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02. High Income Index

Data as of 09/17/2021 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(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,403.75	-0.50	-1.18	-0.46	1.82	11.30	46.09	5.16	7.66	-1.30	0.73	24.91
NAV	1,331.67	-0.48	-0.52	0.63	1.26	7.85	27.13	4.59	6.80	-0.89	0.89	13.19
Difference		0.02	0.66	1.10	-0.56	-3.45	-18.96	-0.57	-0.86	0.42	0.16	-11.72
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00

2021 - Monthly Performance (%) Show Previous Years
	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	-	-	-	-	-	-	-	-
NAV	1.27	2.22	2.25	5.85	2.91	1.88	1.09	5.98	12.19	0.39	1.40	-	-	-	-	-	-	-	-
Difference	-1.80	-3.30	-2.24	-7.79	-1.46	-0.68	-0.84	-3.12	-11.81	0.15	-0.42	-	-	-	-	-	-	-	-
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

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount 2.22%	1Yr Disc -1.96%	3Yr Disc -3.44%	5Yr Disc -2.88%	Rel Disc Range (3yr) 77.61%
Mkt Yield 9.21%	Lev Adj NAV Yield 7.80%	After Tax Yield* 7.73%	Est Tax Friction* 1.48%	3Yr NAV Volatiliy 17.40
1 Yr RoC 45.48%	3 Yr Dest RoC 21.42%	Leverage 23.45%	Non Lev Exp Ratio 1.89%	Beta (2yr) 0.86
Equity Exposure 47.60%	Bond Exposure 48.91%	# Holdings 97	Cash Weighted Duration 1.53
Comp NAV TR -2.93%	Comp Discount 4.07%	Net Assets (M) 627	Liquidity - 90d (K) 2,563
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

