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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 1,294.52 0.01 0.62 3.16 6.28 7.36 18.47 8.34 8.49 1.52 1.52 1.52
NAV 1,232.82 0.03 0.28 1.79 3.97 4.34 11.17 6.79 6.78 0.95 0.95 0.95
Difference 0.01 -0.35 -1.37 -2.31 -3.02 -7.30 -1.55 -1.71 -0.57 -0.57 -0.57
* 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 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
-1.59%
1Yr Disc
-4.01%
3Yr Disc
-4.11%
5Yr Disc
-5.02%
Rel Disc Range (3yr)
70.48%
Mkt Yield
7.31%
Lev Adj NAV Yield
5.64%
After Tax Yield*
5.54%
Est Tax Friction*
1.77%
3Yr NAV Volatiliy
3.92
1 Yr RoC
2.84%
3 Yr Dest RoC
0.44%
Leverage
28.47%
Non Lev Exp Ratio
1.37%
Beta (2yr)
0.15
Equity Exposure
1.16%
Bond Exposure
96.46%
# Holdings
84
Cash Weighted Duration
3.31
Comp NAV TR
0.36%
Comp Discount
0.66%
Net Assets (M)
505
Liquidity - 90d (K)
1,776
* 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 1.19 -9.74 7.49 0.00 35.27 266 961
AIF Apollo Tactical Incm Fd Apollo 1.21 -9.31 7.79 0.00 34.76 246 848
ARDC Ares Dyn Cr Alloc Fd Ares 1.21 -8.87 8.21 0.00 30.10 395 1,463
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.19 -8.27 6.39 0.00 38.27 1,157 2,876
BGB B/GSO Stgc Cr Fd GSO / Blackstone 1.20 -5.30 8.59 0.00 37.24 691 2,875
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.23 -2.25 9.28 0.00 29.12 374 1,614
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.17 -0.61 6.14 0.39 20.14 218 390
BGT BR Flt Rt Incm Fd BlackRock 1.21 -7.88 7.00 0.00 28.48 326 1,137
BGX B/GSO Lng-Srt Cr Incm Fd GSO / Blackstone 1.20 -0.81 8.68 0.00 39.23 204 1,024
BHK BR Core Bnd Tr BlackRock 1.19 -5.23 5.52 11.97 24.62 836 2,041
BLW BR Ltd Dur Incm Tr BlackRock 1.18 -3.78 7.12 0.00 25.69 616 2,374
BSL B/GSO Sr Flt Rt Trm Fd GSO / Blackstone 1.18 -2.40 7.45 0.00 33.11 255 913
BTZ BR Cr Alloc Incm Tr BlackRock 1.21 -5.49 7.05 7.99 26.91 1,569 5,720
BWG BwGlobal Glbl Incm Opp Fd Legg Mason 1.20 -10.76 6.53 9.89 32.59 302 949
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.20 -5.71 8.18 1.92 27.18 183 460
DBL DbLin Opportunistic Cr Fd Doubleline 1.19 1.56 6.32 8.65 19.50 307 991
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.20 -7.35 8.19 0.00 31.26 247 857
DHY CS Hi Yld Bnd Fd Credit Suisse 1.17 -4.23 7.95 11.86 27.87 269 953
DSL DbLin Incm Solutions Fd Doubleline 1.19 0.85 8.96 3.20 30.83 2,025 6,532
DSU BR Dbt Stgs Fd BlackRock 1.20 -7.94 7.50 5.35 30.10 610 2,190
EAD WF Incm Opp Fd Wells Fargo 1.20 -5.96 8.33 3.33 29.18 553 1,795
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.18 -7.34 6.36 0.00 36.30 132 268
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.21 0.00 5.64 0.00 36.10 226 889
EFR EV Sr Flt-Rt Tr Eaton Vance 1.20 -7.02 7.31 0.00 35.46 546 2,569
EFT EV Flt-Rt Incm Tr Eaton Vance 1.21 -7.53 7.21 0.00 35.50 603 2,368
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.17 0.50 4.40 0.00 10.40 215 537
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.18 -3.90 9.25 0.00 29.45 408 1,197
EVF EV Sr Incm Tr Eaton Vance 1.21 -7.50 6.97 0.00 35.90 268 784
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.18 -8.40 6.66 0.00 42.19 264 482
EVV EV Ltd Dur Incm Fd Eaton Vance 1.18 -8.34 9.02 7.73 35.15 1,685 4,259
FCT FT Sr Flt Rt Incm Fd II First Trust 1.20 -9.12 7.88 4.29 28.06 369 1,100
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.19 -4.43 3.60 0.00 25.86 348 950
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.19 -7.71 6.99 0.00 28.99 526 2,940
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.17 -2.83 6.66 18.99 26.47 280 606
GGM Gghm Cr Alloc Fd Guggenheim Funds 1.19 3.71 10.81 14.03 25.30 161 785
