CEF Advisors

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01. 12 Major CEF Sectors Index

Data as of May 26, 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 1,088.97 -0.06 0.75 0.76 3.31 11.51 17.33 6.21 9.10 -0.25 2.48 7.60
NAV 1,131.33 0.00 0.39 0.72 3.21 8.92 13.72 5.73 9.52 0.33 1.41 4.94
Difference 0.06 -0.36 -0.04 -0.10 -2.59 -3.61 -0.49 0.42 0.58 -1.07 -2.65
* 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 2.45 - - - - - - - - - - - 7.60
NAV 1.20 1.72 -0.15 3.53 0.88 - - - - - - - - - - - 4.94

Performance Chart

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Discount

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Characteristics

PORTFOLIO
Weighted Average Data
Discount
-2.49%
1Yr Disc
-4.69%
3Yr Disc
-6.18%
5Yr Disc
-4.35%
Rel Disc Range (3yr)
72.32%
Mkt Yield
7.83%
Lev Adj NAV Yield
6.40%
After Tax Yield*
6.54%
Est Tax Friction*
1.29%
3Yr NAV Volatiliy
10.58
1 Yr RoC
23.58%
3 Yr Dest RoC
16.59%
Leverage
22.89%
Non Lev Exp Ratio
1.57%
Beta (2yr)
0.65
Equity Exposure
39.52%
Bond Exposure
59.06%
# Holdings
84
Cash Weighted Duration
2.73
Comp NAV TR
-0.03%
Comp Discount
1.71%
Net Assets (M)
1,146
Liquidity - 90d (K)
3,713
* 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 1.24 -1.17 7.36 0.00 32.01 2,085 3,927
FPF FT Imd Dur Pref & Incm Fd First Trust 1.23 -1.21 7.50 0.00 30.18 1,501 4,249
JPC Nuv Pref Incm Opp Fd Nuveen 1.23 -3.73 7.45 0.00 28.37 1,038 3,435
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 1.22 6.55 7.15 0.00 33.60 888 2,093
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 1.20 -3.16 7.18 0.00 29.30 776 1,746
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 1.22 -1.80 7.49 0.00 33.30 500 1,667
PDT JH Prm Div Fd John Hancock 1.24 4.32 6.92 8.36 33.15 782 1,380
ARCC Ares Capital Corp Ares 1.12 1.76 9.05 0.00 38.24 7,034 36,156
PSEC Prospect Capital Corp Prospect Capital 1.08 -12.30 12.09 0.00 42.90 3,394 20,517
MAIN Main Street Cap Corp Main Street Capital 1.18 71.66 5.76 0.00 38.19 1,255 10,776
FSIC FS Investment Corp FB Income 1.12 -2.12 9.63 0.00 42.68 2,317 10,794
HTGC Hercules Capital Hercules 1.04 35.45 9.38 0.00 48.03 808 9,235
AINV Apollo Inv Corp Apollo Investment 1.16 -4.90 9.36 0.00 39.95 1,481 6,631
FSC Fifth St Fin Corp Fifth Street 1.05 -42.32 1.92 2.98 46.00 1,019 4,167
RQI C&S Qlty Incm Rty Fd Cohen & Steers 1.18 -7.15 7.70 0.00 23.90 1,465 3,742
AWP Alp Glbl Prmr Prop Fd Alpine 1.26 -13.12 9.74 62.82 7.29 606 2,865
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 1.18 -12.62 7.95 54.29 17.00 1,007 2,818
RNP C&S REIT & Pref Incm Fd Cohen & Steers 1.21 -10.20 7.38 16.65 25.00 1,068 2,178
RFI C&S Tot Rtn Ry Fd Cohen & Steers 1.18 -6.36 7.67 2.60 0.00 349 1,199
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 1.15 -9.93 9.13 33.91 30.80 277 1,206
JRS Nuv Rel-Est Incm Fd Nuveen 1.22 1.15 8.71 0.00 30.55 328 911
CHI Calamos Convt Opp & Incm Calamos 1.19 -0.36 10.23 54.18 28.13 783 3,299
NCV AG Convt & Incm Fd Allianz 1.21 2.97 11.24 0.00 37.75 595 2,507
CHY Calamos Convt & Hi Incm Fd Calamos 1.21 -0.68 10.27 50.30 28.29 854 2,990
AVK AC Convt Sec & Incm Fd Guggenheim 1.21 -6.19 8.26 16.78 39.30 407 1,253
CCD Calamos Dyn Convt & Incm Fd Calamos 1.22 -3.32 10.11 60.11 28.27 500 1,691
NCZ AG Convt & Incm Fd II Allianz 1.20 2.15 11.18 1.92 38.13 450 1,681
AGC AC Convt Sec & Incm Fd II Guggenheim 1.21 -5.94 8.91 30.33 41.01 217 991
EXG EV Tx-Mgd Glol Divr Eq Incm Eaton Vance 1.24 -3.94 10.11 87.12 0.00 2,831 9,149
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 1.19 -4.07 8.94 66.47 0.00 1,763 5,200
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 1.23 1.41 9.50 88.24 0.00 1,206 3,194
BDJ BR Enh Eq Div Tr BlackRock 1.18 -8.38 6.49 47.23 0.00 1,772 3,997
NFJ AG NFJ Div Int & Prm Stgy Allianz 1.20 -8.33 9.01 93.75 0.00 1,377 3,078
QQQX Nuv Nasdaq 100 Dyn Ovr Fd Nuveen 1.29 4.09 6.19 49.25 0.00 795 2,934
