CEF Advisors

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04. 60/40 Balanced (w/ BDCs) Index

Data as of

About the Index

30% weighting of the index from CEF Advisors' Equity Income Index, 30% weighting of the index from CEF Advisors' Global Equity Index, then for bond exposure; the top 50% ranked by 90-day average trading dollar ($) liquidity: Multi-Sector Bond (8%) Debt-Focused Business Development Companies (BDCs) (6%), Sr. Loan Funds (6%), High Yield Bond (6%), Preferred Equity (5%), Convertible (5%), and Build America Bond (taxable municipals / BABs) (4%). The index constituents will be rebalanced each quarter.

Index Performance

Current($) Previous Day(%) 1 Week(%) 1 Month(%) 3 Month(%) 6 Month(%) 1 Year(%) 3 Year(%) 5 Year(%) MTD(%) QTD(%) YTD(%)
Price 1,110.41 -0.24 -2.94 -4.33 -9.67 -8.42 -5.15 9.49 5.54 -3.28 -9.61 -6.28
NAV 1,105.90 -0.11 -2.01 -3.42 -6.27 -5.51 -3.22 7.35 5.10 -2.63 -6.94 -3.91
Difference 0.12 0.93 0.91 3.40 2.91 1.93 -2.14 -0.44 0.65 2.67 2.37
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 2.27 -3.15 -0.68 -1.62 1.62 0.68 -0.18 2.12 0.50 2.52 1.28 -0.97 2.83 -8.02 1.60 - - - -3.00
NAV 3.15 -3.55 -0.69 -1.19 0.89 0.49 -0.22 1.16 -0.04 2.59 0.70 -0.23 3.07 -5.02 0.62 - - - -1.28
Difference 0.88 -0.40 -0.01 0.42 -0.73 -0.19 -0.04 -0.96 -0.54 0.07 -0.57 0.73 0.24 3.00 -0.98 - - - 1.72
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 3.74 2.93 0.91 7.75 2.97 0.94 0.87 4.85 12.59 2.43 -0.84 2.42 4.03 -0.01 -0.68 1.90 1.18 5.21 17.81
NAV 2.11 2.27 0.74 5.21 1.33 1.08 0.90 3.34 8.55 2.02 0.08 1.29 3.42 0.75 0.81 1.01 2.59 6.01 14.56
Difference -1.62 -0.65 -0.17 -2.54 -1.64 0.13 0.03 -1.51 -4.04 -0.41 0.92 -1.13 -0.61 0.77 1.50 -0.89 1.41 0.80 -3.25
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -5.40 0.25 7.55 2.00 3.32 0.95 2.24 6.63 8.64 4.62 0.92 -0.50 5.06 -2.65 0.37 2.25 -0.10 4.96 13.60
NAV -3.90 -0.71 5.51 0.67 2.47 1.09 1.09 4.72 5.39 3.36 0.45 0.51 4.36 -1.25 -0.04 1.69 0.37 4.73 10.12
Difference 1.50 -0.96 -2.05 -1.33 -0.85 0.14 -1.14 -1.91 -3.25 -1.26 -0.47 1.01 -0.70 1.40 -0.41 -0.56 0.47 -0.23 -3.47
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 0.83 3.78 -1.13 3.47 1.72 -0.53 -3.83 -2.69 0.77 -2.04 -4.99 -4.34 -10.96 7.42 -1.82 -1.95 3.41 -7.56 -6.78
NAV 0.26 3.08 -0.57 2.76 1.76 0.13 -2.17 -0.31 2.44 -0.34 -4.22 -3.33 -7.73 5.09 -1.41 -2.84 0.68 -7.05 -4.61
Difference -0.57 -0.70 0.56 -0.71 0.04 0.66 1.66 2.38 1.67 1.70 0.77 1.01 3.24 -2.33 0.41 -0.88 -2.73 0.51 2.18

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-7.36%
1Yr Disc
-4.88%
3Yr Disc
-5.68%
5Yr Disc
-5.96%
Rel Disc Range (3yr)
41.48%
Mkt Yield
9.19%
Lev Adj NAV Yield
7.27%
After Tax Yield*
7.62%
Est Tax Friction*
1.57%
3Yr NAV Volatiliy
11.30
1 Yr RoC
20.91%
3 Yr Dest RoC
7.46%
Leverage
20.11%
Non Lev Exp Ratio
1.60%
Beta (2yr)
0.59
Equity Exposure
54.94%
Bond Exposure
42.81%
# Holdings
168
Cash Weighted Duration
1.70
Comp NAV TR
0.49%
Comp Discount
1.10%
Net Assets (M)
814
Liquidity - 90d (K)
2,625
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Asset Allocation

Asset Allocation as reported by each fund's sponsor as of the last reporting period.

