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

Data as of 04/26/2024 03/28/2024 02/29/2024 01/31/2024 12/29/2023 11/30/2023 10/31/2023 09/29/2023 08/31/2023 07/31/2023 06/30/2023 05/31/2023 04/28/2023 03/31/2023 03/23/2023 02/28/2023 01/31/2023 12/30/2022 11/30/2022 10/31/2022 09/30/2022 08/31/2022 07/29/2022 06/30/2022 05/31/2022 04/29/2022 03/31/2022 02/28/2022 02/11/2022 01/31/2022 12/31/2021 11/30/2021 10/29/2021 09/30/2021 08/31/2021 07/30/2021 06/30/2021 05/28/2021 04/30/2021 03/31/2021 02/26/2021 01/29/2021 12/31/2020 11/30/2020 10/30/2020 09/30/2020 08/31/2020 07/31/2020 06/30/2020 05/29/2020 04/30/2020 03/31/2020 02/28/2020 01/31/2020 12/31/2019 11/29/2019 10/31/2019 09/30/2019 08/30/2019 07/31/2019 06/28/2019 05/31/2019 04/30/2019 03/29/2019 02/28/2019 01/31/2019 12/31/2018 11/30/2018 10/31/2018 09/28/2018 08/31/2018 07/31/2018 06/29/2018 05/31/2018 04/30/2018 03/29/2018 02/28/2018 01/31/2018 12/29/2017 11/30/2017 10/31/2017 09/29/2017 08/31/2017 06/30/2017

• About
• Performance
• Discount
• Characteristics
• Asset Allocation
• Constituents
• Prices
• Disclosure

Index Performance

	Current($)	Previous Day(%)	1 Week(%)	1 Month(%)	3 Month(%)	6 Month(%)	1 Year(%)	3 Year(%)	5 Year(%)	10 Year(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,709.89	0.79	1.97	-1.87	3.06	20.72	14.26	1.39	6.39	6.28	-2.79	-2.79	4.24
NAV	1,638.35	0.47	1.50	-1.56	2.72	15.55	12.91	2.17	6.17	5.87	-2.14	-2.14	2.49
Difference		-0.32	-0.47	0.31	-0.34	-5.17	-1.35	0.79	-0.22	-0.41	0.65	0.65	-1.75
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.02

2024 - Monthly Performance (%) Show Previous Years
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2024
Price	1.89	2.22	2.96	7.23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	-0.01	2.05	2.65	4.74	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-1.90	-0.18	-0.31	-2.49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2023 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2023
Price	9.69	-2.61	-1.88	4.82	0.49	-2.20	5.47	3.66	8.65	3.60	-2.57	-3.33	-2.42	-4.76	8.41	4.29	7.68	5.07	14.15
NAV	6.43	-2.74	0.20	3.72	0.97	-1.65	4.26	3.54	7.39	2.73	-1.77	-2.69	-1.80	-2.63	6.64	4.41	8.41	6.46	14.32
Difference	-3.26	-0.13	2.08	-1.09	0.48	0.55	-1.21	-0.12	-1.26	-0.87	0.80	0.64	0.62	2.13	-1.77	0.12	0.73	1.39	0.17
2022 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-3.17	-2.88	1.76	-4.30	-6.88	-0.81	-7.22	-14.30	-17.99	8.08	-2.59	-11.64	-6.98	5.99	5.77	-5.08	6.40	-1.02	-18.83
NAV	-2.92	-1.40	1.04	-3.28	-5.53	-0.45	-6.68	-12.24	-15.12	5.98	-2.54	-7.51	-4.47	4.17	4.98	-2.87	6.22	1.48	-13.86
Difference	0.25	1.48	-0.72	1.02	1.35	0.36	0.54	2.06	2.87	-2.09	0.05	4.13	2.51	-1.82	-0.78	2.21	-0.18	2.50	4.96
2021 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	1.62	4.47	3.74	10.13	3.78	2.48	1.62	8.08	19.02	-0.40	2.11	-2.69	-1.03	4.14	-2.58	2.51	4.00	2.93	22.51
