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 1,190.60 -0.05 0.18 1.27 3.56 18.34 7.19 9.48 5.81 1.97 3.45 14.10
NAV 1,175.04 -0.01 0.55 1.17 2.94 9.36 6.21 8.74 5.31 1.24 2.54 9.01
Difference 0.04 0.37 -0.10 -0.62 -8.99 -0.98 -0.74 -0.51 -0.73 -0.91 -5.09
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 - - - - - - - - - - - - 12.13
NAV 4.07 1.63 0.67 6.47 1.70 -0.41 - - - - - - - - - - - - 7.77
Difference -3.10 -1.12 0.18 -4.18 -0.76 0.58 - - - - - - - - - - - - -4.36
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
-5.20%
1Yr Disc
-6.54%
3Yr Disc
-5.57%
5Yr Disc
-6.58%
Rel Disc Range (3yr)
53.13%
Mkt Yield
7.24%
Lev Adj NAV Yield
5.39%
After Tax Yield*
5.46%
Est Tax Friction*
1.78%
3Yr NAV Volatiliy
4.17
1 Yr RoC
1.81%
3 Yr Dest RoC
0.23%
Leverage
27.94%
Non Lev Exp Ratio
1.35%
Beta (2yr)
0.15
Equity Exposure
2.07%
Bond Exposure
96.29%
# Holdings
87
Cash Weighted Duration
3.19
Comp NAV TR
0.20%
Comp Discount
-0.60%
Net Assets (M)
487
Liquidity - 90d (K)
1,302
* 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


87 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo Credit 1.12 -12.66 8.12 0.00 34.57 263 791
AIF Apollo Tactical Incm Fd Apollo Credit 1.13 -12.51 8.17 0.00 34.11 243 691
ARDC Ares Dyn Cr Alloc Fd Ares 1.14 -12.36 8.58 0.00 28.20 394 1,148
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.15 -10.41 6.67 0.00 41.27 1,135 2,201
BGB B/GSO Stgc Cr Fd Blackstone 1.15 -7.11 9.43 0.00 37.17 698 2,257
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.13 -3.56 9.94 0.00 28.60 372 1,248
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.15 -4.13 6.47 0.00 21.86 214 607
BGT BR Flt Rt Incm Fd BlackRock 1.13 -12.94 6.06 0.00 28.70 326 887
BGX B/GSO Lng-Srt Cr Incm Fd Blackstone 1.15 -2.81 9.40 0.00 38.98 203 962
BHK BR Core Bnd Tr BlackRock 1.16 -6.32 5.60 3.57 24.23 802 1,507
BIT BR Mlt-Sctr Incm Tr BlackRock 1.18 -7.06 8.06 2.72 35.66 702 2,035
BKT BR Incm Tr BlackRock 1.15 -5.16 6.81 20.58 31.33 408 825
BLW BR Ltd Dur Incm Tr BlackRock 1.15 -11.13 6.36 0.00 24.56 608 1,286
BSL B/GSO Sr Flt Rt Trm Fd Blackstone 1.15 0.36 7.93 0.00 33.08 256 1,085
BTZ BR Cr Alloc Incm Tr BlackRock 1.17 -10.82 6.21 0.00 30.18 1,507 2,994
CBH AG Convt & Incm 2024 Tgt Trm Allianz 1.15 -6.13 6.01 1.67 28.41 179 438
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.12 -10.17 8.74 0.33 31.45 180 454
DCF BYN A Glbl Cr Incm 2024 Tgt Trm BNY Mellon 1.16 -3.41 7.15 0.00 30.18 140 280
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.13 -9.23 8.46 0.00 31.71 244 503
DHY CS Hi Yld Bnd Fd Credit Suisse 1.14 -2.72 9.12 13.16 35.54 266 624
DSL DbLin Incm Solutions Fd Doubleline 1.15 0.05 8.86 2.53 29.10 2,058 5,771
DSU BR Dbt Stgs Fd BlackRock 1.13 -11.81 7.65 4.99 30.79 609 1,637
DUC D&P Util & Corp Bnd Tr Duff & Phelps 1.14 -7.61 4.81 25.50 29.00 260 262
EAD WF Incm Opp Fd Wells Fargo 1.17 -9.77 8.72 0.00 28.80 575 1,624
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.13 -13.34 6.69 0.00 35.80 131 319
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.15 -2.00 5.92 0.00 36.60 225 515
EFR EV Sr Flt-Rt Tr Eaton Vance 1.14 -11.13 6.92 0.00 35.50 546 1,489
EFT EV Flt-Rt Incm Tr Eaton Vance 1.15 -11.34 6.78 0.00 35.00 605 1,590
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.16 -0.30 4.93 0.00 22.50 215 487
EVF EV Sr Incm Tr Eaton Vance 1.12 -13.31 6.67 0.00 35.00 267 763
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.16 -9.53 6.73 0.00 45.00 264 477
EVV EV Ltd Dur Incm Fd Eaton Vance 1.14 -12.59 6.61 0.00 35.30 1,689 3,006
FCT FT Sr Flt Rt Incm Fd II First Trust 1.14 -12.86 6.66 0.00 30.34 365 876
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.14 -6.74 4.45 0.00 29.93 340 738
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.15 -11.79 6.52 0.00 29.26 530 2,037
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.16 -7.86 7.18 9.21 26.51 274 509
