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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 1,563.94 0.16 0.19 2.47 8.04 10.13 20.26 2.64 5.34 5.70 2.22 2.22 11.06
NAV 1,461.84 0.13 0.21 1.03 3.49 5.51 13.10 2.42 4.35 4.87 0.80 0.80 5.62
Difference -0.04 0.02 -1.44 -4.56 -4.62 -7.16 -0.22 -0.99 -0.82 -1.41 -1.41 -5.44
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2024 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2024
Price 2.60 1.59 1.51 5.80 -1.12 2.69 1.14 2.69 8.65 - - - - - - - - - -
NAV 1.00 0.83 1.11 2.97 -0.41 1.36 0.80 1.75 4.77 - - - - - - - - - -
Difference -1.59 -0.76 -0.40 -2.83 0.71 -1.33 -0.33 -0.94 -3.88 - - - - - - - - - -
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 8.34 -0.59 -3.66 3.76 1.40 -1.45 3.43 3.36 7.25 3.05 0.11 -1.24 1.89 -2.76 6.19 4.47 7.88 9.92 17.89
NAV 4.51 -0.52 -0.37 3.58 1.23 -0.96 1.82 2.08 5.73 1.75 0.69 -0.22 2.23 -1.21 3.50 3.44 5.76 8.12 14.31
Difference -3.83 0.06 3.29 -0.19 -0.17 0.49 -1.61 -1.28 -1.52 -1.31 0.58 1.02 0.33 1.55 -2.69 -1.04 -2.12 -1.80 -3.57
2022 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2022
Price -4.12 -3.50 -1.22 -8.60 -4.26 -2.49 -5.80 -12.06 -19.62 6.15 -1.04 -8.91 -4.31 2.79 6.72 -4.26 5.02 0.49 -19.23
NAV -1.47 -1.58 -0.93 -3.93 -2.49 -2.25 -6.57 -10.95 -14.45 4.29 -0.17 -4.72 -0.80 1.33 2.45 -0.44 3.36 2.54 -12.28
Difference 2.65 1.91 0.29 4.67 1.78 0.23 -0.78 1.11 5.17 -1.86 0.87 4.19 3.52 -1.46 -4.27 3.83 -1.65 2.05 6.95
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 1.17 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 1.53 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 0.35 -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
-0.88%
1Yr Disc
-5.10%
3Yr Disc
-5.56%
5Yr Disc
-5.54%
Rel Disc Range (3yr)
64.57%
Mkt Yield
10.37%
Lev Adj NAV Yield
8.07%
After Tax Yield*
7.88%
Est Tax Friction*
2.49%
3Yr NAV Volatiliy
6.68
1 Yr RoC
7.54%
3 Yr Dest RoC
5.47%
Leverage
28.65%
Non Lev Exp Ratio
1.99%
Beta (2yr)
0.59
Equity Exposure
6.98%
Bond Exposure
91.10%
# Holdings
51
Cash Weighted Duration
2.73
Comp NAV TR
1.33%
Comp Discount
0.79%
Net Assets (M)
389
Liquidity - 90d (K)
1,811
* 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


