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.
Index Performance
Current($) | Previous Day(%) | 1 Week(%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) | 3 Year(%) | 5 Year(%) | MTD(%) | QTD(%) | YTD(%) | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Price | 1,697.73 | -0.30 | 1.19 | 7.11 | 20.75 | 28.20 | 13.87 | 7.47 | 15.63 | 4.74 | 4.74 | 4.74 | |||||||
NAV | 1,616.24 | -0.11 | 1.06 | 6.64 | 16.49 | 23.86 | 16.16 | 7.67 | 13.51 | 4.06 | 4.06 | 4.06 | |||||||
Difference | 0.19 | -0.13 | -0.47 | -4.26 | -4.34 | 2.29 | 0.20 | -2.12 | -0.68 | -0.68 | -0.68 | ||||||||
* Periods greater than 1 Year are annualized. ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00 |
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 | 18.72 | 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 | 15.47 | 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 | -3.25 | 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 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -9.08% |
1Yr Disc -10.60% |
3Yr Disc -8.08% |
5Yr Disc -8.64% |
Rel Disc Range (3yr) 54.15% |
Mkt Yield 7.17% |
Lev Adj NAV Yield 6.13% |
After Tax Yield* 6.17% |
Est Tax Friction* 1.00% |
3Yr NAV Volatiliy 23.28 |
1 Yr RoC 46.14% |
3 Yr Dest RoC 29.04% |
Leverage 9.43% |
Non Lev Exp Ratio 1.28% |
Beta (2yr) 0.97 |
Equity Exposure 90.27% |
Bond Exposure 6.44% |
# Holdings 42 |
Cash Weighted Duration 0.06 |
|
Comp NAV TR 1.11% |
Comp Discount 2.00% |
Net Assets (M) 789 |
Liquidity - 90d (K) 2,178 |
|
* 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) |
---|---|---|---|---|---|---|---|---|---|
ADX | Adams Divr Eq Fd | Adams Funds | 2.33 | -13.78 | 5.08 | 0.00 | 0.00 | 2,232 | 3,605 |
AEF | Abd Emrg Mkt Eq Incm Fd | Aberdeen | 2.46 | -14.40 | 2.49 | 0.00 | 7.87 | 515 | 624 |
AOD | Abd Tot Dyn Div Fd | Aberdeen | 2.35 | -14.07 | 7.58 | 11.43 | 0.00 | 1,117 | 3,448 |
ASG | Liberty All-Star Gwth Fd | ALPS | 2.55 | 8.54 | 7.19 | 0.00 | 0.00 | 341 | 1,658 |
ASGI | Abd Std Glbl Infra Incm Fd | Aberdeen | 2.45 | -9.37 | 6.52 | 51.52 | 0.00 | 195 | 977 |
BGY | BR Enh Intl DivTr | BlackRock | 2.33 | -8.09 | 6.74 | 70.49 | 0.00 | 683 | 1,542 |
BIF | Boulder Gwth & Incm Fd | Boulder | 2.30 | -18.27 | 3.62 | 0.00 | 0.00 | 1,384 | 1,707 |
BSTZ | BR Sci & Tech Tr II | BlackRock | 2.30 | -10.51 | 3.74 | 90.87 | 0.00 | 3,218 | 7,108 |
CAF | MS China A Shr Fd | Morgan Stanley | 2.28 | -15.78 | 10.38 | 0.00 | 0.00 | 577 | 1,456 |
CET | Cntrl Sec Corp | Central Securities | 2.49 | -15.98 | 4.97 | 0.00 | 0.00 | 1,049 | 662 |
CLM | Cornerstone Stgc Val Fd | Cornerstone | 2.42 | 24.60 | 15.43 | 73.46 | 0.00 | 770 | 8,895 |
CRF | Cornerstone Tot Rtn Fd | Cornerstone | 2.41 | 26.17 | 15.24 | 75.37 | 0.00 | 393 | 4,840 |
