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 1,107.26 0.44 -0.55 -1.84 1.66 2.44 14.88 5.46 7.78 -1.06 -1.76 10.47
NAV 1,087.43 0.00 -0.46 -0.47 2.56 3.47 11.41 4.06 7.53 -0.40 -0.02 8.51
Difference -0.44 0.08 1.37 0.90 1.03 -3.46 -1.40 -0.25 0.65 1.74 -1.97
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 - - - - 11.53
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 - - - - 8.91
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 - - - - -2.62
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
-4.14%
1Yr Disc
-3.46%
3Yr Disc
-5.55%
5Yr Disc
-4.23%
Rel Disc Range (3yr)
62.23%
Mkt Yield
8.03%
Lev Adj NAV Yield
6.37%
After Tax Yield*
6.71%
Est Tax Friction*
1.32%
3Yr NAV Volatiliy
10.10
1 Yr RoC
21.92%
3 Yr Dest RoC
14.05%
Leverage
23.53%
Non Lev Exp Ratio
1.53%
Beta (2yr)
0.64
Equity Exposure
38.71%
Bond Exposure
59.70%
# Holdings
84
Cash Weighted Duration
2.89
Comp NAV TR
0.65%
Comp Discount
1.36%
Net Assets (M)
1,161
Liquidity - 90d (K)
3,223
* 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 1.20 -1.06 7.28 0.00 33.14 2,105 3,311
FPF FT Imd Dur Pref & Incm Fd First Trust 1.23 -1.12 7.41 0.00 30.77 1,518 2,822
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 1.18 1.27 6.89 0.00 32.40 905 1,432
JPC Nuv Pref & Incm Opp Fd Nuveen 1.20 -3.17 7.52 0.14 33.49 1,107 2,011
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 1.19 -4.26 7.19 7.93 28.60 784 1,745
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 1.22 0.26 7.02 0.00 32.20 506 1,261
JPI Nuv Pref & Incm Trm Fd Nuveen 1.22 -2.52 6.75 0.32 27.62 587 1,198
ARCC Ares Capital Corp Ares 1.21 -0.55 9.27 0.00 38.54 7,030 28,430
PSEC Prospect Capital Corp Prospect Capital 1.25 -24.45 10.45 0.00 43.15 3,287 26,925
FSIC FS Investment Corp FB Income 1.21 -13.04 9.27 0.00 41.43 2,317 8,983
MAIN Main Street Cap Corp Main Street Capital 1.26 78.28 5.56 0.00 39.07 1,337 7,554
OCSL Oaktree Splty Lending Oaktree Capital 1.23 -22.87 9.04 0.00 46.30 1,011 3,402
HTGC Hercules Capital Hercules 1.28 36.50 9.08 0.00 45.97 842 5,436
TCAP Triangle Capital Corp Triangle Capital 0.82 -27.20 12.49 0.00 46.28 630 4,966
AWP Alp Glbl Prmr Prop Fd Alpine 1.17 -12.93 9.48 77.33 1.85 621 2,483
RQI C&S Qlty Incm Rty Fd Cohen & Steers 1.22 -8.53 7.66 0.00 23.90 1,497 2,385
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 1.20 -12.60 7.72 64.13 13.00 1,036 1,995
RNP C&S REIT & Pref Incm Fd Cohen & Steers 1.19 -9.63 7.18 38.21 24.50 1,091 1,586
RIF RMR Rel-Est Incm Fd RMR 1.22 -18.23 6.81 0.00 24.00 242 1,266
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 1.17 -6.78 10.07 31.96 30.90 273 928
JRI Nuv Rel-Ast Incm & Gwth Fd Nuveen 1.19 -9.91 7.29 3.78 29.30 536 1,154
CHY Calamos Convt & Hi Incm Fd Calamos 1.22 -0.51 10.22 47.99 32.00 857 2,615
CHI Calamos Convt Opp & Incm Calamos 1.21 1.34 10.04 48.80 32.00 785 2,149
NCV AG Convt & Incm Fd Allianz 1.20 5.01 11.27 0.00 37.77 584 1,787
NCZ AG Convt & Incm Fd II Allianz 1.21 3.72 11.26 9.99 38.10 442 1,347
CCD Calamos Dyn Convt & Incm Fd Calamos 1.23 -1.63 9.77 54.73 30.73 509 1,169
AVK AC Convt Sec & Incm Fd Guggenheim 1.18 -9.61 8.82 5.98 39.00 348 1,245
ACV AG Divr Incm & Convt Fd Allianz 1.25 -3.42 9.22 0.00 31.06 231 932
EXG EV Tx-Mgd Glol Divr Eq Incm Eaton Vance 1.21 -0.64 9.82 91.59 0.00 2,819 5,830
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 1.24 -2.15 8.57 56.63 0.00 1,804 3,463
BDJ BR Enh Eq Div Tr BlackRock 1.19 -8.46 6.32 11.65 0.00 1,817 3,245
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 1.22 2.95 9.22 88.17 0.00 1,226 2,587
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 1.23 -2.86 6.55 58.68 0.00 1,487 2,465
BOE BR Enh Glbl DivTr BlackRock 1.19 -7.09 7.07 18.08 0.00 982 2,232
NFJ AG NFJ Div Int & Prm Stgy Allianz 1.19 -9.99 9.13 86.04 0.00 1,385 2,384
