CEF Advisors

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01. 12 Major CEF Sectors Index

Data as of

About the Index

The seven most liquid funds by 90-day average trading dollar $ liquidity in each of the 12 major groupings of funds: Business Development Companies (BDCs), Convertible Bonds, Covered Call Funds, Global Equity, High Yield Bonds, Investment Grade Bonds, Master Limited Partnership (MLP), Municipal Bonds, Preferred Equity, REITs/Real Assets, Senior Loans, and US Equity. Combine leverage and non-leverage groupings into one grouping when calculating the seven funds. The funds will be equal weight in the index. If there are less than seven available funds in a specific grouping, then equal weight the grouping with the smaller number of funds available. Each group will be 1/12 of the indexes over-all weighting. 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 1,577.78 -1.14 -2.46 2.65 8.76 17.86 40.15 11.14 10.84 0.15 6.42 16.59
NAV 1,488.42 -0.70 -1.59 2.33 5.98 11.44 28.56 9.83 9.39 0.54 5.14 10.37
Difference 0.44 0.86 -0.32 -2.78 -6.43 -11.59 -1.31 -1.44 0.40 -1.28 -6.22
* 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 1.46 3.95 3.89 9.56 3.72 2.45 - - - - - - - - - - - - -
NAV 1.14 1.95 1.81 4.98 3.07 1.45 - - - - - - - - - - - - -
Difference -0.32 -2.00 -2.07 -4.59 -0.65 -1.00 - - - - - - - - - - - - -
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price 0.68 -9.54 -23.04 -29.90 13.04 6.26 0.65 20.89 -15.26 3.84 3.38 -2.95 4.18 -0.87 13.74 3.94 17.19 22.09 3.46
NAV 0.34 -4.58 -19.13 -22.57 10.70 4.15 1.68 17.23 -9.23 4.07 2.61 -1.94 4.72 0.16 8.62 3.31 12.39 17.70 6.84
Difference -0.34 4.96 3.91 7.33 -2.33 -2.12 1.03 -3.66 6.03 0.24 -0.77 1.02 0.55 1.03 -5.12 -0.63 -4.80 -4.38 3.39
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 11.53 2.07 1.77 15.86 2.43 -2.69 4.19 3.86 20.33 1.78 -1.38 1.96 2.34 0.01 1.05 2.90 3.99 6.42 28.05
NAV 6.68 1.83 1.94 10.74 1.54 -2.04 3.20 2.66 13.69 0.80 -0.58 1.01 1.23 0.37 0.44 2.77 3.60 4.88 19.24
Difference -4.85 -0.24 0.17 -5.11 -0.88 0.65 -0.99 -1.20 -6.64 -0.98 0.80 -0.95 -1.11 0.36 -0.61 -0.13 -0.38 -1.54 -8.82
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 1.13 -2.81 -0.73 -2.43 1.98 1.74 -0.66 3.07 0.56 1.90 1.54 -1.24 2.19 -7.33 0.72 -6.53 -12.76 -10.85 -10.35
NAV 2.26 -3.20 -0.88 -1.88 1.09 1.38 -0.04 2.45 0.52 1.95 1.22 -0.43 2.74 -4.17 0.08 -4.17 -8.09 -5.57 -5.08
Difference 1.14 -0.39 -0.15 0.54 -0.88 -0.36 0.62 -0.62 -0.05 0.05 -0.32 0.81 0.55 3.16 -0.64 2.36 4.67 5.28 5.26
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 3.20 2.74 -0.12 5.91 2.79 0.09 0.94 3.84 9.97 1.94 -1.40 1.97 2.49 -0.71 -0.50 2.32 1.10 3.61 13.94
NAV 1.55 1.95 0.26 3.79 1.07 0.64 0.68 2.41 6.29 1.43 -0.21 1.10 2.32 0.39 0.48 1.67 2.54 4.93 11.53
Difference -1.65 -0.79 0.37 -2.11 -1.71 0.55 -0.25 -1.43 -3.68 -0.51 1.19 -0.87 -0.16 1.09 0.97 -0.66 1.45 1.31 -2.41
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -4.92 0.29 6.86 1.90 3.56 1.14 2.65 7.52 9.55 4.00 1.22 -0.56 4.68 -3.13 0.12 2.42 -0.67 3.99 13.92
NAV -3.97 -0.86 4.98 -0.06 2.73 1.33 1.27 5.41 5.35 2.81 0.64 0.37 3.85 -1.11 -0.56 1.67 -0.02 3.82 9.38
Difference 0.95 -1.15 -1.88 -1.96 -0.82 0.19 -1.39 -2.10 -4.20 -1.20 -0.58 0.93 -0.84 2.02 -0.68 -0.75 0.64 -0.16 -4.54
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 1.44 2.83 -0.43 3.86 1.53 -0.75 -4.57 -3.84 -0.13 -1.25 -3.50 -4.33 -8.83 6.51 -1.53 -1.81 2.99 -6.10 -6.22
NAV 0.52 2.32 -0.16 2.69 1.26 0.22 -2.34 -0.89 1.77 -0.16 -3.49 -3.31 -6.82 4.37 -1.43 -2.33 0.49 -6.37 -4.71
Difference -0.92 -0.52 0.28 -1.17 -0.27 0.97 2.23 2.94 1.90 1.09 0.01 1.02 2.00 -2.14 0.10 -0.52 -2.50 -0.27 1.50

