Prime
Senior Loan & Income
Closed End Fund Index
The index is designed to benefit from a rising interest rate environment. It seeks to achieve this by selecting senior loan and floating rate Closed-End Funds (“CEF’s”) that have a substantial allocation to floating rate senior loans or other floating rate instruments.
FACT SHEET
Prime Senior Loan & Income CEF Index Factsheet
PDF
INDEX KEY FACTS
Base Date: February 03, 2017
Total number of holdings:
18
Launch date: February 06, 2017
Reconstitution: Annually (January)
Index calculation agent: Solactive AG
Weighting scheme: Factor-weighted by Prime Score™
INDEX SYMBOLS
| Version | Bloomberg | Reuters | ISIN |
|---|---|---|---|
| Prime Senior Loan and Income CEF Index GTR | PFCEF Index | .PFCEF | DE000SLA2258 |
| Prime Senior Loan and Income CEF Index NTR | N/A | .PFCEFN | DE000SLA2266 |
| Prime Senior Loan and Income CEF Index PR | N/A | .PFCEFP | DE000SLA2274 |
INDEX COMPOSITION
| Component Name | Ticker | Weight |
|---|---|---|
| HIGHLAND INCOME FUND | HFRO | 11.10% |
| SABA CAPITAL INCOME & OPPORTUNITIES CEF | BRW | 9.14% |
| INVESCO SENIOR INCOME TRUST | VVR | 9.12% |
| NUVEEN CREDIT STRATEGIES INCOME FUND | JQC | 8.48% |
| NUVEEN FLOATING RATE INCOME OPPORTUNITY FUND ETF | JRO | 6.04% |
| FIRST TRUST SENIOR FLOATING RATE INCOME FUND II | FCT | 5.99% |
| NUVEEN SENIOR INCOME FUND | NSL | 5.81% |
| BLACKROCK DEBT STRATEGIES FUND INC | DSU | 5.77% |
| BLACKSTONE STRATEGIC CREDIT FUND | BGB | 5.76% |
| NUVEEN FLOATING RATE INCOME FUND | JFR | 5.68% |
| EATON VANCE SENIOR FLOATING RATE FUND | EFR | 5.36% |
| BLACKSTONE LONG-SHORT CREDIT INCOME FUND | BGX | 5.05% |
| BLACKROCK FLOATING RATE INCOME STRAT | FRA | 4.27% |
| EATON VANCE FLOATING-RATE INCOME TRUST | EFT | 3.91% |
| BLACKSTONE SENIOR FLOATING RATE TERM FUND | BSL | 3.29% |
| PIONEER FLOATING RATE FUND INC | PHD | 2.24% |
| BLACKROCK FLOATING RATE INCOME TRUST | BGT | 1.58% |
| APOLLO SENIOR FLOATING RATE FUND INC | AFT | 1.40% |
Index Stats
| Yield | 7.78% |