CEF Advisors

Data as of October 19, 2018  .  Portfolio Holdings: 31  .  Last Modified: August 7, 2018

Data Definitions

FULL CEF PORTFOLIO
Weighted Average Data
Discount
-10.08%
1Yr Disc
-8.21%
5Yr Disc
-8.83%
Comp Discount
-2.27%
Mkt Yield
8.65%
Lev Adj NAV Yield
6.47%
Comp 1YR NAV TR
1.36%
1Yr Price Volatility
14.5
3Yr NAV Volatility
12.3
Cash Weighted Duration
1.21
Gross Asset Exposure
$1.35
2 Year Beta
0.63
1Yr RoC
19.22%
3Yr Dest RoC
10.60%
Estimated Tax Friction
1.57%
Leverage
21.70%
Leverage Cost
1.13%
Non Lev Exp Ratio
1.94%
* Weighted data relative to full portfolio allocation
** Marginal Tax Rate: 25.00%, LT Gains Tax Rate: 15.00%
CEF BOND SPECIFIC DATA (29%)
Weighted Average Data
Earnings Coverage 90.1%
Investment Grade 39.4%
Non Investment Grade 51.6%
Unrated Bonds 9.0%
Duration 4.2
* Weighted data relative to CEF Bond and Preferred Equity Allocations
MUNICIPAL BONDS SPECIFIC DATA (8%)
Weighted Average Data
2 Year Call Risk 20.43%
AMT% 0.52%
Avg Price per Bond $87.29
* Weighted data relative to Municipal Bond Allocations
MLP SPECIFIC DATA (11%)
Weighted Average Data
RoC (1yr) 65.8%
RoC (3Yr) 70.9%
Portfolio MLP Exposure % 10.7
% Pipeline Transportation 50.8
% Gathering Processing 33.1
DTL Adj Disc -14.5%
* Weighted data relative to MLP Allocations
INCOME
Pending Distribution
0.38%
TOTAL RETURNS
Weighted Average Data
1MO 3MO 6MO 1YR 3YR
Price -4.32% -2.55% 2.12% 1.02% 24.30%
NAV -2.40% -0.64% 3.04% 4.27% 20.57%
GROUP ALLOCATION
Weighted Average Data
Debt Focused BDCs 12.0%
Global Real Estate, REIT & Real Assets 11.0%
MLP Funds 11.0%
General Equity 10.5%
Loan Participation 9.5%
Taxable Municipal Bond 8.0%
Healthcare/Biotech 6.5%
Covered Call 6.0%
Emerging Market Equity 4.0%
Multisector Bond 4.0%
Global Equity 4.0%
Prefered Equity 4.0%
Hybrid / Balanced 3.5%
Convertible Bonds 3.0%
Utilities 3.0%
* Weighted data relative to full portfolio allocation



DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2016. 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.