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55. All Equity

Data as of 01/13/2025 12/31/2024 11/29/2024 10/31/2024 09/30/2024 08/30/2024 07/31/2024 06/28/2024 05/31/2024 04/30/2024 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	3,275.22	0.14	-0.55	-2.29	3.20	8.99	23.78	4.61	8.07	8.52	0.75	0.75	0.75
NAV	2,789.09	0.25	-1.13	-2.38	-2.51	1.78	13.35	3.71	6.90	7.16	-0.01	-0.01	-0.01
Difference		0.11	-0.58	-0.09	-5.72	-7.21	-10.43	-0.91	-1.17	-1.36	-0.76	-0.76	-0.76
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,461.40

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	1.10	2.37	3.90	7.54	-2.86	4.32	2.10	3.46	11.26	3.52	2.29	2.88	8.94	-1.34	6.47	-2.51	2.42	11.57	24.14
NAV	-0.36	2.43	3.45	5.58	-2.62	4.10	0.77	2.15	7.85	2.75	2.42	1.88	7.21	-1.10	3.18	-4.16	-2.20	4.85	13.08
Difference	-1.46	0.05	-0.45	-1.96	0.24	-0.22	-1.33	-1.31	-3.41	-0.77	0.13	-1.00	-1.73	0.23	-3.30	-1.65	-4.62	-6.72	-11.06
2023 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2023
Price	8.47	-3.33	0.05	4.91	0.39	-2.51	4.85	2.62	7.65	3.38	-2.94	-4.77	-4.45	-4.61	9.34	3.84	8.30	3.48	11.40
NAV	6.55	-3.62	1.48	4.21	1.48	-2.21	4.30	3.51	7.87	3.09	-2.44	-4.23	-3.68	-2.39	7.66	4.66	9.99	5.94	14.27
Difference	-1.92	-0.29	1.43	-0.70	1.09	0.30	-0.55	0.89	0.22	-0.28	0.49	0.54	0.76	2.23	-1.68	0.82	1.69	2.46	2.87
2022 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-3.59	-2.49	2.72	-3.43	-7.55	-0.32	-7.65	-14.90	-17.82	8.35	-2.89	-11.67	-7.06	7.01	5.38	-4.92	7.22	-0.35	-18.11
NAV	-3.67	-1.38	2.22	-2.89	-6.53	0.04	-7.51	-13.51	-16.01	6.74	-3.63	-8.77	-6.15	5.69	6.32	-3.64	8.28	1.62	-14.65
Difference	-0.08	1.11	-0.50	0.54	1.02	0.36	0.14	1.39	1.81	-1.61	-0.73	2.90	0.91	-1.32	0.94	1.28	1.06	1.97	3.46
2021 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	1.16	4.22	3.46	9.08	4.78	2.36	1.39	8.74	18.61	-0.34	2.10	-4.01	-2.32	4.94	-2.85	3.55	5.57	3.12	22.30
NAV	0.43	2.50	2.81	5.83	4.15	1.74	0.60	6.60	12.82	0.38	1.54	-3.72	-1.86	4.90	-3.30	3.93	5.42	3.46	16.72
Difference	-0.74	-1.72	-0.65	-3.25	-0.62	-0.63	-0.78	-2.14	-5.79	0.72	-0.56	0.28	0.46	-0.04	-0.45	0.39	-0.14	0.34	-5.59
2020 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2020
Price	0.12	-10.39	-18.70	-27.06	12.61	4.98	2.14	20.74	-11.93	4.76	4.39	-4.29	4.67	-2.43	13.87	5.44	17.15	22.62	7.99
NAV	-0.45	-7.03	-17.38	-23.53	11.51	5.13	2.06	19.63	-8.52	5.49	3.61	-3.04	5.99	-1.24	10.17	4.60	13.82	20.63	10.35
Difference	-0.57	3.36	1.32	3.53	-1.10	0.15	-0.08	-1.11	3.41	0.73	-0.77	1.25	1.32	1.19	-3.70	-0.84	-3.33	-1.99	2.36
2019 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2019
Price	12.07	2.68	1.45	16.74	2.22	-4.82	6.29	3.42	20.73	1.58	-1.71	2.09	1.92	1.87	1.16	3.16	6.30	8.35	30.81
NAV	8.53	2.34	1.45	12.68	1.98	-4.54	5.70	2.89	15.93	0.47	-0.84	1.13	0.75	2.01	1.07	3.26	6.46	7.26	24.35
Difference	-3.55	-0.34	0.01	-4.06	-0.25	0.28	-0.60	-0.53	-4.80	-1.11	0.88	-0.96	-1.17	0.14	-0.09	0.10	0.15	-1.09	-6.46