Constituents


168 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 0.78 -1.04 8.66 0.00 45.82 3,156 14,390
PDI PIMCO Dyn Incm Fd PIMCO 0.75 9.56 8.61 0.00 38.74 1,577 9,018
DSL DbLin Incm Solutions Fd Doubleline 0.73 -7.53 9.98 1.52 30.24 1,978 7,130
PHK PIMCO Hi Incm Fd PIMCO 0.83 37.09 11.54 20.31 22.80 795 5,526
GOF Gghm Stgc Opp Fd Guggenheim 0.77 6.74 11.13 11.66 0.00 589 3,662
BTZ BR Cr Alloc Incm Tr BlackRock 0.78 -13.05 6.90 0.00 32.92 1,404 2,703
RA Brkf Real Ast Incm Fd Brookfield 0.71 -13.37 12.05 30.54 24.33 835 3,496
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.75 -14.75 7.85 0.00 29.33 1,081 2,674
PFN PIMCO Incm Stgy Fd II PIMCO 0.76 2.51 9.81 0.00 23.05 574 2,445
BIT BR Mlt-Sctr Incm Tr BlackRock 0.78 -12.02 8.70 2.25 34.53 690 2,039
BHK BR Core Bnd Tr BlackRock 0.79 -9.12 6.32 0.00 29.37 733 1,451
ARCC Ares Capital Corp Ares 0.29 -3.96 9.47 0.00 37.10 7,315 33,470
PSEC Prospect Capital Corp Prospect Capital 0.28 -29.82 10.93 0.00 42.89 3,432 12,194
FSIC FS Investment Corp FB Income 0.26 -32.99 13.13 0.00 41.92 2,066 7,102
MAIN Main Street Cap Corp Main Street Capital 0.30 51.56 6.25 0.00 37.42 1,506 9,525
HTGC Hercules Capital Hercules 0.28 12.33 10.63 0.00 43.74 1,004 5,497
TSLX TPG Specialty Lending TSL Advisers 0.30 19.55 7.92 0.00 43.72 1,077 5,451
CCT Corporate Capital Tr KKR Credit 0.28 -29.32 11.70 0.00 41.65 2,413 6,248
BBDC Barings BDC Barings 0.30 -17.13 4.05 0.00 15.25 611 3,683
AINV Apollo Inv Corp Apollo Investment 0.28 -24.37 12.26 25.00 40.10 4,107 4,569
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.27 -9.49 11.71 0.00 16.59 336 2,457
NMFC New Mountain Fin Corp New Mountain Capital 0.30 -2.95 10.32 7.13 54.38 1,034 3,639
TCPC BR TCP Capital Corp Tennenbaum Capital 0.31 -0.90 10.01 0.00 45.79 853 4,483
GBDC Golub Capital BDC Golub Capital 0.29 11.37 7.14 0.00 46.07 969 3,266
NEWT Newtek Biz Serv Corp Newtek 0.29 30.10 10.06 0.00 47.76 289 3,341
GSBD Goldman Sachs BDC Goldman Sachs 0.28 9.60 9.06 0.00 42.68 729 2,081
CGBD TCG BDC Carlyle 0.26 -19.54 10.42 0.00 46.57 1,105 2,987
OCSL Oaktree Splty Lending Oaktree Capital 0.27 -26.27 8.46 0.00 41.07 858 1,760
BKCC BR Cap Inv Corp BlackRock 0.30 -25.33 12.59 0.00 29.14 534 1,726
SLRC Solar Capital Solar Capital 0.30 -4.15 7.79 0.00 28.33 928 1,793
GAIN Gladstone Inv Corp Gladstone 0.26 -20.00 8.29 0.00 36.86 404 1,789
PNNT PennantPark Inv Corp PennantPark 0.30 -19.76 9.85 0.00 43.47 629 1,610
PFLT PennantPark Flt Rt Cap PennantPark 0.29 -10.35 9.20 0.00 43.44 536 1,646
JQC Nuv Cr Stgs Incm Fd Nuveen 0.46 -13.30 6.11 0.00 36.51 1,184 2,941
PPR Voya Prime Rt Tr Voya 0.45 -13.44 6.61 0.00 29.51 802 2,422
VVR Invsc Sr Incm Tr Invesco 0.46 -13.35 5.72 3.79 29.49 850 2,476
JFR Nuv Flt Rt Incm Fd Nuveen 0.45 -11.65 7.48 0.00 37.02 620 1,911
VTA Invsc Dyn Cr Opp Fd Invesco 0.45 -14.40 6.97 15.98 30.46 931 2,400
JRO Nuv Flt Rt Incm Opp Fd Nuveen 0.45 -10.71 7.51 0.00 36.52 439 1,896
BGB B/GSO Stgc Cr Fd Blackstone 0.43 -11.98 9.26 0.00 36.74 723 2,572
EFR EV Sr Flt-Rt Tr Eaton Vance 0.45 -10.77 6.43 0.00 35.00 548 2,331
HFRO Highland Flt Rt Opp Fd Highland Capital 0.44 -3.87 6.52 16.49 30.64 1,058 1,686
