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10. Taxable Bond CEF Index

Data as of 07/02/2025 06/30/2025 05/30/2025 04/30/2025 03/31/2025 02/28/2025 01/31/2025 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	2,297.16	0.28	2.64	3.51	3.75	6.08	12.07	10.96	7.54	6.49	0.83	0.83	6.08
NAV	2,275.41	0.11	1.45	2.60	3.81	5.25	11.25	9.58	6.27	5.29	0.41	0.41	5.25
Difference		-0.17	-1.19	-0.91	0.05	-0.83	-0.82	-1.38	-1.27	-1.21	-0.43	-0.43	-0.83
* Periods greater than 1 Year are annualized.      ** On Inception Date (Dec. 30, 2016), Index Price was $1,000 and NAV was $1,459.06

2025 - Monthly Performance (%) Show Previous Years
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2025
Price	2.68	0.69	-1.42	1.93	-1.65	1.96	2.92	3.21	5.20	-	-	-	-	-	-	-	-	-	-
NAV	1.52	0.71	-1.19	1.02	-0.20	1.52	2.41	3.76	4.82	-	-	-	-	-	-	-	-	-	-
Difference	-1.16	0.01	0.23	-0.90	1.45	-0.44	-0.51	0.55	-0.38	-	-	-	-	-	-	-	-	-	-
2024 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2024
Price	2.97	1.35	1.92	6.37	-2.03	3.00	1.31	2.24	8.75	3.24	1.98	2.70	8.12	-1.71	1.93	-1.91	-1.73	6.26	15.56
NAV	0.97	0.68	1.49	3.17	-1.09	1.79	0.52	1.21	4.42	1.81	1.55	1.82	5.27	-0.51	1.75	-0.78	0.44	5.74	10.41
Difference	-2.00	-0.67	-0.43	-3.20	0.94	-1.21	-0.79	-1.03	-4.33	-1.43	-0.43	-0.88	-2.85	1.20	-0.18	1.12	2.17	-0.52	-5.15
2023 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2023
Price	9.32	-1.91	-4.01	2.94	1.32	-1.95	3.59	2.91	5.94	3.07	-1.26	-2.59	-0.87	-3.47	7.72	4.02	8.16	7.22	13.59
NAV	5.61	-1.70	-1.44	2.32	1.02	-1.04	2.13	2.09	4.46	2.19	-0.23	-1.26	0.67	-1.91	5.02	4.00	7.13	7.85	12.66
Difference	-3.72	0.21	2.57	-0.62	-0.30	0.91	-1.46	-0.82	-1.48	-0.88	1.02	1.34	1.54	1.56	-2.70	-0.02	-1.03	0.63	-0.93
2022 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-4.13	-3.83	-0.43	-8.20	-5.14	-1.66	-5.83	-12.15	-19.35	6.51	-1.37	-10.09	-5.55	2.98	6.44	-4.27	4.93	-0.89	-20.07
NAV	-1.88	-2.14	-0.74	-4.69	-3.81	-1.86	-6.55	-11.78	-15.92	4.85	-0.69	-6.07	-2.19	0.88	3.48	-0.93	3.41	1.15	-14.95
Difference	2.25	1.69	-0.31	3.51	1.33	-0.20	-0.72	0.37	3.43	-1.65	0.67	4.03	3.36	-2.11	-2.96	3.34	-1.52	2.04	5.12
2021 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	0.73	1.71	2.31	4.82	2.66	1.38	2.06	6.22	11.33	0.10	1.33	-1.82	-0.41	2.04	-2.20	0.73	0.53	0.12	11.46
NAV	1.14	0.47	-0.16	1.46	1.86	0.70	1.15	3.75	5.26	0.41	0.81	-0.30	0.93	0.29	-1.48	1.13	-0.08	0.85	6.16
Difference	0.42	-1.23	-2.47	-3.36	-0.80	-0.68	-0.91	-2.47	-6.07	0.31	-0.51	1.52	1.34	-1.75	0.71	0.40	-0.61	0.73	-5.30
2020 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2020
Price	1.95	-6.91	-19.49	-23.59	7.20	5.68	1.78	15.29	-11.90	4.38	2.26	-1.42	5.22	-0.94	9.13	3.29	11.66	17.49	3.50
NAV	1.27	-2.03	-18.68	-19.32	5.67	5.21	2.87	14.36	-7.74	4.18	2.44	-0.52	6.18	0.37	5.77	2.64	8.97	15.70	6.75
Difference	-0.69	4.89	0.80	4.27	-1.53	-0.47	1.10	-0.93	4.17	-0.19	0.18	0.90	0.96	1.31	-3.35	-0.65	-2.69	-1.79	3.25
2019 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2019
Price	9.04	2.43	1.00	12.81	1.95	-1.18	3.44	4.21	17.56	1.98	-1.44	1.57	2.09	0.55	0.44	2.55	3.56	5.72	24.29
