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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 1,197.95 -0.15 1.35 -5.65 -12.35 -18.23 -18.35 -0.19 1.98 4.29 0.78 0.78 -18.99
NAV 1,181.23 -0.17 -0.30 -6.85 -11.22 -14.43 -13.54 -0.11 2.15 4.91 0.04 0.04 -14.42
Difference -0.02 -1.65 -1.20 1.13 3.80 4.81 0.09 0.17 0.62 -0.74 -0.74 4.58
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 - - - - - - - - - -
NAV -1.47 -1.58 -0.93 -3.93 -2.49 -2.25 -6.57 -10.95 -14.45 - - - - - - - - - -
Difference 2.65 1.91 0.29 4.67 1.78 0.23 -0.78 1.11 5.17 - - - - - - - - - -
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
-5.13%
1Yr Disc
-2.16%
3Yr Disc
-3.25%
5Yr Disc
-3.72%
Rel Disc Range (3yr)
58.70%
Mkt Yield
9.19%
Lev Adj NAV Yield
6.72%
After Tax Yield*
7.00%
Est Tax Friction*
2.19%
3Yr NAV Volatiliy
10.93
1 Yr RoC
7.84%
3 Yr Dest RoC
7.17%
Leverage
30.37%
Non Lev Exp Ratio
1.60%
Beta (2yr)
0.42
Equity Exposure
5.35%
Bond Exposure
91.71%
# Holdings
64
Cash Weighted Duration
3.81
Comp NAV TR
-1.37%
Comp Discount
0.48%
Net Assets (M)
484
Liquidity - 90d (K)
1,839
* 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


64 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
AFT Apollo Sr Flt Rt Fd Apollo 1.54 -11.09 8.00 3.71 34.32 223 691
AIF Apollo Tactical Incm Fd Apollo 1.58 -12.74 8.81 0.67 34.79 203 732
ARDC Ares Dyn Cr Alloc Fd Ares 1.54 -11.27 9.65 0.00 37.03 313 1,064
AWF AB Glbl Hi Incm Fd AllianceBernstein 1.55 -6.95 8.05 0.92 29.27 905 2,120
BGB Blackstone Stgc Cr Fd Blackstone 1.54 -10.77 7.24 0.00 36.87 556 1,319
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 1.55 -10.61 9.83 0.00 21.69 289 697
BGT BR Flt Rt Incm Fd BlackRock 1.56 -7.73 6.99 15.31 31.73 269 1,092
BGX Blackstone Lng-Srt Cr Incm Fd Blackstone 1.54 -11.86 8.29 0.00 39.08 165 509
BHK BR Core Bnd Tr BlackRock 1.59 -2.44 7.72 0.00 39.03 642 2,543
BLW BR Ltd Dur Incm Tr BlackRock 1.55 -6.15 9.29 12.56 37.53 482 1,477
BSL Blackstone Sr Flt Rt Trm Fd Blackstone 1.53 -7.59 6.75 0.00 31.86 193 628
BTZ BR Cr Alloc Incm Tr BlackRock 1.55 -6.86 9.26 14.79 31.29 1,091 3,407
DBL DbLin Opportunistic Cr Fd Doubleline 1.60 1.13 8.19 1.46 11.34 249 988
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 1.53 -10.04 9.91 0.00 30.22 181 750
DLY DbLin Yld Opp Fd Doubleline 1.56 -10.95 9.73 3.95 24.78 775 2,453
DSL DbLin Incm Solutions Fd Doubleline 1.57 -6.61 10.74 0.00 27.88 1,342 4,773
DSU BR Dbt Stgs Fd BlackRock 1.55 -10.03 7.93 14.70 31.63 474 1,591
EAD Allspring Incm Opp Fd Allspring 1.56 -9.14 10.94 0.00 26.00 428 921
ECC Eagle Point Cr Co Eagle Point 1.59 10.00 13.88 0.00 31.73 475 3,461
EFL EV Flt-Rt 2022 Tgt Trm Tr Eaton Vance 1.55 -0.12 4.07 0.00 25.70 203 346
EFR EV Sr Flt-Rt Tr Eaton Vance 1.53 -1.46 8.04 12.57 35.98 348 1,561
EFT EV Flt-Rt Incm Tr Eaton Vance 1.54 -6.63 7.96 7.77 36.90 362 1,504
EHI WA Glbl Hi Incm Fd Franklin Templeton 1.61 -5.85 11.10 1.33 33.30 175 323
EIC Eagle Point Incm Co Eagle Point 1.56 6.63 9.62 0.00 33.93 102 300
ERC Allspring Mlt-Sctr Incm Fd Allspring 1.53 -2.60 11.64 9.28 28.50 270 893
