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
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 |