About the Index
Covered Call Equity grouping according to CEFdata.com. 90-day average trade dollar $ liquidity over $500K. Equal weight each fund for the index. The index constituents will be rebalanced each quarter.
Index Performance
Current($) | Previous Day(%) | 1 Week(%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) | 3 Year(%) | 5 Year(%) | MTD(%) | QTD(%) | YTD(%) | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Price | 1,578.21 | -0.39 | 1.15 | 3.62 | 15.67 | 20.56 | 6.97 | 7.10 | 13.96 | 1.54 | 1.54 | 1.54 | |||||||
NAV | 1,527.15 | -0.17 | 1.15 | 4.31 | 12.04 | 18.78 | 11.54 | 7.87 | 12.23 | 2.37 | 2.37 | 2.37 | |||||||
Difference | 0.22 | 0.00 | 0.69 | -3.63 | -1.78 | 4.57 | 0.78 | -1.73 | 0.83 | 0.83 | 0.83 | ||||||||
* 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 | 0.00 | -11.46 | -15.15 | -24.87 | 11.41 | 4.15 | 1.70 | 18.00 | -11.34 | 3.71 | 4.68 | -4.23 | 3.96 | -3.16 | 14.54 | 5.06 | 16.54 | 16.54 | 7.42 |
NAV | -0.84 | -7.83 | -13.28 | -20.74 | 9.76 | 4.33 | 1.92 | 16.70 | -7.50 | 4.77 | 4.17 | -2.24 | 6.69 | -1.70 | 10.09 | 3.65 | 12.17 | 12.17 | 10.70 |
Difference | -0.84 | 3.63 | 1.86 | 4.13 | -1.65 | 0.18 | 0.22 | -1.30 | 3.84 | 1.06 | -0.50 | 1.99 | 2.73 | 1.46 | -4.45 | -1.41 | -4.36 | -4.36 | 3.29 |
2019 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2019 | |
Price | 10.81 | 3.12 | 1.18 | 15.62 | 2.83 | -5.77 | 6.61 | 3.31 | 19.44 | 2.26 | -2.40 | 1.46 | 1.26 | 2.84 | 2.63 | 2.06 | 7.72 | 9.08 | 30.28 |
NAV | 7.16 | 2.60 | 1.33 | 11.40 | 3.09 | -5.67 | 5.29 | 2.39 | 14.06 | 1.75 | -1.59 | 1.00 | 1.13 | 2.32 | 2.35 | 2.36 | 7.19 | 8.40 | 23.64 |
Difference | -3.65 | -0.52 | 0.14 | -4.22 | 0.26 | 0.10 | -1.32 | -0.92 | -5.38 | -0.51 | 0.81 | -0.46 | -0.13 | -0.51 | -0.29 | 0.30 | -0.53 | -0.67 | -6.64 |
2018 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2018 | |
Price | 2.15 | -2.26 | -1.55 | -1.72 | 3.06 | 3.31 | -0.70 | 5.72 | 3.91 | 2.23 | 2.06 | -0.31 | 4.02 | -9.53 | 2.03 | -10.55 | -17.43 | -14.12 | -10.76 |
NAV | 3.24 | -2.65 | -1.99 | -1.49 | 0.99 | 1.96 | -0.44 | 2.51 | 0.98 | 3.50 | 1.88 | 0.14 | 5.60 | -6.51 | 1.02 | -7.96 | -13.07 | -8.21 | -7.31 |
Difference | 1.09 | -0.38 | -0.43 | 0.23 | -2.07 | -1.35 | 0.26 | -3.21 | -2.92 | 1.27 | -0.18 | 0.45 | 1.58 | 3.02 | -1.01 | 2.59 | 4.36 | 5.91 | 3.45 |
2017 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2017 | |
Price | 4.18 | 2.42 | 0.76 | 7.52 | 3.56 | 1.91 | -0.27 | 5.26 | 13.17 | 3.01 | -0.56 | 2.42 | 4.91 | 2.12 | 0.66 | 1.98 | 4.83 | 9.98 | 24.46 |
NAV | 2.38 | 2.07 | 0.45 | 4.97 | 1.62 | 1.50 | 0.00 | 3.14 | 8.27 | 2.05 | 0.60 | 1.52 | 4.22 | 1.74 | 1.79 | 0.63 | 4.21 | 8.60 | 17.59 |
Difference | -1.80 | -0.35 | -0.31 | -2.55 | -1.95 | -0.41 | 0.27 | -2.11 | -4.90 | -0.96 | 1.15 | -0.90 | -0.69 | -0.38 | 1.13 | -1.36 | -0.62 | -1.37 | -6.88 |
2016 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2016 | |
Price | -6.80 | 0.36 | 6.70 | -0.20 | 1.00 | 1.90 | 0.66 | 3.60 | 3.39 | 3.53 | 1.38 | 0.73 | 5.73 | -1.85 | 1.04 | 0.69 | -0.14 | 5.58 | 9.16 |
NAV | -4.85 | -0.16 | 4.95 | -0.31 | 1.10 | 1.50 | -0.28 | 2.33 | 2.02 | 3.12 | 0.70 | 0.51 | 4.37 | -0.87 | 1.94 | 0.99 | 2.06 | 6.52 | 8.67 |
Difference | 1.95 | -0.53 | -1.75 | -0.11 | 0.10 | -0.40 | -0.93 | -1.26 | -1.37 | -0.41 | -0.68 | -0.22 | -1.36 | 0.97 | 0.91 | 0.30 | 2.20 | 0.94 | -0.49 |
