About the Index
MLP 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 | 447.49 | -0.12 | -0.35 | -0.81 | 17.90 | 64.77 | 88.67 | -20.34 | -9.22 | 1.16 | 1.16 | 30.95 | |||||||
NAV | 473.21 | 0.24 | -0.20 | -2.33 | 12.21 | 48.80 | 85.28 | -17.33 | -8.12 | 1.82 | 1.82 | 22.90 | |||||||
Difference | 0.36 | 0.15 | -1.52 | -5.68 | -15.97 | -3.39 | 3.02 | 1.10 | 0.66 | 0.66 | -8.05 | ||||||||
* 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 | 8.19 | 10.84 | 7.95 | 29.44 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NAV | 6.27 | 5.34 | 7.82 | 20.70 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Difference | -1.92 | -5.50 | -0.12 | -8.74 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2020 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2020 | |
Price | -6.45 | -17.25 | -69.62 | -76.49 | 54.40 | 7.65 | -11.47 | 47.15 | -65.40 | -6.06 | 2.96 | -14.61 | -17.41 | 5.52 | 29.19 | 2.99 | 40.40 | 15.95 | -59.88 |
NAV | -8.16 | -17.93 | -65.79 | -74.22 | 47.08 | 10.64 | -6.86 | 51.57 | -60.92 | -0.83 | 0.98 | -11.90 | -11.77 | 3.93 | 22.38 | 3.12 | 31.16 | 15.72 | -54.77 |
Difference | -1.71 | -0.68 | 3.83 | 2.27 | -7.31 | 2.99 | 4.61 | 4.42 | 4.48 | 5.23 | -1.98 | 2.71 | 5.64 | -1.58 | -6.82 | 0.13 | -9.24 | -0.23 | 5.11 |
2019 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2019 | |
Price | 21.14 | -2.21 | 4.91 | 24.29 | 0.34 | -3.88 | 2.14 | -1.48 | 22.45 | -0.20 | -7.60 | 2.73 | -5.27 | -7.76 | -4.35 | 10.83 | -2.22 | -7.38 | 13.41 |
NAV | 18.42 | -0.12 | 5.07 | 24.28 | -1.71 | -3.72 | 2.88 | -2.65 | 20.99 | -1.73 | -7.06 | 2.65 | -6.25 | -6.50 | -5.10 | 10.90 | -1.59 | -7.74 | 11.62 |
Difference | -2.72 | 2.09 | 0.16 | -0.01 | -2.05 | 0.15 | 0.74 | -1.17 | -1.46 | -1.53 | 0.54 | -0.08 | -0.98 | 1.27 | -0.75 | 0.07 | 0.63 | -0.36 | -1.79 |
2018 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2018 | |
Price | 6.57 | -10.10 | -8.69 | -12.52 | 10.28 | 3.97 | -2.08 | 12.27 | -1.79 | 4.43 | -0.09 | -1.07 | 3.22 | -12.46 | -1.75 | -12.83 | -25.03 | -22.61 | -24.00 |
NAV | 6.41 | -12.45 | -7.09 | -13.45 | 8.99 | 6.18 | -0.91 | 14.67 | -0.75 | 6.39 | 1.74 | -1.93 | 6.15 | -9.98 | -1.92 | -12.98 | -23.17 | -18.44 | -19.05 |
Difference | -0.16 | -2.35 | 1.60 | -0.92 | -1.29 | 2.21 | 1.17 | 2.41 | 1.05 | 1.95 | 1.83 | -0.86 | 2.92 | 2.49 | -0.17 | -0.15 | 1.86 | 4.17 | 4.95 |
2017 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2017 | |
Price | 5.24 | 3.37 | -1.62 | 7.02 | -0.56 | -5.21 | -0.93 | -6.62 | -0.06 | 1.88 | -5.28 | 2.45 | -1.13 | -7.91 | -2.07 | 10.90 | 0.01 | -1.12 | -1.18 |
NAV | 2.66 | 0.98 | -0.08 | 3.58 | -2.22 | -6.70 | -0.54 | -9.26 | -6.01 | 2.45 | -5.42 | 2.26 | -0.91 | -5.23 | -1.27 | 8.12 | 1.17 | 0.25 | -5.77 |
Difference | -2.58 | -2.38 | 1.54 | -3.44 | -1.66 | -1.48 | 0.39 | -2.64 | -5.95 | 0.57 | -0.14 | -0.19 | 0.22 | 2.68 | 0.80 | -2.77 | 1.16 | 1.37 | -4.60 |
2016 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2016 | |
Price | -12.96 | 1.10 | 9.81 | -3.38 | 17.53 | 3.18 | 5.50 | 27.93 | 23.61 | -0.18 | 2.55 | 4.56 | 7.03 | -5.18 | 6.31 | 1.42 | 2.23 | 9.41 | 35.24 |
