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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 1,087.96 0.16 0.41 -1.68 0.30 -0.28 4.57 7.24 4.50 -0.91 -1.35 -1.35
NAV 1,095.34 -0.04 0.07 -0.85 0.73 2.37 6.94 6.63 6.13 -1.07 -0.05 -0.05
Difference -0.20 -0.34 0.83 0.43 2.66 2.38 -0.62 1.64 -0.16 1.31 1.31
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 - - - - - - - - - - - - - - - - - -0.44
NAV 1.04 - - - - - - - - - - - - - - - - - 1.03
Difference 1.49 - - - - - - - - - - - - - - - - - 1.47
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
-4.78%
1Yr Disc
-2.62%
3Yr Disc
-4.82%
5Yr Disc
-3.42%
Rel Disc Range (3yr)
51.88%
Mkt Yield
7.28%
Lev Adj NAV Yield
5.49%
After Tax Yield*
5.50%
Est Tax Friction*
1.78%
3Yr NAV Volatiliy
4.99
1 Yr RoC
1.71%
3 Yr Dest RoC
0.63%
Leverage
27.31%
Non Lev Exp Ratio
1.37%
Beta (2yr)
0.15
Equity Exposure
1.71%
Bond Exposure
96.08%
# Holdings
101
Cash Weighted Duration
3.41
Comp NAV TR
0.60%
Comp Discount
0.71%
Net Assets (M)
483
Liquidity - 90d (K)
1,834
* 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


101 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo Credit 1.01 -8.26 6.57 0.00 33.44 279 1,168
AIF Apollo Tactical Incm Fd Apollo Credit 1.00 -10.73 7.67 0.00 35.14 253 1,211
ARDC Ares Dyn Cr Alloc Fd Ares 1.00 -9.02 7.89 0.00 30.99 412 1,298
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.96 -11.08 6.92 0.00 37.05 1,175 3,315
BGB B/GSO Stgc Cr Fd Blackstone 1.01 -6.87 7.94 0.00 35.74 761 3,215
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.99 -8.33 9.44 0.00 25.93 412 1,775
BGIO 2022 Glbl Incm Opp Tr BlackRock 0.99 -3.62 6.26 0.00 30.00 220 818
BGT BR Flt Rt Incm Fd BlackRock 1.00 -4.64 5.08 0.00 29.60 342 998
BGX B/GSO Lng-Srt Cr Incm Fd Blackstone 1.01 -7.41 7.73 0.00 37.79 219 1,192
BHK BR Core Bnd Tr BlackRock 0.94 -8.82 5.99 0.00 31.20 771 1,676
BIT BR Mlt-Sctr Incm Tr BlackRock 0.97 -10.66 8.03 4.50 40.50 745 2,315
BKT BR Incm Tr BlackRock 0.95 -8.40 5.40 0.00 30.10 411 831
BLW BR Ltd Dur Incm Tr BlackRock 0.97 -9.38 6.25 3.39 28.80 623 1,575
BSL B/GSO Sr Flt Rt Trm Fd Blackstone 1.02 1.74 6.43 0.00 32.99 271 1,142
BTZ BR Cr Alloc Incm Tr BlackRock 0.96 -11.99 6.33 4.91 25.80 1,544 3,355
CBH AG Convt & Incm 2024 Tgt Trm Allianz 1.03 -6.32 6.01 0.00 28.05 179 1,402
CIK CS Ast Mgmt Incm Fd Credit Suisse 0.99 -8.50 8.17 0.90 7.30 185 440
DBL DbLin Opportunistic Cr Fd Doubleline 0.98 4.14 9.27 15.67 22.55 309 2,188
DHF Dreyfus Hi Yld Stgs Fd Dreyfus 0.98 -7.49 8.79 0.00 31.19 252 796
DHG Deutsche Hi Incm Opp Fd Deutsche 1.00 -0.47 5.29 0.00 28.77 228 733
DHY CS Hi Yld Bnd Fd Credit Suisse 0.97 -0.73 9.74 1.34 30.33 282 747
DMO WA Mortg Dfin Opp Fd Legg Mason 1.03 16.13 10.05 0.00 31.40 220 1,877
DSL DbLin Incm Solutions Fd Doubleline 0.99 -7.46 9.13 1.79 29.40 2,160 8,416
DSU BR Dbt Stgs Fd BlackRock 0.99 -9.12 7.17 0.00 30.70 741 2,196
