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(%) | 10 Year(%) | MTD(%) | QTD(%) | YTD(%) | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Price | 1,588.07 | 2.38 | 5.13 | -0.29 | -5.07 | -13.16 | -11.01 | 6.33 | 6.75 | 9.32 | -0.29 | -8.44 | -13.03 | ||||||
NAV | 1,465.62 | 1.60 | 4.66 | -0.31 | -3.91 | -10.47 | -7.67 | 7.36 | 6.15 | 8.32 | 0.07 | -6.48 | -10.93 | ||||||
Difference | -0.78 | -0.47 | -0.02 | 1.16 | 2.68 | 3.34 | 1.02 | -0.60 | -1.01 | 0.37 | 1.97 | 2.10 | |||||||
* 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 | -2.70 | -3.53 | 1.20 | -5.00 | -8.17 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NAV | -3.53 | -2.14 | 0.87 | -4.76 | -6.55 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Difference | -0.82 | 1.39 | -0.33 | 0.24 | 1.63 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2021 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2021 | |
Price | 2.67 | 3.64 | 2.72 | 9.30 | 5.38 | 1.11 | 1.69 | 8.34 | 18.42 | 0.23 | 2.90 | -4.91 | -1.93 | 4.55 | -3.21 | 0.52 | 1.73 | -0.24 | 18.14 |
NAV | 1.33 | 2.65 | 1.35 | 5.41 | 3.51 | 1.08 | 0.16 | 4.80 | 10.48 | 0.95 | 2.22 | -3.05 | 0.05 | 4.72 | -2.63 | 1.01 | 3.00 | 3.05 | 13.85 |
Difference | -1.34 | -0.99 | -1.38 | -3.88 | -1.86 | -0.03 | -1.53 | -3.54 | -7.94 | 0.72 | -0.67 | 1.86 | 1.98 | 0.17 | 0.58 | 0.49 | 1.27 | 3.29 | -4.29 |
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 | 24.76 | 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 | 22.66 | 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 | -2.09 | 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 |
2014 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2014 | |
Price | 0.10 | 5.30 | 0.04 | 5.45 | 1.28 | 3.13 | 2.67 | 7.24 | 13.09 | -2.34 | 2.17 | -3.42 | -3.64 | 1.36 | 2.25 | -0.19 | 3.45 | -0.31 | 12.74 |
NAV | -0.87 | 4.88 | -0.31 | 3.65 | 0.18 | 2.55 | 2.99 | 5.81 | 9.67 | -2.64 | 2.78 | -3.55 | -3.48 | 1.46 | 1.64 | -0.77 | 2.33 | -1.24 | 8.31 |
Difference | -0.97 | -0.43 | -0.35 | -1.80 | -1.09 | -0.58 | 0.32 | -1.43 | -3.42 | -0.30 | 0.61 | -0.13 | 0.16 | 0.10 | -0.62 | -0.58 | -1.13 | -0.93 | -4.42 |
2013 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2013 | |
Price | 7.28 | 1.20 | 3.11 | 11.94 | 1.47 | 0.77 | -2.25 | -0.05 | 11.88 | 1.78 | -3.89 | 3.62 | 1.37 | 3.91 | 2.43 | 1.86 | 8.41 | 9.89 | 22.95 |
NAV | 5.70 | 0.66 | 2.78 | 9.35 | 1.47 | 0.50 | -1.67 | 0.28 | 9.65 | 3.43 | -2.43 | 3.94 | 4.88 | 3.49 | 2.86 | 2.03 | 8.61 | 13.92 | 24.92 |
Difference | -1.58 | -0.54 | -0.33 | -2.59 | 0.01 | -0.27 | 0.58 | 0.33 | -2.23 | 1.65 | 1.46 | 0.31 | 3.52 | -0.41 | 0.43 | 0.17 | 0.21 | 4.03 | 1.97 |
2012 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2012 | |
Price | 7.25 | 4.63 | 0.88 | 13.21 | -0.54 | -5.92 | 2.98 | -3.64 | 9.08 | 2.69 | 2.75 | 2.79 | 8.45 | -0.54 | -1.42 | 1.31 | -0.67 | 7.73 | 17.51 |
