7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

10. All Sector Equity CEF Index

Data as of 06/18/2021 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(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,774.33	-1.73	-3.81	1.17	7.45	19.84	47.01	12.15	13.56	-1.57	5.71	18.30
NAV	1,611.99	-1.62	-3.29	0.75	5.34	14.63	37.53	10.78	11.40	-1.59	4.81	12.80
Difference		0.11	0.52	-0.42	-2.11	-5.21	-9.48	-1.37	-2.16	-0.01	-0.90	-5.50
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00

2021 - Monthly Performance (%) Show Previous Years
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	1.94	5.28	4.27	11.91	4.11	3.16	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	0.74	3.49	3.22	7.62	4.15	2.26	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-1.20	-1.78	-1.05	-4.29	0.03	-0.90	-	-	-	-	-	-	-	-	-	-	-	-	-
2020 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2020
Price	-0.69	-10.84	-21.27	-30.29	14.01	5.04	1.63	21.71	-15.16	3.78	4.51	-3.93	4.20	-2.13	16.23	5.28	19.76	24.79	5.87
NAV	-1.49	-7.88	-19.54	-26.98	12.95	4.92	1.88	20.74	-11.84	4.71	3.85	-3.31	5.14	-1.04	12.18	4.69	16.22	22.19	7.72
Difference	-0.80	2.96	1.73	3.31	-1.06	-0.12	0.25	-0.97	3.32	0.93	-0.67	0.62	0.94	1.10	-4.05	-0.59	-3.54	-2.60	1.85
2019 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2019
Price	12.93	2.71	1.27	17.46	2.47	-5.65	6.39	2.86	20.82	0.87	-2.92	2.88	0.74	1.57	1.02	3.64	6.35	7.14	29.45
NAV	9.39	2.39	1.50	13.69	2.16	-5.39	5.82	2.27	16.27	-0.13	-2.04	1.96	-0.25	1.68	1.16	3.64	6.60	6.33	23.63
Difference	-3.53	-0.32	0.23	-3.77	-0.31	0.26	-0.57	-0.59	-4.55	-1.00	0.88	-0.93	-1.00	0.10	0.14	0.00	0.25	-0.81	-5.81
2018 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2018
Price	4.51	-4.40	-1.77	-1.87	1.99	0.27	-0.46	1.79	-0.11	2.99	1.06	-0.77	3.28	-9.80	2.89	-8.90	-15.45	-12.68	-12.78
NAV	4.64	-5.38	-1.17	-2.15	1.26	0.58	-0.62	1.22	-0.96	3.62	0.58	-0.57	3.63	-7.18	1.70	-7.03	-12.24	-9.06	-9.93
Difference	0.13	-0.98	0.60	-0.28	-0.72	0.31	-0.16	-0.58	-0.85	0.62	-0.47	0.20	0.35	2.62	-1.19	1.87	3.21	3.63	2.85
2017 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2017
Price	5.02	3.40	1.58	10.30	3.42	1.16	1.12	5.78	16.68	2.87	-0.75	2.84	5.00	0.26	-0.47	2.64	2.42	7.54	25.48
NAV	3.07	2.78	1.14	7.13	1.31	1.03	1.00	3.37	10.74	2.72	0.04	1.42	4.21	0.67	1.24	1.28	3.23	7.58	19.14
Difference	-1.95	-0.62	-0.44	-3.17	-2.11	-0.13	-0.12	-2.41	-5.94	-0.15	0.79	-1.42	-0.79	0.41	1.71	-1.35	0.81	0.04	-6.34
2016 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2016
Price	-7.24	0.15	8.22	0.53	3.36	0.78	1.80	6.04	6.61	4.71	0.24	-0.37	4.57	-3.25	0.89	1.69	-0.75	3.79	10.64
NAV	-5.62	-0.75	6.96	0.18	2.30	0.97	1.03	4.35	4.55	3.66	-0.16	0.27	3.77	-2.25	0.47	1.88	0.06	3.83	8.55
Difference	1.62	-0.90	-1.26	-0.35	-1.06	0.19	-0.77	-1.69	-2.06	-1.05	-0.40	0.64	-0.80	1.01	-0.42	0.19	0.80	0.04	-2.10
2015 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2015
Price	0.44	4.65	-1.69	3.33	1.92	-0.07	-3.73	-1.95	1.31	-2.42	-6.92	-5.12	-13.82	9.32	-2.46	-2.45	4.03	-10.35	-9.18
NAV	-0.13	4.02	-1.25	2.58	2.34	-0.01	-2.76	-0.51	2.06	-0.71	-6.02	-4.42	-10.81	7.34	-1.75	-3.02	2.27	-8.78	-6.90
Difference	-0.57	-0.63	0.43	-0.75	0.42	0.06	0.96	1.45	0.75	1.71	0.91	0.69	3.01	-1.98	0.70	-0.57	-1.75	1.57	2.27

