CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

View All Indexes

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 1,231.13 0.17 -0.00 -1.18 2.55 6.28 4.30 6.87 5.20 -1.58 0.17 19.88
NAV 1,197.32 -0.10 -0.01 -1.10 1.70 4.46 4.06 6.37 4.38 -1.30 -0.51 12.89
Difference -0.27 -0.01 0.08 -0.85 -1.82 -0.24 -0.50 -0.82 0.28 -0.68 -6.99
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 19.71 1.78 - - - - - - - - 21.46
NAV 6.68 1.83 1.94 10.74 1.54 -2.04 3.20 2.66 13.40 0.80 - - - - - - - - 14.19
Difference -4.85 -0.24 0.17 -5.11 -0.88 0.65 -0.99 -1.20 -6.31 -0.98 - - - - - - - - -7.27
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 0.64 1.90 1.54 -1.24 2.19 -7.33 0.72 -6.53 -12.76 -10.57 -9.93
NAV 2.26 -3.20 -0.88 -1.88 1.09 1.38 -0.04 2.45 0.56 1.95 1.22 -0.43 2.74 -4.17 0.08 -4.17 -8.09 -5.35 -4.79
Difference 1.14 -0.39 -0.15 0.54 -0.88 -0.36 0.62 -0.62 -0.07 0.05 -0.32 0.81 0.55 3.16 -0.64 2.36 4.67 5.22 5.15
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 9.74 1.94 -1.40 1.97 2.49 -0.71 -0.50 2.32 1.10 3.58 13.33
NAV 1.55 1.95 0.26 3.79 1.07 0.64 0.68 2.41 6.20 1.43 -0.21 1.10 2.32 0.39 0.48 1.67 2.54 4.87 11.07
Difference -1.65 -0.79 0.37 -2.11 -1.71 0.55 -0.25 -1.43 -3.54 -0.51 1.19 -0.87 -0.16 1.09 0.97 -0.66 1.45 1.28 -2.26
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 9.41 4.00 1.22 -0.56 4.68 -3.13 0.12 2.42 -0.67 4.02 13.43
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 9.18
Difference 0.95 -1.15 -1.88 -1.96 -0.82 0.19 -1.39 -2.10 -4.06 -1.20 -0.58 0.93 -0.84 2.02 -0.68 -0.75 0.64 -0.19 -4.25
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 0.02 -1.25 -3.50 -4.33 -8.83 6.51 -1.53 -1.81 2.99 -5.84 -5.81
NAV 0.52 2.32 -0.16 2.69 1.26 0.22 -2.34 -0.89 1.80 -0.16 -3.49 -3.31 -6.82 4.37 -1.43 -2.33 0.49 -6.34 -4.54
Difference -0.92 -0.52 0.28 -1.17 -0.27 0.97 2.23 2.94 1.77 1.09 0.01 1.02 2.00 -2.14 0.10 -0.52 -2.50 -0.50 1.27

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-3.36%
1Yr Disc
-5.13%
3Yr Disc
-4.09%
5Yr Disc
-5.09%
Rel Disc Range (3yr)
60.14%
Mkt Yield
8.43%
Lev Adj NAV Yield
6.67%
After Tax Yield*
7.08%
Est Tax Friction*
1.35%
3Yr NAV Volatiliy
9.11
1 Yr RoC
21.06%
3 Yr Dest RoC
9.52%
Leverage
24.80%
Non Lev Exp Ratio
1.57%
Beta (2yr)
0.48
Equity Exposure
38.95%
Bond Exposure
59.98%
# Holdings
84
Cash Weighted Duration
2.51
Comp NAV TR
0.76%
Comp Discount
1.25%
Net Assets (M)
1,176
Liquidity - 90d (K)
3,320
* 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


