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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 1,434.88 -0.42 -0.55 1.70 4.99 11.27 27.42 8.87 9.64 0.22 4.00 10.47
NAV 1,351.09 -0.03 -0.36 1.35 3.18 5.69 18.94 6.85 8.20 0.50 2.71 4.91
Difference 0.39 0.19 -0.35 -1.81 -5.58 -8.48 -2.02 -1.43 0.28 -1.30 -5.56
* 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 1.61 1.97 2.52 6.22 2.19 1.55 - - - - - - - - - - - - -
NAV 1.16 0.80 0.18 2.15 1.37 0.81 - - - - - - - - - - - - -
Difference -0.45 -1.17 -2.34 -4.07 -0.82 -0.73 - - - - - - - - - - - - -
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price 1.51 -5.77 -19.87 -23.35 5.97 6.11 1.78 14.44 -12.29 3.40 1.96 -0.14 5.28 -0.88 8.52 2.54 10.31 16.13 1.86
NAV 0.86 -1.51 -17.75 -18.30 4.67 5.15 2.65 12.98 -7.70 3.62 2.07 -0.07 5.68 0.38 4.95 2.62 8.11 14.26 5.46
Difference -0.65 4.25 2.13 5.05 -1.30 -0.97 0.88 -1.46 4.59 0.22 0.10 0.07 0.40 1.26 -3.57 0.08 -2.19 -1.88 3.60
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 15.11 1.30 -0.95 1.79 2.13 0.74 0.81 2.68 4.28 6.50 22.59
NAV 4.07 1.63 0.67 6.47 1.70 -0.41 1.67 2.98 9.64 0.75 -0.22 0.41 0.94 -0.11 0.58 2.04 2.51 3.48 13.46
Difference -3.10 -1.12 0.18 -4.18 -0.76 0.58 -0.87 -1.05 -5.47 -0.54 0.73 -1.38 -1.19 -0.85 -0.23 -0.64 -1.77 -3.02 -9.13
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 -6.43 -5.69
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 -2.75 -1.78
Difference 1.49 -0.07 -0.71 0.70 -0.37 -0.23 0.10 -0.50 0.20 0.40 -0.61 0.62 0.41 2.68 0.00 0.68 3.23 3.68 3.91
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 8.23 1.82 -0.55 1.15 2.43 -0.17 -1.75 1.42 -0.51 1.90 10.29
NAV 1.78 1.33 0.17 3.30 1.15 1.11 0.42 2.70 6.09 1.16 0.28 0.71 2.17 0.68 -0.06 0.48 1.10 3.29 9.59
Difference -1.53 -0.50 0.76 -1.26 -1.13 0.21 0.12 -0.81 -2.14 -0.66 0.83 -0.44 -0.26 0.84 1.69 -0.95 1.61 1.39 -0.70
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 10.49 3.98 2.18 0.22 6.48 -0.45 0.22 3.10 2.86 9.53 21.02
NAV -1.71 -0.89 4.00 1.31 3.22 1.06 1.17 5.53 6.92 2.62 1.83 1.31 5.87 0.84 -0.17 1.79 2.48 8.50 16.01
Difference 0.97 -0.33 -3.56 -2.78 0.21 -0.34 -0.45 -0.61 -3.57 -1.36 -0.35 1.09 -0.61 1.29 -0.38 -1.31 -0.38 -1.03 -5.01
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 0.26 -1.02 -2.60 -1.92 -5.45 4.10 -1.94 -0.55 1.52 -4.01 -3.76
NAV 0.68 2.15 0.09 2.94 1.35 0.42 -0.99 0.77 3.73 -0.27 -1.54 -2.04 -3.81 1.44 -1.50 -2.48 -2.55 -6.26 -2.77
Difference -0.24 -0.57 0.51 -0.28 -0.16 1.29 2.48 3.63 3.47 0.75 1.06 -0.12 1.64 -2.66 0.44 -1.93 -4.08 -2.26 0.98

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-0.28%
1Yr Disc
-4.32%
3Yr Disc
-4.25%
5Yr Disc
-3.88%
Rel Disc Range (3yr)
83.87%
Mkt Yield
6.86%
Lev Adj NAV Yield
5.31%
After Tax Yield*
5.21%
Est Tax Friction*
1.65%
3Yr NAV Volatiliy
9.34
1 Yr RoC
7.99%
3 Yr Dest RoC
2.57%
Leverage
