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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 1,112.47 0.15 -0.03 0.30 2.42 1.72 3.45 8.44 6.39 0.08 1.26 0.87
NAV 1,107.50 0.10 -0.16 0.37 1.08 1.51 4.91 6.34 6.34 0.17 0.75 1.06
Difference -0.05 -0.14 0.07 -1.34 -0.21 1.47 -2.10 -0.05 0.09 -0.51 0.19
* 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 - - - - - - - - - - - - 0.79
NAV 1.04 -0.60 -0.11 0.32 0.42 0.15 - - - - - - - - - - - - 0.89
Difference 1.49 -0.07 -0.71 0.70 -0.37 -0.23 - - - - - - - - - - - - 0.10
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
-3.33%
1Yr Disc
-3.06%
3Yr Disc
-4.38%
5Yr Disc
-3.73%
Rel Disc Range (3yr)
53.33%
Mkt Yield
7.22%
Lev Adj NAV Yield
5.53%
After Tax Yield*
5.46%
Est Tax Friction*
1.76%
3Yr NAV Volatiliy
5.00
1 Yr RoC
1.83%
3 Yr Dest RoC
0.65%
Leverage
27.84%
Non Lev Exp Ratio
1.37%
Beta (2yr)
0.14
Equity Exposure
2.17%
Bond Exposure
95.69%
# Holdings
96
Cash Weighted Duration
3.69
Comp NAV TR
0.58%
Comp Discount
1.54%
Net Assets (M)
491
Liquidity - 90d (K)
1,432
* 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 1.02 -6.94 6.98 0.00 33.70 276 1,598
AIF Apollo Tactical Incm Fd Apollo Credit 1.04 -9.94 7.96 0.00 35.26 252 743
ARDC Ares Dyn Cr Alloc Fd Ares 1.04 -9.00 7.98 0.00 32.50 408 1,063
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.02 -12.77 7.22 0.00 47.73 1,148 2,392
BGB B/GSO Stgc Cr Fd Blackstone 1.04 -6.39 7.96 0.00 36.46 755 2,135
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.06 -8.72 9.49 0.00 27.40 412 1,189
BGIO 2022 Glbl Incm Opp Tr BlackRock 0.98 -6.09 6.71 0.00 27.50 211 514
BGT BR Flt Rt Incm Fd BlackRock 0.97 -8.50 5.33 0.00 30.37 340 945
BGX B/GSO Lng-Srt Cr Incm Fd Blackstone 1.08 -2.32 7.35 0.00 38.39 219 1,043
BHK BR Core Bnd Tr BlackRock 1.00 -9.58 6.17 0.00 33.22 755 1,518
BIT BR Mlt-Sctr Incm Tr BlackRock 1.07 -8.42 8.15 4.50 41.16 710 2,087
BKT BR Incm Tr BlackRock 1.02 -9.31 5.53 0.00 30.22 404 562
BLW BR Ltd Dur Incm Tr BlackRock 1.03 -10.62 6.41 0.31 29.94 615 1,201
BSL B/GSO Sr Flt Rt Trm Fd Blackstone 1.02 1.92 6.46 0.00 33.06 270 817
BTZ BR Cr Alloc Incm Tr BlackRock 1.00 -13.30 6.63 3.88 31.68 1,486 2,062
CBH AG Convt & Incm 2024 Tgt Trm Allianz 1.06 -5.91 5.88 0.00 28.15 182 311
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.04 -9.48 8.38 0.90 21.00 182 625
DBL DbLin Opportunistic Cr Fd Doubleline 1.02 3.46 9.56 26.45 22.25 302 1,582
DHF Dreyfus Hi Yld Stgs Fd Dreyfus 1.05 -7.62 8.95 0.00 31.81 248 509
DHY CS Hi Yld Bnd Fd Credit Suisse 1.05 -0.75 9.06 1.39 30.52 276 692
DMO WA Mortg Dfin Opp Fd Legg Mason 1.03 13.38 9.51 0.00 31.30 221 1,054
DSL DbLin Incm Solutions Fd Doubleline 1.04 -1.81 8.97 2.34 28.87 2,071 5,968
DSU BR Dbt Stgs Fd BlackRock 1.01 -10.12 7.29 0.00 30.13 664 1,967
