Two Deletions in S-Network Composite Closed-End Fund Index Quarterly Reconstitution
New York, NY, Tuesday, June 19, 2018 – The S-Network Composite Closed-End Fund Index (Ticker: CEFX) will drop two constituents in its quarterly reconstitution — effective 9:30 AM (EDT) Monday, July 2, 2018 — changing the number of index components to 140.
The deletions from CEFX are PIMCO CORPORATE & INCOME OPP (PTY US) and PIMCO HIGH INCOME FUND (PHK US).
The same changes will apply to the S-Network High-Yield Closed-End Fund Index (Ticker: CEFHYX), a sub-index of CEFX.
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
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 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...
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