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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 1,398.92 0.15 0.74 2.46 6.98 16.69 35.56 8.26 10.12 1.40 1.40 7.70
NAV 1,325.85 0.00 0.04 1.00 2.38 9.92 27.48 6.24 8.45 0.79 0.79 2.95
Difference -0.15 -0.70 -1.47 -4.60 -6.77 -8.07 -2.02 -1.66 -0.61 -0.61 -4.75
* 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 - - - - - - - - - - - - - - -
NAV 1.16 0.80 0.18 2.15 - - - - - - - - - - - - - - -
Difference -0.45 -1.17 -2.34 -4.07 - - - - - - - - - - - - - - -
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
-0.92%
1Yr Disc
-5.38%
3Yr Disc
-4.47%
5Yr Disc
-4.01%
Rel Disc Range (3yr)
83.42%
Mkt Yield
6.98%
Lev Adj NAV Yield
5.42%
After Tax Yield*
5.29%
Est Tax Friction*
1.69%
3Yr NAV Volatiliy
9.34
1 Yr RoC
7.68%
3 Yr Dest RoC
0.83%
Leverage
27.76%
Non Lev Exp Ratio
1.49%
Beta (2yr)
0.49
Equity Exposure
1.22%
Bond Exposure
96.21%
# Holdings
70
Cash Weighted Duration
3.71
Comp NAV TR
-0.28%
Comp Discount
0.53%
Net Assets (M)
491
Liquidity - 90d (K)
1,980
* 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


70 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.45 -8.24 6.30 0.00 32.08 259 992
AIF Apollo Tactical Incm Fd Apollo 1.45 -8.45 6.13 0.00 31.54 241 641
ARDC Ares Dyn Cr Alloc Fd Ares 1.42 -7.49 7.70 0.00 30.12 376 1,455
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.42 -6.93 6.57 0.00 40.87 1,108 2,216
BGB Blackstone Stgc Cr Fd Blackstone 1.41 -8.62 6.38 0.00 36.09 653 1,702
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.44 -6.88 7.74 0.00 30.62 353 1,053
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.44 1.52 6.40 15.18 7.97 205 470
BGX Blackstone Lng-Srt Cr Incm Fd Blackstone 1.43 -7.07 6.79 0.00 38.08 196 760
BHK BR Core Bnd Tr BlackRock 1.41 -1.38 5.71 0.14 32.23 857 2,337
BLW BR Ltd Dur Incm Tr BlackRock 1.43 -0.94 6.95 18.28 32.91 610 1,625
BSL Blackstone Sr Flt Rt Trm Fd Blackstone 1.45 -2.32 5.48 0.00 32.98 222 1,051
BTZ BR Cr Alloc Incm Tr BlackRock 1.41 -4.68 6.86 19.10 29.41 1,439 3,134
BWG BwGlobal Glbl Incm Opp Fd Franklin Templeton 1.44 -11.21 7.87 0.00 33.10 231 717
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.43 -2.01 7.89 0.00 25.64 183 4,102
DBL DbLin Opportunistic Cr Fd Doubleline 1.42 1.43 6.64 0.00 18.74 293 862
DCF BYN A Glbl Cr Incm 2024 Tgt Trm BNY Mellon 1.42 1.07 6.37 0.00 29.02 139 381
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.43 -5.76 8.30 0.00 28.74 240 6,519
DHY CS Hi Yld Bnd Fd Credit Suisse 1.42 -6.20 7.69 0.00 28.03 267 7,073
DSL DbLin Incm Solutions Fd Doubleline 1.41 -1.04 7.27 5.87 27.42 1,870 6,669
EAD WF Incm Opp Fd Wells Fargo 1.44 -5.62 7.82 1.59 26.20 550 1,524
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.43 -0.48 4.29 9.22 35.60 126 738
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.46 4.95 4.18 0.00 34.32 220 601
EFR EV Sr Flt-Rt Tr Eaton Vance 1.43 -2.30 5.56 0.00 38.40 529 1,757
EFT EV Flt-Rt Incm Tr Eaton Vance 1.42 -2.74 5.16 0.00 37.90 581 1,628
EHI WA Glbl Hi Incm Fd Franklin Templeton 1.40 -2.17 7.77 3.84 30.40 240 450
EHT EV 2021 Tgt Trm Tr Eaton Vance 1.41 -0.41 3.42 0.00 0.00 212 649
ERC WF Mlt-Sctr Incm Fd Wells Fargo 1.42 -2.27 8.79 0.00 27.50 358 972
