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03. Global Equity Index

Data as of

About the Index

US-Equity and Non-US equity fund grouping according to CEFdata.com with $500K+ in 90 day average dollar $ liquidity. (2) US + Non-US Bond exposure combined under 33.33%. Equal weight the funds that meet these criteria. The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.

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 2,543.80 0.37 1.44 3.51 18.63 30.12 34.59 9.73 11.43 9.76 0.49 5.02 5.02
NAV 2,039.63 0.42 0.91 2.55 2.40 10.68 14.33 5.74 8.11 7.46 0.34 3.68 3.68
Difference 0.06 -0.52 -0.96 -16.23 -19.45 -20.27 -3.98 -3.32 -2.30 -0.15 -1.34 -1.34
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2025 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2025
Price 4.51 - - - - - - - - - - - - - - - - - -
NAV 3.33 - - - - - - - - - - - - - - - - - -
Difference -1.18 - - - - - - - - - - - - - - - - - -
2024 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2024
Price 1.47 3.52 3.29 8.50 -3.80 4.09 2.06 2.21 10.89 1.96 1.94 1.86 5.87 -1.61 12.31 1.89 12.59 19.19 32.17
NAV 0.24 3.61 2.97 6.93 -2.70 3.44 1.07 1.72 8.78 1.73 1.84 1.46 5.11 -1.81 3.16 -3.18 -1.94 3.08 12.12
Difference -1.23 0.09 -0.32 -1.56 1.09 -0.65 -0.99 -0.48 -2.12 -0.23 -0.10 -0.40 -0.75 -0.21 -9.15 -5.07 -14.53 -16.12 -20.05
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 9.39 -2.89 0.53 6.80 -0.23 -1.43 6.71 4.94 12.08 3.63 -3.17 -3.61 -3.28 -5.73 9.50 4.34 7.71 4.18 16.76
NAV 7.78 -3.13 1.50 5.97 0.72 -1.28 5.95 5.35 11.64 3.06 -2.34 -3.81 -3.18 -3.16 7.58 5.48 9.89 6.39 18.77
Difference -1.60 -0.25 0.96 -0.83 0.95 0.15 -0.76 0.41 -0.44 -0.57 0.83 -0.20 0.09 2.57 -1.92 1.14 2.18 2.21 2.02
2022 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2022
Price -3.88 -3.39 2.10 -5.19 -9.92 -0.24 -6.73 -16.18 -20.53 8.73 -3.76 -11.49 -7.39 6.65 4.59 -4.96 6.02 -1.82 -21.98
NAV -3.88 -2.26 0.94 -5.17 -7.71 -0.02 -7.02 -14.21 -18.64 6.88 -3.82 -8.78 -6.22 5.70 6.01 -3.87 7.72 1.01 -17.82
Difference -0.01 1.13 -1.16 0.02 2.21 0.22 -0.29 1.97 1.89 -1.85 -0.06 2.72 1.16 -0.95 1.43 1.09 1.70 2.83 4.16
2021 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2021
Price 1.53 5.30 3.99 11.18 3.39 2.74 1.45 7.76 19.80 -1.13 2.74 -3.01 -1.48 4.19 -2.46 3.46 5.15 3.59 24.11
NAV 0.70 3.41 2.58 6.82 3.63 2.35 0.49 6.59 13.86 -0.59 1.97 -3.47 -2.15 4.27 -2.92 2.62 3.87 1.64 15.73
Difference -0.83 -1.89 -1.41 -4.36 0.24 -0.38 -0.95 -1.16 -5.94 0.54 -0.77 -0.46 -0.67 0.07 -0.46 -0.84 -1.27 -1.96 -8.38
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price -0.31 -10.08 -18.87 -27.28 11.54 5.14 3.06 20.87 -12.10 5.00 5.45 -3.41 6.95 -2.37 14.81 5.91 18.72 26.97 11.60
NAV -1.08 -6.92 -17.29 -23.85 11.48 4.99 3.10 20.68 -8.10 5.44 4.60 -2.68 7.33 -1.29 11.29 5.12 15.47 23.94 13.90
Difference -0.77 3.16 1.58 3.43 -0.07 -0.15 0.05 -0.19 4.00 0.44 -0.85 0.73 0.39 1.07 -3.53 -0.79 -3.25 -3.03 2.29
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 12.13 3.69 0.92 17.33 2.84 -6.37 6.41 2.45 20.21 0.84 -2.91 2.72 0.57 1.88 0.90 3.72 6.62 7.23 28.91