NAV	0.90	2.50	1.98	5.47	3.19	1.67	1.01	5.97	11.76	0.08	1.50	-2.00	-0.45	3.17	-2.03	2.22	3.32	2.85	14.94
Difference	-0.72	-1.97	-1.77	-4.66	-0.59	-0.81	-0.61	-2.11	-7.26	0.48	-0.61	0.69	0.58	-0.97	0.55	-0.29	-0.68	-0.08	-7.56
2020 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2020
Price	0.36	-9.50	-21.75	-28.93	12.59	5.87	1.68	21.20	-13.87	4.09	3.86	-2.83	5.06	-1.96	14.61	4.35	17.26	23.19	6.10
NAV	-0.28	-5.29	-18.27	-22.82	10.16	4.39	2.27	17.61	-9.23	4.52	3.37	-2.14	5.72	-0.51	9.54	3.90	13.24	19.71	8.67
Difference	-0.64	4.21	3.48	6.12	-2.44	-1.48	0.60	-3.59	4.64	0.42	-0.50	0.68	0.66	1.45	-5.06	-0.46	-4.02	-3.47	2.57
2019 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2019
Price	11.90	2.46	1.13	15.95	2.46	-4.08	5.17	3.37	19.86	1.28	-1.92	2.32	1.63	1.04	1.10	2.96	5.18	6.90	28.13
NAV	7.27	2.04	1.33	10.91	1.97	-3.42	4.31	2.73	13.93	0.35	-1.13	1.36	0.57	1.14	0.95	2.96	5.13	5.72	20.45
Difference	-4.64	-0.42	0.20	-5.04	-0.50	0.66	-0.86	-0.65	-5.93	-0.93	0.79	-0.95	-1.07	0.10	-0.15	-0.00	-0.05	-1.18	-7.68
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	0.47	2.52	1.28	-0.97	2.83	-8.02	1.60	-7.42	-13.48	-11.03	-10.61
NAV	3.15	-3.55	-0.69	-1.19	0.89	0.49	-0.22	1.16	-0.05	2.59	0.70	-0.23	3.07	-5.02	0.62	-5.01	-9.22	-6.43	-6.47
Difference	0.88	-0.40	-0.01	0.42	-0.73	-0.19	-0.04	-0.96	-0.52	0.07	-0.57	0.73	0.24	3.00	-0.98	2.41	4.26	4.60	4.14
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	12.97	2.43	-0.84	2.42	4.03	-0.01	-0.68	1.90	1.18	5.26	18.91
NAV	2.11	2.27	0.74	5.21	1.33	1.08	0.90	3.34	8.72	2.02	0.08	1.29	3.42	0.75	0.81	1.01	2.59	6.10	15.36
Difference	-1.62	-0.65	-0.17	-2.54	-1.64	0.13	0.03	-1.51	-4.25	-0.41	0.92	-1.13	-0.61	0.77	1.50	-0.89	1.41	0.84	-3.56
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	8.77	4.62	0.92	-0.50	5.06	-2.65	0.37	2.25	-0.10	4.95	14.16
NAV	-3.90	-0.71	5.51	0.67	2.47	1.09	1.09	4.72	5.42	3.36	0.45	0.51	4.36	-1.25	-0.04	1.69	0.37	4.75	10.43
Difference	1.50	-0.96	-2.05	-1.33	-0.85	0.14	-1.14	-1.91	-3.35	-1.26	-0.47	1.01	-0.70	1.40	-0.41	-0.56	0.47	-0.21	-3.73
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	0.68	-2.04	-4.99	-4.34	-10.96	7.42	-1.82	-1.95	3.41	-7.93	-7.30
NAV	0.26	3.08	-0.57	2.76	1.76	0.13	-2.17	-0.31	2.43	-0.34	-4.22	-3.33	-7.73	5.09	-1.41	-2.84	0.68	-7.10	-4.84
Difference	-0.57	-0.70	0.56	-0.71	0.04	0.66	1.66	2.38	1.75	1.70	0.77	1.01	3.24	-2.33	0.41	-0.88	-2.73	0.83	2.46
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	-0.57	3.92	0.66	4.00	1.57	2.40	2.25	6.35	10.60	-1.89	2.44	-3.29	-2.80	1.14	0.91	-2.50	-0.50	-3.28	6.98
NAV	-0.36	3.22	1.01	3.89	1.11	2.00	2.01	5.21	9.30	-1.07	2.36	-2.79	-1.56	1.17	0.43	-1.67	-0.09	-1.65	7.50
Difference	0.21	-0.70	0.35	-0.11	-0.45	-0.40	-0.24	-1.13	-1.30	0.81	-0.08	0.50	1.23	0.03	-0.48	0.83	0.41	1.62	0.52
