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 | 1,852.00 | 0.49 | 0.97 | 3.72 | 11.27 | 30.42 | 65.21 | 12.87 | 14.96 | 2.77 | 2.77 | 14.26 | |||||||
NAV | 1,697.26 | 0.19 | 0.28 | 1.65 | 6.19 | 20.95 | 54.77 | 11.56 | 12.52 | 2.29 | 2.29 | 9.27 | |||||||
Difference | -0.30 | -0.69 | -2.07 | -5.08 | -9.46 | -10.43 | -1.31 | -2.45 | -0.47 | -0.47 | -4.98 | ||||||||
* Periods greater than 1 Year are annualized. ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00 |
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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NAV | 0.70 | 3.41 | 2.58 | 6.82 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Difference | -0.83 | -1.89 | -1.41 | -4.36 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -5.86% |
1Yr Disc -10.35% |
3Yr Disc -8.03% |
5Yr Disc -8.30% |
Rel Disc Range (3yr) 66.36% |
Mkt Yield 6.92% |
Lev Adj NAV Yield 6.17% |
After Tax Yield* 5.85% |
Est Tax Friction* 1.07% |
3Yr NAV Volatiliy 23.69 |
1 Yr RoC 35.49% |
3 Yr Dest RoC 18.02% |
Leverage 10.05% |
Non Lev Exp Ratio 1.31% |
Beta (2yr) 0.96 |
Equity Exposure 91.49% |
Bond Exposure 6.25% |
# Holdings 41 |
Cash Weighted Duration 0.06 |
|
Comp NAV TR 1.74% |
Comp Discount 2.22% |
Net Assets (M) 855 |
Liquidity - 90d (K) 2,374 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
41 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
ADX | Adams Divr Eq Fd | Adams Funds | 2.48 | -13.68 | 4.72 | 0.00 | 0.00 | 2,450 | 3,416 |
AEF | Abd Emrg Mkt Eq Incm Fd | Aberdeen | 2.34 | -13.03 | 2.95 | 0.00 | 7.71 | 498 | 483 |
AOD | Abd Tot Dyn Div Fd | Aberdeen | 2.43 | -10.46 | 7.07 | 2.95 | 2.31 | 1,149 | 3,159 |
ASG | Liberty All-Star Gwth Fd | ALPS | 2.42 | 4.39 | 7.74 | 0.00 | 0.00 | 357 | 1,516 |
BGY | BR Enh Intl DivTr | BlackRock | 2.44 | -6.86 | 6.49 | 70.16 | 0.00 | 699 | 1,339 |
BIF | Boulder Gwth & Incm Fd | Boulder | 2.48 | -14.68 | 3.11 | 3.61 | 14.05 | 1,513 | 1,633 |
BSTZ | BR Sci & Tech Tr II | BlackRock | 2.57 | -4.24 | 5.31 | 70.21 | 0.00 | 3,152 | 9,502 |
CAF | MS China A Shr Fd | Morgan Stanley | 2.37 | -10.57 | 10.24 | 0.00 | 0.00 | 551 | 1,026 |
CET | Cntrl Sec Corp | Central Securities | 2.44 | -16.00 | 4.36 | 0.00 | 0.00 | 1,218 | 630 |
CLM | Cornerstone Stgc Val Fd | Cornerstone | 2.40 | 35.93 | 14.11 | 68.20 | 0.00 | 782 | 14,050 |
CRF | Cornerstone Tot Rtn Fd | Cornerstone | 2.41 | 39.36 | 13.74 | 69.44 | 0.00 | 396 | 7,292 |
EMF | Tmp Emrg Mkt Fd | Franklin Templeton | 2.39 | -9.85 | 3.42 | 0.00 | 4.97 | 345 | 684 |
EOD | WF Glbl Div Opp Fd | Wells Fargo | 2.50 | -8.60 | 9.36 | 0.00 | 16.60 | 257 | 1,239 |