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-1.29%
1Yr Disc
-6.14%
3Yr Disc
-5.01%
5Yr Disc
-4.19%
Rel Disc Range (3yr)
76.48%
Mkt Yield
7.07%
Lev Adj NAV Yield
5.75%
After Tax Yield*
5.94%
Est Tax Friction*
1.13%
3Yr NAV Volatiliy
20.75
1 Yr RoC
37.80%
3 Yr Dest RoC
15.66%
Leverage
23.55%
Non Lev Exp Ratio
1.53%
Beta (2yr)
0.93
Equity Exposure
40.80%
Bond Exposure
56.65%
# Holdings
83
Cash Weighted Duration
1.92
Comp NAV TR
-0.17%
Comp Discount
1.57%
Net Assets (M)
1,351
Liquidity - 90d (K)
4,375
* 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


83 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
JPS Nuv Pref & Incm Sec Fd Nuveen 1.15 -0.10 6.16 0.00 36.16 2,009 3,288
JPC Nuv Pref & Incm Opp Fd Nuveen 1.19 0.61 6.42 0.00 36.48 1,018 2,289
FPF FT Imd Dur Pref & Incm Fd First Trust 1.19 0.52 6.12 5.27 30.88 1,510 2,782
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 1.08 4.44 6.79 0.00 32.80 969 1,907
PDT JH Prm Div Fd John Hancock 1.27 14.85 6.97 4.74 34.09 711 1,942
PTA Tx-Adv Pref Sec Pref Sec & Incm Fd Cohen & Steers 1.14 -3.58 6.22 40.22 32.80 1,301 2,397
HPI JH Pref Incm Fd John Hancock 1.16 3.05 6.97 3.98 31.65 541 1,157
ARCC Ares Capital Corp Ares 1.14 8.88 8.42 0.00 49.97 7,632 38,857
PSEC Prospect Capital Corp Prospect Capital 1.26 -10.23 8.55 9.08 35.60 3,637 20,598
ORCC Owl Rock Capital Corp Owl Rock 1.18 -4.25 8.74 0.00 47.86 5,801 18,643
MAIN Main Street Cap Corp Main Street Capital 1.18 80.09 6.03 0.00 44.69 1,545 13,231
FSK FS KKR Capital Corp FS/KKR 2.54 -15.87 10.96 0.00 52.17 3,221 13,078
HTGC Hercules Capital Hercules 1.22 50.79 7.47 0.00 47.65 1,315 11,416
RQI C&S Qlty Incm Rty Fd Cohen & Steers 1.24 -3.37 6.31 0.00 26.10 2,113 6,488
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 1.26 -7.46 6.91 66.90 22.18 1,094 3,451
AWP Abd Glbl Prmr Prop Fd Aberdeen 1.18 -7.86 7.73 65.75 16.64 576 2,879
RNP C&S REIT & Pref Incm Fd Cohen & Steers 1.20 -2.67 5.75 0.00 26.60 1,264 2,265
JRI Nuv Rel-Ast Incm & Gwth Fd Nuveen 1.23 -6.41 7.27 47.12 27.77 467 1,372
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 1.20 -3.78 7.75 64.30 16.70 238 930
RFI C&S Tot Rtn Rty Fd Cohen & Steers 1.22 6.46 6.07 0.00 0.00 390 905
CHY Calamos Convt & Hi Incm Fd Calamos 1.23 2.16 7.46 0.00 32.06 1,153 3,216
CHI Calamos Convt Opp & Incm Calamos 1.21 0.74 7.59 0.00 32.00 1,058 3,331
NCZ Virtus AG Convt & Incm Fd II Virtus 1.20 -8.10 8.62 35.71 39.12 432 2,151