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -5.01%	1Yr Disc -8.60%	3Yr Disc -7.21%	5Yr Disc -7.12%	Rel Disc Range (3yr) 70.44%
Mkt Yield 7.14%	Lev Adj NAV Yield 6.26%	After Tax Yield* 6.17%	Est Tax Friction* 0.97%	3Yr NAV Volatiliy 25.39
1 Yr RoC 44.14%	3 Yr Dest RoC 19.43%	Leverage 11.20%	Non Lev Exp Ratio 1.36%	Beta (2yr) 1.05
Equity Exposure 90.22%	Bond Exposure 7.82%	# Holdings 89	Cash Weighted Duration 0.07
Comp NAV TR -1.69%	Comp Discount 1.50%	Net Assets (M) 957	Liquidity - 90d (K) 2,637
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

89 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
ADX	Adams Divr Eq Fd	Adams Funds	1.22	-13.45	4.68	0.00	0.00	2,468	3,209
AEF	Abd Emrg Mkt Eq Incm Fd	Aberdeen	1.20	-10.56	7.13	5.32	7.36	510	456
AOD	Abd Tot Dyn Div Fd	Aberdeen	1.76	-8.47	6.87	1.89	0.84	1,158	2,960
ASG	Liberty All-Star Gwth Fd	ALPS	1.19	4.18	7.80	0.00	0.00	355	1,460
BGY	BR Enh Intl DivTr	BlackRock	1.77	-5.56	6.29	61.85	0.00	712	1,568
BIF	Boulder Gwth & Incm Fd	Boulder	1.93	-13.68	3.07	2.41	12.88	1,515	1,228
BSTZ	BR Sci & Tech Tr II	BlackRock	1.86	-3.19	5.13	12.42	0.00	3,227	6,861
CAF	MS China A Shr Fd	Morgan Stanley	1.16	-10.01	8.30	0.00	0.00	551	609
CET	Cntrl Sec Corp	Central Securities	1.25	-16.01	4.14	0.00	0.00	1,282	804
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.55	10.80	17.19	40.24	0.00	1,184	16,084
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.53	12.50	16.94	44.28	0.00	600	8,184
EMF	Tmp Emrg Mkt Fd	Franklin Templeton	1.18	-8.45	3.37	0.00	4.15	344	456
EOD	WF Glbl Div Opp Fd	Wells Fargo	1.83	-2.73	9.28	0.00	16.00	254	1,380
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	2.69	-4.94	5.98	28.55	19.20	1,651	2,640
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	1.29	-2.25	5.88	5.36	19.00	466	1,521
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	2.58	-0.33	6.42	2.36	18.50	2,000	3,155
FDEU	FT Dyn Euro Eq Incm Fd	First Trust	2.95	-9.02	5.33	42.94	22.87	256	457
FUND	Sprott Focus Tr	Sprott	1.23	-9.06	6.51	0.00	0.00	276	404
GAB	Gabelli Eq Tr	Gabelli	1.13	2.93	9.00	49.17	20.00	1,696	4,008
GAM	General American Invstr	General American Inv	1.24	-13.65	5.84	0.00	14.35	1,210	869
GDV	Gabelli Div & Incm Tr	Gabelli	2.64	-9.28	5.19	0.56	10.00	2,536	4,522
GGT	Gabelli Multimedia Tr	Gabelli	1.19	10.40	8.92	13.36	29.00	226	495
GLQ	Clough Glbl Eq Fd	Clough	1.53	-12.01	11.62	0.00	32.72	208	1,621
HGLB	Highland Glbl Alloc Fd	Highland Capital	1.96	-23.58	9.46	4.38	27.45	259	1,705
HIE	Miller/Howard Hi Incm Eq Fd	Miller/Howard	1.26	-5.05	5.57	27.44	19.80	204	766
