About the Index
(1) US Equity, Non-US Equity and Specialty Equity groupings according to CEFdata.com with monthly or quarterly distributions. (2) Removing Preferred Equity, MLP Funds and Single Country Funds. (3) Funds with Market Yield of 6% or more. (4) Leverage Adjusted NAV Yield under 10%. (5) 1 Year Trailing Return of Capital dividend classification over 20%. (6) 1 Year Trailing Income + Short Term Capital Gains under 65%. (7) 90-day average trade dollar $ liquidity over $250K. (8) Removing funds with US / Non US Equity over 10% each. Equal weight each fund for the index. The index constituents will be rebalanced each quarter.
Index Performance
Current($) | Previous Day(%) | 1 Week(%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) | 3 Year(%) | 5 Year(%) | MTD(%) | QTD(%) | YTD(%) | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Price | 1,682.57 | 0.47 | 1.31 | 4.09 | 12.36 | 32.04 | 54.48 | 11.40 | 12.93 | 2.60 | 2.60 | 15.23 | |||||||
NAV | 1,548.84 | 0.13 | 0.49 | 1.83 | 8.10 | 22.47 | 49.60 | 10.54 | 10.60 | 1.98 | 1.98 | 10.78 | |||||||
Difference | -0.34 | -0.82 | -2.26 | -4.26 | -9.57 | -4.87 | -0.85 | -2.33 | -0.62 | -0.62 | -4.46 | ||||||||
* Periods greater than 1 Year are annualized. ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00 |
2021 - Monthly Performance (%) | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2021 | |
Price | 1.26 | 5.29 | 5.35 | 12.32 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NAV | 0.25 | 4.00 | 4.19 | 8.62 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Difference | -1.01 | -1.29 | -1.16 | -3.69 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2020 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2020 | |
Price | -0.36 | -11.43 | -17.84 | -27.49 | 11.82 | 4.61 | 0.59 | 17.67 | -14.68 | 3.39 | 4.25 | -5.19 | 2.19 | -2.41 | 16.87 | 4.44 | 19.12 | 21.74 | 3.87 |
NAV | -1.62 | -8.43 | -16.11 | -24.42 | 11.06 | 4.98 | 1.63 | 18.48 | -10.45 | 4.28 | 3.59 | -3.04 | 4.74 | -1.27 | 12.08 | 3.93 | 15.00 | 20.45 | 7.86 |
Difference | -1.26 | 3.00 | 1.73 | 3.07 | -0.76 | 0.36 | 1.04 | 0.82 | 4.23 | 0.89 | -0.67 | 2.15 | 2.54 | 1.14 | -4.79 | -0.51 | -4.12 | -1.29 | 3.99 |
2019 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2019 | |
Price | 11.38 | 2.27 | 1.29 | 15.38 | 1.80 | -4.92 | 6.69 | 3.27 | 19.15 | 0.63 | -2.54 | 2.39 | 0.42 | 2.15 | 1.94 | 3.09 | 7.34 | 7.79 | 28.43 |
NAV | 7.72 | 2.16 | 1.45 | 11.65 | 1.50 | -4.95 | 5.62 | 1.90 | 13.77 | 0.24 | -1.91 | 1.43 | -0.26 | 2.08 | 1.81 | 3.10 | 7.15 | 6.87 | 21.58 |
Difference | -3.66 | -0.11 | 0.16 | -3.73 | -0.29 | -0.03 | -1.07 | -1.36 | -5.38 | -0.38 | 0.63 | -0.96 | -0.68 | -0.07 | -0.12 | 0.01 | -0.19 | -0.92 | -6.84 |
2018 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2018 | |
