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

02. High Income Index

Data as of 07/01/2025 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	1,709.87	0.60	3.12	4.33	5.97	8.62	13.95	12.71	13.00	6.28	4.33	0.60	8.62
NAV	1,585.53	0.18	1.77	3.55	5.37	5.82	11.49	10.44	9.55	5.21	3.55	0.18	5.82
Difference		-0.42	-1.35	-0.78	-0.60	-2.80	-2.46	-2.27	-3.45	-1.07	-0.78	-0.42	-2.80
* Periods greater than 1 Year are annualized.      ** On Inception Date (Dec. 30, 2016), Index Price was $1,000 and NAV was $1,000.00

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	5.00	0.06	-2.44	2.50	-1.47	3.09	3.70	5.34	7.97	-	-	-	-	-	-	-	-	-	-
NAV	2.47	-0.22	-1.78	0.42	-0.11	1.88	3.36	5.18	5.63	-	-	-	-	-	-	-	-	-	-
Difference	-2.52	-0.28	0.66	-2.08	1.35	-1.21	-0.35	-0.16	-2.35	-	-	-	-	-	-	-	-	-	-
2024 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2024
Price	2.33	1.82	3.41	7.74	-1.39	3.97	1.64	4.20	12.27	3.69	1.39	2.17	7.41	-1.43	3.54	-3.98	-2.01	5.25	18.17
NAV	0.18	1.80	2.37	4.40	-1.46	2.47	0.89	1.87	6.35	2.32	1.76	1.72	5.91	-0.76	2.61	-2.25	-0.46	5.42	12.12
Difference	-2.15	-0.01	-1.04	-3.34	-0.06	-1.50	-0.75	-2.33	-5.92	-1.37	0.37	-0.45	-1.50	0.67	-0.92	1.73	1.55	0.17	-6.05
2023 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2023
Price	11.21	-1.88	-2.64	6.23	0.60	-1.70	5.17	3.99	10.47	4.35	-1.65	-4.70	-2.20	-4.96	8.41	4.36	7.53	5.17	16.18
NAV	6.02	-2.12	0.39	4.18	1.07	-1.26	3.16	2.95	7.25	2.53	-1.00	-3.04	-1.58	-2.06	5.82	4.19	7.98	6.28	13.99
Difference	-5.19	-0.24	3.04	-2.05	0.47	0.44	-2.01	-1.05	-3.22	-1.82	0.65	1.66	0.62	2.90	-2.59	-0.17	0.45	1.11	-2.19
2022 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-1.69	-2.49	1.60	-2.60	-6.25	-1.07	-7.60	-14.30	-16.53	8.50	-1.58	-13.08	-7.19	6.10	5.91	-6.75	4.79	-2.74	-18.82
NAV	-2.02	-1.17	1.02	-2.18	-4.70	-0.80	-6.64	-11.75	-13.67	5.69	-2.40	-6.68	-3.74	3.13	4.52	-3.17	4.38	0.47	-13.27
Difference	-0.33	1.31	-0.58	0.42	1.55	0.27	0.96	2.55	2.85	-2.81	-0.81	6.39	3.45	-2.98	-1.38	3.58	-0.41	3.22	5.55
2021 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	3.07	5.52	4.49	13.65	4.37	2.56	1.93	9.10	24.00	0.24	1.82	-2.85	-0.85	3.98	-2.28	0.60	2.22	1.36	25.68
NAV	1.27	2.22	2.25	5.85	2.91	1.88	1.09	5.98	12.19	0.39	1.40	-1.62	0.15	2.28	-2.07	2.10	2.26	2.41	14.89
Difference	-1.80	-3.30	-2.24	-7.79	-1.46	-0.68	-0.84	-3.12	-11.81	0.15	-0.42	1.24	1.00	-1.70	0.20	1.49	0.04	1.05	-10.78
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	-10.78	-34.96	-42.04	21.51	6.53	-1.22	27.86	-25.90	2.19	3.50	-3.28	2.30	-1.47	16.90	3.83	19.59	22.34	-9.34
NAV	-1.37	-6.57	-26.08	-31.89	15.62	4.34	0.44	21.17	-17.46	3.59	2.39	-2.11	3.83	0.35	9.24	3.67	13.64	18.00	-2.61
