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09. International 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 allocation over 10% each. (3) Removing funds with US Bonds allocation over 50%. (4) 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 1,155.08 -0.13 -0.76 0.07 2.18 5.90 13.77 14.60 6.82 0.22 0.22 14.79
NAV 1,114.12 -0.31 -0.30 -0.68 1.86 4.82 7.92 8.49 5.03 -0.01 -0.01 11.03
Difference -0.18 0.46 -0.76 -0.32 -1.09 -5.84 -6.11 -1.79 -0.23 -0.23 -3.76
* 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 4.42 2.58 -0.27 6.82 2.91 1.54 -1.00 3.45 10.27 3.57 -0.32 1.03 4.30 - - - - - 14.56
NAV 2.40 2.43 0.59 5.50 1.52 0.64 0.01 2.18 7.69 1.87 1.38 0.08 3.36 - - - - - 11.04
Difference -2.02 -0.15 0.86 -1.32 -1.39 -0.90 1.01 -1.26 -2.58 -1.70 1.70 -0.95 -0.94 - - - - - -3.52

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-5.60%
1Yr Disc
-7.65%
3Yr Disc
-10.74%
5Yr Disc
-9.24%
Rel Disc Range (3yr)
80.13%
Mkt Yield
7.90%
Lev Adj NAV Yield
6.10%
After Tax Yield*
6.64%
Est Tax Friction*
1.26%
3Yr NAV Volatiliy
8.87
1 Yr RoC
31.97%
3 Yr Dest RoC
26.69%
Leverage
22.57%
Non Lev Exp Ratio
1.47%
Beta (2yr)
0.47
Equity Exposure
0.41%
Bond Exposure
94.19%
# Holdings
13
Cash Weighted Duration
4.81
Comp NAV TR
-0.86%
Comp Discount
-1.47%
Net Assets (M)
504
Liquidity - 90d (K)
1,358
* 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


13 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
BWG LM BW Glbl Incm Opp Fd Legg Mason 7.57 -12.56 8.21 85.36 35.69 316 932
EDD MS Emrg Mkt Dom Dbt Morgan Stanley 7.80 -10.09 7.48 0.00 31.62 599 1,583
EDF SH Emrg Mkt Incm Fd Stone Harbor 7.64 11.85 12.86 42.44 26.58 239 1,286
EDI SH Emrg Mkt Tot Incm Fd Stone Harbor 7.70 3.98 11.19 31.76 29.27 150 933
EHI WA Glbl Hi Incm Fd Legg Mason 7.72 -9.51 7.76 8.17 25.03 514 1,079
EMD WA Emrg Mkt Dbt Fd Legg Mason 7.70 -11.76 7.65 20.59 25.95 1,079 3,832
FAM FT/Abd Glbl Opp Incm Fd First Trust 7.66 -9.59 7.70 25.37 27.18 167 451
FAX Abd Asia-Pacific Incm Fd Aberdeen 7.63 -5.87 8.19 50.26 29.90 1,374 2,300
FCO Abd Glbl Incm Fd Aberdeen 7.81 -1.31 9.26 81.92 28.10 80 324
GIM Tmp Glbl Incm Fd Franklin 7.55 -11.01 2.61 20.21 0.00 999 1,600
MSD MS Emrg Mkt Dbt Fd Morgan Stanley 7.80 -9.18 5.55 0.00 8.08 232 534
TEI Tmp Emrg Mkt Incm Fd Franklin 7.74 -11.42 3.87 22.84 0.00 626 1,573
VGI Virtus Glbl Mlt-Sctr Incm Fd Virtus 7.70 3.57 10.41 27.83 26.00 196 1,251

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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