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07. All Municipal Bond Index

Data as of

About the Index

Top 100 most liquid municipal bond funds. Equal weight. The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.

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 1,036.73 0.71 2.27 2.50 0.52 1.05 8.27 -1.56 -0.66 2.50 1.47 3.67 3.67
NAV 1,011.76 0.64 1.47 0.82 0.59 0.22 3.79 -1.74 -0.26 2.41 1.17 1.18 1.18
Difference -0.07 -0.80 -1.69 0.08 -0.83 -4.48 -0.18 0.40 -0.09 -0.30 -2.50 -2.50
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $831.25
2025 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2025
Price 2.18 - - - - - - - - - - - - - - - - - -
NAV 0.01 - - - - - - - - - - - - - - - - - -
Difference -2.17 - - - - - - - - - - - - - - - - - -
2024 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2024
Price 1.09 0.71 1.15 2.98 -2.94 1.88 3.77 2.61 5.66 1.77 1.76 2.81 6.48 -2.91 2.13 -4.72 -5.52 0.59 6.29
NAV -0.42 0.20 0.08 -0.14 -1.90 0.28 2.41 0.75 0.60 1.10 0.78 1.40 3.32 -2.13 2.44 -2.26 -2.00 1.25 1.86
Difference -1.51 -0.51 -1.08 -3.12 1.04 -1.60 -1.36 -1.86 -5.06 -0.67 -0.99 -1.41 -3.16 0.78 0.32 2.46 3.52 0.65 -4.43
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 5.80 -4.90 1.94 2.55 -0.69 -2.42 1.85 -1.30 1.22 1.55 -4.08 -7.00 -9.40 -3.27 12.45 4.31 13.47 2.80 4.06
NAV 4.93 -3.85 2.58 3.49 -0.02 -1.18 1.66 0.43 3.94 0.31 -2.48 -5.13 -7.20 -3.01 11.20 4.09 12.27 4.18 8.28
Difference -0.87 1.06 0.64 0.93 0.67 1.23 -0.19 1.73 2.71 -1.25 1.59 1.87 2.20 0.25 -1.25 -0.22 -1.20 1.38 4.22
2022 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2022
Price -7.78 -2.28 -4.59 -14.01 -6.70 4.14 -4.44 -7.16 -20.17 5.15 -3.44 -10.09 -8.72 -3.09 11.12 -2.77 4.70 -4.43 -23.70
NAV -4.24 -0.98 -5.07 -9.99 -5.12 1.88 -4.14 -7.34 -16.59 4.53 -3.77 -7.32 -6.78 -2.34 8.55 -0.36 5.64 -1.52 -17.87
Difference 3.54 1.29 -0.48 4.03 1.58 -2.26 0.30 -0.18 3.58 -0.62 -0.33 2.78 1.94 0.75 -2.56 2.41 0.94 2.90 5.84
2021 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2021
Price 0.81 -1.69 2.10 1.18 1.99 2.36 1.62 6.09 7.35 1.26 0.39 -2.55 -0.94 -1.08 1.48 0.82 1.21 0.26 7.63
NAV 1.29 -2.25 0.96 -0.04 1.58 0.93 0.90 3.45 3.40 1.15 -0.64 -1.23 -0.74 -0.29 1.47 0.38 1.56 0.80 4.23
Difference 0.48 -0.56 -1.14 -1.22 -0.42 -1.43 -0.72 -2.64 -3.94 -0.11 -1.03 1.32 0.19 0.79 -0.01 -0.44 0.34 0.54 -3.40
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price 2.58 -1.51 -8.89 -7.96 -3.39 5.89 1.82 4.16 -4.13 5.02 -0.54 -0.50 3.94 -0.95 4.83 2.44 6.36 10.54 5.98
NAV 2.62 2.28 -8.88 -4.36 -3.05 4.85 2.59 4.29 -0.26 2.77 -0.49 -0.17 2.09 -0.38 2.84 1.70 4.20 6.38 6.10
Difference 0.04 3.79 0.02 3.60 0.35 -1.05 0.77 0.12 3.87 -2.25 0.05 0.32 -1.84 0.58 -1.99 -0.73 -2.16 -4.17 0.12