Price | 3.04 | -4.37 | -1.48 | -2.92 | 3.25 | 1.64 | -0.18 | 4.74 | 1.69 | 2.37 | 1.16 | -0.20 | 3.36 | -9.82 | 2.92 | -9.17 | -15.70 | -12.87 | -11.40 |
NAV | 3.26 | -5.10 | -1.38 | -3.35 | 1.91 | 0.86 | -0.03 | 2.76 | -0.68 | 3.16 | 1.03 | -0.03 | 4.20 | -6.77 | 1.55 | -7.19 | -12.14 | -8.44 | -9.06 |
Difference | 0.22 | -0.73 | 0.10 | -0.43 | -1.33 | -0.78 | 0.15 | -1.98 | -2.37 | 0.79 | -0.13 | 0.17 | 0.85 | 3.05 | -1.37 | 1.98 | 3.57 | 4.43 | 2.34 |
2017 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2017 | |
Price | 4.64 | 2.25 | 1.36 | 8.45 | 3.07 | 1.20 | 1.02 | 5.37 | 14.28 | 2.92 | -0.96 | 2.99 | 4.97 | 0.51 | -0.07 | 2.55 | 3.00 | 8.12 | 23.55 |
NAV | 2.74 | 2.13 | 0.86 | 5.83 | 1.19 | 1.14 | 0.48 | 2.83 | 8.82 | 2.35 | 0.15 | 1.41 | 3.95 | 0.83 | 1.72 | 1.06 | 3.65 | 7.74 | 17.25 |
Difference | -1.90 | -0.12 | -0.50 | -2.63 | -1.88 | -0.06 | -0.55 | -2.54 | -5.45 | -0.57 | 1.11 | -1.57 | -1.02 | 0.32 | 1.79 | -1.49 | 0.65 | -0.38 | -6.31 |
2016 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2016 | |
Price | -6.71 | 0.01 | 7.89 | 0.66 | 2.02 | 1.41 | 1.46 | 4.97 | 5.66 | 3.89 | 0.55 | 0.86 | 5.37 | -3.07 | 0.86 | 1.43 | -0.84 | 4.48 | 10.39 |
NAV | -5.04 | -0.42 | 6.65 | 0.85 | 1.72 | 0.63 | 0.90 | 3.28 | 4.15 | 2.93 | -0.05 | 0.72 | 3.62 | -1.80 | 0.93 | 1.64 | 0.74 | 4.38 | 8.72 |
Difference | 1.67 | -0.44 | -1.24 | 0.18 | -0.30 | -0.78 | -0.56 | -1.69 | -1.51 | -0.97 | -0.60 | -0.14 | -1.75 | 1.28 | 0.07 | 0.21 | 1.58 | -0.09 | -1.68 |
2015 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2015 | |
Price | -0.01 | 4.32 | -1.23 | 3.03 | 1.64 | 0.51 | -2.85 | -0.75 | 2.25 | 0.13 | -5.75 | -4.57 | -9.94 | 8.41 | -0.32 | -0.47 | 7.56 | -3.13 | -0.95 |
NAV | -1.11 | 4.35 | -1.71 | 1.43 | 2.09 | 0.78 | -2.54 | 0.28 | 1.71 | 0.89 | -5.60 | -2.78 | -7.41 | 7.06 | -0.79 | -1.40 | 4.73 | -3.03 | -1.37 |
Difference | -1.09 | 0.02 | -0.48 | -1.60 | 0.45 | 0.27 | 0.31 | 1.03 | -0.54 | 0.76 | 0.15 | 1.79 | 2.53 | -1.35 | -0.47 | -0.93 | -2.83 | 0.10 | -0.42 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -4.62% |
1Yr Disc -8.91% |
3Yr Disc -6.62% |
5Yr Disc -6.61% |
Rel Disc Range (3yr) 65.92% |
Mkt Yield 7.69% |
Lev Adj NAV Yield 7.04% |
After Tax Yield* 7.14% |
Est Tax Friction* 0.55% |
3Yr NAV Volatiliy 22.18 |
1 Yr RoC 66.05% |
3 Yr Dest RoC 19.48% |
Leverage 5.53% |
Non Lev Exp Ratio 1.27% |
Beta (2yr) 0.92 |
Equity Exposure 94.46% |
Bond Exposure 1.79% |
# Holdings 32 |
Cash Weighted Duration 0.06 |
|
Comp NAV TR -2.62% |
Comp Discount -0.61% |
Net Assets (M) 827 |
Liquidity - 90d (K) 2,186 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
32 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
AWP | Abd Glbl Prmr Prop Fd | Aberdeen | 3.14 | -3.91 | 7.82 | 65.50 | 15.94 | 546 | 2,768 |
BGY | BR Enh Intl DivTr | BlackRock | 3.14 | -6.86 | 6.49 | 70.16 | 0.00 | 699 | 1,339 |
