CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

View All Indexes

08. US Bond Index

Data as of

About the Index

(1) Taxable Bond Funds groupings according to CEFdata.com. (2) Removing funds with US / Non US Equity allocations over 5% each. (3) US Bond allocation over 80%. (4) 1 Year Trailing Income dividend classification over 80%. (5) 90-day average trade dollar $ liquidity over $250K. 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 1,248.17 0.22 0.84 0.82 3.45 5.90 15.32 8.62 7.53 0.51 2.07 18.89
NAV 1,201.17 0.15 0.66 0.53 1.08 2.96 8.40 6.81 5.96 0.37 0.83 11.23
Difference -0.08 -0.18 -0.29 -2.37 -2.94 -6.92 -1.82 -1.57 -0.15 -1.24 -7.66
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 7.17 2.74 0.49 10.65 2.46 -0.98 2.54 4.03 14.68 1.30 -0.95 1.79 2.13 0.74 0.81 - - - 18.38
NAV 4.07 1.63 0.67 6.47 1.70 -0.41 1.67 2.98 9.45 0.75 -0.22 0.41 0.94 -0.11 0.58 - - - 10.86
Difference -3.10 -1.12 0.18 -4.18 -0.76 0.58 -0.87 -1.05 -5.23 -0.54 0.73 -1.38 -1.19 -0.85 -0.23 - - - -7.51
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price -0.45 -0.53 0.60 -0.38 0.79 0.38 -0.00 1.17 0.79 0.75 0.97 -0.00 1.72 -3.88 -1.16 -3.18 -8.01 -6.29 -5.50
NAV 1.04 -0.60 -0.11 0.32 0.42 0.15 0.09 0.67 0.99 1.15 0.36 0.62 2.14 -1.20 -1.15 -2.50 -4.78 -2.64 -1.66
Difference 1.49 -0.07 -0.71 0.70 -0.37 -0.23 0.10 -0.50 0.19 0.40 -0.61 0.62 0.41 2.68 0.00 0.68 3.23 3.65 3.84
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 3.30 1.82 -0.59 4.56 2.28 0.90 0.30 3.51 8.07 1.82 -0.55 1.15 2.43 -0.17 -1.75 1.42 -0.51 1.91 9.98
NAV 1.78 1.33 0.17 3.30 1.15 1.11 0.42 2.70 6.00 1.16 0.28 0.71 2.17 0.68 -0.06 0.48 1.10 3.27 9.27
Difference -1.53 -0.50 0.76 -1.26 -1.13 0.21 0.12 -0.81 -2.07 -0.66 0.83 -0.44 -0.26 0.84 1.69 -0.95 1.61 1.35 -0.71
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -2.67 -0.57 7.57 4.10 3.01 1.40 1.62 6.14 10.24 3.98 2.18 0.22 6.48 -0.45 0.22 3.10 2.86 9.34 19.58
NAV -1.71 -0.89 4.00 1.31 3.22 1.06 1.17 5.53 6.85 2.62 1.83 1.31 5.87 0.84 -0.17 1.79 2.48 8.35 15.20
Difference 0.97 -0.33 -3.56 -2.78 0.21 -0.34 -0.45 -0.61 -3.39 -1.36 -0.35 1.09 -0.61 1.29 -0.38 -1.31 -0.38 -0.99 -4.38
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 0.92 2.72 -0.43 3.22 1.51 -0.87 -3.47 -2.87 0.35 -1.02 -2.60 -1.92 -5.45 4.10 -1.94 -0.55 1.52 -3.92 -3.57
NAV 0.68 2.15 0.09 2.94 1.35 0.42 -0.99 0.77 3.70 -0.27 -1.54 -2.04 -3.81 1.44 -1.50 -2.48 -2.55 -6.36 -2.66
Difference -0.24 -0.57 0.51 -0.28 -0.16 1.29 2.48 3.63 3.35 0.75 1.06 -0.12 1.64 -2.66 0.44 -1.93 -4.08 -2.44 0.91

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-2.69%
1Yr Disc
-5.03%
3Yr Disc
-4.50%
5Yr Disc
-5.35%
Rel Disc Range (3yr)
66.36%
Mkt Yield
7.46%
Lev Adj NAV Yield
5.66%
After Tax Yield*
5.64%
Est Tax Friction*
1.82%
3Yr NAV Volatiliy
3.91
1 Yr RoC
2.14%
3 Yr Dest RoC
0.37%
Leverage
28.23%
Non Lev Exp Ratio
1.32%
Beta (2yr)
0.14
Equity Exposure
1.16%
Bond Exposure
96.53%
# Holdings
86
Cash Weighted Duration
3.28
Comp NAV TR
0.81%
Comp Discount
0.19%
Net Assets (M)
496
Liquidity - 90d (K)
1,373
* 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


