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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 1,523.73 0.11 -0.50 0.39 3.09 9.81 20.34 1.95 5.05 5.42 0.72 2.27 8.21
NAV 1,446.09 -0.01 -0.23 0.65 2.21 5.42 13.55 2.28 4.24 4.77 0.52 1.47 4.48
Difference -0.12 0.28 0.26 -0.88 -4.40 -6.79 0.33 -0.82 -0.65 -0.20 -0.80 -3.73
* 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 - - - - - - - - - - - - -
NAV 1.00 0.83 1.11 2.97 -0.41 1.36 - - - - - - - - - - - - -
Difference -1.59 -0.76 -0.40 -2.83 0.71 -1.33 - - - - - - - - - - - - -
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
-2.23%
1Yr Disc
-5.13%
3Yr Disc
-5.17%
5Yr Disc
-5.33%
Rel Disc Range (3yr)
56.32%
Mkt Yield
10.39%
Lev Adj NAV Yield
8.00%
After Tax Yield*
7.93%
Est Tax Friction*
2.46%
3Yr NAV Volatiliy
6.83
1 Yr RoC
9.53%
3 Yr Dest RoC
7.41%
Leverage
28.12%
Non Lev Exp Ratio
2.00%
Beta (2yr)
0.55
Equity Exposure
7.98%
Bond Exposure
89.67%
# Holdings
59
Cash Weighted Duration
2.95
Comp NAV TR
0.60%
Comp Discount
0.54%
Net Assets (M)
467
Liquidity - 90d (K)
2,076
* 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


59 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.77 -0.40 11.25 0.00 35.64 233 1,397
AIF Apollo Tactical Incm Fd Apollo 1.77 0.61 11.55 0.00 35.97 215 1,750
ARDC Ares Dyn Cr Alloc Fd Ares 1.76 0.34 9.50 0.00 38.46 339 1,446
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.68 -4.24 7.40 0.00 19.01 956 1,877
BGB Blackstone Stgc Cr 2027 Trm Fd Blackstone 1.69 -7.15 10.15 0.00 36.94 574 1,767
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.70 -9.11 8.82 0.00 26.69 317 877
BGT BR Flt Rt Incm Fd BlackRock 1.67 0.94 11.25 11.27 23.70 287 1,241
BGX Blackstone Lng-Srt Cr Incm Fd Blackstone 1.72 -5.99 10.03 0.00 31.83 170 618
BLW BR Ltd Dur Incm Tr BlackRock 1.65 -1.01 9.40 10.27 37.30 497 1,307
BSL Blackstone Sr Flt Rt 2027 Trm Fd Blackstone 1.64 -6.51 9.82 0.00 31.89 194 708
CCIF Carlyle Cr Incm Fd Carlyle Glbl Cr Inv Mgmt 1.82 6.06 15.00 26.91 34.00 98 623
CIK CS Ast Mgmt Incm Fd Credit Suisse 1.69 0.00 9.12 4.30 24.90 158 619
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.70 -10.41 8.71 0.00 28.66 196 726
DHY CS Hi Yld Bnd Fd Credit Suisse 1.71 -5.96 9.07 2.76 26.17 226 607
DLY DbLin Yld Opp Fd Doubleline 1.65 -2.50 8.97 1.33 19.34 768 2,003
DMO WA Mortg Opp Fd Franklin Templeton 1.75 -2.44 13.02 3.87 44.81 140 631
DSL DbLin Incm Solutions Fd Doubleline 1.66 0.73 10.58 6.54 21.77 1,309 4,736
DSU BR Dbt Stgs Fd BlackRock 1.66 1.21 10.91 11.30 20.10 503 1,583
EAD Allspring Incm Opp Fd Allspring 1.70 -8.15 9.38 0.00 30.30 428 1,099
ECC Eagle Point Cr Co Eagle Point 1.71 11.60 16.63 0.00 24.43 802 7,767
EFR EV Sr Flt-Rt Tr Eaton Vance 1.70 0.84 11.05 0.00 33.90 380 1,311
EFT EV Flt-Rt Incm Tr Eaton Vance 1.71 1.50 10.48 0.00 37.00 348 1,206