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	6.45	0.79	2.03	9.46	1.65	-1.26	-2.51	-2.15	7.11	1.59	-3.00	2.40	0.91	3.55	-0.44	1.68	4.82	5.78	13.30
NAV	4.16	0.38	1.95	6.59	2.30	-0.41	-2.90	-1.08	5.44	3.11	-1.99	3.10	4.18	2.97	0.65	0.99	4.67	9.05	14.99
Difference	-2.29	-0.41	-0.08	-2.87	0.65	0.85	-0.39	1.07	-1.67	1.52	1.00	0.70	3.28	-0.58	1.09	-0.69	-0.15	3.28	1.69
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	7.91	3.88	0.14	12.25	0.53	-5.35	3.60	-1.43	10.64	2.77	2.18	2.83	7.97	-0.91	-1.01	1.17	-0.77	7.14	18.55
NAV	4.57	3.36	0.48	8.60	0.36	-5.28	2.76	-2.32	6.08	2.30	1.65	2.44	6.53	0.31	0.34	1.51	2.17	8.84	15.45
Difference	-3.34	-0.52	0.34	-3.64	-0.16	0.06	-0.84	-0.90	-4.57	-0.46	-0.53	-0.38	-1.45	1.22	1.35	0.34	2.94	1.70	-3.09

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -7.28%	1Yr Disc -8.01%	3Yr Disc -5.35%	5Yr Disc -5.61%	Rel Disc Range (3yr) 35.85%
Mkt Yield 9.53%	Lev Adj NAV Yield 7.54%	After Tax Yield* 8.20%	Est Tax Friction* 1.33%	3Yr NAV Volatiliy 14.47
1 Yr RoC 42.49%	3 Yr Dest RoC 28.02%	Leverage 18.85%	Non Lev Exp Ratio 1.66%	Beta (2yr) 0.77
Equity Exposure 55.94%	Bond Exposure 41.56%	# Holdings 155	Cash Weighted Duration 1.40
Comp NAV TR 0.25%	Comp Discount -1.42%	Net Assets (M) 1,025	Liquidity - 90d (K) 3,316
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

155 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PDI	PIMCO Dyn Incm Fd	PIMCO	0.68	11.73	13.96	19.62	39.54	5,122	28,680
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.70	22.47	15.02	60.35	19.70	1,656	10,779
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.68	3.02	11.82	19.96	41.03	1,438	5,755
DSL	DbLin Incm Solutions Fd	Doubleline	0.66	0.08	10.79	7.35	21.77	1,253	4,659
RA	Brkf Real Ast Incm Fd	Brookfield	0.67	-13.72	11.32	50.29	17.27	804	3,004
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.65	-9.18	9.98	35.42	36.56	1,037	2,560
HFRO	Highland Opp & Incm Fd	NexPoint	0.63	-49.88	7.16	0.00	16.14	879	1,993
PAXS	PIMCO Access Incm Fd	PIMCO	0.68	2.27	11.69	11.72	42.48	660	2,874
WDI	WA Divr Incm Fd	Franklin Templeton	0.68	-7.77	12.20	0.00	31.30	793	2,813
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.67	2.85	11.93	17.34	20.89	605	2,096
PHK	PIMCO Hi Incm Fd	PIMCO	0.67	4.36	12.03	8.71	20.32	714	2,171
BHK	BR Core Bnd Tr	BlackRock	0.66	0.29	8.67	38.84	33.11	556	1,879
ARCC	Ares Capital Corp	Ares	0.27	8.00	9.24	0.00	49.93	11,204	76,245
FSK	FS KKR Capital Corp	FS/KKR	0.28	-20.97	13.24	0.00	53.16	6,850	33,087
OBDC	Blue Owl Cap Corp	Blue Owl	0.29	3.11	9.29	0.00	52.38	6,021	32,689
BXSL	Blackstone Secur Lending Fd	Blackstone	0.28	20.37	9.60	0.00	48.47	5,108	28,567
HTGC	Hercules Capital	Hercules	0.28	66.84	8.39	0.00	45.50	1,810	17,686
MAIN	Main Street Cap Corp	Main Street Capital	0.28	68.25	5.86	0.00	40.56	2,481	17,066