97 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
OCCI	OFS Credit Company	OFS Capital	0.85	-7.89	16.98	0.00	36.36	77	979
OPP	RiverNorth DbLin Stgc Opp Fd	RiverNorth	0.89	-1.61	12.99	59.77	26.60	220	2,432
OXLC	Oxford Lane Cap Corp	Oxford Lane	0.91	6.08	11.33	0.00	32.64	677	7,738
RA	Brkf Real Ast Incm Fd	Brookfield	0.94	8.47	10.90	48.22	30.07	942	4,883
ACP	Abd Incm Cr Stgs Fd	Aberdeen	0.96	3.76	10.61	21.07	38.24	253	1,770
EVG	EV Srt Dur Divr Incm Fd	Eaton Vance	1.00	3.38	9.65	40.46	20.50	183	1,628
FTF	FrkTmp Ltd Dur Incm Tr	Franklin Templeton	0.95	0.11	10.05	42.31	33.35	279	1,279
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.92	24.12	10.33	54.75	24.05	922	5,324
GGM	Gghm Cr Alloc Fd	Guggenheim Funds	0.95	14.96	9.86	32.42	29.44	216	1,498
EDF	SH Emrg Mkt Incm Fd	Stone Harbor	0.91	15.41	10.19	31.71	27.46	120	450
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.91	-6.76	7.83	63.52	36.71	942	5,613
PCF	Hi Incm Sec Fd	Hi Incm Sec Fd	0.97	7.49	9.31	0.00	0.00	52	711
FAM	FT/Abd Glbl Opp Incm Fd	First Trust	0.94	-1.55	9.43	56.38	28.75	105	593
PCI	PIMCO Dyn Cr & Mortg Incm	PIMCO	0.90	3.45	9.82	1.71	45.01	3,152	10,388
PDI	PIMCO Dyn Incm Fd	PIMCO	0.87	5.40	9.96	0.00	43.07	1,797	8,376
XFLT	XAI Octgn Flt Rt & Alt Incm Trm	XA Investments	0.85	5.17	10.25	0.00	38.01	212	2,196
EVV	EV Ltd Dur Incm Fd	Eaton Vance	0.95	-0.89	8.98	37.92	37.40	1,567	5,651
TEI	Tmp Emrg Mkt Incm Fd	Franklin Templeton	0.94	-2.69	10.40	6.46	0.00	393	1,614
PHT	Pioneer Hi Incm Fd	Pioneer	0.99	5.78	8.49	0.00	30.70	283	1,138
ERC	WF Mlt-Sctr Incm Fd	Wells Fargo	1.00	5.69	8.46	0.00	27.60	360	1,451
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.86	6.79	8.56	4.32	39.31	725	3,656
HNW	Pioneer Divr Hi Incm Fd	Pioneer	0.97	-0.57	8.41	0.00	32.30	132	880
DMO	WA Mortg Opp Fd	Franklin Templeton	0.97	1.92	8.46	32.20	28.12	174	617
MIN	MFS Imd Incm Tr	MFS	0.91	-1.35	8.72	60.66	0.00	429	1,284
PKO	PIMCO Incm Opp Fd	PIMCO	0.88	4.15	9.18	1.39	41.45	506	1,683
PFL	PIMCO Incm Stgy Fd	PIMCO	0.87	10.03	8.32	8.07	38.69	366	1,529
HFRO	Highland Incm Fd	Highland Capital	0.93	-22.80	8.58	17.50	12.99	996	4,423
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.94	1.20	8.52	45.92	27.40	324	1,304
PHK	PIMCO Hi Incm Fd	PIMCO	0.89	7.90	8.97	0.00	41.02	797	2,893
NCZ	Virtus AG Convt & Incm Fd II	Virtus	0.94	-7.14	8.44	55.52	38.20	437	2,912
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.96	-2.67	8.22	28.74	26.31	552	1,774
JGH	Nuv Glbl Hi Incm Fd	Nuveen	0.93	-5.98	8.45	9.16	28.73	396	946
NCV	Virtus AG Convt & Incm Fd	Virtus	0.95	-3.59	8.27	53.01	37.71	578	2,243
HIX	WA Hi Incm Fd II	Franklin Templeton	0.98	2.62	7.91	8.92	29.25	425	803
NHS	NB Hi Yld Stgs Fd	Neuberger Berman	0.88	-0.95	8.69	33.09	33.80	185	474
RCS	PIMCO Stgc Incm Fd	PIMCO	0.93	15.98	8.11	4.01	45.82	289	880
VGI	Virtus Glbl Mlt-Sctr Incm Fd	Virtus	0.93	-2.71	8.10	46.70	27.00	138	417
MMT	MFS MltMkt Incm Tr	MFS	0.95	1.92	7.84	38.90	21.00	377	759
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.94	2.35	7.94	33.84	36.85	687	1,996
MCR	MFS Charter Incm Tr	MFS	0.92	-0.70	8.07	40.54	21.00	382	629
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.93	-5.78	7.97	6.17	27.40	686	2,345
GIM	Tmp Glbl Incm Fd	Franklin Templeton	0.92	-3.01	7.88	13.09	0.00	758	2,974
PTY	PIMCO Corp & Incm Opp Fd	PIMCO	0.91	32.06	7.48	7.59	46.73	1,272	11,232
GECC	Great Elm Cap Corp	Great Elm Capital	0.69	-12.31	11.70	0.00	41.35	92	341
FSK	FS KKR Capital Corp	FS/KKR	0.76	-16.24	11.57	0.00	49.23	7,653	24,110
ICMB	Investcorp Cr Mgmt BDC	Investcorp	0.77	-17.77	10.54	0.00	62.39	100	352
BKCC	BR Cap Inv Corp	BlackRock	0.73	-16.03	10.18	5.37	33.92	347	1,232
PTMN	Portman Ridge Fin Corpn	Sierra Crest Inv Mgmt	0.75	-16.25	9.78	0.00	56.04	267	762
CGBD	TCG BDC	Carlyle	0.75	-15.61	9.40	0.00	53.58	872	2,513
