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08. US Bond Index

Data as of

About the Index

(1) Taxable Bond Funds groupings according to CEFdata.com. (2) Removing funds with US / Non US Equity allocations over 5% each. (3) US Bond allocation over 80%. (4) 1 Year Trailing Income dividend classification over 80%. (5) 90-day average trade dollar $ liquidity over $250K. 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 1,128.32 -0.00 0.18 1.35 1.96 3.89 4.25 10.28 6.79 0.75 1.51 2.30
NAV 1,118.81 0.05 -0.23 0.54 1.50 1.98 4.67 7.28 6.29 -0.05 1.10 2.08
Difference 0.05 -0.41 -0.80 -0.45 -1.91 0.41 -3.01 -0.50 -0.80 -0.41 -0.22
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price -0.45 -0.53 0.60 -0.38 0.79 0.38 -0.00 1.17 0.79 0.75 - - - - - - - - 1.55
NAV 1.04 -0.60 -0.11 0.32 0.42 0.15 0.09 0.67 0.99 1.15 - - - - - - - - 2.13
Difference 1.49 -0.07 -0.71 0.70 -0.37 -0.23 0.10 -0.50 0.19 0.40 - - - - - - - - 0.58
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 3.30 1.82 -0.59 4.56 2.28 0.90 0.30 3.51 8.07 1.82 -0.55 1.15 2.43 -0.17 -1.75 1.42 -0.51 1.91 9.98
NAV 1.78 1.33 0.17 3.30 1.15 1.11 0.42 2.70 6.00 1.16 0.28 0.71 2.17 0.68 -0.06 0.48 1.10 3.27 9.27
Difference -1.53 -0.50 0.76 -1.26 -1.13 0.21 0.12 -0.81 -2.07 -0.66 0.83 -0.44 -0.26 0.84 1.69 -0.95 1.61 1.35 -0.71
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -2.67 -0.57 7.57 4.10 3.01 1.40 1.62 6.14 10.24 3.98 2.18 0.22 6.48 -0.45 0.22 3.10 2.86 9.34 19.58
NAV -1.71 -0.89 4.00 1.31 3.22 1.06 1.17 5.53 6.85 2.62 1.83 1.31 5.87 0.84 -0.17 1.79 2.48 8.35 15.20
Difference 0.97 -0.33 -3.56 -2.78 0.21 -0.34 -0.45 -0.61 -3.39 -1.36 -0.35 1.09 -0.61 1.29 -0.38 -1.31 -0.38 -0.99 -4.38
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 0.92 2.72 -0.43 3.22 1.51 -0.87 -3.47 -2.87 0.35 -1.02 -2.60 -1.92 -5.45 4.10 -1.94 -0.55 1.52 -3.92 -3.57
NAV 0.68 2.15 0.09 2.94 1.35 0.42 -0.99 0.77 3.70 -0.27 -1.54 -2.04 -3.81 1.44 -1.50 -2.48 -2.55 -6.36 -2.66
Difference -0.24 -0.57 0.51 -0.28 -0.16 1.29 2.48 3.63 3.35 0.75 1.06 -0.12 1.64 -2.66 0.44 -1.93 -4.08 -2.44 0.91

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-3.24%
1Yr Disc
-3.61%
3Yr Disc
-4.22%
5Yr Disc
-4.10%
Rel Disc Range (3yr)
52.33%
Mkt Yield
7.17%
Lev Adj NAV Yield
5.48%
After Tax Yield*
5.42%
Est Tax Friction*
1.75%
3Yr NAV Volatiliy
4.93
1 Yr RoC
1.78%
3 Yr Dest RoC
0.35%
Leverage
28.33%
Non Lev Exp Ratio
1.37%
Beta (2yr)
0.13
Equity Exposure
2.56%
Bond Exposure
95.10%
# Holdings
93
Cash Weighted Duration
3.55
Comp NAV TR
0.46%
Comp Discount
1.31%
Net Assets (M)
485
Liquidity - 90d (K)
1,348
* 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