FRA BR Flt Rt Incm Stgc Fd BlackRock 0.43 -12.92 6.21 0.00 29.43 532 1,996
ARDC Ares Dyn Cr Alloc Fd Ares 0.45 -14.24 8.89 0.00 29.16 389 1,640
EFT EV Flt-Rt Incm Tr Eaton Vance 0.43 -12.62 6.35 0.00 34.60 604 1,862
AFT Apollo Sr Flt Rt Fd Apollo Credit 0.45 -12.88 8.10 0.00 34.05 265 1,284
PHD Pioneer Flt Rt Tr Pioneer 0.45 -13.01 6.95 0.00 32.10 295 1,010
HYT BR Corp Hi Yld Fd BlackRock 0.36 -13.90 9.00 0.00 31.48 1,380 3,915
GHY Pru Glbl Srt Dur Hi Yld Fd Prudential 0.38 -14.60 7.39 7.13 29.44 642 1,997
FSD FT Hi Incm Lng/Srt Fd First Trust 0.37 -15.00 9.19 32.44 20.14 574 1,639
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.35 -11.96 10.59 0.98 29.74 383 1,613
ISD Pru Srt Dur Hi Yld Fd Prudential 0.38 -15.20 7.56 0.00 26.39 529 1,616
KIO KKR Incm Opp Fd KKR Credit 0.36 -10.67 10.07 1.77 30.50 339 1,416
DSU BR Dbt Stgs Fd BlackRock 0.37 -12.37 7.90 1.35 30.05 627 2,146
HIX WA Hi Incm Fd II Legg Mason 0.38 -13.75 9.16 4.98 28.10 596 1,709
HIO WA Hi Incm Opp Fd Legg Mason 0.38 -13.93 7.05 1.14 0.00 677 1,536
EAD WF Incm Opp Fd Wells Fargo 0.38 -12.85 9.65 3.68 27.20 590 1,556
ACP Abd Incm Cr Stgs Fd Aberdeen 0.32 -10.99 12.79 0.00 31.09 165 994
EHI WA Glbl Hi Incm Fd Legg Mason 0.38 -13.32 8.39 5.04 27.60 451 958
IVH Ivy Hi Incm Opp Fd Ivy Investment 0.36 -13.78 9.31 0.00 32.39 248 961
HYI WA Hi Yld Dfin Opp Fd Legg Mason 0.37 -12.52 7.80 0.00 0.00 355 1,037
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 0.40 -1.75 5.84 0.00 25.68 543 1,062
PHT Pioneer Hi Incm Tr Pioneer 0.36 -13.52 9.31 0.00 29.90 283 940
NHS NB Hi Yld Stgs Fd Neuberger Berman 0.37 -14.88 7.67 2.57 33.20 236 806
JPS Nuv Pref & Incm Sec Fd Nuveen 0.65 -10.65 8.35 0.00 35.23 1,836 5,046
FPF FT Imd Dur Pref & Incm Fd First Trust 0.64 -10.15 8.74 0.00 31.88 1,323 4,432
JPC Nuv Pref & Incm Opp Fd Nuveen 0.66 -8.01 8.50 0.06 35.60 967 3,204
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.63 -8.54 8.35 0.00 36.20 793 2,531
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 0.63 -9.26 8.72 10.50 30.00 682 2,235
PDT JH Prm Div Fd John Hancock 0.66 8.18 7.63 13.47 35.58 687 1,185
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 0.62 -9.35 8.60 0.00 36.60 437 1,491
HPS JH Pref Incm Fd III John Hancock 0.64 0.41 8.60 19.79 35.46 536 1,005
CHI Calamos Convt Opp & Incm Calamos 0.92 -3.24 9.75 20.53 34.36 721 3,644
CHY Calamos Convt & Hi Incm Fd Calamos 0.88 -3.64 9.87 26.03 34.54 784 3,041
NCV AG Convt & Incm Fd Allianz 0.98 8.33 13.04 24.42 40.45 493 2,041
CCD Calamos Dyn Convt & Incm Fd Calamos 0.95 -3.78 10.93 29.70 34.51 465 1,589
NCZ AG Convt & Incm Fd II Allianz 0.98 6.26 13.12 34.74 40.92 373 1,532
BBN BR Taxable Muni BndTr BlackRock 2.23 -6.00 6.74 0.00 37.17 1,285 4,357
NBB Nuv Taxable Muni Incm Fd Nuveen 2.17 -7.39 6.41 0.00 29.50 712 1,457
ADX Adams Divr Eq Fd Adams Express 0.68 -14.72 15.00 0.00 0.00 1,577 3,343
AEF Abd Emrg Mkt Eq Incm Fd Aberdeen 2.12 -13.33 14.26 0.00 9.04 449 905
AOD Abd Tot Dyn Div Fd Aberdeen 1.07 -14.97 9.00 12.91 0.00 970 3,108
ASG Liberty All-Star Gwth Fd ALPS 0.63 -9.85 9.42 0.00 0.00 190 1,076
BGY BR Enh Intl DivTr BlackRock 1.08 -12.78 7.92 14.27 0.00 635 1,954
BIF Boulder Gwth & Incm Fd Boulder 1.23 -17.38 3.90 18.18 0.00 1,341 1,658