NAV	4.98	1.62	0.89	7.63	1.67	-0.54	2.18	3.32	11.20	0.99	-0.35	0.35	0.99	0.29	0.39	2.17	2.87	3.89	15.53
Difference	-4.05	-0.82	-0.11	-5.18	-0.28	0.64	-1.26	-0.89	-6.36	-0.99	1.09	-1.21	-1.10	-0.25	-0.04	-0.38	-0.69	-1.83	-8.76
2018 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2018
Price	-0.97	-0.80	0.61	-1.17	0.54	0.31	0.28	1.13	-0.05	1.31	0.99	-0.69	1.61	-4.79	-0.48	-3.89	-8.94	-7.47	-7.52
NAV	1.09	-0.89	-0.17	0.02	0.17	0.04	0.00	0.21	0.23	1.27	0.26	0.42	1.96	-1.86	-1.08	-2.78	-5.62	-3.77	-3.55
Difference	2.07	-0.09	-0.78	1.19	-0.37	-0.27	-0.28	-0.92	0.28	-0.04	-0.72	1.11	0.35	2.93	-0.61	1.11	3.32	3.70	3.97
2017 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2017
Price	3.61	1.98	-0.22	5.44	2.49	1.31	0.36	4.21	9.87	1.96	-0.36	1.09	2.70	-0.23	-1.46	1.48	-0.24	2.46	12.57
NAV	2.17	1.66	0.19	4.06	1.35	1.06	0.51	2.94	7.13	1.35	0.29	0.70	2.36	0.59	0.06	0.49	1.15	3.54	10.92
Difference	-1.45	-0.32	0.41	-1.37	-1.14	-0.25	0.15	-1.27	-2.75	-0.60	0.65	-0.39	-0.34	0.83	1.52	-0.99	1.39	1.08	-1.65
2016 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2016
Price	-1.91	0.20	7.05	5.22	3.02	1.02	2.28	6.44	11.99	4.15	1.75	-0.27	5.69	-1.80	-1.16	2.76	-0.26	5.42	18.06
NAV	-1.65	-0.66	4.16	1.77	2.80	0.88	1.57	5.33	7.19	2.76	1.59	0.98	5.42	0.23	-1.25	1.62	0.59	6.04	13.66
Difference	0.27	-0.86	-2.89	-3.44	-0.22	-0.14	-0.71	-1.11	-4.80	-1.39	-0.16	1.24	-0.27	2.03	-0.09	-1.14	0.84	0.62	-4.39
2015 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2015
Price	2.01	2.03	-0.80	3.25	1.71	-1.10	-4.11	-3.55	-0.41	-1.28	-2.45	-2.18	-5.80	5.02	-1.82	-0.57	2.52	-3.42	-3.82
NAV	0.97	1.83	0.01	2.83	1.23	0.21	-1.31	0.11	2.94	-0.12	-1.78	-2.06	-3.93	2.14	-0.95	-2.44	-1.30	-5.17	-2.38
Difference	-1.04	-0.20	0.81	-0.42	-0.48	1.30	2.80	3.65	3.35	1.16	0.67	0.11	1.87	-2.88	0.87	-1.87	-3.82	-1.75	1.44
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	1.72	2.80	0.33	4.92	2.02	1.52	1.24	4.86	10.01	-2.59	1.91	-2.84	-3.56	1.21	0.27	-2.85	-1.42	-4.92	4.60
NAV	1.64	1.93	0.78	4.41	1.12	1.60	0.90	3.67	8.24	-0.47	1.21	-1.72	-1.00	0.70	0.04	-2.29	-1.57	-2.56	5.47
Difference	-0.08	-0.87	0.45	-0.51	-0.90	0.08	-0.34	-1.19	-1.77	2.12	-0.70	1.13	2.55	-0.51	-0.23	0.56	-0.15	2.37	0.87
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	4.25	0.74	0.54	5.59	1.79	-4.39	-2.77	-5.37	-0.09	-1.15	-2.49	1.86	-1.82	2.30	-1.77	1.02	1.51	-0.33	-0.41
NAV	2.24	0.57	0.91	3.76	1.92	-0.83	-3.21	-2.17	1.51	1.30	-1.10	1.37	1.56	2.15	0.19	-0.22	2.12	3.71	5.28
Difference	-2.01	-0.16	0.37	-1.83	0.13	3.56	-0.44	3.20	1.59	2.46	1.39	-0.49	3.38	-0.16	1.96	-1.24	0.60	4.04	5.69
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	5.46	2.33	-0.57	7.30	1.34	-1.34	2.49	2.47	9.95	3.61	2.16	1.67	7.61	-0.74	-0.34	-0.13	-1.20	6.32	16.90
NAV	3.82	2.61	0.18	6.72	1.03	-1.49	1.89	1.41	8.22	2.70	1.66	1.97	6.46	1.18	0.64	0.94	2.79	9.44	18.43
Difference	-1.64	0.28	0.75	-0.58	-0.31	-0.15	-0.60	-1.07	-1.73	-0.91	-0.49	0.30	-1.15	1.92	0.98	1.07	4.00	3.12	1.53