GHY PGIM Glbl Hi Yld Fd Prudential 1.20 -9.42 8.29 0.00 25.37 686 1,928
HIO WA Hi Incm Opp Fd Legg Mason 1.19 -8.72 7.49 1.84 0.00 719 2,155
HIX WA Hi Incm Fd II Legg Mason 1.20 -8.63 8.46 8.86 29.45 641 3,036
HYB New Amrc Hi Incm Fd T. Rowe Price 1.18 -8.94 7.20 0.00 28.00 235 759
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.17 -6.12 7.21 0.00 0.00 379 1,336
HYT BR Corp Hi Yld Fd BlackRock 1.19 -5.58 8.24 3.58 29.29 1,464 6,264
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.13 3.51 4.15 0.61 0.00 232 474
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.17 1.25 5.68 0.00 24.00 251 476
INSI Insight Sel Incm Fd Cutwater 1.18 -6.26 4.62 0.00 0.00 229 442
ISD PGIM Hi Yld Bnd Fd Prudential 1.19 -8.36 8.09 0.00 24.39 565 2,304
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.19 -8.08 8.58 0.00 31.32 252 919
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.17 3.82 5.61 0.00 29.22 268 560
JFR Nuv Flt Rt Incm Fd Nuveen 1.17 -7.69 7.23 0.00 37.78 630 3,544
JGH Nuv Glbl Hi Incm Fd Nuveen 1.20 -8.59 7.33 0.00 29.41 423 1,060
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.17 0.20 4.98 0.00 25.63 558 859
JHI JH Invstr Tr John Hancock 1.18 -5.49 7.39 0.00 35.19 163 265
JHS JH Incm Sec Tr John Hancock 1.16 -5.20 5.95 0.00 33.49 181 278
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.17 -0.31 1.96 0.00 28.46 155 403
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.18 -8.67 7.25 0.00 37.16 444 2,356
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.19 -8.67 7.14 0.00 38.83 170 811
KIO KKR Incm Opp Fd KKR Credit 1.18 -2.10 9.45 0.00 31.01 330 1,378
MCI Barings Corp Invstr Barings 1.13 6.65 7.33 0.00 8.83 310 334
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.18 -5.07 8.79 23.04 32.59 254 556
NSL Nuv Sr Incm Fd Nuveen 1.19 -8.64 7.26 0.00 38.28 255 2,986
OCCI OFS Credit Company OFS Capital 1.30 14.82 11.86 0.00 30.21 46 348
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.18 9.08 8.31 0.00 43.94 3,222 11,039
PCM PCM Fund PIMCO 1.19 14.26 8.32 1.00 39.29 117 311
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.23 32.57 6.85 0.00 23.18 591 1,994
PDI PIMCO Dyn Incm Fd PIMCO 1.19 20.04 8.08 0.00 38.64 1,579 5,765
PFL PIMCO Incm Stgy Fd PIMCO 1.20 9.97 8.99 6.96 23.38 322 1,171
PFN PIMCO Incm Stgy Fd II PIMCO 1.20 9.15 8.94 0.00 23.89 670 2,248
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.23 24.35 9.08 5.80 33.04 109 606
PHD Pioneer Flt Rt Tr Pioneer 1.19 -8.62 6.81 0.00 32.30 298 869
PHK PIMCO Hi Incm Fd PIMCO 1.19 21.25 9.70 6.07 26.00 824 4,055
PHT Pioneer Hi Incm Tr Pioneer 1.21 -6.23 8.40 0.00 30.00 301 1,011
PKO PIMCO Incm Opp Fd PIMCO 1.19 14.94 8.12 0.00 34.29 439 1,736
PPR Voya Prime Rt Tr Voya 1.20 -6.95 5.49 0.00 27.41 808 2,880
PPT Putnam Prmr Incm Tr Putnam 1.22 0.36 7.62 13.76 6.63 567 1,384
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.20 31.46 8.05 2.18 33.69 1,299 5,458
RCS PIMCO Stgc Incm Fd PIMCO 1.18 30.76 8.04 11.49 42.79 305 1,124
TLI WA Corp Ln Fd Legg Mason 1.18 -8.97 7.60 1.37 32.10 109 349
TSI TCW Stgc Incm Fd TCW 1.23 1.91 7.04 0.00 0.00 274 821
TSLF THL Cr Sr Ln Fd THL Credit 1.19 -10.01 7.93 0.00 27.75 126 502
VLT Invsc Hi Incm Tr II Invesco 1.20 -7.47 7.91 16.50 27.00 103 513
VTA Invsc Dyn Cr Opp Fd Invesco 1.20 -9.33 7.79 17.52 32.00 803 4,171
VVR Invsc Sr Incm Tr Invesco 1.18 -9.87 6.71 5.63 29.00 728 4,815
WEA WA Prmr Bnd Fd Legg Mason 1.18 -1.62 5.44 0.00 27.10 176 409
WIA WA Inf-Lnk Incm Fd Legg Mason 1.19 -9.85 3.37 3.89 31.20 397 494
WIW WA Inf-Lnk Opp & Incm Fd Legg Mason 1.19 -11.70 3.72 0.00 30.70 805 1,397

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 %