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(%) | 10 Year(%) | MTD(%) | QTD(%) | YTD(%) | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Price | 1,681.70 | 2.24 | 3.90 | -1.91 | -2.76 | -12.73 | -6.54 | 9.57 | 8.25 | 9.96 | -2.07 | -9.08 | -14.31 | ||||||
NAV | 1,549.55 | 1.64 | 2.95 | -1.94 | -4.14 | -12.07 | -6.31 | 8.77 | 7.47 | 8.42 | -1.88 | -8.35 | -13.19 | ||||||
Difference | -0.60 | -0.95 | -0.03 | -1.38 | 0.66 | 0.23 | -0.80 | -0.77 | -1.54 | 0.19 | 0.73 | 1.13 | |||||||
* Periods greater than 1 Year are annualized. ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00 |
2022 - Monthly Performance (%) | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2022 | |
Price | -5.54 | -3.01 | 2.87 | -5.75 | -7.16 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NAV | -4.30 | -2.41 | 1.42 | -5.28 | -6.59 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Difference | 1.24 | 0.60 | -1.44 | 0.47 | 0.57 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2021 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2021 | |
Price | -0.97 | 3.81 | 5.05 | 7.99 | 5.47 | 2.34 | 2.20 | 10.30 | 19.12 | 0.63 | 2.26 | -4.29 | -1.51 | 5.57 | -1.21 | 3.19 | 7.63 | 6.01 | 26.27 |
NAV | -0.07 | 2.80 | 3.20 | 6.01 | 3.71 | 1.40 | 1.33 | 6.56 | 12.97 | 1.19 | 1.92 | -3.79 | -0.77 | 4.89 | -1.59 | 3.41 | 6.73 | 5.91 | 19.65 |
Difference | 0.90 | -1.01 | -1.85 | -1.98 | -1.75 | -0.93 | -0.87 | -3.74 | -6.15 | 0.56 | -0.34 | 0.50 | 0.74 | -0.69 | -0.39 | 0.21 | -0.90 | -0.09 | -6.62 |
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 | 21.16 | 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 | 19.68 | 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 | -1.47 | 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 |
2014 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2014 | |
Price | -0.55 | 4.21 | 0.67 | 4.33 | 2.20 | 3.26 | 1.46 | 7.08 | 11.72 | -1.05 | 3.15 | -2.69 | -0.68 | 0.42 | 0.91 | -4.01 | -2.73 | -3.39 | 7.92 |
NAV | -1.71 | 3.78 | 0.01 | 2.02 | 0.80 | 1.76 | 1.74 | 4.35 | 6.46 | -1.36 | 2.80 | -2.29 | -0.92 | -0.38 | 0.44 | -0.65 | -0.59 | -1.51 | 4.86 |
Difference | -1.15 | -0.44 | -0.66 | -2.32 | -1.41 | -1.50 | 0.28 | -2.72 | -5.26 | -0.31 | -0.35 | 0.40 | -0.24 | -0.80 | -0.47 | 3.36 | 2.14 | 1.89 | -3.07 |
2013 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2013 | |
Price | 6.49 | 0.52 | 2.22 | 9.43 | 1.26 | 0.56 | -2.29 | -0.50 | 8.88 | 2.80 | -2.07 | 1.04 | 1.72 | 4.58 | 0.45 | 1.35 | 6.46 | 8.30 | 17.91 |
NAV | 3.66 | -0.07 | 1.72 | 5.37 | 1.24 | 0.15 | -1.86 | -0.49 | 4.85 | 3.40 | -1.53 | 2.63 | 4.50 | 3.01 | 1.48 | 1.54 | 6.15 | 10.93 | 16.31 |
Difference | -2.83 | -0.59 | -0.51 | -4.06 | -0.03 | -0.41 | 0.43 | 0.01 | -4.03 | 0.60 | 0.54 | 1.59 | 2.78 | -1.57 | 1.03 | 0.20 | -0.31 | 2.63 | -1.60 |
2012 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2012 | |