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount 0.53%	1Yr Disc -0.14%	3Yr Disc -3.05%	5Yr Disc -2.61%	Rel Disc Range (3yr) 67.50%
Mkt Yield 10.68%	Lev Adj NAV Yield 8.40%	After Tax Yield* 8.53%	Est Tax Friction* 2.15%	3Yr NAV Volatiliy 7.69
1 Yr RoC 25.94%	3 Yr Dest RoC 7.71%	Leverage 28.79%	Non Lev Exp Ratio 1.69%	Beta (2yr) 0.53
Equity Exposure 8.69%	Bond Exposure 86.82%	# Holdings 106	Cash Weighted Duration 3.93
Comp NAV TR 0.05%	Comp Discount 1.47%	Net Assets (M) 634	Liquidity - 90d (K) 2,901
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

106 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.94	-3.26	15.66	36.89	28.18	770	4,032
ACV	Virtus Divr Incm & Convt Fd	Virtus	0.93	-1.56	9.52	45.38	31.63	239	716
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.94	-1.85	9.41	0.00	37.94	335	1,451
AVK	Advent Convt & Incm Fd	Guggenheim Funds	0.95	-3.40	11.50	70.06	38.75	559	1,902
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.95	-2.45	7.06	0.00	18.61	985	2,153
BBN	BR Taxable Muni BndTr	BlackRock	0.93	-6.07	6.93	16.15	33.81	1,058	2,515
BGB	Blackstone Stgc Cr 2027 Trm Fd	Blackstone	0.95	-3.54	8.70	0.00	37.30	568	2,068
BGH	Barings Glbl Srt Dur Hi Yld Fd	Barings	0.96	-0.94	9.33	0.00	29.29	319	1,595
BGT	BR Flt Rt Incm Fd	BlackRock	0.95	4.51	11.32	27.64	18.71	331	1,701
BGX	Blackstone Lng-Srt Cr Incm Fd	Blackstone	0.94	-5.18	8.10	0.00	31.44	167	787
BHK	BR Core Bnd Tr	BlackRock	0.94	-2.99	9.19	31.73	40.00	725	2,348
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.94	1.66	10.13	33.21	33.43	603	2,131
BKT	BR Incm Tr	BlackRock	0.93	-1.52	9.05	55.81	17.38	288	993
BLW	BR Ltd Dur Incm Tr	BlackRock	0.94	1.57	9.55	16.55	38.62	538	1,302
BRW	Saba Cap Incm & Opp Fd	Saba Capital	0.94	-4.69	12.55	25.07	16.35	363	1,269
BSL	Blackstone Sr Flt Rt 2027 Trm Fd	Blackstone	0.93	-1.59	8.15	0.00	31.50	189	543
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.94	-3.51	9.17	29.58	35.67	1,062	2,838
BWG	BwGlobal Glbl Incm Opp Fd	Franklin Templeton	0.96	-7.98	11.40	29.91	40.23	154	749
CCD	Calamos Dyn Convt & Incm Fd	Calamos	0.94	4.48	11.53	48.18	35.90	527	1,712
CCIF	Carlyle Cr Incm Fd	Carlyle Glbl Cr Inv Mgmt	0.93	-1.53	19.53	0.00	35.90	138	1,292
CHI	Calamos Convt Opp & Incm	Calamos	0.94	4.04	10.81	50.60	35.95	787	2,785
CHY	Calamos Convt & Hi Incm Fd	Calamos	0.94	2.80	10.89	51.10	36.23	851	2,876
CIK	CS Ast Mgmt Incm Fd	Credit Suisse	0.94	1.36	9.06	4.77	28.35	161	1,732
DBL	DbLin Opportunistic Cr Fd	Doubleline	0.94	0.33	8.58	27.95	15.41	290	1,149
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.95	-7.49	6.79	0.00	37.80	460	1,188
DHF	BNY Mellon Hi Yld Stgs Fd	BNY Mellon	0.93	-7.17	8.11	0.00	27.30	203	1,342
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.94	-1.83	8.69	3.11	28.73	226	1,333
DLY	DbLin Yld Opp Fd	Doubleline	0.94	-1.70	8.99	4.81	15.80	769	2,658
DMO	WA Mortg Opp Fd	Franklin Templeton	0.95	0.25	13.02	16.85	46.65	136	696
DSL	DbLin Incm Solutions Fd	Doubleline	0.94	-0.08	10.78	12.58	21.17	1,400	5,597
DSU	BR Dbt Stgs Fd	BlackRock	0.94	2.70	11.12	26.27	17.95	569	2,612