GBDC	Golub Capital BDC	Golub Capital	0.28	15.77	8.97	0.00	54.11	2,564	15,053
OCSL	Oaktree Splty Lending	Oaktree Capital	0.27	3.61	11.09	0.00	49.68	1,511	13,320
PSEC	Prospect Capital Corp	Prospect Capital	0.26	-40.92	13.66	0.00	51.03	3,693	11,266
CSWC	Cap Southwest Corp	Capital Southwest	0.28	54.38	8.81	0.00	47.42	721	9,475
GSBD	Goldman Sachs BDC	Goldman Sachs	0.29	7.32	11.47	0.00	51.86	1,604	9,507
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.27	27.23	8.49	0.00	53.24	1,497	9,340
TRIN	Trinity Capital	Trinity Capital	0.29	15.09	13.44	0.00	48.79	613	7,424
PFLT	PennantPark Flt Rt Cap	PennantPark	0.27	0.79	10.70	0.00	49.38	703	6,735
FDUS	Fidus Investment Corp	Fidus	0.28	5.37	8.43	0.00	42.76	594	6,042
NMFC	New Mountain Fin Corp	New Mountain Capital	0.27	-1.17	10.06	0.00	57.22	1,324	5,855
TCPC	BR TCP Capital Corp	BlackRock	0.26	-15.21	13.48	0.00	58.19	1,019	5,066
BBDC	Barings BDC	Barings	0.27	-17.38	11.16	0.00	53.80	1,196	4,967
RWAY	Runway Gwth Fin Corp	Runway Gwth Cap	0.28	-5.33	12.52	0.00	47.27	547	4,428
MSDL	MS Direct Lending Fd	MS Cap Patnr Advis	0.27	3.87	0.00	N/A	45.24	1,838	3,055
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.28	-6.42	10.20	0.00	50.80	1,136	4,700
MFIC	MidCap Fin Invt Corp	Apollo	0.27	-1.49	10.01	0.00	58.77	1,006	3,852
CION	CION Inv Corp	CION Inv Mgmt	0.28	-29.51	11.89	0.00	60.69	874	3,507
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.61	-7.44	11.87	2.03	37.87	1,244	4,847
FSCO	FS Cr Opp Corp	FS/KKR	0.61	-16.45	12.22	0.00	33.41	1,398	3,915
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.61	-6.80	11.82	3.47	38.03	797	3,348
VVR	Invsc Sr Incm Tr	Invesco	0.61	4.93	12.11	16.35	31.36	621	2,713
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	0.62	2.18	14.53	5.79	38.17	375	2,811
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.62	-0.84	11.38	9.98	21.38	464	2,076
AIF	Apollo Tactical Incm Fd	Apollo	0.61	-3.53	12.15	0.00	36.04	213	2,024
BGB	Blackstone Stgc Cr 2027 Trm Fd	Blackstone	0.61	-7.69	9.48	0.00	37.15	569	1,675
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.60	-4.87	10.17	0.00	35.12	334	1,406
BGT	BR Flt Rt Incm Fd	BlackRock	0.61	0.70	11.19	9.17	22.99	286	1,213
HYT	BR Corp Hi Yld Fd	BlackRock	0.41	1.68	9.66	25.15	25.61	1,360	3,887
DLY	DbLin Yld Opp Fd	Doubleline	0.39	-3.60	9.18	3.05	19.34	759	2,531
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.40	-7.77	11.04	22.79	12.34	563	2,273
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.40	-2.83	18.40	32.25	28.72	350	2,229
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.40	-10.31	10.98	36.36	21.40	524	1,717
HIX	WA Hi Incm Fd II	Franklin Templeton	0.41	-3.12	13.52	24.96	25.59	404	1,908
KIO	KKR Incm Opp Fd	KKR Credit	0.41	-2.06	10.95	0.00	35.32	369	1,739
DSU	BR Dbt Stgs Fd	BlackRock	0.40	-0.83	11.07	9.67	20.27	503	1,666
