CEF Advisors

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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 1,106.53 0.08 -0.43 0.96 1.45 4.73 14.84 26.29 16.21 -0.18 -0.18 10.31
NAV 1,088.31 0.05 0.14 0.94 1.98 4.92 10.82 21.25 15.82 0.40 0.40 8.58
Difference -0.03 0.56 -0.01 0.53 0.19 -4.03 -5.04 -0.40 0.59 0.59 -1.74
* 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 3.30 1.82 -0.59 4.56 2.28 0.90 0.30 3.51 8.07 1.82 -0.55 1.15 2.43 - - - - - 10.50
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 - - - - - 8.17
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 - - - - - -2.32

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-2.89%
1Yr Disc
-3.26%
3Yr Disc
-5.66%
5Yr Disc
-3.64%
Rel Disc Range (3yr)
66.14%
Mkt Yield
7.20%
Lev Adj NAV Yield
5.52%
After Tax Yield*
5.43%
Est Tax Friction*
1.77%
3Yr NAV Volatiliy
5.14
1 Yr RoC
1.99%
3 Yr Dest RoC
0.90%
Leverage
27.60%
Non Lev Exp Ratio
1.38%
Beta (2yr)
0.23
Equity Exposure
1.87%
Bond Exposure
95.63%
# Holdings
96
Cash Weighted Duration
3.53
Comp NAV TR
0.50%
Comp Discount
0.33%
Net Assets (M)
504
Liquidity - 90d (K)
1,446
* 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


96 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo Credit 1.04 -7.59 6.47 0.00 33.37 281 932
AIF Apollo Tactical Incm Fd Apollo Credit 1.05 -6.99 7.39 0.00 35.36 253 858
ARDC Ares Dyn Cr Alloc Fd Ares 1.05 -8.31 7.67 0.00 29.16 411 1,260
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.05 -6.84 6.41 0.00 48.73 1,211 1,830
BGB B/GSO Stgc Cr Fd Blackstone 1.05 -6.52 7.85 0.00 36.25 767 2,329
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.06 -1.94 8.87 2.21 26.35 425 1,324
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.04 -0.20 5.98 0.00 30.37 223 473
BGT BR Flt Rt Incm Fd BlackRock 1.04 -2.69 4.97 0.00 30.17 343 827
BGX B/GSO Lng-Srt Cr Incm Fd Blackstone 1.07 -5.14 7.53 0.00 36.25 220 994
BHK BR Core Bnd Tr BlackRock 1.05 -4.65 5.51 1.35 27.59 801 1,416
BIT BR Mlt-Sctr Incm Tr BlackRock 1.03 -8.02 7.59 0.00 36.88 766 2,048
BKT BR Incm Tr BlackRock 1.04 -6.02 5.10 0.00 30.41 425 512
BLW BR Ltd Dur Incm Tr BlackRock 1.05 -5.55 5.90 2.65 29.02 634 1,668
BSL B/GSO Sr Flt Rt Trm Fd Blackstone 1.05 -1.07 6.61 0.00 32.90 271 800
BTZ BR Cr Alloc Incm Tr BlackRock 1.04 -9.23 5.97 4.59 20.73 1,594 2,022
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.05 -5.82 7.76 3.79 7.35 189 357
DBL DbLin Opportunistic Cr Fd Doubleline 1.01 6.33 8.65 10.78 19.89 324 1,207
DHF Dreyfus Hi Yld Stgs Fd Dreyfus 1.03 -2.79 8.08 0.00 30.82 261 489
DHG Deutsche Hi Incm Opp Fd Deutsche 1.04 -2.39 5.48 0.00 28.45 235 570
DHY CS Hi Yld Bnd Fd Credit Suisse 1.04 2.50 9.20 0.00 31.82 285 622
DMO WA Mortg Dfin Opp Fd Legg Mason 1.07 19.33 10.39 0.00 31.08 228 1,532
DSL DbLin Incm Solutions Fd Doubleline 1.04 -3.12 8.53 1.93 27.62 2,207 6,836