EMF | Tmp Emrg Mkt Fd | Templeton | 2.47 | -7.41 | 3.23 | 0.00 | 4.97 | 356 | 860 |
EOD | WF Glbl Div Opp Fd | Wells Fargo | 2.42 | -11.91 | 10.36 | 0.00 | 18.23 | 249 | 1,060 |
ETG | EV Tx-Adv Glbl Div Incm Fd | Eaton Vance | 2.26 | -9.53 | 6.78 | 25.73 | 23.08 | 1,529 | 3,218 |
ETO | EV Tx-Adv Glbl Div Opp Fd | Eaton Vance | 2.31 | -6.94 | 6.67 | 16.39 | 22.68 | 432 | 1,501 |
EVT | EV Tx-Adv Div Incm Fd | Eaton Vance | 2.33 | -4.40 | 7.22 | 8.70 | 22.45 | 1,854 | 4,348 |
FDEU | FT Dyn Euro Eq Incm Fd | First Trust | 2.35 | -13.75 | 5.95 | 73.15 | 24.60 | 242 | 802 |
GAB | Gabelli Eq Tr | Gabelli | 2.28 | 5.00 | 9.52 | 88.83 | 23.00 | 1,558 | 5,270 |
GAM | General American Invstr | General American Inv | 2.32 | -15.44 | 6.58 | 0.00 | 15.90 | 1,098 | 1,120 |
GDV | Gabelli Div & Incm Tr | Gabelli | 2.38 | -12.82 | 5.90 | 7.35 | 12.00 | 2,324 | 5,804 |
GGT | Gabelli Multimedia Tr | Gabelli | 2.35 | -3.17 | 10.68 | 91.14 | 34.00 | 214 | 690 |
GLQ | Clough Glbl Eq Fd | Clough | 2.49 | -14.04 | 10.73 | 52.21 | 35.00 | 231 | 1,038 |
HGLB | Highland Glbl Alloc Fd | Highland Capital | 2.38 | -34.77 | 12.47 | 11.53 | 25.82 | 228 | 1,211 |
HIE | Miller/Howard Hi Incm Eq Fd | Miller/Howard | 2.41 | -9.36 | 5.83 | 46.19 | 26.19 | 170 | 1,013 |
IDE | Voya Infra Ind & Matrls Fd | Voya | 2.44 | -12.08 | 8.45 | 75.66 | 0.00 | 229 | 876 |
IFN | India Fund | Aberdeen | 2.35 | -11.79 | 9.69 | 29.06 | 0.00 | 630 | 1,938 |
IGD | Voya Glbl Eq Div & Prm Opp | Voya | 2.36 | -12.66 | 8.92 | 74.42 | 0.00 | 586 | 1,985 |
IHD | Voya Emrg Mkt Hi Div Eq Fd | Voya | 2.57 | -7.91 | 8.97 | 80.00 | 0.00 | 166 | 637 |
IIF | MS India Inv Fd | Morgan Stanley | 2.39 | -15.39 | 0.02 | 0.00 | 0.00 | 298 | 900 |
JCE | Nuv Core Eq Alpha Fd | Nuveen | 2.32 | -8.37 | 6.27 | 6.79 | 0.00 | 251 | 621 |
JOF | Japan Sml Caplz Fd | Nomura | 2.30 | -11.51 | 3.76 | 0.00 | 0.00 | 293 | 654 |
JTA | Nuv Tx-Adv Tot Rtn Stgy Fd | Nuveen | 2.38 | -12.46 | 7.80 | 57.08 | 28.81 | 156 | 797 |
JTD | Nuv Tx-Adv Div Gwth Fd | Nuveen | 2.28 | -12.58 | 8.27 | 1.90 | 29.49 | 236 | 878 |
LGI | Lzrd Glbl Tot Rtn & Incm Fd | Lazard | 2.40 | -6.07 | 6.82 | 0.00 | 26.41 | 259 | 769 |
RGT | Royce Glbl Val Tr | Legg Mason | 2.30 | -10.33 | 8.79 | 0.00 | 5.68 | 79 | 941 |
RMT | Royce Micro-Cap Tr | Legg Mason | 2.50 | -14.31 | 5.48 | 20.56 | 5.63 | 560 | 1,827 |
RVT | Royce Val Tr | Legg Mason | 2.45 | -12.84 | 5.75 | 9.85 | 4.64 | 2,003 | 4,986 |
SOR | Source Capital | First Pacific | 2.36 | -10.91 | 2.41 | 0.00 | 0.00 | 393 | 584 |
TDF | Tmp Dragon Fd | Templeton | 2.46 | -9.62 | 4.57 | 0.00 | 0.00 | 946 | 1,870 |
TY | Tri-Cont Corp | Columbia Mngmt | 2.35 | -11.28 | 3.51 | 0.00 | 2.30 | 1,832 | 1,573 |
USA | Liberty All-Star Eq Fd | ALPS | 2.38 | -3.68 | 10.76 | 0.00 | 0.00 | 1,560 | 5,586 |