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 5.22 1.93 2.36 9.77 0.81 2.08 1.36 4.31 14.50 2.88 1.83 -0.76 3.96 -0.25 0.38 1.11 1.23 5.24 20.51
NAV 0.59 0.79 2.48 3.90 0.58 2.07 0.52 3.20 7.22 0.97 2.58 -1.00 2.54 -0.03 0.23 0.52 0.72 3.28 10.74
Difference -4.62 -1.14 0.12 -5.87 -0.23 -0.01 -0.84 -1.11 -7.28 -1.91 0.76 -0.24 -1.43 0.23 -0.15 -0.59 -0.51 -1.96 -9.77
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price -4.25 -1.06 -0.40 -5.65 -0.36 1.93 0.14 1.71 -4.03 0.29 0.98 -2.52 -1.28 -3.52 2.74 -0.08 -0.95 -2.22 -6.16
NAV -1.59 -0.65 0.56 -1.68 -0.54 1.63 0.14 1.23 -0.48 0.20 0.20 -0.88 -0.49 -1.33 1.04 1.55 1.25 0.75 0.27
Difference 2.66 0.41 0.96 3.96 -0.19 -0.30 0.00 -0.48 3.55 -0.09 -0.79 1.64 0.79 2.19 -1.70 1.63 2.20 2.97 6.43
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 2.60 0.09 -0.41 2.27 1.84 1.81 0.26 3.95 6.31 2.17 0.44 -0.61 1.98 -1.43 0.17 0.69 -0.58 1.40 7.79
NAV 0.49 1.06 0.33 1.90 0.95 2.05 -0.15 2.86 4.81 0.83 1.22 -0.34 1.71 0.16 -0.34 1.62 1.44 3.18 8.14
Difference -2.11 0.97 0.75 -0.37 -0.89 0.24 -0.41 -1.09 -1.50 -1.33 0.78 0.27 -0.27 1.59 -0.51 0.92 2.02 1.78 0.35
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price 1.95 1.27 2.28 5.59 2.28 -0.16 4.29 6.49 12.44 0.38 -0.78 -0.72 -1.11 -5.96 -5.20 1.77 -9.27 -10.28 0.88
NAV 1.24 0.12 1.04 2.42 1.24 0.78 2.53 4.62 7.15 -0.07 0.40 -0.70 -0.37 -1.58 -5.67 1.56 -5.71 -6.06 0.66
Difference -0.71 -1.14 -1.23 -3.17 -1.04 0.94 -1.75 -1.87 -5.29 -0.45 1.17 0.02 0.74 4.39 -0.47 -0.20 3.57 4.23 -0.22
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 4.53 -2.03 0.46 2.87 0.34 -2.56 -2.61 -4.78 -2.05 1.43 0.52 1.91 3.90 2.97 0.22 2.88 6.17 10.31 8.05
NAV 2.63 -1.60 0.56 1.56 -0.93 -0.49 -0.45 -1.86 -0.34 0.90 0.49 1.02 2.44 0.77 0.86 1.53 3.19 5.70 5.35
Difference -1.90 0.44 0.11 -1.31 -1.27 2.07 2.17 2.92 1.71 -0.52 -0.02 -0.89 -1.46 -2.20 0.64 -1.35 -2.98 -4.60 -2.70
2014 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2014
Price 5.52 1.47 0.93 8.07 2.96 2.47 -0.03 5.47 13.97 -1.31 2.25 -0.61 0.30 2.22 0.13 2.32 4.72 5.03 19.71
NAV 3.84 2.11 0.77 6.85 2.34 2.55 0.04 4.98 12.18 0.36 2.35 0.40 3.13 1.24 0.29 1.42 2.98 6.20 19.12
Difference -1.68 0.65 -0.16 -1.21 -0.62 0.08 0.07 -0.49 -1.80 1.67 0.10 1.01 2.83 -0.98 0.16 -0.89 -1.74 1.17 -0.58
2013 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2013
Price 2.80 -0.81 -2.41 -0.50 1.57 -6.06 -3.41 -7.84 -8.30 -6.22 -2.14 3.76 -4.78 0.87 -3.39 2.31 -0.31 -5.07 -12.95
NAV 0.82 0.46 -0.82 0.45 1.79 -1.93 -6.12 -6.28 -5.86 -2.58 -3.08 4.05 -1.75 1.20 -0.34 -0.20 0.65 -1.11 -6.90
Difference -1.98 1.27 1.60 0.95 0.22 4.13 -2.71 1.56 2.44 3.65 -0.95 0.29 3.02 0.33 3.05 -2.51 0.96 3.96 6.04
2012 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2012
