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02. High Income Index

Data as of 03/19/2025 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	1,616.78	0.25	-0.02	-2.81	2.26	2.55	15.66	6.35	20.19	5.55	-2.24	2.71	2.71
NAV	1,510.89	0.40	0.39	-1.82	0.22	1.75	10.14	5.14	14.12	4.82	-1.38	0.84	0.84
Difference		0.15	0.41	1.00	-2.04	-0.80	-5.53	-1.22	-6.07	-0.73	0.86	-1.87	-1.87
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), 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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	2.47	-0.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-2.52	-0.28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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 -2.56%	1Yr Disc -2.95%	3Yr Disc -4.87%	5Yr Disc -4.11%	Rel Disc Range (3yr) 61.02%
Mkt Yield 13.31%	Lev Adj NAV Yield 10.85%	After Tax Yield* 11.42%	Est Tax Friction* 1.89%	3Yr NAV Volatiliy 12.77
1 Yr RoC 50.85%	3 Yr Dest RoC 36.56%	Leverage 23.16%	Non Lev Exp Ratio 2.34%	Beta (2yr) 0.62
Equity Exposure 50.68%	Bond Exposure 45.56%	# Holdings 88	Cash Weighted Duration 1.50
Comp NAV TR -1.11%	Comp Discount -0.14%	Net Assets (M) 713	Liquidity - 90d (K) 4,044
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

88 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
OXLC	Oxford Lane Cap Corp	Oxford Lane	0.93	-8.32	25.12	0.00	24.54	1,008	29,717
OCCI	OFS Credit Company	OFS Capital	1.04	0.29	20.23	0.00	37.45	159	2,071
ECC	Eagle Point Cr Co	Eagle Point	0.94	-3.99	21.82	4.57	34.82	926	9,066
CCIF	Carlyle Cr Incm Fd	Carlyle Glbl Cr Inv Mgmt	1.01	-0.40	17.05	0.00	31.13	130	1,163
ACP	abrdn Incm Cr Stgs Fd	abrdn	1.09	-4.63	15.58	44.38	25.96	785	4,820
EIC	Eagle Point Incm Co	Eagle Point	1.02	-1.41	16.38	0.00	26.93	332	3,788
EDF	Virtus SH Emrg Mkt Incm Fd	Virtus	1.18	10.26	13.95	17.08	25.06	138	698
NHS	NB Hi Yld Stgs Fd	Neuberger Berman	1.10	0.79	14.23	47.65	23.50	227	1,622
OPP	RiverNorth DbLin Stgc Opp Fd	RiverNorth	1.10	-6.35	13.33	32.82	36.40	217	912
PDI	PIMCO Dyn Incm Fd	PIMCO	1.18	16.18	13.35	19.28	30.43	6,280	45,568
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	1.11	37.88	13.87	56.87	16.94	1,883	15,590
EDD	MS Emrg Mkt Dom Dbt	Morgan Stanley	1.17	-8.13	13.17	0.00	17.34	341	1,223
HIX	WA Hi Incm Fd II	Franklin Templeton	1.09	-4.06	13.84	33.98	32.58	399	2,028
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	0.97	-3.07	15.40	5.98	39.60	469	3,876
MSD	MS Emrg Mkt Dbt Fd	Morgan Stanley	1.17	5.47	12.79	0.00	0.00	159	706
NPCT	Nuv Core Plus Impact Fd	Nuveen	1.09	-7.53	13.36	55.14	35.02	332	1,816
FAX	abrdn Asia-Pacific Incm Fd	abrdn	1.19	-5.19	12.31	48.98	38.05	700	2,539
BRW	Saba Cap Incm & Opp Fd	Saba Capital	1.09	-7.34	13.25	6.34	20.16	353	1,748
