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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 1,095.02 -0.24 0.10 -0.63 -0.48 1.15 11.91 8.38 5.70 0.70 -1.22 9.27
NAV 1,092.53 -0.12 -0.12 0.01 1.06 3.05 10.14 6.98 6.63 0.17 0.79 8.97
Difference 0.12 -0.22 0.64 1.54 1.89 -1.78 -1.40 0.93 -0.53 2.01 -0.31
* 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 -0.17 -1.75 - - - 8.57
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 - - - 8.79
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 - - - 0.22
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
-4.23%
1Yr Disc
-3.00%
3Yr Disc
-5.66%
5Yr Disc
-3.91%
Rel Disc Range (3yr)
57.87%
Mkt Yield
7.23%
Lev Adj NAV Yield
5.47%
After Tax Yield*
5.46%
Est Tax Friction*
1.77%
3Yr NAV Volatiliy
5.12
1 Yr RoC
1.91%
3 Yr Dest RoC
0.53%
Leverage
27.41%
Non Lev Exp Ratio
1.37%
Beta (2yr)
0.21
Equity Exposure
1.80%
Bond Exposure
95.86%
# Holdings
96
Cash Weighted Duration
3.43
Comp NAV TR
0.41%
Comp Discount
0.43%
Net Assets (M)
504
Liquidity - 90d (K)
1,491
* 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 1.05 -8.27 6.54 0.00 33.37 280 1,103
AIF Apollo Tactical Incm Fd Apollo Credit 1.03 -10.66 7.66 0.00 35.27 254 823
ARDC Ares Dyn Cr Alloc Fd Ares 1.08 -8.59 7.64 0.00 29.16 414 1,141
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.04 -8.51 6.61 0.00 41.76 1,196 2,399
BGB B/GSO Stgc Cr Fd Blackstone 1.07 -5.70 7.86 0.00 35.47 760 2,696
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.02 -7.45 9.17 1.11 25.37 420 1,399
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.03 -2.99 6.15 0.00 29.30 222 673
BGT BR Flt Rt Incm Fd BlackRock 1.05 -3.95 5.05 0.00 30.09 342 957
BGX B/GSO Lng-Srt Cr Incm Fd Blackstone 1.07 -6.28 7.67 0.00 36.24 218 1,026
BHK BR Core Bnd Tr BlackRock 1.05 -6.71 5.61 1.35 29.08 804 1,592
BIT BR Mlt-Sctr Incm Tr BlackRock 1.04 -9.35 7.72 0.00 38.10 764 1,996
BKT BR Incm Tr BlackRock 1.05 -6.94 5.15 0.00 29.50 424 592
BLW BR Ltd Dur Incm Tr BlackRock 1.05 -6.57 5.99 2.67 28.36 631 1,264
BSL B/GSO Sr Flt Rt Trm Fd Blackstone 1.05 -1.86 6.70 0.00 32.96 270 946
BTZ BR Cr Alloc Incm Tr BlackRock 1.04 -10.38 6.05 4.59 23.00 1,593 2,057
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.02 -9.50 8.15 0.90 7.30 187 417
DBL DbLin Opportunistic Cr Fd Doubleline 1.00 3.40 8.91 12.18 21.29 324 1,372
DHF Dreyfus Hi Yld Stgs Fd Dreyfus 1.00 -6.25 8.55 0.00 30.82 256 563
DHG Deutsche Hi Incm Opp Fd Deutsche 1.06 -1.90 5.28 0.00 28.45 232 523
DHY CS Hi Yld Bnd Fd Credit Suisse 1.04 0.72 9.43 1.33 31.82 287 716
DMO WA Mortg Dfin Opp Fd Legg Mason 1.04 13.13 11.00 0.00 30.80 227 1,360
DSL DbLin Incm Solutions Fd Doubleline 1.02 -7.04 8.91 1.49 27.49 2,202 6,118
DSU BR Dbt Stgs Fd BlackRock 1.07 -8.33 7.04 0.00 32.75 760 1,304