Price 4.68 0.51 -2.25 2.86 2.70 1.74 1.46 6.01 9.04 3.40 -0.60 3.13 6.00 -0.44 2.76 -4.55 -2.35 3.50 12.86
NAV 4.48 0.43 -0.47 4.43 1.81 1.75 -0.06 3.53 8.12 2.85 0.45 0.99 4.33 0.71 3.12 -2.04 1.73 6.13 14.74
Difference -0.20 -0.09 1.77 1.57 -0.88 0.01 -1.52 -2.48 -0.92 -0.55 1.05 -2.14 -1.67 1.16 0.35 2.51 4.08 2.62 1.88

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-6.89%
1Yr Disc
-8.26%
3Yr Disc
-8.55%
5Yr Disc
-6.54%
Rel Disc Range (3yr)
55.83%
Mkt Yield
5.90%
Lev Adj NAV Yield
4.19%
After Tax Yield*
5.85%
Est Tax Friction*
0.05%
3Yr NAV Volatiliy
7.36
1 Yr RoC
29.34%
3 Yr Dest RoC
20.84%
Leverage
31.14%
Non Lev Exp Ratio
1.04%
Beta (2yr)
0.87
Equity Exposure
2.23%
Bond Exposure
96.64%
# Holdings
100
Cash Weighted Duration
11.00
Comp NAV TR
0.54%
Comp Discount
0.11%
Net Assets (M)
528
Liquidity - 90d (K)
1,719
* 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


100 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 0.99 -6.17 7.58 30.05 40.24 3,681 12,815
NAD Nuv Qlty Muni Incm Fd Nuveen 0.99 -6.81 7.61 23.49 40.93 2,981 10,187
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 1.00 -6.64 7.49 27.80 40.75 2,895 8,380
NZF Nuv Muni Cr Incm Fd Nuveen 1.01 -5.67 7.54 19.26 39.73 2,598 8,354
MUI BR Muni Incm Fd BlackRock 0.97 -9.23 5.45 23.39 16.96 480 6,350
NAC Nuv CA Qlty Muni Inc Fd Nuveen 0.99 -6.81 7.67 37.05 40.71 1,786 5,814
NUV Nuv Muni Val Fd Nuveen 1.00 -4.83 4.40 0.00 2.70 1,934 5,076
BBN BR Taxable Muni BndTr BlackRock 1.01 -4.12 6.65 18.76 32.22 1,080 3,423
BTT BR Muni 2030 Tgt Trm Tr BlackRock 1.01 -11.20 2.60 0.54 34.50 1,581 4,299
NMZ Nuv Muni Hi Incm Opp Fd Nuveen 1.01 0.27 7.01 3.09 39.93 1,253 3,915
MUC BR MuniHldg CA Qlty Fd BlackRock 1.00 -10.42 5.84 25.47 38.29 1,157 3,891
MYI BR MuniYld Qlty Fd III BlackRock 0.99 -8.22 5.90 27.87 39.32 817 2,890
VMO Invsc Muni Opp Tr Invesco 0.99 -7.84 7.60 36.70 36.00 722 2,851
NMCO Nuv Muni Cr Opp Fd Nuveen 1.02 -5.90 7.37 3.84 41.38 650 2,707
MQY BR MuniYld Qlty Fd BlackRock 1.01 -6.81 5.78 26.62 36.97 928 3,077
NDMO Nuv Dyn Muni Opp Fd Nuveen 1.03 -3.90 7.02 41.21 29.48 657 2,686
NRK Nuv NY AMT-Fr Qlty Muni Incm Nuveen 0.99 -8.15 7.74 34.43 40.09 1,016 2,611
PML PIMCO Muni Incm Fd II PIMCO 1.03 -0.93 5.55 33.29 40.36 573 2,548
GBAB Gghm Taxable Muni Bnd & Inv Grd Dbt Guggenheim Funds 1.02 3.12 9.51 44.35 22.22 409 2,385
VGM Invsc Tr fr Inv Grd Muni Invesco 0.98 -7.68 7.59 36.37 33.00 600 1,906
IIM Invsc Val Muni Incm Tr Invesco 1.00 -7.13 7.55 32.50 32.00 621 2,177
VCV Invsc CA Val Muni Incm Tr Invesco 0.99 1.09 6.94 30.93 38.00 529 1,758
VKQ Invsc Muni Tr Invesco 0.99 -7.16 7.55 35.93 35.00 595 1,567
IQI Invsc Qlty Muni Incm Tr Invesco 0.98 -7.41 7.57 31.57 33.00 571 1,895
NAN Nuv NY Qlty Muni Incm Fd Nuveen 0.99 -4.20 7.43 33.05 39.58 374 2,688
