About the Index
(1) US Equity, Non-US Equity and Specialty Equity groupings according to CEFdata.com with monthly or quarterly distributions. (2) Removing Preferred Equity, MLP Funds and Single Country Funds. (3) Funds with Market Yield of 6% or more. (4) Leverage Adjusted NAV Yield under 10%. (5) 1 Year Trailing Return of Capital dividend classification over 20%. (6) 1 Year Trailing Income + Short Term Capital Gains under 65%. (7) 90-day average trade dollar $ liquidity over $250K. (8) Removing funds with US / Non US Equity over 10% each. Equal weight each fund for the index. The index constituents will be rebalanced each quarter.
Index Performance
Current($) | Previous Day(%) | 1 Week(%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) | 3 Year(%) | 5 Year(%) | 10 Year(%) | MTD(%) | QTD(%) | YTD(%) | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Price | 1,806.25 | -0.35 | -1.36 | 1.04 | 4.37 | 10.02 | 13.32 | 3.61 | 7.62 | 7.45 | 0.07 | 3.21 | 3.21 | ||||||
NAV | 1,691.54 | -0.20 | -0.76 | 1.90 | 4.20 | 9.59 | 16.73 | 3.62 | 7.43 | 6.53 | 0.28 | 2.42 | 2.42 | ||||||
Difference | 0.14 | 0.60 | 0.86 | -0.17 | -0.43 | 3.41 | 0.01 | -0.20 | -0.92 | 0.21 | -0.79 | -0.79 | |||||||
* Periods greater than 1 Year are annualized. ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00 |
2024 - Monthly Performance (%) | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2024 | |
Price | 0.49 | 2.64 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NAV | -0.45 | 2.60 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Difference | -0.94 | -0.04 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2023 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2023 | |
Price | 7.33 | -3.02 | -0.66 | 3.40 | -0.88 | -2.34 | 5.26 | 1.89 | 5.36 | 3.38 | -3.36 | -4.36 | -4.45 | -4.54 | 8.79 | 4.18 | 8.20 | 3.39 | 8.92 |
NAV | 6.08 | -3.57 | 0.54 | 2.85 | 0.81 | -2.18 | 5.03 | 3.58 | 6.53 | 3.16 | -2.76 | -3.44 | -3.13 | -2.96 | 7.07 | 4.98 | 9.08 | 5.66 | 12.56 |
Difference | -1.25 | -0.55 | 1.20 | -0.55 | 1.69 | 0.16 | -0.23 | 1.69 | 1.17 | -0.22 | 0.60 | 0.93 | 1.32 | 1.58 | -1.72 | 0.80 | 0.88 | 2.28 | 3.64 |
2022 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2022 | |
Price | -3.56 | -2.36 | 2.93 | -3.08 | -7.01 | 0.40 | -6.40 | -12.61 | -15.30 | 7.77 | -2.03 | -12.01 | -7.09 | 6.51 | 6.13 | -4.12 | 8.38 | 0.69 | -14.72 |
NAV | -3.77 | -1.88 | 2.28 | -3.42 | -6.55 | -0.13 | -6.68 | -12.91 | -15.89 | 6.90 | -3.37 | -9.50 | -6.52 | 7.11 | 6.53 | -3.38 | 10.25 | 3.06 | -13.31 |