EIC Eagle Point Incm Co Eagle Point 1.60 2.08 15.28 0.00 30.40 213 2,099
ERC Allspring Mlt-Sctr Incm Fd Allspring 1.61 -9.84 8.87 0.00 29.60 277 753
EVF EV Sr Incm Tr Eaton Vance 1.70 3.09 11.55 1.35 35.50 97 410
EVG EV Srt Dur Divr Incm Fd Eaton Vance 1.74 -2.76 8.69 12.57 35.00 151 368
FCT FT Sr Flt Rt Incm Fd II First Trust 1.67 -7.04 11.46 10.47 9.76 284 1,205
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.70 -0.61 11.45 12.26 21.90 460 1,704
FTF FrkTmp Ltd Dur Incm Tr Franklin Templeton 1.70 -10.62 11.70 20.79 32.01 285 1,128
HIO WA Hi Incm Opp Fd Franklin Templeton 1.67 -7.71 11.12 15.10 0.00 395 1,509
HNW Pioneer Divr Hi Incm Fd Amundi Asset Mgmt 1.64 -8.19 10.14 3.07 28.40 105 258
HYB New Amrc Hi Incm Fd T. Rowe Price 1.68 -10.77 6.58 0.00 31.00 191 366
HYI WA Hi Yld Dfin Opp Fd Franklin Templeton 1.65 -4.20 9.80 5.73 0.00 275 747
INSI Insight Sel Incm Fd Cutwater 1.65 -8.12 4.94 0.00 0.00 189 198
JFR Nuv Flt Rt Incm Fd Nuveen 1.71 -5.19 11.63 1.34 37.99 1,240 4,550
JHI JH Invstr Tr John Hancock 1.66 -9.20 6.73 0.00 40.72 127 249
JHS JH Incm Sec Tr John Hancock 1.60 -10.25 4.30 0.00 40.12 140 219
JLS Nuv Mortg Opp Trm Fd Nuveen 1.72 -7.88 10.23 1.39 24.70 107 273
JQC Nuv Cr Stgs Incm Fd Nuveen 1.71 -4.94 11.61 3.74 38.21 796 2,870
KIO KKR Incm Opp Fd KKR Credit 1.69 0.30 10.73 0.00 35.32 367 1,466
MCI Barings Corp Invstr Barings 1.81 6.19 8.50 0.00 9.03 350 609
MPV Barings Partcp Invstr Barings 1.73 3.65 8.75 0.00 9.56 168 305
OCCI OFS Credit Company OFS Capital 1.75 -0.54 17.12 0.00 32.78 119 1,106
OXLC Oxford Lane Cap Corp Oxford Lane 1.81 6.11 20.07 0.00 29.00 1,212 16,741
PAI WA Inv Grd Incm Fd Franklin Templeton 1.66 -7.32 5.14 0.00 0.00 123 230
PAXS PIMCO Access Incm Fd PIMCO 1.70 4.25 11.42 17.82 43.35 664 2,389
PDI PIMCO Dyn Incm Fd PIMCO 1.67 11.92 14.09 26.86 39.19 5,233 26,584
PDO PIMCO Dyn Incm Opp Fd PIMCO 1.71 4.19 11.65 22.47 41.08 1,453 5,141
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.67 0.00 11.07 10.96 17.83 86 353
PHD Pioneer Flt Rt Fd Amundi Asset Mgmt 1.71 -4.76 11.33 0.00 31.90 127 584
PHT Pioneer Hi Incm Fd Amundi Asset Mgmt 1.63 -8.61 8.88 0.59 31.40 239 666
RCS PIMCO Stgc Incm Fd PIMCO 1.71 39.55 9.97 3.65 36.33 203 714
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 1.66 -12.68 8.55 18.88 22.58 428 1,069
VBF Invsc Bnd Fd Invesco 1.73 -0.06 5.18 1.92 0.00 185 470
WDI WA Divr Incm Fd Franklin Templeton 1.73 -6.52 12.19 0.00 31.30 810 3,509
WEA WA Prmr Bnd Fd Franklin Templeton 1.68 -5.87 7.94 0.00 32.30 133 442
WIA WA Inf-Lnk Incm Fd Franklin Templeton 1.66 -13.55 7.46 0.00 39.30 217 256
WIW WA Inf-Lnk Opp & Incm Fd Franklin Templeton 1.68 -13.55 8.43 0.00 37.80 609 1,249
XFLT XAI Octgn Flt Rt & Alt Incm Tr XA Investments 1.71 3.07 14.45 5.79 38.52 415 2,999

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 %