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08. US Bond Index

Data as of 06/18/2021 05/28/2021 04/30/2021 03/31/2021 02/26/2021 01/29/2021 12/31/2020 11/30/2020 10/30/2020 09/30/2020 08/31/2020 07/31/2020 06/30/2020 05/29/2020 04/30/2020 03/31/2020 02/28/2020 01/31/2020 12/31/2019 11/29/2019 10/31/2019 09/30/2019 08/30/2019 07/31/2019 06/28/2019 05/31/2019 04/30/2019 03/29/2019 02/28/2019 01/31/2019 12/31/2018 11/30/2018 10/31/2018 09/28/2018 08/31/2018 07/31/2018 06/29/2018 05/31/2018 04/30/2018 03/29/2018 02/28/2018 01/31/2018 12/29/2017 11/30/2017 10/31/2017 09/29/2017 08/31/2017 06/30/2017

• About
• Performance
• Discount
• Characteristics
• Asset Allocation
• Constituents
• Prices
• Disclosure

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 (%) Show Previous Years
	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%.

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.

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