2015 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2015 | |
Price | 0.46 | 4.91 | -0.68 | 4.67 | 1.31 | 0.83 | -2.05 | 0.06 | 4.73 | 0.22 | -5.38 | -3.93 | -8.90 | 7.50 | 0.88 | -0.45 | 7.96 | -1.66 | 3.00 |
NAV | -1.00 | 4.65 | -1.33 | 2.23 | 1.96 | 1.31 | -1.90 | 1.33 | 3.59 | 1.15 | -5.54 | -2.44 | -6.79 | 6.73 | 0.33 | -1.97 | 4.97 | -2.16 | 1.35 |
Difference | -1.46 | -0.25 | -0.65 | -2.44 | 0.65 | 0.48 | 0.15 | 1.27 | -1.14 | 0.93 | -0.15 | 1.49 | 2.11 | -0.77 | -0.55 | -1.52 | -2.98 | -0.50 | -1.64 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -5.64% |
1Yr Disc -5.98% |
3Yr Disc -3.32% |
5Yr Disc -4.04% |
Rel Disc Range (3yr) 53.73% |
Mkt Yield 7.36% |
Lev Adj NAV Yield 6.88% |
After Tax Yield* 6.73% |
Est Tax Friction* 0.63% |
3Yr NAV Volatiliy 21.18 |
1 Yr RoC 58.79% |
3 Yr Dest RoC 12.96% |
Leverage 1.37% |
Non Lev Exp Ratio 1.04% |
Beta (2yr) 0.82 |
Equity Exposure 95.70% |
Bond Exposure 2.54% |
# Holdings 23 |
Cash Weighted Duration |
|
Comp NAV TR 1.43% |
Comp Discount 0.93% |
Net Assets (M) 933 |
Liquidity - 90d (K) 2,663 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
23 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
BDJ | BR Enh Eq Div Tr | BlackRock | 4.32 | -10.19 | 7.02 | 8.93 | 0.00 | 1,771 | 5,382 |
BOE | BR Enh Glbl DivTr | BlackRock | 4.36 | -9.98 | 6.81 | 66.69 | 0.00 | 790 | 1,919 |
BST | BR Sci & Tech Tr | BlackRock | 4.37 | 0.00 | 4.13 | 53.53 | 0.00 | 1,359 | 5,191 |
BXMX | Nuv S&P 500 By-Wrt Inc Fd | Nuveen | 4.21 | -9.12 | 6.79 | 51.73 | 0.00 | 1,450 | 3,355 |
CII | BR Enh Cap & Incm Fd | BlackRock | 4.41 | -8.52 | 5.86 | 28.11 | 0.00 | 864 | 1,912 |
DIAX | Nuv Dow 30SM Dyn Owrt Fd | Nuveen | 4.25 | -10.51 | 7.25 | 39.56 | 0.00 | 612 | 1,852 |
EOI | EV Enh Eq Incm Fd | Eaton Vance | 4.36 | -4.19 | 6.55 | 84.29 | 0.00 | 676 | 1,742 |
EOS | EV Enh Eq Incm Fd II | Eaton Vance | 4.26 | -0.28 | 5.49 | 85.96 | 0.00 | 1,076 | 2,565 |
ETB | EV Tx-Mgd By-Wrt Incm Fd | Eaton Vance | 4.23 | 1.02 | 8.74 | 62.10 | 0.00 | 390 | 1,231 |
ETJ | EV Risk-Mgd Divr Eq Incm Fd | Eaton Vance | 4.32 | 2.45 | 8.73 | 64.71 | 0.00 | 651 | 2,493 |
ETV | EV Tx-Mgd By-Wrt Opp Fd | Eaton Vance | 4.22 | 3.56 | 8.79 | 94.85 | 0.00 | 1,326 | 3,764 |
ETW | EV Tx-Mgd Glbl By-Wrt Opp | Eaton Vance | 4.30 | -6.62 | 8.97 | 62.26 | 0.00 | 1,120 | 3,721 |
ETY | EV Tx-Mgd Divr Eq Incm Fd | Eaton Vance | 4.35 | -3.94 | 8.13 | 92.06 | 0.00 | 1,965 | 4,876 |
EXG | EV Tx-Mgd Glbl Divr Eq Incm | Eaton Vance | 4.34 | -6.43 | 8.32 | 94.59 | 0.00 | 2,874 | 6,539 |
FFA | FT Enh Eq Incm Fd | First Trust | 4.27 | -6.39 | 6.48 | 74.66 | 0.00 | 375 | 751 |
GPM | Gghm Enh Eq Incm Fd | Guggenheim Funds | 4.36 | -12.12 | 7.20 | 49.08 | 31.46 | 367 | 1,375 |
HEQ | JH Hgd Eq & Incm Fd | John Hancock | 4.35 | -10.34 | 9.98 | 49.66 | 0.00 | 158 | 911 |
IGA | Voya Glbl Adv & Prm Opp Fd | Voya | 4.42 | -12.04 | 8.91 | 2.03 | 0.00 | 183 | 782 |
MCN | Madison Cov Call & Eq Stgc | Madison | 4.56 | -0.96 | 10.01 | 36.86 | 0.00 | 152 | 844 |
NFJ | AG Div Int & Prm Stgy Fd | Allianz | 4.43 | -12.64 | 6.58 | 7.00 | 0.00 | 1,485 | 3,443 |
QQQX | Nuv Nasdaq 100 Dyn Owrt Fd | Nuveen | 4.41 | -2.37 | 5.83 | 95.60 | 0.00 | 1,138 | 3,753 |
SPXX | Nuv S&P 500 Dyn Owrt Fd | Nuveen | 4.30 | -7.45 | 6.41 | 82.59 | 0.00 | 284 | 1,064 |
STK | ClmbSlgmn Prm Tech Gwth Fd | Columbia Mngmt | 4.62 | -2.65 | 6.29 | 69.10 | 0.00 | 480 | 1,929 |