Difference	-1.25	4.21	8.88	10.15	-5.89	-2.19	1.67	-6.68	8.43	1.40	-1.11	1.17	1.53	1.82	-7.66	-0.16	-5.95	-4.34	6.73
2019 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2019
Price	14.98	1.62	1.73	18.85	1.82	-3.40	4.02	2.32	21.61	1.41	-4.11	1.96	-0.84	-0.62	-0.23	3.79	2.91	2.04	24.09
NAV	8.73	1.35	2.01	12.41	1.06	-2.34	3.08	1.74	14.37	-0.10	-2.38	1.20	-1.31	-0.50	-0.41	4.02	3.08	1.73	16.35
Difference	-6.25	-0.27	0.29	-6.44	-0.76	1.06	-0.94	-0.58	-7.24	-1.51	1.73	-0.76	-0.46	0.13	-0.18	0.22	0.17	-0.31	-7.74
2018 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2018
Price	2.43	-4.30	-1.81	-3.75	4.21	2.23	-0.35	6.15	2.17	3.05	1.41	-1.22	3.23	-8.13	0.45	-10.41	-17.31	-14.65	-12.79
NAV	2.81	-4.45	-1.76	-3.49	2.81	1.96	-0.13	4.68	1.03	3.05	0.68	-0.29	3.45	-4.66	0.10	-6.62	-10.89	-7.82	-6.87
Difference	0.38	-0.15	0.06	0.26	-1.40	-0.27	0.22	-1.47	-1.15	0.00	-0.73	0.93	0.22	3.46	-0.36	3.79	6.42	6.83	5.92
2017 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2017
Price	4.65	3.04	0.58	8.46	2.68	0.61	0.13	3.45	12.20	2.40	-1.83	2.40	2.94	-2.28	-1.67	3.21	-0.82	2.09	14.55
NAV	2.10	1.90	0.21	4.26	1.12	0.50	0.50	2.14	6.49	1.77	-0.59	1.45	2.64	-0.47	0.18	2.31	2.01	4.70	11.49
Difference	-2.55	-1.14	-0.37	-4.20	-1.56	-0.11	0.37	-1.31	-5.71	-0.63	1.24	-0.95	-0.31	1.81	1.84	-0.90	2.83	2.60	-3.06
2016 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2016
Price	-7.98	0.29	10.04	1.55	8.55	1.42	3.32	13.75	15.52	4.99	2.08	0.57	7.78	-2.49	1.07	1.81	0.34	8.15	24.93
NAV	-7.03	-0.67	7.13	-1.07	7.12	1.92	2.50	11.91	10.70	2.84	1.52	1.73	6.21	-1.07	0.64	2.00	1.55	7.86	19.40
Difference	0.95	-0.97	-2.91	-2.63	-1.42	0.50	-0.82	-1.84	-4.81	-2.15	-0.56	1.17	-1.58	1.41	-0.42	0.19	1.21	-0.29	-5.53
2015 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2015
Price	0.75	4.19	-1.61	3.28	2.55	-0.88	-4.38	-2.80	0.39	-3.34	-4.33	-5.75	-12.84	8.36	-3.53	-4.80	-0.49	-13.27	-12.93
NAV	-0.18	3.07	-1.02	1.84	2.60	0.15	-2.12	0.58	2.43	-1.11	-3.79	-4.14	-8.80	5.62	-3.04	-5.73	-3.46	-11.95	-9.81
Difference	-0.93	-1.12	0.59	-1.44	0.05	1.02	2.26	3.37	2.04	2.23	0.54	1.61	4.04	-2.73	0.49	-0.92	-2.96	1.32	3.12
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	0.42	3.75	0.23	4.43	1.61	2.44	2.06	6.25	10.96	-2.33	2.44	-4.27	-4.23	-0.06	-0.64	-5.93	-6.59	-10.54	-0.73
NAV	-0.08	2.99	0.70	3.63	1.19	1.52	1.74	4.51	8.30	-1.13	1.83	-2.90	-2.24	-0.23	-0.83	-3.06	-4.08	-6.23	1.55
Difference	-0.50	-0.76	0.46	-0.81	-0.43	-0.93	-0.33	-1.74	-2.66	1.21	-0.61	1.37	1.99	-0.17	-0.18	2.87	2.51	4.31	2.29
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	6.78	0.51	1.72	9.18	1.21	-1.76	-2.39	-2.96	5.95	1.14	-2.83	2.55	0.78	3.01	-1.11	1.19	3.08	3.89	10.07
NAV	3.64	-0.09	1.47	5.07	1.72	-0.41	-2.71	-1.44	3.55	2.71	-1.44	2.68	3.95	2.35	0.35	0.62	3.34	7.42	11.23