93 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo Credit 1.06 -7.95 7.26 0.00 33.70 274 1,237
AIF Apollo Tactical Incm Fd Apollo Credit 1.07 -9.77 8.23 0.00 35.26 250 900
ARDC Ares Dyn Cr Alloc Fd Ares 1.06 -9.59 8.05 0.00 30.36 407 1,157
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.08 -12.41 7.24 0.00 47.73 1,140 2,190
BGB B/GSO Stgc Cr Fd Blackstone 1.09 -4.55 7.80 0.00 36.46 756 1,750
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.11 -6.09 9.15 4.85 27.40 415 1,652
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.06 -5.94 6.76 0.00 16.65 209 558
BGT BR Flt Rt Incm Fd BlackRock 1.08 -7.87 5.61 0.00 30.11 340 1,033
BGX B/GSO Lng-Srt Cr Incm Fd Blackstone 1.08 -3.07 7.39 0.00 38.39 219 752
BHK BR Core Bnd Tr BlackRock 1.07 -8.40 6.06 0.00 29.54 758 1,521
BIT BR Mlt-Sctr Incm Tr BlackRock 1.09 -6.72 8.00 5.09 38.05 710 1,962
BKT BR Incm Tr BlackRock 1.06 -8.25 7.14 0.13 32.31 402 585
BLW BR Ltd Dur Incm Tr BlackRock 1.07 -10.44 6.39 0.20 28.86 612 1,324
BSL B/GSO Sr Flt Rt Trm Fd Blackstone 1.07 2.42 6.40 0.00 33.06 271 729
BTZ BR Cr Alloc Incm Tr BlackRock 1.09 -12.56 6.53 1.16 31.42 1,490 2,777
CBH AG Convt & Incm 2024 Tgt Trm Allianz 1.07 -6.27 5.95 0.00 27.83 181 318
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.06 -9.80 8.63 0.89 21.00 181 526
DHF Dreyfus Hi Yld Stgs Fd Dreyfus 1.06 -7.67 9.01 0.00 31.81 246 500
DHY CS Hi Yld Bnd Fd Credit Suisse 1.05 -1.89 9.23 1.41 34.75 274 656
DMO WA Mortg Dfin Opp Fd Legg Mason 1.09 9.66 9.80 0.00 31.30 222 1,280
DSL DbLin Incm Solutions Fd Doubleline 1.07 -1.13 8.95 2.17 28.87 2,062 5,974
DSU BR Dbt Stgs Fd BlackRock 1.07 -10.14 7.30 0.33 31.68 663 1,344
EAD WF Incm Opp Fd Wells Fargo 1.07 -10.84 7.82 0.00 26.74 617 1,107
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.03 -10.01 5.66 2.40 36.10 136 432
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.05 -3.71 5.52 0.00 35.50 229 375
EFR EV Sr Flt-Rt Tr Eaton Vance 1.06 -7.41 5.89 0.00 31.30 567 1,414
EFT EV Flt-Rt Incm Tr Eaton Vance 1.09 -5.73 5.43 0.00 34.90 627 1,528
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.06 -3.60 5.91 0.00 23.70 215 416
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.08 -6.82 10.14 7.18 27.30 443 1,407
EVF EV Sr Incm Tr Eaton Vance 1.09 -9.68 5.70 0.00 35.70 274 899
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.06 -12.64 6.00 6.69 38.70 266 527
EVV EV Ltd Dur Incm Fd Eaton Vance 1.08 -12.54 6.30 11.35 38.40 1,695 3,925
FCT FT Sr Flt Rt Incm Fd II First Trust 1.07 -8.34 5.60 5.29 27.21 375 850
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.07 -4.15 5.41 0.00 28.97 346 718
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.06 -6.72 5.58 0.00 30.30 554 1,817
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.06 -7.77 7.34 0.00 23.50 267 487
GGM Gghm Cr Alloc Fd Guggenheim 1.10 5.57 9.73 0.00 31.97 156 535
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 1.07 -14.75 7.23 5.17 26.82 658 2,198
HIO WA Hi Incm Opp Fd Legg Mason 1.07 -11.44 6.63 2.10 0.00 700 1,240
HIX WA Hi Incm Fd II Legg Mason 1.07 -11.46 8.52 2.30 25.85 624 1,289
HNW Pioneer Divr Hi Incm Tr Pioneer 1.07 -12.92 7.83 0.00 31.40 139 385
HYB New Amrc Hi Incm Fd T. Rowe Price 1.05 -12.91 7.76 0.00 28.00 228 516
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.06 -10.82 7.36 1.31 0.00 369 704
HYT BR Corp Hi Yld Fd BlackRock 1.08 -10.63 8.16 0.00 32.12 1,481 2,700
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.02 -0.25 5.11 0.00 0.00 217 355
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.07 -2.37 6.06 0.00 24.76 243 395