IDE	Voya Infra Ind & Matrls Fd	Voya	1.68	-4.25	7.40	74.34	0.00	213	1,422
IFN	India Fund	Aberdeen	1.20	-7.44	10.42	51.49	0.00	647	2,189
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.75	-6.46	8.08	74.08	0.00	513	2,293
IHD	Voya Emrg Mkt Hi Div Eq Fd	Voya	2.82	-6.81	8.91	80.50	0.00	165	508
IIF	MS India Inv Fd	Morgan Stanley	1.21	-14.05	0.02	0.00	0.00	319	424
JCE	Nuv Core Eq Alpha Fd	Nuveen	1.25	-1.77	7.56	5.94	0.00	262	871
JOF	Japan Sml Caplz Fd	Nomura	1.12	-11.89	3.81	0.00	0.00	291	404
JTA	Nuv Tx-Adv Tot Rtn Stgy Fd	Nuveen	1.22	-8.74	6.88	64.48	29.18	170	447
JTD	Nuv Tx-Adv Div Gwth Fd	Nuveen	1.22	-8.46	7.51	26.32	28.97	248	646
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.24	-1.49	6.74	0.00	25.93	271	758
RMT	Royce Micro-Cap Tr	Franklin Templeton	1.23	-10.29	5.40	18.34	3.71	587	1,420
RVT	Royce Val Tr	Franklin Templeton	1.84	-9.41	6.53	4.95	3.56	2,069	3,771
SPE	Spl Opp Fd	Bulldog	1.20	-17.19	7.48	0.00	28.85	169	975
TDF	Tmp Dragon Fd	Franklin Templeton	1.13	-8.60	5.03	0.00	0.00	849	868
TY	Tri-Cont Corp	Columbia Mngmt	1.85	-9.41	2.88	0.00	2.00	1,923	1,001
USA	Liberty All-Star Eq Fd	ALPS	2.08	8.76	9.33	0.00	0.00	1,711	9,309
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.33	-1.38	7.39	91.83	0.00	3,071	6,480
BST	BR Sci & Tech Tr	BlackRock	0.32	4.30	4.80	8.01	0.00	1,369	4,509
BDJ	BR Enh Eq Div Tr	BlackRock	0.32	-3.72	6.10	6.55	0.00	1,901	4,668
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.33	2.81	7.28	78.02	0.00	2,051	4,319
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.32	2.69	6.27	95.71	0.00	1,193	3,190
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.32	6.10	8.13	96.25	0.00	1,413	4,552
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.32	-10.78	6.21	36.71	0.00	1,540	3,181
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.32	0.00	8.07	47.34	0.00	1,162	3,412
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.32	-3.58	6.14	56.08	0.00	1,511	2,862
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.32	-0.44	5.25	61.34	0.00	1,129	2,215
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	0.33	13.24	7.84	79.55	0.00	656	2,335
BOE	BR Enh Glbl DivTr	BlackRock	0.32	-7.24	6.21	45.95	0.00	841	2,044
STK	ClmbSlgmn Prm Tech Gwth Fd	Columbia Mngmt	0.34	6.27	5.38	0.00	0.00	515	1,879
KYN	KA Nrg Infra Fd	Kayne Anderson	0.47	-9.64	7.03	100.00	26.67	1,194	4,743
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.49	-14.25	6.67	100.00	28.90	456	1,948
TYG	Tortoise Nrg Infra Corp	Tortoise	0.46	-20.43	4.78	100.00	26.20	427	1,445
FEI	FT MLP & Nrg Incm Fd	First Trust	0.45	-8.87	7.78	78.37	18.86	383	1,378
