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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(%) 10 Year(%) MTD(%) QTD(%) YTD(%)
Price 1,209.25 -0.28 0.00 -4.51 1.34 4.55 -8.60 11.98 2.18 3.20 -6.01 1.24 1.24
NAV 1,233.15 -0.27 -0.24 -1.46 1.77 3.50 -5.78 10.33 2.41 4.13 -2.03 1.85 1.85
Difference 0.01 -0.24 3.05 0.43 -1.05 2.81 -1.65 0.24 0.93 3.97 0.61 0.61
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 - - - - - - - - - - - - - - - - -
NAV 4.51 -0.52 - - - - - - - - - - - - - - - - -
Difference -3.83 0.06 - - - - - - - - - - - - - - - - -
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
-7.67%
1Yr Disc
-6.01%
3Yr Disc
-4.53%
5Yr Disc
-4.63%
Rel Disc Range (3yr)
33.25%
Mkt Yield
10.88%
Lev Adj NAV Yield
7.74%
After Tax Yield*
8.27%
Est Tax Friction*
2.61%
3Yr NAV Volatiliy
10.02
1 Yr RoC
10.03%
3 Yr Dest RoC
2.23%
Leverage
29.83%
Non Lev Exp Ratio
1.91%
Beta (2yr)
0.53
Equity Exposure
5.68%
Bond Exposure
92.70%
# Holdings
60
Cash Weighted Duration
3.25
Comp NAV TR
-0.66%
Comp Discount
0.77%
Net Assets (M)
436
Liquidity - 90d (K)
1,772
* 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


60 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.67 -14.33 11.01 0.00 36.26 224 880
AIF Apollo Tactical Incm Fd Apollo 1.64 -14.90 12.39 0.00 36.91 201 764
ARDC Ares Dyn Cr Alloc Fd Ares 1.73 -10.86 10.77 0.00 35.25 308 1,409
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.74 -9.06 8.33 0.00 23.88 895 2,271
BGB Blackstone Stgc Cr 2027 Trm Fd Blackstone 1.66 -12.96 10.08 0.00 36.78 538 1,486
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.67 -12.59 10.08 0.00 27.15 289 850
BGT BR Flt Rt Incm Fd BlackRock 1.66 -12.61 11.94 0.00 22.95 278 959
BGX Blackstone Lng-Srt Cr Incm Fd Blackstone 1.65 -14.62 11.11 0.00 39.16 159 556
BLW BR Ltd Dur Incm Tr BlackRock 1.60 -7.05 9.40 12.69 35.51 481 1,209
BSL Blackstone Sr Flt Rt 2027 Trm Fd Blackstone 1.68 -10.86 10.38 0.00 31.80 182 651
CBH Virtus Convt & Incm 2024 Tgt Trm Virtus 1.67 -4.68 6.45 0.00 29.14 164 222
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.64 -14.86 8.49 0.00 31.29 181 817
DLY DbLin Yld Opp Fd Doubleline 1.69 -11.51 10.59 9.00 20.49 716 2,485
DSL DbLin Incm Solutions Fd Doubleline 1.66 -6.22 12.00 2.97 23.71 1,196 4,742
DSU BR Dbt Stgs Fd BlackRock 1.68 -11.74 11.26 1.70 19.69 488 1,335
EAD Allspring Incm Opp Fd Allspring 1.61 -12.61 9.93 0.00 31.00 417 1,025
ECC Eagle Point Cr Co Eagle Point 1.90 12.40 17.65 0.00 28.47 557 4,509
EFR EV Sr Flt-Rt Tr Eaton Vance 1.70 -10.61 11.01 7.57 35.30 363 872
EFT EV Flt-Rt Incm Tr Eaton Vance 1.70 -10.99 11.30 9.80 35.20 368 985
EHI WA Glbl Hi Incm Fd Franklin Templeton 1.78 0.14 11.12 5.22 36.59 164 468
EIC Eagle Point Incm Co Eagle Point 1.70 2.94 13.69 0.00 28.40 113 511
ERC Allspring Mlt-Sctr Incm Fd Allspring 1.53 -7.18 9.15 0.00 30.70 270 538
EVF EV Sr Incm Tr Eaton Vance 1.69 -11.58 12.07 3.10 35.00 105 328
