CEF Advisors

Data as of August 17, 2018  .  Portfolio Holdings: 27  .  Last Modified: December 15, 2016

Data Definitions

FULL CEF PORTFOLIO
Weighted Average Data
Discount
-4.85%
1Yr Disc
-5.34%
5Yr Disc
-7.62%
Comp Discount
-1.04%
Mkt Yield
7.39%
Lev Adj NAV Yield
5.74%
Comp 1YR NAV TR
-0.60%
1Yr Price Volatility
13.5
3Yr NAV Volatility
10.7
Cash Weighted Duration
2.78
Gross Asset Exposure
$1.31
2 Year Beta
0.46
1Yr RoC
17.23%
3Yr Dest RoC
13.71%
Estimated Tax Friction
1.13%
Leverage
24.51%
Leverage Cost
1.25%
Non Lev Exp Ratio
1.89%
* Weighted data relative to full portfolio allocation
** Marginal Tax Rate: 25.00%, LT Gains Tax Rate: 15.00%
CEF BOND SPECIFIC DATA (39%)
Weighted Average Data
Earnings Coverage 99.3%
Investment Grade 64.7%
Non Investment Grade 26.2%
Unrated Bonds 9.1%
Duration 7.1
* Weighted data relative to CEF Bond and Preferred Equity Allocations
MUNICIPAL BONDS SPECIFIC DATA (17%)
Weighted Average Data
2 Year Call Risk 18.12%
AMT% 6.88%
Avg Price per Bond $99.63
* Weighted data relative to Municipal Bond Allocations
MLP SPECIFIC DATA (15%)
Weighted Average Data
RoC (1yr) 83.2%
RoC (3Yr) 91.2%
Portfolio MLP Exposure % 13.6
% Pipeline Transportation 47.5
% Gathering Processing 18.9
DTL Adj Disc -2.5%
* Weighted data relative to MLP Allocations
INCOME
Pending Distribution
0.32%
TOTAL RETURNS
Weighted Average Data
1MO 3MO 6MO 1YR 3YR
Price 2.32% 3.67% 4.74% 8.27% 25.87%
NAV 1.37% 2.39% 3.16% 8.01% 16.83%
GROUP ALLOCATION
Weighted Average Data
Covered Call 18.0%
MLP Funds 15.0%
National Municipal (tax-free) Bond 12.0%
Debt Focused BDCs 11.0%
Prefered Equity 9.0%
General Equity 9.0%
Investment Grade Bond 7.0%
Multisector Bond 6.0%
Hybrid / Balanced 5.0%
Muni High Yield 5.0%
Equity Tax Advantage 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.