About the Index
MLP grouping according to CEFdata.com. 90-day average trade dollar $ liquidity over $500K. Equal weight each fund for the index. The index constituents will be rebalanced each quarter.
Index Performance
Current($) | Previous Day(%) | 1 Week(%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) | 3 Year(%) | 5 Year(%) | 10 Year(%) | MTD(%) | QTD(%) | YTD(%) | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Price | 609.04 | 0.35 | -1.80 | -10.07 | -5.86 | 1.29 | -3.43 | 48.24 | -6.77 | -7.35 | -11.15 | -7.27 | -7.27 | ||||||
NAV | 631.10 | 1.36 | -0.12 | -7.35 | -4.34 | 2.88 | -4.73 | 46.17 | -4.82 | -6.04 | -6.96 | -6.33 | -6.33 | ||||||
Difference | 1.01 | 1.68 | 2.71 | 1.52 | 1.59 | -1.30 | -2.08 | 1.95 | 1.31 | 4.18 | 0.94 | 0.94 | |||||||
* Periods greater than 1 Year are annualized. ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00 |
2023 - Monthly Performance (%) | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2023 | |
Price | 7.40 | -2.83 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NAV | 5.09 | -4.20 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Difference | -2.31 | -1.37 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
2022 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2022 | |
Price | 10.40 | 2.90 | 8.37 | 23.12 | -1.57 | 6.85 | -13.08 | -8.58 | 12.56 | 12.77 | 2.36 | -12.12 | 1.44 | 14.12 | 1.89 | -6.25 | 9.02 | 10.59 | 24.47 |
NAV | 8.55 | 5.37 | 7.59 | 23.06 | -2.91 | 7.81 | -14.77 | -10.79 | 9.78 | 12.81 | 1.75 | -12.23 | 0.74 | 13.96 | 3.76 | -6.17 | 10.94 | 11.77 | 22.69 |
Difference | -1.85 | 2.47 | -0.78 | -0.06 | -1.34 | 0.96 | -1.70 | -2.21 | -2.78 | 0.04 | -0.62 | -0.11 | -0.70 | -0.16 | 1.87 | 0.07 | 1.93 | 1.18 | -1.78 |
2021 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2021 | |
Price | 8.19 | 10.84 | 7.95 | 29.44 | 7.00 | 8.34 | 4.34 | 20.95 | 56.57 | -5.69 | -0.24 | 2.24 | -3.81 | 8.50 | -6.48 | 1.04 | 2.53 | -1.38 | 54.41 |
NAV | 6.27 | 5.34 | 7.82 | 20.70 | 6.76 | 6.52 | 4.90 | 19.29 | 43.99 | -5.05 | -0.89 | 2.80 | -3.26 | 7.74 | -7.10 | 2.30 | 2.40 | -0.95 | 42.63 |
Difference | -1.92 | -5.50 | -0.12 | -8.74 | -0.25 | -1.82 | 0.57 | -1.66 | -12.58 | 0.64 | -0.65 | 0.55 | 0.54 | -0.76 | -0.62 | 1.26 | -0.13 | 0.43 | -11.79 |
2020 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2020 | |
Price | -6.45 | -17.25 | -69.62 | -76.49 | 54.40 | 7.65 | -11.47 | 47.15 | -65.40 | -6.06 | 2.96 | -14.61 | -17.41 | 5.52 | 29.19 | 2.99 | 40.40 | 15.95 | -59.88 |
NAV | -8.16 | -17.93 | -65.79 | -74.22 | 47.08 | 10.64 | -6.86 | 51.57 | -60.92 | -0.83 | 0.98 | -11.90 | -11.77 | 3.93 | 22.38 | 3.12 | 31.16 | 15.72 | -54.77 |
Difference | -1.71 | -0.68 | 3.83 | 2.27 | -7.31 | 2.99 | 4.61 | 4.42 | 4.48 | 5.23 | -1.98 | 2.71 | 5.64 | -1.58 | -6.82 | 0.13 | -9.24 | -0.23 | 5.11 |
2019 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2019 | |
Price | 21.14 | -2.21 | 4.91 | 24.29 | 0.34 | -3.88 | 2.14 | -1.48 | 22.45 | -0.20 | -7.60 | 2.73 | -5.27 | -7.76 | -4.35 | 10.83 | -2.22 | -7.38 | 13.41 |
