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: 23
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 Market Cap
FIRST TRUST SENIOR FLOATING RATE INCOME FUND II FCT 7.09% $4,993,186.78
FIRST EAGLE SENIOR LOAN FUND FSLF 6.42% $4,522,429.83
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND VTA 6.00% $4,230,110.14
APOLLO SENIOR FLOATING RATE FUND INC AFT 5.94% $4,183,694.65
INVESCO SENIOR INCOME TRUST VVR 5.39% $3,799,232.68
NUVEEN CREDIT STRATEGIES INCOME FUND JQC 5.23% $3,684,060.72
HIGHLAND INCOME FUND HFRO 5.16% $3,636,151.09
EATON VANCE SENIOR FLOATING RATE FUND EFR 5.08% $3,576,411.33
NUVEEN FLOATING RATE INCOME OPPORTUNITY FUND ETF JRO 4.69% $3,304,010.14
BLACKROCK FLOATING RATE INCOME TRUST BGT 4.62% $3,256,171.41
EATON VANCE FLOATING-RATE INCOME TRUST EFT 4.61% $3,249,420.28
NUVEEN FLOATING RATE INCOME FUND JFR 4.37% $3,081,211.17
BLACKSTONE / GSO STRATEGIC CREDIT FUND BGB 4.32% $3,042,144.50
PIONEER FLOATING RATE TRUST PHD 4.27% $3,006,782.14
BLACKROCK FLOATING RATE INCOME STRAT FRA 4.08% $2,873,097.30
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND JSD 3.78% $2,663,089.53
BLACKSTONE/GSO LONG-SHORT CREDIT INCOME FUND BGX 3.71% $2,612,439.38
NUVEEN SENIOR INCOME FUND NSL 3.59% $2,529,823.78
BLACKSTONE / GSO SENIOR FLOATING RATE TERM FUND BSL 3.27% $2,303,422.85
EATON VANCE SENIOR INCOME TRUST EVF 2.96% $2,087,254.19
VOYA PRIME RATE TRUST PPR 2.47% $1,741,300.35
FIRST TRUST SENIOR FLOATING RA FIV 1.71% $1,202,850.83
EATON VANCE FLOATING-RATE 2022 TARGET TERM TRUST EFL 1.24% $870,799.07

Index Stats

Yield 7.73%
Avg. CEF Prem./Disc. -7.99%
Avg. CEF Leverage 34.05%

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