DSU BR Dbt Stgs Fd BlackRock 1.06 -7.51 6.95 0.00 32.82 765 1,336
EAD WF Incm Opp Fd Wells Fargo 1.04 -8.00 7.85 0.00 25.83 661 1,459
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.05 -7.20 5.44 2.79 35.60 137 369
EFR EV Sr Flt-Rt Tr Eaton Vance 1.03 -3.47 5.62 0.00 36.10 563 1,035
EFT EV Flt-Rt Incm Tr Eaton Vance 1.05 -6.21 5.49 0.00 35.50 622 1,275
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.05 -1.74 5.91 0.00 23.20 222 463
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.04 -7.31 9.70 0.00 27.00 502 1,840
EVF EV Sr Incm Tr Eaton Vance 1.04 -8.09 5.28 0.00 36.20 272 427
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.04 -7.42 6.45 14.13 38.50 275 818
EVV EV Ltd Dur Incm Fd Eaton Vance 1.04 -7.92 6.93 8.83 35.16 1,760 3,262
FCT FT Sr Flt Rt Incm Fd II First Trust 1.04 -5.86 5.72 9.29 28.60 378 1,058
FHY FT Stgc Hi Incm Fd II First Trust 1.04 -8.57 7.14 11.81 24.79 102 555
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.04 -1.53 5.19 0.00 27.21 351 936
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.04 -5.00 5.14 0.00 29.73 558 2,107
FSD FT Hi Incm Lng/Srt Fd First Trust 1.05 -6.52 8.95 6.86 19.41 547 2,441
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.05 -4.74 7.45 0.00 22.35 287 779
GGM Gghm Cr Alloc Fd Guggenheim 1.03 1.86 9.48 0.00 28.58 166 606
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 1.04 -10.24 7.29 1.46 26.87 675 2,182
GOF Gghm Stgc Opp Fd Guggenheim 1.04 7.41 10.32 0.00 19.56 460 2,050
HIO WA Hi Incm Opp Fd Legg Mason 1.05 -9.36 6.78 4.69 0.00 731 1,429
HIX WA Hi Incm Fd II Legg Mason 1.06 -7.06 8.12 5.03 26.31 672 1,446
HNW Pioneer Divr Hi Incm Tr Pioneer 1.03 -5.97 8.42 0.00 30.30 145 478
HYB New Amrc Hi Incm Fd T. Rowe Price 1.04 -5.01 7.30 0.00 28.00 243 581
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.05 -7.87 7.32 1.22 0.00 385 858
HYT BR Corp Hi Yld Fd BlackRock 1.05 -7.69 7.37 0.00 30.14 1,562 3,270
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.05 1.05 4.80 0.00 0.00 228 541
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.05 1.39 5.88 0.00 25.00 241 560
INSI Insight Sel Incm Fd Cutwater 1.03 -6.50 4.03 0.00 0.00 227 432
ISD Pru Srt Dur Hi Yld Fd Prudential 1.04 -9.34 7.33 0.00 24.45 555 1,772
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.03 -2.83 9.11 0.00 32.11 270 872
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.06 0.10 5.65 0.00 24.91 276 495
JFR Nuv Flt Rt Incm Fd Nuveen 1.04 -0.17 6.97 0.00 36.49 662 1,662
JGH Nuv Glbl Hi Incm Fd Nuveen 1.05 -7.28 8.32 0.29 28.85 434 1,593
JHA Nuv Hi Incm Dec 2018 Tgt Trm Fd Nuveen 1.04 -1.29 4.21 0.00 9.81 297 738
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.06 -0.59 5.92 0.00 25.04 569 929
JHD Nuv Hi Incm Dec 2019 Tgt Trm Fd Nuveen 1.05 -1.85 5.23 0.00 24.41 278 556