NAV 8.80 2.82 1.36 13.40 2.93 -6.07 6.06 2.54 16.28 -0.14 -2.25 2.03 -0.40 1.96 1.36 3.58 7.04 6.62 23.97
Difference -3.33 -0.87 0.45 -3.94 0.10 0.30 -0.35 0.09 -3.93 -0.98 0.66 -0.69 -0.97 0.07 0.46 -0.14 0.42 -0.62 -4.93
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 5.84 -3.99 -1.84 -0.26 1.37 -0.29 -0.87 0.19 -0.07 3.49 0.76 -0.84 3.40 -10.57 2.98 -7.41 -14.73 -11.83 -11.89
NAV 5.57 -4.64 -1.26 -0.59 0.50 -0.03 -1.01 -0.54 -1.13 3.82 0.41 -0.76 3.45 -7.69 1.75 -6.00 -11.71 -8.66 -9.69
Difference -0.26 -0.65 0.58 -0.33 -0.87 0.26 -0.14 -0.73 -1.06 0.33 -0.35 0.08 0.05 2.88 -1.23 1.40 3.02 3.17 2.20
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 4.06 3.53 2.58 10.51 3.46 2.17 0.87 6.63 17.84 2.81 -0.64 3.41 5.64 0.93 -0.39 2.17 2.72 8.52 27.87
NAV 2.83 2.82 1.73 7.55 1.77 1.92 0.72 4.47 12.36 2.73 0.25 1.64 4.67 1.45 1.13 0.96 3.57 8.41 21.81
Difference -1.23 -0.71 -0.86 -2.96 -1.69 -0.25 -0.16 -2.16 -5.48 -0.08 0.88 -1.78 -0.97 0.52 1.51 -1.21 0.85 -0.10 -6.07
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -6.97 -0.12 8.34 0.67 2.20 0.78 1.02 4.05 4.75 5.30 0.50 -0.86 4.92 -2.64 0.84 1.69 -0.16 4.75 9.72
NAV -5.12 -0.81 7.13 0.83 1.41 0.85 0.47 2.76 3.61 4.02 0.04 -0.05 4.02 -1.73 0.44 1.45 0.14 4.16 7.93
Difference 1.85 -0.69 -1.20 0.16 -0.79 0.07 -0.55 -1.29 -1.14 -1.27 -0.46 0.81 -0.90 0.91 -0.40 -0.23 0.31 -0.58 -1.80
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 0.98 5.66 -1.33 5.27 2.03 0.36 -3.71 -1.40 3.80 -2.46 -7.92 -4.27 -14.02 9.20 -1.89 -2.13 4.86 -9.84 -6.42
NAV 0.34 4.68 -0.87 4.12 2.44 0.08 -2.42 0.04 4.16 -0.97 -6.30 -3.97 -10.89 7.60 -1.58 -2.88 2.84 -8.36 -4.54
Difference -0.63 -0.98 0.46 -1.15 0.41 -0.28 1.29 1.44 0.37 1.49 1.61 0.30 3.13 -1.60 0.30 -0.75 -2.01 1.49 1.88
2014 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2014
Price -3.30 4.55 1.21 2.33 0.85 2.87 2.03 5.86 8.32 -0.56 1.98 -3.56 -2.20 0.85 0.94 -2.42 -0.67 -2.86 5.22
NAV -2.64 4.10 1.32 2.70 0.54 2.43 2.31 5.36 8.21 -1.15 2.65 -3.80 -2.38 1.48 0.51 -2.14 -0.18 -2.56 5.43
Difference 0.66 -0.44 0.11 0.37 -0.31 -0.44 0.27 -0.49 -0.11 -0.59 0.67 -0.24 -0.18 0.64 -0.43 0.28 0.49 0.30 0.21
2013 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2013
Price 7.68 0.25 2.27 10.40 1.20 0.51 -3.38 -1.73 8.49 3.58 -3.40 3.49 3.56 4.45 0.09 2.05 6.69 10.48 19.86
NAV 5.27 0.00 1.85 7.22 2.19 -0.23 -3.76 -1.87 5.22 4.46 -2.72 4.75 6.45 3.67 0.70 1.17 5.62 12.43 18.30
Difference -2.41 -0.25 -0.42 -3.18 0.99 -0.73 -0.38 -0.15 -3.28 0.88 0.67 1.26 2.89 -0.78 0.61 -0.88 -1.06 1.95 -1.57
2012 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2012
Price 9.35 4.76 -0.17 14.36 0.28 -8.13 3.37 -4.78 8.90 1.96 2.24 3.78 8.18 -1.07 -0.89 2.55 0.55 8.78 18.46
NAV 5.89 4.25 0.12 10.53 -0.12 -8.20 3.37 -5.22 4.76 2.06 1.74 3.11 7.07 -0.14 0.39 2.31 2.57 9.81 15.04
Difference -3.45 -0.51 0.29 -3.83 -0.40 -0.07 0.00 -0.45 -4.14 0.10 -0.50 -0.67 -1.11 0.93 1.28 -0.24 2.01 1.04 -3.42