FEN	FT Nrg Incm & Gwth Fd	First Trust	0.43	-2.10	8.32	96.47	19.53	286	1,102
KMF	KA NextGen Nrg & Infra	Kayne Anderson	0.42	-19.14	5.01	30.81	25.71	419	978
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.49	-18.21	6.61	100.00	28.90	374	1,394
NML	NB MLP & Nrg Incm Fd	Neuberger Berman	0.47	-19.52	3.56	100.00	13.40	351	783
GER	GS MLP & Nrg Renaissance Fd	Goldman Sachs	0.48	-15.14	5.71	53.56	0.00	222	746
NTG	Tortoise Midstream Nrg Fd	Tortoise	0.46	-22.47	4.84	100.00	25.00	216	788
RQI	C&S Qlty Incm Rty Fd	Cohen & Steers	1.45	-3.37	6.31	0.00	26.10	2,113	6,488
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Clarion	1.48	-7.46	6.91	66.90	22.18	1,094	3,451
AWP	Abd Glbl Prmr Prop Fd	Aberdeen	1.39	-7.86	7.73	65.75	16.64	576	2,879
BMEZ	BR Health Sci Tr II	BlackRock	1.09	-3.85	6.06	5.86	N/A	3,363	6,704
HQH	Tekla Health Invstr	Tekla	1.01	-2.27	8.00	0.00	0.00	1,143	3,712
THW	Tekla Wld Health Fd	Tekla	1.07	5.01	8.68	100.00	20.91	571	3,394
THQ	Tekla Health Opp Fd	Tekla	1.05	-1.63	5.87	31.91	19.47	966	2,252
BCX	BR Res & Com Stgy Tr	BlackRock	1.37	-3.87	5.23	66.59	0.00	843	4,136
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	1.45	-5.29	9.57	83.61	12.00	620	3,569
NRGX	PIMCO Nrg & Tac Cr Opp Fd	PIMCO	1.58	-12.00	5.55	79.90	15.91	622	1,578
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.68	2.62	6.99	0.00	28.34	2,664	4,276
GLO	Clough Glbl Opp Fd	Clough	0.64	-7.26	11.09	8.79	32.91	409	2,811
NIE	Virtus AG Eq & Convt Incm Fd	Virtus	0.68	-9.10	5.21	0.00	0.00	889	1,894
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	0.69	-6.53	7.52	0.00	20.50	436	1,748
ZTR	Virtus Tot Rtn Fd	Virtus	0.73	6.29	9.63	75.63	26.13	446	1,888
RIV	RiverNorth Opp Fd	RiverNorth	0.68	3.91	11.45	30.00	7.41	183	1,749
DNP	DNP Sel Incm Fd	Virtus	0.70	8.11	7.50	18.22	26.82	3,243	7,512
UTG	Reaves Util Incm Fd	W.H. Reaves	0.68	2.96	6.26	0.00	16.84	1,806	6,203
UTF	C&S Infra Fd	Cohen & Steers	0.65	2.01	6.80	11.42	26.10	2,511	5,778
DPG	D&P Util & Infra Fd	Virtus	0.69	1.02	10.06	63.36	29.80	522	2,272
BUI	BR Util Infra & Pwr OppTr	BlackRock	0.68	5.89	5.61	25.74	0.00	493	1,572
GUT	Gabelli Util Tr	Gabelli	0.74	79.02	7.81	100.00	26.00	270	1,490
IAE	Voya AP Hi Div Eq Incm Fd	Voya	1.63	-6.57	9.16	81.25	0.00	120	442
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	1.73	-14.31	10.06	100.00	0.00	42	128
BTO	JH Fin Opp Fd	John Hancock	1.47	1.24	6.12	0.00	14.40	667	1,975

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.

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. 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.