EAD	Allspring Incm Opp Fd	Allspring	0.96	-3.63	8.96	0.00	30.80	439	1,357
EARN	Ellington Cr Co	Ellington Cr Co Mgmt	0.94	-5.26	16.67	0.00	74.40	228	2,648
ECC	Eagle Point Cr Co	Eagle Point	0.95	5.58	21.65	3.15	38.23	909	10,922
EDD	MS Emrg Mkt Dom Dbt	Morgan Stanley	0.96	-4.90	9.16	0.00	12.11	355	1,408
EDF	Virtus SH Emrg Mkt Incm Fd	Virtus	0.95	6.44	14.06	41.88	24.23	141	624
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.94	-2.95	8.66	2.81	36.58	368	1,337
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.95	-1.79	8.76	0.00	36.50	339	1,338
EIC	Eagle Point Incm Co	Eagle Point	0.94	-2.69	11.35	0.00	26.68	380	4,294
EMD	WA Emrg Mkt Dbt Fd	Franklin Templeton	0.96	-4.75	11.14	24.24	26.27	624	2,018
ERC	Allspring Mlt-Sctr Incm Fd	Allspring	0.96	-4.66	9.01	0.00	30.30	283	857
EVV	EV Ltd Dur Incm Fd	Eaton Vance	0.94	-2.28	8.56	21.64	40.80	1,225	2,341
FAX	abrdn Asia-Pacific Incm Fd	abrdn	0.96	-2.56	12.09	42.98	38.19	694	2,310
FCO	abrdn Glbl Incm Fd	abrdn	0.95	105.06	12.96	68.50	30.11	43	522
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.93	-4.01	11.57	17.59	13.59	272	1,144
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.95	-4.56	6.82	0.00	37.80	834	2,035
FINS	Angel Oak Fin Stgs Incm Trm Tr	Angel Oak	0.94	-5.29	10.00	44.16	26.40	461	885
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.94	-1.88	8.76	23.56	34.49	1,168	2,591
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.94	5.76	11.25	26.88	22.86	442	1,780
FSCO	FS Cr Opp Corp	FS/KKR	0.93	-1.23	11.27	0.00	32.32	1,450	7,255
FTF	FrkTmp Ltd Dur Incm Tr	Franklin Templeton	0.95	-4.82	11.34	15.57	31.98	276	1,103
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.93	-1.93	10.17	24.98	21.50	553	1,487
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	0.94	0.27	10.02	45.60	27.45	405	1,453
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.95	3.42	9.25	31.10	15.64	539	2,239
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.94	29.00	14.67	59.22	14.47	2,051	15,704
HFRO	Highland Opp & Incm Fd	NexPoint	0.95	-55.22	8.75	0.00	15.84	652	907
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.95	-1.47	10.62	18.57	0.00	387	1,650
HIX	WA Hi Incm Fd II	Franklin Templeton	0.96	-0.46	13.52	17.33	32.38	393	1,648
HPF	JH Pref Incm Fd II	John Hancock	0.95	1.52	9.23	18.38	38.28	341	600
HPI	JH Pref Incm Fd	John Hancock	0.94	1.19	9.18	12.12	38.17	426	789
HPS	JH Pref Incm Fd III	John Hancock	0.95	1.69	9.13	18.35	38.13	456	822
HYT	BR Corp Hi Yld Fd	BlackRock	0.94	1.13	9.52	18.95	22.98	1,549	8,041
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.94	1.06	8.82	30.10	18.93	470	1,673
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.95	-3.85	12.00	11.28	34.96	1,423	5,351
JGH	Nuv Glbl Hi Incm Fd	Nuveen	0.95	-5.22	9.50	6.54	28.80	320	763
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.96	1.37	9.83	12.24	36.94	2,588	8,289
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.96	-3.87	11.87	16.62	37.12	840	5,532
KIO	KKR Incm Opp Fd	KKR Credit	0.94	-2.64	11.61	0.00	30.61	527	2,622