EAD WF Incm Opp Fd Wells Fargo 1.03 -9.77 8.06 0.00 25.90 654 1,459
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.05 -8.81 5.36 2.85 34.90 136 440
EFR EV Sr Flt-Rt Tr Eaton Vance 1.03 -5.39 5.76 0.00 34.50 560 1,314
EFT EV Flt-Rt Incm Tr Eaton Vance 1.05 -7.02 5.57 0.00 34.00 619 1,624
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.06 -1.08 5.95 0.00 23.20 219 420
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.05 -8.28 9.89 0.00 27.00 498 1,543
EVF EV Sr Incm Tr Eaton Vance 1.04 -9.24 5.56 0.00 34.80 270 519
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.05 -8.24 6.54 10.19 36.50 273 607
EVV EV Ltd Dur Incm Fd Eaton Vance 1.02 -10.08 7.18 9.95 38.44 1,740 3,693
FCT FT Sr Flt Rt Incm Fd II First Trust 1.03 -6.63 5.82 10.85 30.35 374 1,035
FHY FT Stgc Hi Incm Fd II First Trust 1.00 -11.87 7.56 13.72 28.12 100 486
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.00 -5.77 5.47 0.00 26.61 348 1,426
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.04 -6.48 5.23 0.00 30.00 557 1,712
FSD FT Hi Incm Lng/Srt Fd First Trust 1.02 -9.52 9.42 10.02 19.68 538 1,942
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.06 -6.28 7.60 0.00 22.40 286 679
GGM Gghm Cr Alloc Fd Guggenheim 1.01 -2.23 9.94 0.00 27.96 165 593
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 1.03 -11.68 7.48 1.63 27.02 669 2,451
GOF Gghm Stgc Opp Fd Guggenheim 1.09 9.18 10.10 0.00 11.26 476 2,343
HIO WA Hi Incm Opp Fd Legg Mason 1.05 -10.50 6.56 3.26 0.00 726 1,695
HIX WA Hi Incm Fd II Legg Mason 1.04 -10.10 7.95 4.29 26.30 665 1,721
HNW Pioneer Divr Hi Incm Tr Pioneer 1.01 -9.71 7.26 0.00 30.60 145 628
HYB New Amrc Hi Incm Fd T. Rowe Price 1.03 -6.84 7.55 0.00 27.00 239 486
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.05 -9.34 7.09 1.30 0.00 383 1,003
HYT BR Corp Hi Yld Fd BlackRock 1.05 -9.40 7.57 0.00 30.47 1,548 3,667
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.09 2.37 4.72 0.00 0.00 228 512
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.04 -1.69 6.07 0.00 24.66 241 742
INSI Insight Sel Incm Fd Cutwater 1.06 -6.25 4.01 0.00 0.00 228 363
ISD Pru Srt Dur Hi Yld Fd Prudential 1.04 -10.63 7.51 0.00 23.59 550 1,993
IVH Ivy Hi Incm Opp Fd Ivy Investment 0.98 -8.10 9.84 0.00 32.57 264 875
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.09 1.11 5.62 0.00 24.87 275 505
JFR Nuv Flt Rt Incm Fd Nuveen 1.04 -1.48 7.14 0.00 36.46 655 2,198
JGH Nuv Glbl Hi Incm Fd Nuveen 1.04 -9.54 8.58 0.14 28.77 431 1,522
JHA Nuv Hi Incm Dec 2018 Tgt Trm Fd Nuveen 1.05 -1.69 3.94 0.00 8.00 296 853
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.06 -1.28 6.00 0.00 25.05 566 994
JHD Nuv Hi Incm Dec 2019 Tgt Trm Fd Nuveen 1.06 -2.34 4.98 0.00 20.10 277 605
JHI JH Invstr Tr John Hancock 1.00 -6.05 8.26 0.00 34.67 160 330