84 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
JPS Nuv Pref & Incm Sec Fd Nuveen 1.22 -0.72 6.97 0.00 35.93 1,979 4,650
FPF FT Imd Dur Pref & Incm Fd First Trust 1.22 -2.08 7.41 1.93 30.71 1,432 3,428
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 1.23 2.24 6.55 0.00 33.60 890 2,679
JPC Nuv Pref & Incm Opp Fd Nuveen 1.18 -2.50 7.52 0.00 36.33 1,032 2,298
HPI JH Pref Incm Fd John Hancock 1.25 13.54 6.96 16.21 35.01 553 1,547
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 1.23 -0.23 6.68 0.00 33.90 493 1,413
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 1.20 -1.58 7.51 11.34 30.20 730 1,529
ARCC Ares Capital Corp Ares 1.25 9.32 8.47 0.00 43.51 7,369 31,847
PSEC Prospect Capital Corp Prospect Capital 1.22 -26.98 10.86 0.00 40.71 3,332 9,866
FSK FS KKR Capital Corp FS/KKR 1.19 -26.65 13.15 0.00 44.56 4,086 10,222
MAIN Main Street Cap Corp Main Street Capital 1.27 79.85 5.66 0.00 39.58 1,526 10,256
HTGC Hercules Capital Hercules 1.24 23.23 9.81 0.00 50.66 1,107 7,408
CGBD TCG BDC Carlyle 1.13 -17.58 10.53 0.00 50.42 1,019 5,327
AINV Apollo Inv Corp Apollo 1.26 -14.42 11.07 0.00 50.34 1,288 5,511
RQI C&S Qlty Incm Rty Fd Cohen & Steers 1.30 0.47 6.47 0.00 23.10 1,611 5,006
RNP C&S REIT & Pref Incm Fd Cohen & Steers 1.28 -4.18 6.42 0.00 24.00 1,150 3,997
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 1.22 -12.69 7.85 70.39 14.05 1,020 2,186
AWP Abd Glbl Prmr Prop Fd Aberdeen 1.16 -11.03 7.93 58.11 8.38 581 2,658
RFI C&S Tot Rtn Ry Fd Cohen & Steers 1.22 1.41 6.69 5.73 0.00 370 1,068
JRI Nuv Rel-Ast Incm & Gwth Fd Nuveen 1.19 -10.59 7.57 25.37 29.53 516 1,159
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 1.27 -4.06 8.84 37.90 27.70 268 1,322
CHY Calamos Convt & Hi Incm Fd Calamos 1.23 0.18 9.10 27.10 33.14 819 1,943
CHI Calamos Convt Opp & Incm Calamos 1.20 -1.69 9.18 27.25 32.93 754 1,896
NCV AG Convt & Incm Fd Allianz 1.21 2.53 11.11 32.84 41.09 497 1,566
NCZ AG Convt & Incm Fd II Allianz 1.20 1.21 10.76 40.56 41.55 376 1,070
CCD Calamos Dyn Convt & Incm Fd Calamos 1.23 2.96 9.76 47.49 33.01 488 1,596
AVK AC Convt Sec & Incm Fd Guggenheim Funds 1.14 -11.51 9.79 64.01 39.92 561 1,507
ACV AG Divr Incm & Convt Fd Allianz 1.24 4.07 8.34 0.00 29.94 238 861
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 1.16 -4.63 9.19 89.53 0.00 2,553 5,254
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 1.19 0.68 8.52 71.24 0.00 1,766 3,419
BDJ BR Enh Eq Div Tr BlackRock 1.19 -5.15 6.79 0.00 0.00 1,748 3,645
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 1.19 6.63 8.89 70.21 0.00 1,091 3,398
BST BR Sci & Tech Tr BlackRock 1.22 1.04 5.47 0.00 0.00 732 2,990
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 1.17 -3.81 9.10 62.88 0.00 1,071 2,470
NFJ AG NFJ Div Int & Prm Stgy Allianz 1.16 -10.54 7.41 30.51 0.00 1,286 2,225
JQC Nuv Cr Stgs Incm Fd Nuveen 1.14 -11.26 16.76 45.17 37.52 1,132 5,148
VVR Invsc Sr Incm Tr Invesco 1.15 -11.86 6.63 0.00 32.00 850 2,047
VTA Invsc Dyn Cr Opp Fd Invesco 1.16 -12.68 7.17 8.94 33.00 923 2,056
BGB B/GSO Stgc Cr Fd GSO / Blackstone 1.18 -6.91 9.49 0.00 37.17 691 2,103
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.17 -13.01 6.63 0.00 29.65 525 1,543
HFRO Highland Incm Fd Highland Capital 1.12 -8.61 7.14 24.96 31.12 1,018 1,489
EFT EV Flt-Rt Incm Tr Eaton Vance 1.18 -12.11 6.87 0.00 34.10 602 1,156
