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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 958.25 2.97 -0.03 -22.95 -24.99 -21.55 -17.75 -3.07 1.36 -1.95 -1.95 -25.31
NAV 989.38 0.50 0.61 -17.91 -19.27 -16.87 -14.36 -1.60 1.46 -0.83 -0.83 -19.13
Difference -2.47 0.64 5.04 5.72 4.68 3.39 1.47 0.10 1.12 1.12 6.17
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 - - - - - - - - - - - - - - -23.35
NAV 0.86 -1.51 -17.75 -18.30 - - - - - - - - - - - - - - -18.30
Difference -0.65 4.25 2.13 5.05 - - - - - - - - - - - - - - 5.05
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 2.68 4.28 6.41 21.09
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 2.04 2.51 3.46 12.91
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 -0.64 -1.77 -2.95 -8.18
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
-8.87%
1Yr Disc
-4.15%
3Yr Disc
-4.25%
5Yr Disc
-4.98%
Rel Disc Range (3yr)
55.06%
Mkt Yield
9.84%
Lev Adj NAV Yield
6.96%
After Tax Yield*
7.46%
Est Tax Friction*
2.38%
3Yr NAV Volatiliy
8.44
1 Yr RoC
3.00%
3 Yr Dest RoC
2.59%
Leverage
28.60%
Non Lev Exp Ratio
1.29%
Beta (2yr)
0.43
Equity Exposure
1.16%
Bond Exposure
96.58%
# Holdings
83
Cash Weighted Duration
3.29
Comp NAV TR
-0.52%
Comp Discount
0.77%
Net Assets (M)
393
Liquidity - 90d (K)
2,479
* 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


83 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.18 -16.53 10.05 0.00 35.43 207 1,062
AIF Apollo Tactical Incm Fd Apollo 1.17 -15.36 10.78 0.00 34.74 185 1,173
ARDC Ares Dyn Cr Alloc Fd Ares 1.14 -14.47 12.91 0.00 32.00 268 1,776
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.19 -13.80 8.80 0.00 45.44 893 4,004
BGB B/GSO Stgc Cr Fd GSO / Blackstone 1.18 -13.08 12.28 0.00 37.08 512 3,223
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.13 -13.55 16.66 0.00 30.76 235 1,290
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.21 -1.19 8.04 0.39 19.72 167 471
BGT BR Flt Rt Incm Fd BlackRock 1.23 -15.32 9.32 0.00 29.64 267 1,249
BGX B/GSO Lng-Srt Cr Incm Fd GSO / Blackstone 1.17 -14.36 13.41 0.00 39.02 149 950
BHK BR Core Bnd Tr BlackRock 1.28 -6.19 5.89 17.23 24.01 792 3,264
BIT BR Mlt-Sctr Incm Tr BlackRock 1.20 -16.07 12.63 12.76 37.40 526 3,406
BLW BR Ltd Dur Incm Tr BlackRock 1.17 -14.18 9.78 0.51 28.00 503 3,013
BSL B/GSO Sr Flt Rt Trm Fd GSO / Blackstone 1.15 -13.36 10.73 0.00 33.00 193 1,276
BTZ BR Cr Alloc Incm Tr BlackRock 1.25 -7.51 8.52 13.62 29.42 1,195 7,138
BWG BwGlobal Glbl Incm Opp Fd Legg Mason 1.24 -13.68 7.97 2.73 32.72 256 1,137
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.18 -13.21 11.74 2.77 27.18 139 608
DBL DbLin Opportunistic Cr Fd Doubleline 1.19 -2.41 7.95 7.66 19.30 254 1,720
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.18 -13.25 11.94 0.00 31.36 181 2,121
DHY CS Hi Yld Bnd Fd Credit Suisse 1.14 -13.33 11.72 13.95 27.87 202 2,496
DSL DbLin Incm Solutions Fd Doubleline 1.11 -3.38 14.98 3.36 28.98 1,264 9,720
DSU BR Dbt Stgs Fd BlackRock 1.26 -12.83 9.89 9.80 31.11 489 2,620
EAD WF Incm Opp Fd Wells Fargo 1.18 -12.75 11.76 1.10 29.18 430 2,720
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.23 -14.19 7.24 2.83 35.20 103 313
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.18 -9.36 7.03 0.00 35.60 187 682
EFR EV Sr Flt-Rt Tr Eaton Vance 1.23 -13.87 8.15 0.00 35.60 422 3,001
EFT EV Flt-Rt Incm Tr Eaton Vance 1.22 -13.33 7.93 0.00 35.10 466 2,768
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.23 -5.58 4.09 0.00 0.00 200 716
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.15 -13.86 13.32 0.00 29.80 318 1,843
EVF EV Sr Incm Tr Eaton Vance 1.26 -13.74 7.64 1.30 35.40 207 1,155
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.24 -8.65 8.19 0.00 41.48 215 879
EVV EV Ltd Dur Incm Fd Eaton Vance 1.18 -12.80 11.82 16.53 35.76 1,352 5,964
FCT FT Sr Flt Rt Incm Fd II First Trust 1.28 -14.01 10.02 9.43 28.16 307 1,229
