CEF Advisors

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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 1,314.51 -0.10 0.37 1.21 6.53 9.47 16.58 8.18 8.40 1.56 3.09 3.09
NAV 1,239.33 0.04 0.01 0.38 4.35 4.95 9.86 6.60 6.53 0.63 1.49 1.49
Difference 0.14 -0.36 -0.83 -2.18 -4.52 -6.72 -1.59 -1.86 -0.93 -1.60 -1.60
* 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 - - - - - - - - - - - - - - - - - 1.53
NAV 0.86 - - - - - - - - - - - - - - - - - 0.86
Difference -0.65 - - - - - - - - - - - - - - - - - -0.67
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
-0.61%
1Yr Disc
-3.56%
3Yr Disc
-4.09%
5Yr Disc
-4.96%
Rel Disc Range (3yr)
76.53%
Mkt Yield
7.22%
Lev Adj NAV Yield
5.63%
After Tax Yield*
5.48%
Est Tax Friction*
1.74%
3Yr NAV Volatiliy
3.93
1 Yr RoC
3.10%
3 Yr Dest RoC
0.56%
Leverage
28.36%
Non Lev Exp Ratio
1.36%
Beta (2yr)
0.14
Equity Exposure
1.16%
Bond Exposure
96.39%
# Holdings
84
Cash Weighted Duration
3.24
Comp NAV TR
0.51%
Comp Discount
0.80%
Net Assets (M)
506
Liquidity - 90d (K)
1,944
* 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