2018 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2018
Price	3.05	-3.91	-1.38	-2.34	2.00	1.44	-0.11	3.35	0.93	2.38	1.40	-0.90	2.88	-9.03	2.61	-8.69	-14.77	-12.31	-11.49
NAV	3.81	-4.63	-0.90	-1.88	0.96	1.10	-0.15	1.92	0.00	2.99	0.88	-0.49	3.39	-6.36	1.53	-6.87	-11.45	-8.46	-8.45
Difference	0.77	-0.72	0.48	0.46	-1.04	-0.34	-0.03	-1.43	-0.93	0.60	-0.51	0.40	0.50	2.67	-1.08	1.82	3.31	3.85	3.04
2017 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2017
Price	4.91	3.03	1.28	9.48	3.36	1.19	0.87	5.49	15.50	2.84	-0.32	2.17	4.74	0.68	-0.21	2.29	2.77	7.64	24.32
NAV	3.14	2.66	0.81	6.73	1.31	1.13	0.76	3.23	10.18	2.39	0.36	1.14	3.93	0.83	1.21	0.98	3.06	7.11	18.02
Difference	-1.78	-0.37	-0.48	-2.75	-2.04	-0.06	-0.10	-2.26	-5.31	-0.45	0.68	-1.03	-0.80	0.15	1.42	-1.31	0.28	-0.53	-6.30
2016 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2016
Price	-6.51	0.88	7.98	1.84	2.85	0.57	2.14	5.65	7.60	4.44	-0.16	0.15	4.43	-3.35	0.18	1.30	-1.92	2.42	10.21
NAV	-4.84	0.14	6.61	1.60	2.04	0.60	1.38	4.06	5.73	3.79	-0.59	0.46	3.65	-2.31	0.30	1.49	-0.56	3.07	8.97
Difference	1.67	-0.74	-1.37	-0.24	-0.81	0.02	-0.76	-1.59	-1.87	-0.65	-0.42	0.30	-0.78	1.04	0.12	0.19	1.36	0.65	-1.23
2015 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2015
Price	1.17	3.69	-1.13	3.71	1.45	0.46	-3.49	-1.64	2.01	-1.53	-5.82	-4.22	-11.18	8.52	-1.73	-0.96	5.63	-6.18	-4.29
NAV	0.53	3.44	-1.04	2.92	1.66	0.61	-2.63	-0.41	2.50	-0.49	-5.40	-3.18	-8.85	6.81	-1.43	-1.80	3.39	-5.76	-3.41
Difference	-0.64	-0.24	0.09	-0.80	0.21	0.15	0.86	1.23	0.49	1.04	0.43	1.03	2.32	-1.71	0.30	-0.84	-2.23	0.42	0.88
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	-1.28	5.03	0.48	4.18	1.11	2.56	2.50	6.29	10.74	-1.18	2.46	-3.79	-2.58	1.23	1.38	-2.22	0.35	-2.24	8.25
NAV	-1.26	4.47	0.35	3.52	0.92	1.93	2.76	5.71	9.43	-1.55	2.67	-3.80	-2.77	1.41	0.52	-1.10	0.82	-1.97	7.27
Difference	0.02	-0.55	-0.13	-0.66	-0.19	-0.63	0.26	-0.58	-1.31	-0.38	0.20	-0.01	-0.19	0.17	-0.86	1.12	0.47	0.27	-0.99
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	6.83	0.01	2.59	9.60	0.82	-0.42	-3.09	-2.71	6.64	3.30	-2.86	2.35	2.70	3.94	-0.84	1.58	4.69	7.52	14.66
NAV	4.58	-0.25	2.09	6.51	1.50	-0.71	-3.37	-2.61	3.73	4.34	-1.97	3.18	5.54	3.33	-0.18	1.17	4.35	10.14	14.24
Difference	-2.24	-0.26	-0.49	-3.09	0.68	-0.28	-0.28	0.09	-2.91	1.05	0.89	0.83	2.84	-0.61	0.66	-0.41	-0.34	2.62	-0.41
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	9.04	3.92	-0.05	13.25	0.01	-6.87	3.36	-3.73	9.03	2.15	2.26	3.16	7.77	-1.36	-1.36	0.89	-1.84	5.78	15.33
NAV	5.79	3.45	0.01	9.45	0.11	-7.02	3.23	-3.91	5.17	2.21	1.81	2.73	6.90	-0.59	-0.08	1.45	0.77	7.72	13.29
Difference	-3.25	-0.47	0.06	-3.81	0.10	-0.15	-0.12	-0.18	-3.86	0.05	-0.45	-0.43	-0.87	0.77	1.28	0.57	2.62	1.95	-2.03

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -5.17%	1Yr Disc -7.26%	3Yr Disc -6.35%	5Yr Disc -5.37%	Rel Disc Range (3yr) 47.67%
Mkt Yield 9.13%	Lev Adj NAV Yield 8.04%	After Tax Yield* 8.45%	Est Tax Friction* 0.68%	3Yr NAV Volatiliy 17.97