EAD WF Incm Opp Fd Wells Fargo 0.99 -10.73 8.31 0.00 25.96 640 2,326
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.01 -9.22 5.43 1.85 34.90 137 621
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.01 -6.22 5.35 0.00 36.80 206 1,112
EFR EV Sr Flt-Rt Tr Eaton Vance 1.01 -5.74 6.06 0.00 34.70 565 2,050
EFT EV Flt-Rt Incm Tr Eaton Vance 1.03 -6.83 5.76 0.00 34.20 624 2,250
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 0.99 -3.27 6.15 0.00 19.30 216 390
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.01 -8.57 9.96 0.00 27.23 497 2,831
EVF EV Sr Incm Tr Eaton Vance 1.01 -10.36 5.73 0.00 34.90 274 675
EVG EV Srt Dur Divr Incm Fd Eaton Vance 0.96 -10.02 6.73 7.60 37.40 271 783
EVV EV Ltd Dur Incm Fd Eaton Vance 0.98 -11.13 7.34 10.57 38.40 1,722 5,548
FCT FT Sr Flt Rt Incm Fd II First Trust 1.02 -7.89 5.56 10.03 25.66 376 1,640
FHY FT Stgc Hi Incm Fd II First Trust 0.97 -13.14 7.80 10.99 27.02 99 497
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.03 -3.71 5.36 0.00 23.14 348 2,007
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.06 -3.54 5.07 0.00 29.70 557 2,680
FSD FT Hi Incm Lng/Srt Fd First Trust 0.98 -9.40 7.92 17.30 20.07 526 2,338
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 0.95 -8.49 7.65 0.00 22.50 278 686
GGM Gghm Cr Alloc Fd Guggenheim 1.05 2.82 9.62 0.00 29.20 162 650
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 0.99 -12.95 7.65 3.14 28.45 663 3,497
GOF Gghm Stgc Opp Fd Guggenheim 0.94 3.55 10.87 0.00 11.09 483 3,439
HIO WA Hi Incm Opp Fd Legg Mason 0.97 -11.07 6.49 3.24 0.00 712 2,342
HIX WA Hi Incm Fd II Legg Mason 0.97 -11.05 8.17 2.44 26.60 647 2,518
HNW Pioneer Divr Hi Incm Tr Pioneer 0.97 -11.23 7.48 0.00 30.70 143 644
HYB New Amrc Hi Incm Fd T. Rowe Price 0.94 -11.98 1.09 0.00 28.00 234 811
HYI WA Hi Yld Dfin Opp Fd Legg Mason 0.99 -10.05 7.15 1.67 0.00 376 1,257
HYT BR Corp Hi Yld Fd BlackRock 0.99 -11.16 7.87 0.00 30.20 1,517 4,619
IGI WA Inv Grd Dfin Opp Tr Legg Mason 0.91 3.37 4.82 0.00 0.00 221 497
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.01 -1.51 6.13 0.00 24.97 238 1,022
ISD Pru Srt Dur Hi Yld Fd Prudential 0.99 -11.48 7.66 0.00 23.31 544 3,025
IVH Ivy Hi Incm Opp Fd Ivy Investment 0.95 -10.71 8.42 0.00 31.15 264 1,416
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 0.99 -5.08 6.03 0.00 25.63 273 828
JFR Nuv Flt Rt Incm Fd Nuveen 0.99 -3.75 7.34 0.00 36.60 652 2,519
JGH Nuv Glbl Hi Incm Fd Nuveen 0.98 -10.27 8.76 0.00 28.72 425 2,063
JHA Nuv Hi Incm Dec 2018 Tgt Trm Fd Nuveen 1.00 -1.50 3.96 0.00 0.00 293 737
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 0.98 -2.50 6.15 0.00 25.10 559 1,261
JHD Nuv Hi Incm Dec 2019 Tgt Trm Fd Nuveen 0.98 -3.17 5.10 0.00 16.78 273 511
JHI JH Invstr Tr John Hancock 0.97 -6.28 8.37 0.00 35.05 158 323
JHS JH Incm Sec Tr John Hancock 0.99 -3.14 6.02 0.00 34.03 174 272