28.30%
Non Lev Exp Ratio
1.47%
Beta (2yr)
0.50
Equity Exposure
1.33%
Bond Exposure
95.38%
# Holdings
70
Cash Weighted Duration
3.71
Comp NAV TR
0.65%
Comp Discount
0.31%
Net Assets (M)
495
Liquidity - 90d (K)
1,672
* 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


70 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.44 -7.23 6.23 0.00 33.31 259 809
AIF Apollo Tactical Incm Fd Apollo 1.42 -8.83 6.21 0.00 33.24 241 417
ARDC Ares Dyn Cr Alloc Fd Ares 1.48 -3.67 7.32 0.00 28.64 380 1,410
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.45 -5.68 6.40 0.00 30.16 1,123 1,993
BGB Blackstone Stgc Cr Fd Blackstone 1.42 -7.39 6.33 0.00 37.20 658 1,694
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.45 -6.82 7.60 0.00 29.49 359 1,147
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.41 1.19 6.42 18.69 0.00 205 394
BGX Blackstone Lng-Srt Cr Incm Fd Blackstone 1.46 -4.63 6.55 0.00 38.43 198 837
BHK BR Core Bnd Tr BlackRock 1.44 0.49 5.51 0.00 34.40 872 2,035
BLW BR Ltd Dur Incm Tr BlackRock 1.42 0.29 6.88 15.22 34.18 608 1,463
BSL Blackstone Sr Flt Rt Trm Fd Blackstone 1.46 -0.97 5.50 0.00 32.92 224 943
BTZ BR Cr Alloc Incm Tr BlackRock 1.43 -3.14 6.65 14.84 29.29 1,460 3,018
BWG BwGlobal Glbl Incm Opp Fd Franklin Templeton 1.45 -9.55 7.68 0.00 34.38 232 773
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.44 0.00 7.74 0.00 25.64 183 3,148
DBL DbLin Opportunistic Cr Fd Doubleline 1.39 0.72 6.70 0.00 8.47 293 699
DCF BYN A Glbl Cr Incm 2024 Tgt Trm BNY Mellon 1.39 -0.21 6.38 0.00 29.38 141 325
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.46 -3.31 8.04 0.00 28.59 241 2,560
DHY CS Hi Yld Bnd Fd Credit Suisse 1.45 -2.71 7.41 0.00 28.03 267 3,143
DSL DbLin Incm Solutions Fd Doubleline 1.39 -1.68 7.29 2.02 28.05 1,879 4,528
EAD WF Incm Opp Fd Wells Fargo 1.44 -5.54 7.96 0.00 26.10 557 1,370
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.39 -0.97 4.41 4.38 34.80 125 597
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.39 0.86 4.21 0.00 33.10 220 563
EFR EV Sr Flt-Rt Tr Eaton Vance 1.42 -1.73 6.89 0.00 37.00 531 1,657
EFT EV Flt-Rt Incm Tr Eaton Vance 1.41 -1.91 6.48 0.00 36.70 583 1,632
EHI WA Glbl Hi Incm Fd Franklin Templeton 1.39 -2.79 7.69 3.64 31.03 244 316
EHT EV 2021 Tgt Trm Tr Eaton Vance 1.38 -0.10 1.83 0.00 0.00 211 570
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.45 0.16 8.69 0.00 27.90 362 1,011
EVF EV Sr Incm Tr Eaton Vance 1.42 -2.03 5.87 0.00 37.00 261 534
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.39 -1.76 1.30 0.00 28.62 347 758
FSLF First Eagle Sr Ln Fd THL Credit 1.52 -0.51 5.33 0.00 28.30 117 512
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 1.39 -6.21 7.25 0.00 28.35 774 1,840
GDO WA Glbl Corp Dfin Opp Fd Franklin Templeton 1.45 -1.98 6.63 11.64 28.67 279 606
GHY PGIM Glbl Hi Yld Fd Prudential 1.46 -6.81 8.08 4.42 27.40 685 1,999