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 1.25 -0.35 6.51 36.08 0.00 1,459 3,021
JFR Nuv Flt Rt Incm Fd Nuveen 1.22 1.86 6.74 0.00 36.74 653 4,482
JQC Nuv Cr Stgs Incm Fd Nuveen 1.18 -6.20 7.18 0.00 35.65 1,269 3,934
BGB B/GSO Stgc Cr Fd Blackstone 1.19 -5.21 7.78 0.00 36.05 763 3,051
VTA Invsc Dyn Cr Opp Fd Invesco 1.16 -7.08 6.98 0.49 31.14 974 3,465
VVR Invsc Sr Incm Tr Invesco 1.18 -4.49 6.03 7.30 28.40 882 2,283
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.16 -4.06 5.08 0.00 29.13 559 1,959
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.19 1.19 7.12 0.00 36.41 459 1,824
KYN KA MLP Inv Kayne Anderson 1.07 0.42 9.46 100.00 32.68 2,166 7,191
TYG Tortoise Nrg Infra Corp Tortoise 1.08 11.36 8.05 64.30 27.10 1,433 4,490
CEM CB Nrg MLP Fd Legg Mason 1.11 -2.91 8.88 79.69 28.00 1,155 2,555
NML NB MLP Incm Fd Neuberger Berman 1.12 -8.65 6.80 83.33 20.20 602 1,890
GER GS MLP & Nrg Renaissance Fd Goldman Sachs 1.13 0.65 8.29 87.50 32.50 606 1,979
NTG Tortoise MLP Fd Tortoise 1.08 0.47 8.73 100.00 28.80 907 1,870
JMF Nuv Nrg MLP Total Rtn Fd Nuveen 1.14 2.03 10.32 100.00 25.15 506 1,798
HYT BR Corp Hi Yld Fd BlackRock 1.19 -8.75 7.53 0.00 27.09 1,547 4,835
EAD WF Incm Opp Fd Wells Fargo 1.21 -7.08 8.29 0.00 26.12 658 1,813
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 1.19 -8.49 7.89 0.00 29.27 680 1,958
HIO WA Hi Incm Opp Fd Legg Mason 1.20 -8.64 6.95 3.42 0.00 733 2,001
FSD FT Hi Incm Lng/Srt Fd First Trust 1.22 -5.32 8.67 0.48 21.04 642 1,959
DSU BR Dbt Stgs Fd BlackRock 1.19 -7.55 7.00 0.00 29.93 774 2,011
ISD Pru Srt Dur Hi Yld Fd Prudential 1.18 -7.66 7.91 0.00 26.89 560 2,007
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.22 11.44 9.59 0.00 45.52 1,066 4,165
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.24 11.61 8.03 1.46 21.16 589 1,942
PIM Putnam Mstr Imd Incm Tr Putnam 1.19 -5.38 6.57 0.00 9.26 269 631
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.19 -0.86 5.22 0.00 0.00 225 689
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.20 -7.11 7.66 0.00 22.80 286 589
WEA WA Prmr Bnd Fd Legg Mason 1.20 -4.95 6.38 0.00 25.70 171 538
VBF Invsc Bnd Fd Invesco 1.20 -3.41 4.24 3.22 0.00 230 665
RVT Royce Val Tr Legg Mason 1.20 -11.35 7.20 0.00 5.12 1,333 3,129
CLM Cornerstone Stgc Val Fd Cornerstone 1.22 26.11 16.60 66.82 0.00 383 5,333
GDV Gabelli Div & Incm Tr Gabelli 1.22 -6.23 6.09 21.36 23.00 1,904 3,494
USA Liberty All-Star Eq Fd ALPS 1.19 -13.43 9.27 7.50 0.80 1,228 3,713
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.26 -5.38 7.29 11.50 24.90 1,361 3,111
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.19 -3.19 8.08 0.00 21.30 1,621 3,044
CRF Cornerstone Tot Rtn Fd Cornerstone 1.22 29.44 16.40 59.48 0.00 169 2,529
AOD Alp Tot Dyn Div Fd Alpine 1.24 -9.77 7.87 28.12 11.02 1,046 2,733
IGD Voya Glbl Eq Div & Prm Opp Voya 1.22 -6.39 9.61 34.61 0.00 790 2,866
IFN India Fund Aberdeen 1.23 -10.57 6.32 0.00 0.00 858 2,588
BGY BR Intl Gwth & Incm Tr BlackRock 1.26 -8.20 7.27 86.07 0.00 748 2,611
CAF MS China A Shr Fd Morgan Stanley 1.26 -12.63 3.81 0.00 0.00 523 2,311
MXF Mexico Fund Impulsora del 1.20 -11.26 3.08 100.00 0.00 286 1,023
INF Brkf Glbl Lstd Infra Incm Fd Brookfield 1.25 -9.77 6.98 82.85 26.89 215 1,298
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 1.20 -8.93 5.45 0.00 38.00 3,942 6,759
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 1.20 -7.25 5.81 0.00 39.00 3,269 5,947
NAD Nuv Qlty Muni Incm Fd Nuveen 1.20 -8.85 5.49 0.00 38.04 3,101 5,591
NZF Nuv Muni Cr Incm Fd Nuveen 1.20 -6.39 6.00 0.00 37.88 2,247 5,025
NAC Nuv CA Qlty Muni Inc Fd Nuveen 1.19 -5.95 5.59 0.00 36.58 2,269 3,244
BBN BR Taxable Muni BndTr BlackRock 1.19 -0.57 6.92 0.00 35.96 1,312 2,929
NUV Nuv Muni Val Fd Nuveen 1.19 -2.63 3.90 0.00 0.92 2,125 2,904

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.