MMU WA Mgd Muni Fd Franklin Templeton 1.00 -8.21 6.22 39.67 33.59 625 1,833
MYD BR MuniYld Fd BlackRock 1.01 -8.82 6.03 25.44 39.34 544 1,802
MUJ BR MuniHldg NJ Qlty Fd BlackRock 1.01 -10.38 5.60 23.60 39.34 687 1,880
KTF DWS Muni Incm Tr Deutsche 0.99 -3.41 7.59 48.04 35.90 391 1,056
EIM EV Muni Bnd Fd Eaton Vance 0.97 -7.67 5.89 29.88 33.20 606 1,800
NXJ Nuv NJ Qlty Muni Incm Fd Nuveen 0.98 -8.05 7.71 47.16 40.96 548 1,632
BLE BR Muni Incm Tr II BlackRock 1.00 -9.16 5.99 28.54 35.65 568 1,382
VKI Invsc Adv Muni Incm Tr II Invesco 0.99 -7.09 7.53 33.56 36.00 426 1,441
NKX Nuv CA AMT-Fr Qlty Muni Incm Nuveen 0.99 0.47 7.06 36.27 41.33 611 1,457
NBB Nuv Taxable Muni Incm Fd Nuveen 1.05 -2.18 7.18 13.64 41.58 485 1,451
BFZ BR CA Muni Incm Tr BlackRock 0.98 -9.62 6.23 38.11 36.62 378 1,442
NXP Nuv Sel Tx-Free Incm Port Nuveen 0.97 4.27 4.12 0.00 3.51 728 1,375
MHD BR MuniHldg Fd BlackRock 1.02 -8.39 5.84 21.20 37.21 696 1,281
BFK BR Muni Incm Tr BlackRock 1.01 -8.37 5.83 25.20 37.67 492 1,238
EVN EV Muni Incm Tr Eaton Vance 1.00 -6.85 5.88 14.59 26.30 446 1,307
RFMZ RivNth Flex Muni Incm Fd II RiverNorth 1.04 -6.80 7.15 59.82 38.70 376 1,377
NQP Nuv PA Qlty Muni Incm Fd Nuveen 1.01 -9.95 8.02 46.36 40.53 482 1,262
PMO Putnam Muni Opp Tr Putnam 1.02 -7.21 3.93 20.43 23.27 341 1,160
MYN BR MuniYld NY Qlty Fd BlackRock 0.99 -9.75 5.98 29.64 37.97 436 1,143
LEO BNY Mellon Stgc Muni BNY Mellon 1.00 -11.90 3.67 0.00 33.91 440 1,194
MUA BR MuniAst Fd BlackRock 0.99 -4.00 5.90 26.13 29.73 452 1,100
NBH NB Muni Fd Neuberger Berman 1.00 -9.80 6.09 22.54 39.28 351 1,168
RMM RivNth Mgd Dur Muni Incm Fd RiverNorth 1.01 -7.90 7.23 59.77 39.90 322 1,135
NCA Nuv CA Muni Val Fd Nuveen 0.99 -7.07 4.01 0.00 0.00 309 1,124
BYM BR Muni Incm Qlty Tr BlackRock 1.02 -8.13 5.84 23.31 35.90 322 1,188
VTN Invsc Tr fr Inv Grd NY Muni Invesco 0.98 -9.49 7.76 40.42 34.00 171 912
MVT BR MuniVest Fd II BlackRock 1.01 -10.02 5.92 29.35 35.58 254 961
EOT EV Nat Muni Opp Tr Eaton Vance 1.00 -8.38 4.84 0.76 11.80 289 1,016
PMX PIMCO Muni Incm Fd III PIMCO 0.99 -5.91 5.29 25.88 40.87 266 927
MUE BR MuniHldg Qlty Fd II BlackRock 1.01 -8.67 5.87 25.84 34.12 250 835
MVF BR MuniVest Fd BlackRock 1.00 -7.72 5.93 19.59 35.78 476 908
PMF PIMCO Muni Incm Fd PIMCO 1.00 -0.76 5.48 35.02 41.66 244 934
MIY BR MuniYld MI Qlty Fd BlackRock 1.01 -9.04 5.60 25.87 39.02 372 853
AFB AB Nat Muni Incm Fd AllianceBernstein 0.99 -11.39 4.27 0.00 39.91 361 767
NUW Nuv AMT-Fr Muni Val Fd Nuveen 0.99 -8.83 4.21 0.00 2.16 273 770
EVM EV CA Muni Bnd Fd Eaton Vance 1.00 -7.16 5.28 30.45 23.60 252 762
DSM BNY Mellon Stgc Muni Bnd Fd BNY Mellon 0.99 -11.89 3.64 0.00 32.37 333 929
BKN BR Inv Qlty Muni Tr BlackRock 1.02 -8.38 5.85 25.52 37.61 220 956
PMM Putnam Mgd Muni Incm Tr Putnam 1.02 -8.48 4.56 19.85 21.93 305 921
