• S-Network Global Indexes
  • Posted June 16, 2017

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

New York, NY, June 16, 2017 – The S-Network Composite Closed-End Fund Index (Ticker: CEFX) will add three constituents and drop two constituents in its quarterly reconstitution, effective 9:30 AM (EDT) Monday, July 3, 2017, changing the number of index components to 141.

 

The additions to CEFX are FIRST TRUST SENIOR FLOATING (TICKER: FIV US), NUVEEN PREFERRED INCOME 2022 (TICKER: JPT US) and RIVERNRTH/DOUBLELNE STR OPP (TICKER: OPP US).

 

The deletions from CEFX are WESTERN ASSET INCOME FUND (TICKER: PAI US) and JOHN HANCOCK INVEST TRUST (TICKER: JHI US).

 

The changes will be distributed across three sub-indexes of CEFX:

 

The S-Network High-Yield Fixed Income Closed-End Fund Index (Ticker: CEFHYX) will add FIRST TRUST SENIOR FLOATING (TICKER: FIV US), NUVEEN PREFERRED INCOME 2022 (TICKER: JPT US) and RIVERNRTH/DOUBLELNE STR OPP (TICKER: OPP US).

 

The S-Network Investment Grade Fixed Income Closed-End Fund Index (Ticker: CEFIGX) will drop WESTERN ASSET INCOME FUND (TICKER: PAI US) and JOHN HANCOCK INVEST TRUST (TICKER: JHI US).

 

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