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.24 -10.06 3.69 0.00 26.87 296 1,095
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.25 -14.85 9.26 1.42 30.17 431 3,078
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.26 -9.22 8.67 19.83 27.78 230 778
GGM Gghm Cr Alloc Fd Guggenheim Funds 1.15 -8.54 15.51 16.06 19.10 134 835
GHY PGIM Glbl Hi Yld Fd Prudential 1.21 -13.16 11.57 0.00 26.89 513 3,058
HIO WA Hi Incm Opp Fd Legg Mason 1.20 -13.01 9.56 5.36 0.00 600 3,572
HIX WA Hi Incm Fd II Legg Mason 1.21 -15.22 12.00 8.98 29.07 492 3,402
HNW Pioneer Divr Hi Incm Tr Pioneer 1.18 -13.07 11.28 0.00 30.90 97 239
HYB New Amrc Hi Incm Fd T. Rowe Price 1.20 -12.34 8.89 0.00 30.00 180 1,037
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.18 -12.41 9.62 0.00 0.00 306 1,631
HYT BR Corp Hi Yld Fd BlackRock 1.20 -8.13 10.88 8.71 31.34 1,140 9,128
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.23 -1.48 4.57 0.63 0.00 205 553
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.21 2.58 7.54 0.00 24.00 186 733
INSI Insight Sel Incm Fd Cutwater 1.20 -2.24 4.17 0.00 0.00 210 640
ISD PGIM Hi Yld Bnd Fd Prudential 1.21 -13.28 11.09 0.00 29.17 436 3,031
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.15 -13.64 12.31 0.00 31.73 187 1,096
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.21 6.27 7.23 0.00 29.60 203 520
JFR Nuv Flt Rt Incm Fd Nuveen 1.20 -13.40 9.37 0.00 38.70 480 3,760
JGH Nuv Glbl Hi Incm Fd Nuveen 1.22 -15.32 11.13 0.24 30.78 301 1,210
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.19 -4.94 5.37 0.00 20.55 486 1,012
JHI JH Invstr Tr John Hancock 1.21 -10.09 9.55 0.00 35.48 120 360
JHS JH Incm Sec Tr John Hancock 1.22 -2.05 4.04 0.00 33.09 165 362
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.24 -3.05 2.16 0.00 11.24 145 571
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.20 -13.86 9.32 0.00 38.06 339 3,947
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.22 -14.18 9.80 0.00 39.80 126 759
KIO KKR Incm Opp Fd KKR Credit 1.15 -11.06 15.05 0.00 23.96 228 1,844
MCI Barings Corp Invstr Barings 1.29 -19.88 9.83 0.00 8.86 308 428
NSL Nuv Sr Incm Fd Nuveen 1.21 -13.65 9.77 0.00 39.24 192 2,873
PAI WA Inv Grd Incm Fd Legg Mason 1.17 -7.99 4.98 0.00 0.00 131 359
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.17 -2.95 13.21 0.00 43.95 2,313 18,660
PCM PCM Fund PIMCO 1.18 0.53 12.72 1.00 40.94 87 548
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.20 15.21 10.48 0.00 21.90 445 3,094
PDI PIMCO Dyn Incm Fd PIMCO 1.20 6.36 12.36 0.00 38.06 1,188 10,433
PFL PIMCO Incm Stgy Fd PIMCO 1.18 -1.71 13.42 5.21 22.00 249 1,816
PFN PIMCO Incm Stgy Fd II PIMCO 1.19 -2.29 13.24 0.00 21.72 519 3,663
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.25 21.36 14.07 3.26 35.19 72 861
PHD Pioneer Flt Rt Tr Pioneer 1.25 -16.43 9.64 0.00 31.90 230 863
PHK PIMCO Hi Incm Fd PIMCO 1.23 7.06 15.17 0.73 27.23 597 5,396
PHT Pioneer Hi Incm Tr Pioneer 1.17 -13.00 13.30 0.00 29.60 205 1,048
PKO PIMCO Incm Opp Fd PIMCO 1.16 0.64 12.03 0.00 31.97 349 2,660
PPR Voya Prime Rt Tr Voya 1.23 -13.92 6.47 0.00 28.75 637 3,007
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.25 19.58 12.05 1.96 31.41 954 10,242
RCS PIMCO Stgc Incm Fd PIMCO 1.29 14.39 11.69 6.63 39.19 240 2,599
TLI WA Corp Ln Fd Legg Mason 1.24 -14.54 11.14 13.47 32.20 82 439
TSLF THL Cr Sr Ln Fd THL Credit 1.21 -15.24 10.63 0.00 27.70 100 542
VLT Invsc Hi Incm Tr II Invesco 1.15 -11.89 11.57 14.78 30.00 74 429
VTA Invsc Dyn Cr Opp Fd Invesco 1.21 -17.37 11.46 16.06 35.00 598 3,641
VVR Invsc Sr Incm Tr Invesco 1.26 -14.10 8.75 6.78 34.00 586 5,277
WEA WA Prmr Bnd Fd Legg Mason 1.21 -8.99 7.17 0.00 26.80 144 547
WIA WA Inf-Lnk Incm Fd Legg Mason 1.23 -14.61 3.94 0.00 31.70 359 1,352
WIW WA Inf-Lnk Opp & Incm Fd Legg Mason 1.26 -16.35 4.42 0.00 31.20 715 2,472

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 %