1 Yr RoC 48.58%	3 Yr Dest RoC 31.13%	Leverage 9.21%	Non Lev Exp Ratio 1.24%	Beta (2yr) 0.74
Equity Exposure 87.72%	Bond Exposure 10.22%	# Holdings 107	Cash Weighted Duration
Comp NAV TR 0.57%	Comp Discount -3.19%	Net Assets (M) 1,071	Liquidity - 90d (K) 3,972
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

107 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
ADX	Adams Divr Eq Fd	Adams Funds	0.94	-9.62	9.81	0.00	0.00	2,542	5,978
AEF	abrdn Emrg Mkt Eq Incm Fd	abrdn	0.93	-11.76	7.84	87.72	11.68	293	553
AGD	abrdn Glbl Dyn Div Fd	abrdn	0.95	-8.36	13.37	33.98	0.00	268	1,114
AIO	Virtus AI & Tech Opp Fd	Virtus	0.88	3.60	7.71	8.17	13.87	774	1,971
AOD	abrdn Tot Dyn Div Fd	abrdn	0.95	-8.69	14.10	36.45	0.00	983	3,527
ASA	ASA Gd & Prcs Mtl	Merk Investments	1.00	-7.18	0.18	0.00	0.00	454	1,233
ASG	Liberty All-Star Gwth Fd	ALPS	0.94	-7.91	8.59	0.00	0.00	365	1,311
ASGI	abrdn Glbl Infra Incm Fd	abrdn	0.93	-8.21	13.85	43.33	0.00	546	3,100
AWP	abrdn Glbl Prmr Prop Fd	abrdn	0.91	-0.27	12.80	81.42	18.92	322	1,198
BCAT	BR Cap Alloc Trm Tr	BlackRock	0.95	-5.01	22.31	88.20	0.00	1,715	6,730
BCX	BR Res & Com Stgy Tr	BlackRock	0.99	-7.42	9.18	72.17	0.00	789	2,157
BDJ	BR Enh Eq Div Tr	BlackRock	0.95	-6.33	8.80	14.26	0.00	1,594	4,113
BGR	BR Nrg & Res Tr	BlackRock	0.98	-6.52	8.75	58.68	0.00	373	1,219
BGY	BR Enh Intl DivTr	BlackRock	0.93	-9.40	9.65	33.50	0.00	558	1,476
BIGZ	BR Innovation & Gwth Trm Tr	BlackRock	0.95	-8.95	13.65	100.00	0.00	1,788	5,431
BME	BR Health Sci Tr	BlackRock	0.96	-6.84	8.01	47.08	0.00	558	2,314
BMEZ	BR Health Sci Trm Tr	BlackRock	1.00	-7.60	13.84	88.98	0.00	1,693	5,983
BOE	BR Enh Glbl DivTr	BlackRock	0.93	-9.51	9.15	74.72	0.00	701	1,642
BST	BR Sci & Tech Tr	BlackRock	0.93	-6.74	8.18	10.20	0.00	1,366	3,937
BSTZ	BR Sci & Tech Trm Tr	BlackRock	0.96	-7.07	12.32	76.00	0.00	1,666	4,320
BTO	JH Fin Opp Fd	John Hancock	0.89	1.21	7.58	27.67	14.58	669	1,551
BUI	BR Util Infra & Pwr OppTr	BlackRock	0.91	1.23	7.10	45.09	0.00	513	1,157
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.90	-9.81	8.01	89.09	0.00	1,572	2,225
CAF	MS China A Shr Fd	Morgan Stanley	0.90	-19.09	2.70	0.00	0.00	257	489
CEF	Sprott Physical Gd & Silver Tr	Sprott	0.96	-3.81	0.00	N/A	0.00	5,130	15,971
CET	Cntrl Sec Corp	Central Securities	0.91	-17.21	5.01	0.00	0.00	1,539	1,335
CHW	Calamos Glbl Dyn Incm Fd	Calamos	0.93	-9.85	8.98	8.33	34.02	473	1,028
CII	BR Enh Large Cap Core Fd	BlackRock	0.93	-6.50	8.40	0.00	0.00	904	2,406
CLM	Cornerstone Stgc Inv Fd	Cornerstone	0.94	24.25	16.96	66.14	0.00	1,731	17,617
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	0.99	-8.86	10.81	11.31	25.97	335	1,114
CRF	Cornerstone Tot Rtn Fd	Cornerstone	0.93	31.07	16.13	59.76	0.00	771	8,209
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.92	-1.63	7.01	82.06	29.74	2,859	3,402
DIAX	Nuv Dow 30SM Dyn Owrt Fd	Nuveen	0.92	-10.56	8.08	34.60	0.00	606	933