DMB BNY Mellon Muni Bnd Infra Fd BNY Mellon 1.00 -11.99 3.38 0.00 34.92 223 843
OIA Invsc Muni Incm Opp Tr Invesco 1.01 -4.21 5.68 15.90 28.34 306 904
VPV Invsc PA Val Muni Incm Tr Invesco 0.98 -10.21 7.71 44.54 34.00 207 881
MHN BR MuniHldg NY Qlty Fd BlackRock 0.99 -10.11 5.84 25.00 41.48 356 842
MQT BR MuniYld Qlty Fd II BlackRock 1.01 -9.67 5.95 23.91 37.45 252 759
PCK PIMCO CA Muni Incm Fd II PIMCO 1.00 -11.61 4.40 22.37 40.83 214 843
BNY BR NY Muni Incm Tr BlackRock 1.01 -9.48 5.77 29.00 39.68 282 714
PCQ PIMCO CA Muni Incm Fd PIMCO 0.99 -11.25 4.68 27.80 41.07 197 854
NNY Nuv NY Muni Val Fd Nuveen 1.00 -7.34 4.25 0.00 0.00 170 692
MFM MFS Muni Incm Tr MFS 1.00 -10.39 4.67 0.00 28.00 254 593
RMMZ RivNth Mgd Dur Muni Incm Fd II RiverNorth 1.05 -5.89 7.07 62.36 38.70 145 670
PZC PIMCO CA Muni Incm Fd III PIMCO 0.97 -10.55 5.15 34.08 40.90 173 652
ETX EV Muni Incm 2028 Trm Tr Eaton Vance 1.01 -2.09 5.13 29.27 6.70 203 547
MHI Pioneer Muni Hi Incm Fd Amundi Asset Mgmt 0.99 -5.67 4.43 8.34 17.70 229 492
MAV Pioneer Muni Hi Incm Adv Fd Amundi Asset Mgmt 1.00 -5.87 4.50 11.42 18.30 220 472
MHF WA Muni Hi Incm Fd Franklin Templeton 1.03 0.00 5.67 29.59 2.53 156 487
PNI PIMCO NY Muni Incm Fd II PIMCO 1.00 -11.66 4.82 29.26 41.20 93 503
FMN Fed Prmr Muni Incm Fd Federated 1.00 -11.37 4.28 0.00 40.95 146 462
NPV Nuv VA Qlty Muni Incm Fd Nuveen 0.98 4.01 6.80 33.97 40.12 221 417
MIO Pioneer Muni Hi Incm Opp Fd Amundi Asset Mgmt 0.99 -6.42 4.96 12.23 10.50 218 397
RMI RivNth Opportunistic Muni Incm RiverNorth 1.02 -7.16 7.16 61.02 39.90 109 468
DMF BNY Mellon Muni Incm BNY Mellon 0.98 -6.13 3.17 0.00 34.43 159 298
NAZ Nuv AZ Qlty Muni Incm Fd Nuveen 1.06 2.13 6.99 43.06 38.54 141 425
SBI WA Imd Muni Fd Franklin Templeton 0.98 -10.92 6.44 45.32 30.21 124 416
NIM Nuv Sel Maturities Muni Fd Nuveen 1.01 -9.14 3.65 0.00 0.00 124 473
ENX EV NY Muni Bnd Fd Eaton Vance 1.00 -7.12 5.11 27.88 30.60 189 461
VFL abrdn Nat Muni Incm Fd abrdn 1.01 -11.50 5.69 0.00 41.11 146 445
BTA BR L-T Muni Adv Tr BlackRock 0.99 -5.31 5.95 22.64 37.67 142 434
RFM RivNth Flex Muni Incm Fd RiverNorth 1.02 -8.13 7.24 61.70 38.10 104 423
CEV EV CA Muni Incm Tr Eaton Vance 0.99 -11.57 5.86 21.54 24.00 81 356
CXE MFS Hi Incm Muni Tr MFS 0.99 -11.97 5.12 0.00 34.00 134 341
NMT Nuv MA Qlty Muni Incm Fd Nuveen 0.99 -1.85 7.29 37.61 40.06 111 328
NMI Nuv Muni Incm Fd Nuveen 1.02 -2.37 4.62 0.00 0.00 102 324
BMN BR 2037 Muni Tgt Trm Tr BlackRock 0.97 -1.35 4.38 0.96 7.30 160 391
NXC Nuv CA Sel Tx-Free Incm Port Nuveen 0.99 -3.35 4.11 0.00 0.00 88 312
DTF DTF Tx-Free Incm 2028 Trm Fd Virtus 0.98 -7.30 3.45 22.92 0.00 86 305

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.

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