About the Index
Hybrid / Balanced Funds groupings according to CEFdata.com. 90-day average trade dollar $ liquidity over $200K. Equal weight each fund for the index. The index constituents will be rebalanced each quarter.
Index Performance
Current($) | Previous Day(%) | 1 Week(%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) | 3 Year(%) | 5 Year(%) | MTD(%) | QTD(%) | YTD(%) | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Price | 1,621.94 | 0.55 | 1.29 | 6.56 | 20.92 | 26.98 | 6.63 | 7.53 | 15.24 | 4.94 | 4.94 | 4.94 | |||||||
NAV | 1,510.01 | 0.82 | 1.18 | 5.95 | 16.44 | 22.26 | 13.58 | 7.74 | 12.26 | 4.48 | 4.48 | 4.48 | |||||||
Difference | 0.26 | -0.11 | -0.61 | -4.47 | -4.72 | 6.95 | 0.21 | -2.98 | -0.47 | -0.47 | -0.47 | ||||||||
* 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 | 1.19 | -11.40 | -22.98 | -30.94 | 12.39 | 4.83 | 2.98 | 21.33 | -16.21 | 3.25 | 5.54 | -4.59 | 3.97 | -2.11 | 15.68 | 5.96 | 19.99 | 19.99 | 4.54 |
NAV | 0.39 | -6.80 | -19.32 | -24.51 | 10.94 | 5.99 | 2.24 | 20.22 | -9.25 | 4.92 | 4.75 | -2.67 | 6.97 | -1.63 | 11.73 | 4.34 | 14.68 | 14.68 | 11.32 |
Difference | -0.80 | 4.60 | 3.65 | 6.43 | -1.45 | 1.16 | -0.74 | -1.11 | 6.96 | 1.66 | -0.79 | 1.92 | 3.00 | 0.47 | -3.95 | -1.62 | -5.32 | -5.32 | 6.79 |
2019 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2019 | |
Price | 13.00 | 3.32 | 1.46 | 18.46 | 3.48 | -4.51 | 5.56 | 4.31 | 23.57 | 1.84 | -3.51 | 2.52 | 0.74 | 0.85 | 2.03 | 3.99 | 7.01 | 7.80 | 33.21 |
NAV | 8.70 | 2.38 | 1.41 | 12.86 | 2.81 | -4.20 | 4.26 | 2.69 | 15.89 | 0.60 | -1.37 | 0.97 | 0.19 | 1.57 | 1.36 | 2.80 | 5.85 | 6.04 | 22.90 |
Difference | -4.30 | -0.94 | -0.05 | -5.60 | -0.67 | 0.31 | -1.30 | -1.62 | -7.67 | -1.24 | 2.13 | -1.54 | -0.56 | 0.72 | -0.67 | -1.18 | -1.16 | -1.76 | -10.31 |
2018 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2018 | |
Price | 2.55 | -3.79 | -2.00 | -3.31 | 1.85 | 1.82 | 1.17 | 4.91 | 1.44 | 2.96 | 2.95 | -2.10 | 3.77 | -10.25 | 2.22 | -9.47 | -16.95 | -13.81 | -12.57 |
NAV | 3.33 | -4.22 | -1.47 | -2.49 | 0.96 | 1.56 | -0.96 | 1.56 | -0.97 | 2.78 | 1.74 | -0.70 | 3.84 | -6.23 | 1.21 | -7.59 | -12.29 | -8.93 | -9.81 |
Difference | 0.78 | -0.43 | 0.53 | 0.82 | -0.88 | -0.25 | -2.13 | -3.35 | -2.41 | -0.18 | -1.21 | 1.40 | 0.06 | 4.02 | -1.01 | 1.88 | 4.66 | 4.89 | 2.77 |
2017 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2017 | |
Price | 4.50 | 3.85 | 1.36 | 9.99 | 4.14 | 0.45 | 1.10 | 5.76 | 16.33 | 3.47 | 0.19 | 1.91 | 5.65 | 1.70 | -0.77 | 2.36 | 3.30 | 9.14 | 26.96 |
NAV | 2.86 | 2.70 | 0.26 | 5.91 | 1.57 | 1.35 | 0.12 | 3.06 | 9.15 | 1.94 | 0.07 | 1.20 | 3.23 | 1.54 | 1.26 | 1.11 | 3.95 | 7.31 | 17.13 |
Difference | -1.64 | -1.14 | -1.10 | -4.08 | -2.58 | 0.90 | -0.98 | -2.70 | -7.18 | -1.54 | -0.12 | -0.72 | -2.42 | -0.16 | 2.03 | -1.25 | 0.65 | -1.82 | -9.83 |
2016 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2016 | |
Price | -7.77 | -0.83 | 8.25 | -0.99 | 3.12 | 1.48 | 2.39 | 7.15 | 6.08 | 4.21 | 1.31 | 0.26 | 5.84 | -2.99 | -0.16 | 2.78 | -0.45 | 5.37 | 11.78 |
