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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 1,200.79 -0.03 0.70 -0.58 2.33 5.65 6.52 7.65 6.19 -0.99 0.29 14.98
NAV 1,180.88 0.03 0.29 -0.20 1.89 4.49 5.44 7.22 5.33 -0.68 0.07 9.52
Difference 0.06 -0.41 0.38 -0.44 -1.16 -1.08 -0.43 -0.85 0.31 -0.23 -5.46
* 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 - - - - - - - - 15.97
NAV 4.07 1.63 0.67 6.47 1.70 -0.41 1.67 2.98 9.45 0.75 - - - - - - - - 10.20
Difference -3.10 -1.12 0.18 -4.18 -0.76 0.58 -0.87 -1.05 -5.23 -0.54 - - - - - - - - -5.77
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
-5.21%
1Yr Disc
-6.62%
3Yr Disc
-5.55%
5Yr Disc
-6.60%
Rel Disc Range (3yr)
55.08%
Mkt Yield
7.26%
Lev Adj NAV Yield
5.39%
After Tax Yield*
5.48%
Est Tax Friction*
1.78%
3Yr NAV Volatiliy
3.83
1 Yr RoC
1.59%
3 Yr Dest RoC
0.19%
Leverage
27.74%
Non Lev Exp Ratio
1.32%
Beta (2yr)
0.14
Equity Exposure
0.93%
Bond Exposure
97.39%
# Holdings
84
Cash Weighted Duration
3.23
Comp NAV TR
0.26%
Comp Discount
-0.69%
Net Assets (M)
485
Liquidity - 90d (K)
1,352
* 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 1.17 -12.91 8.24 0.00 34.92 261 724
AIF Apollo Tactical Incm Fd Apollo 1.20 -11.00 8.11 0.00 34.27 241 701
ARDC Ares Dyn Cr Alloc Fd Ares 1.19 -10.78 8.57 0.00 30.46 387 1,173
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.20 -10.46 6.70 10.95 41.62 1,130 1,851
BGB B/GSO Stgc Cr Fd GSO / Blackstone 1.17 -6.96 9.56 0.00 37.17 687 2,057
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.21 -2.59 10.07 0.00 29.05 364 1,149
BGIO 2022 Glbl Incm Opp Tr BlackRock 1.19 -3.29 6.38 0.40 22.62 215 334
BGT BR Flt Rt Incm Fd BlackRock 1.18 -12.55 6.54 0.00 27.88 325 703
BGX B/GSO Lng-Srt Cr Incm Fd GSO / Blackstone 1.23 2.53 9.04 0.00 38.98 201 1,022
BHK BR Core Bnd Tr BlackRock 1.23 -7.38 4.95 5.33 24.43 847 1,808
BIT BR Mlt-Sctr Incm Tr BlackRock 1.17 -6.67 8.20 11.11 37.13 687 1,949
BLW BR Ltd Dur Incm Tr BlackRock 1.22 -9.90 6.24 0.00 25.68 608 1,328
BSL B/GSO Sr Flt Rt Trm Fd GSO / Blackstone 1.17 0.12 8.03 0.00 33.08 253 788
BTZ BR Cr Alloc Incm Tr BlackRock 1.25 -8.93 5.93 0.00 30.75 1,547 3,542
CBH AG Convt & Incm 2024 Tgt Trm Allianz 1.20 -4.54 5.96 0.00 28.03 177 373
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.21 -9.01 8.63 0.33 31.45 180 430
DBL DbLin Opportunistic Cr Fd Doubleline 1.18 -0.86 6.39 12.62 20.98 311 1,282
DCF BYN A Glbl Cr Incm 2024 Tgt Trm BNY Mellon 1.19 1.42 6.98 0.00 30.03 137 247
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.21 -6.95 8.38 0.00 31.56 241 454
DHY CS Hi Yld Bnd Fd Credit Suisse 1.24 -0.39 8.94 18.81 29.74 265 620
DSL DbLin Incm Solutions Fd Doubleline 1.19 2.74 9.07 2.34 30.34 1,959 8,043
DSU BR Dbt Stgs Fd BlackRock 1.19 -11.93 7.68 0.80 29.28 604 1,302
EAD WF Incm Opp Fd Wells Fargo 1.19 -8.73 8.69 8.83 28.66 563 1,509
EFF EV Flt-Rt Inc+ Fd Eaton Vance 1.21 -11.03 6.49 0.00 35.80 130 619
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.19 -2.54 6.00 0.00 35.60 223 514
EFR EV Sr Flt-Rt Tr Eaton Vance 1.17 -12.58 7.09 0.00 34.50 542 1,566
EFT EV Flt-Rt Incm Tr Eaton Vance 1.16 -12.89 6.96 0.00 34.10 600 1,143
EHT EV Hi Incm 2021 Tgt Trm Tr Eaton Vance 1.19 0.30 4.44 0.00 19.50 214 667
EVF EV Sr Incm Tr Eaton Vance 1.17 -13.00 6.70 0.00 34.50 265 666
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.16 -9.75 6.85 0.00 45.40 260 449
EVV EV Ltd Dur Incm Fd Eaton Vance 1.18 -13.73 6.75 0.00 35.23 1,675 3,489
FCT FT Sr Flt Rt Incm Fd II First Trust 1.17 -13.47 7.50 0.00 30.26 363 926
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 1.20 -5.40 4.07 0.00 27.03 338 658
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.17 -13.41 6.66 0.00 28.70 526 1,540
