Three Additions and One Deletion in S-Network Composite Closed-End Fund Index Quarterly Reconstitution
New York, NY, December 20, 2017 – The S-Network Composite Closed-End Fund Index (Ticker: CEFX) will add three constituents and drop one constituent in its quarterly reconstitution — effective 9:30 AM (EDT) Tuesday, January 2, 2017 — changing the number of index components to 142.
The additions to CEFX are: BLACKROCK 2022 GLOBAL INCOME (TICKER: BGIO US), PIMCO HIGH INCOME FUND (TICKER: PHK US), GUGGENHEIM STRATEGIC OPPORTU (TICKER: GOF US).
The deletion from CEFX is: MFS GOVT MARKETS INC TRUST (TICKER: MGF US).
The changes will affect the following sub-indexes of CEFX:
The S-Network High-Yield Closed-End Fund Index (Ticker: CEFHYX) will add BLACKROCK 2022 GLOBAL INCOME (TICKER: BGIO US) and PIMCO HIGH INCOME FUND (TICKER: PHK US).
The S-Network Investment Grade Fixed Income Closed-End Fund Index (Ticker: CEFIGX) will add GUGGENHEIM STRATEGIC OPPORTU (TICKER: GOF US) and drop MFS GOVT MARKETS INC TRUST (TICKER: MGF 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 Committee today announced the following rule change to be effective 90 days from the present, adding to Section IV, Eligibility Criteria:
xi) Term trusts must have a termination date of 3 or more years from the effective date of the new portfolio to be eligible for inclusion.
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
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. Founded in 1997, S-Network publishes over 200 indexes, which serve as the underlying portfolios for financial products with over USD 8 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...
One Addition in S-Network Composite Closed-End Fund Index Quarterly Reconstitution
Mar 21, 2018
No Additions or Deletions in S-Network Municipal Bond Closed-End Fund Index Semi-Annual Reconstitution
Mar 14, 2018
One Deletion in S-Network Bank Loan/Short Duration Closed-End Fund Index Semi-Annual Reconstitution
Dec 22, 2017
S-Network Global Indexes, Inc.
267 Fifth Avenue, Suite 508
Phone: (646) 467-7928