Difference	-3.14	-0.61	-0.25	-4.11	0.51	1.36	-0.32	1.51	-2.40	1.58	1.39	0.13	3.16	-0.66	1.46	-0.57	0.26	3.53	1.16
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	8.54	3.57	-0.37	12.00	0.07	-5.11	3.45	-1.77	10.01	3.19	2.80	2.50	8.74	-1.57	-1.65	0.06	-3.13	5.34	15.88
NAV	4.29	3.06	0.38	7.88	0.15	-4.81	2.86	-1.93	5.80	2.07	1.88	2.38	6.46	0.17	0.21	1.42	1.81	8.39	14.68
Difference	-4.25	-0.52	0.75	-4.11	0.08	0.31	-0.59	-0.16	-4.21	-1.13	-0.92	-0.12	-2.28	1.74	1.86	1.36	4.94	3.06	-1.20

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -0.98%	1Yr Disc -1.48%	3Yr Disc -3.61%	5Yr Disc -3.02%	Rel Disc Range (3yr) 64.45%
Mkt Yield 13.48%	Lev Adj NAV Yield 10.95%	After Tax Yield* 11.44%	Est Tax Friction* 2.04%	3Yr NAV Volatiliy 12.52
1 Yr RoC 51.79%	3 Yr Dest RoC 22.80%	Leverage 24.40%	Non Lev Exp Ratio 2.40%	Beta (2yr) 0.69
Equity Exposure 51.55%	Bond Exposure 44.12%	# Holdings 90	Cash Weighted Duration 1.36
Comp NAV TR -0.07%	Comp Discount 2.09%	Net Assets (M) 677	Liquidity - 90d (K) 3,745
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

90 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
OXLC	Oxford Lane Cap Corp	Oxford Lane	1.10	-0.71	25.78	0.00	26.41	909	25,146
OCCI	OFS Credit Company	OFS Capital	1.11	-0.80	22.15	0.00	41.46	163	1,926
ECC	Eagle Point Cr Co	Eagle Point	1.11	4.90	21.79	3.15	38.23	909	10,718
CCIF	Carlyle Cr Incm Fd	Carlyle Glbl Cr Inv Mgmt	1.10	-1.37	19.50	0.00	35.90	138	1,304
SPMC	Sound Point Meridian Cap	Sound Point Meridian Mgmt Co	1.10	-3.95	16.89	0.00	24.50	381	506
EARN	Ellington Cr Co	Ellington Cr Co Mgmt	1.09	-6.58	16.90	0.00	74.40	228	2,827
ACP	abrdn Incm Cr Stgs Fd	abrdn	1.11	-3.26	15.68	36.89	28.18	769	4,012
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	1.12	-6.29	14.84	0.00	37.89	460	2,541
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	1.10	28.60	14.73	59.22	14.65	2,049	15,796
NHS	NB Hi Yld Stgs Fd	Neuberger Berman	1.11	0.00	14.29	47.54	26.28	231	1,246
EDF	Virtus SH Emrg Mkt Incm Fd	Virtus	1.11	5.82	14.15	41.88	24.23	141	623
PDI	PIMCO Dyn Incm Fd	PIMCO	1.12	12.65	13.88	19.04	35.03	6,507	44,156
HIX	WA Hi Incm Fd II	Franklin Templeton	1.13	-0.69	13.55	17.33	32.38	393	1,644
OPP	RiverNorth DbLin Stgc Opp Fd	RiverNorth	1.11	-4.68	13.33	26.76	36.30	214	758
FCO	abrdn Glbl Incm Fd	abrdn	1.11	103.80	13.04	68.50	30.11	43	514
DMO	WA Mortg Opp Fd	Franklin Templeton	1.12	0.08	13.05	16.85	46.65	136	698
BRW	Saba Cap Incm & Opp Fd	Saba Capital	1.11	-4.59	12.58	25.07	16.35	362	1,259
FAX	abrdn Asia-Pacific Incm Fd	abrdn	1.12	-3.98	12.24	42.98	38.19	695	2,230
JFR	Nuv Flt Rt Incm Fd	Nuveen	1.12	-3.96	12.03	11.28	34.96	1,421	5,343
JQC	Nuv Cr Stgs Incm Fd	Nuveen	1.13	-3.88	11.89	16.62	37.12	838	5,494
