CEF Advisors Launches 25 Indexes to Cover the Entire $265 Billion US Listed Closed-End Fund (CEF) and Business Development Company (BDC) Universe
RICHMOND, VA, FEBRUARY 9, 2017 -
CEF Advisors' launches 25 indexes to cover the entire closed-end fund (CEF) and business development company (BDC) universe. The indexes cover both bond and equity sector indexes as well as diversified portfolio objective indexes for example; the
High Income Index and
the Tax-Sensitive Income Index. The indexes are priced daily with data since 12/31/16, however, we are working by quarter-end to offer index data from 12/31/2011 to present as we have the data in our internally collected CEFData.com research system and database launched in 2012.
Data will be available on the indexes for additional benchmarking purposes including weighted discount, yield, leverage, duration, beta and other metrics for the underlying constituent funds. The indexes will be rebalanced quarterly.
The indexes were developed to help CEF Advisors monitor our separately managed accounts and model portfolio service as well as help our research/data clients and peers better benchmark themselves. John Cole Scott, CIO at CEF Advisors said, "We are pleased to offer better visualization of our data collection and production efforts which now has five years in internally collected data. We believe our ability to show the indexes' weighted data, in addition to the typical performance calculations should help individuals and investment professionals properly benchmark their CEF/BDC allocations."
The firm's index project can be monitored via:
. They offer a performance table and a data table webpage summarizing each index. Clicking on each indexes' name opens a detailed page containing the following information: 1. Index Methodology, 2. Market Price and Net Asset Value Performance, 3. Discounts, 4. Data Characteristics, 5. Holdings' Asset Allocation, 6. Constituent Funds, and 7. Daily index market price and net asset value pricing.
Diversified Portfolio Indexes:
- 12 Major Sectors: http://cefdata.com/index/details/412/
- High Income: http://cefdata.com/index/details/404/
- Equity Income: http://cefdata.com/index/details/415/
- 60 / 40 Balanced (w/ BDCs): http://cefdata.com/index/details/405/
- Tax-Sensitive Income: http://cefdata.com/index/details/402/
- Taxable Bond & BDC: http://cefdata.com/index/details/403/
- Discount CEF/BDC: http://cefdata.com/index/details/413/
- Premium CEF/BDC: http://cefdata.com/index/details/414/
CEF Advisors uses CEFs as the building blocks for an entire portfolio, so wanted a better way to track their progress for clients. Previous portfolio style indexes seemed only focused on taxable bond and equity based CEF indexes and did not offer tracking for thematic investments.
Equity Sector Indexes:
- International Equity: http://cefdata.com/index/details/411/
- US Equity: http://cefdata.com/index/details/419/
- Global Equity: http://cefdata.com/index/details/406/
- Covered Call / Option Funds: http://cefdata.com/index/details/454/
- Global Real Estate, REIT & Real Asset: http://cefdata.com/index/details/455/
- Utilities / Infrastructure: http://cefdata.com/index/details/477/
- Master Limited Partnership (MLP): http://cefdata.com/index/details/456/
- Preferred Equity: http://cefdata.com/index/details/462/
Bond Sector Indexes:
We will be adding deeper access to the indexes data for our paid
subscribers. We plan to release a
BDC Baby Bond/Leverage Index
later this quarter as we continue to expand our BDC coverage.
Performance Tables for CEF Advisors' Indexes:
About Closed-End Fund Advisors
Closed-End Fund Advisors is a 28-year-old Registered Investment Advisory (RIA) Firm located in Richmond, Virginia that specializes in CEF/BDC Data, Research, Trading and Portfolio Management. They employ an 8-person data team that collects and enters data from the approximately 600 CEF/BDCs into the firm's proprietary database, CEFdata.com. The data team collects and reviews every press release, fact card and quarterly updates as well as SEC filings for all US listed CEFs and BDCs.
CEF Advisors offers data and news subscriptions, managed accounts, a model portfolio service and hourly or retainer consulting projects. They strive to be at the crossroads of CEF/BDC data, trends, and news and they maintain strong working relationships with managers, peers, analysts, and sponsors.
] or the image below for details of their other CEF/BDC data offerings.
Contact David Carter
Closed-end Fund Advisors, Inc. ("CEFA") is a Commonwealth of Virginia registered investment adviser located in Richmond, VA. Registered investment adviser does not imply a certain level of skill or training. CEFA may only transact business in those states in which it is registered or has completed the appropriate notice-filing requirements. Prospective clients should consult with a financial consultant to review their investment objectives and financial situation before determining whether any investment, security, or strategy is suitable. A copy of CEFA's Form ADV Part 2A & 2B providing information regarding CEFA's services, fees, and other important disclosure items is available on this website and/or from CEFA upon request. Any opinions expressed in this email or in any CEFA authored documents are subject to change without notice and, due to the rapidly changing nature of the security markets, may quickly become outdated. No information should be interpreted to state or imply that past results are an indication of future performance. The discussions and opinions in this email are for general information only and for use of the recipient, and are not intended to provide investment advice. All materials presented are compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed.
Performance data and other information contained herein are estimated and unaudited. Actual yields will vary from one investor to the next depending on their tax bracket. No portion of the email should be interpreted as legal, accounting or tax advice and is not to be reproduced or copied or made available to others. All investments involve risk including the loss of principal. The Market Price and Net Asset Value Total Return Performance referenced in the attached PDF files for each of CEFA's Models does not reflect composite performance for CEFA's clients. It is shown to allow investors to compare the current model allocations performance differences between Market prices and Net Asset Value for comparable rolling time periods. If a fund in the model does not have a trading history for the entire period shown (usually the 3 Year figure), it is not included in the results. Investors cannot invest in CEFs' net asset values, but it is considered the best judge of a funds management team after cost for comparison purposes. CEFA also seeks funds with above average NAV performance and recent market price underperformance so we may have the opportunity to experience discount narrowing, and if traded properly, general out performance of the funds NAV returns.
CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund's sponsor for fund-specific risk information and/or contact a financial advisor before investing.
Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website. The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions. This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).
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