NAV | 18.42 | -0.12 | 5.07 | 24.28 | -1.71 | -3.72 | 2.88 | -2.65 | 20.99 | -1.73 | -7.06 | 2.65 | -6.25 | -6.50 | -5.10 | 10.90 | -1.59 | -7.74 | 11.62 |
Difference | -2.72 | 2.09 | 0.16 | -0.01 | -2.05 | 0.15 | 0.74 | -1.17 | -1.46 | -1.53 | 0.54 | -0.08 | -0.98 | 1.27 | -0.75 | 0.07 | 0.63 | -0.36 | -1.79 |
2018 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2018 | |
Price | 6.57 | -10.10 | -8.69 | -12.52 | 10.28 | 3.97 | -2.08 | 12.27 | -1.79 | 4.43 | -0.09 | -1.07 | 3.22 | -12.46 | -1.75 | -12.83 | -25.03 | -22.61 | -24.00 |
NAV | 6.41 | -12.45 | -7.09 | -13.45 | 8.99 | 6.18 | -0.91 | 14.67 | -0.75 | 6.39 | 1.74 | -1.93 | 6.15 | -9.98 | -1.92 | -12.98 | -23.17 | -18.44 | -19.05 |
Difference | -0.16 | -2.35 | 1.60 | -0.92 | -1.29 | 2.21 | 1.17 | 2.41 | 1.05 | 1.95 | 1.83 | -0.86 | 2.92 | 2.49 | -0.17 | -0.15 | 1.86 | 4.17 | 4.95 |
2017 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2017 | |
Price | 5.24 | 3.37 | -1.62 | 7.02 | -0.56 | -5.21 | -0.93 | -6.62 | -0.06 | 1.88 | -5.28 | 2.45 | -1.13 | -7.91 | -2.07 | 10.90 | 0.01 | -1.12 | -1.18 |
NAV | 2.66 | 0.98 | -0.08 | 3.58 | -2.22 | -6.70 | -0.54 | -9.26 | -6.01 | 2.45 | -5.42 | 2.26 | -0.91 | -5.23 | -1.27 | 8.12 | 1.17 | 0.25 | -5.77 |
Difference | -2.58 | -2.38 | 1.54 | -3.44 | -1.66 | -1.48 | 0.39 | -2.64 | -5.95 | 0.57 | -0.14 | -0.19 | 0.22 | 2.68 | 0.80 | -2.77 | 1.16 | 1.37 | -4.60 |
2016 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2016 | |
Price | -12.96 | 1.10 | 9.81 | -3.38 | 17.53 | 3.18 | 5.50 | 27.93 | 23.61 | -0.18 | 2.55 | 4.56 | 7.03 | -5.18 | 6.31 | 1.42 | 2.23 | 9.41 | 35.24 |
NAV | -16.65 | -1.33 | 13.10 | -6.99 | 17.12 | 4.16 | 5.22 | 28.36 | 19.39 | 0.90 | 1.55 | 4.27 | 6.84 | -4.52 | 4.76 | 4.75 | 4.77 | 11.94 | 33.64 |
Difference | -3.69 | -2.43 | 3.29 | -3.61 | -0.41 | 0.98 | -0.28 | 0.43 | -4.22 | 1.08 | -1.00 | -0.29 | -0.19 | 0.66 | -1.55 | 3.33 | 2.55 | 2.53 | -1.60 |
2015 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2015 | |
Price | -4.33 | 4.57 | -5.49 | -5.46 | 4.84 | -3.71 | -10.26 | -9.41 | -14.35 | -4.86 | -5.14 | -17.16 | -25.23 | 11.18 | -13.24 | -12.35 | -15.45 | -36.78 | -45.85 |
NAV | -4.13 | 3.34 | -3.29 | -4.19 | 5.56 | -2.48 | -8.53 | -5.83 | -9.78 | -4.99 | -7.73 | -19.07 | -29.05 | 10.93 | -10.50 | -12.24 | -12.87 | -38.19 | -44.23 |
Difference | 0.20 | -1.23 | 2.20 | 1.27 | 0.72 | 1.23 | 1.73 | 3.57 | 4.57 | -0.13 | -2.60 | -1.92 | -3.82 | -0.25 | 2.74 | 0.10 | 2.58 | -1.41 | 1.62 |
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 | 1.22 | 0.68 | 0.45 | 4.65 | 3.83 | 4.53 | 13.58 | 14.09 | -3.19 | 6.92 | -3.77 | -0.39 | -3.38 | -2.75 | -6.13 | -11.80 | -12.15 | 0.23 |
NAV | 0.79 | 1.00 | 1.81 | 3.65 | 4.20 | 3.24 | 7.03 | 15.14 | 19.34 | -3.94 | 7.82 | -2.71 | 0.76 | -4.98 | -3.80 | -5.88 | -13.97 | -13.31 | 3.45 |
Difference | 2.22 | -0.22 | 1.14 | 3.20 | -0.45 | -0.59 | 2.50 | 1.56 | 5.25 | -0.75 | 0.90 | 1.06 | 1.15 | -1.60 | -1.05 | 0.25 | -2.16 | -1.16 | 3.22 |
2013 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2013 | |
