CEF Advisors

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04. Covered Call / Option Funds Index

Data as of May 26, 2017

About the Index

Covered Call Equity grouping according to CEFdata.com. 90-day average trade dollar $ liquidity over $500K. Equal weight each fund for the index. 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 1,131.20 -0.30 1.19 2.36 6.40 12.68 20.83 7.75 12.06 1.22 5.47 12.51
NAV 1,170.90 -0.03 0.74 1.56 3.77 9.48 16.01 7.00 10.55 1.08 2.91 7.17
Difference 0.26 -0.44 -0.80 -2.63 -3.20 -4.82 -0.75 -1.51 -0.14 -2.57 -5.34
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,082.38
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 2017
Price 3.71 2.02 -0.15 7.04 3.82 - - - - - - - - - - - 12.51
NAV 1.64 1.90 -0.29 4.27 1.65 - - - - - - - - - - - 7.17

Performance Chart

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Discount

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Characteristics

PORTFOLIO
Weighted Average Data
Discount
-3.11%
1Yr Disc
-5.87%
3Yr Disc
-6.28%
5Yr Disc
-7.07%
Rel Disc Range (3yr)
73.41%
Mkt Yield
7.96%
Lev Adj NAV Yield
7.55%
After Tax Yield*
7.41%
Est Tax Friction*
0.55%
3Yr NAV Volatiliy
12.58
1 Yr RoC
65.84%
3 Yr Dest RoC
23.98%
Leverage
2.17%
Non Lev Exp Ratio
1.08%
Beta (2yr)
0.90
Equity Exposure
96.29%
Bond Exposure
2.29%
# Holdings
24
Cash Weighted Duration
Comp NAV TR
1.82%
Comp Discount
0.45%
Net Assets (M)
811
Liquidity - 90d (K)
2,364
* 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


24 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
BDJ BR Enh Eq Div Tr BlackRock 4.02 -8.38 6.49 47.23 0.00 1,772 3,997
BOE BR Glbl Opp Eq Tr BlackRock 4.27 -8.65 7.04 66.05 0.00 1,008 3,169
BST BR Sci & Tech Tr BlackRock 4.29 -7.05 5.26 99.64 0.00 549 2,123
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 4.27 -0.35 6.51 36.08 0.00 1,459 3,021
CII BR Enh Cap & Incm Fd BlackRock 4.12 -6.68 6.70 87.41 0.00 701 2,270
DIAX Nuv Dow 30SM Dyn Owrt Fd Nuveen 4.18 -5.96 6.29 72.30 0.00 624 1,703
EOI EV Enh Eq Incm Fd Eaton Vance 4.11 -5.20 7.68 89.68 0.00 558 1,450
EOS EV Enh Eq Incm Fd II Eaton Vance 4.31 -3.12 7.19 75.82 0.00 718 1,844
ETB EV Tx-Mgd By-Wrt Incm Fd Eaton Vance 4.03 3.26 7.86 65.28 0.00 394 928
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 4.06 -7.69 9.87 72.30 0.00 637 2,616
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 4.07 7.26 8.57 72.89 0.00 925 2,336
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 4.21 1.41 9.50 88.24 0.00 1,206 3,194
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 4.08 -4.07 8.94 66.47 0.00 1,763 5,200
EXG EV Tx-Mgd Glol Divr Eq Incm Eaton Vance 4.23 -3.94 10.11 87.12 0.00 2,831 9,149
FFA FT Enh Eq Incm Fd First Trust 4.05 -8.60 6.77 36.96 0.00 323 694
GPM Gghm Enh Eq Incm Fd Guggenheim 4.09 -4.36 11.51 63.18 30.35 419 1,524
HEQ JH Hgd Eq & Incm Fd John Hancock 4.08 -2.47 8.66 58.37 0.00 217 661
IGA Voya Glbl Adv & Prm Opp Fd Voya 4.17 -8.40 8.34 61.84 0.00 216 823
INB C&S Glbl Incm Bldr Cohen & Steers 4.13 -8.66 8.72 78.87 22.50 240 705
IRR Voya NtrRes Eq Incm Fd Voya 3.94 -0.47 10.19 90.33 0.00 144 582
NFJ AG NFJ Div Int & Prm Stgy Allianz 4.09 -8.33 9.01 93.75 0.00 1,377 3,078
QQQX Nuv Nasdaq 100 Dyn Ovr Fd Nuveen 4.41 4.09 6.19 49.25 0.00 795 2,934
SPXX Nuv S&P 500 Dyn Owrt Fd Nuveen 4.27 -0.44 6.11 28.84 0.00 255 879
STK ClmbSlgmn Prm Tech Gwth Fd Columbia Mngmt 4.53 10.55 7.99 0.00 0.00 322 1,675

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.

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