WDI	WA Divr Incm Fd	Franklin Templeton	1.12	-0.07	11.97	0.00	32.30	772	2,993
PHK	PIMCO Hi Incm Fd	PIMCO	1.12	3.90	12.00	10.77	7.80	798	3,416
VVR	Invsc Sr Incm Tr	Invesco	1.11	1.60	12.00	12.21	33.82	574	2,682
PAXS	PIMCO Access Incm Fd	PIMCO	1.12	-0.79	11.87	7.90	39.55	694	3,758
PFL	PIMCO Incm Stgy Fd	PIMCO	1.12	4.51	11.70	18.67	13.28	360	1,153
PFN	PIMCO Incm Stgy Fd II	PIMCO	1.12	4.94	11.58	10.53	16.86	665	2,545
AVK	Advent Convt & Incm Fd	Guggenheim Funds	1.11	-3.34	11.58	70.06	39.45	555	1,877
KIO	KKR Incm Opp Fd	KKR Credit	1.10	-2.72	11.63	0.00	30.61	527	2,612
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.11	5.19	11.55	48.18	35.90	523	1,721
BWG	BwGlobal Glbl Incm Opp Fd	Franklin Templeton	1.12	-8.63	11.48	29.91	40.23	154	723
BGT	BR Flt Rt Incm Fd	BlackRock	1.12	3.78	11.42	27.64	18.71	330	1,662
NPCT	Nuv Core Plus Impact Fd	Nuveen	1.12	-0.70	11.44	61.50	36.04	327	2,297
FTF	FrkTmp Ltd Dur Incm Tr	Franklin Templeton	1.11	-5.27	11.41	15.57	31.98	276	1,091
NCV	Virtus Convt & Incm Fd	Virtus	1.10	-8.48	11.54	84.92	37.32	349	1,193
FCT	FT Sr Flt Rt Incm Fd II	First Trust	1.09	-4.20	11.61	16.24	13.59	272	1,149
EIC	Eagle Point Incm Co	Eagle Point	1.11	-2.76	11.36	0.00	26.68	380	4,290
OXSQ	Oxford Square Cap Corp	Oxford Lane	0.59	6.70	18.83	0.00	43.35	149	1,219
HRZN	Horizon Tech Fin Corp	Horizon Tech Fin	0.59	-4.49	18.26	0.00	59.65	305	3,861
WHF	WhiteHorse Finance	H.I.G. Capital	0.59	-27.17	17.46	0.00	53.20	281	840
ICMB	Investcorp Cr Mgmt BDC	Investcorp	0.58	-49.26	17.45	0.00	58.28	78	135
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.58	-19.49	17.29	0.00	51.49	347	2,129
PSEC	Prospect Capital Corp	Prospect Capital	0.59	-55.45	16.72	0.00	52.32	3,274	11,032
OFS	OFS Capital Corp	OFS Capital	0.59	-28.40	15.87	0.00	59.86	160	431
MRCC	Monroe Capital Corp	Monroe Capital	0.60	-24.57	15.36	0.00	58.76	187	582
CION	CION Inv Corp	CION Inv Mgmt	0.59	-32.35	14.91	0.00	64.19	752	3,654
PTMN	Portman Ridge Fin Corpn	Sierra Crest Inv Mgmt	0.58	-33.63	15.03	0.00	57.74	173	632
TRIN	Trinity Capital	Trinity Capital	0.58	7.59	14.53	0.00	51.63	844	9,582
PNNT	PennantPark Inv Corp	PennantPark	0.59	-8.56	14.04	0.00	49.61	488	3,509
GECC	Great Elm Cap Corp	Great Elm Capital	0.60	-5.32	13.64	0.00	57.60	132	245
TCPC	BR TCP Capital Corp	BlackRock	0.59	-15.80	12.94	0.00	58.25	781	4,636
FSK	FS KKR Capital Corp	FS/KKR	0.59	-10.01	12.17	0.00	53.70	6,545	33,706
RWAY	Runway Gwth Fin Corp	Runway Gwth Cap	0.58	-20.92	12.38	0.00	47.65	503	3,780
NMFC	New Mountain Fin Corp	New Mountain Capital	0.59	-15.02	12.10	0.00	56.44	1,343	5,726
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	1.36	-2.11	21.88	90.11	0.00	1,651	4,809
BCAT	BR Cap Alloc Trm Tr	BlackRock	1.35	-2.75	21.95	84.86	0.00	1,639	8,121
