Eight Securities Added to S-Network Composite Closed-End Fund Index (CEFX); Two Deleted

Share Article

The S-Network Composite Closed-End Fund Index (TICKER: CEFX) will add eight new components in its quarterly rebalancing, effective 6:00 PM (EST) Friday, September 30, 2011. Two components will be deleted, changing the number of index constituents to 125.

The S-Network Composite Closed-End Fund Index (TICKER: CEFX) will add eight new components in its quarterly rebalancing, effective 6:00 PM (EST) Friday, September 30, 2011. Two components will be deleted, changing the number of index constituents to 125.

The additions to CEFX are: Aberdeen Asia-Pacific Income Fund Inc. (TICKER: FAX US); Western Asset High Income Fund II Inc. (TICKER: HIX US); First Trust High Income Long/Short Fund (TICKER: FSD US); First Trust Senior Floating Rate Income Fund II (TICKER: FCT US); Cohen & Steers Select Preferred and Income Fund (TICKER: PSF US ); Credit Suisse High Yield Bond Fund (TICKER: DHY US); Nuveen Senior Income Fund (TICKER: NSL US); and Nuveen Build America Bond Opportunity Fund (TICKER: NBD US).

The deletions are: PIMCO Income Opportunity Fund (TICKER: PKO US) and Blackstone/GSO Senior Floating Rate Term Fund (TICKER: BSL US).
A complete list of constituents and weights will be posted on the S-Network Composite Closed-End Fund Index website (http://www.closedendfundindex.com/indexdata-form.php) as of the effective date.

In addition to these constituent changes, index values for CEFXTR will be restated on the index web site and with all relevant data vendors. No changes will be made to the historic values for the price index (CEFX). The change was required because of a shift in methodology for the CEFXTR. Previously, dividends were added to the total return index at the close on the ex date. Under the new methodology, dividends will be added to the total return index at the open on the ex 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 engage in asset management processes seeking to produce taxable annual yield. The 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 http://www.closedendfundindex.com. Data is also available through most vendors of financial data.

Index: S-Network Composite Closed-end Fund Index (USD) TICKER: CEFX

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Joseph LaCorte
S-Network Global Indexes, LLC
646-467-7927
Email >
Visit website