DMO	WA Mortg Opp Fd	Franklin Templeton	1.08	-2.70	13.12	13.62	45.71	139	740
VVR	Invsc Sr Incm Tr	Invesco	1.09	6.90	11.32	16.39	34.36	578	3,266
EHI	WA Glbl Hi Incm Fd	Franklin Templeton	1.09	-1.88	12.41	34.88	30.76	209	674
WDI	WA Divr Incm Fd	Franklin Templeton	1.10	-3.57	12.21	0.00	32.02	784	2,839
BWG	BwGlobal Glbl Incm Opp Fd	Franklin Templeton	1.14	-6.89	11.27	43.85	40.33	154	680
AVK	Advent Convt & Incm Fd	Guggenheim Funds	1.05	-4.31	12.19	70.93	39.06	532	1,793
PHK	PIMCO Hi Incm Fd	PIMCO	1.09	4.49	11.78	8.89	9.80	797	3,460
NCV	Virtus Convt & Incm Fd	Virtus	1.02	-9.97	12.37	100.00	36.82	331	1,669
PAXS	PIMCO Access Incm Fd	PIMCO	1.13	3.84	11.23	9.19	36.62	692	4,233
PFL	PIMCO Incm Stgy Fd	PIMCO	1.10	5.33	11.49	18.89	14.40	357	1,343
PFN	PIMCO Incm Stgy Fd II	PIMCO	1.09	4.46	11.50	9.33	7.00	661	2,288
NCZ	Virtus Convt & Incm Fd II	Virtus	1.01	-9.79	12.20	100.00	37.67	249	1,082
JFR	Nuv Flt Rt Incm Fd	Nuveen	1.02	-3.98	12.09	7.09	38.20	1,415	10,106
PCF	Hi Incm Sec Fd	Hi Incm Sec Fd	1.09	-5.41	10.70	35.20	0.00	207	616
JQC	Nuv Cr Stgs Incm Fd	Nuveen	1.02	-5.07	11.93	13.74	38.27	776	3,951
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	1.09	4.81	11.19	4.75	35.26	1,673	9,624
FCT	FT Sr Flt Rt Incm Fd II	First Trust	1.07	-3.59	11.41	25.05	12.01	275	1,138
BGT	BR Flt Rt Incm Fd	BlackRock	1.03	1.56	11.64	20.66	18.66	322	1,920
FTF	FrkTmp Ltd Dur Incm Tr	Franklin Templeton	1.04	-5.29	11.44	0.00	32.02	275	1,286
OXSQ	Oxford Square Cap Corp	Oxford Lane	0.63	13.04	16.15	0.00	41.24	161	1,176
PTMN	Portman Ridge Fin Corpn	Sierra Crest Inv Mgmt	0.54	-20.14	12.13	0.00	58.45	179	595
OFS	OFS Capital Corp	OFS Capital	0.68	-25.06	14.12	0.00	57.61	172	522
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.56	-16.84	16.76	0.00	52.27	346	2,531
WHF	WhiteHorse Finance	H.I.G. Capital	0.64	-16.00	14.89	0.00	52.17	286	985
ICMB	Investcorp Cr Mgmt BDC	Investcorp	0.63	-42.16	14.95	0.00	55.41	80	93
TCPC	BR TCP Capital Corp	BlackRock	0.51	-16.14	12.92	0.00	58.57	785	5,084
GSBD	Goldman Sachs BDC	Goldman Sachs	0.60	-9.82	10.48	0.00	53.46	1,588	11,702
HRZN	Horizon Tech Fin Corp	Horizon Tech Fin	0.61	10.44	14.18	0.00	57.44	340	3,496
RWAY	Runway Gwth Fin Corp	Runway Gwth Cap	0.56	-19.72	14.88	0.00	50.44	501	3,253
OCSL	Oaktree Splty Lending	Oaktree Capital	0.59	-10.78	10.17	0.00	51.16	1,450	13,528
TRIN	Trinity Capital	Trinity Capital	0.65	19.55	12.78	0.00	49.47	823	8,711
PNNT	PennantPark Inv Corp	PennantPark	0.59	-6.47	13.56	0.00	54.68	494	3,403
GECC	Great Elm Cap Corp	Great Elm Capital	0.53	-13.66	14.54	0.00	55.46	136	232
CION	CION Inv Corp	CION Inv Mgmt	0.55	-29.29	13.20	0.00	62.56	818	3,379
PSEC	Prospect Capital Corp	Prospect Capital	0.58	-45.66	12.68	0.00	57.04	3,471	12,665
SAR	Saratoga Inv Corp	Saratoga	0.58	-9.87	4.12	0.00	67.53	387	2,808