JHS JH Incm Sec Tr John Hancock 1.04 -5.08 5.99 0.00 33.48 179 335
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.06 0.91 5.64 0.00 22.22 153 486
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.03 -1.14 7.49 0.00 35.95 463 1,881
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.04 -4.64 7.55 0.00 37.25 178 586
KIO KKR Incm Opp Fd KKR Credit 0.93 -10.09 9.62 0.00 27.79 353 2,417
KMM Deutsche Multi-Mkt Incm Tr Deutsche 1.06 -4.19 4.71 0.00 24.36 208 395
MCI Barings Corp Invstr Barings 1.08 2.06 7.55 0.00 8.83 310 352
NCV AG Convt & Incm Fd Allianz 1.08 6.17 11.06 0.00 37.77 588 1,838
NCZ AG Convt & Incm Fd II Allianz 1.07 3.87 11.17 9.10 38.10 445 1,359
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.03 -11.25 7.40 4.11 32.20 259 528
NSL Nuv Sr Incm Fd Nuveen 1.05 -4.55 7.28 0.00 37.10 263 694
OXLC Oxford Lane Cap Corp Oxford Lane 1.04 3.40 15.94 0.00 37.00 245 1,617
PAI WA Incm Fd Legg Mason 1.00 0.65 4.47 0.00 0.00 145 287
PCF Putnam Hi Incm Sec Fd Putnam 1.07 -7.42 3.78 0.47 0.00 126 323
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.06 -3.99 8.72 0.01 46.66 3,229 12,994
PCM PCM Fund PIMCO 1.10 15.13 8.09 0.00 42.34 119 653
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.05 12.78 7.93 5.43 22.89 592 1,657
PDI PIMCO Dyn Incm Fd PIMCO 1.07 6.36 8.64 2.40 44.42 1,437 6,186
PFL PIMCO Incm Stgy Fd PIMCO 1.04 2.55 9.26 0.00 24.38 289 1,076
PFN PIMCO Incm Stgy Fd II PIMCO 1.06 2.45 9.18 0.00 23.10 606 2,147
PHD Pioneer Flt Rt Tr Pioneer 1.03 -6.60 6.21 0.00 31.70 307 771
PHK PIMCO Hi Incm Fd PIMCO 0.97 9.76 13.05 12.25 23.70 869 4,881
PHT Pioneer Hi Incm Tr Pioneer 1.04 -9.98 8.01 0.00 28.20 316 968
PIM Putnam Mstr Imd Incm Tr Putnam 1.05 -7.75 6.72 1.63 23.93 269 485
PKO PIMCO Incm Opp Fd PIMCO 1.07 2.74 8.70 0.00 40.03 385 1,538
PPR Voya Prime Rt Tr Voya 1.04 -9.57 5.06 0.00 27.91 834 2,294
PPT Putnam Prmr Incm Tr Putnam 1.04 -7.35 6.03 1.25 35.79 598 1,583
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.06 10.89 9.45 1.81 42.34 1,182 4,785
RCS PIMCO Stgc Incm Fd PIMCO 0.97 13.34 9.87 8.86 27.49 329 1,632
TLI WA Corp Ln Fd Legg Mason 1.04 -7.56 6.05 0.24 31.90 113 362
TSLF THL Cr Sr Ln Fd Four Wood 1.03 -8.12 6.83 0.00 28.97 136 600
VBF Invsc Bnd Fd Invesco 1.05 -3.48 4.20 1.24 0.00 232 599
VTA Invsc Dyn Cr Opp Fd Invesco 1.04 -10.96 6.82 15.18 31.92 967 2,761
VVR Invsc Sr Incm Tr Invesco 1.05 -9.03 5.55 9.96 30.34 877 2,033
WEA WA Prmr Bnd Fd Legg Mason 1.07 -5.36 5.88 0.00 25.10 173 460
WIA WA/C Inf-Lnk Sec & Incm Fd Western Asset 1.07 -11.51 3.57 7.65 27.50 382 591
WIW WA/C Inf-Lnk Opp & Incm Fd Western Asset 1.07 -11.69 3.81 9.94 26.28 785 1,143

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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