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

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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 6.86% $4,844,203.81
FIRST EAGLE SENIOR LOAN FUND FSLF 6.41% $4,529,948.42
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND VTA 6.19% $4,371,601.71
APOLLO SENIOR FLOATING RATE FUND INC AFT 5.88% $4,152,982.37
INVESCO SENIOR INCOME TRUST VVR 5.32% $3,755,055.55
NUVEEN CREDIT STRATEGIES INCOME FUND JQC 5.13% $3,622,351.16
EATON VANCE SENIOR FLOATING RATE FUND EFR 5.12% $3,615,005.69
HIGHLAND INCOME FUND HFRO 4.88% $3,445,242.06
EATON VANCE FLOATING-RATE INCOME TRUST EFT 4.65% $3,281,305.76
BLACKROCK FLOATING RATE INCOME TRUST BGT 4.63% $3,268,044.42
NUVEEN FLOATING RATE INCOME OPPORTUNITY FUND ETF JRO 4.63% $3,270,338.70
PIONEER FLOATING RATE TRUST PHD 4.52% $3,191,556.46
NUVEEN FLOATING RATE INCOME FUND JFR 4.41% $3,116,809.24
BLACKSTONE / GSO STRATEGIC CREDIT FUND BGB 4.33% $3,061,174.89
BLACKROCK FLOATING RATE INCOME STRAT FRA 4.04% $2,852,684.53
BLACKSTONE/GSO LONG-SHORT CREDIT INCOME FUND BGX 3.80% $2,686,123.57
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND JSD 3.74% $2,645,034.69
NUVEEN SENIOR INCOME FUND NSL 3.56% $2,513,396.35
BLACKSTONE / GSO SENIOR FLOATING RATE TERM FUND BSL 3.33% $2,351,257.51
EATON VANCE SENIOR INCOME TRUST EVF 3.02% $2,135,145.30
VOYA PRIME RATE TRUST PPR 2.54% $1,797,751.49
FIRST TRUST SENIOR FLOATING RA FIV 1.73% $1,223,387.30
EATON VANCE FLOATING-RATE 2022 TARGET TERM TRUST EFL 1.29% $911,023.25

Index Stats

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

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