NAV | -5.53 | -1.26 | 5.94 | -1.18 | 2.53 | 1.72 | 1.57 | 5.92 | 4.68 | 3.63 | 0.86 | 0.01 | 4.54 | -2.47 | 0.60 | 1.63 | -0.28 | 4.24 | 9.12 |
Difference | 2.24 | -0.43 | -2.30 | -0.18 | -0.60 | 0.24 | -0.82 | -1.23 | -1.41 | -0.57 | -0.46 | -0.24 | -1.31 | 0.52 | 0.76 | -1.14 | 0.17 | -1.13 | -2.66 |
2015 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2015 | |
Price | -2.14 | 4.34 | -0.28 | 1.82 | 1.92 | 0.05 | -3.48 | -1.57 | 0.22 | -1.30 | -6.93 | -5.06 | -12.79 | 7.05 | -1.80 | -1.73 | 3.30 | -9.91 | -9.71 |
NAV | -1.66 | 5.25 | -0.78 | 2.70 | 1.18 | 0.60 | -3.02 | -1.28 | 1.38 | 0.48 | -5.62 | -4.22 | -9.17 | 5.29 | -0.87 | -2.85 | 1.40 | -7.89 | -6.62 |
Difference | 0.48 | 0.91 | -0.49 | 0.88 | -0.74 | 0.55 | 0.46 | 0.29 | 1.16 | 1.78 | 1.31 | 0.84 | 3.62 | -1.75 | 0.93 | -1.12 | -1.90 | 2.01 | 3.09 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -8.70% |
1Yr Disc -9.84% |
3Yr Disc -4.61% |
5Yr Disc -6.31% |
Rel Disc Range (3yr) 55.45% |
Mkt Yield 7.97% |
Lev Adj NAV Yield 6.13% |
After Tax Yield* 6.88% |
Est Tax Friction* 1.09% |
3Yr NAV Volatiliy 20.70 |
1 Yr RoC 38.88% |
3 Yr Dest RoC 24.52% |
Leverage 19.92% |
Non Lev Exp Ratio 1.59% |
Beta (2yr) 0.98 |
Equity Exposure 62.42% |
Bond Exposure 29.29% |
# Holdings 16 |
Cash Weighted Duration |
|
Comp NAV TR 2.05% |
Comp Discount -1.20% |
Net Assets (M) 664 |
Liquidity - 90d (K) 2,030 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
16 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
AIO | AG AI & Tech Opp Fd | Allianz | 6.69 | -3.11 | 5.30 | 0.00 | 3.04 | 1,003 | 4,238 |
BCAT | BR Cap Alloc Tr | BlackRock | 5.92 | 1.79 | 5.78 | 22.01 | N/A | 2,374 | 4,129 |
CGO | Calamos Glbl Tot Rtn Fd | Calamos | 6.47 | 2.13 | 7.58 | 9.44 | 29.00 | 138 | 630 |
CHW | Calamos Glbl Dyn Incm Fd | Calamos | 6.22 | -2.46 | 8.48 | 8.18 | 30.70 | 604 | 2,002 |
CPZ | Calamos Lng-Srt Eq & Dyn Incm | Calamos | 6.24 | -11.86 | 7.94 | 12.78 | 22.34 | 404 | 2,222 |
CSQ | Calamos Stgc Tot Rtn Fd | Calamos | 6.06 | -2.14 | 6.95 | 10.75 | 29.24 | 2,532 | 4,485 |
DDF | DI Div & Incm Fd | Delaware | 6.22 | -5.20 | 7.27 | 46.30 | 27.76 | 78 | 305 |
FOF | C&S CE Opp Fd | Cohen & Steers | 6.15 | -1.91 | 8.14 | 65.67 | 0.00 | 356 | 1,541 |
GLO | Clough Glbl Opp Fd | Clough | 6.49 | -13.81 | 10.77 | 61.17 | 35.24 | 453 | 2,055 |
GLV | Clough Glbl Div & Incm Fd | Clough | 6.11 | -11.26 | 10.91 | 82.06 | 39.34 | 101 | 579 |
NHF | NexPoint Stgc Opp Fd | Highland Capital | 6.79 | -37.27 | 5.00 | 16.21 | 10.00 | 705 | 3,584 |
NIE | AG Eq & Convt Incm Fd | Allianz | 6.19 | -9.40 | 5.24 | 5.75 | 0.00 | 887 | 2,018 |
RIV | RiverNorth Opp Fd | RiverNorth | 6.16 | -0.06 | 12.24 | 82.28 | 13.52 | 167 | 1,175 |
SCD | LMP Cap & Incm Fd | Legg Mason | 6.14 | -14.59 | 8.67 | 61.61 | 20.60 | 253 | 720 |
TEAF | Tortoise Ess Ast Incm Trm Fd | Tortoise | 6.16 | -20.82 | 6.67 | 23.77 | 11.90 | 230 | 1,118 |
ZTR | Virtus Tot Rtn Fd | Virtus | 5.99 | -6.62 | 10.97 | 78.94 | 27.73 | 444 | 1,502 |