ISD Pru Srt Dur Hi Yld Fd Prudential 1.08 -13.37 7.22 0.00 23.27 542 1,737
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.07 -9.83 8.33 0.00 31.64 265 757
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.08 -2.76 5.92 0.00 28.86 271 509
JFR Nuv Flt Rt Incm Fd Nuveen 1.06 -10.09 6.67 0.00 36.77 655 1,879
JGH Nuv Glbl Hi Incm Fd Nuveen 1.10 -10.82 8.11 2.37 29.89 412 1,037
JHA Nuv Hi Incm Dec 2018 Tgt Trm Fd Nuveen 1.06 -1.21 3.30 0.00 0.00 292 518
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.08 -3.41 5.80 0.00 25.52 556 883
JHD Nuv Hi Incm Dec 2019 Tgt Trm Fd Nuveen 1.07 -1.99 4.27 0.00 6.71 271 514
JHI JH Invstr Tr John Hancock 1.09 -6.97 7.62 0.00 36.06 154 303
JHS JH Incm Sec Tr John Hancock 1.07 -7.84 5.22 0.00 34.82 171 396
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.05 1.03 5.12 0.00 28.72 153 276
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.05 -10.50 6.80 0.00 36.25 464 1,485
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.06 -5.66 7.17 0.00 37.36 180 655
KMM Deutsche Multi-Mkt Incm Tr Deutsche 1.08 -1.22 4.36 0.00 10.79 203 384
MCI Barings Corp Invstr Barings 1.10 1.86 7.82 0.00 9.05 302 300
NCV AG Convt & Incm Fd Allianz 1.09 11.85 11.02 6.84 38.86 564 1,428
NCZ AG Convt & Incm Fd II Allianz 1.09 7.21 11.31 11.66 39.18 427 1,225
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.07 -14.87 7.26 4.11 33.50 250 641
NSL Nuv Sr Incm Fd Nuveen 1.06 -10.76 6.55 0.00 37.24 266 776
OXLC Oxford Lane Cap Corp Oxford Lane 1.15 12.22 14.46 0.00 37.76 287 3,039
PAI WA Inv Grd Incm Fd Legg Mason 1.07 -5.35 5.00 0.00 0.00 138 296
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.10 1.35 8.19 0.00 45.34 3,254 10,786
PCM PCM Fund PIMCO 1.09 14.54 8.23 0.00 38.91 118 419
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.12 24.41 7.36 6.46 21.29 581 1,534
PDI PIMCO Dyn Incm Fd PIMCO 1.09 12.05 8.15 0.00 39.74 1,603 7,035
PFL PIMCO Incm Stgy Fd PIMCO 1.10 10.00 8.93 5.77 23.27 281 947
PFN PIMCO Incm Stgy Fd II PIMCO 1.11 8.35 8.91 0.00 22.19 593 2,027
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.12 49.09 9.40 18.75 21.84 113 1,169
PHD Pioneer Flt Rt Tr Pioneer 1.05 -10.41 6.53 0.00 32.00 304 965
PHK PIMCO Hi Incm Fd PIMCO 1.14 37.17 10.98 20.16 24.54 833 4,704
PHT Pioneer Hi Incm Tr Pioneer 1.05 -10.79 8.50 0.00 29.20 301 692
PIM Putnam Mstr Imd Incm Tr Putnam 1.06 -7.24 5.73 0.00 23.92 266 470
PKO PIMCO Incm Opp Fd PIMCO 1.07 9.25 8.36 0.00 34.01 379 2,199
PPR Voya Prime Rt Tr Voya 1.06 -11.68 6.01 0.00 25.88 835 1,645
PPT Putnam Prmr Incm Tr Putnam 1.08 -4.33 5.89 0.06 32.62 592 1,201
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.11 22.88 8.67 4.90 42.96 1,206 6,038
RCS PIMCO Stgc Incm Fd PIMCO 1.08 34.25 8.85 5.79 28.17 313 1,121
TLI WA Corp Ln Fd Legg Mason 1.06 -11.49 6.35 2.48 32.40 112 328
TSI TCW Stgc Incm Fd TCW 1.08 -6.12 5.06 0.00 0.00 280 323
TSLF THL Cr Sr Ln Fd THL Credit 1.05 -7.60 6.77 0.00 29.60 137 341
VBF Invsc Bnd Fd Invesco 1.06 -7.32 4.64 1.26 0.00 219 526
VLT Invsc Hi Incm Tr II Invesco 1.08 -12.97 7.40 5.89 27.23 127 232
VVR Invsc Sr Incm Tr Invesco 1.07 -12.45 5.45 6.55 29.41 882 1,539
WEA WA Prmr Bnd Fd Legg Mason 1.09 -6.92 6.10 0.00 25.20 163 362
WIA WA Inf-Lnk Incm Fd Western Asset 1.06 -10.14 3.62 0.00 28.00 371 482
WIW WA Inf-Lnk Opp & Incm Fd Western Asset 1.05 -10.87 3.93 0.00 28.00 754 952
XFLT XAI Octgn Flt Rt & Alt Incm Trm XA Investments 1.17 5.50 8.30 0.00 32.40 79 361

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.

Class E Units       8% PIK             8.00 %   11/6/2021     4,055,099       4,055,099       4,055,099       2.32 %