EAD WF Incm Opp Fd Wells Fargo 1.05 -10.90 7.79 0.00 26.38 620 1,401
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.05 -5.46 5.35 2.39 36.10 135 563
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.05 -3.81 5.40 0.00 35.50 229 556
EFR EV Sr Flt-Rt Tr Eaton Vance 1.03 -4.20 5.91 0.00 31.30 562 1,494
EFT EV Flt-Rt Incm Tr Eaton Vance 1.02 -5.84 5.64 0.00 34.90 621 1,968
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.04 -1.79 5.78 0.00 23.70 215 386
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.02 -7.62 10.25 14.32 27.30 448 1,323
EVF EV Sr Incm Tr Eaton Vance 1.00 -9.03 5.68 0.00 35.70 273 891
EVG EV Srt Dur Divr Incm Fd Eaton Vance 0.99 -12.51 6.00 7.24 38.70 266 551
EVV EV Ltd Dur Incm Fd Eaton Vance 1.01 -13.85 6.40 12.63 38.40 1,693 3,652
FCT FT Sr Flt Rt Incm Fd II First Trust 1.02 -7.92 5.58 4.39 30.33 374 900
FHY FT Stgc Hi Incm Fd II First Trust 1.02 -13.64 8.07 1.06 24.00 96 226
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.04 -3.32 5.37 0.00 22.34 345 820
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.00 -5.65 5.21 0.00 30.72 554 2,320
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.04 -7.45 7.34 0.00 23.50 267 607
GGM Gghm Cr Alloc Fd Guggenheim 1.09 3.53 9.75 0.00 31.57 159 627
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 1.03 -14.81 7.20 4.65 26.82 661 2,396
GOF Gghm Stgc Opp Fd Guggenheim 1.12 13.63 10.08 0.00 11.13 533 3,147
HIO WA Hi Incm Opp Fd Legg Mason 1.05 -10.72 6.58 1.58 0.00 699 1,270
HIX WA Hi Incm Fd II Legg Mason 1.04 -11.25 8.44 1.21 26.90 628 1,425
HNW Pioneer Divr Hi Incm Tr Pioneer 1.01 -13.31 7.81 0.00 31.00 140 409
HYB New Amrc Hi Incm Fd T. Rowe Price 1.03 -11.50 7.66 0.00 28.00 228 528
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.04 -10.30 7.30 1.65 0.00 370 778
HYT BR Corp Hi Yld Fd BlackRock 1.04 -11.74 7.98 0.00 30.79 1,493 2,632
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.00 3.38 4.98 0.00 0.00 214 371
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.05 -0.60 6.01 0.00 25.00 241 438
ISD Pru Srt Dur Hi Yld Fd Prudential 1.04 -13.90 7.25 0.00 23.27 543 2,232
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.06 -10.05 8.33 0.00 31.69 265 743
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.02 -4.88 6.03 0.00 28.91 272 573
JFR Nuv Flt Rt Incm Fd Nuveen 1.01 -8.34 6.54 0.00 36.67 655 1,600
JGH Nuv Glbl Hi Incm Fd Nuveen 1.01 -13.46 8.32 0.00 29.80 414 996
JHA Nuv Hi Incm Dec 2018 Tgt Trm Fd Nuveen 1.04 -1.61 3.31 0.00 0.00 292 505
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.03 -4.71 5.87 0.00 25.47 557 1,000
JHD Nuv Hi Incm Dec 2019 Tgt Trm Fd Nuveen 1.04 -1.79 4.26 0.00 8.27 272 431
JHI JH Invstr Tr John Hancock 0.99 -7.56 7.81 0.00 35.93 151 292
