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.
Summary Statistics (See Index Holdings Information here)
|As of 10/31/2013|
|Average CEF Discount||-7.53%|
|Average Market Capitalization||$1,091,171,941|
|Medium Market Capitalization||$893,942,688|
|Maximum Market Capitalization||$2,975,785,400|
|Minimum Market Capitalization||$501,594,879|
|Overall Credit Rating||BB|
|Asset Class Allocation|
|First Trust Advisors||2.70%|