JHI JH Invstr Tr John Hancock 1.04 -4.09 7.30 0.00 34.76 164 394
JHS JH Incm Sec Tr John Hancock 1.05 -4.44 5.21 0.00 33.58 181 345
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.04 0.90 5.85 0.00 22.39 153 495
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.03 0.35 7.29 0.00 36.11 466 1,185
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.05 -3.30 7.35 0.00 37.29 181 620
KIO KKR Incm Opp Fd KKR 0.98 -8.67 8.90 0.00 22.92 281 1,328
KMM Deutsche Multi-Mkt Incm Tr Deutsche 1.05 -3.95 4.67 0.00 24.36 210 458
MCI Barings Corp Invstr Barings 1.04 3.55 7.61 0.00 9.02 302 393
NCV AG Convt & Incm Fd Allianz 1.06 6.44 10.97 0.00 37.89 591 1,981
NCZ AG Convt & Incm Fd II Allianz 1.06 4.50 11.00 8.34 38.22 448 1,632
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.05 -9.38 7.14 4.74 32.40 263 623
NSL Nuv Sr Incm Fd Nuveen 1.07 -1.45 6.96 0.00 37.15 267 614
OXLC Oxford Lane Cap Corp Oxford Lane 1.10 5.99 22.24 0.00 42.06 232 1,553
PAI WA Incm Fd Legg Mason 1.01 3.40 4.36 0.00 0.00 145 409
PCF Putnam Hi Incm Sec Fd Putnam 1.06 -7.09 3.76 0.46 0.00 126 347
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.02 -5.25 8.80 0.01 46.61 3,240 12,349
PCM PCM Fund PIMCO 1.06 12.68 8.18 0.00 42.61 120 725
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.02 10.44 7.98 5.77 22.51 600 2,480
PDI PIMCO Dyn Incm Fd PIMCO 1.02 2.90 8.88 2.53 44.79 1,438 7,115
PFL PIMCO Incm Stgy Fd PIMCO 1.03 2.59 9.08 0.00 24.18 295 1,253
PFN PIMCO Incm Stgy Fd II PIMCO 1.04 1.35 9.11 0.00 23.35 617 2,255
PHD Pioneer Flt Rt Tr Pioneer 1.05 -3.29 5.97 0.00 31.70 309 783
PHK PIMCO Hi Incm Fd PIMCO 0.97 10.58 12.69 13.81 23.54 886 4,159
PHT Pioneer Hi Incm Tr Pioneer 1.05 -7.54 7.76 0.00 28.40 318 1,001
PIM Putnam Mstr Imd Incm Tr Putnam 1.07 -4.35 6.45 1.63 22.72 271 537
PKO PIMCO Incm Opp Fd PIMCO 1.03 0.58 8.80 0.00 40.43 388 1,942
PPR Voya Prime Rt Tr Voya 1.03 -8.82 5.22 0.00 31.49 838 1,784
PPT Putnam Prmr Incm Tr Putnam 1.07 -3.21 5.75 1.25 35.84 602 1,592
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.05 10.96 9.34 1.35 42.14 1,182 5,333
RCS PIMCO Stgc Incm Fd PIMCO 0.98 17.10 9.48 10.10 22.93 332 1,448
TLI WA Corp Ln Fd Legg Mason 1.04 -5.71 6.70 0.00 32.74 113 339
TSLF THL Cr Sr Ln Fd Four Wood 1.03 -7.07 6.69 0.00 29.60 137 411
VBF Invsc Bnd Fd Invesco 1.03 -3.23 4.19 0.96 0.00 232 693
VTA Invsc Dyn Cr Opp Fd Invesco 1.04 -8.60 7.15 16.28 30.81 965 2,599
VVR Invsc Sr Incm Tr Invesco 1.03 -8.62 5.53 9.45 30.24 877 2,015
WEA WA Prmr Bnd Fd Legg Mason 1.06 -4.39 5.81 0.00 25.25 173 470
WIA WA/C Inf-Lnk Sec & Incm Fd Western Asset 1.04 -11.47 3.60 10.44 27.56 379 563
WIW WA/C Inf-Lnk Opp & Incm Fd Western Asset 1.04 -11.73 3.85 11.74 26.33 777 1,145

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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