DNP	DNP Sel Incm Fd	Virtus	0.97	7.39	8.52	21.28	25.07	3,152	6,202
DPG	D&P Util & Infra Fd	Virtus	0.91	-7.88	7.41	91.67	25.08	459	1,108
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	0.94	-4.52	22.11	92.60	0.00	1,736	4,384
EMF	Tmp Emrg Mkt Fd	Franklin Templeton	0.91	-14.97	4.35	29.16	2.16	209	490
EOD	Allspring Glbl Div Opp Fd	Allspring	0.93	-12.32	9.95	0.00	19.70	238	665
EOI	EV Enh Eq Incm Fd	Eaton Vance	0.91	1.04	7.89	16.23	0.00	813	1,642
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.91	1.64	7.78	40.14	0.00	1,209	2,595
ETB	EV Tx-Mgd By-Wrt Incm Fd	Eaton Vance	0.91	-4.46	8.59	46.60	0.00	454	797
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	0.92	-9.35	8.56	9.39	19.11	1,526	2,289
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	0.91	-5.18	8.54	65.44	0.00	649	1,194
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.93	-7.05	8.26	4.93	17.90	444	576
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.90	-5.47	8.51	54.67	0.00	1,729	2,362
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.92	-9.53	9.54	38.11	0.00	1,012	2,403
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.92	-1.53	8.04	0.00	0.00	2,366	3,340
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	0.92	-7.52	8.27	6.52	18.57	1,924	2,561
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.93	-8.76	9.58	51.10	0.00	2,763	4,382
FFA	FT Enh Eq Incm Fd	First Trust	0.91	-3.71	6.92	89.65	0.00	420	498
FOF	C&S CE Opp Fd	Cohen&Steers	0.93	4.03	8.25	62.75	0.00	336	598
GAB	Gabelli Eq Tr	Gabelli	0.92	3.47	11.19	73.50	17.00	1,578	3,201
GAM	General American Invstr	General American Inv	0.93	-11.91	8.80	0.00	11.60	1,353	1,623
GDV	Gabelli Div & Incm Tr	Gabelli	0.93	-12.19	6.96	20.53	15.00	2,470	3,311
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.98	-0.50	9.02	78.61	11.00	619	2,207
GLO	Clough Glbl Opp Fd	Clough	0.95	-11.80	11.50	99.90	25.15	254	857
GLQ	Clough Glbl Eq Fd	Clough	0.94	-12.68	11.56	100.00	24.80	146	623
GUG	Gghm Active Alloc Fd	Guggenheim Funds	0.93	-10.34	9.55	32.79	27.85	549	1,423
GUT	Gabelli Util Tr	Gabelli	1.00	78.22	11.11	94.33	14.00	265	1,652
HQH	abrdn Health Invstr	abrdn	1.01	-9.97	14.77	44.57	0.00	989	3,698
HQL	abrdn Life Sci Invstr	abrdn	0.98	-10.35	14.89	34.27	0.00	426	1,284
HTD	JH Tax-Adv Div Incm Fd	John Hancock	0.91	-7.28	7.65	11.05	31.46	827	1,522
IDE	Voya Infra Ind & Matrls Fd	Voya	0.91	-10.92	12.06	31.62	0.00	169	900
IFN	India Fund	abrdn	0.99	-8.65	12.54	0.00	0.00	687	3,068
IGD	Voya Glbl Eq Div & Prm Opp	Voya	0.90	-9.28	11.36	78.60	0.00	459	1,190
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.94	-0.21	14.81	59.97	27.43	689	3,432
IIF	MS India Inv Fd	Morgan Stanley	0.90	-14.85	10.31	0.00	0.00	277	1,083
JOF	Japan Sml Caplz Fd	Nomura	0.91	-17.63	4.15	0.00	0.00	259	529
JRI	Nuv Rel-Ast Incm & Gwth Fd	Nuveen	0.92	-6.74	13.31	48.92	31.76	354	1,582
JRS	Nuv Rel-Est Incm Fd	Nuveen	0.88	-5.31	8.28	80.22	28.80	250	623