ETG | EV Tx-Adv Glbl Div Incm Fd | Eaton Vance | 2.47 | -6.76 | 6.19 | 33.14 | 19.90 | 1,625 | 3,076 |
ETO | EV Tx-Adv Glbl Div Opp Fd | Eaton Vance | 2.53 | -4.28 | 6.11 | 5.25 | 19.60 | 458 | 1,547 |
EVT | EV Tx-Adv Div Incm Fd | Eaton Vance | 2.43 | -1.61 | 6.47 | 3.85 | 19.80 | 2,010 | 3,760 |
FDEU | FT Dyn Euro Eq Incm Fd | First Trust | 2.43 | -11.26 | 5.53 | 58.62 | 23.58 | 253 | 559 |
FUND | Sprott Focus Tr | Sprott | 2.46 | -10.80 | 6.62 | 0.00 | 0.00 | 273 | 599 |
GAB | Gabelli Eq Tr | Gabelli | 2.44 | 7.86 | 8.57 | 47.08 | 22.00 | 1,699 | 4,073 |
GAM | General American Invstr | General American Inv | 2.48 | -14.06 | 6.02 | 0.00 | 14.55 | 1,196 | 1,156 |
GDV | Gabelli Div & Incm Tr | Gabelli | 2.47 | -10.10 | 5.29 | 0.84 | 12.00 | 2,509 | 4,465 |
GGT | Gabelli Multimedia Tr | Gabelli | 2.53 | 10.76 | 8.64 | 9.36 | 31.00 | 232 | 775 |
GLQ | Clough Glbl Eq Fd | Clough | 2.48 | -5.08 | 10.13 | 0.00 | 32.28 | 221 | 1,409 |
HGLB | Highland Glbl Alloc Fd | Highland Capital | 2.56 | -25.27 | 10.25 | 4.27 | 24.76 | 242 | 1,458 |
HIE | Miller/Howard Hi Incm Eq Fd | Miller/Howard | 2.40 | -7.78 | 5.93 | 30.75 | 19.35 | 197 | 755 |
IDE | Voya Infra Ind & Matrls Fd | Voya | 2.38 | -4.25 | 7.39 | 81.22 | 0.00 | 240 | 1,265 |
IFN | India Fund | Aberdeen | 2.32 | -6.50 | 11.05 | 51.49 | 0.00 | 604 | 2,050 |
IGD | Voya Glbl Eq Div & Prm Opp | Voya | 2.43 | -7.46 | 8.23 | 78.42 | 0.00 | 598 | 1,886 |
IHD | Voya Emrg Mkt Hi Div Eq Fd | Voya | 2.33 | -7.65 | 9.17 | 79.00 | 0.00 | 162 | 681 |
IIF | MS India Inv Fd | Morgan Stanley | 2.28 | -13.62 | 0.02 | 0.00 | 0.00 | 293 | 532 |
JCE | Nuv Core Eq Alpha Fd | Nuveen | 2.53 | -3.47 | 7.66 | 6.41 | 0.00 | 264 | 760 |
JOF | Japan Sml Caplz Fd | Nomura | 2.41 | -11.67 | 3.64 | 0.00 | 0.00 | 303 | 572 |
JTA | Nuv Tx-Adv Tot Rtn Stgy Fd | Nuveen | 2.46 | -10.05 | 7.03 | 58.78 | 27.80 | 168 | 699 |
JTD | Nuv Tx-Adv Div Gwth Fd | Nuveen | 2.46 | -9.72 | 7.68 | 2.25 | 29.49 | 246 | 712 |
LGI | Lzrd Glbl Tot Rtn & Incm Fd | Lazard | 2.45 | -4.44 | 6.97 | 0.00 | 27.13 | 270 | 789 |
RMT | Royce Micro-Cap Tr | Franklin Templeton | 2.48 | -11.79 | 5.16 | 12.02 | 4.09 | 586 | 1,706 |
RVT | Royce Val Tr | Franklin Templeton | 2.44 | -10.67 | 5.60 | 10.04 | 3.57 | 2,121 | 4,570 |
SPE | Spl Opp Fd | Bulldog | 2.43 | -16.79 | 7.51 | 0.00 | 28.85 | 155 | 716 |
TDF | Tmp Dragon Fd | Franklin Templeton | 2.26 | -8.38 | 5.15 | 0.00 | 0.00 | 827 | 1,023 |
TY | Tri-Cont Corp | Columbia Mngmt | 2.46 | -9.44 | 2.93 | 0.00 | 2.10 | 1,945 | 1,650 |
USA | Liberty All-Star Eq Fd | ALPS | 2.56 | 2.75 | 9.73 | 0.00 | 0.00 | 1,737 | 7,524 |