Difference | -0.20 | 0.48 | -0.66 | -0.34 | 0.46 | -0.53 | -0.28 | -0.30 | -0.59 | -0.88 | -1.34 | 2.51 | 0.57 | 0.60 | 0.41 | 0.74 | 1.88 | 2.37 | 1.40 |
2021 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2021 | |
Price | 1.26 | 5.29 | 5.35 | 12.32 | 4.95 | 3.00 | 1.38 | 9.59 | 23.09 | 0.22 | 1.91 | -4.13 | -2.08 | 4.87 | -1.07 | 3.18 | 7.05 | 4.82 | 29.02 |
NAV | 0.25 | 4.00 | 4.19 | 8.62 | 3.67 | 1.89 | 0.39 | 6.03 | 15.18 | 0.71 | 1.82 | -3.95 | -1.51 | 4.71 | -2.28 | 4.29 | 6.72 | 5.10 | 21.05 |
Difference | -1.01 | -1.29 | -1.16 | -3.69 | -1.28 | -1.11 | -1.00 | -3.56 | -7.91 | 0.49 | -0.09 | 0.18 | 0.57 | -0.16 | -1.20 | 1.11 | -0.33 | 0.29 | -7.97 |
2020 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2020 | |
Price | -0.36 | -11.43 | -17.84 | -27.49 | 11.82 | 4.61 | 0.59 | 17.67 | -14.68 | 3.39 | 4.25 | -5.19 | 2.19 | -2.41 | 16.87 | 4.44 | 19.12 | 21.74 | 3.87 |
NAV | -1.62 | -8.43 | -16.11 | -24.42 | 11.06 | 4.98 | 1.63 | 18.48 | -10.45 | 4.28 | 3.59 | -3.04 | 4.74 | -1.27 | 12.08 | 3.93 | 15.00 | 20.45 | 7.86 |
Difference | -1.26 | 3.00 | 1.73 | 3.07 | -0.76 | 0.36 | 1.04 | 0.82 | 4.23 | 0.89 | -0.67 | 2.15 | 2.54 | 1.14 | -4.79 | -0.51 | -4.12 | -1.29 | 3.99 |
2019 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2019 | |
Price | 11.38 | 2.27 | 1.29 | 15.38 | 1.80 | -4.92 | 6.69 | 3.27 | 19.15 | 0.63 | -2.54 | 2.39 | 0.42 | 2.15 | 1.94 | 3.09 | 7.34 | 7.79 | 28.43 |
NAV | 7.72 | 2.16 | 1.45 | 11.65 | 1.50 | -4.95 | 5.62 | 1.90 | 13.77 | 0.24 | -1.91 | 1.43 | -0.26 | 2.08 | 1.81 | 3.10 | 7.15 | 6.87 | 21.58 |
Difference | -3.66 | -0.11 | 0.16 | -3.73 | -0.29 | -0.03 | -1.07 | -1.36 | -5.38 | -0.38 | 0.63 | -0.96 | -0.68 | -0.07 | -0.12 | 0.01 | -0.19 | -0.92 | -6.84 |
2018 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2018 | |
Price | 3.04 | -4.37 | -1.48 | -2.92 | 3.25 | 1.64 | -0.18 | 4.74 | 1.69 | 2.37 | 1.16 | -0.20 | 3.36 | -9.82 | 2.92 | -9.17 | -15.70 | -12.87 | -11.40 |
NAV | 3.26 | -5.10 | -1.38 | -3.35 | 1.91 | 0.86 | -0.03 | 2.76 | -0.68 | 3.16 | 1.03 | -0.03 | 4.20 | -6.77 | 1.55 | -7.19 | -12.14 | -8.44 | -9.06 |
Difference | 0.22 | -0.73 | 0.10 | -0.43 | -1.33 | -0.78 | 0.15 | -1.98 | -2.37 | 0.79 | -0.13 | 0.17 | 0.85 | 3.05 | -1.37 | 1.98 | 3.57 | 4.43 | 2.34 |
2017 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2017 | |
Price | 4.64 | 2.25 | 1.36 | 8.45 | 3.07 | 1.20 | 1.02 | 5.37 | 14.28 | 2.92 | -0.96 | 2.99 | 4.97 | 0.51 | -0.07 | 2.55 | 3.00 | 8.12 | 23.55 |