HIO WA Hi Incm Opp Fd Franklin Templeton 1.44 -4.92 6.90 12.43 0.00 522 969
HIX WA Hi Incm Fd II Franklin Templeton 1.46 -0.55 8.20 7.20 29.49 423 942
HNW Pioneer Divr Hi Incm Fd Pioneer 1.42 -5.03 8.85 0.00 31.80 131 729
HYB New Amrc Hi Incm Fd T. Rowe Price 1.42 -8.20 6.54 0.00 27.00 234 523
HYI WA Hi Yld Dfin Opp Fd Franklin Templeton 1.39 -4.13 7.39 9.88 0.00 362 720
HYT BR Corp Hi Yld Fd BlackRock 1.44 0.08 7.67 13.98 30.90 1,484 4,125
IGI WA Inv Grd Dfin Opp Tr Franklin Templeton 1.38 -2.88 3.76 2.28 0.00 237 475
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.45 3.09 6.20 0.00 26.00 226 625
ISD PGIM Hi Yld Bnd Fd Prudential 1.44 -5.41 7.75 10.26 24.11 571 1,581
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.40 -8.05 6.57 0.00 25.89 247 813
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.39 0.36 4.90 0.00 23.78 230 351
JFR Nuv Flt Rt Incm Fd Nuveen 1.40 -7.19 7.19 0.44 36.11 594 3,133
JGH Nuv Glbl Hi Incm Fd Nuveen 1.44 -6.74 8.53 2.40 28.50 395 855
JHB Nuv Corp Incm Nov 2021 Tgt Trm Nuveen 1.39 -0.53 1.85 0.00 0.00 528 1,166
JHS JH Incm Sec Tr John Hancock 1.38 -2.49 4.97 0.00 32.82 187 248
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.40 -7.64 7.23 1.38 36.16 419 1,898
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.46 -5.88 7.05 0.00 36.00 158 495
KIO KKR Incm Opp Fd KKR Credit 1.44 -3.26 7.73 0.93 36.97 343 1,061
MCI Barings Corp Invstr Barings 1.53 -2.49 6.27 0.00 8.96 318 323
NSL Nuv Sr Incm Fd Nuveen 1.43 -6.84 7.13 0.91 36.00 237 2,600
OCCI OFS Credit Company OFS Capital 1.39 0.77 15.05 24.64 36.36 78 1,414
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.41 8.99 9.36 2.15 45.00 3,091 11,644
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.46 25.43 7.48 0.41 36.79 593 1,392
PDI PIMCO Dyn Incm Fd PIMCO 1.44 14.51 9.21 0.00 45.14 1,748 8,412
PFL PIMCO Incm Stgy Fd PIMCO 1.45 17.08 8.70 7.47 38.34 363 1,646
PFN PIMCO Incm Stgy Fd II PIMCO 1.46 13.98 8.99 4.38 36.14 719 2,840
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.45 6.87 7.50 0.00 37.09 114 395
PHK PIMCO Hi Incm Fd PIMCO 1.42 15.84 8.47 0.00 38.61 785 2,973
PHT Pioneer Hi Incm Fd Pioneer 1.41 -1.76 9.16 0.00 30.30 283 877
PKO PIMCO Incm Opp Fd PIMCO 1.43 12.78 8.50 1.39 44.11 496 1,682
BRW Saba Cap Incm & Opp Fd Saba Capital 1.39 -5.47 1.72 1.38 0.00 600 1,720
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.49 35.87 8.01 7.66 47.16 1,262 8,776
RCS PIMCO Stgc Incm Fd PIMCO 1.46 16.69 8.03 1.83 41.61 290 836
TSI TCW Stgc Incm Fd TCW 1.42 -2.68 3.79 0.00 0.00 285 564
VLT Invsc Hi Incm Tr II Invesco 1.46 -2.81 7.95 23.15 24.00 97 300
VTA Invsc Dyn Cr Opp Fd Invesco 1.42 -5.16 7.77 29.96 28.00 770 2,018
WEA WA Prmr Bnd Fd Franklin Templeton 1.46 -0.20 5.38 0.00 28.44 175 419

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 %