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02. High Income Index

Data as of

About the Index

50% Equity focused income funds and 50% Bond/BDC focused income funds: (1) Funds need to have 90-day average trading dollar ($) liquidity over $500K. (2) Taxable Bond + Preferred Equity groupings according to CEFdata.com, ranked by top 35% current market price yield (40% of the index weighting), (3) Debt-Focused Business Development Companies (BDCs), top 35% ranked by current market price yield (10% of the index weighting). (4) US Equity, Non-US Equity, Specialty Equity and Hybrid/Balanced Funds groupings in CEFData.com with funds only included if they pay monthly or quarterly distributions without a large year-end distribution in both of the past two calendar years. This selection is then ranked by top 35% of funds by current market price yield (50% of index weighting) The index constituents will be rebalanced each quarter.

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 1,193.89 1.27 1.99 -6.49 -13.21 -15.47 -14.67 -0.82 1.25 3.96 -6.43 1.27 -15.47
NAV 1,176.73 0.84 -0.01 -5.81 -11.00 -12.95 -11.11 -0.41 2.02 4.39 -5.85 0.84 -12.95
Difference -0.42 -2.00 0.68 2.21 2.53 3.55 0.41 0.77 0.43 0.57 -0.42 2.53
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 - - - - - - - - - -
NAV -2.02 -1.17 1.02 -2.18 -4.70 -0.80 -6.64 -11.75 -13.67 - - - - - - - - - -
Difference -0.33 1.31 -0.58 0.42 1.55 0.27 0.96 2.55 2.85 - - - - - - - - - -
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
-4.40%
1Yr Disc
-0.48%
3Yr Disc
-3.23%
5Yr Disc
-3.06%
Rel Disc Range (3yr)
63.18%
Mkt Yield
12.08%
Lev Adj NAV Yield
9.52%
After Tax Yield*
10.05%
Est Tax Friction*
2.03%
3Yr NAV Volatiliy
18.11
1 Yr RoC
35.36%
3 Yr Dest RoC
31.96%
Leverage
25.00%
Non Lev Exp Ratio
1.90%
Beta (2yr)
0.69
Equity Exposure
48.81%
Bond Exposure
48.07%
# Holdings
91
Cash Weighted Duration
1.64
Comp NAV TR
-2.66%
Comp Discount
1.59%
Net Assets (M)
742
Liquidity - 90d (K)
3,229
* 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