JQC Nuv Cr Stgs Incm Fd Nuveen 1.17 -10.19 7.03 0.00 36.10 1,226 2,608
VTA Invsc Dyn Cr Opp Fd Invesco 1.18 -11.03 6.86 15.18 31.92 961 2,699
BGB B/GSO Stgc Cr Fd Blackstone 1.20 -7.36 8.01 0.00 35.47 759 2,471
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.17 -7.25 5.30 0.00 29.73 555 1,602
VVR Invsc Sr Incm Tr Invesco 1.18 -9.92 5.64 9.96 30.34 871 2,070
PPR Voya Prime Rt Tr Voya 1.18 -10.09 5.20 0.00 27.91 835 2,163
JFR Nuv Flt Rt Incm Fd Nuveen 1.15 -4.09 7.36 0.00 36.49 653 1,904
KYN KA MLP Inv Kayne Anderson 1.02 -5.04 12.10 89.34 35.84 1,800 7,078
TYG Tortoise Nrg Infra Corp Tortoise 1.10 9.02 9.94 89.30 30.00 1,192 5,322
CEM CB Nrg MLP Fd Legg Mason 1.07 -6.79 10.88 83.33 32.26 983 3,106
FEI FT MLP & Nrg Incm Fd First Trust 1.14 1.29 10.04 88.96 25.86 651 2,280
FMO F/C MLP Opp Fd Guggenheim 1.02 -4.38 15.79 100.00 34.48 403 1,969
NTG Tortoise MLP Fd Tortoise 1.10 2.17 10.24 100.00 32.50 764 2,187
NML NB MLP Incm Fd Neuberger Berman 1.08 -8.58 7.84 91.67 21.80 522 2,094
HYT BR Corp Hi Yld Fd BlackRock 1.18 -9.95 7.67 0.00 30.14 1,538 3,523
FSD FT Hi Incm Lng/Srt Fd First Trust 1.18 -9.24 9.36 8.25 19.68 538 1,970
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 1.18 -11.27 7.46 1.63 26.87 668 2,320
ISD Pru Srt Dur Hi Yld Fd Prudential 1.18 -10.67 7.53 0.00 24.45 549 1,829
EAD WF Incm Opp Fd Wells Fargo 1.18 -9.29 8.06 0.00 25.90 651 1,364
HIO WA Hi Incm Opp Fd Legg Mason 1.19 -11.05 6.61 3.46 0.00 725 1,575
HIX WA Hi Incm Fd II Legg Mason 1.19 -9.47 7.91 4.66 26.30 665 1,530
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.22 11.46 9.38 1.60 42.14 1,185 4,422
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.17 9.60 8.10 5.77 22.51 596 1,666
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.21 -5.55 7.55 0.00 22.40 285 715
VBF Invsc Bnd Fd Invesco 1.20 -2.75 4.19 1.24 0.00 231 646
PIM Putnam Mstr Imd Incm Tr Putnam 1.22 -6.19 6.64 1.63 22.72 268 482
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.26 3.85 4.67 0.00 0.00 228 535
WEA WA Prmr Bnd Fd Legg Mason 1.22 -5.37 5.90 0.00 25.10 173 451
CLM Cornerstone Stgc Val Fd Cornerstone 1.23 11.76 19.15 57.77 0.00 581 4,126
USA Liberty All-Star Eq Fd ALPS 1.20 -9.95 11.39 2.23 0.75 1,264 4,608
CRF Cornerstone Tot Rtn Fd Cornerstone 1.22 12.71 18.99 55.90 0.00 286 3,148
RVT Royce Val Tr Legg Mason 1.20 -10.63 7.17 11.25 4.89 1,454 3,148
GDV Gabelli Div & Incm Tr Gabelli 1.19 -7.77 6.01 55.91 22.00 1,962 2,790
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.23 -2.62 7.79 5.47 21.20 1,670 2,239
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.20 -6.14 7.25 11.50 23.60 1,379 2,092
CAF MS China A Shr Fd Morgan Stanley 1.22 -15.60 0.14 0.00 0.00 624 2,763
AOD Alp Tot Dyn Div Fd Alpine 1.22 -9.56 7.68 29.00 4.45 1,069 2,116
IGD Voya Glbl Eq Div & Prm Opp Voya 1.18 -4.79 9.45 46.46 0.00 790 2,505
BGY BR Enh Intl DivTr BlackRock 1.20 -7.16 7.04 78.76 0.00 761 1,879
IFN India Fund Aberdeen 1.23 -11.77 6.67 0.00 0.00 877 2,019
TDF Tmp Dragon Fd Templeton 1.25 -12.94 2.28 0.00 0.00 846 1,554
FDEU FT Dyn Euro Eq Incm Fd First Trust 1.15 -6.09 8.05 36.81 22.83 331 1,035
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 1.21 -9.25 5.07 0.00 36.90 3,976 5,932
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 1.23 -6.48 5.64 0.00 37.29 3,342 4,848
NAD Nuv Qlty Muni Incm Fd Nuveen 1.21 -9.50 5.14 0.00 36.60 3,125 4,395
NZF Nuv Muni Cr Incm Fd Nuveen 1.22 -5.47 5.83 0.00 36.08 2,288 4,145
BBN BR Taxable Muni BndTr BlackRock 1.20 -3.39 6.85 0.00 35.71 1,365 2,332
NAC Nuv CA Qlty Muni Inc Fd Nuveen 1.21 -6.00 5.05 0.00 35.79 2,274 2,645
BTT BR Muni 2030 Tgt Trm Tr BlackRock 1.21 -7.30 3.84 0.00 35.84 1,708 2,240

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.