NAV | 2.74 | 2.13 | 0.86 | 5.83 | 1.19 | 1.14 | 0.48 | 2.83 | 8.82 | 2.35 | 0.15 | 1.41 | 3.95 | 0.83 | 1.72 | 1.06 | 3.65 | 7.74 | 17.25 |
Difference | -1.90 | -0.12 | -0.50 | -2.63 | -1.88 | -0.06 | -0.55 | -2.54 | -5.45 | -0.57 | 1.11 | -1.57 | -1.02 | 0.32 | 1.79 | -1.49 | 0.65 | -0.38 | -6.31 |
2016 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2016 | |
Price | -6.71 | 0.01 | 7.89 | 0.66 | 2.02 | 1.41 | 1.46 | 4.97 | 5.66 | 3.89 | 0.55 | 0.86 | 5.37 | -3.07 | 0.86 | 1.43 | -0.84 | 4.48 | 10.39 |
NAV | -5.04 | -0.42 | 6.65 | 0.85 | 1.72 | 0.63 | 0.90 | 3.28 | 4.15 | 2.93 | -0.05 | 0.72 | 3.62 | -1.80 | 0.93 | 1.64 | 0.74 | 4.38 | 8.72 |
Difference | 1.67 | -0.44 | -1.24 | 0.18 | -0.30 | -0.78 | -0.56 | -1.69 | -1.51 | -0.97 | -0.60 | -0.14 | -1.75 | 1.28 | 0.07 | 0.21 | 1.58 | -0.09 | -1.68 |
2015 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2015 | |
Price | -0.01 | 4.32 | -1.23 | 3.03 | 1.64 | 0.51 | -2.85 | -0.75 | 2.25 | 0.13 | -5.75 | -4.57 | -9.94 | 8.41 | -0.32 | -0.47 | 7.56 | -3.13 | -0.95 |
NAV | -1.11 | 4.35 | -1.71 | 1.43 | 2.09 | 0.78 | -2.54 | 0.28 | 1.71 | 0.89 | -5.60 | -2.78 | -7.41 | 7.06 | -0.79 | -1.40 | 4.73 | -3.03 | -1.37 |
Difference | -1.09 | 0.02 | -0.48 | -1.60 | 0.45 | 0.27 | 0.31 | 1.03 | -0.54 | 0.76 | 0.15 | 1.79 | 2.53 | -1.35 | -0.47 | -0.93 | -2.83 | 0.10 | -0.42 |
2014 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2014 | |
Price | -2.17 | 4.72 | 0.32 | 2.77 | 2.03 | 3.11 | 1.51 | 6.79 | 9.75 | -1.58 | 3.15 | -4.00 | -2.54 | 1.44 | 1.75 | -3.75 | -0.66 | -3.18 | 6.26 |
NAV | -2.52 | 4.14 | -0.03 | 1.49 | 0.98 | 1.89 | 1.94 | 4.88 | 6.45 | -1.80 | 2.67 | -3.14 | -2.35 | 0.68 | 1.05 | -1.00 | 0.73 | -1.63 | 4.71 |
Difference | -0.35 | -0.58 | -0.34 | -1.28 | -1.04 | -1.22 | 0.43 | -1.90 | -3.29 | -0.22 | -0.49 | 0.86 | 0.19 | -0.75 | -0.70 | 2.75 | 1.39 | 1.55 | -1.54 |
2013 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2013 | |
Price | 6.58 | 0.39 | 2.95 | 10.17 | 1.70 | -0.33 | -2.83 | -1.51 | 8.50 | 3.33 | -3.13 | 2.29 | 2.40 | 4.42 | 0.60 | 2.79 | 7.97 | 10.56 | 19.97 |
NAV | 3.84 | -0.04 | 2.09 | 5.96 | 2.41 | -0.84 | -2.38 | -0.87 | 5.03 | 4.01 | -2.31 | 3.65 | 5.32 | 3.73 | 1.04 | 2.04 | 6.94 | 12.63 | 18.30 |
Difference | -2.75 | -0.44 | -0.87 | -4.21 | 0.71 | -0.52 | 0.45 | 0.64 | -3.47 | 0.68 | 0.82 | 1.36 | 2.92 | -0.69 | 0.44 | -0.75 | -1.03 | 2.06 | -1.67 |
2012 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2012 | |