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.01 0.51 5.70 0.00 23.05 154 381
JRO Nuv Flt Rt Incm Opp Fd Nuveen 0.99 -1.32 7.55 0.00 36.15 461 1,972
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.02 -4.20 7.54 0.00 37.41 178 783
KIO KKR Incm Opp Fd KKR Credit 1.00 -9.46 9.50 0.00 25.78 355 2,390
KMM Deutsche Multi-Mkt Incm Tr Deutsche 1.00 -3.94 4.79 0.00 23.97 204 309
MCI Barings Corp Invstr Barings 0.99 -1.64 8.02 0.00 9.00 303 380
MPV Barings Partcp Invstr Barings 1.02 2.23 7.59 0.00 9.35 145 237
NCV AG Convt & Incm Fd Allianz 1.00 6.12 11.24 0.00 37.65 580 2,746
NCZ AG Convt & Incm Fd II Allianz 0.99 3.74 11.31 11.10 37.96 440 1,714
NHS NB Hi Yld Stgs Fd Neuberger Berman 0.97 -12.39 7.69 3.42 32.60 252 813
NSL Nuv Sr Incm Fd Nuveen 1.00 -5.88 7.41 0.00 37.24 263 772
OXLC Oxford Lane Cap Corp Oxford Lane 1.02 1.60 15.91 0.00 45.41 253 3,047
PAI WA Incm Fd Legg Mason 0.90 -5.22 4.87 0.00 0.00 142 217
PCF Putnam Hi Incm Sec Fd Putnam 0.99 -7.47 3.81 0.48 0.00 125 264
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.01 -5.64 8.84 0.00 47.14 3,237 13,758
PCM PCM Fund PIMCO 1.00 9.46 8.47 0.00 40.15 120 658
PCN PIMCO Corp & Incm Stgy Fd PIMCO 0.99 11.63 8.04 4.28 23.37 591 1,773
PDI PIMCO Dyn Incm Fd PIMCO 1.02 4.81 8.74 0.00 43.83 1,454 7,051
PFL PIMCO Incm Stgy Fd PIMCO 1.00 1.24 9.42 0.00 26.59 289 1,018
PFN PIMCO Incm Stgy Fd II PIMCO 1.01 1.18 9.33 0.00 25.90 605 2,252
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 0.93 24.57 10.54 9.03 23.46 120 1,355
PHD Pioneer Flt Rt Tr Pioneer 1.01 -7.56 6.27 0.00 32.00 307 1,248
PHK PIMCO Hi Incm Fd PIMCO 1.03 11.69 13.00 7.47 25.13 860 5,576
PHT Pioneer Hi Incm Tr Pioneer 0.99 -10.64 8.15 0.00 28.50 313 1,180
PIM Putnam Mstr Imd Incm Tr Putnam 1.01 -5.77 6.58 1.63 23.79 269 605
PKO PIMCO Incm Opp Fd PIMCO 0.99 0.16 9.02 0.00 38.26 381 1,566
PPR Voya Prime Rt Tr Voya 1.02 -9.51 5.37 0.00 27.30 839 2,505
PPT Putnam Prmr Incm Tr Putnam 1.00 -6.25 5.94 1.19 25.91 601 2,121
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.01 10.53 9.52 2.92 44.43 1,200 5,504
RCS PIMCO Stgc Incm Fd PIMCO 0.99 19.49 9.65 5.59 25.08 320 1,757
TLI WA Corp Ln Fd Legg Mason 1.01 -7.57 6.06 1.37 31.90 113 458
TSI TCW Stgc Incm Fd TCW 0.96 -6.94 4.18 0.00 0.00 282 514
TSLF THL Cr Sr Ln Fd Four Wood 1.02 -8.40 6.77 0.00 28.97 138 526
VBF Invsc Bnd Fd Invesco 0.93 -6.01 4.49 1.47 0.00 223 485
VLT Invsc Hi Incm Tr II Invesco 0.96 -11.57 7.17 4.00 26.48 129 318
VTA Invsc Dyn Cr Opp Fd Invesco 1.00 -11.12 6.43 8.52 32.39 973 3,626
VVR Invsc Sr Incm Tr Invesco 1.01 -10.41 5.33 9.68 29.17 882 2,727
WEA WA Prmr Bnd Fd Legg Mason 0.94 -7.89 6.25 0.00 25.10 167 456
WIA WA/C Inf-Lnk Sec & Incm Fd Western Asset 1.00 -10.85 3.57 0.00 27.70 379 691
WIW WA/C Inf-Lnk Opp & Incm Fd Western Asset 1.01 -10.40 3.80 0.73 27.20 776 1,580

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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