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09. Hybrid / Balanced Fund Index

Data as of

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 2,057.85 0.76 2.40 0.59 9.69 14.04 37.15 2.78 7.96 7.87 2.40 0.45 26.77
NAV 1,795.37 0.64 2.28 1.40 8.20 8.75 26.02 1.79 7.53 6.33 2.28 1.15 16.67
Difference -0.11 -0.11 0.81 -1.49 -5.29 -11.13 -0.99 -0.43 -1.54 -0.11 0.70 -10.09
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $996.32
2024 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2024
Price 3.50 3.17 4.24 11.31 -3.27 4.56 3.43 4.61 16.44 2.84 2.10 3.21 8.37 -1.90 - - - - -
NAV 0.84 2.99 2.76 6.72 -2.34 3.63 1.59 2.81 9.72 1.43 2.07 1.54 5.13 -1.11 - - - - -
Difference -2.66 -0.18 -1.48 -4.59 0.93 -0.93 -1.85 -1.80 -6.73 -1.41 -0.03 -1.67 -3.25 0.79 - - - - -
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 8.58 -2.63 0.72 6.48 0.64 -2.54 5.65 3.63 10.35 2.87 -0.99 -5.12 -3.37 -3.12 9.00 3.81 9.62 5.93 16.89
NAV 6.60 -3.14 1.69 5.01 1.19 -1.46 3.88 3.58 8.77 2.67 -2.27 -3.98 -3.66 -2.18 7.57 4.04 9.49 5.48 14.72
Difference -1.98 -0.51 0.97 -1.48 0.55 1.08 -1.77 -0.05 -1.58 -0.20 -1.28 1.14 -0.29 0.95 -1.42 0.23 -0.13 -0.45 -2.17
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 0.01 -8.67 -16.13 -20.32 8.83 -2.99 -13.56 -8.75 4.91 6.39 -5.68 5.27 -3.94 -23.46
NAV -3.53 -2.14 0.87 -4.76 -6.55 -0.07 -7.99 -14.07 -18.16 6.45 -3.18 -9.05 -6.25 4.67 6.34 -4.19 6.64 -0.03 -18.18
Difference -0.82 1.39 -0.33 0.24 1.63 -0.09 0.69 2.06 2.16 -2.37 -0.18 4.52 2.50 -0.24 -0.05 1.49 1.37 3.92 5.28
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 2.25 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 6.05 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 -13.82 -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 3.83 -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 -1.83 -9.82
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 6.09 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 0.02 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 -0.83 -1.23 -1.41 -0.57 -0.46 -0.24 -1.31 0.51 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 -0.29 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 -1.10 -0.58 0.32 -1.43 -3.42 -0.30 0.61 -0.13 0.15 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 1.79 -3.89 3.62 1.37 3.90 2.42 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 9.66 3.43 -2.44 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 1.64 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 0.89 13.20 -0.55 -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 -0.18 -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
-7.20%
1Yr Disc
-10.26%
3Yr Disc
-7.77%
5Yr Disc
-5.39%
Rel Disc Range (3yr)
55.08%
Mkt Yield
10.46%
Lev Adj NAV Yield
8.41%
After Tax Yield*
9.73%
Est Tax Friction*
0.73%
3Yr NAV Volatiliy
14.77
1 Yr RoC
56.57%
3 Yr Dest RoC
41.53%
Leverage
19.09%
Non Lev Exp Ratio
1.57%
Beta (2yr)
0.67
Equity Exposure
69.49%
Bond Exposure
26.74%
# Holdings
18
Cash Weighted Duration
Comp NAV TR
1.44%
Comp Discount
0.02%
Net Assets (M)
703
Liquidity - 90d (K)
1,528
* 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


18 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AIO Virtus AI & Tech Opp Fd Virtus 5.86 -0.56 7.78 22.89 14.55 799 1,691
BCAT BR Cap Alloc Trm Tr BlackRock 5.58 -5.12 21.24 82.71 0.00 1,800 5,884
CGO Calamos Glbl Tot Rtn Fd Calamos 5.47 -3.92 8.17 33.33 34.13 120 240
CHW Calamos Glbl Dyn Incm Fd Calamos 5.55 -10.64 8.40 33.33 33.94 510 1,397
CPZ Calamos Lng-Srt Eq & Dyn Incm Calamos 5.57 -11.02 10.73 19.88 25.86 346 808
CSQ Calamos Stgc Tot Rtn Fd Calamos 5.81 -2.05 6.78 68.75 29.31 2,968 3,319
DMA Destra Multi-Alt Fd Destra 5.68 -23.32 7.08 N/A 14.36 104 138
ECAT BR ESG Cap Alloc Trm Tr BlackRock 5.57 -4.98 20.86 87.95 0.00 1,835 4,180
FOF C&S CE Opp Fd Cohen&Steers 5.63 6.83 7.95 64.06 0.00 339 576
GLO Clough Glbl Opp Fd Clough 5.55 -13.42 10.63 99.90 29.98 268 836
GLV Clough Glbl Div & Incm Fd Clough 5.63 -10.27 10.63 91.79 30.11 83 260
GUG Gghm Active Alloc Fd Guggenheim Funds 5.36 -6.36 8.96 34.73 26.82 560 1,276
NIE Virtus Eq & Convt Incm Fd Virtus 5.71 -9.25 8.42 34.35 0.00 725 1,432
NMAI Nuv Multi-Asset Incm Fd Nuveen 5.49 -9.27 13.13 70.54 26.59 469 1,124
RIV RiverNorth Opp Fd RiverNorth 5.45 0.08 12.28 84.05 32.88 270 928
SCD LMP Cap & Incm Fd Franklin Templeton 5.45 -4.90 7.93 22.43 18.15 308 748
TBLD Thornburg Incm Bldr Opp Tr Thornburg Inv Mgmt 5.32 -9.74 7.33 15.68 0.00 606 1,213
ZTR Virtus Tot Rtn Fd Virtus 5.34 -12.15 10.12 95.24 28.04 417 1,323

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, 2019. 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.

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Class E Units       8% PIK             8.00 %   11/6/2021     4,055,099       4,055,099       4,055,099       2.32 %