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.95	-4.02	7.40	4.80	33.00	644	1,531
MCI	Barings Corp Invstr	Barings	0.95	28.41	7.30	0.00	11.62	479	830
MIN	MFS Imd Incm Tr	MFS	0.94	-1.81	8.63	56.24	0.00	314	442
MPV	Barings Partcp Invstr	Barings	0.95	29.97	7.28	0.00	12.24	231	503
MSD	MS Emrg Mkt Dbt Fd	Morgan Stanley	0.93	2.53	9.86	0.00	0.00	152	635
NBB	Nuv Taxable Muni Incm Fd	Nuveen	0.94	-1.74	7.31	12.11	41.92	474	897
NCV	Virtus Convt & Incm Fd	Virtus	0.93	-9.01	11.54	84.92	37.32	351	1,195
NCZ	Virtus Convt & Incm Fd II	Virtus	0.94	-7.90	11.22	85.39	38.14	265	785
NHS	NB Hi Yld Stgs Fd	Neuberger Berman	0.94	-0.26	14.31	47.54	26.28	231	1,247
NPCT	Nuv Core Plus Impact Fd	Nuveen	0.94	-1.58	11.54	61.50	36.04	327	2,291
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.95	-3.83	10.40	30.46	36.49	485	1,126
OCCI	OFS Credit Company	OFS Capital	0.93	-1.11	22.22	0.00	41.46	163	1,902
OPP	RiverNorth DbLin Stgc Opp Fd	RiverNorth	0.94	-4.47	13.33	26.76	36.30	213	761
OXLC	Oxford Lane Cap Corp	Oxford Lane	0.93	-0.71	25.78	0.00	26.41	909	24,089
PAXS	PIMCO Access Incm Fd	PIMCO	0.95	-0.59	11.84	7.90	39.55	694	3,817
PCN	PIMCO Corp & Incm Stgy Fd	PIMCO	0.95	7.71	10.61	10.29	6.83	782	3,779
PDI	PIMCO Dyn Incm Fd	PIMCO	0.95	12.52	13.89	19.04	35.03	6,511	44,112
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.94	3.54	11.41	9.78	36.17	1,702	7,446
PDT	JH Prm Div Fd	John Hancock	0.95	-2.42	7.43	14.51	36.03	672	1,675
PFL	PIMCO Incm Stgy Fd	PIMCO	0.95	4.51	11.70	18.67	13.28	360	1,156
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.95	4.65	11.60	10.53	16.86	666	2,533
PHD	Pioneer Flt Rt Fd	Amundi Asset Mgmt	0.94	-2.28	9.14	4.58	29.20	125	744
PHK	PIMCO Hi Incm Fd	PIMCO	0.95	4.10	11.95	10.77	7.80	800	3,405
PHT	Pioneer Hi Incm Fd	Amundi Asset Mgmt	0.94	-2.63	8.12	0.00	29.20	245	1,366
PPT	Putnam Prmr Incm Tr	Putnam	0.94	-3.40	8.46	23.45	0.00	365	726
PSF	C&S Sel Pref & Incm Fd	Cohen&Steers	0.94	-6.37	7.45	5.16	33.00	261	619
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.95	-4.03	8.04	14.30	35.00	1,152	2,170
PTY	PIMCO Corp & Incm Opp Fd	PIMCO	0.94	18.60	10.26	13.78	15.09	2,216	12,198
RA	Brkf Real Ast Incm Fd	Brookfield	0.95	-7.27	10.47	12.90	24.19	806	2,396
RCS	PIMCO Stgc Incm Fd	PIMCO	0.95	53.96	6.87	4.87	34.40	212	898
SABA	Saba Cap Incm & Opp Fd II	Saba Capital	0.94	-7.49	7.52	50.99	47.56	282	617
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.94	-5.66	7.69	28.59	19.10	441	1,252
SPMC	Sound Point Meridian Cap	Sound Point Meridian Mgmt Co	0.93	-3.62	16.84	0.00	24.50	381	506
TEI	Tmp Emrg Mkt Incm Fd	Franklin Templeton	0.96	-3.59	9.22	2.01	18.49	303	1,201
VVR	Invsc Sr Incm Tr	Invesco	0.94	1.60	11.97	12.21	33.82	576	2,679
WDI	WA Divr Incm Fd	Franklin Templeton	0.95	0.00	11.96	0.00	32.30	772	3,007
WIW	WA Inf-Lnk Opp & Incm Fd	Franklin Templeton	0.94	-9.65	8.52	3.81	30.55	596	2,048
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	0.96	-5.62	14.71	0.00	37.89	461	2,584

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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