Price | 7.56 | 3.92 | 0.64 | 12.49 | -0.05 | -5.46 | 3.17 | -2.51 | 9.66 | 2.20 | 2.15 | 2.72 | 7.23 | -1.54 | -1.18 | -0.41 | -3.10 | 3.91 | 13.95 |
NAV | 3.49 | 2.78 | 0.79 | 7.21 | 0.02 | -5.44 | 3.16 | -2.44 | 4.60 | 1.50 | 1.85 | 1.44 | 4.86 | -0.97 | 0.34 | 0.43 | -0.20 | 4.66 | 9.47 |
Difference | -4.07 | -1.14 | 0.15 | -5.28 | 0.07 | 0.02 | -0.01 | 0.08 | -5.06 | -0.70 | -0.29 | -1.28 | -2.37 | 0.57 | 1.52 | 0.84 | 2.90 | 0.75 | -4.48 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -0.92% |
1Yr Disc -0.69% |
3Yr Disc -2.71% |
5Yr Disc -2.38% |
Rel Disc Range (3yr) 71.83% |
Mkt Yield 8.11% |
Lev Adj NAV Yield 8.05% |
After Tax Yield* 7.02% |
Est Tax Friction* 1.09% |
3Yr NAV Volatiliy 20.82 |
1 Yr RoC 32.67% |
3 Yr Dest RoC 6.28% |
Leverage 0.00% |
Non Lev Exp Ratio 1.01% |
Beta (2yr) 0.79 |
Equity Exposure 96.19% |
Bond Exposure 2.66% |
# Holdings 20 |
Cash Weighted Duration 0.00 |
|
Comp NAV TR 0.15% |
Comp Discount 1.16% |
Net Assets (M) 979 |
Liquidity - 90d (K) 2,607 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
20 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
BDJ | BR Enh Eq Div Tr | BlackRock | 5.31 | -3.75 | 7.10 | 0.00 | 0.00 | 1,836 | 5,146 |
BOE | BR Enh Glbl DivTr | BlackRock | 5.16 | -11.49 | 7.17 | 8.88 | 0.00 | 761 | 1,804 |
BST | BR Sci & Tech Tr | BlackRock | 4.61 | -1.37 | 8.32 | 0.00 | 0.00 | 1,173 | 5,420 |
BXMX | Nuv S&P 500 By-Wrt Inc Fd | Nuveen | 5.32 | 0.22 | 6.97 | 32.05 | 0.00 | 1,409 | 3,071 |
CII | BR Enh Cap & Incm Fd | BlackRock | 4.97 | -4.86 | 6.35 | 0.00 | 0.00 | 872 | 1,778 |
DIAX | Nuv Dow 30SM Dyn Owrt Fd | Nuveen | 5.41 | -3.89 | 7.14 | 51.33 | 0.00 | 608 | 1,154 |
EOI | EV Enh Eq Incm Fd | Eaton Vance | 4.73 | -2.48 | 8.36 | 1.65 | 0.00 | 634 | 1,481 |
EOS | EV Enh Eq Incm Fd II | Eaton Vance | 4.59 | -0.63 | 9.46 | 13.26 | 0.00 | 895 | 2,543 |
ETB | EV Tx-Mgd By-Wrt Incm Fd | Eaton Vance | 5.03 | 6.97 | 8.45 | 53.82 | 0.00 | 408 | 1,050 |
ETJ | EV Risk-Mgd Divr Eq Incm Fd | Eaton Vance | 5.06 | 3.20 | 10.11 | 49.60 | 0.00 | 570 | 2,156 |
ETV | EV Tx-Mgd By-Wrt Opp Fd | Eaton Vance | 4.96 | 4.72 | 9.51 | 99.74 | 0.00 | 1,403 | 4,534 |
ETW | EV Tx-Mgd Glbl By-Wrt Opp | Eaton Vance | 4.77 | -5.60 | 9.95 | 12.28 | 0.00 | 1,011 | 2,672 |
ETY | EV Tx-Mgd Divr Eq Incm Fd | Eaton Vance | 4.82 | 1.42 | 9.17 | 29.36 | 0.00 | 1,847 | 3,105 |
EXG | EV Tx-Mgd Glbl Divr Eq Incm | Eaton Vance | 4.86 | -3.18 | 9.70 | 14.49 | 0.00 | 2,679 | 5,796 |
FFA | FT Enh Eq Incm Fd | First Trust | 4.85 | -1.60 | 7.06 | 22.16 | 0.00 | 362 | 543 |
HEQ | JH Hgd Eq & Incm Fd | John Hancock | 5.93 | 8.43 | 8.27 | 34.81 | 0.00 | 158 | 457 |
NFJ | Virtus Div Int & Prm Stgy Fd | Virtus | 4.82 | -11.50 | 7.77 | 0.00 | 0.00 | 1,352 | 3,417 |
QQQX | Nuv Nasdaq 100 Dyn Owrt Fd | Nuveen | 4.73 | 2.47 | 8.21 | 41.32 | 0.00 | 1,083 | 4,402 |
SPXX | Nuv S&P 500 Dyn Owrt Fd | Nuveen | 5.09 | 0.00 | 7.19 | 19.96 | 0.00 | 283 | 791 |
STK | ClmbSlgmn Prm Tech Gwth Fd | Columbia Mngmt | 4.99 | 2.84 | 6.46 | 0.00 | 0.00 | 444 | 1,557 |