NAV | 4.75 | 4.07 | 0.45 | 9.51 | -0.29 | -6.44 | 3.09 | -3.83 | 5.31 | 2.07 | 2.19 | 2.63 | 7.05 | -0.51 | 0.03 | 1.35 | 0.85 | 7.97 | 13.70 |
Difference | -2.50 | -0.55 | -0.44 | -3.70 | 0.25 | -0.52 | 0.11 | -0.19 | -3.77 | -0.62 | -0.55 | -0.16 | -1.40 | 0.02 | 1.45 | 0.04 | 1.52 | 0.24 | -3.81 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -6.39% |
1Yr Disc -2.53% |
3Yr Disc -3.22% |
5Yr Disc -2.50% |
Rel Disc Range (3yr) 52.19% |
Mkt Yield 9.53% |
Lev Adj NAV Yield 7.43% |
After Tax Yield* 7.88% |
Est Tax Friction* 1.65% |
3Yr NAV Volatiliy 21.85 |
1 Yr RoC 39.00% |
3 Yr Dest RoC 27.51% |
Leverage 20.78% |
Non Lev Exp Ratio 1.49% |
Beta (2yr) 0.83 |
Equity Exposure 65.73% |
Bond Exposure 30.15% |
# Holdings 19 |
Cash Weighted Duration |
|
Comp NAV TR 1.05% |
Comp Discount 0.34% |
Net Assets (M) 657 |
Liquidity - 90d (K) 1,753 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
19 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
AIO | Virtus AG AI & Tech Opp Fd | Virtus | 4.88 | -13.24 | 9.85 | 0.00 | 13.68 | 724 | 2,032 |
BCAT | BR Cap Alloc Tr | BlackRock | 5.56 | -14.05 | 7.85 | 46.78 | 17.99 | 2,062 | 5,942 |
CGO | Calamos Glbl Tot Rtn Fd | Calamos | 4.98 | 5.95 | 9.76 | 8.33 | 34.64 | 110 | 289 |
CHW | Calamos Glbl Dyn Incm Fd | Calamos | 4.94 | 0.40 | 11.21 | 7.39 | 34.39 | 455 | 1,222 |
CPZ | Calamos Lng-Srt Eq & Dyn Incm | Calamos | 5.20 | -9.39 | 9.26 | 0.00 | 22.27 | 393 | 997 |
CSQ | Calamos Stgc Tot Rtn Fd | Calamos | 4.98 | -3.48 | 8.22 | 0.00 | 30.10 | 2,449 | 4,079 |
DDF | DI Div & Incm Fd | Delaware | 5.28 | -1.51 | 8.00 | 0.00 | 27.62 | 76 | 165 |
ECAT | BR ESG Cap Alloc Tr | BlackRock | 5.21 | -16.63 | 8.01 | 67.88 | 0.00 | 1,892 | 5,440 |
FOF | C&S CE Opp Fd | Cohen&Steers | 5.21 | -3.65 | 8.98 | 9.34 | 0.00 | 330 | 1,112 |
GLO | Clough Glbl Opp Fd | Clough | 4.90 | -0.88 | 14.27 | 0.00 | 43.36 | 328 | 1,512 |
GLV | Clough Glbl Div & Incm Fd | Clough | 5.68 | 1.70 | 12.09 | 78.90 | 39.62 | 102 | 702 |
GUG | Gghm Active Alloc Fd | Guggenheim Funds | 5.33 | -9.83 | 9.04 | 0.00 | 30.48 | 577 | 1,537 |
NIE | Virtus AG Eq & Convt Incm Fd | Virtus | 4.95 | -12.22 | 8.57 | 0.00 | 0.00 | 737 | 2,046 |
NMAI | Nuv Multi-Asset Incm Fd | Nuveen | 5.55 | -11.10 | 9.15 | 0.00 | 32.37 | 575 | 1,161 |
RIV | RiverNorth Opp Fd | RiverNorth | 5.20 | 2.74 | 14.30 | 30.40 | 16.61 | 246 | 1,693 |
SCD | LMP Cap & Incm Fd | Franklin Templeton | 5.55 | -12.55 | 7.50 | 53.31 | 17.60 | 281 | 601 |
TBLD | Thornburg Incm Bldr Opp Tr | Thornburg Inv Mgmt | 5.47 | -11.17 | 7.78 | 0.00 | 0.00 | 580 | 1,538 |
TEAF | Ecofin Susble & Soc Impact Trm | Tortoise | 5.64 | -15.16 | 7.34 | 15.91 | 8.10 | 234 | 449 |
ZTR | Virtus Tot Rtn Fd | Virtus | 5.53 | 4.18 | 10.41 | 64.06 | 27.00 | 425 | 942 |