91 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
OCCI OFS Credit Company OFS Capital 1.03 -16.91 23.68 25.00 37.06 93 549
OPP RiverNorth DbLin Stgc Opp Fd RiverNorth 1.03 -2.39 16.05 62.20 32.40 220 1,616
ACP abrdn Incm Cr Stgs Fd abrdn 1.01 5.70 15.79 2.77 40.50 173 769
OXLC Oxford Lane Cap Corp Oxford Lane 1.02 -3.72 15.79 0.00 29.25 855 7,444
NCZ Virtus Convt & Incm Fd II Virtus 0.98 -13.28 14.66 80.77 42.79 269 1,853
NCV Virtus Convt & Incm Fd Virtus 1.00 -9.57 14.21 77.89 42.22 359 1,513
ECC Eagle Point Cr Co Eagle Point 1.02 7.82 14.17 0.00 31.73 475 3,564
GOF Gghm Stgc Opp Fd Guggenheim Funds 1.03 21.04 13.42 49.65 24.03 1,409 9,165
BRW Saba Cap Incm & Opp Fd Saba Capital 1.02 -9.00 13.35 82.93 24.32 378 894
TEI Tmp Emrg Mkt Incm Fd Franklin Templeton 1.01 -8.03 13.16 51.97 9.33 280 807
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.01 -3.01 12.94 30.87 36.60 168 1,249
RA Brkf Real Ast Incm Fd Brookfield 1.02 10.08 12.94 51.26 29.14 874 4,994
BWG BwGlobal Glbl Incm Opp Fd Franklin Templeton 1.04 -11.33 12.66 57.18 38.40 162 552
PDI PIMCO Dyn Incm Fd PIMCO 1.03 6.17 12.61 0.00 46.45 4,448 20,463
XFLT XAI Octgn Flt Rt & Alt Incm Trm XA Investments 1.03 5.72 12.48 15.34 39.59 221 1,295
RCS PIMCO Stgc Incm Fd PIMCO 1.02 8.92 11.93 3.16 49.32 211 778
PCF Hi Incm Sec Fd Hi Incm Sec Fd 1.03 -4.01 11.79 12.84 0.00 136 812
HIX WA Hi Incm Fd II Franklin Templeton 1.04 -2.34 11.74 5.43 32.90 333 1,625
JGH Nuv Glbl Hi Incm Fd Nuveen 1.02 -8.76 11.73 22.05 30.24 294 578
FAX abrdn Asia-Pacific Incm Fd abrdn 0.99 -15.43 11.58 43.95 34.88 835 2,605
AVK Advent Convt & Incm Fd Guggenheim Funds 1.03 -3.10 11.52 18.34 42.57 436 1,211
EVV EV Ltd Dur Incm Fd Eaton Vance 1.02 -3.96 11.52 39.76 38.10 1,261 3,554
FTF FrkTmp Ltd Dur Incm Tr Franklin Templeton 1.01 -7.53 11.45 25.86 29.59 295 1,198
ERC Allspring Mlt-Sctr Incm Fd Allspring 1.03 -0.10 11.35 9.28 28.50 270 916
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.03 12.66 11.28 4.32 46.86 988 5,858
PHK PIMCO Hi Incm Fd PIMCO 1.02 8.42 11.18 2.01 33.52 642 2,270
FSD FT Hi Incm Lng/Srt Fd First Trust 1.01 -10.03 11.06 31.34 29.70 424 1,087
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 1.02 -7.25 11.05 10.87 30.12 578 2,038
GHY PGIM Glbl Hi Yld Fd Prudential 1.02 -9.24 10.97 15.90 18.79 518 1,417
PFN PIMCO Incm Stgy Fd II PIMCO 1.02 6.48 10.92 3.64 33.44 584 2,179
PFL PIMCO Incm Stgy Fd PIMCO 1.02 6.77 10.87 9.03 34.89 298 1,107
DSL DbLin Incm Solutions Fd Doubleline 1.02 -8.34 10.82 0.00 27.88 1,358 4,790
CCD Calamos Dyn Convt & Incm Fd Calamos 1.02 5.76 10.79 0.00 37.64 517 2,231
PDO PIMCO Dyn Incm Opp Fd PIMCO 1.05 -7.41 10.77 0.00 46.96 1,694 7,333
EMD WA Emrg Mkt Dbt Fd Franklin Templeton 1.03 -10.70 10.75 33.03 32.90 602 2,226
EAD Allspring Incm Opp Fd Allspring 1.04 -7.19 10.75 0.00 26.00 427 924
KIO KKR Incm Opp Fd KKR Credit 1.02 -10.25 10.74 0.00 37.83 266 1,026
CHY Calamos Convt & Hi Incm Fd Calamos 1.02 3.02 10.66 0.00 37.67 812 2,285
ACV Virtus Divr Incm & Convt Fd Virtus 1.07 -2.96 10.62 0.00 27.24 217 882
NEWT Newtek Biz Serv Corp Newtek 0.64 18.37 15.37 0.00 45.43 398 3,686
GECC Great Elm Cap Corp Great Elm Capital 0.63 -15.67 14.17 0.00 45.06 114 300
ICMB Investcorp Cr Mgmt BDC Investcorp 0.62 -38.38 14.05 0.00 62.81 100 112
FSK FS KKR Capital Corp FS/KKR 0.63 -27.55 13.74 0.00 52.15 7,762 28,911
CION CION Inv Corp CION Inv Mgmt 0.63 -45.49 12.68 0.00 48.48 923 1,766
OXSQ Oxford Square Cap Corp Oxford Lane 0.62 -21.72 11.54 9.39 43.66 231 750
FCRD First Eagle Alt Cap BDC First Eagle Alt Cr 0.61 -42.81 11.43 0.00 55.09 183 131
