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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(%) 10 Year(%) MTD(%) QTD(%) YTD(%)
Price 1,444.43 -0.40 -1.86 -0.01 -2.23 -0.22 9.23 9.75 7.32 7.08 -2.33 -2.33 -2.33
NAV 1,371.49 -0.01 -0.38 0.02 -0.15 0.90 5.29 7.24 6.29 7.21 -0.63 -0.63 -0.63
Difference 0.39 1.49 0.03 2.08 1.12 -3.94 -2.51 -1.03 0.14 1.69 1.69 1.69
* 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 2.19 1.55 2.09 5.94 12.53 -0.29 1.67 -1.36 -0.01 1.53 -1.34 1.01 1.18 1.18 13.85
NAV 1.16 0.80 0.18 2.15 1.37 0.81 1.12 3.34 5.56 0.33 0.82 0.05 1.20 -0.07 -0.90 1.31 0.32 0.32 7.17
Difference -0.45 -1.17 -2.34 -4.07 -0.82 -0.73 -0.97 -2.60 -6.97 0.62 -0.85 1.42 1.21 -1.60 0.44 0.30 -0.86 -0.86 -6.68
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
2014 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2014
Price 1.43 2.29 -0.03 3.72 1.28 1.07 1.29 3.70 7.55 -2.46 1.32 -2.72 -3.87 0.84 -0.30 -2.11 -1.58 -5.39 1.75
NAV 1.44 1.46 0.45 3.39 0.70 1.18 0.84 2.75 6.23 -0.50 0.93 -1.40 -0.97 0.41 -0.12 -2.06 -1.78 -2.73 3.33
Difference 0.01 -0.82 0.49 -0.32 -0.58 0.11 -0.45 -0.95 -1.32 1.97 -0.38 1.32 2.90 -0.43 0.18 0.05 -0.20 2.66 1.58
2013 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2013
Price 4.65 1.00 0.73 6.47 1.37 -3.93 -2.53 -5.07 1.08 -0.94 -1.93 1.51 -1.39 2.05 -1.44 1.37 1.96 0.54 1.63
NAV 2.21 0.59 1.02 3.86 1.71 -0.32 -2.57 -1.22 2.59 1.63 -0.45 1.11 2.30 2.14 0.51 0.20 2.87 5.24 7.97
Difference -2.44 -0.41 0.29 -2.62 0.34 3.61 -0.04 3.85 1.52 2.57 1.49 -0.40 3.69 0.09 1.96 -1.17 0.91 4.70 6.34
2012 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2012
Price 5.44 2.34 0.07 7.99 1.65 -1.16 2.10 2.58 10.78 3.44 2.48 2.30 8.44 -1.18 -0.49 -0.18 -1.84 6.45 17.92
NAV 3.36 2.52 0.60 6.60 1.03 -1.23 1.58 1.35 8.04 2.38 1.85 2.09 6.46 1.05 0.66 1.12 2.86 9.51 18.31
Difference -2.08 0.17 0.53 -1.39 -0.63 -0.07 -0.53 -1.23 -2.74 -1.06 -0.62 -0.21 -1.98 2.23 1.15 1.30 4.70 3.06 0.39

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-1.57%
1Yr Disc
-0.55%
3Yr Disc
-3.17%
5Yr Disc
-3.21%
Rel Disc Range (3yr)
69.05%
Mkt Yield
7.43%
Lev Adj NAV Yield
5.67%
After Tax Yield*
5.68%
Est Tax Friction*
1.75%
3Yr NAV Volatiliy
9.91
1 Yr RoC
9.42%
3 Yr Dest RoC
1.37%
Leverage
29.22%
Non Lev Exp Ratio
1.45%
Beta (2yr)
0.54
Equity Exposure
1.48%
Bond Exposure
95.58%
# Holdings
62
Cash Weighted Duration
3.33
Comp NAV TR
0.06%
Comp Discount
0.28%
Net Assets (M)
556
Liquidity - 90d (K)
1,967
* 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