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.40	-8.17	10.10	26.44	20.60	452	1,479
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.40	-12.42	8.59	20.23	22.40	425	1,212
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.40	-7.13	10.87	46.58	31.95	415	1,244
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.40	-8.76	11.36	13.01	0.00	391	1,193
EAD	Allspring Incm Opp Fd	Allspring	0.40	-10.43	9.67	0.00	30.51	425	1,213
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.42	-6.48	9.21	0.00	26.17	224	1,109
DHF	BNY Mellon Hi Yld Stgs Fd	BNY Mellon	0.40	-12.78	9.05	0.00	28.78	193	700
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.63	-10.24	8.13	0.00	37.72	2,495	5,696
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.62	-8.41	9.65	18.00	33.43	1,135	2,739
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.61	-8.56	8.70	14.81	34.50	1,117	2,417
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.61	-11.94	7.54	0.00	38.90	767	2,013
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.62	-7.52	8.14	12.83	33.70	607	1,712
PDT	JH Prm Div Fd	John Hancock	0.62	-7.28	8.83	19.24	38.02	595	1,504
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.61	-13.82	8.46	1.41	36.55	476	850
HPI	JH Pref Incm Fd	John Hancock	0.63	3.31	9.12	8.94	37.31	418	1,019
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.05	17.47	10.61	42.26	36.43	502	2,270
CHI	Calamos Convt Opp & Incm	Calamos	1.01	12.90	10.34	47.47	36.85	734	1,995
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.00	9.67	10.58	49.54	36.97	793	1,601
NCZ	Virtus Convt & Incm Fd II	Virtus	0.97	-12.15	12.77	88.33	38.54	244	1,227
NCV	Virtus Convt & Incm Fd	Virtus	0.98	-11.91	12.83	87.50	37.54	326	1,583
BBN	BR Taxable Muni BndTr	BlackRock	1.95	-8.93	7.19	22.56	31.70	1,052	3,132
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	1.97	2.43	9.68	43.95	24.32	373	993
ADX	Adams Divr Eq Fd	Adams Funds	0.91	-14.31	5.06	0.00	0.00	2,748	3,258
AGD	abrdn Glbl Dyn Div Fd	abrdn	0.91	-14.05	8.28	25.53	0.33	273	511
AOD	abrdn Tot Dyn Div Fd	abrdn	1.36	-15.10	8.58	32.28	2.57	998	2,240
ASG	Liberty All-Star Gwth Fd	ALPS	1.25	-9.17	9.32	25.00	0.00	336	1,529
BGY	BR Enh Intl DivTr	BlackRock	1.34	-14.26	7.67	68.63	0.00	619	1,080
BIGZ	BR Innovation & Gwth Trm Tr	BlackRock	1.19	-17.65	7.38	100.00	0.00	1,970	4,957
BSTZ	BR Sci & Tech Trm Tr	BlackRock	1.27	-17.78	7.11	93.28	0.00	1,630	4,717
CAF	MS China A Shr Fd	Morgan Stanley	0.95	-17.79	1.00	0.00	0.00	258	726
CET	Cntrl Sec Corp	Central Securities	0.92	-18.10	4.50	0.00	0.00	1,426	1,494
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.30	7.20	17.85	49.87	0.00	1,615	10,365
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.32	13.80	16.77	44.92	0.00	726	5,127
EOD	Allspring Glbl Div Opp Fd	Allspring	0.91	-15.24	9.48	0.00	17.83	232	641