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	0.91	-8.71	11.40	33.96	29.73	224	803
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	0.93	-9.81	12.36	25.00	23.50	701	2,464
MXF	Mexico Fund	Impulsora del	0.94	-21.62	6.60	9.75	0.00	250	1,091
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	0.94	-12.07	9.30	100.00	0.00	1,155	2,899
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.92	-10.34	9.78	28.97	0.00	1,320	2,548
NIE	Virtus Eq & Convt Incm Fd	Virtus	0.89	-6.85	8.45	23.20	0.00	704	1,457
NMAI	Nuv Multi-Asset Incm Fd	Nuveen	0.92	-8.22	13.99	57.08	28.81	435	1,308
NRO	NB Rel-Est Sec Incm Fd	Neuberger Berman	0.92	0.57	10.70	56.36	21.25	174	505
NXG	NXG NextGen Infra Incm Fd	Cushing	0.96	0.51	13.64	92.31	27.81	165	1,606
PDX	PIMCO Dyn Incm Stgy Fd	PIMCO	1.09	-11.68	5.29	5.86	22.61	1,531	5,312
PEO	Adams Ntr Res Fd	Adams Funds	0.99	-8.55	9.53	0.00	0.00	650	1,113
PHYS	Sprott Physical Gd Tr	Sprott	0.94	-1.87	0.00	N/A	0.00	8,768	53,081
PSLV	Sprott Physical Silver Tr	Sprott	0.95	-3.69	0.00	N/A	0.00	5,356	104,132
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.90	-9.80	8.51	51.06	0.00	1,424	2,655
RFI	C&S Tot Rtn Rty Fd	Cohen&Steers	0.93	1.67	8.30	29.25	0.00	303	1,007
RIV	RiverNorth Opp Fd	RiverNorth	0.95	-5.06	12.96	80.88	33.14	267	946
RLTY	C&S Rel-Est Opp & Incm Fd	Cohen&Steers	0.91	-6.32	9.08	66.05	32.30	259	1,259
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.92	-10.70	7.64	0.01	0.36	549	1,034
RNP	C&S REIT & Pref Incm Fd	Cohen&Steers	0.90	-0.92	8.01	0.00	29.10	983	2,183
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.93	-1.20	7.80	21.70	26.70	1,674	4,114
RVT	Royce Small-Cap Tr	Franklin Templeton	0.92	-6.69	11.26	0.15	1.70	1,932	4,158
SCD	LMP Cap & Incm Fd	Franklin Templeton	0.90	-4.27	8.17	14.10	18.15	297	604
SPE	Spl Opp Fd	Bulldog	0.93	-10.53	8.96	17.41	25.12	175	737
SPPP	Sprott Physical Pt & Pd Tr	Sprott	0.97	-2.62	0.00	N/A	0.00	175	3,382
SPXX	Nuv S&P 500 Dyn Owrt Fd	Nuveen	0.90	-5.89	7.82	65.65	0.00	329	562
STEW	SRH Tot Rtn Fd	Paralel Advisors	0.91	-22.44	4.19	16.01	9.94	1,966	1,483
STK	ClmbSlgmn Prm Tech Gwth Fd	Columbia Mngmt	0.93	0.79	5.80	0.00	0.00	524	1,187
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.93	-10.55	7.68	5.15	0.00	584	1,333
TDF	Tmp Dragon Fd	Franklin Templeton	0.88	-17.55	1.43	0.00	0.00	248	638
THQ	abrdn Health Opp Fd	abrdn	0.96	-4.85	11.13	78.38	19.60	844	3,065
THW	abrdn Wld Health Fd	abrdn	0.98	0.79	12.23	89.34	20.79	442	2,148
TWN	Taiwan Fund	Nomura	1.09	-13.83	1.04	0.00	0.00	291	904
TY	Tri-Cont Corp	Columbia Mngmt	0.92	-11.36	3.64	0.00	1.90	1,829	1,412
USA	Liberty All-Star Eq Fd	ALPS	0.94	-0.87	9.90	0.00	0.00	2,002	4,487
UTF	C&S Infra Fd	Cohen&Steers	0.90	1.03	7.94	11.37	27.60	2,238	4,356
UTG	Reaves Util Incm Fd	W.H. Reaves	0.93	0.13	7.19	2.06	18.51	2,780	8,368
ZTR	Virtus Tot Rtn Fd	Virtus	0.90	-8.99	10.58	100.00	28.04	385	1,421

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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