TRIN Trinity Capital Trinity Capital 0.63 -2.97 11.43 0.00 51.66 578 2,967
AINV Apollo Inv Corp Apollo 0.63 -30.08 11.23 0.00 59.82 1,003 3,770
OFS OFS Capital Corp OFS Capital 0.65 -33.18 11.19 24.76 59.61 208 801
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.63 -5.64 11.03 0.00 48.38 430 2,606
SLRC SLR Inv Corp SLR Capital 0.64 -22.96 10.88 20.33 36.22 1,071 4,949
BKCC BR Cap Inv Corp BlackRock 0.62 -21.28 10.81 19.52 32.17 347 1,062
MRCC Monroe Capital Corp Monroe Capital 0.64 -17.79 10.76 0.00 56.35 245 577
WHF WhiteHorse Finance H.I.G. Capital 0.62 -11.47 10.70 0.00 55.78 348 940
GSBD Goldman Sachs BDC Goldman Sachs 0.62 6.96 10.65 0.00 52.64 1,611 8,386
CLM Cornerstone Stgc Val Fd Cornerstone 1.40 14.23 24.80 62.99 0.00 1,561 24,904
CRF Cornerstone Tot Rtn Fd Cornerstone 1.39 15.28 24.62 65.17 0.00 709 12,176
GLO Clough Glbl Opp Fd Clough 1.38 -0.13 15.27 0.00 43.22 307 1,514
GLQ Clough Glbl Eq Fd Clough 1.38 -0.43 15.17 0.00 42.81 170 806
RIV RiverNorth Opp Fd RiverNorth 1.39 7.20 14.27 37.85 16.61 240 1,481
IFN India Fund abrdn 1.37 -9.49 13.07 0.00 0.00 490 1,486
GLV Clough Glbl Div & Incm Fd Clough 1.41 0.00 12.97 81.83 39.80 97 714
CHW Calamos Glbl Dyn Incm Fd Calamos 1.38 4.40 12.21 15.73 37.64 404 1,193
EOD Allspring Glbl Div Opp Fd Allspring 1.43 -5.77 12.11 16.17 15.30 202 613
ZTR Virtus Tot Rtn Fd Virtus 1.37 -0.74 11.90 63.62 27.00 391 770
NBXG NB Nxt Gen Connectivity Fd Neuberger Berman 1.40 -16.38 11.87 81.66 0.00 952 3,561
JCE Nuv Core Eq Alpha Fd Nuveen 1.43 -0.81 11.67 0.00 0.00 219 807
BSTZ BR Sci & Tech Tr II BlackRock 1.39 -12.91 11.58 0.00 0.00 1,795 5,690
USA Liberty All-Star Eq Fd ALPS 1.40 4.58 11.25 1.94 0.00 1,556 7,729
AIO Virtus AI & Tech Opp Fd Virtus 1.42 -11.86 10.86 0.00 13.68 646 2,137
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 1.39 2.41 10.74 42.52 0.00 541 1,890
NMAI Nuv Multi-Asset Incm Fd Nuveen 1.41 -13.29 10.57 0.00 32.37 511 1,043
MCN Madison Cov Call & Eq Stgc Madison 1.38 1.03 10.53 42.78 0.00 142 547
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 1.40 -3.79 10.51 12.47 0.00 2,491 5,796
BMEZ BR Health Sci Tr II BlackRock 1.40 -12.37 10.36 0.00 0.00 2,148 7,252
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 1.39 -3.32 10.34 10.55 0.00 950 2,924
BIGZ BR Innovation & Gwth Tr BlackRock 1.41 -14.44 10.27 100.00 0.00 2,267 11,384
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 1.34 -2.49 10.23 88.33 12.00 557 2,448
CPZ Calamos Lng-Srt Eq & Dyn Incm Calamos 1.37 -9.77 10.23 0.00 23.48 358 928
HGLB Highland Glbl Alloc Fd Highland Capital 1.37 -20.75 10.06 15.98 8.36 271 928
DPG D&P Util & Infra Fd Virtus 1.39 8.39 9.94 81.79 28.59 494 1,358
EOS EV Enh Eq Incm Fd II Eaton Vance 1.40 -0.66 9.94 18.32 0.00 853 2,537
GUG Gghm Active Alloc Fd Guggenheim Funds 1.40 -10.45 9.84 0.00 30.14 533 1,562
RVT Royce Val Tr Franklin Templeton 1.40 -3.13 9.82 0.43 3.52 1,560 4,333
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 1.39 -1.48 9.81 9.84 25.74 869 2,493
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 1.37 -4.77 9.73 28.13 25.94 210 603
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 1.39 6.45 9.71 91.42 0.00 1,351 4,158
AWP abrdn Glbl Prmr Prop Fd abrdn 1.39 -3.31 9.68 62.29 20.80 438 2,140
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 1.38 -2.96 9.66 5.89 19.76 369 1,072
HQL Tekla Life Sci Invstr Tekla 1.40 -7.47 9.66 7.16 0.00 394 1,084
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.38 -3.11 9.64 16.01 19.00 1,274 2,556

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