KYN KA MLP/Midstream Inv Co Kayne Anderson 1.13 -9.04 9.94 15.38 34.84 2,013 6,324
TYG Tortoise Nrg Infra Corp Tortoise 1.14 1.55 12.10 61.36 33.50 1,143 3,468
CEN Center Coast Brkf MLP & Nrg Infr Brookfield 1.09 1.42 17.51 91.24 30.12 237 2,924
NTG Tortoise Midstream Nrg Fd Tortoise 1.12 -2.53 13.31 84.22 36.10 824 3,088
CEM CB MLP & Midstream Fd Legg Mason 1.13 -10.55 10.39 89.12 32.68 894 2,386
KMF KA Midstream/Nrg Fd Kayne Anderson 1.10 -13.83 8.45 94.69 30.96 583 1,877
EMO CB Nrg Midstream Opp Fd Legg Mason 1.12 -12.06 10.60 76.39 33.00 708 1,575
HYT BR Corp Hi Yld Fd BlackRock 1.17 -10.10 8.23 0.00 27.51 1,424 3,717
DSU BR Dbt Stgs Fd BlackRock 1.20 -11.29 7.64 0.80 31.32 603 1,312
EAD WF Incm Opp Fd Wells Fargo 1.18 -9.21 8.77 8.83 28.66 561 1,484
KIO KKR Incm Opp Fd KKR Credit 1.18 -2.89 9.69 0.00 29.85 324 1,589
GHY PGIM Glbl Hi Yld Fd Prudential 1.17 -12.44 8.52 2.27 29.45 658 1,458
ISD PGIM Hi Yld Bnd Fd Prudential 1.17 -12.95 8.38 0.00 24.53 547 1,464
HIX WA Hi Incm Fd II Legg Mason 1.15 -7.57 8.39 4.64 28.90 619 1,589
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.18 25.94 8.78 2.13 36.83 1,243 5,382
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.23 20.57 7.73 0.00 24.11 574 1,716
PIM Putnam Mstr Imd Incm Tr Putnam 1.20 -4.98 7.86 23.69 7.96 256 621
VBF Invsc Bnd Fd Invesco 1.24 -6.01 4.08 2.05 0.00 235 623
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.20 -0.66 4.85 0.00 0.00 229 558
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.21 -5.96 7.05 10.96 25.90 273 524
WEA WA Prmr Bnd Fd Legg Mason 1.20 -5.35 5.81 0.00 27.10 171 444
CLM Cornerstone Stgc Val Fd Cornerstone 1.19 8.63 21.52 88.66 0.00 780 4,964
USA Liberty All-Star Eq Fd ALPS 1.13 -3.32 11.11 8.53 0.00 1,271 4,411
CRF Cornerstone Tot Rtn Fd Cornerstone 1.19 9.39 21.31 85.67 0.00 400 3,307
GAB Gabelli Eq Tr Gabelli 1.16 8.29 8.15 48.30 21.00 1,406 3,428
RVT Royce Val Tr Legg Mason 1.14 -12.19 8.36 0.00 3.12 1,450 3,285
GDV Gabelli Div & Incm Tr Gabelli 1.14 -7.08 6.41 23.24 22.00 1,828 2,804
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.19 0.98 7.38 0.00 20.50 1,704 2,863
CAF MS China A Shr Fd Morgan Stanley 1.14 -11.96 8.28 0.00 0.00 519 1,710
IGD Voya Glbl Eq Div & Prm Opp Voya 1.19 -4.17 11.38 55.34 0.00 651 2,388
IFN India Fund Aberdeen 1.11 -10.57 11.87 0.00 0.00 598 1,702
AOD Abd Tot Dyn Div Fd Aberdeen 1.16 -11.25 8.57 17.24 5.59 956 2,039
BGY BR Enh Intl DivTr BlackRock 1.15 -10.71 7.48 39.60 0.00 651 1,205
TDF Tmp Dragon Fd Templeton 1.16 -12.71 2.69 0.00 0.00 723 862
AEF Abd Emrg Mkt Eq Incm Fd Aberdeen 1.11 -11.53 2.34 5.25 9.20 392 774
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 1.24 -9.36 4.48 0.00 37.69 4,154 7,062
NAD Nuv Qlty Muni Incm Fd Nuveen 1.24 -10.27 4.42 0.00 37.63 3,264 5,780
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 1.27 -3.17 4.68 0.00 37.73 3,516 4,801
NZF Nuv Muni Cr Incm Fd Nuveen 1.25 -3.18 4.82 0.00 37.41 2,412 3,637
BBN BR Taxable Muni BndTr BlackRock 1.26 -1.26 5.35 4.32 36.97 1,451 3,878
NAC Nuv CA Qlty Muni Inc Fd Nuveen 1.25 -6.88 4.39 0.00 36.80 2,356 3,089
EIM EV Muni Bnd Fd Eaton Vance 1.26 -7.59 3.92 1.15 42.20 1,148 3,056

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, 2017. 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 2017. 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 %