EVF EV Sr Incm Tr Eaton Vance 1.54 -9.65 8.18 1.17 34.90 105 278
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.57 -7.10 6.95 16.40 31.50 437 1,866
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 1.54 -8.68 11.18 11.63 30.12 581 1,973
GDO WA Glbl Corp Dfin Opp Fd Franklin Templeton 1.58 1.63 8.85 13.29 32.30 201 555
HIO WA Hi Incm Opp Fd Franklin Templeton 1.55 -9.84 9.14 10.03 0.00 416 836
HIX WA Hi Incm Fd II Franklin Templeton 1.59 -2.54 11.78 5.43 32.90 332 1,549
HNW Pioneer Divr Hi Incm Fd Amundi Asset Mgmt 1.58 -8.14 11.93 1.72 32.60 100 257
HYB New Amrc Hi Incm Fd T. Rowe Price 1.57 -9.70 8.71 0.00 28.00 178 428
HYI WA Hi Yld Dfin Opp Fd Franklin Templeton 1.59 -2.29 9.17 7.36 0.00 287 704
HYT BR Corp Hi Yld Fd BlackRock 1.54 -0.11 9.85 12.49 28.25 1,161 3,798
IGI WA Inv Grd Dfin Opp Tr Franklin Templeton 1.58 -3.00 4.65 3.62 0.00 192 448
IHIT Invsc Hi Incm 2023 Tgt Trm Fd Invesco 1.55 -2.73 4.92 0.00 27.00 212 394
ISD PGIM Hi Yld Bnd Fd Prudential 1.54 -10.69 10.33 13.03 24.88 454 1,264
IVH Dlw Ivy Hi Incm Opp Fd Delaware 1.55 -11.71 8.55 0.00 27.27 192 701
JFR Nuv Flt Rt Incm Fd Nuveen 1.55 -8.49 9.54 11.46 36.87 516 1,705
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.58 -8.34 9.54 7.45 37.04 364 1,475
JSD Nuv Srt Dur Cr Opp Fd Nuveen 1.56 -11.11 9.85 10.44 36.96 136 844
KIO KKR Incm Opp Fd KKR Credit 1.55 -10.31 10.81 0.00 37.83 264 1,036
MCI Barings Corp Invstr Barings 1.57 -19.24 7.06 0.00 10.89 341 330
NSL Nuv Sr Incm Fd Nuveen 1.58 -9.01 9.53 10.49 36.87 206 812
OXLC Oxford Lane Cap Corp Oxford Lane 1.54 -4.56 15.93 0.00 29.25 855 7,166
PAI WA Inv Grd Incm Fd Franklin Templeton 1.58 -5.41 4.56 0.00 0.00 123 297
PAXS PIMCO Access Incm Fd PIMCO 1.57 -7.45 8.81 7.61 16.21 756 1,454
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.61 12.64 10.38 1.80 38.88 503 1,598
PDI PIMCO Dyn Incm Fd PIMCO 1.59 8.48 12.46 0.00 46.45 4,405 20,799
PDO PIMCO Dyn Incm Opp Fd PIMCO 1.63 -5.12 10.61 0.00 46.96 1,677 7,612
PFL PIMCO Incm Stgy Fd PIMCO 1.59 9.46 10.69 9.03 34.89 296 1,140
PGP PIMCO Glbl Stk+ & Incm Fd PIMCO 1.51 6.42 10.85 0.00 39.53 80 310
PHD Pioneer Flt Rt Fd Amundi Asset Mgmt 1.54 -11.33 8.14 0.22 32.90 123 568
PHT Pioneer Hi Incm Fd Amundi Asset Mgmt 1.53 -7.69 10.78 0.00 31.30 221 650
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.63 16.71 10.97 4.32 46.86 980 6,005
RCS PIMCO Stgc Incm Fd PIMCO 1.57 10.52 11.88 3.16 49.32 209 725
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 1.57 -10.31 8.61 11.25 24.05 414 1,091
VVR Invsc Sr Incm Tr Invesco 1.52 -8.65 8.21 3.78 29.00 637 3,250
WDI WA Divr Incm Fd Franklin Templeton 1.54 -11.54 10.55 2.72 27.90 799 2,300
WEA WA Prmr Bnd Fd Franklin Templeton 1.57 -6.82 7.43 0.00 31.50 136 299
WIA WA Inf-Lnk Incm Fd Franklin Templeton 1.58 -10.73 5.41 0.00 35.80 261 672
WIW WA Inf-Lnk Opp & Incm Fd Franklin Templeton 1.52 -11.31 6.38 0.00 33.40 714 1,675
XFLT XAI Octgn Flt Rt & Alt Incm Trm XA Investments 1.63 10.17 12.07 15.34 39.59 220 1,370

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 %