CEF Advisors AICA Event NAVigator Podcast

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(%) 10 Year(%) MTD(%) QTD(%) YTD(%)
Price 1,453.95 0.07 0.00 1.65 9.34 11.29 14.11 2.64 5.04 5.28 0.64 3.25 3.25
NAV 1,401.35 0.23 0.22 1.18 6.13 8.04 11.71 2.19 4.39 4.78 0.24 1.25 1.25
Difference 0.16 0.22 -0.47 -3.21 -3.25 -2.41 -0.45 -0.65 -0.50 -0.40 -2.00 -2.00
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2024 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2024
Price 2.60 - - - - - - - - - - - - - - - - - -
NAV 1.00 - - - - - - - - - - - - - - - - - -
Difference -1.59 - - - - - - - - - - - - - - - - - -
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 8.34 -0.59 -3.66 3.76 1.40 -1.45 3.43 3.36 7.25 3.05 0.11 -1.24 1.89 -2.76 6.19 4.47 7.88 9.92 17.89
NAV 4.51 -0.52 -0.37 3.58 1.23 -0.96 1.82 2.08 5.73 1.75 0.69 -0.22 2.23 -1.21 3.50 3.44 5.76 8.12 14.31
Difference -3.83 0.06 3.29 -0.19 -0.17 0.49 -1.61 -1.28 -1.52 -1.31 0.58 1.02 0.33 1.55 -2.69 -1.04 -2.12 -1.80 -3.57
2022 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2022
Price -4.12 -3.50 -1.22 -8.60 -4.26 -2.49 -5.80 -12.06 -19.62 6.15 -1.04 -8.91 -4.31 2.79 6.72 -4.26 5.02 0.49 -19.23
NAV -1.47 -1.58 -0.93 -3.93 -2.49 -2.25 -6.57 -10.95 -14.45 4.29 -0.17 -4.72 -0.80 1.33 2.45 -0.44 3.36 2.54 -12.28
Difference 2.65 1.91 0.29 4.67 1.78 0.23 -0.78 1.11 5.17 -1.86 0.87 4.19 3.52 -1.46 -4.27 3.83 -1.65 2.05 6.95
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 2.09 5.94 12.53 -0.29 1.67 -1.36 -0.01 1.53 -1.34 1.01 1.18 1.17 13.85
NAV 1.16 0.80 0.18 2.15 1.37 0.81 1.12 3.34 5.56 0.33 0.82 0.05 1.20 -0.07 -0.90 1.31 0.32 1.53 7.17
Difference -0.45 -1.17 -2.34 -4.07 -0.82 -0.73 -0.97 -2.60 -6.97 0.62 -0.85 1.42 1.21 -1.60 0.44 0.30 -0.86 0.35 -6.68
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
2014 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2014
Price 1.43 2.29 -0.03 3.72 1.28 1.07 1.29 3.70 7.55 -2.46 1.32 -2.72 -3.87 0.84 -0.30 -2.11 -1.58 -5.39 1.75
NAV 1.44 1.46 0.45 3.39 0.70 1.18 0.84 2.75 6.23 -0.50 0.93 -1.40 -0.97 0.41 -0.12 -2.06 -1.78 -2.73 3.33
Difference 0.01 -0.82 0.49 -0.32 -0.58 0.11 -0.45 -0.95 -1.32 1.97 -0.38 1.32 2.90 -0.43 0.18 0.05 -0.20 2.66 1.58
2013 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2013
Price 4.65 1.00 0.73 6.47 1.37 -3.93 -2.53 -5.07 1.08 -0.94 -1.93 1.51 -1.39 2.05 -1.44 1.37 1.96 0.54 1.63
NAV 2.21 0.59 1.02 3.86 1.71 -0.32 -2.57 -1.22 2.59 1.63 -0.45 1.11 2.30 2.14 0.51 0.20 2.87 5.24 7.97
Difference -2.44 -0.41 0.29 -2.62 0.34 3.61 -0.04 3.85 1.52 2.57 1.49 -0.40 3.69 0.09 1.96 -1.17 0.91 4.70 6.34
2012 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2012
Price 5.44 2.34 0.07 7.99 1.65 -1.16 2.10 2.58 10.78 3.44 2.48 2.30 8.44 -1.18 -0.49 -0.18 -1.84 6.45 17.92