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.05 0.72 5.11 0.00 28.71 153 317
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.00 -8.84 6.68 0.00 36.16 464 1,565
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.08 -2.30 6.92 0.00 37.29 180 539
KIO KKR Incm Opp Fd KKR Credit 1.09 -5.70 9.06 1.37 24.85 357 1,719
KMM Deutsche Multi-Mkt Incm Tr Deutsche 1.04 -2.76 4.43 0.00 18.32 203 278
MCI Barings Corp Invstr Barings 1.07 0.46 7.83 0.00 8.96 303 341
NCV AG Convt & Incm Fd Allianz 1.10 10.78 11.16 1.92 38.58 562 1,589
NCZ AG Convt & Incm Fd II Allianz 1.08 6.53 11.42 9.78 38.90 426 1,380
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.02 -14.96 7.24 4.79 33.50 251 609
NSL Nuv Sr Incm Fd Nuveen 1.02 -7.28 6.31 0.00 37.18 265 620
OXLC Oxford Lane Cap Corp Oxford Lane 1.08 2.78 15.64 0.00 45.41 290 2,399
PAI WA Inv Grd Incm Fd Legg Mason 1.02 -6.31 5.11 0.00 0.00 137 352
PCF Putnam Hi Incm Sec Fd Putnam 1.07 -4.31 3.64 0.50 0.00 127 215
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.09 -0.46 8.33 0.00 45.88 3,258 11,102
PCM PCM Fund PIMCO 1.09 14.26 8.21 0.00 39.18 119 428
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.13 20.39 7.57 5.66 22.07 582 1,548
PDI PIMCO Dyn Incm Fd PIMCO 1.08 9.20 8.35 0.00 41.47 1,553 7,244
PFL PIMCO Incm Stgy Fd PIMCO 1.10 10.56 8.82 2.53 23.63 283 956
PFN PIMCO Incm Stgy Fd II PIMCO 1.08 6.80 8.99 0.00 22.36 596 1,968
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.17 39.45 9.89 11.43 23.17 114 1,418
PHD Pioneer Flt Rt Tr Pioneer 1.00 -8.77 6.41 0.00 31.90 305 860
PHK PIMCO Hi Incm Fd PIMCO 1.18 30.05 11.47 11.44 25.53 840 4,749
PHT Pioneer Hi Incm Tr Pioneer 1.04 -9.80 8.31 0.00 28.90 304 831
PIM Putnam Mstr Imd Incm Tr Putnam 1.03 -7.77 5.70 0.00 23.92 269 421
PKO PIMCO Incm Opp Fd PIMCO 1.10 9.37 8.32 0.00 38.59 379 2,646
PPR Voya Prime Rt Tr Voya 1.01 -10.44 5.74 0.00 25.88 835 1,715
PPT Putnam Prmr Incm Tr Putnam 1.05 -6.43 5.95 1.19 32.62 598 1,221
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.10 21.19 8.80 3.72 43.75 1,189 6,129
RCS PIMCO Stgc Incm Fd PIMCO 1.10 33.10 8.92 5.60 27.70 313 1,082
TLI WA Corp Ln Fd Legg Mason 1.02 -9.48 6.22 2.42 32.40 112 328
TSI TCW Stgc Incm Fd TCW 1.03 -6.95 5.09 0.00 0.00 281 363
TSLF THL Cr Sr Ln Fd Four Wood 1.05 -5.54 6.63 0.00 29.60 137 417
VBF Invsc Bnd Fd Invesco 1.02 -7.75 4.70 1.44 0.00 217 543
VTA Invsc Dyn Cr Opp Fd Invesco 1.04 -11.08 6.40 10.37 32.22 977 2,009
VVR Invsc Sr Incm Tr Invesco 1.02 -11.84 5.42 7.33 29.00 882 1,488
WEA WA Prmr Bnd Fd Legg Mason 1.02 -7.63 6.20 0.00 25.20 162 397
WIA WA Inf-Lnk Incm Fd Western Asset 1.01 -12.47 3.69 0.00 28.12 374 513
WIW WA Inf-Lnk Opp & Incm Fd Western Asset 1.00 -12.19 3.95 0.72 28.72 763 831

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 %