CAF MS China A Shr Fd Morgan Stanley 0.80 -14.69 8.95 0.00 0.00 496 2,245
CET Cntrl Sec Corp Central Securities 0.74 -18.24 5.62 0.00 0.00 793 818
CLM Cornerstone Stgc Val Fd Cornerstone 1.20 9.35 20.06 84.05 0.00 812 8,007
CRF Cornerstone Tot Rtn Fd Cornerstone 1.17 9.96 19.98 82.01 0.00 414 4,726
DNI Div & Incm Fd Bexil 0.75 -23.92 7.60 4.62 2.18 171 621
EMF Tmp Emrg Mkt Fd Templeton 0.79 -13.04 0.00 0.00 0.00 264 849
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.45 -8.86 8.54 1.66 23.10 1,206 2,231
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 0.71 -0.77 10.44 2.87 24.30 304 933
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.57 -1.06 8.13 5.56 20.20 1,577 2,537
FDEU FT Dyn Euro Eq Incm Fd First Trust 1.90 -11.01 11.02 25.31 25.32 255 1,028
GAB Gabelli Eq Tr Gabelli 0.73 0.18 11.49 65.94 20.00 1,406 3,539
GAM General American Invstr General American Inv 0.70 -17.10 2.62 0.00 14.47 943 1,687
GDV Gabelli Div & Incm Tr Gabelli 1.46 -10.13 6.76 0.00 20.00 1,790 3,531
GGT Gabelli Multimedia Tr Gabelli 0.75 7.68 11.07 76.00 24.00 185 586
GLQ Clough Glbl Eq Fd Clough 0.99 -7.03 11.11 8.19 40.23 143 706
HIE Miller/Howard Hi Incm Eq Fd Miller/Howard 1.10 2.12 12.56 67.21 17.35 161 818
HTY JH Tx-Adv Glbl ShrHld Yld John Hancock 0.80 -8.38 9.14 49.15 0.00 84 407
IDE Voya Infra Ind & Matrls Fd Voya 0.97 -9.92 9.32 18.28 0.00 266 779
IFN India Fund Aberdeen 0.85 -13.42 13.30 0.00 0.00 667 2,370
IGD Voya Glbl Eq Div & Prm Opp Voya 1.04 -9.30 11.73 64.67 0.00 668 1,953
IHD Voya Emrg Mkt Hi Div Eq Fd Voya 0.82 -10.11 9.79 78.65 0.00 160 706
IIF MS India Inv Fd Morgan Stanley 0.80 -13.48 0.25 0.00 0.00 348 1,103
INF Brkf Glbl Lstd Infra Incm Fd Brookfield 0.79 -16.62 8.92 88.43 27.11 179 618
JCE Nuv Core Eq Alpha Fd Nuveen 0.73 -3.31 8.45 0.00 0.00 218 634
JOF Japan Sml Caplz Fd Nomura 0.79 -11.42 2.96 0.00 0.00 330 737
JTD Nuv Tx-Adv Div Gwth Fd Nuveen 0.74 -4.17 8.84 33.00 32.86 229 508
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 0.94 -12.68 10.12 28.99 30.00 151 552
MXF Mexico Fund Impulsora del 0.68 -13.59 7.86 83.90 0.00 221 483
RMT Royce Micro-Cap Tr Legg Mason 0.69 -11.04 6.57 23.12 9.38 361 1,263
RVT Royce Val Tr Legg Mason 1.05 -11.70 11.27 0.00 4.42 1,383 4,512
TDF Tmp Dragon Fd Templeton 0.75 -12.45 1.28 0.00 0.00 675 2,506
TY Tri-Cont Corp Columbia Mngmt 1.19 -11.96 3.97 0.00 2.20 1,556 1,689
USA Liberty All-Star Eq Fd ALPS 1.10 -7.62 11.23 0.00 0.00 1,216 5,764
EXG EV Tx-Mgd Glol Divr Eq Incm Eaton Vance 0.17 0.86 11.12 91.15 0.00 2,453 7,059
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.18 0.50 7.61 39.20 0.00 827 3,999
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.17 -3.75 9.15 53.28 0.00 1,716 4,213
BDJ BR Enh Eq Div Tr BlackRock 0.17 -11.33 6.95 7.02 0.00 1,705 3,483
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.18 1.13 9.31 72.74 0.00 1,015 4,423
NFJ AG NFJ Div Int & Prm Stgy Allianz 0.17 -14.13 7.83 94.50 0.00 1,268 3,006
BST BR Sci & Tech Tr BlackRock 0.16 5.07 6.25 14.01 0.00 614 3,891
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 0.18 -3.98 7.66 84.62 0.00 1,383 2,655