NAV 3.36 2.52 0.60 6.60 1.03 -1.23 1.58 1.35 8.04 2.38 1.85 2.09 6.46 1.05 0.66 1.12 2.86 9.51 18.31
Difference -2.08 0.17 0.53 -1.39 -0.63 -0.07 -0.53 -1.23 -2.74 -1.06 -0.62 -0.21 -1.98 2.23 1.15 1.30 4.70 3.06 0.39

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-2.44%
1Yr Disc
-5.15%
3Yr Disc
-3.97%
5Yr Disc
-4.08%
Rel Disc Range (3yr)
51.70%
Mkt Yield
10.50%
Lev Adj NAV Yield
8.08%
After Tax Yield*
8.00%
Est Tax Friction*
2.50%
3Yr NAV Volatiliy
6.81
1 Yr RoC
9.40%
3 Yr Dest RoC
7.28%
Leverage
27.31%
Non Lev Exp Ratio
1.94%
Beta (2yr)
0.44
Equity Exposure
7.40%
Bond Exposure
90.66%
# Holdings
63
Cash Weighted Duration
3.12
Comp NAV TR
0.30%
Comp Discount
1.62%
Net Assets (M)
473
Liquidity - 90d (K)
2,355
* 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


63 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.64 -6.78 11.73 0.00 35.71 234 1,707
AIF Apollo Tactical Incm Fd Apollo 1.65 -0.13 10.78 0.00 36.17 215 2,402
ARDC Ares Dyn Cr Alloc Fd Ares 1.53 -6.69 10.41 0.00 33.05 332 1,666
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.60 -6.39 7.56 0.00 18.29 958 2,085
BGB Blackstone Stgc Cr 2027 Trm Fd Blackstone 1.59 -8.50 9.70 0.00 36.95 568 2,130
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.62 -9.76 9.08 0.00 26.59 310 850
BGT BR Flt Rt Incm Fd BlackRock 1.61 0.08 11.24 8.73 24.06 286 1,414
BGX Blackstone Lng-Srt Cr Incm Fd Blackstone 1.61 -9.98 10.38 0.00 31.74 168 864
BLW BR Ltd Dur Incm Tr BlackRock 1.54 -0.50 9.30 6.84 35.29 500 1,394
BSL Blackstone Sr Flt Rt 2027 Trm Fd Blackstone 1.63 -4.75 9.74 0.00 32.03 192 1,002
CBH Virtus Convt & Incm 2024 Tgt Trm Virtus 1.56 -3.96 6.32 3.62 10.62 166 398
CCIF Carlyle Cr Incm Fd Carlyle Glbl Cr Inv Mgmt 1.57 0.25 14.87 7.15 0.00 94 610
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.50 1.69 8.97 0.00 25.18 157 407
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.61 -12.27 7.63 0.00 28.78 196 1,254
DHY CS Hi Yld Bnd Fd Credit Suisse 1.53 -11.01 9.59 0.00 26.17 226 1,035
DLY DbLin Yld Opp Fd Doubleline 1.62 -2.44 8.98 4.25 19.96 766 3,955
DMO WA Mortg Opp Fd Franklin Templeton 1.57 -7.30 13.27 10.77 42.14 139 543
DSL DbLin Incm Solutions Fd Doubleline 1.59 0.56 10.54 8.41 23.21 1,277 6,027
DSU BR Dbt Stgs Fd BlackRock 1.59 2.03 10.73 7.12 21.43 504 1,736
EAD Allspring Incm Opp Fd Allspring 1.59 -8.80 9.36 0.00 30.30 430 1,228
ECC Eagle Point Cr Co Eagle Point 1.65 8.52 16.70 0.00 23.86 730 7,132
EFR EV Sr Flt-Rt Tr Eaton Vance 1.60 -0.15 11.16 0.00 33.50 380 1,249
EFT EV Flt-Rt Incm Tr Eaton Vance 1.64 -0.83 10.74 0.00 36.70 348 1,427
EHI WA Glbl Hi Incm Fd Franklin Templeton 1.51 -3.95 11.91 19.73 30.68 167 419
EIC Eagle Point Incm Co Eagle Point 1.71 6.40 15.05 0.00 31.12 177 1,749
ERC Allspring Mlt-Sctr Incm Fd Allspring 1.55 -6.29 8.35 0.00 29.40 281 595
EVF EV Sr Incm Tr Eaton Vance 1.59 2.73 11.46 0.00 33.80 98 596