WHF	WhiteHorse Finance	H.I.G. Capital	0.76	0.65	9.15	0.00	51.94	321	757
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.73	16.65	9.47	0.00	38.97	403	2,043
MRCC	Monroe Capital Corp	Monroe Capital	0.70	-7.39	9.51	0.00	58.28	245	538
GSBD	Goldman Sachs BDC	Goldman Sachs	0.70	16.76	9.61	0.00	47.85	1,633	8,972
CSWC	Cap Southwest Corp	Capital Southwest	0.79	56.63	8.32	0.00	54.01	368	4,008
NMFC	New Mountain Fin Corp	New Mountain Capital	0.70	-2.40	9.22	4.08	57.85	1,292	4,520
AINV	Apollo Inv Corp	Apollo	0.72	-16.23	9.24	0.00	57.72	1,042	3,345
PFLT	PennantPark Flt Rt Cap	PennantPark	0.73	-0.31	8.93	0.00	51.33	497	2,482
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.41	27.25	14.91	37.36	0.00	1,201	12,053
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.42	30.08	14.56	31.02	0.00	609	6,143
RIV	RiverNorth Opp Fd	RiverNorth	1.23	5.74	11.42	15.22	8.32	203	1,707
GLQ	Clough Glbl Eq Fd	Clough	1.34	2.62	10.28	0.00	36.29	269	2,084
GLO	Clough Glbl Opp Fd	Clough	1.35	3.28	10.10	3.66	37.02	497	3,570
GLV	Clough Glbl Div & Incm Fd	Clough	1.35	4.87	9.98	52.31	35.47	125	1,052
IFN	India Fund	Aberdeen	1.30	-10.93	10.58	30.24	0.00	697	1,831
ZTR	Virtus Tot Rtn Fd	Virtus	1.24	3.58	10.06	69.38	26.00	439	1,145
DPG	D&P Util & Infra Fd	Virtus	1.19	5.04	10.18	71.93	27.89	497	1,456
HGLB	Highland Glbl Alloc Fd	Highland Capital	1.38	-15.83	8.61	4.01	27.45	258	1,092
IAF	Abd Australia Eq Fd	Aberdeen	1.15	-3.24	10.72	32.54	4.75	146	491
EOD	WF Glbl Div Opp Fd	Wells Fargo	1.25	-3.06	8.82	0.00	15.60	255	787
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	1.19	1.34	9.52	85.00	13.00	575	2,171
MCN	Madison Cov Call & Eq Stgc	Madison	1.22	4.59	9.03	15.76	0.00	160	402
IAE	Voya AP Hi Div Eq Incm Fd	Voya	1.15	-6.50	9.79	84.19	0.00	112	550
USA	Liberty All-Star Eq Fd	ALPS	1.25	8.85	9.48	0.00	0.00	1,803	9,178
HEQ	JH Hgd Eq & Incm Fd	John Hancock	1.21	-0.38	8.94	32.60	0.00	159	689
THW	Tekla Wld Health Fd	Tekla	1.30	8.24	8.26	99.16	17.13	582	1,727
IHD	Voya Emrg Mkt Hi Div Eq Fd	Voya	1.11	-7.15	9.56	85.50	0.00	154	656
FEN	FT Nrg Incm & Gwth Fd	First Trust	1.17	-4.35	8.94	92.83	20.42	273	855
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	1.27	3.08	8.10	97.46	0.00	1,564	4,251
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	1.25	-3.33	8.16	0.00	21.99	418	1,306
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.31	-5.23	7.79	73.49	0.00	525	1,421
IGA	Voya Glbl Adv & Prm Opp Fd	Voya	1.32	-5.11	7.71	52.34	0.00	176	642
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	1.28	1.74	7.85	43.62	0.00	1,176	2,286
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	1.20	5.66	8.28	75.41	0.00	667	1,832
KYN	KA Nrg Infra Fd	Kayne Anderson	1.12	-11.49	8.91	100.00	26.95	1,123	3,646
HQH	Tekla Health Invstr	Tekla	1.29	-0.34	7.80	0.00	0.00	1,194	3,166
FMO	F/C Nrg Infra Fd	Guggenheim Funds	1.04	-10.94	9.48	100.00	15.43	82	337
ETB	EV Tx-Mgd By-Wrt Incm Fd	Eaton Vance	1.23	2.94	7.87	46.19	0.00	438	882
CHW	Calamos Glbl Dyn Incm Fd	Calamos	1.17	2.10	8.22	0.00	31.76	597	1,327
HQL	Tekla Life Sci Invstr	Tekla	1.26	-2.51	7.91	0.00	0.00	542	1,429
ASG	Liberty All-Star Gwth Fd	ALPS	1.25	-1.35	7.73	0.00	0.00	478	2,173
FPL	FT New Opp MLP & Nrg Fd	First Trust	1.20	-9.39	8.04	87.13	19.90	153	520
FEI	FT MLP & Nrg Incm Fd	First Trust	1.14	-10.23	8.44	61.05	20.24	358	1,213
AWP	Abd Glbl Prmr Prop Fd	Aberdeen	1.29	-2.68	7.35	65.85	16.48	573	1,940
JDD	Nuv Divr Div & Incm Fd	Nuveen	1.28	-7.38	7.44	74.91	29.37	224	394
GUT	Gabelli Util Tr	Gabelli	1.22	82.51	7.77	99.50	26.00	268	885
DNP	DNP Sel Incm Fd	Virtus	1.31	14.86	7.21	22.60	24.81	3,199	5,710
NRO	NB Rel-Est Sec Incm Fd	Neuberger Berman	1.27	-0.20	7.37	64.40	20.20	241	598

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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