BCAT	BR Cap Alloc Trm Tr	BlackRock	1.43	-7.27	23.71	89.82	0.00	1,643	7,399
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	1.47	-1.70	22.65	93.47	0.00	1,640	5,674
CLM	Cornerstone Stgc Inv Fd	Cornerstone	1.28	16.54	19.66	71.22	0.00	1,610	15,536
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.25	20.66	19.04	72.36	0.00	718	7,756
HQH	abrdn Health Invstr	abrdn	1.54	-9.72	13.71	41.79	0.00	977	3,800
HQL	abrdn Life Sci Invstr	abrdn	1.47	-10.60	14.47	21.52	0.00	414	1,822
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	1.60	2.14	13.71	59.97	31.62	754	4,584
BMEZ	BR Health Sci Trm Tr	BlackRock	1.54	-3.68	13.95	90.96	0.00	1,595	6,381
AOD	abrdn Tot Dyn Div Fd	abrdn	1.52	-9.54	13.90	37.17	0.00	1,006	4,437
NXG	NXG NextGen Infra Incm Fd	Cushing	1.52	5.27	13.62	100.00	29.86	158	1,826
BTX	BR Tech & Pvt Eq Trm Tr	BlackRock	1.31	-5.01	15.59	100.00	0.00	1,489	5,742
NMAI	Nuv Multi-Asset Incm Fd	Nuveen	1.44	-9.02	13.80	77.44	29.70	445	1,592
ASGI	abrdn Glbl Infra Incm Fd	abrdn	1.56	-8.67	12.36	27.93	0.00	584	3,573
AGD	abrdn Glbl Dyn Div Fd	abrdn	1.54	-7.35	12.93	32.54	0.88	274	1,199
RIV	RiverNorth Opp Fd	RiverNorth	1.49	-3.94	13.11	84.65	34.12	261	1,032
JRI	Nuv Rel-Ast Incm & Gwth Fd	Nuveen	1.57	-2.33	12.31	54.13	33.06	365	1,743
THW	abrdn Wld Health Fd	abrdn	1.60	2.84	11.74	68.66	20.62	460	2,332
IFN	India Fund	abrdn	1.49	-5.45	11.91	0.00	0.00	643	3,352
BSTZ	BR Sci & Tech Trm Tr	BlackRock	1.33	-7.59	14.28	52.71	0.00	1,431	4,805
AWP	abrdn Glbl Prmr Prop Fd	abrdn	1.49	1.83	12.34	81.77	19.55	329	1,315
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	1.58	-11.07	11.38	41.67	27.00	771	2,904
SRV	NXG Cushing Midstream Nrg Fd	Cushing	1.43	0.41	12.40	94.49	23.57	174	1,672
GUT	Gabelli Util Tr	Gabelli	1.53	66.04	11.36	95.50	15.00	280	1,216
IDE	Voya Infra Ind & Matrls Fd	Voya	1.54	-8.71	11.34	33.33	0.00	176	594
THQ	abrdn Health Opp Fd	abrdn	1.63	1.46	10.34	45.51	20.50	851	3,181
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	1.56	-8.61	10.70	4.86	26.40	337	1,271
GLO	Clough Glbl Opp Fd	Clough	1.42	-12.50	12.10	100.00	25.15	243	811
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.44	-9.12	11.16	45.55	30.21	226	965
RVT	Royce Small-Cap Tr	Franklin Templeton	1.32	-7.93	8.26	0.15	1.72	1,855	4,008
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.54	-7.95	10.58	77.39	0.00	486	1,460
GLQ	Clough Glbl Eq Fd	Clough	1.41	-12.05	12.15	100.00	24.80	138	433
NRO	NB Rel-Est Sec Incm Fd	Neuberger Berman	1.37	-4.30	11.21	72.22	23.66	166	1,151
TYG	Tortoise Nrg Infra Corp	Tortoise	1.52	-9.95	10.02	88.84	20.00	837	4,932
USA	Liberty All-Star Eq Fd	ALPS	1.44	-1.34	10.23	0.00	0.00	1,947	5,186

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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