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.17 0.89 10.74 56.68 0.00 1,082 2,770
BOE BR Enh Glbl DivTr BlackRock 0.18 -13.53 7.63 15.87 0.00 786 3,082
EOS EV Enh Eq Incm Fd II Eaton Vance 0.17 -3.03 6.99 13.00 0.00 739 2,339
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 0.18 -3.99 10.24 71.79 0.00 591 2,156
CII BR Enh Cap & Incm Fd BlackRock 0.17 -7.98 6.73 70.90 0.00 708 1,701
DIAX Nuv Dow 30SM Dyn Owrt Fd Nuveen 0.18 -3.61 7.14 66.40 0.00 651 1,418
NTG Tortoise MLP Fd Tortoise 0.18 -7.71 13.07 80.00 34.30 886 5,444
KYN KA MLP/Midstream Inv Co Kayne Anderson 0.18 -5.24 11.98 83.33 35.34 2,000 8,765
TYG Tortoise Nrg Infra Corp Tortoise 0.18 -4.62 12.08 75.00 30.50 1,198 6,019
FEI FT MLP & Nrg Incm Fd First Trust 0.18 -11.06 11.40 92.68 26.82 556 2,518
CEM CB MLP & Midstream Fd Legg Mason 0.17 -10.58 12.54 100.00 34.01 891 3,374
CEN Center Coast MLP & Infr Fd Center Coast 0.18 -0.90 16.28 100.00 30.70 234 1,637
JMF Nuv Nrg MLP Total Rtn Fd Nuveen 0.18 -9.03 11.27 100.00 28.16 398 1,751
NML NB MLP Incm Fd Neuberger Berman 0.18 -13.24 8.99 100.00 22.90 479 1,927
KMF KA Midstream/Nrg Fd Kayne Anderson 0.18 -13.52 11.58 96.67 32.79 586 2,326
FEN FT Nrg Incm & Gwth Fd First Trust 0.20 -4.11 11.69 100.00 26.42 414 2,050
GER GS MLP & Nrg Renaissance Fd Goldman Sachs 0.17 -9.29 12.60 0.00 31.82 445 1,806
FPL FT New Opp MLP & Nrg Fd First Trust 0.18 -12.21 11.18 99.95 26.75 236 1,396
GMZ GS MLP Incm Opp Fd Goldman Sachs 0.18 -7.13 11.13 6.09 32.01 361 1,304
RQI C&S Qlty Incm Rty Fd Cohen & Steers 0.89 -9.53 8.23 0.00 24.50 1,408 3,452
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 0.86 -15.85 8.97 63.00 11.00 927 2,567
AWP Abd Glbl Prmr Prop Fd Aberdeen 0.85 -12.18 11.09 56.43 0.00 526 1,841
EOD WF Glbl Div Opp Fd Wells Fargo 0.34 -12.28 12.16 0.00 15.30 263 877
HQH Tekla Health Invstr Tekla 0.79 -9.65 10.23 17.24 0.00 932 3,189
THQ Tekla Health Opp Fd Tekla 0.88 -10.29 7.63 54.00 20.21 830 2,546
THW Tekla Wld Health Fd Tekla 0.86 -8.75 10.92 75.10 20.57 427 1,588
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 0.79 -6.43 15.27 59.83 12.00 570 2,630
BCX BR Res & Com Stgy Tr BlackRock 0.76 -14.98 8.39 60.97 0.00 825 2,255
BGR BR Nrg & Res Tr BlackRock 0.75 -8.59 7.95 70.92 0.00 382 1,233
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.39 -4.84 8.83 6.65 33.53 1,821 3,993
NHF NexPoint Stgc Opp Fd NexPoint Advisors 0.45 -10.32 11.18 25.69 16.87 774 2,090
NIE AG Eq & Convt Incm Fd Allianz 0.40 -10.57 7.71 0.00 0.00 611 2,086
GLO Clough Glbl Opp Fd Clough 0.39 -11.80 11.65 0.20 40.15 330 1,447
ZTR Virtus Glbl Div & Inc Fd Virtus 0.42 -3.42 13.71 67.77 28.32 252 1,003
RIV RiverNorth Opp Fd RiverNorth 0.42 -3.41 15.33 24.32 4.40 122 1,289
UTG Reaves Util Incm Fd W.H. Reaves 0.58 -2.23 6.48 0.00 21.91 1,568 5,278
UTF C&S Infra Fd Cohen & Steers 0.54 -8.92 8.71 0.00 29.30 2,000 4,990
DNP DNP Sel Incm Fd Duff & Phelps 0.56 15.83 7.06 41.03 26.72 2,762 3,950
DPG D&P Glbl Util Incm Fd Duff & Phelps 0.51 -14.51 10.42 35.29 28.80 596 1,421
GUT Gabelli Util Tr Gabelli 0.59 25.51 9.76 98.17 28.00 261 993
IAE Voya AP Hi Div Eq Incm Fd Voya 1.27 -13.33 9.56 74.81 0.00 118 414
BTO JH Fin Opp Fd John Hancock 1.21 2.08 6.79 13.85 14.67 592 1,720