GDO WA Glbl Corp Dfin Opp Fd Legg Mason 1.21 -5.19 6.99 11.74 25.90 273 537
GGM Gghm Cr Alloc Fd Guggenheim Funds 1.15 2.78 10.92 7.53 25.15 150 592
GHY PGIM Glbl Hi Yld Fd Prudential 1.17 -13.08 8.52 2.27 29.45 663 1,460
HIO WA Hi Incm Opp Fd Legg Mason 1.18 -7.51 7.13 0.00 0.00 699 1,278
HIX WA Hi Incm Fd II Legg Mason 1.14 -8.26 8.47 4.41 28.90 618 1,560
HNW Pioneer Divr Hi Incm Tr Pioneer 1.19 -11.07 8.02 0.00 31.40 133 242
HYB New Amrc Hi Incm Fd T. Rowe Price 1.17 -11.53 7.61 0.00 28.40 229 676
HYI WA Hi Yld Dfin Opp Fd Legg Mason 1.23 -5.27 7.11 0.00 0.00 367 1,041
HYT BR Corp Hi Yld Fd BlackRock 1.17 -10.74 8.25 0.00 26.44 1,430 3,679
IGI WA Inv Grd Dfin Opp Tr Legg Mason 1.23 1.27 4.76 0.00 0.00 229 578
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.19 -1.23 5.75 0.00 24.00 254 514
INSI Insight Sel Incm Fd Cutwater 1.21 -7.24 4.00 0.00 0.00 231 335
ISD PGIM Hi Yld Bnd Fd Prudential 1.17 -13.49 8.39 0.00 24.53 550 1,520
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.19 -10.74 8.92 0.00 30.61 250 957
JCO Nuveen Cr Opp 2022 Tgt Trm Fd Nuveen 1.21 0.52 5.85 0.00 29.05 266 451
JFR Nuv Flt Rt Incm Fd Nuveen 1.17 -12.21 7.72 0.00 37.66 620 1,398
JGH Nuv Glbl Hi Incm Fd Nuveen 1.18 -13.10 8.10 1.97 29.86 403 1,050
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 1.20 0.10 5.00 0.00 27.04 556 956
JHD Nuv Hi Incm Dec 2019 Tgt Trm Fd Nuveen 1.20 -0.90 3.95 0.00 0.00 270 783
JHI JH Invstr Tr John Hancock 1.25 -6.16 7.23 0.00 35.41 160 338
JHS JH Incm Sec Tr John Hancock 1.21 -6.46 4.11 0.00 33.79 182 274
JHY Nuv Hi Incm 2020 Tgt Trm Fd Nuveen 1.23 3.59 4.15 0.00 28.39 154 306
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.17 -12.30 7.91 0.00 37.20 438 1,119
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.16 -8.30 8.15 0.00 38.56 168 505
KIO KKR Incm Opp Fd KKR Credit 1.16 -4.39 9.84 0.00 29.85 324 1,566
MCI Barings Corp Invstr Barings 1.27 7.78 7.28 0.00 8.87 308 293
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.20 -7.43 9.27 8.93 33.40 247 688
NSL Nuv Sr Incm Fd Nuveen 1.16 -11.83 7.84 0.00 38.15 251 572
OCCI OFS Credit Company OFS Capital 1.11 -12.72 12.12 0.00 29.62 47 291
PAI WA Inv Grd Incm Fd Legg Mason 1.23 -1.10 4.52 0.00 0.00 146 349
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 1.22 6.11 8.65 0.00 44.71 3,134 13,040
PCM PCM Fund PIMCO 1.17 9.45 8.73 0.00 39.78 117 373
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.22 19.59 7.76 0.00 22.93 577 1,716
PDI PIMCO Dyn Incm Fd PIMCO 1.20 17.68 8.26 0.00 41.51 1,544 6,357
PFL PIMCO Incm Stgy Fd PIMCO 1.17 7.21 9.43 13.10 27.63 296 983
PFN PIMCO Incm Stgy Fd II PIMCO 1.17 7.18 9.32 0.00 25.84 613 2,083
PHD Pioneer Flt Rt Tr Pioneer 1.16 -13.22 7.23 0.00 31.90 296 699
PHT Pioneer Hi Incm Tr Pioneer 1.21 -7.40 8.86 0.00 30.40 289 1,018
PKO PIMCO Incm Opp Fd PIMCO 1.17 9.81 8.63 0.00 33.35 402 1,309
PPR Voya Prime Rt Tr Voya 1.18 -13.86 7.08 0.00 26.91 800 1,487
PPT Putnam Prmr Incm Tr Putnam 1.23 -2.05 8.00 3.41 17.08 554 1,289
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.19 25.97 8.74 2.13 37.51 1,248 5,374
TLI WA Corp Ln Fd Legg Mason 1.18 -13.62 8.05 0.00 31.93 108 282
TSI TCW Stgc Incm Fd TCW 1.18 -3.75 5.84 0.00 0.00 280 775
TSLF THL Cr Sr Ln Fd THL Credit 1.15 -13.73 8.28 0.00 25.31 126 501
VBF Invsc Bnd Fd Invesco 1.28 -3.57 3.96 2.05 0.00 236 653
VVR Invsc Sr Incm Tr Invesco 1.15 -11.86 6.63 0.00 31.00 850 1,950
WEA WA Prmr Bnd Fd Legg Mason 1.21 -4.09 5.73 0.00 27.10 172 458
WIA WA Inf-Lnk Incm Fd Legg Mason 1.19 -12.45 3.55 3.89 30.96 389 744
WIW WA Inf-Lnk Opp & Incm Fd Legg Mason 1.19 -13.14 3.87 0.00 30.33 787 821

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 %