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 | 1,761.61 | 0.48 | 2.18 | 5.34 | 10.95 | 30.76 | 63.04 | 12.48 | 14.57 | 4.28 | 4.28 | 13.98 | |||||||
NAV | 1,560.38 | -0.02 | 0.25 | 1.97 | 5.24 | 18.91 | 50.30 | 10.64 | 11.24 | 2.42 | 2.42 | 7.96 | |||||||
Difference | -0.50 | -1.93 | -3.37 | -5.71 | -11.85 | -12.74 | -1.84 | -3.32 | -1.87 | -1.87 | -6.02 | ||||||||
* 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 | 2.67 | 3.64 | 2.72 | 9.30 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NAV | 1.33 | 2.65 | 1.35 | 5.41 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Difference | -1.34 | -0.99 | -1.38 | -3.88 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -3.82% |
1Yr Disc -9.98% |
3Yr Disc -4.63% |
5Yr Disc -5.91% |
Rel Disc Range (3yr) 70.31% |
Mkt Yield 7.56% |
Lev Adj NAV Yield 6.21% |
After Tax Yield* 6.38% |
Est Tax Friction* 1.18% |
3Yr NAV Volatiliy 20.83 |
1 Yr RoC 51.39% |
3 Yr Dest RoC 27.67% |
Leverage 19.11% |
Non Lev Exp Ratio 1.55% |
Beta (2yr) 0.93 |
Equity Exposure 64.47% |
Bond Exposure 32.84% |
# Holdings 16 |
Cash Weighted Duration |
|
Comp NAV TR 3.05% |
Comp Discount -0.94% |
Net Assets (M) 690 |
Liquidity - 90d (K) 1,863 |
|
* 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 | Virtus AG AI & Tech Opp Fd | Virtus | 6.36 | -4.33 | 5.35 | 0.00 | 2.90 | 1,007 | 3,277 |
BCAT | BR Cap Alloc Tr | BlackRock | 6.28 | -0.19 | 5.80 | 72.58 | N/A | 2,415 | 4,598 |
CGO | Calamos Glbl Tot Rtn Fd | Calamos | 6.44 | 4.65 | 7.50 | 0.00 | 32.07 | 136 | 524 |
CHW | Calamos Glbl Dyn Incm Fd | Calamos | 6.35 | 8.73 | 7.76 | 0.00 | 33.36 | 592 | 2,161 |
CPZ | Calamos Lng-Srt Eq & Dyn Incm | Calamos | 6.00 | -11.00 | 7.75 | 0.00 | 20.84 | 444 | 1,896 |
CSQ | Calamos Stgc Tot Rtn Fd | Calamos | 6.35 | 5.68 | 6.74 | 0.00 | 29.39 | 2,677 | 4,642 |
DDF | DI Div & Incm Fd | Delaware | 6.20 | 0.65 | 7.10 | 48.33 | 25.52 | 81 | 273 |
FOF | C&S CE Opp Fd | Cohen & Steers | 6.15 | 0.81 | 7.59 | 69.49 | 0.00 | 372 | 1,290 |
GLO | Clough Glbl Opp Fd | Clough | 6.35 | -3.43 | 10.06 | 13.89 | 32.51 | 433 | 2,307 |
GLV | Clough Glbl Div & Incm Fd | Clough | 6.27 | 4.44 | 9.50 | 73.86 | 37.26 | 98 | 643 |
NHF | NexPoint Stgc Opp Fd | Highland Capital | 6.20 | -40.23 | 5.09 | 3.04 | 5.49 | 727 | 1,659 |
NIE | Virtus AG Eq & Convt Incm Fd | Virtus | 6.30 | -9.19 | 5.16 | 0.00 | 0.00 | 898 | 2,113 |
RIV | RiverNorth Opp Fd | RiverNorth | 6.12 | 3.54 | 11.45 | 51.20 | 7.41 | 172 | 1,495 |
SCD | LMP Cap & Incm Fd | Franklin Templeton | 6.33 | -10.43 | 7.91 | 69.82 | 18.60 | 264 | 625 |
TEAF | Tortoise Ess Ast Incm Trm Fd | Tortoise | 6.22 | -11.58 | 6.04 | 36.56 | 13.40 | 227 | 784 |
ZTR | Virtus Tot Rtn Fd | Virtus | 6.09 | 0.00 | 10.28 | 75.73 | 26.99 | 443 | 1,447 |