Price | 8.71 | 4.20 | 0.62 | 13.98 | -0.26 | -6.01 | 4.12 | -2.39 | 11.26 | 3.01 | 2.65 | 2.85 | 8.75 | -1.41 | -0.80 | 0.28 | -1.92 | 6.66 | 18.67 |
NAV | 4.19 | 3.25 | 0.76 | 8.41 | 0.22 | -6.41 | 3.93 | -2.52 | 5.68 | 2.21 | 1.95 | 2.09 | 6.39 | -0.32 | 0.25 | 1.46 | 1.39 | 7.86 | 13.98 |
Difference | -4.51 | -0.95 | 0.14 | -5.58 | 0.48 | -0.40 | -0.19 | -0.13 | -5.58 | -0.80 | -0.70 | -0.76 | -2.37 | 1.09 | 1.05 | 1.18 | 3.31 | 1.20 | -4.69 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -10.99% |
1Yr Disc -9.85% |
3Yr Disc -5.80% |
5Yr Disc -6.16% |
Rel Disc Range (3yr) 17.21% |
Mkt Yield 8.26% |
Lev Adj NAV Yield 6.96% |
After Tax Yield* 7.43% |
Est Tax Friction* 0.83% |
3Yr NAV Volatiliy 16.91 |
1 Yr RoC 52.44% |
3 Yr Dest RoC 24.09% |
Leverage 6.31% |
Non Lev Exp Ratio 1.21% |
Beta (2yr) 0.79 |
Equity Exposure 95.32% |
Bond Exposure 3.16% |
# Holdings 42 |
Cash Weighted Duration 0.06 |
|
Comp NAV TR -0.82% |
Comp Discount -1.75% |
Net Assets (M) 829 |
Liquidity - 90d (K) 2,049 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
42 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
AEF | abrdn Emrg Mkt Eq Incm Fd | abrdn | 2.35 | -15.26 | 7.05 | 78.10 | 10.23 | 306 | 508 |
AWP | abrdn Glbl Prmr Prop Fd | abrdn | 2.31 | -6.70 | 12.77 | 76.75 | 19.63 | 344 | 1,330 |
BCX | BR Res & Com Stgy Tr | BlackRock | 2.33 | -13.74 | 7.02 | 59.46 | 0.00 | 866 | 3,362 |
BGR | BR Nrg & Res Tr | BlackRock | 2.40 | -13.49 | 6.14 | 46.75 | 0.00 | 407 | 961 |
BGY | BR Enh Intl DivTr | BlackRock | 2.40 | -13.56 | 7.48 | 56.78 | 0.00 | 629 | 1,218 |
BIGZ | BR Innovation & Gwth Trm Tr | BlackRock | 2.48 | -14.03 | 6.86 | 100.00 | 0.00 | 2,031 | 7,259 |
BME | BR Health Sci Tr | BlackRock | 2.37 | -5.86 | 6.21 | 51.81 | 0.00 | 610 | 1,500 |
BMEZ | BR Health Sci Trm Tr | BlackRock | 2.57 | -12.34 | 6.70 | 100.00 | 0.00 | 1,960 | 7,266 |
BOE | BR Enh Glbl DivTr | BlackRock | 2.41 | -14.94 | 7.38 | 67.91 | 0.00 | 741 | 1,759 |
BTO | JH Fin Opp Fd | John Hancock | 2.10 | -1.47 | 9.49 | 0.00 | 17.91 | 547 | 1,574 |
BUI | BR Util Infra & Pwr OppTr | BlackRock | 2.25 | -3.70 | 6.89 | 45.21 | 0.00 | 492 | 1,315 |
DIAX | Nuv Dow 30SM Dyn Owrt Fd | Nuveen | 2.33 | -12.44 | 8.10 | 71.17 | 0.00 | 588 | 1,501 |
BXSY | Bexil Investment Tr | Bexil | 2.39 | -37.04 | 7.92 | 0.00 | 10.00 | 257 | 268 |
DPG | D&P Util & Infra Fd | Virtus | 2.30 | -12.79 | 9.19 | 84.25 | 29.66 | 400 | 1,455 |
EOI | EV Enh Eq Incm Fd | Eaton Vance | 2.52 | -4.13 | 7.35 | 3.31 | 0.00 | 752 | 1,488 |
ETB | EV Tx-Mgd By-Wrt Incm Fd | Eaton Vance | 2.43 | -8.81 | 8.31 | 52.71 | 0.00 | 434 | 1,005 |
