New York, NY, Thursday, September 17, 2020 — The Gapstow Liquid Alternative Credit Index (Ticker: GLACI) will add six constituents and drop six constituents in its semi-annual reconstitution — effective 9:30 AM (ET) Thursday, October 1, 2020 — maintaining the number of index components at 35.
The additions to GLACI are: Western Asset High Income Opportunity Fund Inc (TICKER: HIO US), Broadmark Realty Capital Inc. (TICKER: BRMK US), KKR Real Estate Finance Trust Inc (TICKER: KREF US), Owl Rock Capital Corp (TICKER: ORCC US), PennyMac Mortgage Investment Trust (TICKER: PMT US), Great Ajax Corp (TICKER: AJX US).
The deletions from GLACI are: Invesco Senior Income Trust (TICKER: VVR US), Colony Credit Real Estate Inc (TICKER: CLNC US), TPG RE Finance Trust Inc (TICKER: TRTX US), New Mountain Finance Corp (TICKER: NMFC US), Two Harbors Investment Corp (TICKER: TWO US), Western Asset Mortgage Capital Corp (TICKER: WMC US).
The Gapstow Liquid Alternative Credit Index is an equal-weighted index that tracks the performance of 35 publicly-traded closed-end funds, BDCs, and REITs selected based on their exposure to a range of US alternative credit sectors (tradeable high yield, structured, and private credit) and borrower segments. GLACI is the first index built to provide diversified exposure to these sectors and borrowers.
The complete list of constituents and weights will be made available on the GLACI website by the effective date.
Index: Gapstow Liquid Alternative Credit Price Index (USD) TICKER: GLACIP
Index: Gapstow Liquid Alternative Credit Total Return Index (USD) TICKER: GLACI