Price | 12.00 | 2.66 | 1.94 | 17.21 | 1.73 | -0.02 | 1.05 | 2.77 | 20.46 | 0.39 | -2.73 | -0.69 | -3.02 | 2.73 | -0.50 | 1.64 | 3.89 | 0.76 | 21.37 |
NAV | 10.47 | 0.88 | 5.11 | 17.14 | 2.19 | 0.18 | -0.12 | 2.26 | 19.78 | 3.55 | -2.27 | 1.42 | 2.64 | 2.87 | 0.18 | 1.59 | 4.70 | 7.46 | 28.71 |
Difference | -1.54 | -1.79 | 3.18 | -0.08 | 0.46 | 0.20 | -1.16 | -0.51 | -0.68 | 3.16 | 0.47 | 2.10 | 5.66 | 0.14 | 0.68 | -0.04 | 0.80 | 6.70 | 7.34 |
2012 - Monthly Performance (%) | |||||||||||||||||||
Jan | Feb | Mar | Q1 | Apr | May | Jun | Q2 | 1H | Jul | Aug | Sep | Q3 | Oct | Nov | Dec | Q4 | 2H | 2012 | |
Price | 4.88 | 2.95 | 0.44 | 8.45 | 0.45 | -7.33 | 3.99 | -3.20 | 4.98 | 4.09 | 1.00 | 1.23 | 6.43 | 0.17 | -3.30 | -2.01 | -5.08 | 1.02 | 6.05 |
NAV | 2.56 | 3.14 | -2.55 | 3.09 | 1.30 | -6.61 | -0.01 | -5.41 | -2.49 | 5.33 | 0.36 | 3.32 | 9.22 | 0.14 | -1.84 | -2.70 | -4.36 | 4.45 | 1.85 |
Difference | -2.32 | 0.19 | -2.99 | -5.37 | 0.85 | 0.72 | -4.00 | -2.21 | -7.47 | 1.24 | -0.64 | 2.09 | 2.79 | -0.04 | 1.46 | -0.69 | 0.72 | 3.43 | -4.20 |
Performance Chart
Discount
Characteristics
PORTFOLIO Weighted Average Data |
||||
---|---|---|---|---|
Discount -17.13% |
1Yr Disc -15.57% |
3Yr Disc -17.49% |
5Yr Disc -13.34% |
Rel Disc Range (3yr) 52.48% |
Mkt Yield 9.91% |
Lev Adj NAV Yield 6.70% |
After Tax Yield* 8.55% |
Est Tax Friction* 1.36% |
3Yr NAV Volatiliy 34.35 |
1 Yr RoC 46.69% |
3 Yr Dest RoC 0.00% |
Leverage 23.18% |
Non Lev Exp Ratio 1.60% |
Beta (2yr) 0.82 |
Equity Exposure 97.45% |
Bond Exposure 0.49% |
# Holdings 12 |
Cash Weighted Duration |
|
Comp NAV TR -0.41% |
Comp Discount -0.39% |
Net Assets (M) 400 |
Liquidity - 90d (K) 1,180 |
|
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%. |
Asset Allocation
Constituents
12 Funds
Ticker | Name | Sponsor | Allocation | Discount | Market Yield | RoC(1yr) | Leverage | Net Assets | Liquidity (90d) |
---|---|---|---|---|---|---|---|---|---|
CEM | CB MLP & Midstream Fd | Franklin Templeton | 8.24 | -16.25 | 8.39 | 25.61 | 30.96 | 478 | 1,585 |
CTR | CB MLP & Midstream Tot Rtn Fd | Franklin Templeton | 8.64 | -18.55 | 8.24 | 25.70 | 28.25 | 227 | 456 |
EMO | CB Nrg Midstream Opp Fd | Franklin Templeton | 8.37 | -14.58 | 8.10 | 25.73 | 31.85 | 392 | 1,255 |
FEI | FT MLP & Nrg Incm Fd | First Trust | 8.35 | -16.53 | 8.43 | 80.40 | 21.70 | 386 | 915 |
FEN | FT Nrg Incm & Gwth Fd | First Trust | 7.87 | -15.91 | 9.87 | 93.46 | 21.96 | 281 | 884 |
GER | GS MLP & Nrg Renaissance Fd | Goldman Sachs | 8.72 | -19.63 | 7.21 | 24.43 | 10.22 | 232 | 721 |
KMF | KA NextGen Nrg & Infra | Kayne Anderson | 8.21 | -20.10 | 9.52 | 82.73 | 22.78 | 397 | 783 |
KYN | KA Nrg Infra Fd | Kayne Anderson | 8.59 | -15.88 | 10.00 | 5.00 | 25.32 | 1,295 | 3,914 |
NML | NB MLP & Nrg Incm Fd | Neuberger Berman | 8.57 | -14.97 | 11.21 | 100.00 | 17.06 | 416 | 1,125 |
NTG | Tortoise Midstream Nrg Fd | Tortoise | 8.19 | -19.20 | 9.99 | 21.25 | 21.00 | 205 | 684 |
SRV | Cushing MLP & Infra Tot Rtn Fd | Cushing | 8.28 | -13.60 | 17.90 | 33.31 | 23.79 | 77 | 751 |
TYG | Tortoise Nrg Infra Corp | Tortoise | 7.96 | -20.42 | 10.32 | 0.00 | 23.70 | 392 | 1,015 |