51 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.96 0.81 11.31 0.00 35.77 229 1,463
AIF Apollo Tactical Incm Fd Apollo 1.96 2.33 11.58 0.00 36.07 211 1,279
ARDC Ares Dyn Cr Alloc Fd Ares 1.92 0.27 9.48 0.00 37.02 340 1,438
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.93 -6.07 7.46 0.00 17.23 967 1,906
BANX ArrowMark Fin Corp ArrowMark 1.99 -11.49 9.42 0.00 25.85 153 374
BGB Blackstone Stgc Cr 2027 Trm Fd Blackstone 1.94 -6.45 10.07 0.00 36.94 574 1,839
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 2.01 -6.18 8.44 0.00 26.69 321 915
BGT BR Flt Rt Incm Fd BlackRock 1.98 3.78 10.96 11.53 24.39 288 1,243
BGX Blackstone Lng-Srt Cr Incm Fd Blackstone 1.96 -4.72 9.91 0.00 31.83 170 634
BLW BR Ltd Dur Incm Tr BlackRock 1.94 0.36 9.64 9.53 36.77 502 1,197
BSL Blackstone Sr Flt Rt 2027 Trm Fd Blackstone 1.93 -5.11 9.70 0.00 31.89 193 658
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.98 2.00 8.82 4.30 24.90 160 643
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.99 -8.09 8.40 0.00 28.66 198 726
DHY CS Hi Yld Bnd Fd Credit Suisse 1.99 -4.98 8.86 2.76 26.33 229 674
DLY DbLin Yld Opp Fd Doubleline 1.95 -0.74 8.71 1.45 19.34 776 1,933
DMO WA Mortg Opp Fd Franklin Templeton 1.98 -0.49 12.80 4.70 45.28 139 634
DSL DbLin Incm Solutions Fd Doubleline 1.94 0.63 10.41 7.49 21.77 1,331 4,754
DSU BR Dbt Stgs Fd BlackRock 1.95 2.52 10.78 11.67 21.36 506 1,458
EAD Allspring Incm Opp Fd Allspring 2.00 -6.95 9.15 0.00 30.80 434 1,054
ECC Eagle Point Cr Co Eagle Point 1.92 14.74 16.73 0.00 24.43 775 8,475
EFR EV Sr Flt-Rt Tr Eaton Vance 1.93 1.23 11.04 0.99 34.00 379 1,258
EFT EV Flt-Rt Incm Tr Eaton Vance 1.93 1.88 10.47 0.00 37.00 348 1,105
EIC Eagle Point Incm Co Eagle Point 1.94 4.79 15.03 0.00 30.40 211 2,043
ERC Allspring Mlt-Sctr Incm Fd Allspring 1.98 -8.18 8.59 0.00 30.00 281 845
EVF EV Sr Incm Tr Eaton Vance 1.92 3.43 11.55 5.24 35.50 97 425
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.94 -3.19 8.66 13.28 37.69 152 286
FCT FT Sr Flt Rt Incm Fd II First Trust 1.95 -6.87 11.45 12.33 10.95 284 1,480
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.99 2.68 11.10 12.19 24.23 459 1,801
HIO WA Hi Incm Opp Fd Franklin Templeton 1.99 -6.24 10.90 15.81 0.00 397 1,619
HNW Pioneer Divr Hi Incm Fd Amundi Asset Mgmt 1.97 -5.95 9.74 3.07 29.60 106 252
HYB New Amrc Hi Incm Fd T. Rowe Price 1.96 -10.11 6.43 0.00 31.00 194 329
JFR Nuv Flt Rt Incm Fd Nuveen 1.97 -4.97 11.60 2.07 38.03 1,240 4,484
JLS Nuv Mortg Opp Trm Fd Nuveen 1.96 -6.12 10.09 1.37 24.58 106 324
JQC Nuv Cr Stgs Incm Fd Nuveen 1.95 -4.92 11.57 6.89 38.20 799 3,076
KIO KKR Incm Opp Fd KKR Credit 1.96 4.24 10.40 0.00 35.27 365 1,541
MCI Barings Corp Invstr Barings 1.93 8.56 8.32 0.00 9.03 350 520
MPV Barings Partcp Invstr Barings 1.91 3.46 8.76 0.00 9.56 168 275
OCCI OFS Credit Company OFS Capital 2.07 8.06 16.20 0.00 32.78 115 1,230
OXLC Oxford Lane Cap Corp Oxford Lane 2.00 11.64 19.08 0.00 29.00 1,212 21,088
PAXS PIMCO Access Incm Fd PIMCO 1.88 2.20 11.67 17.20 43.35 663 2,100
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.97 0.66 10.78 12.35 17.83 87 359
PHD Pioneer Flt Rt Fd Amundi Asset Mgmt 1.98 -3.95 11.13 0.00 31.90 128 592
PHT Pioneer Hi Incm Fd Amundi Asset Mgmt 1.97 -6.52 8.53 0.59 31.30 243 667
RCS PIMCO Stgc Incm Fd PIMCO 2.03 47.29 9.40 3.65 36.33 204 731
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 1.95 -10.95 8.30 21.67 22.47 433 1,240
VBF Invsc Bnd Fd Invesco 1.95 -0.31 5.25 1.08 0.00 187 560
WDI WA Divr Incm Fd Franklin Templeton 2.01 -4.73 11.94 0.00 31.48 811 3,659
WEA WA Prmr Bnd Fd Franklin Templeton 1.98 -5.03 7.81 0.00 31.22 134 353
WIA WA Inf-Lnk Incm Fd Franklin Templeton 1.95 -13.25 7.39 0.00 39.30 218 252
WIW WA Inf-Lnk Opp & Incm Fd Franklin Templeton 1.95 -13.86 8.40 0.00 37.80 614 1,351
XFLT XAI Octgn Flt Rt & Alt Incm Tr XA Investments 1.93 3.24 14.55 5.79 38.52 430 3,036

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.

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Class E Units       8% PIK             8.00 %   11/6/2021     4,055,099       4,055,099       4,055,099       2.32 %