BMEZ | BR Health Sci Tr II | BlackRock | 3.11 | -7.29 | 6.48 | 38.26 | N/A | 3,263 | 8,188 |
BOE | BR Enh Glbl DivTr | BlackRock | 3.18 | -7.48 | 6.31 | 62.34 | 0.00 | 830 | 2,282 |
BXMX | Nuv S&P 500 By-Wrt Inc Fd | Nuveen | 3.18 | -4.75 | 6.21 | 66.67 | 0.00 | 1,513 | 2,901 |
CUBA | Herzfeld Caribbean Basin Fd | Herzfeld Cuba | 3.14 | -15.83 | 10.25 | 100.00 | 0.00 | 42 | 283 |
DIAX | Nuv Dow 30SM Dyn Owrt Fd | Nuveen | 3.16 | -6.43 | 6.58 | 22.77 | 0.00 | 645 | 1,727 |
DNIF | Div & Incm Fd | Bexil | 3.18 | -29.11 | 7.45 | 34.24 | 0.00 | 238 | 372 |
DPG | D&P Util & Infra Fd | Duff & Phelps | 3.16 | -1.71 | 10.17 | 54.79 | 29.80 | 531 | 2,511 |
EOI | EV Enh Eq Incm Fd | Eaton Vance | 3.18 | -3.30 | 6.14 | 80.77 | 0.00 | 714 | 1,583 |
ETB | EV Tx-Mgd By-Wrt Incm Fd | Eaton Vance | 3.12 | 3.74 | 8.05 | 54.41 | 0.00 | 413 | 1,102 |
ETG | EV Tx-Adv Glbl Div Incm Fd | Eaton Vance | 3.17 | -6.76 | 6.19 | 33.14 | 19.90 | 1,625 | 3,076 |
ETJ | EV Risk-Mgd Divr Eq Incm Fd | Eaton Vance | 3.10 | 5.68 | 8.31 | 69.85 | 0.00 | 664 | 2,260 |
ETV | EV Tx-Mgd By-Wrt Opp Fd | Eaton Vance | 3.12 | 3.66 | 8.38 | 95.56 | 0.00 | 1,403 | 3,929 |
ETW | EV Tx-Mgd Glbl By-Wrt Opp | Eaton Vance | 3.16 | -0.83 | 8.15 | 61.08 | 0.00 | 1,161 | 3,509 |
ETY | EV Tx-Mgd Divr Eq Incm Fd | Eaton Vance | 3.16 | -2.36 | 7.64 | 85.12 | 0.00 | 2,057 | 4,201 |
EXD | EV Tx-Mgd By-Wrt Stgs Fd | Eaton Vance | 3.15 | -1.33 | 7.65 | 98.29 | 0.00 | 109 | 396 |
EXG | EV Tx-Mgd Glbl Divr Eq Incm | Eaton Vance | 3.13 | -4.02 | 7.73 | 95.81 | 0.00 | 3,017 | 6,682 |
FFA | FT Enh Eq Incm Fd | First Trust | 3.17 | -3.04 | 6.47 | 40.65 | 0.00 | 401 | 642 |
FIF | FT Nrg Infra Fd | First Trust | 3.09 | -11.32 | 5.98 | 57.78 | 20.28 | 239 | 1,128 |
GAB | Gabelli Eq Tr | Gabelli | 3.13 | 7.86 | 8.57 | 47.08 | 22.00 | 1,699 | 4,073 |
GPM | Gghm Enh Eq Incm Fd | Guggenheim Funds | 3.16 | -10.54 | 6.43 | 85.19 | 30.53 | 404 | 1,293 |
HEQ | JH Hgd Eq & Incm Fd | John Hancock | 3.11 | -8.01 | 9.44 | 69.58 | 0.00 | 163 | 728 |
IAE | Voya AP Hi Div Eq Incm Fd | Voya | 2.99 | -7.86 | 9.41 | 79.25 | 0.00 | 118 | 420 |
IDE | Voya Infra Ind & Matrls Fd | Voya | 3.05 | -4.25 | 7.39 | 81.22 | 0.00 | 240 | 1,265 |
IGA | Voya Glbl Adv & Prm Opp Fd | Voya | 3.02 | -8.14 | 8.31 | 42.64 | 0.00 | 188 | 747 |
IGD | Voya Glbl Eq Div & Prm Opp | Voya | 3.12 | -7.46 | 8.23 | 78.42 | 0.00 | 598 | 1,886 |
IHD | Voya Emrg Mkt Hi Div Eq Fd | Voya | 2.99 | -7.65 | 9.17 | 79.00 | 0.00 | 162 | 681 |
IRR | Voya Ntr Res Eq Incm Fd | Voya | 3.01 | -1.80 | 9.42 | 71.00 | 0.00 | 70 | 594 |
MCN | Madison Cov Call & Eq Stgc | Madison | 3.21 | 4.60 | 9.05 | 39.69 | 0.00 | 159 | 804 |
PTA | Tx-Adv Pref Sec Pref Sec & Incm Fd | Cohen & Steers | 3.07 | -2.61 | 6.23 | 34.46 | 32.70 | 1,286 | 2,317 |
QQQX | Nuv Nasdaq 100 Dyn Owrt Fd | Nuveen | 3.24 | 1.00 | 6.32 | 97.94 | 0.00 | 1,167 | 4,000 |