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.59 -3.88 8.88 4.52 32.02 149 489
FCT FT Sr Flt Rt Incm Fd II First Trust 1.57 -8.75 11.50 9.42 13.27 288 1,098
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.55 -4.32 11.78 8.36 22.07 464 2,038
FTF FrkTmp Ltd Dur Incm Tr Franklin Templeton 1.57 -11.81 11.77 0.00 31.86 287 1,010
HIO WA Hi Incm Opp Fd Franklin Templeton 1.58 -7.11 10.87 10.36 0.00 401 1,216
HIX WA Hi Incm Fd II Franklin Templeton 1.39 -6.95 13.30 21.84 27.85 320 1,331
HNW Pioneer Divr Hi Incm Fd Amundi Asset Mgmt 1.62 -10.63 9.66 4.57 29.90 104 279
HYB New Amrc Hi Incm Fd T. Rowe Price 1.59 -11.37 6.62 0.00 30.00 191 409
HYI WA Hi Yld Dfin Opp Fd Franklin Templeton 1.53 -3.32 9.56 5.02 0.00 280 843
IGI WA Inv Grd Dfin Opp Tr Franklin Templeton 1.49 -2.69 4.95 0.00 0.00 189 454
JFR Nuv Flt Rt Incm Fd Nuveen 1.60 -8.22 12.01 6.95 38.02 1,240 6,035
JHI JH Invstr Tr John Hancock 1.57 -9.75 8.01 0.00 40.56 128 266
JLS Nuv Mortg Opp Trm Fd Nuveen 1.56 -11.66 10.04 7.36 26.33 105 586
JQC Nuv Cr Stgs Incm Fd Nuveen 1.62 -8.12 11.93 6.15 38.02 801 4,123
KIO KKR Incm Opp Fd KKR Credit 1.60 -4.43 11.26 0.00 37.44 367 1,867
MCI Barings Corp Invstr Barings 1.59 9.61 8.12 0.00 10.36 346 817
MPV Barings Partcp Invstr Barings 1.57 -0.70 8.99 0.00 11.45 166 361
OCCI OFS Credit Company OFS Capital 1.64 -11.72 17.70 0.00 34.31 122 949
OXLC Oxford Lane Cap Corp Oxford Lane 1.61 2.41 18.86 0.00 31.30 1,031 9,654
PAI WA Inv Grd Incm Fd Franklin Templeton 1.53 -7.74 4.93 0.00 0.00 123 225
PAXS PIMCO Access Incm Fd PIMCO 1.69 2.46 11.63 10.40 40.78 662 3,678
PCM PCM Fund PIMCO 1.61 25.11 11.75 19.14 40.87 78 236
PDI PIMCO Dyn Incm Fd PIMCO 1.70 12.79 13.64 18.11 38.35 5,024 31,519
PDO PIMCO Dyn Incm Opp Fd PIMCO 1.66 3.84 11.82 18.03 40.35 1,412 8,250
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.58 0.53 10.95 6.11 17.19 86 324
PHD Pioneer Flt Rt Fd Amundi Asset Mgmt 1.63 -6.97 11.55 0.00 32.70 128 663
PHT Pioneer Hi Incm Fd Amundi Asset Mgmt 1.59 -8.91 8.97 1.25 31.50 237 737
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.67 25.38 10.09 17.02 25.83 1,710 8,386
RCS PIMCO Stgc Incm Fd PIMCO 1.62 43.84 9.71 0.67 38.11 201 870
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 1.58 -11.95 8.46 18.41 22.47 429 1,443
VBF Invsc Bnd Fd Invesco 1.60 -2.41 4.94 2.77 0.00 185 656
WDI WA Divr Incm Fd Franklin Templeton 1.58 -7.18 11.99 0.00 31.53 801 3,160
WEA WA Prmr Bnd Fd Franklin Templeton 1.57 -2.75 7.66 0.00 26.46 134 355
WIA WA Inf-Lnk Incm Fd Franklin Templeton 1.53 -13.19 7.47 0.00 39.01 216 392
WIW WA Inf-Lnk Opp & Incm Fd Franklin Templeton 1.51 -15.01 8.60 0.00 37.50 608 1,995
XFLT XAI Octgn Flt Rt & Alt Incm Tr XA Investments 1.54 2.90 14.39 0.00 39.28 363 2,050

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 %