Bringing you live news and features since 2006 

Highest yielding ETFs in US are based on S-Network Indexes

RELATED TOPICS​

Two of the highest yielding US-registered ETFs are based on indexes published by S-Network Global Indexes, LLC (S-Network), according to a report by ETFChannel.com.

The current 30-day SEC yield for the Powershares CEF Income Composite Portfolio (Ticker: PCEF), which is based on the S-Network Composite Closed-End Fund Index (TICKER: CEFX), is +8.02%.

The current 30-day SEC yield for the Market Vectors CEF Municipal Income ETF (Ticker: XMPT), which is based on the S-Network Municipal Bond Closed-End Fund Index (Ticker: CEFMX), is +5.66% and is almost entirely exempt from federal taxation. XMPT is the highest yielding tax exempt ETF in the market.

Paul Mazzilli (pictured), exchange-traded fund (ETF) and closed-end fund (CEF) analyst and architect of the indexes: “This is an overlooked corner of the market that offers great yields in an economic environment where even meager yields are harder and harder to find."

The S-Network Family of Closed-End Fund Indexes are net asset value (NAV) weighted indexes based on US-listed and registered closed-end funds from specific high yield sectors. Index weighting preferences are given to funds trading at discounts to their net asset value, meaning investors in the ETFs can buy assets for less than they are worth.  The average discount for the index underlying PCEF is currently -4.135%.

Richard Phillips, Senior Index Analyst at S-Network, says: "These ETFs offer the high yields and solid performance of our Closed-End Fund Indexes and they wrap all of the operational details in one simple package."

The indexes provide a broad cross-section of two corners of the USD224 billion US closed-end fund market. The index underlying PCEF contains 125 different closed-end funds and includes some of the most prominent fixed income managers in the country, including PIMCO and Blackrock. The index underlying XMPT contains 82 different municipal bond closed-end funds.
 

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by