62 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.74 2.29 5.65 0.00 33.75 259 1,409
AIF Apollo Tactical Incm Fd Apollo 1.70 -5.41 6.48 0.00 33.77 241 900
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.58 -7.86 6.77 2.11 25.88 1,086 2,167
BGB Blackstone Stgc Cr Fd Blackstone 1.67 -6.06 5.81 0.00 36.53 649 2,515
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.59 -7.28 7.65 0.00 28.24 358 1,251
BGT BR Flt Rt Incm Fd BlackRock 1.68 4.13 5.49 17.76 32.18 304 1,381
BGX Blackstone Lng-Srt Cr Incm Fd Blackstone 1.66 -3.79 6.35 0.00 38.77 195 687
BHK BR Core Bnd Tr BlackRock 1.44 -5.01 6.30 0.00 32.61 808 1,731
BLW BR Ltd Dur Incm Tr BlackRock 1.52 -4.98 7.61 16.36 34.66 581 1,217
BSL Blackstone Sr Flt Rt Trm Fd Blackstone 1.55 -1.47 5.60 0.00 32.68 221 749
BTZ BR Cr Alloc Incm Tr BlackRock 1.53 -5.84 7.26 15.26 29.22 1,377 2,865
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.62 -0.88 8.01 0.00 23.39 178 1,059
DBL DbLin Opportunistic Cr Fd Doubleline 1.58 -1.08 7.19 0.73 12.65 286 903
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.64 -6.79 7.35 0.00 28.49 236 980
DHY CS Hi Yld Bnd Fd Credit Suisse 1.63 -3.19 7.65 0.00 23.73 260 683
DLY DbLin Yld Opp Fd Doubleline 1.62 -5.36 7.63 0.82 25.45 930 4,006
DSL DbLin Incm Solutions Fd Doubleline 1.59 -7.19 8.53 0.00 29.10 1,701 8,098
DSU BR Dbt Stgs Fd BlackRock 1.62 -1.64 6.35 17.03 31.48 542 1,558
EAD Allspring Incm Opp Fd Allspring 1.55 -4.36 8.53 3.52 25.60 542 1,492
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.68 0.64 4.09 1.72 33.39 221 554
EFR EV Sr Flt-Rt Tr Eaton Vance 1.59 -0.63 6.85 12.00 32.67 405 1,595
EFT EV Flt-Rt Incm Tr Eaton Vance 1.60 0.41 6.36 10.08 29.10 434 1,330
EHI WA Glbl Hi Incm Fd Franklin Templeton 1.59 -3.48 8.27 0.95 30.80 229 474
ERC Allspring Mlt-Sctr Incm Fd Allspring 1.53 -0.33 9.50 0.00 27.66 343 867
EVF EV Sr Incm Tr Eaton Vance 1.67 -1.88 5.82 7.80 33.80 127 296
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.71 -0.93 5.78 18.54 31.35 492 2,113
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 1.60 -3.11 9.14 2.65 27.15 744 1,646
GDO WA Glbl Corp Dfin Opp Fd Franklin Templeton 1.60 -2.13 7.13 13.00 28.97 259 600
HIO WA Hi Incm Opp Fd Franklin Templeton 1.54 -7.79 7.42 11.05 0.00 500 1,069
HIX WA Hi Incm Fd II Franklin Templeton 1.57 0.44 8.66 7.81 30.37 398 1,194
HNW Pioneer Divr Hi Incm Fd Pioneer 1.62 -1.13 8.85 0.00 32.70 126 390
HYB New Amrc Hi Incm Fd T. Rowe Price 1.59 -6.94 6.67 0.00 27.00 226 736
HYI WA Hi Yld Dfin Opp Fd Franklin Templeton 1.56 -2.81 7.62 15.21 0.00 347 923
HYT BR Corp Hi Yld Fd BlackRock 1.56 -1.61 8.06 17.14 30.52 1,441 3,943
IGI WA Inv Grd Dfin Opp Tr Franklin Templeton 1.53 -3.21 3.94 5.66 0.00 227 480
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.62 -0.65 5.74 0.00 26.00 223 465
ISD PGIM Hi Yld Bnd Fd Prudential 1.62 -6.46 8.05 13.71 24.00 556 1,530
IVH Ivy Hi Incm Opp Fd Ivy Investment 1.63 -6.86 6.12 0.00 26.32 244 856
JCO Nuv Cr Opp 2022 Tgt Trm Fd Nuveen 1.65 -0.25 5.04 0.00 0.00 226 833
JFR Nuv Flt Rt Incm Fd Nuveen 1.68 -1.15 6.73 8.26 36.36 595 2,373
JGH Nuv Glbl Hi Incm Fd Nuveen 1.61 -5.51 8.78 14.51 29.20 379 870
JHI JH Invstr Tr John Hancock 1.57 1.89 8.51 0.00 35.18 157 343
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.67 -1.25 6.74 8.94 36.42 420 1,980
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.68 -3.77 6.89 4.42 36.29 158 399
KIO KKR Incm Opp Fd KKR Credit 1.60 -1.86 7.70 0.00 32.84 339 1,064
MCI Barings Corp Invstr Barings 1.67 -5.75 6.04 0.00 8.07 342 357
NSL Nuv Sr Incm Fd Nuveen 1.70 -1.30 6.72 7.50 36.25 237 1,076
OCCI OFS Credit Company OFS Capital 1.66 -0.52 16.42 0.00 31.77 104 805
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.57 14.41 8.37 1.80 37.44 599 1,584
PDI PIMCO Dyn Incm Fd PIMCO 1.61 4.38 10.58 2.05 42.80 5,272 19,329
PDO PIMCO Dyn Incm Opp Fd PIMCO 1.61 -0.68 7.49 0.00 44.44 2,098 7,253
PFL PIMCO Incm Stgy Fd PIMCO 1.61 4.03 9.22 15.47 34.50 354 1,578
PFN PIMCO Incm Stgy Fd II PIMCO 1.62 3.34 9.28 12.42 33.75 701 2,913
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.61 3.14 7.88 0.00 35.88 114 443
PHD Pioneer Flt Rt Fd Pioneer 1.69 1.98 5.82 0.21 32.60 144 555
PHK PIMCO Hi Incm Fd PIMCO 1.66 7.73 9.40 12.07 34.62 765 3,029
PHT Pioneer Hi Incm Fd Pioneer 1.54 -3.72 8.27 0.00 31.90 275 855
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.62 15.45 8.87 13.58 46.02 1,226 8,899
RCS PIMCO Stgc Incm Fd PIMCO 1.60 9.03 9.39 15.72 43.45 267 913
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 1.66 -5.14 7.03 8.21 24.00 480 2,643
WDI WA Divr Incm Fd Franklin Templeton 1.67 -5.26 7.56 12.68 24.80 980 4,870
WEA WA Prmr Bnd Fd Franklin Templeton 1.55 -4.28 5.90 0.00 29.10 166 338

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 %