86 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.15 -11.44 8.12 0.00 35.36 260 834
AIF Apollo Tactical Incm Fd Apollo 1.12 -10.98 8.18 0.00 34.71 238 707
ARDC Ares Dyn Cr Alloc Fd Ares 1.15 -10.30 8.71 0.00 31.05 378 1,258
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.15 -8.80 6.54 2.29 38.12 1,137 1,801
BGB B/GSO Stgc Cr Fd GSO / Blackstone 1.11 -7.17 9.53 0.00 37.24 673 2,405
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.10 -7.05 10.25 0.00 29.79 356 1,062
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.16 0.00 6.19 0.40 20.85 214 351
BGT BR Flt Rt Incm Fd BlackRock 1.20 -9.82 7.23 0.00 27.79 324 1,007
BGX B/GSO Lng-Srt Cr Incm Fd GSO / Blackstone 1.10 -2.90 9.46 0.00 39.23 197 950
BHK BR Core Bnd Tr BlackRock 1.16 -5.84 5.59 7.92 24.49 832 2,070
BIT BR Mlt-Sctr Incm Tr BlackRock 1.16 -4.08 8.65 17.37 35.62 672 1,866
BLW BR Ltd Dur Incm Tr BlackRock 1.17 -6.53 7.41 0.00 25.23 609 1,680
BSL B/GSO Sr Flt Rt Trm Fd GSO / Blackstone 1.10 -0.55 7.94 0.00 33.11 249 799
BTZ BR Cr Alloc Incm Tr BlackRock 1.16 -8.88 7.38 5.54 26.77 1,555 4,440
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.18 -5.85 8.39 0.41 27.18 179 407
DBL DbLin Opportunistic Cr Fd Doubleline 1.15 0.29 6.40 3.41 19.50 307 810
DCF BYN A Glbl Cr Incm 2024 Tgt Trm BNY Mellon 1.12 -0.55 7.22 0.00 29.85 135 320
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.16 -7.27 8.43 0.00 31.26 240 491
DHY CS Hi Yld Bnd Fd Credit Suisse 1.15 -0.39 9.01 11.09 30.08 263 575
DSL DbLin Incm Solutions Fd Doubleline 1.15 4.39 9.02 2.61 30.83 1,939 4,782
DSU BR Dbt Stgs Fd BlackRock 1.17 -10.19 7.81 4.05 30.35 601 2,006
EAD WF Incm Opp Fd Wells Fargo 1.20 -4.83 8.36 5.56 29.40 549 1,475
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.18 -7.72 6.56 0.00 36.30 128 385
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.18 -0.53 5.76 0.00 36.10 222 669
EFR EV Sr Flt-Rt Tr Eaton Vance 1.15 -10.69 7.74 0.00 35.90 538 1,468
EFT EV Flt-Rt Incm Tr Eaton Vance 1.17 -10.32 7.53 0.00 35.50 595 1,695
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.16 0.00 4.44 0.00 10.40 214 463
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.20 -3.05 9.33 0.00 30.00 401 987
EVF EV Sr Incm Tr Eaton Vance 1.17 -10.23 7.32 0.00 35.90 263 530
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.18 -8.80 6.79 0.00 47.30 260 345
EVV EV Ltd Dur Incm Fd Eaton Vance 1.20 -8.92 9.18 0.00 35.15 1,667 3,477
FCT FT Sr Flt Rt Incm Fd II First Trust 1.17 -10.12 8.08 1.26 29.78 364 1,002
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.18 -4.61 3.67 0.00 28.27 342 1,015
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.20 -9.58 7.21 0.00 28.28 523 2,045
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.17 -4.68 6.92 17.11 27.00 274 572
GGM Gghm Cr Alloc Fd Guggenheim Funds 1.17 5.09 10.86 12.01 24.28 154 593
GHY PGIM Glbl Hi Yld Fd Prudential 1.17 -10.81 8.68 0.00 27.23 666 1,538
HIO WA Hi Incm Opp Fd Legg Mason 1.14 -9.49 7.74 0.00 0.00 701 1,289
HIX WA Hi Incm Fd II Legg Mason 1.14 -8.01 8.74 6.77 29.60 617 1,414
HNW Pioneer Divr Hi Incm Tr Pioneer 1.16 -8.69 7.80 0.00 31.40 133 278
HYB New Amrc Hi Incm Fd T. Rowe Price 1.16 -10.71 7.47 0.00 28.00 231 796
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.17 -5.02 7.36 0.00 0.00 367 1,093
HYT BR Corp Hi Yld Fd BlackRock 1.22 -3.73 8.24 0.24 28.63 1,437 5,021