NCV Virtus AG Convt & Incm Fd Virtus 1.20 -6.00 8.57 33.51 38.63 572 2,331
CCD Calamos Dyn Convt & Incm Fd Calamos 1.10 2.05 7.59 0.00 30.96 741 2,466
AVK Advent Convt & Incm Fd Guggenheim Funds 1.23 -4.82 7.34 44.80 31.55 695 2,519
ACV Virtus AG Divr Incm & Convt Fd Virtus 1.20 -6.26 6.03 0.00 22.45 367 1,329
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 1.22 -1.38 7.39 91.83 0.00 3,071 6,480
BST BR Sci & Tech Tr BlackRock 1.18 4.30 4.80 8.01 0.00 1,369 4,509
BDJ BR Enh Eq Div Tr BlackRock 1.18 -3.72 6.10 6.55 0.00 1,901 4,668
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 1.23 2.81 7.28 78.02 0.00 2,051 4,319
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 1.20 2.69 6.27 95.71 0.00 1,193 3,190
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 1.20 6.10 8.13 96.25 0.00 1,413 4,552
NFJ Virtus Div Int & Prm Stgy Fd Virtus 1.18 -10.78 6.21 36.71 0.00 1,540 3,181
JFR Nuv Flt Rt Incm Fd Nuveen 1.14 -7.19 7.19 0.44 36.11 594 3,133
JQC Nuv Cr Stgs Incm Fd Nuveen 1.17 -5.44 10.04 64.46 36.43 947 4,703
NSL Nuv Sr Incm Fd Nuveen 1.16 -6.84 7.13 0.91 36.00 237 2,600
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.14 -7.64 7.23 1.38 36.16 419 1,898
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.14 -6.29 6.11 22.84 29.11 493 1,919
VTA Invsc Dyn Cr Opp Fd Invesco 1.16 -5.16 7.77 29.96 28.00 770 2,018
VVR Invsc Sr Incm Tr Invesco 1.17 -6.26 5.81 17.67 28.00 709 2,822
KYN KA Nrg Infra Fd Kayne Anderson 1.33 -9.64 7.03 100.00 26.67 1,194 4,743
CEM CB MLP & Midstream Fd Franklin Templeton 1.40 -14.25 6.67 100.00 28.90 456 1,948
TYG Tortoise Nrg Infra Corp Tortoise 1.32 -20.43 4.78 100.00 26.20 427 1,445
FEI FT MLP & Nrg Incm Fd First Trust 1.27 -8.87 7.78 78.37 18.86 383 1,378
FEN FT Nrg Incm & Gwth Fd First Trust 1.23 -2.10 8.32 96.47 19.53 286 1,102
KMF KA NextGen Nrg & Infra Kayne Anderson 1.21 -19.14 5.01 30.81 25.71 419 978
EMO CB Nrg Midstream Opp Fd Franklin Templeton 1.40 -18.21 6.61 100.00 28.90 374 1,394
DHY CS Hi Yld Bnd Fd Credit Suisse 1.18 -2.71 7.41 0.00 28.03 267 3,143
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.19 -3.31 8.04 0.00 28.59 241 2,560
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.17 0.00 7.74 0.00 25.64 183 3,148
HYT BR Corp Hi Yld Fd BlackRock 1.18 0.08 7.67 13.98 30.90 1,484 4,125
DLY DbLin Yld Opp Fd Doubleline 1.17 -3.33 7.09 0.95 20.75 979 2,167
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 1.13 -6.21 7.25 0.00 28.35 774 1,840