NAV | -16.65 | -1.33 | 13.10 | -6.99 | 17.12 | 4.16 | 5.22 | 28.36 | 19.39 | 0.90 | 1.55 | 4.27 | 6.84 | -4.52 | 4.76 | 4.75 | 4.77 | 11.94 | 33.64 |
Difference | -3.69 | -2.43 | 3.29 | -3.61 | -0.41 | 0.98 | -0.28 | 0.43 | -4.22 | 1.08 | -1.00 | -0.29 | -0.19 | 0.66 | -1.55 | 3.33 | 2.55 | 2.53 | -1.60 |
2015 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2015 | |
Price | -4.33 | 4.57 | -5.49 | -5.46 | 4.84 | -3.71 | -10.26 | -9.41 | -14.35 | -4.86 | -5.14 | -17.16 | -25.23 | 11.18 | -13.24 | -12.35 | -15.45 | -36.78 | -45.85 |
NAV | -4.13 | 3.34 | -3.29 | -4.19 | 5.56 | -2.48 | -8.53 | -5.83 | -9.78 | -4.99 | -7.73 | -19.07 | -29.05 | 10.93 | -10.50 | -12.24 | -12.87 | -38.19 | -44.23 |
Difference | 0.20 | -1.23 | 2.20 | 1.27 | 0.72 | 1.23 | 1.73 | 3.57 | 4.57 | -0.13 | -2.60 | -1.92 | -3.82 | -0.25 | 2.74 | 0.10 | 2.58 | -1.41 | 1.62 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -15.31% |
1Yr Disc -20.35% |
3Yr Disc -11.60% |
5Yr Disc -8.09% |
Rel Disc Range (3yr) 45.60% |
Mkt Yield 6.86% |
Lev Adj NAV Yield 4.82% |
After Tax Yield* 6.71% |
Est Tax Friction* 0.15% |
3Yr NAV Volatiliy 53.54 |
1 Yr RoC 89.39% |
3 Yr Dest RoC 75.93% |
Leverage 22.94% |
Non Lev Exp Ratio 2.03% |
Beta (2yr) 1.65 |
Equity Exposure 97.05% |
Bond Exposure 1.89% |
# Holdings 15 |
Cash Weighted Duration |
|
Comp NAV TR 0.72% |
Comp Discount 0.79% |
Net Assets (M) 297 |
Liquidity - 90d (K) 1,434 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
15 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
CEM | CB MLP & Midstream Fd | Franklin Templeton | 6.70 | -13.55 | 8.00 | 100.00 | 30.21 | 381 | 1,925 |
CTR | CB MLP & Midstream Tot Rtn Fd | Franklin Templeton | 6.71 | -17.51 | 7.84 | 100.00 | 27.25 | 179 | 671 |
EMO | CB Nrg Midstream Opp Fd | Franklin Templeton | 6.62 | -19.08 | 6.93 | 100.00 | 30.40 | 313 | 1,167 |
FEI | FT MLP & Nrg Incm Fd | First Trust | 6.66 | -11.08 | 8.60 | 86.08 | 20.42 | 355 | 1,660 |
FEN | FT Nrg Incm & Gwth Fd | First Trust | 6.74 | -2.14 | 8.77 | 98.57 | 20.67 | 272 | 1,689 |
FMO | F/C Nrg Infra Fd | Guggenheim Funds | 6.61 | -9.51 | 9.90 | 100.00 | 16.55 | 78 | 684 |
FPL | FT New Opp MLP & Nrg Fd | First Trust | 6.48 | -12.81 | 8.59 | 88.97 | 20.52 | 150 | 890 |
GER | GS MLP & Nrg Renaissance Fd | Goldman Sachs | 6.75 | -17.21 | 6.26 | 79.43 | 0.00 | 199 | 923 |
KMF | KA NextGen Nrg & Infra | Kayne Anderson | 6.62 | -18.61 | 5.38 | 20.64 | 26.96 | 388 | 1,296 |
KYN | KA Nrg Infra Fd | Kayne Anderson | 6.65 | -12.77 | 8.29 | 100.00 | 29.07 | 1,050 | 5,249 |
MIE | C&S MLP Incm & Nrg Opp Fd | Cohen & Steers | 6.71 | -5.23 | 5.52 | 100.00 | 19.40 | 93 | 865 |
NML | NB MLP & Nrg Incm Fd | Neuberger Berman | 6.70 | -21.79 | 4.16 | 100.00 | 14.20 | 309 | 1,172 |
NTG | Tortoise Midstream Nrg Fd | Tortoise | 6.71 | -22.41 | 5.04 | 100.00 | 29.70 | 190 | 876 |
SMM | Salient Midstream & MLP Fd | Salient | 6.62 | -24.04 | 4.69 | 66.25 | 27.76 | 119 | 437 |
TYG | Tortoise Nrg Infra Corp | Tortoise | 6.74 | -21.99 | 5.04 | 100.00 | 31.20 | 382 | 2,000 |