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 1,474.74 -0.31 -0.31 0.03 2.34 7.85 23.52 9.33 9.19 -0.47 0.90 13.54
NAV 1,380.37 -0.03 -0.00 1.42 2.14 5.38 15.07 7.08 7.52 0.39 1.54 7.18
Difference 0.28 0.31 1.40 -0.21 -2.47 -8.46 -2.25 -1.67 0.86 0.64 -6.36
* 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 2.09 5.94 12.53 -0.29 1.67 - - - - - - - -
NAV 1.16 0.80 0.18 2.15 1.37 0.81 1.12 3.34 5.56 0.33 0.82 - - - - - - - -
Difference -0.45 -1.17 -2.34 -4.07 -0.82 -0.73 -0.97 -2.60 -6.97 0.62 -0.85 - - - - - - - -
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
0.57%
1Yr Disc
-2.40%
3Yr Disc
-3.65%
5Yr Disc
-3.37%
Rel Disc Range (3yr)
80.38%
Mkt Yield
7.07%
Lev Adj NAV Yield
5.52%
After Tax Yield*
5.37%
Est Tax Friction*
1.70%
3Yr NAV Volatiliy
9.59
1 Yr RoC
7.45%
3 Yr Dest RoC
0.86%
Leverage
28.88%
Non Lev Exp Ratio
1.37%
Beta (2yr)
0.52
Equity Exposure
1.73%
Bond Exposure
95.49%
# Holdings
65
Cash Weighted Duration
3.97
Comp NAV TR
1.48%
Comp Discount
0.42%
Net Assets (M)
522
Liquidity - 90d (K)
1,829
* 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


65 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.55 -5.27 6.44 0.00 33.41 260 1,032
AIF Apollo Tactical Incm Fd Apollo 1.56 -6.00 6.82 0.00 33.29 244 987
ARDC Ares Dyn Cr Alloc Fd Ares 1.58 -1.31 7.08 0.00 29.01 384 1,164
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.53 -5.58 6.36 6.33 27.32 1,128 2,056
BGB Blackstone Stgc Cr Fd Blackstone 1.55 -4.95 6.16 0.00 36.25 659 1,865
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.56 -4.93 7.38 0.00 28.51 362 1,147
BGX Blackstone Lng-Srt Cr Incm Fd Blackstone 1.53 -3.98 6.66 0.00 37.80 198 718
BHK BR Core Bnd Tr BlackRock 1.58 4.51 5.29 0.00 34.02 874 2,115
BLW BR Ltd Dur Incm Tr BlackRock 1.56 1.24 6.85 14.41 34.59 606 1,282
BRW Saba Cap Incm & Opp Fd Saba Capital 1.50 -6.94 8.68 17.99 0.00 417 1,205
BSL Blackstone Sr Flt Rt Trm Fd Blackstone 1.56 -0.36 5.67 0.00 32.72 224 746
BTZ BR Cr Alloc Incm Tr BlackRock 1.54 -0.89 6.49 15.67 28.68 1,464 3,196
BWG BwGlobal Glbl Incm Opp Fd Franklin Templeton 1.55 -7.56 7.62 23.87 34.06 229 648
CBH Virtus AG Convt & Incm 2024 Tgt Trm Virtus 1.53 -1.24 5.33 0.00 26.43 192 258
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.53 0.29 7.74 0.00 21.55 182 4,903
DBL DbLin Opportunistic Cr Fd Doubleline 1.52 1.65 6.68 0.00 14.04 291 656
DCF BYN A Glbl Cr Incm 2024 Tgt Trm BNY Mellon 1.51 0.00 6.36 0.00 29.03 141 242
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.39 -1.20 7.87 0.00 28.28 241 1,647
DHY CS Hi Yld Bnd Fd Credit Suisse 1.55 -1.95 7.38 0.31 22.20 266 2,967
DLY DbLin Yld Opp Fd Doubleline 1.50 -4.04 7.19 0.24 22.96 973 1,715
EAD WF Incm Opp Fd Wells Fargo 1.59 -2.38 7.92 0.00 25.70 559 1,713
EFR EV Sr Flt-Rt Tr Eaton Vance 1.57 -0.28 6.79 4.25 36.20 411 1,735
EFT EV Flt-Rt Incm Tr Eaton Vance 1.62 3.48 6.13 2.67 35.80 437 2,066
EHI WA Glbl Hi Incm Fd Franklin Templeton 1.51 -3.99 7.76 3.52 30.10 245 403
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.65 5.69 8.46 0.00 27.60 360 1,451