DSU BR Dbt Stgs Fd BlackRock 1.17 -2.31 6.36 22.97 31.23 545 1,401
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.22 35.87 8.01 7.66 47.16 1,262 8,776
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.19 25.43 7.48 0.41 36.79 593 1,392
GDO WA Glbl Corp Dfin Opp Fd Franklin Templeton 1.18 -1.98 6.63 11.64 28.67 279 606
PIM Putnam Mstr Imd Incm Tr Putnam 1.12 -2.53 6.23 41.92 0.00 223 522
VBF Invsc Bnd Fd Invesco 1.14 -3.52 3.34 1.61 0.00 240 611
IGI WA Inv Grd Dfin Opp Tr Franklin Templeton 1.12 -2.88 3.76 2.28 0.00 237 475
WEA WA Prmr Bnd Fd Franklin Templeton 1.19 -0.20 5.38 0.00 28.44 175 419
CLM Cornerstone Stgc Val Fd Cornerstone 0.96 10.80 17.19 40.24 0.00 1,184 16,084
USA Liberty All-Star Eq Fd ALPS 1.29 8.76 9.33 0.00 0.00 1,711 9,309
CRF Cornerstone Tot Rtn Fd Cornerstone 0.95 12.50 16.94 44.28 0.00 600 8,184
GDV Gabelli Div & Incm Tr Gabelli 1.20 -9.28 5.19 0.56 10.00 2,536 4,522
RVT Royce Val Tr Franklin Templeton 1.14 -9.41 6.53 4.95 3.56 2,069 3,771
GAB Gabelli Eq Tr Gabelli 1.09 2.93 9.00 49.17 20.00 1,696 4,008
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.17 -0.33 6.42 2.36 18.50 2,000 3,155
BSTZ BR Sci & Tech Tr II BlackRock 1.27 -3.19 5.13 12.42 0.00 3,227 6,861
AOD Abd Tot Dyn Div Fd Aberdeen 1.19 -8.47 6.87 1.89 0.84 1,158 2,960
IFN India Fund Aberdeen 1.16 -7.44 10.42 51.49 0.00 647 2,189
IGD Voya Glbl Eq Div & Prm Opp Voya 1.19 -6.46 8.08 74.08 0.00 513 2,293
BGY BR Enh Intl DivTr BlackRock 1.20 -5.56 6.29 61.85 0.00 712 1,568
TDF Tmp Dragon Fd Franklin Templeton 1.09 -8.60 5.03 0.00 0.00 849 868
HGLB Highland Glbl Alloc Fd Highland Capital 1.33 -23.58 9.46 4.38 27.45 259 1,705
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 1.19 -3.41 4.51 0.00 36.92 4,817 6,226
NAD Nuv Qlty Muni Incm Fd Nuveen 1.19 -3.82 4.50 0.00 36.47 3,851 5,555
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 1.17 -1.13 4.63 0.00 36.82 3,779 4,550
BBN BR Taxable Muni BndTr BlackRock 1.17 -0.16 5.52 4.50 31.63 1,489 3,734
NUV Nuv Muni Val Fd Nuveen 1.16 5.93 3.25 0.00 1.31 2,237 2,456
NAC Nuv CA Qlty Muni Inc Fd Nuveen 1.19 -4.77 4.20 0.00 35.69 2,366 2,473
NZF Nuv Muni Cr Incm Fd Nuveen 1.20 -1.56 4.65 0.00 36.37 2,462 2,651

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.

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. 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.

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