DISCLOSURES:

These indexes were created and developed by Closed-End Fund Advisors, Inc. CEF Advisors launched these indexes in January 2017 based on December 31, 2016 data and began pricing on January 1, 2017. CEF Advisors does not guarantee the accuracy or the completeness of the index or any data included therein and CEF Advisors shall have no liability for any errors, omissions or interruptions therein. CEF Advisors makes no warranty, express or implied, as to results to be obtained by any person or entity from the use of the index or any data included therein. CEF Advisors makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, in no event shall CEF Advisors have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) arising out of matters relating to the use of the index, even if notified of the possibility of such damages.

The historical values above have not been verified by an independent third party. The historical performance data is for illustrative purposes only and does not represent the actual performance of any investment product. No representation is being made that any investment will achieve performance similar to that shown. The index does not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the historical performance shown. The index is unmanaged and an investor cannot invest directly in the index.

Performance information for the index is for illustrative purposes only and does not represent the performance of any actual investment. The historical performance of the price and NAV of the index should not be taken as an indication of future performance, and no assurance can be given as to the index's value on any date. The data for the historical performance of the index was calculated on materially the same basis on which the performance of the index is now calculated. Discounts are the result of a closed-end fund’s market price deviating from its Net Asset Value (NAV).

In case any constituents of the index experience a liquidation, merger, open-ending or are no longer a closed-end fund, we will remove them as of their last day of existence. For mergers, if the merged fund is in the same sub-grouping inside CEFdata.com, then we will replace the merged fund with it's replacement in equal dollar terms. If a fund is liquidated, open-ended, etc, we will remove the fund and its allocation from the index. In this case, for example. If a fund was 2% of the index then future pricing would assume a full allocation was 98%. The 2% is adsorbed on a pro-rata basis by all surviving funds.

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2017. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Class E Units       8% PIK             8.00 %   11/6/2021     4,055,099       4,055,099       4,055,099       2.32 %