EVF EV Sr Incm Tr Eaton Vance 1.58 0.29 5.49 0.00 34.97 128 408
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 1.59 -1.48 8.70 0.00 25.77 768 1,960
GDO WA Glbl Corp Dfin Opp Fd Franklin Templeton 1.54 -0.54 6.54 13.35 28.40 278 398
GHY PGIM Glbl Hi Yld Fd Prudential 1.53 -5.78 7.97 6.17 27.40 686 2,345
HIO WA Hi Incm Opp Fd Franklin Templeton 1.56 -3.81 6.79 12.39 0.00 524 1,074
HIX WA Hi Incm Fd II Franklin Templeton 1.61 2.62 7.91 8.92 29.25 425 803
HNW Pioneer Divr Hi Incm Fd Pioneer 1.60 -0.57 8.41 0.00 32.30 132 880
HYB New Amrc Hi Incm Fd T. Rowe Price 1.59 -5.37 6.30 0.00 26.00 235 593
HYI WA Hi Yld Dfin Opp Fd Franklin Templeton 1.58 -0.25 7.11 13.29 0.00 362 994
HYT BR Corp Hi Yld Fd BlackRock 1.55 0.82 7.56 14.57 30.71 1,496 3,813
IGI WA Inv Grd Dfin Opp Tr Franklin Templeton 1.60 4.18 3.48 3.41 0.00 238 556
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.54 3.51 5.43 1.72 26.00 226 403
ISD PGIM Hi Yld Bnd Fd Prudential 1.56 -4.80 7.66 12.94 25.00 575 1,991
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.53 -6.62 6.02 0.00 25.90 248 816
JFR Nuv Flt Rt Incm Fd Nuveen 1.55 -4.94 6.96 2.79 36.47 599 3,024
JGH Nuv Glbl Hi Incm Fd Nuveen 1.54 -5.98 8.45 9.16 28.73 396 946
JHI JH Invstr Tr John Hancock 1.53 0.53 7.78 0.00 34.39 164 425
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.58 -4.89 6.96 4.05 36.52 423 2,103
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.56 -4.25 6.87 0.35 36.38 159 603
KIO KKR Incm Opp Fd KKR Credit 1.52 -2.72 7.67 0.00 36.56 344 882
MCI Barings Corp Invstr Barings 1.61 -1.74 6.08 0.00 8.43 326 318
NSL Nuv Sr Incm Fd Nuveen 1.54 -5.17 6.95 2.59 36.35 239 2,461
PAI WA Inv Grd Incm Fd Franklin Templeton 1.60 1.18 3.43 0.06 0.00 153 332
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.48 3.45 9.82 1.71 45.01 3,152 10,388
PCM PCM Fund PIMCO 1.51 20.27 8.34 0.00 43.76 112 332
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.54 26.89 7.26 0.00 43.07 613 1,522
PDI PIMCO Dyn Incm Fd PIMCO 1.44 5.40 9.96 0.00 43.07 1,797 8,376
PDO PIMCO Dyn Incm Opp Fd PIMCO 1.40 2.39 6.76 0.00 47.51 2,234 5,168
PFL PIMCO Incm Stgy Fd PIMCO 1.43 10.03 8.32 8.07 38.69 366 1,529
PFN PIMCO Incm Stgy Fd II PIMCO 1.43 6.79 8.56 4.32 39.31 725 3,656
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.60 7.00 7.23 0.00 37.06 119 324
PHK PIMCO Hi Incm Fd PIMCO 1.46 7.90 8.97 0.00 41.02 797 2,893
PHT Pioneer Hi Incm Fd Pioneer 1.63 5.78 8.49 0.00 30.70 283 1,138
PKO PIMCO Incm Opp Fd PIMCO 1.45 4.15 9.18 1.39 41.45 506 1,683
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.50 32.06 7.48 7.59 46.73 1,272 11,232
RCS PIMCO Stgc Incm Fd PIMCO 1.54 15.98 8.11 4.01 45.82 289 880
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 1.46 -5.53 6.90 7.46 12.60 491 1,314
TSI TCW Stgc Incm Fd TCW 1.50 -3.19 3.81 0.00 0.00 285 485
VVR Invsc Sr Incm Tr Invesco 1.52 -6.40 5.74 15.97 24.00 718 3,407
WEA WA Prmr Bnd Fd Franklin Templeton 1.51 -2.57 5.49 0.00 28.60 176 339

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 %