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	0.90	-12.19	8.83	4.00	19.80	1,531	2,099
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.91	-9.60	8.52	0.00	19.20	442	660
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.81	-10.87	8.63	6.97	19.70	1,914	2,662
GAB	Gabelli Eq Tr	Gabelli	0.90	-0.19	11.30	54.47	18.00	1,607	3,243
GAM	General American Invstr	General American Inv	0.93	-18.72	5.76	0.00	13.35	1,344	909
GDV	Gabelli Div & Incm Tr	Gabelli	1.80	-17.01	6.00	23.39	12.00	2,386	3,608
HGLB	Highland Glbl Alloc Fd	NexPoint	1.27	-38.96	14.01	0.00	3.11	258	504
IFN	India Fund	abrdn	0.84	-3.43	9.41	0.00	0.00	582	3,803
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.40	-10.73	11.45	70.75	0.00	463	1,164
IIF	MS India Inv Fd	Morgan Stanley	0.96	-19.24	6.98	0.00	0.00	287	918
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.93	-2.84	9.36	85.68	0.00	226	642
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.35	-13.80	8.07	72.22	29.63	235	601
MXF	Mexico Fund	Impulsora del	0.90	-20.85	4.83	7.21	0.00	340	524
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.33	-14.72	10.26	91.67	0.00	1,081	3,011
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.88	-13.86	6.78	42.93	0.38	513	985
RVT	Royce Val Tr	Franklin Templeton	1.26	-12.92	7.56	4.71	1.87	1,863	3,296
STEW	SRH Tot Rtn Fd	Paralel Advisors	0.89	-22.77	3.85	33.55	11.11	1,795	1,030
TDF	Tmp Dragon Fd	Franklin Templeton	0.98	-15.35	0.00	N/A	0.00	246	446
TWN	Taiwan Fund	Nomura	0.91	-19.19	1.14	0.00	0.00	341	755
TY	Tri-Cont Corp	Columbia Mngmt	0.90	-12.51	3.44	0.00	2.00	1,780	1,121
USA	Liberty All-Star Eq Fd	ALPS	1.27	-0.29	10.64	0.00	0.00	1,898	5,420
BDJ	BR Enh Eq Div Tr	BlackRock	0.25	-11.87	8.41	17.46	0.00	1,694	4,062
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.25	-12.32	9.81	70.68	0.00	2,809	4,071
BST	BR Sci & Tech Tr	BlackRock	0.24	-1.55	8.59	33.83	0.00	1,231	3,583
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.25	-3.83	9.13	0.00	0.00	2,134	3,097
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.25	-7.89	9.46	65.57	0.00	1,597	2,909
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.25	-10.89	7.30	37.64	0.00	1,260	2,846
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.24	-14.95	9.29	0.00	0.00	1,344	2,481
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.25	-11.87	7.45	42.99	0.00	1,501	2,411
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.25	-13.28	10.09	55.20	0.00	998	2,123
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.25	-6.00	9.33	40.26	0.00	1,090	1,688
BOE	BR Enh Glbl DivTr	BlackRock	0.25	-14.84	7.49	71.39	0.00	730	1,551
KYN	KA Nrg Infra Fd	Kayne Anderson	0.40	-14.16	9.02	8.49	21.32	1,923	4,507
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.40	-7.49	6.72	33.18	28.09	659	1,072