EVF EV Sr Incm Tr Eaton Vance 1.42 -2.48 6.10 0.00 38.90 260 534
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.41 -2.18 1.63 0.00 26.88 345 781
FSLF First Eagle Sr Ln Fd THL Credit 1.43 -8.37 5.77 0.00 28.30 118 436
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 1.42 -6.03 7.19 0.00 28.15 779 2,420
GDO WA Glbl Corp Dfin Opp Fd Franklin Templeton 1.43 -4.11 6.83 11.85 27.79 276 680
GHY PGIM Glbl Hi Yld Fd Prudential 1.43 -8.11 8.29 4.33 27.40 676 1,790
HIO WA Hi Incm Opp Fd Franklin Templeton 1.44 -5.50 6.99 12.08 0.00 518 1,365
HIX WA Hi Incm Fd II Franklin Templeton 1.44 -1.69 8.40 6.15 28.80 418 1,009
HNW Pioneer Divr Hi Incm Tr Pioneer 1.44 -4.35 8.83 0.00 32.10 130 479
HYB New Amrc Hi Incm Fd T. Rowe Price 1.45 -6.04 6.42 0.00 27.00 232 731
HYI WA Hi Yld Dfin Opp Fd Franklin Templeton 1.42 -2.77 7.34 7.33 0.00 360 714
HYT BR Corp Hi Yld Fd BlackRock 1.43 -1.98 7.88 15.00 29.55 1,476 4,379
IGI WA Inv Grd Dfin Opp Tr Franklin Templeton 1.40 -0.98 3.76 1.63 0.00 232 503
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.42 1.97 6.42 0.00 27.00 220 792
ISD PGIM Hi Yld Bnd Fd Prudential 1.43 -6.84 7.90 10.51 24.11 569 1,604
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.42 -9.32 7.00 0.00 25.98 251 760
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.45 2.87 6.57 0.00 26.70 232 515
JFR Nuv Flt Rt Incm Fd Nuveen 1.42 -6.46 7.18 0.00 35.56 590 6,064
JGH Nuv Glbl Hi Incm Fd Nuveen 1.45 -7.08 8.61 0.00 28.64 393 792
JHB Nuv Corp Incm Nov 2021 Tgt Trm Nuveen 1.42 -0.74 2.61 0.00 0.00 531 1,391
JHS JH Incm Sec Tr John Hancock 1.38 -3.77 5.14 0.00 33.24 185 247
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.42 -6.82 7.21 0.00 35.55 416 3,167
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.44 -8.04 7.26 0.00 35.48 157 424
KIO KKR Incm Opp Fd KKR Credit 1.41 -5.04 7.96 1.36 36.53 339 1,297
MCI Barings Corp Invstr Barings 1.47 -3.19 6.59 0.00 8.96 305 383
NSL Nuv Sr Incm Fd Nuveen 1.43 -7.38 7.22 0.00 35.52 236 5,142
OCCI OFS Credit Company OFS Capital 1.43 5.68 14.25 0.00 32.63 46 809
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.46 13.02 9.15 1.38 43.61 3,039 12,083
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.44 22.94 7.66 0.41 32.67 586 1,353
PDI PIMCO Dyn Incm Fd PIMCO 1.47 17.99 9.11 0.00 40.09 1,711 9,779
PFL PIMCO Incm Stgy Fd PIMCO 1.42 13.43 9.01 4.53 33.77 359 1,527
PFN PIMCO Incm Stgy Fd II PIMCO 1.43 10.81 9.28 3.17 33.31 708 2,655
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.47 9.34 7.53 0.00 24.27 111 447
PHK PIMCO Hi Incm Fd PIMCO 1.43 14.94 8.51 0.00 34.15 786 3,047
PHT Pioneer Hi Incm Tr Pioneer 1.47 1.04 8.91 0.00 30.60 282 835
PKO PIMCO Incm Opp Fd PIMCO 1.46 15.69 8.45 0.00 45.00 485 1,815
PPR Voya Prime Rt Tr Voya 1.41 -6.07 2.84 0.58 3.60 600 1,856
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.45 31.47 8.37 4.79 41.26 1,248 6,755
RCS PIMCO Stgc Incm Fd PIMCO 1.44 13.76 8.23 0.00 22.66 290 1,089
TSI TCW Stgc Incm Fd TCW 1.41 -4.24 3.89 0.00 0.00 282 754
VLT Invsc Hi Incm Tr II Invesco 1.42 -6.17 8.27 18.66 24.00 97 260
VTA Invsc Dyn Cr Opp Fd Invesco 1.42 -5.37 7.86 16.98 28.00 762 2,497
WEA WA Prmr Bnd Fd Franklin Templeton 1.40 -4.47 5.70 0.00 27.90 173 372

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 %