NEW YORK, Dec. 9, 2010 /PRNewswire/ -- The S-Network Composite Closed-End Fund Index (TICKER: CEFX) will add nineteen new components, effective 9:00 AM (EDT) Monday, December 20, 2010. One stock will be deleted from the index, changing the number of index components to 116. The changes result from the quarterly rebalancing of the index.
The additions to CEFX are: Eaton Vance Senior Floating-Rate Trust (TICKER: EFR); Western Asset Global High Income Fund (TICKER: EHI); Wells Fargo Advantage Multi-Sector Income Fund (TICKER: ERC); Eaton Vance Limited Duration Income Fund (TICKER: EVV); Flaherty & Crumrine/Claymore Preferred Securities Income Fund (TICKER: FFC); John Hancock Preferred Income Fund II (TICKER: HPF); John Hancock Preferred Income Fund (TICKER: HPI); John Hancock Preferred Income Fund III (TICKER: HPS); Nuveen Floating Rate Income Fund (TICKER: JFR); Nuveen Floating Rate Income Opportunity Fund (TICKER: JRO); PIMCO Income Strategy Fund (TICKER: PFL); PIMCO Income Strategy Fund II (TICKER: PFN); Pioneer Floating Rate Trust (TICKER: PHD); ING Prime Rate Trust (TICKER: PPR); PIMCO Strategic Global Government Fund (TICKER: RCS); Western Asset High Yield Defined Opportunity Fund (TICKER: HYI); Guggenheim Build America Bonds Managed Duration Trust (TICKER: GBAB); BlackRock Build America Bond Trust (TICKER: BBN); and ING Infrastructure, Industrials and Materials Fund (TICKER: IDE). All are US listed securities.
The deletion to CEFX is: Western Asset Variable Rate Strategic Fund (TICKER: GFY).
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.
The S-Network Composite Closed-End Fund Index (TICKER: CEFX) is a fund index designed to serve as a benchmark for closed-end funds listed in the US that 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, including constituent data, rules and price 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 Index (USD) TICKER: CEFX
S-Network Global Indexes
SOURCE S-Network Composite Closed-End Fund Index