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One Addition and Four Deletions in S-Network Composite Closed-End Fund Index Quarterly Reconstitution

  • June 25, 2019
  • S-Network Global Indexes

New York, NY, Tuesday, June 25, 2019 — The S-Network Composite Closed-End Fund Index (Ticker: CEFX) will add one constituent and drop four constituents in its quarterly reconstitution — effective 9:30 AM (ET) Monday, July 1, 2019 — changing the number of index components to 132.

The addition to CEFX is: FRANKLIN UNIVERSAL TRUST (TICKER: FT US).

The deletions from CEFX are: PIMCO CORPORATE & INCOME OPP (TICKER: PTY US), PIMCO CORPORATE & INCOME STR (TICKER: PCN US), NUVEEN CREDIT OPP 2022 TARGE (TICKER: JCO US), HIGH INCOME SECURITIES FUND (TICKER: PCF US).

The changes to CEFX are distributed over three sub-indexes:

 

The S-Network Option Income Closed-End Fund Index (Ticker: CEFOIX) will have no changes.

 

The S-Network Investment Grade Fixed Income Closed-End Fund Index (Ticker: CEFIGX) will add FRANKLIN UNIVERSAL TRUST (TICKER: FT US) and drop PIMCO CORPORATE & INCOME STR (TICKER: PCN US).

 

The S-Network High-Yield Closed-End Fund Index (Ticker: CEFHYX) will drop PIMCO CORPORATE & INCOME OPP (TICKER: PTY US), NUVEEN CREDIT OPP 2022 TARGE (TICKER: JCO US), and HIGH INCOME SECURITIES FUND (TICKER: PCF US).

 

Complete lists of constituents and weights will be posted on the S-Network Composite Closed-End Fund Index website (www.closedendfundindex.com) as of the effective date.

 

The S-Network Composite Closed-End Fund Index (CEFX) is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the US that are principally engaged in asset management processes designed to produce taxable annual yield. CEFX employs a modified total net assets weighting methodology designed to ensure accurate investment exposure across the various business segments that together comprise the taxable annual yield sector of the closed-end fund market.

 

Detailed information on the S-Network Composite Closed-End Fund Index is available at www.closedendfundindex.com. Data is also available through most vendors of financial data.

 

Index: S-Network Composite Closed-End Fund Price Index TICKER: CEFX

 

Index: S-Network Composite Closed-End Fund Total Return Index TICKER: CEFXTR

Two Additions and Two Deletions in S-Network Composite Closed-End Fund Index Quarterly Reconstitution

  • March 20, 2019
  • S-Network Global Indexes

New York, NY, Wednesday, March 20, 2019 — The S-Network Composite Closed-End Fund Index (Ticker: CEFX) will add two constituents and drop two constituents in its quarterly reconstitution — effective 9:30 AM (EDT) Monday, April 1, 2019 — maintaining the number of index components at 135.

The additions to CEFX are: HIGHLAND FLTNG RTE OPPORT (TICKER: HFRO US), EATON VANCE SENIOR INCOME TR (TICKER: EVF US).

The deletions from CEFX are: NUVEEN PREFERRED INCOME 2022 (TICKER: JPT US), BLACKROCK 2022 GLOBAL INCOME (TICKER: BGIO US).

 

The changes will affect the sub-indexes of CEFX as follows:

 

The S-Network High Yield Closed-End Fund Index (Ticker: CEFHYX) will add HIGHLAND FLTNG RTE OPPORT (TICKER: HFRO US), EATON VANCE SENIOR INCOME TR (TICKER: EVF US), and drop NUVEEN PREFERRED INCOME 2022 (TICKER: JPT US), BLACKROCK 2022 GLOBAL INCOME (TICKER: BGIO US).

 

The S-Network Investment Grade Closed-End Fund Index (Ticker: CEFIGX) will have no changes.

 

The S-Network Option Income Closed-End Fund Index (Ticker: CEFOIX) will have no changes.

 

 

Complete lists of constituents and weights will be posted on the S-Network Composite Closed-End Fund Index website (www.closedendfundindex.com) as of the effective date.

 

The S-Network Composite Closed-End Fund Index is a fund index designed to serve as a benchmark for closed-end funds listed in the US that are principally engaged in asset management processes seeking to produce taxable annual yield. CEFX employs a modified net assets weighting methodology designed to assure accurate investment exposure across the various style segments that together comprise the taxable yield sector of the closed-end fund market.

 

Detailed information on the S-Network Composite Closed-End Fund Index is available at www.closedendfundindex.com. Data is also available through most vendors of financial data.

 

Index: S-Network Composite Closed-End Fund Price Index TICKER: CEFX

 

Index: S-Network Composite Closed-End Fund Total Return Index TICKER: CEFXTR

One Addition and Two Deletions in S-Network Municipal Bond Closed-End Fund Index Semi-Annual Reconstitution

  • March 20, 2019
  • S-Network Global Indexes

New York, NY, Wednesday, March 20, 2019 — The S-Network Municipal Bond Closed-End Fund Index (Ticker: CEFMX) will add one constituent and drop two constituents in its semi-annual reconstitution — effective 9:30 AM (EDT) Monday, April 1, 2019  — changing the number of index components to 63.

 

The addition to CEFMX is: BLACKROCK MUNIHOLDINGS FD II (TICKER: MUH US).

The deletions from CEFMX are: BLACKROCK MUNI 2020 TERM TRS (TICKER: BKK US), PIMCO MUNICIPAL INCOME FD II (TICKER: PML US).

A complete list of constituents and weights will be posted on the S-Network Closed-End Fund Index website (www.closedendfundindex.com) as of the effective date.

 

The S-Network Municipal Bond Closed-End Fund Index (TICKER: CEFMX) is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the US that are principally engaged in asset management processes designed to produce federally tax-exempt annual yield. CEFMX employs a modified total net assets weighting methodology designed to assure accurate investment exposure across the various business segments that together comprise the federally tax-exempt annual yield sector of the closed-end fund market.

 

Detailed information on the S-Network Municipal Bond Closed-End Fund Index is available at www.closedendfundindex.com. Data is also available through most vendors of financial data.

 

Index: S-Network Municipal Bond Closed-End Fund Price Index TICKER: CEFMX

 

Index: S-Network Municipal Bond Closed-End Fund Total Return Index TICKER: CEFMXTR

June 25, 2019
One Addition and Four Deletions in S-Network Composite Closed-End Fund Index Quarterly Reconstitution

March 20, 2019
Two Additions and Two Deletions in S-Network Composite Closed-End Fund Index Quarterly Reconstitution

March 20, 2019
One Addition and Two Deletions in S-Network Municipal Bond Closed-End Fund Index Semi-Annual Reconstitution