ETF Ventures

ISE High Income Index (YLDA)

Index Description

The ISE High Income™ Index has been created to provide investors with a product allowing them to quickly take advantage of both event-driven news and long term trends of the U.S. Closed-End Fund marketplace. The Index looks to capture the top 30 closed-end funds as determined by a multivariate ranking scheme.

The ISE High Income index has been licensed to YieldShares as the basis for a new ETF. To learn more about YieldShares and the ETF, please visit www.yieldshares.com

Index Information

Summary Statistics (See Index Holdings Information here)

As of 7/31/2015                                                     
Indicated Yield   10.22%  
     
Average CEF Discount  -12.50.%  
     
Index Characteristics    
Average Market Capitalization $1,035,143,408  
Medium Market Capitalization $648,776,978  
Maximum Market Capitalization $2,963,362,305  
Minimum Market Capitalization $444,975,372  
     
Fixed Income    
Characteristics Debt Only Index
Overall Duration       3.86      2.55
Leverage     29.19%  19.29%
Overall Credit Rating B-  
     
Asset Class Allocation    
Asset Class Allocation Yield
Equity     33.92%   10.43%
Debt     66.08%   10.11%
     
 Issuer Allocation    
 Issuer Name  Allocation  

 Eaton Vance

     13.12%  
 Blackrock      10.42%  
 Alpine Woods Capital Investors        8.69%  
 Allianz / Pimco        7.71%  
 Prudential        7.43%  
 MFS        7.29%  
 Legg Mason        6.13%  
 Clough Capital Partners        4.55%  
 DoubleLine        4.47%  
 First Trust        4.47%  
 Voya Investments (ING)        4.24%  
 Morgan Stanley        3.61%  
 Gabelli Funds        3.58%  
 Aberdeen        3.21%  
 Calamos        3.13%  
 Wells Fargo        3.06%  
 Blackstone/GSO        2.73%  
 Nuveen        1.19%  
 Invesco        0.97%