GGM Gghm Cr Alloc Fd Guggenheim 1.16 4.59 10.48 3.73 24.32 147 626
GHY PGIM Glbl Hi Yld Fd Prudential 1.15 -13.84 8.42 2.79 29.55 677 1,554
HIO WA Hi Incm Opp Fd Legg Mason 1.18 -8.84 7.01 0.51 0.00 709 1,328
HIX WA Hi Incm Fd II Legg Mason 1.21 -6.99 8.06 6.43 29.48 634 1,270
HNW Pioneer Divr Hi Incm Tr Pioneer 1.13 -11.43 7.96 0.00 31.20 135 360
HYB New Amrc Hi Incm Fd T. Rowe Price 1.15 -10.57 7.58 0.00 29.00 228 423
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.16 -7.60 7.03 0.00 0.00 374 1,095
HYT BR Corp Hi Yld Fd BlackRock 1.17 -9.34 8.09 0.00 28.52 1,436 3,779
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.20 3.24 4.78 0.00 0.00 224 541
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.13 -1.33 5.80 0.00 25.00 252 478
IHTA Invsc Hi Incm 2024 Tgt Trm Fd Invesco 1.15 -2.50 5.52 1.65 25.00 91 184
INSI Insight Sel Incm Fd Cutwater 1.17 -4.95 4.01 0.00 0.00 225 326
ISD PGIM Hi Yld Bnd Fd Prudential 1.15 -13.30 8.29 0.00 24.49 555 1,419
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.13 -12.21 8.88 0.00 30.86 255 860
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.15 1.03 5.74 0.00 29.20 269 362
JFR Nuv Flt Rt Incm Fd Nuveen 1.15 -11.62 7.58 0.00 37.70 627 1,614
JGH Nuv Glbl Hi Incm Fd Nuveen 1.15 -13.31 7.99 2.94 30.74 409 811
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.13 -1.40 5.06 0.00 27.31 558 799
JHD Nuv Hi Incm Dec 2019 Tgt Trm Fd Nuveen 1.12 -1.50 3.96 0.00 0.00 270 662
JHI JH Invstr Tr John Hancock 1.14 -10.30 7.68 0.00 35.97 157 338
JHS JH Incm Sec Tr John Hancock 1.11 -6.89 4.24 0.00 34.14 177 278
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.11 -0.10 4.29 0.00 28.59 155 285
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.14 -11.96 7.78 0.00 37.16 444 1,446
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.12 -9.17 8.09 0.00 38.49 171 470
KIO KKR Incm Opp Fd KKR Credit 1.16 -4.00 9.46 0.00 31.16 336 1,581
MCI Barings Corp Invstr Barings 1.14 4.00 7.69 0.00 9.04 302 348
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.18 -7.71 9.16 1.79 33.60 251 785
NSL Nuv Sr Incm Fd Nuveen 1.14 -11.53 7.72 0.00 38.16 254 779
OXLC Oxford Lane Cap Corp Oxford Lane 1.18 22.48 15.90 0.00 34.08 354 5,644
PAI WA Inv Grd Incm Fd Legg Mason 1.13 -1.53 4.66 0.00 0.00 143 293
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.19 4.21 8.04 0.00 45.89 3,233 8,882
PCM PCM Fund PIMCO 1.16 11.61 8.47 0.00 39.91 118 247
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.19 21.66 7.49 0.52 23.97 587 1,497
PDI PIMCO Dyn Incm Fd PIMCO 1.16 16.61 8.05 0.00 41.34 1,596 5,106
PFL PIMCO Incm Stgy Fd PIMCO 1.18 8.42 9.11 14.38 25.61 296 986
PFN PIMCO Incm Stgy Fd II PIMCO 1.17 7.83 9.05 0.00 24.48 615 2,048
PHD Pioneer Flt Rt Tr Pioneer 1.13 -12.80 7.15 0.00 31.70 298 814
PHT Pioneer Hi Incm Tr Pioneer 1.17 -7.48 8.73 0.00 29.90 293 925
PIM Putnam Mstr Imd Incm Tr Putnam 1.14 -5.00 7.89 18.89 8.00 255 624
PKO PIMCO Incm Opp Fd PIMCO 1.14 8.49 8.49 0.00 33.99 404 1,189
PPR Voya Prime Rt Tr Voya 1.12 -12.98 6.93 0.00 28.09 808 1,292
PPT Putnam Prmr Incm Tr Putnam 1.14 -3.54 8.12 0.00 17.14 554 1,209
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.22 28.68 8.30 2.63 37.97 1,274 5,297
TLI WA Corp Ln Fd Legg Mason 1.14 -12.69 7.91 0.53 32.01 109 284
TSI TCW Stgc Incm Fd TCW 1.17 -3.23 5.79 1.98 0.00 281 722
TSLF THL Cr Sr Ln Fd THL Credit 1.11 -12.90 8.01 0.00 25.31 129 447
VBF Invsc Bnd Fd Invesco 1.15 -5.70 4.33 2.31 0.00 228 550
VVR Invsc Sr Incm Tr Invesco 1.15 -9.43 5.83 7.63 32.00 859 2,691
WEA WA Prmr Bnd Fd Legg Mason 1.20 -3.08 5.71 0.00 27.39 170 440
WIA WA Inf-Lnk Incm Fd Western Asset 1.14 -13.68 3.63 3.89 30.90 386 522
WIW WA Inf-Lnk Opp & Incm Fd Western Asset 1.16 -13.33 3.88 0.00 29.90 785 931

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, 2017. 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 2017. 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 %