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.67 -12.08 11.87 0.00 22.29 452 1,504
FTF FrkTmp Ltd Dur Incm Tr Franklin Templeton 1.64 -13.64 11.86 20.38 32.68 284 982
GDO WA Glbl Corp Dfin Opp Fd Franklin Templeton 1.59 -4.92 9.96 43.22 33.96 191 501
HIO WA Hi Incm Opp Fd Franklin Templeton 1.60 -10.02 9.55 6.11 0.00 398 1,226
HIX WA Hi Incm Fd II Franklin Templeton 1.64 1.50 12.41 4.57 34.50 304 966
HNW Pioneer Divr Hi Incm Fd Amundi Asset Mgmt 1.65 -13.88 10.88 9.43 29.70 96 237
HYB New Amrc Hi Incm Fd T. Rowe Price 1.63 -15.69 7.44 0.00 31.00 179 485
HYI WA Hi Yld Dfin Opp Fd Franklin Templeton 1.58 -3.11 9.59 4.93 0.00 276 733
IGI WA Inv Grd Dfin Opp Tr Franklin Templeton 1.71 -2.78 4.75 0.00 0.00 187 485
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.59 -5.64 5.45 0.00 28.00 197 345
IHTA Invsc Hi Incm 2024 Tgt Trm Fd Invesco 1.48 -9.23 5.52 0.00 27.00 69 134
INSI Insight Sel Incm Fd Cutwater 1.71 -10.14 4.59 0.00 0.00 187 312
ISD PGIM Hi Yld Bnd Fd Prudential 1.65 -13.10 10.80 15.28 21.26 447 1,346
JFR Nuv Flt Rt Incm Fd Nuveen 1.71 -10.32 11.06 9.65 38.63 513 1,890
JHI JH Invstr Tr John Hancock 1.60 -9.52 6.33 0.00 41.03 118 234
JHS JH Incm Sec Tr John Hancock 1.69 -9.24 3.34 0.00 39.03 140 323
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.68 -12.23 11.36 10.68 38.48 361 1,275
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.63 -13.11 11.55 9.46 38.61 134 462
KIO KKR Incm Opp Fd KKR Credit 1.59 -14.22 13.97 0.00 39.97 330 2,862
MCI Barings Corp Invstr Barings 1.68 -14.54 8.01 0.00 11.92 332 323
NSL Nuv Sr Incm Fd Nuveen 1.67 -12.95 11.42 12.11 38.22 203 720
OCCI OFS Credit Company OFS Capital 1.94 -6.91 24.36 0.00 40.45 92 677
OXLC Oxford Lane Cap Corp Oxford Lane 1.71 1.79 17.58 0.00 36.40 799 5,451
PAXS PIMCO Access Incm Fd PIMCO 1.66 -5.18 12.39 0.00 44.99 671 3,185
PDI PIMCO Dyn Incm Fd PIMCO 1.65 3.88 14.75 0.00 40.66 4,368 22,874
PDO PIMCO Dyn Incm Opp Fd PIMCO 1.68 -2.09 12.15 0.00 44.74 1,426 7,057
PHD Pioneer Flt Rt Fd Amundi Asset Mgmt 1.64 -13.08 12.25 0.00 31.80 122 712
PHT Pioneer Hi Incm Fd Amundi Asset Mgmt 1.66 -13.65 10.70 3.90 31.70 219 704
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.73 12.90 11.64 0.00 35.20 1,469 7,172
RCS PIMCO Stgc Incm Fd PIMCO 1.84 23.45 11.40 2.83 36.39 197 733
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 1.65 -13.40 8.91 16.42 17.08 414 876
VBF Invsc Bnd Fd Invesco 1.65 -3.34 4.88 1.85 0.00 184 532
VVR Invsc Sr Incm Tr Invesco 1.59 -9.45 12.86 21.34 32.61 615 3,445
WDI WA Divr Incm Fd Franklin Templeton 1.72 -12.59 11.95 0.00 33.02 773 1,977
WEA WA Prmr Bnd Fd Franklin Templeton 1.55 -10.47 7.98 0.00 30.44 131 456
XFLT XAI Octgn Flt Rt & Alt Incm Trm XA Investments 1.67 0.00 13.99 0.00 40.56 223 1,123
ACP abrdn Incm Cr Stgs Fd abrdn 1.64 -5.66 18.46 0.00 33.50 359 1,420

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 %