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04. Covered Call / Option Funds Index

Data as of

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 1,350.36 0.47 0.73 -0.53 0.45 3.39 8.83 11.05 9.04 0.52 0.52 20.71
NAV 1,259.13 0.90 0.56 -0.68 -0.44 1.62 6.74 9.05 7.56 0.16 0.16 15.07
Difference 0.43 -0.17 -0.14 -0.89 -1.77 -2.09 -2.00 -1.48 -0.37 -0.37 -5.64
* 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 10.81 3.12 1.18 15.62 2.83 -5.77 6.61 3.31 18.92 2.26 -2.40 1.46 1.26 - - - - - 20.18
NAV 7.16 2.60 1.33 11.40 3.09 -5.67 5.29 2.39 13.78 1.75 -1.59 1.00 1.13 - - - - - 14.91
Difference -3.65 -0.52 0.14 -4.22 0.26 0.10 -1.32 -0.92 -5.14 -0.51 0.81 -0.46 -0.13 - - - - - -5.27
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 4.00 2.23 2.06 -0.31 4.02 -9.53 2.03 -10.55 -17.43 -13.42 -9.41
NAV 3.24 -2.65 -1.99 -1.49 0.99 1.96 -0.44 2.51 1.02 3.50 1.88 0.14 5.60 -6.51 1.02 -7.96 -13.07 -7.48 -6.46
Difference 1.09 -0.38 -0.43 0.23 -2.07 -1.35 0.26 -3.21 -2.99 1.27 -0.18 0.45 1.58 3.02 -1.01 2.59 4.36 5.94 2.95
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 12.78 3.01 -0.56 2.42 4.91 2.12 0.66 1.98 4.83 9.74 22.52
NAV 2.38 2.07 0.45 4.97 1.62 1.50 0.00 3.14 8.11 2.05 0.60 1.52 4.22 1.74 1.79 0.63 4.21 8.43 16.54
Difference -1.80 -0.35 -0.31 -2.55 -1.95 -0.41 0.27 -2.11 -4.66 -0.96 1.15 -0.90 -0.69 -0.38 1.13 -1.36 -0.62 -1.31 -5.98
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 3.40 3.53 1.38 0.73 5.73 -1.85 1.04 0.69 -0.14 5.59 8.99
NAV -4.85 -0.16 4.95 -0.31 1.10 1.50 -0.28 2.33 2.03 3.12 0.70 0.51 4.37 -0.87 1.94 0.99 2.06 6.43 8.46
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 0.84 -0.53
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 -0.95 3.78
NAV -1.00 4.65 -1.33 2.23 1.96 1.31 -1.90 1.33 3.56 1.15 -5.54 -2.44 -6.79 6.73 0.33 -1.97 4.97 -1.82 1.74
Difference -1.46 -0.25 -0.65 -2.44 0.65 0.48 0.15 1.27 -1.17 0.93 -0.15 1.49 2.11 -0.77 -0.55 -1.52 -2.98 -0.87 -2.04

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-1.44%
1Yr Disc
-2.96%
3Yr Disc
-3.06%
5Yr Disc
-4.55%
Rel Disc Range (3yr)
62.51%
Mkt Yield
8.06%
Lev Adj NAV Yield
7.70%
After Tax Yield*
7.40%
Est Tax Friction*
0.66%
3Yr NAV Volatiliy
12.13
1 Yr RoC
55.20%
3 Yr Dest RoC
8.42%
Leverage
3.05%
Non Lev Exp Ratio
1.09%
Beta (2yr)
0.81
Equity Exposure
96.17%
Bond Exposure
2.94%
# Holdings
24
Cash Weighted Duration
Comp NAV TR
1.20%
Comp Discount
1.03%
Net Assets (M)
797
Liquidity - 90d (K)
1,867
* 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


24 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
BDJ BR Enh Eq Div Tr BlackRock 4.07 -5.26 6.66 0.00 0.00 1,784 3,803
BOE BR Enh Glbl DivTr BlackRock 4.09 -11.05 7.34 38.41 0.00 770 2,051
BST BR Sci & Tech Tr BlackRock 4.18 1.76 5.57 0.00 0.00 713 2,354
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 4.22 -1.36 7.11 72.75 0.00 1,377 2,338
CII BR Enh Cap & Incm Fd BlackRock 4.11 -4.42 6.20 42.57 0.00 739 1,860
DIAX Nuv Dow 30SM Dyn Owrt Fd Nuveen 4.17 -0.96 6.70 71.13 0.00 645 1,616
EOI EV Enh Eq Incm Fd Eaton Vance 4.11 0.00 7.18 48.56 0.00 589 1,195
EOS EV Enh Eq Incm Fd II Eaton Vance 4.16 2.08 7.10 23.94 0.00 788 1,894
ETB EV Tx-Mgd By-Wrt Incm Fd Eaton Vance 4.23 7.25 8.12 73.84 0.00 395 820
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 4.14 1.65 9.88 81.67 0.00 578 1,607
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 4.25 5.48 8.86 70.27 0.00 1,170 3,350
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 4.18 -4.04 8.95 64.52 0.00 1,092 2,623
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 4.12 0.68 8.55 63.92 0.00 1,760 3,261
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 4.14 -3.98 9.00 89.07 0.00 2,589 5,295
FFA FT Enh Eq Incm Fd First Trust 4.29 3.54 6.96 55.10 0.00 316 572
GNT GAMCO NtrRes Gd & Incm Gabelli 4.26 -0.34 10.22 97.83 18.52 123 513
GPM Gghm Enh Eq Incm Fd Guggenheim Funds 4.09 1.45 12.50 83.46 31.85 365 895
HEQ JH Hgd Eq & Incm Fd John Hancock 4.14 -4.69 10.88 44.64 0.00 177 510
IGA Voya Glbl Adv & Prm Opp Fd Voya 4.11 -8.24 7.69 46.33 0.00 204 797
INB C&S Glbl Incm Bldr Cohen & Steers 4.05 -5.94 8.39 58.88 23.60 218 769
NFJ AG NFJ Div Int & Prm Stgy Allianz 4.15 -10.60 7.36 40.38 0.00 1,297 2,563
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 4.27 -1.06 6.95 73.47 0.00 892 2,283
SPXX Nuv S&P 500 Dyn Owrt Fd Nuveen 4.22 -0.77 6.88 81.96 0.00 261 600
STK ClmbSlgmn Prm Tech Gwth Fd Columbia Mngmt 4.26 3.19 8.53 0.00 0.00 334 1,316

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 %