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-8.83%
1Yr Disc
-11.16%
3Yr Disc
-10.12%
5Yr Disc
-9.20%
Rel Disc Range (3yr)
48.02%
Mkt Yield
8.69%
Lev Adj NAV Yield
7.78%
After Tax Yield*
7.58%
Est Tax Friction*
1.11%
3Yr NAV Volatiliy
18.40
1 Yr RoC
44.25%
3 Yr Dest RoC
29.42%
Leverage
6.18%
Non Lev Exp Ratio
1.21%
Beta (2yr)
0.79
Equity Exposure
93.19%
Bond Exposure
4.34%
# Holdings
37
Cash Weighted Duration
0.06
Comp NAV TR
-0.40%
Comp Discount
-12.37%
Net Assets (M)
982
Liquidity - 90d (K)
2,788
* 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


37 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
ADX Adams Divr Eq Fd Adams Funds 2.63 -10.27 9.12 3.37 0.00 2,590 6,708
AEF abrdn Emrg Mkt Eq Incm Fd abrdn 2.73 -10.73 7.39 90.28 11.73 308 824
AGD abrdn Glbl Dyn Div Fd abrdn 2.74 -8.03 12.95 44.96 0.34 276 1,329
AOD abrdn Tot Dyn Div Fd abrdn 2.73 -9.07 13.76 46.14 0.00 1,011 4,520
ASG Liberty All-Star Gwth Fd ALPS 2.66 -7.74 8.39 0.00 0.00 373 1,565
BGY BR Enh Intl DivTr BlackRock 2.69 -9.97 9.28 30.13 0.00 583 1,628
BIGZ BR Innovation & Gwth Trm Tr BlackRock 2.87 -5.19 12.64 100.00 0.00 1,850 6,522
BSTZ BR Sci & Tech Trm Tr BlackRock 2.72 -9.08 12.30 57.97 0.00 1,720 4,785
CAF MS China A Shr Fd Morgan Stanley 2.58 -17.62 2.62 0.00 0.00 260 504
CET Cntrl Sec Corp Central Securities 2.69 -16.12 4.72 0.00 0.00 1,613 1,449
CLM Cornerstone Stgc Inv Fd Cornerstone 2.72 26.16 16.37 68.23 0.00 1,766 18,877
CRF Cornerstone Tot Rtn Fd Cornerstone 2.68 31.76 15.71 62.69 0.00 788 9,095
EMF Tmp Emrg Mkt Fd Franklin Templeton 2.66 -15.92 4.14 29.16 2.29 222 595
EOD Allspring Glbl Div Opp Fd Allspring 2.68 -12.63 9.54 0.00 19.70 249 683
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 2.69 -8.89 8.19 9.21 19.11 1,587 2,498
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 2.65 -8.07 8.04 4.85 18.48 461 664
EVT EV Tx-Adv Div Incm Fd Eaton Vance 2.66 -7.73 7.99 0.00 18.57 1,997 2,847
GAB Gabelli Eq Tr Gabelli 2.66 1.64 10.77 71.00 18.00 1,670 3,255
GAM General American Invstr General American Inv 2.65 -12.94 8.56 0.00 11.60 1,407 1,546
GDV Gabelli Div & Incm Tr Gabelli 2.70 -13.03 6.68 10.00 16.00 2,599 3,615
GLQ Clough Glbl Eq Fd Clough 2.70 -12.41 11.27 100.00 24.80 149 551
IDE Voya Infra Ind & Matrls Fd Voya 2.71 -7.52 11.35 29.05 0.00 173 964
IFN India Fund abrdn 2.79 -7.25 12.40 0.00 0.00 684 3,499
IGD Voya Glbl Eq Div & Prm Opp Voya 2.61 -9.03 11.03 76.45 0.00 472 1,381
IIF MS India Inv Fd Morgan Stanley 2.85 -12.57 10.00 0.00 0.00 278 1,229
JOF Japan Sml Caplz Fd Nomura 2.59 -18.50 4.04 0.00 0.00 268 448
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 2.72 -8.42 10.49 43.48 30.21 238 860
MXF Mexico Fund Impulsora del 2.74 -20.57 6.37 17.53 0.00 255 1,159
NBXG NB Nxt Gen Connectivity Fd Neuberger Berman 2.77 -12.60 8.82 100.00 0.00 1,226 3,014
RMT Royce Micro-Cap Tr Franklin Templeton 2.66 -11.49 7.33 0.01 0.35 578 1,146
RVT Royce Small-Cap Tr Franklin Templeton 2.65 -7.09 10.84 0.15 1.72 2,016 4,645
SPE Spl Opp Fd Bulldog 2.77 -7.78 8.42 16.39 24.32 180 764
STEW SRH Tot Rtn Fd Paralel Advisors 2.70 -22.56 3.97 0.00 10.03 2,075 1,467
TDF Tmp Dragon Fd Franklin Templeton 2.64 -17.22 1.33 0.00 0.00 266 762
TWN Taiwan Fund Nomura 2.97 -17.95 1.07 0.00 0.00 299 997
TY Tri-Cont Corp Columbia Mngmt 2.65 -10.66 3.49 0.00 2.00 1,894 1,612
USA Liberty All-Star Eq Fd ALPS 2.71 0.42 9.55 0.00 0.00 2,048 4,839

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, 2019. 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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Class E Units       8% PIK             8.00 %   11/6/2021     4,055,099       4,055,099       4,055,099       2.32 %