 3,130
JQC Nuv Cr Stgs Incm Fd Nuveen 1.14 -6.06 7.13 0.00 35.65 1,276 5,360
JFR Nuv Flt Rt Incm Fd Nuveen 1.18 2.54 6.69 0.00 34.92 651 4,116
VTA Invsc Dyn Cr Opp Fd Invesco 1.15 -6.05 6.86 0.64 30.00 980 4,035
BGB B/GSO Stgc Cr Fd Blackstone 1.18 -7.07 7.92 0.00 36.01 764 4,427
VVR Invsc Sr Incm Tr Invesco 1.15 -4.89 6.04 6.22 28.30 884 3,575
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.13 2.55 4.97 N/A 12.02 351 1,114
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.18 7.15 6.72 0.00 34.86 452 3,342
KYN KA MLP Inv Kayne Anderson 1.28 1.85 10.23 100.00 32.57 2,407 9,421
TYG Tortoise Nrg Infra Corp Tortoise 1.33 11.46 7.26 40.00 24.50 1,585 6,344
CEM CB Nrg MLP Fd Legg Mason 1.25 -4.19 8.28 36.50 27.40 1,254 4,389
NTG Tortoise MLP Fd Tortoise 1.26 -0.19 7.99 100.00 26.20 998 3,073
JMF Nuv Nrg MLP Total Rtn Fd Nuveen 1.20 -1.48 9.66 100.00 25.27 559 2,592
FEI FT MLP & Nrg Incm Fd First Trust 1.19 3.40 8.49 99.36 24.68 737 2,502
NML NB MLP Incm Fd Neuberger Berman 1.27 -9.71 6.34 100.00 19.50 653 3,179
PHK PIMCO Hi Incm Fd PIMCO 1.10 33.03 11.03 16.66 27.52 842 6,155
HYT BR Corp Hi Yld Fd BlackRock 1.15 -9.25 7.64 0.00 27.58 1,531 4,740
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 1.14 -9.66 8.02 0.00 29.60 678 2,610
ISD Pru Srt Dur Hi Yld Fd Prudential 1.15 -6.91 7.87 0.00 26.86 558 2,168
DSU BR Dbt Stgs Fd BlackRock 1.16 -8.56 6.55 0.00 29.20 779 2,248
FSD FT Hi Incm Lng/Srt Fd First Trust 1.20 -6.80 7.83 0.00 20.25 637 2,369
HIO WA Hi Incm Opp Fd Legg Mason 1.17 -8.90 7.15 2.41 0.00 726 2,541
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.23 10.49 10.14 0.00 44.40 999 4,847
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.22 8.41 8.59 0.00 20.49 565 1,730
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.17 1.80 5.17 0.00 0.00 222 931
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.16 -7.72 7.85 0.00 23.00 281 698
VBF Invsc Bnd Fd Invesco 1.16 -5.30 4.41 2.82 0.00 226 630
INSI Cutwater Sel Incm Fd Cutwater 1.13 -7.32 4.19 0.00 0.00 221 488
PIM Putnam Mstr Imd Incm Tr Putnam 1.18 -5.56 6.55 0.00 27.78 273 706
RVT Royce Val Tr Royce 1.22 -12.99 7.08 12.63 5.50 1,332 6,019
CLM Cornerstone Stgc Val Fd Cornerstone 1.17 14.60 18.05 80.94 0.00 292 4,010
GDV Gabelli Div & Incm Tr Gabelli 1.19 -9.23 6.33 55.15 23.00 1,893 3,746
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.23 -9.37 8.10 6.32 25.90 1,278 4,421
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.20 -3.37 7.99 0.00 22.00 1,642 3,633
USA Liberty All-Star Eq Fd ALPS 1.19 -14.94 9.61 0.00 1.41 1,188 4,456
GAM General American Invstr General American Inv 1.22 -16.04 1.47 0.00 15.67 1,079 2,468
AOD Alp Tot Dyn Div Fd Alpine 1.22 -13.86 8.54 16.29 0.00 1,009 4,592
IGD Voya Glbl Eq Div & Prm Opp Voya 1.22 -9.98 10.14 32.18 0.00 782 3,899
IFN India Fund Aberdeen 1.22 -13.30 7.44 0.00 0.00 753 3,342
BGY BR Intl Gwth & Incm Tr BlackRock 1.19 -10.28 7.92 82.44 0.00 706 3,204
CAF MS China A Shr Fd Morgan Stanley 1.22 -15.92 4.35 0.00 0.00 477 2,061
FDEU FT Dyn Euro Eq Incm Fd First Trust 1.23 -9.28 8.79 27.21 N/A 314 1,712
EOD WF Glbl Div Opp Fd Wells Fargo 1.16 -12.66 9.66 0.00 0.00 291 1,513
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 1.13 -9.02 5.63 0.00 38.31 3,816 10,005
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 1.14 -7.34 6.04 0.00 39.30 3,148 8,742
NAD Nuv Qlty Muni Incm Fd Nuveen 1.12 -7.74 5.95 0.00 38.35 3,000 8,241
NZF Nuv Muni Cr Incm Fd Nuveen 1.14 -7.02 6.27 0.00 38.29 2,166 7,637
NUV Nuv Muni Val Fd Nuveen 1.16 -3.39 4.02 0.00 0.93 2,077 5,400
BBN BR Taxable Muni BndTr BlackRock 1.16 -2.98 7.14 0.00 36.17 1,304 4,782
NAC Nuv CA Qlty Muni Inc Fd Nuveen 1.16 -5.13 5.70 0.00 36.74 2,206 5,332

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 the 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.