One Deletion in S-Network Bank Loan/Short Duration Closed-End Fund Index Semi-Annual Reconstitution
New York, NY, Wednesday, June 20, 2018 — The S-Network Bank Loan/Short Duration Closed-End Fund Index (Ticker: CEFBLX) will drop one constituent in its semi-annual reconstitution — effective 9:30 AM (EST) Monday, July 2, 2018 — changing the number of index components to 38.
The deletion from CEFBLX is APOLLO SENIOR FLOATING RATE (TICKER: AFT US).
CEFBLX 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 through investment in senior bank loans and other short duration instruments. CEFBLX employs a modified total net assets weighting methodology designed to assure accurate investment exposure across the various business segments that together comprise the bank loan/short duration sector of the closed-end fund market.
Detailed information on the S-Network Bank Loan/Short Duration Closed-End Fund Index is available at www.closedendfundindex.com. Data is also available through most vendors of financial data.
Index: S-Network Bank Loan/Short Duration Closed-End Fund Price Index TICKER: CEFBLX
Index: S-Network Bank Loan/Short Duration Closed-End Fund Total Return Index TICKER: CEFBLXTR
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. S-Network began publishing indexes in 2006 and currently publishes over 300 indexes, which serve as the underlying portfolios for financial products with approximately USD 7 billion in assets under management. S-Network indexes, which are supported by a state-of-the-art technology platform, are known for their transparency and efficiency. More...