NML	NB Nrg Infra & Incm Fd	Neuberger Berman	0.41	-13.34	9.38	100.00	18.85	488	1,802
TYG	Tortoise Nrg Infra Corp	Tortoise	0.41	-18.44	8.97	42.07	21.50	418	1,368
SRV	NXG Cushing Midstream Nrg Fd	Cushing	0.40	-0.82	13.18	84.67	25.47	120	1,420
FEI	FT MLP & Nrg Incm Fd	First Trust	0.41	-1.31	6.13	26.50	17.85	449	1,275
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.41	-6.78	6.48	21.51	27.70	567	981
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.64	-5.42	8.74	15.24	29.40	1,562	4,316
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.64	-7.37	14.69	33.63	25.02	740	3,036
AWP	abrdn Glbl Prmr Prop Fd	abrdn	0.66	-1.85	12.94	74.22	14.94	323	1,042
RLTY	C&S Rel-Est Opp & Incm Fd	Cohen&Steers	0.63	-9.96	9.93	56.65	34.60	247	938
BMEZ	BR Health Sci Trm Tr	BlackRock	0.63	-15.20	7.34	100.00	0.00	1,850	4,412
THQ	abrdn Health Opp Fd	abrdn	0.67	-8.19	11.20	71.57	19.60	868	3,291
HQH	abrdn Health Invstr	abrdn	0.67	-14.60	11.94	67.98	0.00	931	2,595
THW	abrdn Wld Health Fd	abrdn	0.67	6.11	11.05	77.32	20.10	455	1,419
BCX	BR Res & Com Stgy Tr	BlackRock	0.72	-14.27	6.72	60.33	0.00	910	3,000
PDX	Dyn Incm Stgy Fd	PIMCO	0.72	-10.33	6.34	20.74	9.08	1,069	2,497
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.75	-0.49	8.82	85.44	11.00	632	1,882
FIF	FT Nrg Infra Fd	First Trust	0.71	-0.76	6.59	0.00	20.10	288	1,094
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	0.37	-11.58	11.12	80.39	0.00	1,866	3,850
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.39	-2.17	7.79	25.00	30.56	2,588	3,397
NIE	Virtus Eq & Convt Incm Fd	Virtus	0.39	-10.50	9.13	56.64	0.00	678	1,540
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.39	-14.08	8.10	15.68	0.00	577	1,138
ZTR	Virtus Tot Rtn Fd	Virtus	0.39	-10.47	11.13	92.19	30.68	413	1,377
RIV	RiverNorth Opp Fd	RiverNorth	0.39	-4.43	13.27	79.25	31.99	262	976
SCD	LMP Cap & Incm Fd	Franklin Templeton	0.39	-4.28	8.92	69.37	19.16	272	872
UTG	Reaves Util Incm Fd	W.H. Reaves	0.45	0.34	8.70	3.96	20.93	2,038	8,330
UTF	C&S Infra Fd	Cohen&Steers	0.46	3.21	8.04	19.34	30.00	2,158	5,387
DNP	DNP Sel Incm Fd	Virtus	0.46	13.62	8.82	26.18	28.20	2,821	5,215
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	0.45	-13.12	12.45	17.24	25.00	722	1,883
ASGI	abrdn Glbl Infra Incm Fd	abrdn	0.45	-13.86	10.46	9.88	0.00	504	1,285
DPG	D&P Util & Infra Fd	Virtus	0.46	-13.33	8.97	85.27	28.93	412	1,326
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.93	-13.66	12.72	75.00	0.00	79	225
AEF	abrdn Emrg Mkt Eq Incm Fd	abrdn	0.93	-15.15	7.14	81.50	10.32	301	512
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	0.88	-26.81	22.28	94.34	0.00	50	220
BTO	JH Fin Opp Fd	John Hancock	0.87	-2.03	9.43	17.21	17.79	554	1,416

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, 2019. 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.

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