ETG | EV Tx-Adv Glbl Div Incm Fd | Eaton Vance | 2.46 | -11.94 | 6.68 | 0.83 | 19.80 | 1,562 | 2,456 |
ETJ | EV Risk-Mgd Divr Eq Incm Fd | Eaton Vance | 2.49 | -8.24 | 8.32 | 22.73 | 0.00 | 612 | 1,429 |
ETO | EV Tx-Adv Glbl Div Opp Fd | Eaton Vance | 2.44 | -9.69 | 6.67 | 0.00 | 19.20 | 448 | 661 |
ETV | EV Tx-Mgd By-Wrt Opp Fd | Eaton Vance | 2.45 | -6.93 | 8.83 | 57.23 | 0.00 | 1,618 | 3,361 |
ETW | EV Tx-Mgd Glbl By-Wrt Opp | Eaton Vance | 2.43 | -13.35 | 8.68 | 46.74 | 0.00 | 1,018 | 2,473 |
ETY | EV Tx-Mgd Divr Eq Incm Fd | Eaton Vance | 2.50 | -6.05 | 7.41 | 0.00 | 0.00 | 2,185 | 3,274 |
EXG | EV Tx-Mgd Glbl Divr Eq Incm | Eaton Vance | 2.44 | -11.84 | 8.25 | 76.67 | 0.00 | 2,793 | 4,394 |
FFA | FT Enh Eq Incm Fd | First Trust | 2.36 | -4.83 | 6.73 | 0.00 | 0.00 | 393 | 484 |
FUND | Sprott Focus Tr | Sprott | 2.20 | -11.47 | 6.56 | 21.27 | 0.00 | 258 | 269 |
GAB | Gabelli Eq Tr | Gabelli | 2.46 | 1.50 | 11.09 | 54.63 | 18.00 | 1,610 | 3,764 |
GDV | Gabelli Div & Incm Tr | Gabelli | 2.39 | -16.80 | 5.95 | 24.42 | 13.00 | 2,400 | 4,336 |
GRX | Gabelli Health & Well Tr | Gabelli | 2.43 | -18.79 | 6.12 | 2.75 | 23.00 | 193 | 433 |
HEQ | JH Hgd Eq & Incm Fd | John Hancock | 2.30 | -13.98 | 9.97 | 49.46 | 0.00 | 142 | 447 |
HQH | abrdn Health Invstr | abrdn | 2.36 | -14.58 | 11.58 | 67.98 | 0.00 | 960 | 3,254 |
HQL | abrdn Life Sci Invstr | abrdn | 2.36 | -14.46 | 11.56 | 65.56 | 0.00 | 422 | 1,714 |
IDE | Voya Infra Ind & Matrls Fd | Voya | 2.36 | -14.68 | 9.01 | 19.87 | 0.00 | 181 | 349 |
IGA | Voya Glbl Adv & Prm Opp Fd | Voya | 2.42 | -14.16 | 9.03 | 39.85 | 0.00 | 156 | 382 |
IGD | Voya Glbl Eq Div & Prm Opp | Voya | 2.47 | -12.77 | 9.25 | 66.08 | 0.00 | 469 | 1,133 |
IGR | CBRE Clr Glbl Rel-Est Incm Fd | CBRE Invst Mgmt | 2.28 | -6.93 | 13.74 | 23.43 | 25.02 | 788 | 4,125 |
IHD | Voya Emrg Mkt Hi Div Eq Fd | Voya | 2.36 | -13.75 | 10.25 | 75.25 | 0.00 | 110 | 153 |
JCE | Nuv Core Eq Alpha Fd | Nuveen | 2.33 | -1.94 | 9.36 | 93.55 | 0.00 | 225 | 665 |
LGI | Lzrd Glbl Tot Rtn & Incm Fd | Lazard | 2.45 | -12.18 | 7.81 | 69.27 | 30.20 | 238 | 644 |
QQQX | Nuv Nasdaq 100 Dyn Owrt Fd | Nuveen | 2.31 | -9.84 | 7.24 | 37.57 | 0.00 | 1,256 | 3,022 |
RMT | Royce Micro-Cap Tr | Franklin Templeton | 2.25 | -12.24 | 6.67 | 42.93 | 0.38 | 512 | 1,045 |
SPXX | Nuv S&P 500 Dyn Owrt Fd | Nuveen | 2.33 | -9.91 | 7.75 | 44.31 | 0.00 | 303 | 811 |
UTF | C&S Infra Fd | Cohen&Steers | 2.45 | -0.49 | 8.36 | 23.32 | 30.10 | 2,154 | 6,157 |