GGT	Gabelli Multimedia Tr	Gabelli	1.36	10.55	20.05	75.00	38.00	126	838
CLM	Cornerstone Stgc Inv Fd	Cornerstone	1.34	20.51	18.11	61.98	0.00	1,898	17,791
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.36	20.89	17.81	73.09	0.00	995	10,848
BMEZ	BR Health Sci Trm Tr	BlackRock	1.36	-5.61	14.02	99.86	0.00	958	4,138
HQH	abrdn Health Invstr	abrdn	1.36	-8.07	13.73	49.59	0.00	936	3,434
THW	abrdn Wld Health Fd	abrdn	1.37	1.06	13.36	64.73	22.08	417	1,566
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	1.35	5.56	13.53	51.59	31.53	756	2,855
HQL	abrdn Life Sci Invstr	abrdn	1.35	-7.98	13.32	30.57	0.00	411	1,438
BTX	BR Tech & Pvt Eq Trm Tr	BlackRock	1.34	-1.35	13.26	100.00	0.00	1,579	4,954
NXG	NXG NextGen Infra Incm Fd	Cushing	1.33	4.70	12.99	100.00	29.11	181	1,941
SRV	NXG Cushing Midstream Nrg Fd	Cushing	1.33	1.28	12.86	94.49	29.44	182	1,466
BSTZ	BR Sci & Tech Trm Tr	BlackRock	1.34	-5.97	12.65	32.76	0.00	1,510	4,804
RIV	RiverNorth Opp Fd	RiverNorth	1.35	-1.99	12.44	57.44	31.41	270	841
ASGI	abrdn Glbl Infra Incm Fd	abrdn	1.35	-3.75	12.27	28.57	0.00	617	3,434
AOD	abrdn Tot Dyn Div Fd	abrdn	1.35	-7.95	12.12	43.84	2.46	1,021	4,539
HGLB	Highland Glbl Alloc Fd	NexPoint	1.35	-27.72	12.12	0.00	3.47	279	641
AWP	abrdn Glbl Prmr Prop Fd	abrdn	1.34	2.34	12.18	76.93	11.82	337	1,217
NMAI	Nuv Multi-Asset Incm Fd	Nuveen	1.36	-8.46	11.94	74.17	28.55	462	1,168
AGD	abrdn Glbl Dyn Div Fd	abrdn	1.35	-0.89	11.89	40.21	4.17	278	1,543
JRI	Nuv Rel-Ast Incm & Gwth Fd	Nuveen	1.36	-0.59	11.81	56.14	31.78	374	1,818
THQ	abrdn Health Opp Fd	abrdn	1.36	3.39	11.59	57.58	22.60	746	2,759
NRO	NB Rel-Est Sec Incm Fd	Neuberger Berman	1.36	-2.69	11.52	72.12	24.82	212	774
MCN	XAI Madison Eq Prm Incm Fd	XA Investments	1.37	-1.71	11.39	0.00	0.00	136	595
GLO	Clough Glbl Opp Fd	Clough	1.35	-10.97	11.05	100.00	29.00	262	804
JOF	Japan Sml Caplz Fd	Nomura	1.36	-11.36	10.92	0.00	0.00	312	909
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	1.36	-6.96	10.40	41.67	25.40	807	2,032
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.35	-5.85	10.41	34.25	30.09	233	1,116
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	1.35	-8.53	10.31	0.00	26.04	350	1,047
GUT	Gabelli Util Tr	Gabelli	1.35	86.26	10.29	94.90	15.00	275	1,319
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.35	-4.43	10.29	75.85	0.00	481	1,220
IGA	Voya Glbl Adv & Prm Opp Fd	Voya	1.35	-3.30	10.23	42.44	0.00	158	771
IDE	Voya Infra Ind & Matrls Fd	Voya	1.34	-3.64	10.31	35.54	0.00	183	635
AEF	abrdn Emrg Mkt ex-China Fd	abrdn	1.35	-10.39	10.08	98.44	10.97	270	908
TYG	Tortoise Nrg Infra Corp	Tortoise	1.33	-4.18	10.07	75.26	19.80	783	3,321
IFN	India Fund	abrdn	1.35	-4.22	9.90	0.00	0.00	698	2,493

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.