84 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.20 -7.68 7.37 0.00 35.27 264 1,025
AIF Apollo Tactical Incm Fd Apollo 1.22 -6.79 7.60 0.00 34.76 245 909
ARDC Ares Dyn Cr Alloc Fd Ares 1.20 -7.20 8.13 0.00 30.10 392 1,467
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.20 -6.92 6.28 0.00 38.07 1,159 3,372
BGB B/GSO Stgc Cr Fd GSO / Blackstone 1.20 -3.96 8.51 0.00 37.24 689 2,585
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.21 -1.20 9.32 0.00 28.35 368 1,729
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.17 0.10 6.05 0.39 19.62 219 416
BGT BR Flt Rt Incm Fd BlackRock 1.18 -7.24 7.01 0.00 28.16 323 989
BGX B/GSO Lng-Srt Cr Incm Fd GSO / Blackstone 1.21 1.88 8.49 0.00 39.23 203 980
BHK BR Core Bnd Tr BlackRock 1.24 -3.12 5.22 17.19 24.38 865 2,103
BLW BR Ltd Dur Incm Tr BlackRock 1.17 -3.73 7.13 0.52 28.35 615 2,493
BSL B/GSO Sr Flt Rt Trm Fd GSO / Blackstone 1.17 -1.87 7.44 0.00 33.11 253 1,020
BTZ BR Cr Alloc Incm Tr BlackRock 1.22 -4.99 6.87 13.91 27.10 1,442 6,603
BWG BwGlobal Glbl Incm Opp Fd Legg Mason 1.24 -7.80 6.23 6.27 32.59 307 981
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.22 -2.87 7.96 2.17 27.18 183 512
DBL DbLin Opportunistic Cr Fd Doubleline 1.18 0.38 6.30 7.66 19.50 311 1,150
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.20 -5.92 8.11 0.00 31.26 246 2,007
DHY CS Hi Yld Bnd Fd Credit Suisse 1.17 -3.09 7.89 11.08 27.87 268 1,683
DSL DbLin Incm Solutions Fd Doubleline 1.19 0.85 8.90 3.31 30.83 2,037 7,239
DSU BR Dbt Stgs Fd BlackRock 1.18 -6.93 7.48 10.37 29.87 606 1,813
EAD WF Incm Opp Fd Wells Fargo 1.19 -4.79 8.36 2.21 29.18 548 1,848
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.17 -5.74 6.34 0.00 35.58 130 246
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.20 0.95 5.63 0.00 36.10 225 865
EFR EV Sr Flt-Rt Tr Eaton Vance 1.17 -7.15 7.40 0.00 35.46 541 2,609
EFT EV Flt-Rt Incm Tr Eaton Vance 1.19 -6.74 7.21 0.00 35.08 598 2,291
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.15 -0.30 3.60 0.00 10.40 215 593
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.20 -0.60 9.06 0.00 29.45 405 1,418
EVF EV Sr Incm Tr Eaton Vance 1.19 -6.70 6.97 0.00 35.90 265 847
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.17 -7.40 6.60 0.00 42.19 263 509
EVV EV Ltd Dur Incm Fd Eaton Vance 1.19 -6.70 8.89 10.44 35.15 1,681 4,456
FCT FT Sr Flt Rt Incm Fd II First Trust 1.17 -8.11 7.88 5.99 26.88 365 1,062
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.17 -3.74 2.95 0.00 21.61 345 970
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.17 -7.22 7.01 1.43 28.56 522 2,806
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.17 -2.03 6.60 18.84 26.47 280 650
GGM Gghm Cr Alloc Fd Guggenheim Funds 1.20 6.00 10.62 14.86 19.21 166 863
GHY PGIM Glbl Hi Yld Fd Prudential 1.18 -9.03 8.28 0.00 25.08 685 2,221
HIO WA Hi Incm Opp Fd Legg Mason 1.20 -6.43 7.44 2.84 0.00 717 2,948
HIX WA Hi Incm Fd II Legg Mason 1.21 -6.40 8.38 11.72 29.45 639 3,823
HYB New Amrc Hi Incm Fd T. Rowe Price 1.19 -7.15 7.06 0.00 28.00 235 933
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.18 -3.74 7.11 0.00 0.00 377 1,404
HYT BR Corp Hi Yld Fd BlackRock 1.20 -3.58 8.08 8.82 30.45 1,463 6,143
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.11 0.64 3.90 0.62 0.00 235 483
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.18 1.23 5.61 0.00 24.00 254 444
INSI Insight Sel Incm Fd Cutwater 1.21 -4.47 4.43 0.00 0.00 235 590
ISD PGIM Hi Yld Bnd Fd Prudential 1.19 -6.98 8.02 0.00 24.16 562 2,094
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.18 -6.48 8.48 0.00 30.90 251 1,046
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.14 2.07 5.71 0.00 29.22 268 612
JFR Nuv Flt Rt Incm Fd Nuveen 1.16 -6.31 7.21 0.00 37.78 622 3,336
JGH Nuv Glbl Hi Incm Fd Nuveen 1.19 -7.59 7.29 0.00 29.41 421 1,043
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.15 -0.10 5.01 0.00 25.63 557 869
JHI JH Invstr Tr John Hancock 1.19 -3.48 7.16 0.00 35.06 165 293
JHS JH Incm Sec Tr John Hancock 1.19 -3.78 5.75 0.00 33.68 185 319
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.15 -0.82 1.98 0.00 28.46 155 497
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.17 -7.48 7.25 0.00 37.16 439 3,769
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.19 -6.62 7.07 0.00 38.83 168 840
KIO KKR Incm Opp Fd KKR Credit 1.20 0.56 9.23 0.00 31.01 329 1,632
MCI Barings Corp Invstr Barings 1.17 10.24 7.14 0.00 8.83 308 343
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.19 -2.32 8.59 24.94 32.59 253 649
NSL Nuv Sr Incm Fd Nuveen 1.19 -6.75 7.20 0.00 38.28 252 4,684
OCCI OFS Credit Company OFS Capital 1.26 9.55 12.68 0.00 30.21 46 433
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.18 9.09 8.21 0.00 44.67 3,288 11,513
PCM PCM Fund PIMCO 1.23 18.42 7.99 1.00 40.78 118 362
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.23 33.78 6.72 0.00 27.35 597 1,769
PDI PIMCO Dyn Incm Fd PIMCO 1.19 19.69 8.00 0.00 40.24 1,613 5,698
PFL PIMCO Incm Stgy Fd PIMCO 1.22 11.75 8.74 5.87 22.63 331 1,177
PFN PIMCO Incm Stgy Fd II PIMCO 1.21 9.99 8.81 0.00 22.71 682 2,363
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.22 24.06 9.03 4.56 32.99 110 710
PHD Pioneer Flt Rt Tr Pioneer 1.18 -6.99 6.71 0.00 32.10 297 702
PHK PIMCO Hi Incm Fd PIMCO 1.19 20.63 9.68 2.70 29.94 830 3,909
PHT Pioneer Hi Incm Tr Pioneer 1.21 -3.51 8.17 0.00 29.60 300 1,223
PKO PIMCO Incm Opp Fd PIMCO 1.21 15.71 7.94 0.00 32.93 453 1,684
PPR Voya Prime Rt Tr Voya 1.19 -5.17 5.35 0.00 27.46 801 3,147
PPT Putnam Prmr Incm Tr Putnam 1.20 2.39 7.54 15.98 6.57 562 1,557
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.21 31.48 7.93 1.96 32.33 1,318 6,435
RCS PIMCO Stgc Incm Fd PIMCO 1.17 30.19 8.07 9.09 42.50 305 1,189
TLI WA Corp Ln Fd Legg Mason 1.20 -5.09 7.72 2.13 32.10 107 354
TSI TCW Stgc Incm Fd TCW 1.22 2.41 6.93 0.00 0.00 278 849
TSLF THL Cr Sr Ln Fd THL Credit 1.19 -7.78 7.80 0.00 27.75 125 525
VLT Invsc Hi Incm Tr II Invesco 1.18 -7.35 7.98 16.50 29.00 102 592
VTA Invsc Dyn Cr Opp Fd Invesco 1.17 -10.20 7.86 17.62 35.00 803 4,283
VVR Invsc Sr Incm Tr Invesco 1.17 -9.07 6.68 6.85 34.00 725 5,887
WEA WA Prmr Bnd Fd Legg Mason 1.17 -0.87 5.37 0.00 27.10 177 421
WIA WA Inf-Lnk Incm Fd Legg Mason 1.21 -6.84 3.27 0.00 31.00 396 656
WIW WA Inf-Lnk Opp & Incm Fd Legg Mason 1.20 -8.56 3.61 0.00 31.00 801 1,673

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 %