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.15 1.61 4.28 0.00 0.00 229 421
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.17 0.29 5.71 0.00 24.00 251 454
INSI Insight Sel Incm Fd Cutwater 1.14 -6.33 3.95 0.00 0.00 232 278
ISD PGIM Hi Yld Bnd Fd Prudential 1.15 -9.98 8.42 0.00 24.60 553 2,200
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.13 -10.03 8.98 0.00 31.24 246 727
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.16 5.08 5.69 0.00 29.49 262 454
JFR Nuv Flt Rt Incm Fd Nuveen 1.15 -10.38 7.63 0.00 38.31 614 2,313
JGH Nuv Glbl Hi Incm Fd Nuveen 1.18 -10.87 7.77 0.50 30.08 410 916
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.17 1.21 4.96 0.00 27.22 554 769
JHI JH Invstr Tr John Hancock 1.17 -5.70 7.54 0.00 35.19 160 284
JHS JH Incm Sec Tr John Hancock 1.14 -6.56 6.04 0.00 33.49 181 271
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.15 1.95 1.93 0.00 28.54 154 258
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.17 -10.28 7.56 0.00 37.84 434 1,669
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.14 -10.32 7.48 0.00 39.37 165 583
KIO KKR Incm Opp Fd KKR Credit 1.14 -2.23 9.80 0.00 31.56 319 1,178
MCI Barings Corp Invstr Barings 1.14 8.21 7.23 0.00 8.83 310 255
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.15 -5.36 9.05 15.97 33.30 248 797
NSL Nuv Sr Incm Fd Nuveen 1.15 -11.02 7.64 0.00 38.81 249 996
OCCI OFS Credit Company OFS Capital 1.09 -5.56 12.39 0.00 31.94 53 277
PAI WA Inv Grd Incm Fd Legg Mason 1.13 3.25 4.15 0.00 0.00 146 312
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.21 11.25 8.19 0.00 43.67 3,165 9,023
PCM PCM Fund PIMCO 1.21 15.15 8.31 1.00 40.78 116 318
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.20 30.71 7.08 0.00 25.75 579 1,862
PDI PIMCO Dyn Incm Fd PIMCO 1.19 23.00 7.93 0.00 42.75 1,543 5,301
PFL PIMCO Incm Stgy Fd PIMCO 1.18 8.54 9.33 10.93 26.41 307 1,087
PFN PIMCO Incm Stgy Fd II PIMCO 1.19 9.80 9.12 0.00 26.21 637 1,995
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.19 24.79 9.49 8.10 39.61 104 433
PHD Pioneer Flt Rt Tr Pioneer 1.16 -10.78 7.08 0.00 32.30 294 867
PHK PIMCO Hi Incm Fd PIMCO 1.15 24.63 9.63 12.97 27.51 805 3,133
PHT Pioneer Hi Incm Tr Pioneer 1.16 -7.61 8.78 0.00 30.00 292 725
PKO PIMCO Incm Opp Fd PIMCO 1.22 16.22 8.16 0.00 35.67 420 1,783
PPR Voya Prime Rt Tr Voya 1.19 -9.85 5.74 0.00 27.12 795 2,330
PPT Putnam Prmr Incm Tr Putnam 1.22 2.03 7.61 10.21 6.65 559 1,247
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.19 29.99 8.41 2.13 36.66 1,257 3,949
TLI WA Corp Ln Fd Legg Mason 1.17 -11.04 7.88 1.21 32.10 107 346
TSI TCW Stgc Incm Fd TCW 1.19 -0.34 5.74 0.00 0.00 279 737
TSLF THL Cr Sr Ln Fd THL Credit 1.13 -11.95 8.23 0.00 27.75 124 451
VBF Invsc Bnd Fd Invesco 1.19 -1.88 3.90 2.72 0.00 236 589
VTA Invsc Dyn Cr Opp Fd Invesco 1.17 -9.67 8.10 12.50 32.00 911 2,663
VVR Invsc Sr Incm Tr Invesco 1.15 -9.91 6.89 2.69 29.00 835 1,969
WEA WA Prmr Bnd Fd Legg Mason 1.16 -2.84 5.64 0.00 27.10 172 380
WIA WA Inf-Lnk Incm Fd Legg Mason 1.18 -10.60 3.48 3.89 31.20 388 802
WIW WA Inf-Lnk Opp & Incm Fd Legg Mason 1.16 -12.78 3.86 0.00 30.70 785 1,175

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.

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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